November 2011

There are 2 blog entries for November 2011.

Charleston Named 'Top US City'

Charleston, SC was named the 2011 'Top US City' by readers of Conde Nast Traveler Magazine recently.  Charleston came in at #2 last year.

The award was presented Monday evening at the magazine's Reader's Choice Awards in New York with Charleston native and comedian Stephen Colbert awarding the honor to local tourism officials.

Colbert said Charleston is the most beautiful city he has ever seen and joked that, as a child, he picked up pocket change pointing out the house in Charleston where Rhett Butler grew up.

Charleston has been on the magazine's Top 10 list since 1993.

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Here is a snapshot of the Charleston real estate statistics for Charleston County.  These stats compare the years 2009, 2010, and 2011.

Please note that the listings taken are down.  This is great news, since we want the extraordinary high number of active homes on the market to come down.  In any healthy real estate market, we want the active listing inventory to be around 6 months.  This means that if no other new homes came on the market- it would take 6 months to sell the active homes at the current rate they are selling.  Thus, these results show that we are trending in the right direction.

Also note that while the average sales price is again down, the number of closings are up.  In other words, activity is up.

Charleston stats vs previous years 

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