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Real Estate Market Update » Charleston Home Sales News – Wendy Delaney Homes

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2015 Real Estate Forecast

http://www.cnbc.com/id/102290355


Charleston Real Estate Market Benefits From Population Growth- Post and Courier

Charleston Region Saw Strong Population Growth

David Slade

The Charleston area led the state in population gains last year, and grew faster than most U.S. cities, according to the Census Bureau.

The population growth is seen as an economic positive for the region, and particularly for the recovering real estate market.

Michael Scarafile, president of Carolina One Real Estate, said population growth is usually a positive sign for the housing market. “As we see growth in population, both from people moving here for jobs like Boeing and because we have a great place to live, that creates more demand.”

Tim Keane, director of Charleston’s Department of Planning Preservation and Sustainability, said a growing port, influx of technology-related businesses, good colleges and Boeing all point to growth.

“We’re seeing a significant amount of commercial, office and residential development right now,” he said. “There are plenty places that would be very, very happy with the kind of investments we have going on, and the growth we are seeing.”


Daniel Island Homes Sold

92 Homes have SOLD on Daniel Island since Jan. 01 2012.  That’s up 8% from homes selling in 2011 during the same period in which were 85 homes sold.


Home Sales Highest Since 2010

Nearly 1,000 homes were bought in May in the Charleston region, a level not reached since the homebuyer tax credit was in place in June 2010, the Charleston Trident Association of Realtors reported Monday.

The last time this many homes sold in a non-incentivized market was August 2007 before the recession started in December 2007. There were 26,040 property showings recorded by the Multiple Listing Service in May, about 2,000 more than in April.

“Sales are closing at a faster pace than we anticipated this early in the season and showings continue to rise,” said Herb Koger, Charleston Trident Association of Realtors president. “There is a lot of pent-up demand in the market, and those choosing to buy now are benefitting from incredibly low rates and affordable pricing.”

The widely-accepted benchmark of a healthy market is inventory within the six-month range. Charleston currently has 6.4 months of inventory with 6,314 homes listed as actively for sale in the Charleston Trident Multiple Listing Service as of Sunday.

Tuesday, June 12, 2012

The Post and Courier

 

 


Mt. Pleasant Homes Sold

532 Homes have SOLD in Mt. Pleasant since Jan. 01 2012.  That’s up 13% from homes selling in 2011 during the same period in which were 462 homes sold.

 

 

 

 


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