Sales are up, inventory levels are down and prices appear to have stabilized on Daniel Island, an award-winning master planned community and top submarket for Charleston real estate. Daniel Island Real Estate, the community ’s primary source for residential property, is reporting that the first quarter of 2011 showed the most promising indicators to date that Daniel Island and Charleston are well on their way to returning to a healthy market.
In the first quarter of this year, closed transactions for single-family homes on Daniel Island were up 20% compared to last year’s first quarter. In March alone, 2011 sales were up 36% compared to March 2010.