2008 Stono Ferry Land Sales Forecast
Stono Ferry Land Sales History
Over the last 10 years, the numbers lots sold per year has dropped as more homes have been built.
Based on Charleston Tax Records there are only 91 vacant lots out approximately 307 total.
After taking out the spike in lands sales of 2004 and 2005, we could expect on average approximately twenty lots to be sold per year.
In 2007, there were only 6 lot sales.
Stono Ferry lot prices held up better than the greater Charleston area lot prices. The average lot price in the Charleston area dropped 10% from 2006 to 2007, while average Stono Ferry lot price only dropped 5%*
Forecast
In 2008, there should be 8 to 10 lots sales barring a natural disaster or another major economic surprise. For current listings of homes, townhomes and land for sale in Stono Ferry go to
www.stonoferryproperties.com.
* Data based on CTAR MLS data. Data is deemed reliable but not guaranteed.