Charleston Real Estate Market Conditions & Reports, Charleston Market Trends, South Carolina

Market Commentary Provided by Alan Westerlund
If you can qualify, now is an exceptional time to buy a home in Charleston. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 843-475-8826

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Alan Westerlund
Carolina One Real Estate
Charleston, South Carolina
843-475-8826
alaninsc@comcast.net
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Nearest Metro Area

Charleston Suburbs & Beaches

Buyers’ or Sellers’ Market

Equal buyers and sellers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$325,000 - View Graph Trend

Best Selling Price Range

$300,000 - $349,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 10-15%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Charleston is

Increasing

Seller Activity for the past 90 days in Charleston is

No Change

Is Financing Available For Qualified Buyers in Charleston?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

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.

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Charleston

Average Sold Price

$325,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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