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 [...]
August 7, 2011 – 1:12 pm
South Carolina saw significant declines in foreclosure rates according to RealtyTrac’s midyear market report. All but two of the major metropolitan areas in South Carolina had lower foreclosure rates in the first six months of 2011 than in the same period of 2010. Charleston still had the highest rates of foreclosures in the state, however [...]
July 8, 2011 – 4:45 pm
All areas of sales showed a positive drop in inventory in June versus the previous year and William Means had a significant month of June with very significant sales. Tri-County over $500,000 The Tri-County had a decrease in overall sales versus the previous year. However, the homes sold had nearly a 22% increase in the [...]
June 17, 2011 – 9:45 am
According to the Charleston Trident Association of Realtors, sales volume grew by 4% to 804 homes sold in May and the median price increased by 3% to $179,945 compared to April. That marks three consecutive months of increased home prices in the area, though numbers continue to remain lower year-over-year. See year-over-year comparison in the [...]
June 10, 2011 – 10:30 am
Tri-County over $500,000 The Tri-County had a decrease in nearly all categories for residential homes sales over $500,000 from May of the previous year. Downtown – Inside of Crosstown Downtown – South of Broad While the number of homes sold remained consistent South of Broad the average sale price had a [...]
May 18, 2011 – 11:10 am
Tri-County over $500,000 Homes over $500,000 sold in the Tri-County had a decrease in the amount of sales from April 2010. However, the homes sold had increase in the average and median sale prices. Downtown – Inside Crosstown Downtown – South of Broad Homes in this area saw a significant reduction [...]
May 9, 2011 – 10:58 am
Simon Constable of the Wall Street Journal reviews why he and other experts believe this year may be the beginning of better times in the housing market.
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