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!
Mike Ciucci specializes in the Charleston SC real estate market. He has been a Charleston realtor for over 15 years, focusing on quality and attention to detail his clients have come to expect.