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

Homes for Sale in Summerville, SC

Even though we are in the midst of the beautiful holiday season, many still wonder what happened last month in real estate in Summerville! Hopefully, you are able to enjoy many of the Christmas events in Summerville. I have found these play a significant part of what makes homes for sale in Summerville  so desirable to those moving to our area.

We saw 300 homes for sale in Summerville sell after an average of 50 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 2017.  (Hear me explain why in The Fall Real Estate Market Update with Foster )

The average sales price for a home for sale in Summerville continues to climb upwards and averaged $258,362  last month, which is up eight percent compared to this time last year. According to our Summerville real estate market reports, we continue to hover at 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 13% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville is around $127/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.

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

Homes for Sale in Summerville, SC

After a down month in September, Summerville Real Estate returned to its normal strong numbers in the month of October. We saw 294 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 up by 14% from this time last year in 2017.  (Hear me explain why in The Fall Real Estate Market Update with Foster )

The average sales price for a home in Summerville continues to climb upwards and averaged $254,623 last month, which is up four 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 are hovering around 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 10% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville has risen to around $128/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.

Fall Real Estate Market Update with Foster Smith

Hello! Welcome to the fall market update! This is Foster Smith from Carolina One Real Estate. Coming to you from Charleston, South Carolina, the Tri-County area, specifically in Summerville.

How’s the market? Well, the market is like politics, it’s all local.

I put a house on the market last week. It was a $100,000 dollar investor property.  We had eight showings in six hours, and one full price cash offer. According to that transaction, the market is great!

However, a little higher up the market is not as strong. Interest rates are rising up and causing the higher market to slow down a bit. Inventory continues to be stubbornly low. We have about half as many houses on the market now as we had five years ago.

The question rises then, “What should I do? Should I list my home before the holidays? With Thanksgiving, Christmas and New Years, I don’t know if I  want to do that.  However, the market is such that the inventory is low. We have people that are coming that are actually motivated buyers. I personally have couples coming from Florida, North Carolina, Virginia, Massachusetts, in the next month. They are coming in to buy a house. And that is just me personally.

There’s still a lot of pressure on the market to buy which indicates maybe you should put your house on the market. If you’re in the market to sell, even in the Fall, with the holiday season,  it is a good time because we have a good motivated crop of buyers still looking.
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? 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.

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.