Mount Pleasant SC Homes for Sale
Walter G Mueller

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Mount Pleasant, SC 29464




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Isle of Palms, SC - Market Review

Isle of Palms updated as of September 30, 2007 - Before we begin I just wanted to clarify some points for you. All of this data was collected from the South Carolina Association of Realtors Multiple Listing Service (SCAR MLS). The data that was collected was for Charleston SC MLS defined areas for the Isle of Palms. This variation however should not be significant for our needs.

Request free reports and market analyses before buying or selling a home on Isle of Palms, SC.

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Isle of Palms Homes Days on Market

Days on Market: The number of days from the last change in list price to the contract date. If the property is priced above the competition, it's going to sit.

Isle of Palms Homes Sold Volume

Volume: The number of properties sold.

Isle of Palms Homes Average Sold Price


Isle of Palms Homes Listing Discount

Listing Discount: The percentage difference between the final list price and the contract price. In soft markets the Discount tends to grow, and in tight ones it tends to shrink.

Isle of Palms Homes Months of Inventory


Isle of Palms Homes Current Inventory

Inventory: It tells us how long it would take to sell all the houses we currently have in the market based on the days on market number. Currently we have a greater inventory than we have had in the last three years. This can be another indicator of slowing market.

Isle of Palms Homes Average Days on Market by Price


Isle of Palms Homes Number of Sold Listings by Price


Isle of Palms Homes Percentage of Listings by Price


Isle of Palms, SC

Isle of Palms, S.C.

Originally named Hunting Island and later Long Island, the Isle of Palms had no permanent inhabitants until the late 19th century when locals began to recognize the island as a refuge from the summer heat and tempo of Charleston.

The first home on Long Island was a summer getaway built by Nicholas Sottile in 1898. In 1899, J.S. Lawrence purchased the island and renamed it the Isle of Palms.

A bridge link to the islands was established in 1946. At that time, developer J.C. Long of The Beach Company purchased most of the island. He provided low-cost housing to veterans returning from World War II, and the Isle of Palms slowly developed into a residential bedroom community of greater Charleston while still maintaining its charm, natural beauty and desirability as a summertime getaway.

One of the most famous resorts in the Lowcountry is located on Isle of Palms. Originally called the Isle of Palms Beach and Racquet Club, it was renamed Wild Dunes Beach and Racquet Club in 1984 and today is simply called Wild Dunes. With nationally recognized golf courses and other resort amenities, Wild Dunes has become a major vacation locale on the South Carolina coast.

In 1989, Hurricane Hugo destroyed many homes and businesses on the island, and in the years since, a number of large new beach homes have been built. In the business district, popular Palm Boulevard has recently undergone a facelift with more parking and palm trees.

In 1993, the new Isle of Palms Connector opened, connecting the island directly to Mount Pleasant near I-526.


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