QUICK FACTS ON THE CHARLESTON REAL ESTATE MARKET

Our market was generally healthier in 2010 than in 2009. Here are some facts for the Charleston MLS area that were recently published by the Charleston-Trident Association of Realtors:

No. of Closed Transactions: 8,649 (Up 5.2% from 2009)

Median Sales Price: $188,979 (Up 3.0% from 2009)

Average Sales Price: $266,106 (Up 4.7% from 2009)

Days On Market Until Sale: 107 (Down 4.8% from 2009)

• Single Family Detached: 106 days
• Condos/Townhomes: 146 days

Percent Achieved (Sales Price/Original List Price): 90.6% (Up 1/9% from 2009)

• New Construction: 96.0%
• Pre-Owned Homes 88.6%  

Months of Supply at Year-End: 10.9 (Down 18....

This new SHORT SALE listing is a 3 bedroom, 2 bath Duplex in The Gates @ Wescott Plantation, Summerville. It just needs a little TLC (paint, cleaning) and you could buy this home and end up paying less than rent! Dorchester II schools, easy access to Charleston International Airport and Boeing. 

Great for investor or owner-occupier with patience - short sale may take some time...

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Charleston’s Real Estate Market Demise. The Silver Lining.

Don’t look now but the sky is falling . . . all around you.  Massive federal usurping of private capital, falling home prices, rising unemployment, and a marked decline in our buying power and international regard have Chicken Little screaming from every television, radio, and neighbor’s fence post.  But hold on because  there is a silver lining.

Brayden Capital would like you to know that, once again, Chicken Little is dead wrong and the reports of our country’s (and Charleston’s) demise are greatly exaggerated.  Here are the positives that don’t get enough coverage:

The mortgage industry has seen a bloodle...

Trade mag: Charleston housing market on the mend

Reported by the Charleston Regional Business Journal's Daily Journal

The Charleston Trident Association of Realtors put together this video that describes the state of our metro residential real estate market:

The Charleston Area real estate market has experienced an important change in sales momentum. Fueled by low mortgage interest rates, improved housing affordability (lower home prices), the $8,000 Tax Credit for first-time home buyers and the prospect of increased employment with the future Boeing plant being built near the Charleston International Airport, year-over-year monthly sales (i.e. October 2009/October 2008) have shown increases for the past four months, for the first time since October of 2006!

As this chart shows, this "turn" in the market trend signals positive things to come for our real estate market. Higher monthly sales = accelerated inventory reduction = shorter time to ...