Charleston Region Residential Real Estate Sales Level in 2018
CHARLESTON, SC—(December 11, 2018) 1,284 homes sold in November in the Charleston region at a median price of $269,900 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Last November, 1,372 homes sold at a median price of $250,000.
Year-to-date sales data shows that sales are level with 2018 figures; 16,854 sales thus far in 2018 compared to 16,858 at this time last year. Median price has increased by 6% in the region, at $265,500 in comparison to last year’s $250,000.
Inventory data shows about 5% fewer homes for sale over the last 12-month period, with 5,553 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) at the end of November.
“In terms of year-to-date sales, we are on pace to finish even with last year and mark a significant rise in prices—we expect an increase of around 6%” said 2018 CTAR President. “The slight decline in sales in November could be due to the early Thanksgiving holiday, or could be the normal seasonal slowdown we expect towards the end of every year” said Lease.
615 homes sold at a median price of $313,725 in Charleston County in November, 440 single-family homes and 175 Condos/townhomes. Single-family home sales have declined by about 3% in the County this year, as median home price has increased 5% to $375,000. Condo and townhome sales declined by 5% as median price increased 3% to $230,000.
There are currently 3,222 residential properties for sale in Charleston County—2,429 single-family homes and 793 condos/townhomes.
327 homes sold at a median price of $205,450 in Berkeley County in November, 293 single-family homes and 34 Condos/townhomes. Year-to-date, single-family home sales have increased by 2% in the County, as median home price has increased by 7%, to $245,531. Condo and townhome sales are down 11% as median price rose less than 1% to $162,000 so far this year.
There are currently 1,035 residential properties for sale in Berkeley County 908 single-family homes and 127 condos/townhomes.
266 homes sold at a median price of $199,750 in Dorchester County in November, 242 single-family homes and 24 Condos/townhomes. Single-family home sales have increased by about 4% in the County, as median home price has increased 5.5% so far this year, to $238,000. Condo and townhome sales were even as median price increased nearly 12% to $156,000.
There are currently 702 residential properties for sale in Dorchester County—631 single-family homes and 71 condos/townhomes.
Author:Jerod Coulter Phone: 843-513-3741 Dated: December 18th 2018 Views: 266 About Jerod: ...
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Working full-time in real estate allows Jerod to be accessible night or day for his clients. Both buyers and sellers have an acute appreciation for the time, energy, and complex marketing strategies he provides through an extensive network of personal contacts, media outlets, and dedicated professional marketing department. His strenuous work ethic and aggressive negotiating strategies are unparalleled. Holding a Bachelor of Science Degree in Finance & Economics with combined work experience in the investment banking industry, Jerod helps his clients accomplish their personal goals as well as financial expectations in real estate. Jerod takes great pride in his work and has a genuine interest in helping people. Whether you are buying your first home, purchasing a second home closer to the beach, investing in numerous income properties, or getting ready to sell the home of your dreams, he excels at assisting clients with goal setting, analyzing the data, and educating you to make the most informed decision possible.
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CHARLESTON, SC—(August 10, 2018) 1,685 homes sold in July in the Cha
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