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.

Should I Sell My Summerville Home in The Fall?

Homes for Sale in Summerville, SC

Fall is always a time of year where people are unsure of whether they should place their home on the market. I often am asked, “Is it a good time to place my home for sale in Summerville? ” There are a number of factors to think about when you make that decision.

1.Motivated Buyers

During the fall, you are interacting with a select group of buyers who are very motivated and not just “kicking the tires.”  I personally have four different families coming to look at homes this month and all of them want to finish their home shopping time with a signed contract.  The buyers that are out looking at homes for sale in Summerville in the fall and winter are ready to move and want to do so quickly once they make a decision. There are also a number of tax benefits for those that close before the close of the year.

2. Less Inventory & Competition

If you watched my Fall Real Estate Market Update for Summerville, you know that there are fewer homes for sale than there are buyers.  We have half as many homes for sale in Summerville now as we did five years ago!  It is a strong seller’s market in the lower end (under 200K). However, in the higher bracket, the market is not as strong, even with a seller’s market. The rise in interest rates is causing the higher market to slow down a bit. In the fall, many listings come off the market because people don’t want to show their home through the holidays. That means those houses that are on the market get shown more and have less competition.

3. More Attention

The workload for everyone in the real estate industry starts to slow down in the fall months.  This includes real estate agents, mortgage brokers, home inspectors, closing attorneys etc.  With a diminished workload, your house and your contract gets more attention and you get a quicker response time. Everything from appraisals to inspections are easier to schedule once the fall months kick in.

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.

Happy Fall Selling in Summerville!

Home for Sale in Summerville Area – Just Sold!

 

Homes for Sale in Summerville, SC
This beautiful home for sale near Summerville has left the market! This recently remodeled 4 bedroom home is located on three acres and offered a wonderful opportunity for country living close to Summerville.
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.

Home for Sale in Wescott Plantation- Just Sold!

Homes for Sale in Summerville, SC

This beautiful home for sale in Summerville has left the market! Situated on a quiet street in Wescott Plantation, this home for sale in Summerville provided access to the neighborhood pool, club house and membership, golf course and more!

In this seller’s market, homes for sale in Wescott Plantation are very desirable and this home sold for 98% of its list price.

Please feel free to contact me if you are interested in buying a home in Summervillenew 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.
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.