They want information!
Every Real Estate Investor wants to know “What is the real estate market REALLY doing?” They want to be able to see clearly if now is a good time to buy or sell.
That’s why we put together the Local Charleston, South Carolina Market Report for buyers and sellers that are currently in the real estate market or are thinking about getting into the market.
Since Charleston contains multiple zip codes this analysis may or may not be specific to your area and should only be used as a tool to determine trend lines and a look at the Charleston areas:
Adams Run, Hanahan, Ladson, Rockville, Ridgeville Awendaw, Harleyville, Lincolnville, Santee, Folly Beach, Bonneau, Holly Hill, McClellanville, Seabrook, Kiawah Island, Charleston, Hollywood, Meggett, Sullivan’s Island, Goose Creek, Cottageville, Huger, Moncks Corner, St. George, Walterboro, Daniel Island, Isle of Palms, Mt. Pleasant, St, Stephens, Ravenel, Dorchester, Jedburg, N. Charleston, Summerville, Edisto Island.
The following is a review of activity in the Charleston area market in August 2020.
Residential Houses Residential Land
3,476 Actual number of parcels listed for sale. 2,029
2,017 Actual number of parcels SOLD. 173
$15,000 Lowest Priced Sale $2,500
$4,750,000 Highest Priced Sale. $2,895.000
The Charleston area housing market is H-O-T; the 3,476 listings is misleading because it includes boat slips, out of area properties, etc. If you are buying, it is super-competitive with many choice houses going for “above listing prices”.
The Land market is a little more of a challenge. With roughly 92% of available land NOT being sold each month, Buyers have more inventory to choose from, which can result in it taking months (sometimes years) for land to sell.
Why?
Because, historically, vacant land takes much longer to sell than a house because there is a smaller market for land buyers. (and financing is much more difficult!) .
Information – What Every Real Estate Investor Wants- this is just a little “peek” at some of the “Inside Information” that we share…absolutely FREE!
So, If you are thinking about Buying or Selling and would like a simple and fast solution without expensive fees and commissions, just give me a call 843-564-8438.
I would be happy to answer any questions. No obligations.
Find out what information we can get to you….that can help you make money!
Stay safe!