www.gfcharleston.

com

APRIL 2009

© 2009 Gooden + Faircloth Real Estate Services

© 2009 Gooden + Faircloth Real Estate Services
APRIL 2009

Wakendaw Lakes is simply a special Mt Pleasant neighborhood, older more

established, diverse, lush and lovely. It has long been one of Mt Pleasant’s most
desirable neighborhoods.

Wakendaw Lakes is actually a series of four separate developments: Wakendaw Lakes,

Wakendaw Manor, Wakendaw-on-the-Creek, and Wakendaw East.

The area has a rich history having been part of the Woodlawn Plantation, a 300+ acre
working farm of pecans trees, acres of fields and over 9,500 head of livestock, mostly
hogs.

Data for this report has been extracted from the Charleston Trident Multiple Listing
Service.

I welcome your questions or contact with our group.

Thank you.
Rebecca Gooden, Broker / Partner
843.822.0131
rebecca@gfcharleston.com

www.gfcharleston.com

© 2009 Gooden + Faircloth Real Estate Services

Wakendaw
Real Estate Report
Summary

During 2008, a total of 9 home sales ( excluding For Sale By Owners ) occurred in
the combined neighborhoods of Wakendaw. There were no homes sold in the
Wakendaw-on-the-Creek neighborhood.

The average sale price in Wakendaw Lakes was $ 501,557. In Wakendaw Place, 2
homes were sold, at an average sale price of $241,700.

The highest priced home sold in Wakendaw over the past 12 months was 683 Libbys
Point which sold in February of ’09 for $ 950,000 or $ 211 per square foot. The
4,500 square foot home was initially listed at $ 1,125,000 and was, according to MLS,
on the market for zero days.

Over the past 12 months, homes which sold had remained on the market an average
of 99 days in Wakendaw Lakes and 112 days in Wakendaw Place. The average days
on market for homes currently listed in Wakendaw Lakes is 220 days.

As of April 8, 2009 there are a total of 11 single family homes on the market in
Wakendaw ( non FSBO ), 8 in Wakendaw Lakes, 2 in Wakendaw On The Creek and
one in Wakendaw Place.

The current average list price in Wakendaw Lakes is $492,038, $707,500 in

Wakendaw On The Creek and $238,900 in Wackendaw Place.

© 2009 Gooden + Faircloth Real Estate Services

Wakendaw: Home Sales
APRIL 8, 2008 - APRIL 8, 2009
Below, you’ll find real estate sales information for Wakendaw Lakes and Wakendaw Place. There were no homes sold during the
past year in Wakendaw On The Creek. Details include: Home address, original list price, final list price, price home sold for, date
of close, square footage of home, price per square foot, days on market and cumulative days on market. Data does not include
For Sale By Owner transactions.

ORIGINAL PRICE
WAKENDAW LAKES FINAL LIST SOLD DATE OF SQUARE
LIST PER SQ DOM
PRICE PRICE CLOSE FEET
PRICE FOOT

761CHATTER RD $349,000 $310,000 $285,900 12/11/08 1,827 $156 176

727 GYPSY LN $365,000 $298,000 $295,000 6/17/08 1,733 $170 390

1321 VAGABOND LN $439,000 $419,000 $395,000 11/25/08 2,740 $144 82

856 DETYENS RD $428,000 $428,000 $420,000 7/28/08 2,253 $186 4

1316 BARKSDALE RD $439,000 $439,000 $425,000 6/9/08 2,400 $177 3

1196 MANOR LN $940,000 $795,000 $740,000 12/2/08 3,343 $221 41

683 LIBBYS PT $1,125,000 $1,125,000 $950,000 2/2/09 4,500 $211 0

Average $583,571 $544,857 $501,557 $181 99

ORIGINAL PRICE
WAKENDAW PLACE FINAL LIST SOLD DATE OF SQUARE
LIST PER SQ DOM
PRICE PRICE CLOSE FEET
PRICE FOOT

1287 CHATFIELD ST $229,900 $229,900 $218,500 12/30/08 1410 $155 184

1229 CHATFIELD ST $279,900 $279,900 $264,900 8/20/08 1885 $141 40

Average $254,900 $254,900 $241,700 $148 112

© 2009 Gooden + Faircloth Real Estate Services

Wakendaw: Current Listings
The table below lists details for those homes currently listed on the Charleston Trident MLS as of April 8, 2009.
Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date,
and days on market.

