Charleston Real Estate Inventory Drops Again, Sales Slow!

Posted By Shawn Pillion @ Jul 29th 2017 9:24am In: Buyer Info

Charleston SC Real Estate Inventory Drops in 2017


Charleston Real Estate Market trends for July 2017:

It was another very busy buying week.

All areas did very well with the exception of peninsula areas 51,52.

James Island is now regularly seeing median $/sqft prices over $200/sqft.

It's become very difficult to find anything on James Island for under $250k.

Mt Pleasant has been doing this for a very long time.

It's very difficult to find anything in Mt Pleasant for under $300k.

West Ashley is consistently seeing prices over $150/sqft.

It's very difficult to find anything in West Ashley for under $200k.

The Goose Creek/Moncks Corner areas have gotten a big boost from Volvo.

Prices in Nexton seem pretty high.

Park Circle and Hanahan have been buoyed by Boeing over the last 2-5 years.

Hanahan only has about 50 active listings.

Short sales and foreclosures have been irrelevant topics for about 2 yrs now.

However, new construction is a major topic in many MLS areas.

New construction can be a major competitor for ordinary Joe and Sally Seller.


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