Year-to-date sales up 25%, median price gains 10%

Charleston-Area Home Sales and Prices Rise through Third Quarter
Year-to-date sales up 25%, median price gains 10%

CHARLESTON, SC—(October 10, 2013)

According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 1,133 homes sold at a median price of $209,000 in September. Last September, 876 homes sold at a median price of $190,000 in the region.
 Year-to-date 9,861 homes have sold at a median price of $209,000 in an average of 86 days. Compared to this point in 2012, sales have increased by 25% and median price has risen by 10%. Year-to-date figures in 2012 showed 7,906 sales at a median price of $190,000.  Inventory is holding steady with 5,676 homes listed as ‘active’ for sale in the Charleston Trident Multiple Listing Service (CTMLS).

“We’ve closed almost as many sales in three quarters of 2013 as we did in the whole of 2012” said Dave Sansom, 2013 President of the CTMLS. “It has been a remarkable year of growth and progress for the Charleston-area real estate market. While we are heading into the end of the year and market activity may quiet down some, there are plenty of active and motivated buyers in the market” Sansom said.
 
The ongoing government shutdown isn’t expected to drastically impact the local real estate market unless it persists for a significant amount of time, but it is cause for buyers to ensure that they are working with a qualified REALTOR®.  “We don’t anticipate a major impact to productivity in our market but there may be some delays, particularly if you are seeking a federally-backed loan. Private banks have the ability to continue to close loans with the caveat of verifying the information they don’t currently have access to—tax transcripts, for example—once the government has reopened for business” said 2013 CTAR President Owen Tyler. “The shutdown could make buying a home a little more complicated, depending on the type of loan you’re securing. However, working with a qualified REALTOR® who knows how to navigate these temporary changes should alleviate any worry or concern for the buyer” added Sansom.
 
The changes to the National Flood Insurance Program (NFIP) have been a cause for concern for some Lowcountry buyers and sellers, as rates are adjusting to restore solvency to the NFIP. However, it is important to understand that every property is different. “Homes in the same neighborhood or even next door to one another can be impacted in very different ways. Seek the counsel of a trusted insurance agent to determine current and future rates for a property. If you are hoping to sell your home, invest in a current elevation certificate” said Tyler.
 
AUGUST ADJUSTMENTPreliminary data reported for August 2012 indicated that 1,278 homes sold at a median price of $217,462. Adjusted figures now show 1,290 homes sold at a median price of $217,726.
 
BERKELEY COUNTY231 homes sold at a median price of $180,000 in Berkeley County in September. The most active area in the county was the area bordered by Jedburg Road, Highway 17A and College Park, with 59 sales at a median price of $188,790.

CHARLESTON COUNTYIn Charleston County in September, 674 homes sold at a median price of $259,200. West Ashley (outside of I-526) was the most active area during the month with 88 sales at a median price of $184,456.
DORCHESTER COUNTY189 homes sold at a median price of $176,000 in September in Dorchester County. The most active area was Summerville/Ridgeville, where 103 homes sold at a median price of $187,500.
 

# # #

 

With 3,700 members, CTAR’s mission is to promote the highest standards of professionalism, ethics, education and technology, and to ensure that its members are the primary source for real estate services in the South Carolina Lowcountry. Only those who are members of the Association of REALTORS® and its parent organizations are called REALTORS®.

Charleston Region Real Estate Market Continues to Expand - April 2013 Stats

Charleston-Area Real Estate Sales Continue Growth in April

 

CHARLESTON, SC—(May 10, 2013) 1,028 homes sold at a median price of $200,000 in the Charleston region in March, according to data released today by the Charleston Trident Association of REALTORS® (CTAR). Year to date, 3,472 homes have sold in the tri-county region, an 18% increase from the same period in 2012. The area’s year to date median price is $191,275 through April.

“Our market continues to expand and progress in a positive direction. We have a stable inventory paired with prices increasing at a steady and healthy pace—up 7% year to date—which is a great indicator for the sustainability of our market” said 2013 CTAR President Owen Tyler.

