Charleston Real Estate Statistics 
Statistics on the Charleston Real Estate Market.
There are currently 28 blog entries related to this category.
Is the Charleston Real Estate Market Normalizing?
Monday, February 6th, 2012 at 2:56pm. 50 Views, 0 Comments.
Great News for Our Local Charleston Real Estate Market
This graph is terribly difficult to view, so PLEASE DOWNLOAD THE PDF HERE TO VIEW. Let me first state that the average normal market sees a 6 month supply of homes on the market. That means, with no new homes coming on the market- it would take 6 months for the current inventory of active homes to sell.
Basically, what this chart is showing is that there is a price range from $0 to $399,000 that have a 6 to 7 month inventory. But I thought the real estate market in Charleston was gloomy? That couldn't be further from the truth. The market here is beginning to normalize.
More Great Charleston Real Estate Statistics for the Past Few Years
Wednesday, January 18th, 2012 at 9:44am. 139 Views, 1 Comments.
Here is the Statistical Summary for 2011 MLS Tri-County Residential data. The Tri-County report shows that the number of Closed Homes (8,953) increased 5.3% in 2011 compared to 2010, and increased by 11.7% compared to 2009. At the same time, New Listings Taken has decreased by 16.3% over 2010.
The Median Sales Price dropped from $189,215 in 2010, to the 2011 level of $183,000, or a 3.3% decrease. The Median Sales Price, just 10 years ago in 2002, was $156,000 or a 17% increase in that time period.
I am also attaching the Housing Appreciation Supply & Demand for the past 10 years, which shows the number of New Listings Taken for each year as compared to the number of Homes Closed each year. The graph shows, visually, when area real estate was a Buyer's…
Recent Sales in The Charleston Real Estate Market Are Up
Thursday, January 12th, 2012 at 11:34am. 130 Views, 0 Comments.
Charleston Home Sales Up in Last 4 of 5 Months
Homes sales have increased vs last year in the latest Charleston statistical data. This is great news for homeowners as this obviously means more buyer activity. Not only that, but the existing number of active homes on the market have decreased once again- making for an even more healthy overall real estate market in Charleston.
The results could potentially be even better. Don't forget that the Home Buyers Tax Credit expired last year in June, making for an abnormally high amount of sales for those number of months in 2010.
Number of active homes on the market are down (great), number of buyers purchasing in Charleston are up (great), but also keep an eye on home values. I'm seeing some pockets in…
Charleston Real Estate Statistics: '09 vs '10 vs '11
Tuesday, November 8th, 2011 at 9:34am. 197 Views, 0 Comments.
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 Real Estate Market Update
Tuesday, October 18th, 2011 at 7:41am. 161 Views, 0 Comments.
Random Thoughts and Statistics for this Charleston Real Estate Market
Here are some statistics for you regarding the different areas surrounding Charleston. Remember- every market is different, and every market in each area surrounding Charleston is also different.
Random stats from last week:
- 165 residential properties under contract past wk. Great buying activity for time of year. But prices continue to fall (like the rest of the real estate markets around the country).
- 136 single family homes under contract past wk. Median LIST price $180k(low), $94/sqft. 25 under $100k. 7 over $1M.
- 37(27%) of 136 single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
- 17 island single family homes under contract past wk:…
When is the Real Estate Bottom Going to Arrive in Charleston SC?
Friday, June 17th, 2011 at 11:31am. 528 Views, 2 Comments.
I get a lot of real estate questions during work, at dinner parties, at kid’s birthday parties, from friends, from family- about the current real estate market here in Charleston. The number 1 question that I’ve been getting lately is:
When are we going to see the bottom?
Well, if I had a dollar for every time I’ve heard that question. The short answer is: I don’t know, but it could be now, depending on other factors, or your current situation. I want to put something out there that I hope you buyers will take into account when considering purchasing at “the bottom”. Know that every person’s situation is different when timing the market- but let’s look at one factor. Do not only think in terms of home values when determining “the bottom”, but…
First Quarter 2011 Charleston SC Real Estate Statistics
Tuesday, April 26th, 2011 at 11:38am. 485 Views, 1 Comments.
Charleston Real Estate Statistics for 2011 (Video Blog)
Top 10 Most Expensive Homes Sold in Charleston for 2010
Wednesday, March 30th, 2011 at 11:21am. 1166 Views, 4 Comments.
There certainly are some unique and incredible properties in the Charleston, SC area. We have such a fantastic city rich in history and culture, all while being along the Atlantic Ocean. I thought this might be quite interesting to show you the most expensive homes that have sold in the Charleston SC area for 2010. So here they are, the top ten most expensive homes sold in Charleston, SC for the 2010 year. Which one is your favorite?
#10 78 East Bay St. This is the only townhouse or condo on our list. This townhome is located South of Broad on the Charleston Peninsula, downtown. The home was built circa 1800. Waterfront views and breezes from the Charleston Harbor. This townhome was listed at $3,750,000 and sold for 3.3 million. It had been…
Video Blog for Charleston 2010 Real Estate Statistics
Thursday, January 27th, 2011 at 4:22pm. 445 Views, 0 Comments.
How did the Charleston Market Fare for 2010?
It was a difficult market in 2010, but it showed to be a little better than 2009. I've had a lot of very successful buyers that have made great decisions in 2010. If you're selling in 2011, call us so we can share our opinion (and what not to do) for the up and coming year.
The Bottom of the Charleston Real Estate Market Just Passed You By...
Monday, November 8th, 2010 at 8:57am. 458 Views, 0 Comments.
If you're waiting to pull the trigger on purchasing real estate as a buyer here in Charleston SC, should you consider buying now instead of later? I've found some interesting numbers this morning from the Charleston MLS. The numbers speak for themselves. We have a surplus in sold properties in almost every price range for this year, compared to last year.
But now? In this economy? Yes.
But lets not forget, the tax credit certainly helped boost along what
would otherwise be a dreary first quarter (and last year's November and
December were strong, which are not represented in this report). But
this is certainly interesting, and we'll have to see how the rest of the
year plays out. I'll do another report at the end of the year for a
look at…
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