Charleston Real Estate Update – RESIDENTIALLY SPEAKING – As of 8/1/14 by Seay Development
Our real estate market continues to surge forward. Through the first half of the year, we were up 6% in the number of transactions over 2013 and will possibly sell over 14k homes in 2014. Our median sales price is also up about 9% over 2013 and, at $220k, is above the peak in 2007. Weekly buying activity is at a record pace. Most of the Realtors are saying that they’ve never seen so many people moving into Charleston.
Activity and prices are still very, very good. North Charleston was particularly busy. Park Circle and Spencer Creek Woods had a lot of sales and the prices were really good for North Charleston. West Ashley had a very slow week for some reason. I’m really beginning to finally see good signs of a recovery in Summerville/Goose Creek areas 61-76. Several weeks in a row have been positive there.
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