Market Update
Real estate here in Charleston is doing quite well. The number of year-to-date sales in 2018 is nearly identical to the same period in 2017, which was a record year. We will likely sell about 18,000 residential units this year.
The median price is up 6.7% to a record of $270,000 and many areas are above that figure. It is practically impossible to get a single family, detached home under $300,000 in Mt Pleasant or James Island. Average prices in both of those areas are over $200 per square foot. The median price per square foot in Summerville, Goose Creek, and North Charleston is usually above $115.
Infill developments and new homes are using vacant land at a high pace. New construction projects are abundant in all areas of Charleston, very noticeably on Johns Island and in Summerville and Ridgeville near the new Volvo Car manufacturing plant.
When's The Best Time to Sell?
Whether in a "hot" or in a "cold" market, there is a better time of the year to sell your home in Charleston, SC to get a higher market price.
Watch this short video to learn more: