Middle of the Year Market Update for Real Estate in Summerville & Charleston, SC

We’ve reached July and it is time to find out how the Charleston and Summerville Real Estate Market is stacking up compared to last year.  Foster shares in two minutes about the Charleston market..

Statistics for the Tri-County area (Dorchester County, Charleston County & Berkeley County)  from January to June 2014.

  • Closed Sales – Up 6%
  • Median Price– Up 9%
  • Price per square foot– Up 6% to $141/square foot

Statistics for Summerville, SC  from January to June 2014.

  • Closed Sales – Up 4%
  • Median Price– Up 5%
  • Price per square foot– Up 7% to $90/square foot

 

Across the board, the Charleston Real Estate numbers are up and indicative of a strong market.  The Charleston housing inventory is relatively static right now and not as plentiful as it was making it a good time for sellers to jump in with their homes.  The interest rates are still hovering around 4.5 percent, so buyers are still getting great deals as well.  In conclusion, if you are interested in selling your Summerville home or buying a home in Charleston, SC or buying a home in Summerville, SC…give me a call or email!  I look forward to helping you find a great investment for your needs.

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