Daniel Island Lot Sales 2009

It's been reported that 29 lots have sold this year on Daniel Island. This is a positive sign since the lot market has declined over the past three years in and around the Tri-County region. Of the 29 lots sold this year, 12 were under $300,000, 12 were priced between $300,000 and $1 million, five were over $ 1 million and the highest priced lot sold for $2 million! The total being $18.2 million, or an average of $628,448. I understand that some excellent incentives help drive these sales. The main incentive offered was a Daniel Island Club membership with lots purchased on the north side or club side of the community. The normal required membership equity fee was approx. $80-90,000 to join. 

Let's hope the market for lots and single family homes on Daniel Island continues to increase in the coming months and well into 2010.