Charleston Real Estate Statistics 
Statistics on the Charleston Real Estate Market.
There are currently 13 blog entries related to this category.
Good Morning America names Charleston in "Top 10 Cities for a Real Estate Bargain"
Monday, February 22nd, 2010 at 12:30pm. 58 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. 227 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. 125 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. 125 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. 114 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. 229 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. 307 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…
Charleston, SC Ranks #4 for Top 10 Cities in Us and Canada
Tuesday, July 28th, 2009 at 2:24pm. 232 Views, 0 Comments.
Travel and Leisure Magazine just came out with their best cities in the United States and Canada, and guess who came in at #4? You guessed it, Charleston, SC. The number one, two, and three spots were: New York, San Francisco, and Quebec City.
The magazine (with a circulation of a million) conducts a reader’s survey to get the results, and this year, Charleston got bumped up two spots from number 6 to number 4. Our sister city, Savannah, came in close at #7.
Still considering a move to Charleston? Please see our Charleston, SC MLS search page to view the best online home search website in Charleston.
New Home Sales up for June!
Tuesday, July 28th, 2009 at 9:00am. 166 Views, 2 Comments.
U.S. Commerce Department officials said Monday that new home sales jumped 11 percent last month. That’s better than analysts expected, and this marks the highest increase in 9 years for new homes. Expectations for last month were to have 360,000 sales, but luckily expectations were surpassed with 384,000.
The federal first-time homebuyer’s $8,000 tax credit and low interest rates have really helped to boost the somewhat struggling real estate market. Locally here in Charleston, June is typically one of the busiest months for the year, so any increase across the country is welcomed with open arms. This may help an otherwise potentially difficult winter. To see an increase like this across the country shows signs of growth and encouragement. David…
Carolina One Real Estate now #1 in Commercial Sales
Monday, July 20th, 2009 at 5:17pm. 192 Views, 0 Comments.
A long-term leader in the Charleston Real Estate market in residential sales, Carolina One is now on top for commercial sales as well. Closing 41 units since the beginning of 2008, Carolina One has now doubled its nearest competitor.
The broker of our commercial division has said that Carolina One has led Charleston, Dorchester, and Berkeley counties in the residential market since 1992, and has added commercial value over time, to get to where we are today. Carolina one is now leader in the market with a 25.1% market share, for those companies that sell residential and commercial real estate.
Since becoming an independent company apart from Prudential in May of 2008, Carolina One now has the flexibility to boost its competitive commercial efforts.
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