May 14, 2012 – 11:49 am
April was another good month in luxury real estate sales across the Lowcounty. In most categories sales were either up or stayed the same versus the previous month and up versus the previous year. With interest rates continuing to be at record lows and buyers confident that the market is at the bottom, strong interest [...]
April 16, 2012 – 8:56 am
March was an extremely strong month for real estate sales and a banner month for William Means Real Estate. In nearly every luxury category and location the month of March exceeded the previous month and year. The real estate market continues to be strong as corrected pricing and low interest rates are meeting a large [...]
March 20, 2012 – 8:30 am
Spring has arrived early in February and the warmer weather has brought a tremendous amount of real estate activity! With the presidential primaries, Charleston saw a flood of media attention. The different luxury markets of Charleston saw a bit of flux as the numbers were a reflection of sales in December and January. The area [...]
February 15, 2012 – 9:39 am
The luxury real estate market softened in January as most of the surrounding areas saw negative numbers in sales versus the previous month and year. Although we had fantastic sales numbers in December, they simply did not translate into January. Given the amount of people who entered into real estate transactions toward the end of [...]
February 1, 2012 – 12:50 pm
South Carolina Realtors released an excellent video summery of the 2011 housing market. This statewide housing report is very optimistic about the new year and suggests the falling supply of housing combined with the rise in demand are great indicators for 2012.
January 16, 2012 – 9:08 am
Reviewing 2011 2011 was a year that again saw uncertainty in the economy and real estate. Many prognosticators, including William Means, believed that 2011 would be very much like 2010. Given all the economic uncertainty having a year of the status quo versus having the market go down was a welcome trend. In most areas [...]
January 12, 2012 – 9:46 am
The large number of homes under contract during October and November lead to impressive December sales numbers. Last month’s statistics indicate an increase in the number of sales in almost all areas versus the previous month and the previous year. This should be a strong signal for a continued improvement in the real estate market [...]
December 13, 2011 – 4:16 pm
The November numbers were slightly better year over year, however they came in at disappointing levels after the positive signs we saw in October. Mt. Pleasant (South of IOP Connector) was one area that followed the October trend and posted a few positive numbers. Mt. Pleasant saw strong gains in the number of home sold [...]
November 15, 2011 – 8:43 am
October provided a much needed positive boost to the luxury market in the Charleston area. After seeing a negative trend in the months of July, August, and September, October had mostly positive numbers versus the previous month and year. The number of properties sold at $500,000 or greater in the Tri-County area was up 34%. [...]
October 19, 2011 – 9:03 am
The luxury market continued to remain sluggish in September and total sales continued to fall versus the previous month. Sales prices also continued a downward trend versus the previous month and versus 2010. Decreasing inventory continues to be a positive trend because sold inventory helps to keep prices steady. A watchful eye will need to [...]
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