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Charleston Real Estate Market Update September 2013

Charleston Real Estate Market Update September 2013

By on Sep 16, 2013 in Charleston Market Update | 0 comments

Charleston Real Estate and Rentals presents Charleston Real Estate Market Update for September 2013 The region had 1,278 homes sold at a median price of $217,462 in August, compared to 1,034 homes sold at a median price of $199,414 in August 2012, the Charleston Trident Association of Realtors reported this week. Homes are selling nearly a month faster than a year ago.   Staff Report Published Sept. 11, 2013 Charleston-area home sales were up 23% in August, with a 9% increase in median home prices compared to the year prior, the Charleston Trident Association of Realtors reported this week. The region sold 1,278 homes at a median price of $217,462 in August, compared to 1,034 homes sold at a median price of $199,414 in 2012. Days on market have declined by an average of 27 days, meaning homes are selling nearly a month faster than they were a year ago. Year-to-date, 8,706 homes have sold in the Charleston region at a median price of $205,417 and in an average of 87 days. In August 2012, figures showed 7,030 closings for the calendar year at a median price of $190,907. “Looking at the year-to-date figures, we are positioned to finish 2013 with significant gains in sales volume and healthy, steady growth in prices,” said 2013 Multiple Listing Service President Dave Sansom in a news release. “Thus far, we’ve made more progress than we anticipated in 2013 and this level of growth is sustainable for our market.” Inventory has held steady throughout the year, with 5,702 homes listed as “active” for sale in the MLS database. This figure represents approximately five months of inventory available in the region. “As we expected, the minimal increases in mortgage rates have not soured the demand for residential real estate in Charleston” said 2013 CTAR President Owen Tyler in a news release. “Buyer activity and interest is still very strong—the mix of cash buyers/investors and traditional buyers who recognize the long-term value of Charleston-area real estate have helped keep the pace of sales high and our prices strong and stable.” Berkeley County In August, 257 homes sold at a median price of $180,000. The most active area in the county was the area bordered by Jedburg Road,...

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The Obama administration’s proposal to wind down Fannie Mae (FNMA) and Freddie Mac (FMCC) makes it clear that rental housing will be a big part of the changed housing landscape. Looking for a Property Manager to take care of your property? East Cooper Property Management (ECPM) is a professional management company that is owned and operated by the owners. Their mission is to manage the properties entrusted to them in  a manner that will maintain and enhance the value of those properties and result in the placement of responsible, long term tenants while developing relationships with owners and tenants that will be of benefit to all. ECPM has three  affordable service plans to cover every aspect of managing your rental property.  Call them today for a consultation. 843-709-8087   Read more about the rental and  housing market: http://www.foxbusiness.com/markets/2011/02/11/rental-market-big-housings-future/#ixzz1c0vf6i7x              ...

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Yes I am a Real Estate and of course I want to sell you a home, but sometimes buying isn’t the best option. Thought I’d share this calculator to help guide you with what is best for you. If  you think buying is best please give us a call! Our team will guide you through the process one step at a time. Rent vs. Buy Calculator...

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Charleston Housing Market Still Active

Charleston Housing Market Still Active

By on Feb 17, 2011 in Charleston Market Update | 0 comments

Charleston housing market still active (from Post and Courier) Recent figures from a California-based research firm place the Charleston area at the top statewide in home prices and close to it in permits. Greater Charleston has the highest median home price by a wide margin among eight metro areas, according to John Burns Real Estate Consulting’s “Local Building Market Intelligence” released this week. The midpoint price in the Charleston area was $229,750. That compares with a $144,004 midpoint for Myrtle Beach, which is second highest. The least expensive area is Sumter with a median price of $95,933. Also highest in the greater Charleston was housing costs as a share of income, with 31 percent of income devoted to home expenses. Myrtle Beach placed second at 28 percent and Spartanburg third at 24 percent. Anderson was most affordable with 19 percent of income going to home costs. By building permits, the Charleston area ranked second at 2,945. It trailed Columbia, which had 3,026 total permits. The lowest numbers of permits were in Sumter at 354 and Florence at 375. Greater Charleston and Columbia reported the lowest unemployment rates at 9.1 percent. Greenville was third with a 9.3 percent jobless rate. The highest rate was in Sumter at 12.2...

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Charleston Housing Market Still Active

Charleston Housing Market Still Active

By on Feb 17, 2011 in Charleston Market Update | 0 comments

Charleston housing market still active (from Post and Courier) Recent figures from a California-based research firm place the Charleston area at the top statewide in home prices and close to it in permits. Greater Charleston has the highest median home price by a wide margin among eight metro areas, according to John Burns Real Estate Consulting’s “Local Building Market Intelligence” released this week. The midpoint price in the Charleston area was $229,750. That compares with a $144,004 midpoint for Myrtle Beach, which is second highest. The least expensive area is Sumter with a median price of $95,933. Also highest in the greater Charleston was housing costs as a share of income, with 31 percent of income devoted to home expenses. Myrtle Beach placed second at 28 percent and Spartanburg third at 24 percent. Anderson was most affordable with 19 percent of income going to home costs. By building permits, the Charleston area ranked second at 2,945. It trailed Columbia, which had 3,026 total permits. The lowest numbers of permits were in Sumter at 354 and Florence at 375. Greater Charleston and Columbia reported the lowest unemployment rates at 9.1 percent. Greenville was third with a 9.3 percent jobless rate. The highest rate was in Sumter at 12.2...

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