 

Sales volume was last at this level in 2007, and is being driven mainly by investors and relocations to the area. “Our region’s ability to create and retain quality jobs has been a crucial component to the recovery of our market. Increased activity in the construction sector will continue to strengthen our local real estate economy and will create additional inventory as we expect the higher rate of home sales to continue as we enter the busy summer months” said Dave Sansom, 2013 President of the Charleston Trident Multiple Listing Service (CTMLS).

 

Over the last 12 months, inventory levels have stabilized, with 5,636 homes currently for sale in the CTMLS. Pockets of the tri-county area are beginning to see shorter market times, with homes selling in an average of 90 days.

 

MARCH ADJUSTMENTPreliminary data reported in March indicated that 1,045 homes sold at a median price of $202,210.  Adjusted numbers now show 1,062 homes sold at a median price of $200,940.

 

BERKELEY COUNTY

210 homes sold at a median price of $169,500 in Berkeley County last month.  The area bordered by Jedburg Road, Highway 17A and College Park was again the most active, with 49 sales at a median price of $167,000.

 

CHARLESTON COUNTY

587 home sales resulted in a median price of $239,000 in April in Charleston County.  Of those, 171 sales were in Mount Pleasant and sold at a median price of $315,00. West Ashley (outside of I-526) was the next most active area, with 77 sales at a median price of $205,830.

 

DORCHESTER COUNTY

196 homes sold at a median price of $167,357 in Dorchester County in April.  The area of Summerville/Ridgeville was the most active area, with 87 sales at a median price of $173,000.

 

With 3,600 members, CTAR’s mission is to promote the highest standards of professionalism, ethics, education and technology, and to ensure that its members are the primary source for real estate services in the South Carolina Lowcountry. Only those who are members of the Association of REALTORS® and its parent organizations are called REALTORS®.

 

 

APRIL E-NEWS - The Most Desireable Home Features of 2013

Don't miss my April E-Newsletter! 

Read about The Most Desirable Home Features of 2013, Spring Cleaning Tips, What Does the Color of Your Front Door Say About You, and much more!

East Cooper native plays active role as Realtor group president while staying up-to-date on agent business

East Cooper native plays active role as Realtor group president while staying up-to-date on agent business

Read the entire article

http://www.postandcourier.com/article/20130309/PC2110/130309305/1145/east-cooper-native-plays-active-role-as-realtor-group-president-while-staying-up-to-date-on-agent-business

March 2013, e-Newsletter

My e-Newsletter for March 2013 is out. 

If you missed it, send me an e-mail and I will forward you a copy.

Single Family Renters More Likely to Stay for 5 Years or Longer

Are you considering an investment in rental property but the concern of tenant turnover is holding you back? 

According to a study released on February 25, 2013, turnover in a single family property might not be as high as you think.

According to WSJ's Nick Timiraos, "Some 26% of single-family-home renters said they planned to live in their current rental for five years or more, compared with 22% for renters in multifamily buildings. Three out of every five single-family renters also said they planned to become a homeowner within five years, compared with just 44% of apartment renters."

This is information that most investors owning single family property already know, but it is great to see it solidified in the National Survey of Renters.

 

To read the entire article and see the study visit: http://blogs.wsj.com/developments/2013/02/25/survey-single-family-renters-more-likely-to-stay-longer/

 

 

 

 



Forty Under 40

So excited to named to the Forty Under 40 List for 2013

See the entire list -- http://charlestonbusiness.com/news/46912-forty-under-40-winners-announced-for-2013

Cost Vs. Value: Experts Say Curb Appeal Trumps Projects for 2013

Want to know how much a home's value will increase for specific remodeling projects? The Cost vs. Value 2013 report, released by Remodeling magazine in cooperation with Realtor Magazine, shows a nationwide average cost for the job, resale value, and the percentage recouped. The report is based on a survey that culled the opinions of 3,900 brokers, appraisers and agents. If a home needs a new roof, the homeowner can see how much he might earn back (62.9 percent). Or, a homeowner can choose the most cost effective improvements rather than basing remodeling projects on what feels right.

