Jan 19, 2015

South of Broad Living – Take a Look at the Market

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The South of Broad neighborhood in downtown Charleston had a banner year in 2014.  The total amount of sales came in at just over $179 million dollars.  That number is over a 20% increase from 2013 and a whopping 79% increase above 2012.  The good news continued as the median sales price for homes South of Broad saw an increase of 17.5%.  That means more homes were selling for even more money in 2014.  Another interesting point is that with sales increasing the number of listings coming on the market was at a slow pace.  This shows increased demand with limited inventory.
William Means assisted South of Broad buyers and sellers in over $44 million dollars of transactions with an average sale price of $2,008,806.  If you would like to find out how a William Means agent could help you buy or sell a home in the historic South of Broad area please call or e-mail us.


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