As we start 2021 with RECORD LOW inventory, it is important to note that not all the areas within the Charleston, SC metro area behave identically.
The table above shows the number of home sales that were Short Sales, Foreclosures and New Construction homes, by MLS area.
This table provides some interesting conclusions:
- In 2020, the overall number of sold homes was up by 17.5% from 2019;
- Foreclosures and short sales are almost non-existent (0.9% of sales);
- Although the number of new construction sales increased by 17%, builders are not keeping up with increased demand (inventory keeps falling); and
- Areas 63 (Summerville/Ridgeville) and 74 (Berkeley County-Jedburg Rd, Hwy 17A, College Park) account for a large percentage of new construction and saw significant increases in new construction sales from 2019.
Click HERE to book an online appointment with us.
Search Homes in Area 63 (Summerville/Ridgeville)
Search Homes in Area 74 (Berkeley County-Jedburg Rd, Hwy 17A, College Park)