I've linked the latest stats below. All areas from:
The good news is that overall number of transactions has increased by 15.2% year to date and median sales price has increased 1.9% year to date. The bad news is the year to date number of transactions was up 30% at the end of June and 20% at the end of July. It is still up 15.2% but seems to be dropping and likely headed for a 10% gain by the end of the year. We had 8100 closed transactions in 2009 and will likely have between 8800-8900 transactions in 2010. Overall inventory has dropped, but not significantly. We still have over 12 months of inventory.
More good news is that some specific MLS areas have significantly out-performed the overall market. I have noted these in green. I only do this for areas that have enough sales to be relevant.
Areas 21,22,25,32,42,44,51,52,63,73,and 77 were all out-performing in terms of number of transactions.
Areas 13,25,51,77, and 78 out-performed the market in terms of price.
On the other hand, some specific MLS areas significantly under-performed the overall market. I have noted these in red.
Areas 11,41,61,62,75, and 78 under-performed the market in terms of number of transactions.
Areas 31,32,42,44,52,61,72,75, and 76 under-performed the market in terms of price.
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.