Read the full text of the article at http://www.anypresentations.com/enl/article.php?aid=10956&id=976&sid=6fb1&NID=90

To SUBSCRIBE to my Monthly E-news e-mail your full name and e-mail address to Owen@OwenTyler.com with Newsletter in the Subject Line

January Residential Real Estate Sales Highest Since 2008

 

January Residential Real Estate Sales Highest Since 2008

Increased market interest, consumer confidence fuels strong sales increases, sustainable price growth

CHARLESTON, SC—(February 11, 2013) 634 homes sold at a median price of $181,750 in the Charleston region in January, according to data released today by the Charleston Trident Association of REALTORS® (CTAR). These figures represent the highest rate of January sales activity in the region since January 2008, when 648 homes sold. Activity and buyer interest were notably higher during the typically slow first month of the year as many REALTORS® reported a significant increase in calls from prospective buyers.

As sales volume continues to make consistent, sustainable progress, prices remain stable, approaching the $200,000 range, where local REALTORS® and expert economists looking at our region expect them to stay for the short-term future. “As was the case in 2012, we expect to see nominal, but sustainable, growth in prices this year” said 2013 CTAR President Owen Tyler. “2012 closed out with a 4.4% increase in median price, which is an excellent rate of growth in a recovering market. It’s all about sustainability” said Tyler.

Comparing the beginning of 2012 to 2013, sales volume is up 16% and median price reflects 3% growth thus far in 2013.

As the uptick of buyer interest in our market seems to be an enduring trend, inventory may become an issue in some areas. The number of available properties has consistently remained at a lower level than we’ve seen in the past five years, but will likely increase as the spring buying season draws closer. There were 5,520 homes actively for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of January 31, 2013.

During the 2012 Year-In-Review residential market update hosted by CTAR in late January, expert economists Steve Slifer and Joey Von Nessen praised the real estate market activity in our region in 2012, but warned that uncertainty based on what’s going on in the government and Washington DC may have an effect on consumer confidence in 2013. 

 
 

2012 ADJUSTMENTPreliminary data reported for 2012 indicated that 10,574 homes sold at a median price of $190,065. Adjusted numbers now show 10,588 homes sold at a median price of $190,145.

BERKELEY COUNTY

125 homes sold at a median price of $157,000 in January in Berkeley County. The most activity in the County was reported in the areas bordered by Highway 17A and College Park, as well as Goose Creek/Moncks Corner, bordered by Highway 52 and the Cooper River. The activity in those areas accounted for nearly half of the county sales.

CHARLESTON COUNTY

Of the 363 homes sold at a median price of $228,726 in Charleston County in January, 108 of those sales took place in Mount Pleasant. Other notable areas of activity: 47 sales in North Charleston/Summerville (outside I-526) and West Ashley (outside I-526) where 37 homes sold.

DORCHESTER COUNTY

123 homes sold at a median price of $146,000 in Dorchester County in January. The areas of Summerville/Ridgeville and Summerville/Ladson were the most active, with 55 and 41 sales, respectively.

 

With 3,600 members, CTAR’s mission is to promote the highest standards of professionalism, ethics, education and technology, and to ensure that its members are the primary source for real estate services in the South Carolina Lowcountry. Only those who are members of the Association of REALTORS® and its parent organizations are called REALTORS®.

