• The Alan Donald Team at Keller Williams Realty
  • (843) 900-0155
  • Register
  • Login
Logo
  • HOME
  • SEARCH
  • 55+
  • PROBATE
  • SELL
    • How Much Is My Home Worth?
  • BUY
    • SUBDIVISIONS
    • MOBILE APP
    • First-Time Home Buyers
    • New Construction
    • Foreclosures & Short Sales
    • Retiring In Charleston
    • Investors
  • BLOG
  • INFO
    • About Us
    • Charleston Zip Codes & MLS Areas
    • TESTIMONIALS
    • Privacy Policy
    • Our YouTube Channel
    • About Our Team
    • Charleston Area Info
    • Areas/Neighborhoods
      • Daniel Island
      • Mount Pleasant
      • Summerville
      • Downtown Charleston
    • Subdivisions
    • Buying A Home After Bankruptcy
    • Foreclosure
    • Finance
    • Real Estate Glossary
  • CONTACT
  • ESPAÑOL
  • HOME
  • SEARCH
  • 55+
  • PROBATE
  • SELL
    • How Much Is My Home Worth?
  • BUY
    • SUBDIVISIONS
    • MOBILE APP
    • First-Time Home Buyers
    • New Construction
    • Foreclosures & Short Sales
    • Retiring In Charleston
    • Investors
  • BLOG
  • INFO
    • About Us
    • Charleston Zip Codes & MLS Areas
    • TESTIMONIALS
    • Privacy Policy
    • Our YouTube Channel
    • About Our Team
    • Charleston Area Info
    • Areas/Neighborhoods
      • Daniel Island
      • Mount Pleasant
      • Summerville
      • Downtown Charleston
    • Subdivisions
    • Buying A Home After Bankruptcy
    • Foreclosure
    • Finance
    • Real Estate Glossary
  • CONTACT
  • ESPAÑOL

Charleston SC Real Estate Shows Strong Sales Activity YTD

  • ← 3 Questions to Ask Before Buying Your Dream Home
  • Events, News & Activities in Charleston, SC - October 2016 Edition →
Posted By Alan Donald @ Oct 12th 2016 9:48am In: Charleston Real Estate

Charleston SC Real Estate Stats - Oct. 2016

The Charleston Area continues to show a strong performance compared to 2015. Year-to-date, we are up 10.5% in number of transactions (we will close well over 16,000 transactions this year - it will either be the best or the 2nd best year ever in our history). However, real estate is hyper-local: Not all areas of the Charleston SC Metro are behaving equally!
Click image to enlarge chart. 
Charleston SC Real Estate Stats YTD 2016 Q4
Our Median Price is up to $244,000, a 5.1% increase over 2015. That's an all time high, but still slightly below the trend line on the 1991-2015 chart (see below - click to enlarge). Which leads us to believe that there is still more appreciation to come. 
Charleston Median Home Price Trend Line
These MLS areas look robust in both number of transactions and median sales price: 12, 23, 26, 41, 42, 72, 73 and 74
Area 77 (Daniel Island) is looking poorly in both categories.
Areas 11-12, and 71-74 are all in the top 8 on the Months of Inventory (Absorption - supply vs. demand) chart (see below, click to enlarge)
There are actually 18 MLS areas with less than 4 months of inventory hose are all strong seller's markets.
The rural areas and the resort islands are still over-supplied and behaving as buyer's markets.
Charleston Real Estate Supply & Demand
Bottom line
For buyers:
  • If interested in property on the barrier islands, take advantage of excess supply - THIS IS THE TIME to buy!
  • In the "hotter" areas: Be well prepared to act quickly and deal with possible multiple offers

For sellers:

  • In high supply areas: Be prepared to lower your price aggressively and negotiate with any offer. Time is not on your side until supply gets balanced with demand. 
  • In "hotter" areas. It's an IDEAL time to sell for top market price! But prepare your home the best way possible. Only the best groomed people get invited to the prom.

For professional, experienced advice on buying, selling and investing in real estate give us a call on 843-900-0155. Most of our business comes from past clients and people who know us. We value long-term-relationships.


