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 [...]
September 12, 2011 – 10:27 am
August was another slow month for real estate transactions in Charleston. However, the total number of sales increased in most areas. Despite this positive increase, nearly all areas saw a drop in average list price and average sale price. Mount Pleasant (inside the IOP Connector) showed signs of improvement against July with median prices increasing [...]
August 27, 2011 – 8:36 am
In the midst of the housing crash demand for rental properties rose significantly, and now according to CNNmoney.com renting is more expensive than buying in 74% of the country’s 50 largest cities. Across the nation low housing costs and very low interest rates have played a major role in tipping the scale towards buying, however in a few [...]
August 25, 2011 – 8:32 am
Compared to July 2010, home sales in Charleston jumped 29% this July. A total of 829 homes sold last month, versus the 643 in July 2010. However, the median price fell about 8%, from $196,573 in 2010 to $180,000 in 2011 according to the Charleston Trident Realtor Association. Rob Woodul, president of the Realtors association, [...]
August 16, 2011 – 9:15 am
In general, July sales were up from the previous year, however, the average sales prices were down. July is a notoriously slower month in real estate sales and that trend continued this year. William Means had a successful July with sales scattered throughout Charleston. In addition to sales on the peninsula and Mount Pleasant, William [...]
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