Monthly Update & E-newsletter

Would you like to receive my monthly E-newsletter and a monthly update of the greater Charleston area real estate market, if so please e-mail me the following information at Owen@OwenTyler.com:

First Name
Last Name
E-mail address
Physical Mailing Address

2129 Edisto Ave, Charleston, South Carolina

2129 Edisto Ave in Riverland Terrace

1691 Mepkin Rd, Charleston, SC 29407

4 Latham Circle, Charleston, South Carolina

Charleston Real Estate Market Continues Positive Progress

 

 

Charleston Real Estate Market Continues Positive Progress

Year-to-date figures show 12% sales growth, 4% increase in prices

CHARLESTON, SC—(November 13, 2012) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 898 homes sold at a median price of $185,112 in October. These figures, representative of all homes sold through the Charleston Trident Multiple Listing Service (CTMLS), show a 34% increase in sales volume and a slight 2% decline in prices when compared to preliminary figures from October 2011.

Year-to-date figures demonstrate continued positive progress for the local real estate market: 8,794 homes have sold at a median price of $187,597 thus far in 2012. At this point last year, 7,827 homes had sold at a median price of $179,925. This year’s figures show 12% growth in sales volume and a healthy, sustainable 4% growth in median price.

At the National Association of REALTORS® (NAR) annual conference in Orlando this week, chief economist Lawrence Yun forecasted that nationwide, both home sales and prices will continue to trend upward over the next two years, predicting that the national median home price will have risen by 15% by 2015.

However, Yun warned of looming inflation, which could double in the coming years. Recent inflation has increased by about 2% per year. 2012 CTAR President Herb Koger agrees with Yun's concerns, saying “Mortgage rates have remained at historic lows for so long, they will have to go back up at some point. The combination of rising home prices, the inevitable increase in mortgage rates and a declining inventory will make it tougher in the coming years for those who are currently renting but hope to buy" Koger said. Strict lending qualifications continue to be an issue for many prospective homeowners, as well. Many credit markets are too tight to accommodate those who want to take advantage of today's prime buying environment.

While the region's overall inventory remains in a healthy decline, there are subsets of the market with more than enough property to go around. "Areas like James Island, West Ashley and parts of Mount Pleasant have overall, very low inventory that at a glance, puts them clearly in seller's market territory. However, when you look at more expensive homes, in the $400,000 and up range, for example, there is significantly more, even double, the rate of inventory" said Koger. As of October 31, 2012 there were 6,030 homes listed as actively for sale with the CTMLS.

“Overall, the Charleston region has performed incredibly well in 2012, and we expect this progress will continue. We live in a highly desirable area which is becoming increasingly attractive to businesses and corporations as well as homeowners” said Koger.

SEPTEMBER ADJUSTMENTPreliminary data reported for September 2012 indicated that 876 homes sold at a median price of $190,000. Adjusted numbers now show 885 homes sold at the same median price.

BERKELEY COUNTY

206 homes sold at a median price of $157,495 in October. Last October, 166 homes sold at a median price of $168,217. The most active area of the County is bordered by Jedburg Road, Highway 17A and College Park, where 68 transactions closed at a median price of $150,620. Year-to-date, the County’s sales volume has increased a healthy 3% and prices 4%. Thus far in 2012, 1,898 homes have sold at a median price of $163,443 in Berkeley County.

CHARLESTON COUNTY

489 homes sold in Charleston County in October, at a median price of $225,000. This represents an increase of more than 100 sales when compared to last October, when 346 homes sold at a price of $227,000. Outside of the County’s largest geographic area of Mount Pleasant, the most active areas were West Ashley (outside of I-526) and James Island. 61 homes sold at a median price of $205,475 in the outermost part of West Ashley, while 54 sales on James Island resulted in a median price of $223,250. Year-to-date, the County is leading the local market recovery, with a 19% increase in sales volume and a 2% increase in median price. Nearly 5,000 homes have sold in Charleston County in 2012, at a median price of $225,000.

DORCHESTER COUNTY

173 homes sold in Dorchester County at a median price of $167,500 in October. Last October, 140 homes sold at a median price of $155,950. The most active area of Dorchester County in October was the Summerville/Ridgeville area, where 71 sales resulted in a median price of $201,575. Year-to-date, Dorchester County is showing stability, with 5% and 6% increases in sales and median price, respectively. 1,596 homes have sold at a median price of $167,361 in 2012.

