Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? October 2018

Summerville SC Real Estate Market Update

Last month we prepared as Hurricane Florence barreled toward the South Carolina coast and most of our area evacuated and life came to a standstill for around a week.  Many of us remember Hurricane Hugo in 1989 and the lasting impact it had on our town and lives. As a result, Summerville was quiet for many days during September. We are praying and working to support our neighbors further up the coast that did get the impact of the Hurricane this time around.

The break in September due to the Hurricane had a significant impact on real estate as the number of houses sold last month was down by 21 % compared to last year. We saw 238 homes for sale in Summerville sell after an average of only 40 days on the market. The number of days it takes for a home to sell in Summerville has gone down by 13% from this time last year in 2017.  The average sales price for a home in Summerville continues to climb upwards and averaged $265,782 last month, which is up nine percent compared to this time last year. According to our Summerville real estate market reports, we’ve dropped under 2.5 months supply of homes for sale in Summerville .

According to our Summerville real estate market reports, we’ve dropped under 2.5 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 11% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville has stayed around $124/square foot.

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.

Advertisements

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? August 2018

Homes for Sale in Summerville, SC

Last month we saw 403 homes for sale in Summerville sell after an average of only 36 days on the market! The number of days it takes for a home to sell in Summerville has gone down by 10% from this time last year in 2017.  The average sales price for a home in Summerville continues to climb upwards and averaged $258,435 last month, which is up nine percent compared to this time last year.

According to our Summerville real estate market reports, we’ve dropped under 2.5 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.  The average price per square foot in Summerville has risen to $125/square foot.

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 2018

Homes for Sale in Summerville, SC

Last month we saw 380 homes for sale in Summerville sell after an average of only 42 days on the market! The number of days it takes for a home to sell in Summerville has gone down by 16% from this time last year in 2017.  The average sales price for a home in Summerville continues to climb upwards and averaged $263,174 last month, which is up nine percent compared to this time last year.

According to our Summerville real estate market reports, we’ve dropped under 2.5 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.  The average price per square foot in Summerville has risen slightly to $124/square foot.

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 2018

Homes for Sale in Summerville, SC

Last month we saw 407 homes for sale in Summerville find new owners after an average of only 34 days on the market! The number of days it takes for a home to sell in Summerville has gone down by 8 % from this time last year in 2017.  The average sales price for a home in Summerville continues to climb upwards and sat at $254,508 last month and is up three percent compared to this time last year.

According to our Summerville real estate market reports, we’ve risen to 2.5 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.  The average price per square foot in Summerville has held steady at around $123/square foot.

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.

Time to Buy? Time to Sell? Summerville Market Update with Foster Smith

With home prices steadily increasing over the last six years in the Charleston and Summerville area, Foster answers the questions “Should I wait to buy?” and “Should I wait to sell?”

Should I wait to buy a home for sale in Summerville

Many people ask me this question wondering if the prices may go down.  I point them to the law of supply and demand. We are stubbornly low in the Charleston & Summerville Real Estate Market.  Currently, there are 5,269 homes for sale in the area; five years ago we had 12,000 houses for sale in the Charleston area.  Prices have been going up for the last 6 years and continue to do so. Which leads my clients to the follow up question…

Should I wait to sell my home for sale in Summerville?

Well, if prices are going up, then shouldn’t we wait to sell our home? My answer to this is a strong “Maybe.”  While prices are rising, the interest rates are also going up, which narrows the window of people who will qualify to buy your house and have the means to do so.

Each home, family and situation is specific and there is no right answer for everyone. This is why I like to talk with my clients and discuss what the right step for them will be. I have counseled many people to wait a year, others to list immediately. My goal is for you to have the best possible outcome when it comes to selling and buying a home.

Please give me a call at 843-974-6029 to discuss your home, or fill out this form for a quick look at what your home might be worth. To start shopping and looking at homes for sale in Summerville right away, hop over to my website to browse homes for sale.

Look forward to hearing from you!

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? May 2018

Homes for Sale in Summerville, SC

Last month we saw 343 homes for sale in Summerville find new owners after an average of 44 days on the market. The average sales price for a home in Summerville continues to climb upwards and is up seven percent compared to this time last year.

According to our Summerville real estate market reports, we’ve risen to 2.5 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.  The average price per square foot in Summerville has risen to $123/square foot.

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 2018

Homes for Sale in Summerville, SC

Last month we saw 302 homes for sale in Summerville find new owners after an average of 42 days on the market. The average sales price for a home in Summerville continues to climb upwards and is up seven percent compared to this time last year.

According to our Summerville real estate market reports, we’ve risen to 2.5 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.  The average price per square foot in Summerville has risen to $123/square foot.

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.