Agent says Daniel Island seeing a strong spring surge in housing market
In the month of April, 33 homes sold on Daniel Island, including a $6.275 million home at 151 Brailsford St.
The total dollar volume of sales for April topped $68 million.
"Daniel Island real estate saw a strong spring surge in April," said Tricia Peterson of Island House Real Estate, noting the jump was "driven by increased inventory, continued luxury buyer demand, and buyers re-entering the market as they adjust to current interest rates."
As of May 21, 68 properties were under contract on Daniel Island, with 93 homes actively listed.
"Many buyers appear to be accepting that mortgage rates in the 6% range are the 'new normal' rather than waiting indefinitely for major drops," Peterson said. "National pending home sales increased again in April despite rates remaining elevated."
Six properties closed for more than $3 million in April, two of which sold for more than $5 million. The least expensive property sold was 130 River Landing Drive, Unit 9202, for $312,000.
Peterson said spring is typically one of the stronger seasons for home sales and is currently being buoyed by more inventory hitting the market.
"With more homes available and the lifestyle appeal of Daniel Island remaining stronger than ever, both buyers and sellers are becoming more active this season."
APRIL HOME SALES
3034 Baltimore St. – $1,200,000
1970 Bellona St. – $2,150,000
178 Beresford Creek St. – $3,600,000
1225 Blakeway St. #1503 – $469,500
115 Bounty St. – $1,540,000
150 Brady St. – $1,200,000
151 Brailsford St. – $6,275,000
1601 Bulline St. – $1,625,000
492 Creek Landing St. – $5,600,000
2267 Daniel Island Drive – $940,000
2445 Daniel Island Drive – $2,225,000
138 Fairbanks Drive – $1,150,000
140 Fairbanks Drive – $1,014,000
124 Fairbanks Oak Alley #4b – $1,960,000
7790 Farr St. – $1,075,000
215 Ferryman Lane – $2,640,000
34 Hazelhurst St. – $3,375,000
515 Helmsman St. #515 – $3,375,000
523 Helmsman St. #523 – $2,990,000
532 Helmsman St. #532 – $2,275,000
201 Ladd Court – $1,885,000
325 Longshore St. #1141 – $1,035,000
325 Longshore St. #1133 - $2,380,000
325 Longshore St. #1131 – $980,000
315 Longshore St. #315 – $2,000,000
113 Lucia St. – $1,415,000
122 River Green Place – $2,500,000
130 River Landing Drive #4211 – $665,000
130 River Landing Drive #9202 – $312,000
200 River Landing Drive #204f – $775,000
413 Spartina Lane – $2,100,000
618 Waterman St. #618 – $2,000,000
26 Woodford St. – $3,350,000