July 2013

There are 2 blog entries for July 2013.

Mariners Cay ViewsI was showing more condos for sale at Folly Beach again and I keep "re-discovering" the attraction that Mariners Cay has at the beach.  What a great place to live, or to purchase as an investment property.  Here are a few reasons why, from a Realtor's perspective.

#1: Location.  Yes, you guessed it.  'They' always say the three most important things to consider when purchasing real estate is location, location, location.  Well for Mariners Cay, this condo community sits right along the Folly River.  It has gorgeous views from the family rooms and screened-in porches of the bottle nosed dolphin that play here, of the sailboats going by, the beautiful wildlife, birds, and sunrise/sunsets. Not to mention, with this location so close to the beach- it's an

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Here are some quick stats for the Charleston real estate market for the mid-year point of 2013:

  • The market is up compared to 2012 across the board (with a few exceptions) - # of homes sold, median sales price and $$ per sq ft. 
  • Closed Sales are up 23% over last year and up 35% over 2011.  Closed Volume is up 32% over 2012 and up 52% over 2011.  Median Sales Price is up 8% over 2012 and up 13.5% over 2011.
  • For the Tri-County area, below $350,000 there is more demand than supply, with generally a 3-4 month absorption rate.
  • Foreclosures for Charleston are down 24% from Jan through June vs. last year at the same time!

Year to Date 2013 Housing Market Data
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