Fripp Island SC Homes Sales Report for 2009
Posted by Todd Covington on Saturday, May 16th, 2009 at 1:59pm.
Today we are going to take a look at the residential real estate market on Fripp Island. The below chart should give a fairly accurate picture of housing movement on the island. In the charts below you can get an idea on housing movement on the island. Fripp Island has had 110 listings hit the market in 2009, 53 have expired, 7 have sold and currently there are 5 homes under contract. With 5 pendings, is shows sales are slightly picking up during this typically active real estate season.
The below chart details the active residential listings on Fripp. With the average 2009 home price at $805,013, you can expect sales to stay relatively slow on the high end properties. I say this because the average sale price of homes on Fripp was $549,000 in 2008. If you consider that 2009 closings in the Beaufort MLS are down 20% from 2008, you can conclude buyers are looking for true steals.
2009 Fripp Island Active Single Family Listings
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