Print This Post Email This Post
Share on Social Media:
Tags: current inventory, charleston area real estate, south carolina, charleston real estate trends, demand, supply

Comments have been closed for this post.
Please contact us if you have any questions or comments.
  • ← 3 Questions to Ask Before Buying Your Dream Home
  • Events, News & Activities in Charleston, SC - October 2016 Edition →
  • Find Property
Search Detailed Search
For Buyers
For Sellers

Testimonials

We are proud to say that a very high percentage of our business comes from past clients and personal referrals. Here are a few testimonials from clients or allied resources that will give you an idea of the kind of service we provide. For more "visual" video testimonials, check out our YouTube Channel

Subdivisions

  • Daniel Island
  • Mount Pleasant
  • Summerville
  • Downtown Charleston
  • Goose Creek
  • Hanahan
  • Isle of Palms
  • James Island
  • Johns Island
  • Kiawah & Seabrook
  • North Charleston
  • Sullivans Island
  • West Ashley

Resources

  • Lifestyle
  • History
  • Arts, Culture & Tourism
  • Demographics & Statistics
  • K-12 Schools
  • Higher Education
  • Hospitals & Health
  • Local Area Governments & Utilities
  • Taxes
  • Sports
  • Hotels & Restaurants
  • Cool Places
  • Parks & Recreation
  • Places of Worship

About Us

The Alan Donald Real Estate Team at Keller Williams Realty is a group of professional, full-time REALTORS, consultants and service professionals specializing in residential real estate sales and services for the Charleston. SC Metro Area.

Read More...

Blog Posts

Why Not to Wait Until Spring to Make a Move
Tue, Jan 5th 2021 1:04 pm

New 55+ Listing in Elms of Charleston
Fri, Jan 1st 2021 4:19 pm

Charleston in the News - January 2021 Edition
Fri, Jan 1st 2021 10:05 am

What's Happening in Charleston - January 2021 Edition
Fri, Jan 1st 2021 10:00 am

Charleston in the News - December 2020 Edition
Tue, Dec 1st 2020 12:05 pm

View More +

Blog Categories

  • All Categories (1266)
  • General (37)
  • Sellers (59)
  • Alans Listings (144)
  • Belle Hall Plantation (18)
  • Boeing (3)
  • Buyers (72)
  • Charleston (58)
  • Charleston Real Estate (80)
  • Daniel Island (22)
  • Events (66)
  • First Time Home Buyers (11)
  • Flood Insurance (1)
  • for sale (4)
  • For Sale By Owner (2)
  • Foreclosures (19)
  • Goose Creek (2)
  • Green Building (1)
  • Hanahan (2)
  • Home Care Tips (1)
  • Home Marketing (3)
  • Home Tips (1)
  • Humor (1)
  • Insurance (6)
  • International Real Estate (2)
  • Investors (7)
  • Isle of Palms (8)
  • James Island (3)
  • Ladson (1)
  • Land (2)
  • Legal (2)
  • Luxury Homes (16)
  • Market Opportunities (20)
  • Millenials (1)
  • Mortgages (43)
  • Mount Pleasant Listings (135)
  • Mt Pleasant Real Estate Market (53)
  • Negotiations (5)
  • Neighborhoods (3)
  • New Construction (7)
  • New Listings (132)
  • New Technology (1)
  • Newsletters (35)
  • North Charleston Listings (1)
  • Open Houses (1)
  • Personal Finance (4)
  • Probate (3)
  • Real Estate (98)
  • Rehabbing (1)
  • Renters (4)
  • Retirement (12)
  • Schools (2)
  • Senior Living (2)
  • Short Sales (11)
  • Spanish (1)
  • Sullivans Island (4)
  • Summerville Listings (10)
  • Taxes (7)
  • Technology for Real Estate (1)
  • Testimonials (6)
  • Vacation Rental (1)
  • Waterfront (8)