WAKENDAW LAKES ORIGINAL LIST CURRENT LIST PRICE SQUARE PRICE PER
LIST DATE DOM
PRICE * FEET SQ FOOT

679 SEROTINA CT $325,000 $325,000 3/2/09 2,072 $157 37

711 OSPREY CT $393,000 $360,000 12/14/08 2,300 $157 115

847 PINE SHADOW $445,000 $429,000 10/6/08 2,486 $173 543

856 SEROTINA CT $435,000 $435,000 9/24/08 2,162 $201 195

624 OAK MARSH DR $460,500 $448,900 1/17/09 2,333 $192 79

684 OAK MARSH DR $549,900 $529,500 11/15/07 2,728 $194 510

1177 MANOR LN $679,000 $629,000 7/23/08 2,532 $248 259

1223 MANOR LN $779,900 $779,900 3/17/09 3,300 $236 22

Average $508,413 $492,038 $195 220

WAKENDAW ON THE CREEK ORIGINAL LIST CURRENT LIST PRICE SQUARE PRICE PER
LIST DATE DOM
PRICE * FEET SQ FOOT

665 OAK MARSH DR $695,000 $650,000 11/18/08 2,841 $229 141

849 TAMARACK CT $765,000 $765,000 12/20/08 3,990 $192 108

Average $730,000 $707,500 $210 125

WAKENDAW PLACE ORIGINAL LIST CURRENT LIST PRICE SQUARE PRICE PER
LIST DATE DOM
PRICE * FEET SQ FOOT

1495 OLD WILLIAMSTON CT $238,900 $238,900 1/2/09 1,406 $170 96

© 2009 Gooden + Faircloth Real Estate Services

Wakendaw: By Month Sales & Inventory
APRIL, 2008 - MARCH 31, 2009
The table below lists, by month, home sales in Wakendaw from April ’08 through March ’09. Details include: number of
homes sold during month, average list price, average sale price, average price per square foot, median price, average days on
market, sold price percent of list price, number of homes which were on the market that month and the number of months
it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.

AVG PRICE MEDIAN AVG DAYS HOMES # MONTHS

MONTH TOTAL AVG LIST AVG SALE % SOLD /
PER SQ PRICE OF ON MAR- ON MAR- INVEN-
YEAR SALES PRICE PRICE LIST
FOOT ALL SOLD KET KET TORY *

Apr-08 1 $349,900 $345,000 $169 $345,000 121 99% 7 7

May-08 0 0 0 0 0 0 0% 10 0

Jun-08 2 $368,500 $360,000 $173 $360,000 196 98% 11 6

Jul-08 1 $428,000 $420,000 $186 $420,000 3 98% 9 9

Aug-08 1 $279,900 $264,900 $141 $264,900 39 95% 10 10

Sep-08 0 0 0 0 0 0 0% 13 0

Oct-08 0 0 0 0 0 0 0% 11 0

Nov-08 1 $419,000 $395,000 $144 $395,000 82 94% 9 9

Dec-08 3 $444,966 $414,800 $177 $285,900 83 93% 8 3

Jan-09 0 0 0 0 0 0 0% 10 0

Feb-09 1 $1,125,000 $950,000 $211 $950,000 0 84% 11 11

Mar-09 0 0 0 0 0 0 0% 11 0

Annual 10 $467,370 $433,930 173 $370,000 88 93% 10 12

Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of
each month.
The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed
as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total
sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale.

© 2009 Gooden + Faircloth Real Estate Services