Hidden Lakes Real Estate Report

JANUARY 25, 2009

Gooden + Faircloth www.welcomehometocharleston.com

 Mt Pleasant, SC 29466

843.822.0131

www.welcomehometocharleston.com

Hidden Lakes Real Estate Report

JANUARY 25, 2009

I trust you’ll find the information in this report a

helpful real estate sales snapshot of what has
occurred in the lovely Hidden Lakes neighborhood of
Mt Pleasant during 2008, as well as what is occurring
right now.

Most data for the report was extracted from the

Charleston Trident Multiple Listing Service.

Gooden Faircloth is a Mt Pleasant and Greater

Charleston based team of real estate professionals,
affiliated with internationally respected Keller
Williams Realty.

We’re pleased to be able to provide this report to you and welcome any questions you
have. Thank you.

Rebecca Gooden
Partner - Broker
Gooden + Faircloth Real Estate Services

Gooden + Faircloth www.welcomehometocharleston.com

Gooden + Faircloth www.welcomehometocharleston.com
Hidden Lakes Summary

During 2008, 9 home sales ( excluding For Sale By Owners ) occurred in Hidden Lakes compared to 9, 11 and 8 in the three
previous years. 2007 to 2008, the average sale price was up by $21,000 while the average number of days on market fell by
half to 80. The average cost per square foot for 2008 homes sold was $191.

TOTAL # AVERAGE
AVERAGE
YEAR HOMES DAYS ON
SALE PRICE
SOLD MARKET

2005 8 $565,750 21

2006 11 $633,263 62

2007 9 $537,677 150

2008 8 $558,906 80

The highest priced Hidden Lakes home sale in 2008 occurred in June. 1158
Waterfront Drive sold for $830,000 after being on the market for 89 days.
It was originally listed $949,900, reduced to $899,900 and sold for
$830,000. The average home sold in Hidden Lakes in ’08 remained on the
market for 80 days.

Turnover remains low in Hidden Lakes with 7 homes currently listed for
sale ( excluding FSBO ). The current average list price for homes listed in
Hidden Lakes is $644,529.

The average number of days on market for those homes listed is 157.
1237 Hidden Lakes has been on the market for the longest, 281 days.

Gooden + Faircloth www.welcomehometocharleston.com

Sold In The Past Year
HIDDEN LAKES HOMES SOLD JANUARY 1, 2008 - DECEMBER 31, 2008
The table below lists all homes sold in Hidden Lakes during 2008 ( does not include homes sold by owner ). 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.

ORIGINAL PRICE
FINAL LIST SOLD DATE OF SQUARE
HOME ADDRESS LIST PER SQ DOM
PRICE PRICE CLOSE FEET
PRICE FOOT

1209 WATERFRONT DR $615,000 $615,000 $585,000 1/11/08 2581 $227 31

1253 WATERFRONT DR $664,900 $634,900 $572,500 2/27/08 3700 $155 187

1347 OUTREACH LANE $499,000 $499,000 $495,000 4/18/08 2513 $197 46

1385 HIDDEN LAKES DR $449,500 $449,500 $418,750 5/16/08 2401 $174 32

1158 WATERFRONT DR $949,900 $899,900 $830,000 6/5/08 3500 $237 89

1261 HIDDEN LAKES DR $619,900 $495,000 $465,000 6/24/08 3893 $119 162

1265 HIDDEN LAKES DR $620,000 $599,000 $575,000 8/19/08 3000 $192 54

1201 WATERFRONT DR $537,288 $537,288 $530,000 9/5/08 2363 $224 39

Average $619,436 $591,199 $558,906 $191 80

Gooden + Faircloth www.welcomehometocharleston.com

Hidden Lakes Active Listings

WHAT IS CURRENTLY ON THE MARKET? *

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

HOME ORIGINAL CURRENT SQUARE PRICE PER

LIST DATE DOM CDOM
ADDRESS LIST PRICE LIST PRICE* FT SQUARE FT

1237 HIDDEN LAKES DR $624,900 $624,900 2533 $247 4/14/08 281 281

1296 WATERFRONT DRIVE $550,000 $515,000 2675 $193 7/13/08 191 191

1333 TAILWIND CT $649,000 $639,000 2898 $220 8/6/08 166 166

1234 WATERFRONT DR $949,900 $875,000 4036 $217 8/12/08 160 160

1309 WATERFRONT DR $559,000 $559,000 2400 $233 9/10/08 132 132

1314 SANDY SHORE CT $599,900 $599,900 2864 $209 10/25/08 87 87

1300 WATERFRONT DR $579,000 $579,000 3300 $175 11/7/08 74 74

Average $644,529 $627,400 $213 157

* AS OF JANUARY 25, 2009.

Gooden + Faircloth www.welcomehometocharleston.com

Summary of Home Sales & Listings

HIDDEN LAKES HOMES SOLD SUMMARY

The table below summarizes home sales for 2008. Details include: number of homes sold, average original list price, average
final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list
price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot,
average DOM, average CDOM.

AVG %
# OF AVG ORIGI- AVG AVG ORIG
AVG SOLD SOLD / AVG SOLD $ / AVG
HOME NAL LIST FINAL LIST $ / SQ
PRICE FINAL LIST SQ FT DOM
SOLD PRICE LIST PRICE FT
$

1/1/008 -
12/31/08 8 $619,436 $591,199 $558,906 94.50% $198 $191 80

AVERAGE ORIGI- AVERAGE CUR-

CURRENT NUMBER OF AVERAGE ORIGI- AVERAGE CUR- NAL LIST PRICE / RENT PRICE / SQ
LISTINGS AS OF: HOUSES LISTED NAL LIST PRICE RENT LIST PRICE SQ FOOT FOOT

Jan 21, 2009 7 $644,529.00 $627,400.00 $218.00 $213.00

CURRENT HIDDEN LAKES LISTINGS - SUMMARY

The table above provides the following information: number
of homes currently listed ( non FSBO ) on the Charleston
Trident MLS as of January 21, 2008, average original list
price, average current list price, average original list price
per square foot and average current list price per square
foot.

Gooden + Faircloth www.welcomehometocharleston.com

Hidden Lakes Real Estate Sales History

SALES AND INVENTORY REPORT - JANUARY 1, 2008 - DECEMBER 31, 2008

The table details below 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.

#
AVERAGE AVG DAYS CURRENT
MONTH TOTAL AVG LIST AVG SALE % SOLD / MONTH’S
PRICE PER ON INVEN-
YEAR SALES PRICE PRICE LIST INVEN-
SQUARE FT MARKET TORY
TORY *

Jan-08 1 $615,000 $585,000 $227 31 95.12% 4 4

Feb-08 1 $634,900 $572,500 $155 187 90.17% 4 4

Mar-08 0 0 0 0 0 0% 3 0

Apr-08 1 $499,000 $495,000 $197 46 99.19% 6 6

May-08 1 $449,500 $418,750 $174 32 93.15% 6 6

Jun-08 2 $697,450 $647,500 $178 125 92.83% 8 4

Jul-09 0 0 0 0 0 0% 8 0

Aug-08 2 $389,500 $368,750 $144 48 94.67% 8 4

Sep-08 1 $537,288 $530,000 $224 39 98.64% 10 10

Oct-08 0 0 0 0 0 0% 10 0

Nov-08 0 0 0 0 0 0% 11 0

Dec-08 0 0 0 0 0 0% 9 0

Annual 9 $545,509 $514,861 $180 75 94.38% 7 7

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 monthʼs
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.