Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? August 2019

Summer is winding down and we are ready with the Summerville Real Estate Stats for last month!  Here is what happened last month with homes for sale in Summerville, SC.

Summerville Real Estate Market Reports

According to our Summerville real estate market reports, we now have 16% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville has held steady at $270,295, which is 3%  up from this time last year.

We saw 314 homes for sale in Summerville sell after an average of 42 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 5% from this time last year in 2018.

We are still quite low with the months supply of homes for sale in Summerville  as the chart below indicates clearly.

We have 16% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville rose to $129/square foot last month.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? July 2019

July is here and we are ready with the Summerville Real Estate Stats for last month!  Here is what happened last month with homes for sale in Summerville, SC.

Summerville Real Estate Market Reports

According to our Summerville real estate market reports, we now have 16% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville crept up to $270,710, which is 6%  up from this time last year.

We saw 355 homes for sale in Summerville sell after an average of 44 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 25% from this time last year in 2018.

We are still quite low with the months supply of homes for sale in Summerville  as the chart below indicates clearly.

We have 16% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville held steady at $128/square foot last month.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? June 2019

Welcome to the Summer! June is here and the kids are almost out of school! The beaches and pools will be in high demand over the next few months just like homes for sale in Summerville!  Here is what happened last month with homes for sale in Summerville, SC.

Real Estate Market Conditions for Summerville, SC

According to our Summerville real estate market reports, we now have 17% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville crept up to $264,809, which is 5%  up from this time last year.

We saw 369 homes for sale in Summerville sell after an average of 47 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 6% from this time last year in 2018.

We are still quite low with the months supply of homes for sale in Summerville  as the chart below indicates clearly.

We have 17% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville moved back up to $128/square foot last month.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

What is the Average Price Per Square Foot in Summerville,SC?

Each month, I run a Summerville Real Estate Market Report showing the average price per square foot in Summerville, SC as well as the average sales price, days on the market and more.  These Market Condition Reports help show how significantly the average price per square foot has risen over the years in Summerville.  Notice the rise on the chart below over the last three years.

What Does “Price Per Square Foot” even mean?

I’ve had some clients ask what do you mean by “average price per square foot?”  This is a term in the real estate community that is arrived at by taking the price of the home for sale in Summerville and dividing it by the amount of usable square footage.  (Usable square footage includes the parts of the home that meet the requirements I wrote about over here How to Calculate the Square Footage of your Summerville Home.  You are not counting things like your garage, unfinished areas, screen porches etc.) For example, if you have a home that is 2000 square feet and sells for $200,000, the price per square foot is $100.

What is the Average Price Per Square Foot for a House in Summerville?

The Average Price Per Square Foot around Summerville

While the average price per square foot in Summerville of $126 takes ALL of the homes for sale in Summerville into account, each community and area has its own feel, amenities and offerings.

After twenty five years of selling homes in Summerville, I’ve seen these prices rise and fall but the average price per square foot in Summerville continues to rise steadily because of the wonderful area, homes and people that live in Summerville.

Please contact me at 843-974-6029 or Foster@HomesofSummerville.com if you are interested in buying a home for sale in Summerville or selling your Summerville home.

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? May 2019

Homes for Sale in Summerville, SC

Temperatures are rising and beach days are beginning to happen more frequently!  May is here and is bringing the summer weather with it! Here is what happened last month with homes for sale in Summerville, SC.

According to our Summerville real estate market reports, we now have 20% less homes for sale in Summerville then we did this time last year, however the average sales price for homes in Summerville has held steady and is only up 1% compared to this time last year.

We saw 310 homes for sale in Summerville sell after an average of 46 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 7% from this time last year in 2018.

As I mentioned earlier, the average sales price for a home for sale in Summerville is holding steady and averaged $254,983  last month, which is up one percent compared to this time last year. We are still quite low with the months supply of homes for sale in Summerville  as the chart below indicates clearly.

We have 20% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville went down to around $125/square foot last month.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? April 2019

Homes for Sale in Summerville, SC

Flowers are blooming everywhere and we are moving into the strength of the Spring Real Estate Market here in Summerville, SC! Here is what happened last month with homes for sale in Summerville, SC.

According to our Summerville real estate market reports, we have 15% less homes for sale in Summerville then we did this time last year, which has helped to drive the average sales price for homes in Summerville up 11% compared to last year.

We saw 322 homes for sale in Summerville sell after an average of 52 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 11% from this time last year in 2018.

The average sales price for a home for sale in Summerville continues to climb upwards and averaged $261,972  last month, which is up eleven percent compared to this time last year. We are still quite low with the months supply of homes for sale in Summerville  as the chart below indicates clearly.

We have 15% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville held at around $127/square foot last month.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? March 2019

 

Homes for Sale in Summerville, SC

With the temperatures warming up and Spring already knocking at the door, homes for sale in Summerville are warming up as well! Here is the full scoop on what happened last month in Summerville Real Estate.

As I highlighted last month,  30% of people moving to SC  are coming to retire,  this is causing 55+ communities to be built and at a quick pace. Last month, I toured homes for sale in Four Seasons at Lakes of Cane Bay   and the variety of the homes being built was impressive as well as the amenities and future planned amenities. Another popular 55+Community in Summerville is the Del Webb Nexton section of Nexton where I recently listed 160 Hedera Court for sale.

According to our Summerville real estate market reports, we have 15% less homes for sale in Summerville then we did this time last year, which has helped to drive the average sales price for homes in Summerville up 3% compared to last year.

We saw 221 homes for sale in Summerville sell after an average of 59 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 9% from this time last year in 2018.

The average sales price for a home for sale in Summerville continues to climb upwards and averaged $254,997  last month, which is up three percent compared to this time last year. We continue to hold steady right above 2 months supply of homes for sale in Summerville .

This lack of homes for sale in Summerville, SC continues to drive our seller’s market and Summerville prices up  continue to move up. We have 15% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville was around $125/square foot last month.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.