So, How Is the Market? June 2017
Charleston SC is doing very well economically and its population is growing steadily - our real estate market is simply a reflection of that.
Year to date, we are up 10% in terms of number of transactions - if we continue like this, 2017 will likely be the busiest year we’ve ever had.
Median price is up a modest 4.3% to $247,000. However, many specific areas are up much higher than that. Mount Pleasant continues to be a highly demanded area because of schools, amenities and the proximity to the beaches. The median price per square foot in Mount Pleasant is now over $200/sq.ft.
James Island is a favorite for those wanting to be close to Downtown Historic Charleston and the "hipster vibe" of Folly Beach. James Island prices have increased substantially in the last three years (see graph).
Summerville and Goose Creek areas are favorites amongst those with a lighter budget, who may be looking for new construction homes around $110/sq.ft. These areas are also popular for those working at Boeing, Bosch, Joint Base Charleston and soon to be employees at the new Volvo automobile plant being built in Ridgeville.
Hanahan is very popular for military relocations because of its proximity to Joint Base Charleston and the Navy Base. You can find older homes on larger lots, or new homes. Check out our new listing in Tanner Plantation.
West Ashley is popular for its central location. The median price per square foot in West Ashley is now around $160/sq.ft.
Johns Island used to be all rural, but it doesn't feel as rural anymore with all of the new construction projects popping up in different price points.
If you are relocating to Charleston in the near future and are overwhelmed by the different areas (they all have different "character"), please call us on 843-900-0155. We'll give you a free market overview and a free, no-obligation "tour" of the Charleston Metro Area, as long as you are not under contract with a Realtor.