What Does The Charleston Housing Market Look Like

Dated: 09/02/2016

Views: 17


Today, we’re talking about some family-fun activities happening this spring in Charleston. We recently had 35,000 visitors for the Cooper River Bridge Run. Additionally, I’ll go over some data from the first quarter in our real estate marketplace. Activity is up and inventory is down. Watch this video for more events and market details.http://www.davefriedmantv.com/2016/04/charleston-real-estate-agent-springtime.htmlLooking to buy a home? Check out our free home search:http://clickcharlestonsc.com/Looking to sell a home? Check out our free home value report:http://clickcharlestonsc.com/sell.phpToday, I’m here with a real estate market update for the Charleston area. I’m reviewing some data from this year’s first quarter! Additionally, I’ll talk about some great events happening locally in the next few weeks.April is here and the azaleas are in full bloom! Our city looks beautiful this time of year. Summerville just had a great Flowertown Festival weekend. The weather was great for such a gorgeous event! It’s an opportune time to take a relaxing stroll through the Middleton or Magnolia Gardens. They’re definitely a must-see this season.We recently had 35,000 visitors in town for the Cooper River Bridge Run. Despite the rain, the event went on with flying colors. Isn’t that incredible? We also had the WTA Tennis Tournament on Daniel Island from April 2nd to the 10th.There’s still time to take advantage of other fun events happening this April in our area. Enjoy the 69th annual Garden Tours festival until the 25th. The Farmer’s Market has also already started with live performances. The Spoleto Festival is coming up in May, so it’s time to start planning for that, too!And now it’s time for a market update. Our housing market is booming here in Charleston. Activity is extremely up and inventory is incredible low. Prices increased to 6.6% compared to last year, but they’re doing so at a reasonable pace consumers can keep up with. In January and February, buyer activity increased 10% compared to 2015. The median sales price right now rests at around $235,000. Will buyer activity exceed 2005’s and 2006’s records?Charleston is at the top of the charts. Our city was voted number one by Conde Naste and other major publications. U.S. News & World Reports ranked our area as the 19th place to live in the entire country. Suburbs expand westward with more growth than Summerville. A new development and road reconstruction is happening in Summerville, too, which will be huge for the surrounding community. If you’re thinking about buying or selling a home in Charleston, reach out via phone or email. I’d be happy to help answer any questions you might have!

Blog author image

Dave Friedman Voted Best Realtor in Charleston

Voted Best Realtor in Charleston and top finalist every year since 2013, it is easy to say that Dave Friedman is committed to his work. These prestigious awards, given to one realtor out of more than ....

Latest Blog Posts

Which Home Renovations Get The Best Returns

There are many great Charleston area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation 

Read More

Introducing A Tool That Will Make 2017 Your Best Year Yet

Today I have a tool that I want to show you that will help you achieve the success you desire in 2017. This tool is a goal-setting template, and it’s the same one my team and I use to reach our

Read More

How Are Rising Interest Rates Shaping Our Market1

In case you haven’t heard, the Federal Reserve increased interest rates last December and are planning an aggressive approach in 2017. Since the election, rates have risen in total by about 0.75%,

Read More

What You Should Know About Flood Insurance

There are many great Charleston area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation 

Read More