A Sellers Housing Market in Charleston, SC Right Now?
Posted by Mike Ciucci on
Where are the Best Areas to Purchase in Charleston?
Yes, you heard it correctly- Charleston, South Carolina is currently experiencing a 'Sellers Market' in some areas of Charleston. Where are the areas? What are the best deals?
Take a look at the illustration below. There are certain areas surrounding Charleston that are experiencing a 'sellers market'. For those that don't know- a balanced housing market in Charleston means that there is a 6 month inventory of homes for sale. This means that if NO new homes came on the market, it would take 6 months for the inventory of homes to sell at the current rate that which homes are selling.
For example, a 10 month supply of homes on the market would mean that it is a Buyers Market. A 4 month supply…
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Take a look at this prized home on 7 King Street, in the heart of Charleston, South Carolina. This home was built in 1905, but don’t let it’s age fool you- the current owners have undergone extensive renovations to the home, and it shows. Wonderfully appointed rooms and plenty of the modern fixtures and amenities that we love, but fine touches that also tie in with the historic charm that Charleston so tastefully boasts.
If you're looking for beachfront property on Folly Beach, look no further than this house. I'd like to preface this by saying that this is not my listing, but I just took a look at it yesterday and it’s quite a fantastic deal. It just came on the market this week. This home exemplifies beachfront living on Folly Beach. First of all, it's on the west end of Folly Beach, which is the quieter, more tranquil location on the barrier island. Second, the house is not a rental, but has been a second home for the current owners.
What an incredible home for two of our very special clients from Charlotte. They initially had wanted a 'second home' to get away from the hustle and bustle work they do out of state, and had honed in on a few different areas of consideration in Mount Pleasant, Kiawah, and Seabrook Island. Well, Seabrook Island won and they found one heck of a deal (and a foreclosure in great condition!).
March 26, 2012 - Charleston, SC - Carolina One New Homes has announced the signing of