Keller Williams Realty
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It's a Great Time to Buy in Mount Pleasant!

Posted By: Alan Donald In: Mt Pleasant Real Estate Market
Date: Fri, Nov 20th 2015 9:34 am

It's a Great Time to Buy in Mount Pleasant!

The Mount Pleasant residential real estate market has been on fire for the last three years. Mount Pleasant seems to be the "weathervane" to the Charleston Metro Area, as all the real estate trends seem to start here first, and then filter through to the rest of the sections of the city. 

The graph shows the Median Discount for Mount Pleasant compared to the whole Charleston MLS. As it can be clearly seen, the lines crossed back in October 2011, when Mount Pleasant's market started "heating up", and the rest of the area lagged - that is, until August of 2015, where the lines crossed again. This time the Charleston area as a whole became "hotter" than Mount Pleasant, which could mean that we have a slowdown coming our way. We just don't yet know how long this trend will last.

Wish to take advantage of this "market shift"? Call/text the Mount Pleasant experts at 843-900-0155.

Mount Pleasant home prices are still rising, demand is very strong and at about 3.8 months of inventory we are still clearly in a "seller's market". But the Mount Pleasant market seems to have "settled down" at a more sustainable growth rate, while other areas such as West Ashley, James Island and some areas in the Charleston Peninsula are the "hot" areas right now.  

The second table shows the stats by MLS Area as of October this year. 

Generally speaking, this is good news for buyers interested in purchasing a home in Mount Pleasant, as prices may be a little more negotiable in the coming months, and especially during the holidays.

The last table shows today's (11-20-15) "Hot Sheet" for Mount Pleasant. Note that the most activity was recorded in PRICE REDUCTIONS. This means there are some MOTIVATED SELLERS who may listen to your offers!

Wish to take advantage of this "market shift"? Call/text the Mount Pleasant experts at 843-900-0155.