Buying a home in Charleston, SC.

Let’s take a look at the “solds” for the different areas around Charleston for May.  These are all single-family homes sold from May 1st through May 31st, 2009.  I’ve taken this data directly from the Charleston MLS, so here they are:

5/1/09-5/31/09
Summerville (and rural):  133
West Ashley (and rural):  66
Goose Creek:  60
Mt. Pleasant:  57
North Charleston:  44
James Island:  34
Hanahan:  17
Downtown Charleston:  14
Johns Island:  14
Kiawah & Seabrook:  8
Isle of Palms:  6
Daniel Island:  5
Edisto Beach:  3
Folly Beach:  2
Sullivans Island:  0


Summerville and Goose Creek basically topped out all of the areas around Charleston.  Those 3 areas have some really great homes for the dollar, and your money will go far since it is a little farther from downtown and the…

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housesfallingWith all the talk about the economy, the weakening dollar, and home values plummeting, you’d think the sky is falling.  Never mind that our local real estate market here in Charleston is on the rise!  Home sales are up for existing homes, as well as new construction in Charleston.  Market activity has increased.  Sales have increased.  I have been very busy lately, and my entire office is excited.  It’s infectious!

So why is now the right time to buy?  Well, for one, interest rates are basically the lowest we’ve seen.  Trust me, THIS WILL NOT LAST.  Interest rates and home values typically operate opposite of one another.  If interest rates are up, home values are down.  If home values are up, interest rates are down.  But for the first time, home values…

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