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Winter 2012 Market Update
Property on Charleston’s historic peninsula is always in high demand. Additionally, great values are currently available in the most desirable surrounding communities renowned for the area’s spectacular barrier island beaches and world-class gated golf and country clubs. Charleston and the South Carolina Lowcountry never disappoints.
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| Average Home Price | $350,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Charleston is | Increasing |
| Seller Activity for the past 90 days in Charleston is? | No Change |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Investors |
| Reason to Buy/Sell | Lower prices, excellent selection and competitive interest rates have created an unprecedented value buying opportunity. |
| Nearest Metro Area | Charleston Suburbs & Beaches |
| Housing Hot Spots | The charm and ambiance of Charleston has long been a magnet attracting visitors to the Lowcountry of South Carolina. Once smitten, many, from young families to soon to be retirees, yield to the lure of calling Charleston home. Real Estate opportunities vary from the magnificent, historic city, modern suburbs and gated communities, and, of course, the world famous barrier islands and beaches of the South Carolina Lowcountry. |
| Average Sold Price | $350,000 - View Graph Trend |
Charleston Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Alan Westerlund
843-475-8826
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Alan Westerlund
Carolina One Real Estate
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 843-475-8826
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