Charleston Real Estate Market Update - June 2016 Edition
(click graphs to enlarge)
This year's real estate market continues to outperform 2015.
Last year was the first time we ever experienced over 400 properties going under contract in one week, and it happened only 4 times in the whole year. This has already happened 8 times this year and we are only halfway through!
Buyers in many areas are experiencing multiple offers and may have to pay full price or above. Some of the "hottest" areas in Charleston include James Island, West Ashley and Hanahan. Mount Pleasant and Daniel Island under $500K are also undersupplied. However, between $600K and $1M we have recently seen a decrease in showings.
Although the median price in Mount Pleasant is approaching @200 per square foot approaching $200/sq.ft., it continues to be the most popular area in Charleston.
Price conscious buyer can find great new homes with hardwood floors and granite counters can be found for around $100 per square foot in the Summerville and Goose Creek areas.
Charleston is growing fast with Boeing, Volvo and digital/software companies continuing to bring in new employees all the time. Blackbaud just announced it's expanding. building new headquarters on Daniel Island and hiring another 300 people.
No wonder - Charleston SC a wonderful place to live!
Looking to Buy? Our team provides real estate services to all kinds of buyers: From first time home buyers, to move-up buyers, downsizing retirees, out-of-town 2nd home buyers, rehabbers and investors. We've got the expertise, local market knowledge and the appropriate contacts in this market to help our clients experience a wonderful real estate transaction. Call us today on 843-900-0155 to schedule a Buyer Consultation!
Looking to Sell? Our team combines experience and state-of-the-art marketing to promote our listings and get them sold for top market price in the least amount of time. Call 843-900-0155 Or click link to get a quick, online ESTIMATE OF CURRENT VALUE for your home.
Please contact us if you have any questions or comments.