Blog Archives

  • January 2021 (4)
  • December 2020 (2)
  • November 2020 (4)
  • October 2020 (5)
  • September 2020 (4)
  • August 2020 (7)
  • July 2020 (2)
  • June 2020 (6)
  • May 2020 (5)
  • April 2020 (5)
  • March 2020 (2)
  • February 2020 (7)
  • January 2020 (3)
  • December 2019 (5)
  • November 2019 (5)
  • October 2019 (8)
  • September 2019 (9)
  • August 2019 (6)
  • July 2019 (2)
  • June 2019 (5)
  • May 2019 (4)
  • April 2019 (3)
  • March 2019 (8)
  • February 2019 (7)
  • January 2019 (6)
  • December 2018 (7)
  • November 2018 (6)
  • October 2018 (8)
  • September 2018 (4)
  • August 2018 (7)
  • July 2018 (6)
  • May 2018 (7)
  • April 2018 (7)
  • March 2018 (8)
  • February 2018 (8)
  • January 2018 (7)
  • December 2017 (7)
  • November 2017 (7)
  • October 2017 (2)
  • September 2017 (2)
  • August 2017 (5)
  • July 2017 (3)
  • June 2017 (3)
  • May 2017 (3)
  • April 2017 (7)
  • March 2017 (4)
  • February 2017 (7)
  • January 2017 (6)
  • December 2016 (10)
  • November 2016 (5)
  • October 2016 (5)
  • September 2016 (2)
  • August 2016 (6)
  • July 2016 (12)
  • June 2016 (7)
  • May 2016 (12)
  • April 2016 (10)
  • March 2016 (1)
  • February 2016 (7)
  • January 2016 (7)
  • December 2015 (4)
  • November 2015 (7)
  • October 2015 (16)
  • September 2015 (3)
  • August 2015 (7)
  • July 2015 (6)
  • June 2015 (6)
  • May 2015 (5)
  • April 2015 (6)
  • March 2015 (5)
  • February 2015 (6)
  • January 2015 (1)
  • December 2014 (1)
  • November 2014 (5)
  • October 2014 (4)
  • September 2014 (1)
  • August 2014 (2)
  • July 2014 (7)
  • June 2014 (6)
  • May 2014 (1)
  • March 2014 (3)
  • January 2014 (12)
  • December 2013 (3)
  • November 2013 (3)
  • October 2013 (21)
  • September 2013 (8)
  • August 2013 (5)
  • July 2013 (28)
  • June 2013 (17)
  • May 2013 (11)
  • April 2013 (9)
  • March 2013 (20)
  • February 2013 (22)
  • January 2013 (11)
  • December 2012 (1)
  • November 2012 (27)
  • October 2012 (18)
  • September 2012 (1)
  • July 2012 (44)
  • June 2012 (54)
  • May 2012 (39)
  • April 2012 (20)
  • March 2012 (38)
  • February 2012 (40)
  • January 2012 (21)
  • December 2011 (50)
  • November 2011 (11)
  • October 2011 (4)
  • September 2011 (6)
  • August 2011 (11)
  • July 2011 (3)
  • June 2011 (12)
  • May 2011 (16)
  • April 2011 (13)
  • March 2011 (38)
  • February 2011 (8)
  • January 2011 (1)
  • December 2010 (1)
  • November 2010 (2)
  • October 2010 (2)
  • September 2010 (2)
  • August 2010 (2)
  • July 2010 (4)
  • June 2010 (3)
  • May 2010 (6)
  • April 2010 (7)
  • March 2010 (10)
  • February 2010 (12)
  • January 2010 (10)
  • December 2009 (5)
  • November 2009 (10)
  • October 2009 (13)
  • September 2009 (15)
  • August 2009 (13)
  • July 2009 (19)
  • June 2009 (13)
  • May 2009 (24)
  • April 2009 (5)
  • March 2009 (1)

Contact Info

The Alan Donald Team at Keller Williams Realty
496 Bramson Ct. Suite 200
Mt. Pleasant SC 29464

Office: (843) 900-0155

alan@alandonald.com

Quick Links

  • Brickyard Plantation
  • Hamlin Plantation
  • Dunes West
  • Sweetgrass
  • Belle Hall
  • Park West
  • Snee Farm
  • Longpoint
  • Charleston National
  • Seaside Farms
  • Old Village
  • Rivertowne
  • I´On
  • Ravens Run

Recent Posts

Why Not to Wait Until Spring to Make a Move
Tue, Jan 5th 2021 1:04 pm

New 55+ Listing in Elms of Charleston
Fri, Jan 1st 2021 4:19 pm

Charleston in the News - January 2021 Edition
Fri, Jan 1st 2021 10:05 am

What's Happening in Charleston - January 2021 Edition
Fri, Jan 1st 2021 10:00 am

Charleston in the News - December 2020 Edition
Tue, Dec 1st 2020 12:05 pm

View More +

New Listings

  • Today 67
  • January 17 14
  • January 16 35
  • January 15 101
  • January 14 101

© 2021 The Alan Donald Team | Keller Williams Realty Charleston-Mt Pleasant | Sitemap
Real Estate IDX Hosting by Dynamic IDX, LLC.
Website Designed by TinyMinute

Login



Create Profile   Lost Password?