Charleston Real Estate Statistics 
Statistics on the Charleston Real Estate Market.
There are currently 16 blog entries related to this category.
Charleston SC Real Estate Statistics Update
Friday, August 13th, 2010 at 9:50am. 87 Views, 0 Comments.
This is an update for the statistics in the Charleston real estate market from January-July '09 and '10.
-Attached is the monthly update of MLS stats. Overall, comparing Jan-July 09 versus '10, we are seeing about an 18% increase in transactions and about a 2% increase in price. The year to date numbers for transactions looks good, but it is now falling from it's high last month of 29% and will continue to do so since the tax credit is gone. 2010 will probably end up with just a few more transactions than 2009, certainly again below 9000 transactions.
-Also indicated in green and red are the numbers that were significantly different than the overall market numbers. This was only done for areas that have enough transactions for the percentages to be…
An update to the Charleston, SC Real Estate Market
Friday, April 30th, 2010 at 1:34pm. 188 Views, 0 Comments.
Here are some random thoughts on the market. Instead of just keeping them to myself, I wanted to share. Sorry for the short, rambling thoughts...
Good news:
First quarter 2010 statistics:
MLS sold units are up 10.3%
1591 homes
New listings are up 5.3%
Active inventory (homes on the market) 3/31 is down 6.4% (great!)
9,036 – lowest in 4 years
Supply and demand ratio improving
Still needs to be half – 15 months supply
Won’t happen for awhile – REOs and Short Sales
Prices
National media positive for Charleston
Lifestyle, new jobs
First quarter compared to 2009
Average sales price - $275,000 – up 9.1%
Median sales price - $189,000 – up 4.7%
On surface, positive news but let’s understand the numbers
Not address to address appreciation … impacted by
some exceptional values in…
February Home Sales up 22% for the Charleston Region
Tuesday, March 23rd, 2010 at 7:10am. 122 Views, 0 Comments.
According to new data from the Charleston Trident Association of Realtors, homes sales were up 22% in February over last year for the Charleston, SC region. A total of 509 homes sold in the Charleston area, and this was up from last year’s number at 417 in February of ’09. The Tax Credit seems to be pushing these numbers.
The median home sales priced did not change much, it was at $179,900 for this February and last year’s was $179,450. Since the beginning of the year, 851 homes have sold in the Charleston area, while 789 sold last year in the same timeframe. That’s an increase of 10%. The median sales price since January is up 5% over what it was last year.
Among the Tri-County area, Charleston County led in price increases and volume for…
Good Morning America names Charleston in "Top 10 Cities for a Real Estate Bargain"
Monday, February 22nd, 2010 at 12:30pm. 178 Views, 0 Comments.
Zillow.com and Good Morning America revealed what they've deemed as the "Top 10 cities to bargain for a house". Zillow said several factors were used to determine the cities mentioned including "where buyers were able to negotiate the biggest discount off of the list price".
Here are the Top 10 Cities:
The #1 example in Naples cited buyers having a full 7% off of list price in home sales.
A Look at Belle Hall Subdivision in Mount Pleasant, SC
Friday, January 8th, 2010 at 2:48pm. 375 Views, 0 Comments.
I've been showing a lot of property in the Mount Pleasant subdivision of Belle Hall recently, so I thought I'd share some of the statistics and information for the neighborhood. If most of you don't know about this great Mount Pleasant community, it's becoming more and more popular. Because of the fantastic location to downtown Charleston and the Sullivans Island and Isle of Palms beaches, Belle Hall is quickly becoming a favorite for those retiring to Charleston, or those that would like to move up into a better location and quality of home.
Belle Hall is a newer neighborhood with a few different subsections. The most affordable subsections (and older) were built in the 90’s and are priced between 200K and 300K. Some of the newer subsections are built…
Video Blog on the Latest Charleston Market Info
Friday, December 18th, 2009 at 9:28am. 226 Views, 1 Comments.
Updates on the Charleston Real Estate Market
Here is some updated information on the extended Home Buyers Tax Credit, as well as some statistics on how the Charleston real estate market performed as a whole for the end of 2009. Don't forget, the First Time Home Buyers Tax Credit has been extended until April 30th, 2010.
Play the video to take a look at what the Tax Credit did for home sales in October. Pretty staggering, really. Signed purchase agreements were up 67.8% in October from a year ago.
Video provided by the Charleston Trident Association of Realtors.
Is the Charleston Real Estate Market Getting Better?
Tuesday, December 1st, 2009 at 10:35am. 199 Views, 1 Comments.
The Charleston real estate market has been in a slump for the past four years...When will this trend end?
Well, there is not going to be a clear-cut, definitive turnaround if you're looking for one. Real estate, which has traditionally been a solid investment, has been jittery (at best), right along with every other market. There isn't going to be a solid, radical change in direction in the Charleston real estate market in the immediate future. There are just too many foreclosures and short sales coming up on the market, which are still keeping home values down. While home values nearly doubled from 2000 to 2006, the average has fallen somewhere around 30% in most Charleston areas.
But are things getting better?
The Charleston real estate market has…
Real Estate Statistics for Downtown Charleston (The Peninsula)
Friday, November 20th, 2009 at 1:13pm. 200 Views, 1 Comments.
I have been showing a lot of property in downtown Charleston on the Peninsula lately, and have noticed things seem to be a bit slow. I was showing a property to some clients of mine and the listing agent had told me a surprising statistic. She mentioned that downtown Charleston, on the Peninsula, has seen an increase in the volume of homes selling for the last 3 years. She also mentioned that the Peninsula alone had a market entirely on it's own, outside of the rest of Charleston. While I agree with her that the Peninsula has it's own market independant of other Charleston areas, I was floored that the market on the Peninsula saw an increase for the last 3 years.
I decided to delve further into the MLS and find out for my self the performance of the…
Market Update for Charleston, SC Real Estate
Tuesday, September 29th, 2009 at 12:07pm. 317 Views, 3 Comments.
The expiration of the federal tax credit for first-time homebuyers still seems to be spurring activity in the Charleston market. Pending sales were up 23.8% in August, which marked the largest increase in pending sales since 2005.
There are fewer new listings on the market, with 1,583 new listings in August, which is a 6.8% decrease from last August 2008. This is great news, which means less housing inventory to absorb.
Prices are still in decline, showing a 5.2% drop from last August 2008. However; this is a smaller decline than seen in prior months, indicating that prices may be a little stronger...slightly.
Here are some visual market stats for you, taken from the Charleston MLS:
Good News, Pending Home Sales Up...Again
Wednesday, September 9th, 2009 at 9:20am. 483 Views, 1 Comments.
Good news in a sluggish economy- Pending homes sales increase. A NAR (National Association of Realtors) Pending Home Sales index reported more pending homes sales in July than in June. The NAR index, making its sixth straight increase, showed an increase of 3.2% in July, the quickest climb since the group starting tracking the market 10 years ago. This was up 12% from July's '08 level. This reading has far exceeded forecasts of economists that were surveyed. The first-time homebuyers tax credit is cited as the major reason for this trend. The NAR index also shows that the West out-performed the Northeast and Midwest, jumping over 12% in July, and that the South also did well.
This increase was much better than the 1.5% increase economists were…
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