 

With approximately 3,600 members, CTAR’s mission is to promote the highest standards of professionalism, ethics, education and technology, and to ensure that its members are the primary source for real estate services in the South Carolina Lowcountry. Only those who are members of the Association of REALTORS® and its parent organizations are called REALTORS®. To learn more, visit www.CharlestonRealtors.com.

64 On The Harbor Dr, Mount Pleasant, SC

4 Nicholson St | Byrnes Down

Owen Tyler | Carolina One Real Estate | owen@owentyler.com | (843) 224-5398 4 Nicholson St, Charleston, SC Cute as a Button in Byrnes Down 2BR/1BA Single Family House offered at $251,000 Year Built 1945 Sq Footage 925 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 1 Parking Unspecified Lot Size 5,555 sqft HOA/Maint $0 per month DESCRIPTION This has to be one of the cutest homes in Byrnes Downs! Picture perfect house with wood floors, darling kitchen, a sunroom over looking the fenced and landscaped backyard, and even a tool shed for extra storage. All of the appliances convey including the washer and dryer. Home has newer windows, HVAC, appliances, and roof. Crawl space has been sealed and has a dehumidifier & monitoring system. And the home has a termite bond. Pride of ownership is evident at 4 Nicholson St. If you are looking for a great home in an established area minutes from Downtown Charleston this is the place for you! If square footage is important - MEASURE!! see additional photos below

PROPERTY FEATURES - Dining room - Living room - Sun room - Workshop - Dishwasher - Dryer - Garbage disposal - Microwave - Refrigerator - Stainless steel appliances - Stove/Oven - Washer - Fenced yard - Garden - Lawn - Yard - Air conditioning - Ceiling fans - Central A/C - Central heat - Security system - Off-street parking - On-street parking - Hardwood floor - Tile floor

ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 4 Photo 5 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13 Photo 14 Photo 15 Photo 17 Photo 18

Contact info: Owen Tyler Carolina One Real Estate owen@owentyler.com (843) 224-5398 For sale by agent/broker

Posted: Oct 17, 2012, 12:38pm PDT

Charleston-area Home Sales Continue to Rise

Charleston-area Home Sales Continue to Rise

Monthly Closings Pass 1,000 for the Third Time this Year

CHARLESTON, SC— According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR) 1,014 homes sold at a median price of $198,757. This is the third time that closings have passed the 1k benchmark in 2012 and the first time sales volume has consistently shown this level of strength since 2007. Last year, sales peaked in August, with 904 homes sold at a median price of $185,000.

“The August sales figures are ongoing evidence of consistency and stability in our market. Charleston is such a desirable area, smart buyers recognize the long-term value of investing in the Charleston market” said 2012 CTAR President Herb Koger.

Inventory continues to trend towards a more balanced market, dropping to its lowest point this year, with 6,185 homes listed as actively for sale with the Charleston Trident Multiple Listing Service (MLS). Days on market remained below 100 for the second month in a row, at an average of 93 days. Stronger demand on the buying side of the market, an increase in cash-based transactions and the simplification of the distressed property transaction process are likely reasons for the decline.

Year-to-date figures continue to hold steady, with sales volume a strong 10% higher than it was a year ago, and the region’s median price gaining ground during the busy summer months to show a 6.5% uptick in pricing as compared to this point last year. 6,978 homes have sold at a median price of $190,555 thus far in 2012. At this time last year, 6,351 homes had sold at a median price of $178,844.

“As we heard from NAR’s Chief Economist Dr. Yun last month at the market update, our local market is being re-established on a firm foundation of sustainable sales and price growth—Charleston is outperforming many markets across the country, in terms of a consistent recovery” Koger said. “The pent-up demand caused by the trend of college students and young professionals returning to live at home rather than establishing their own residences should also provide an eager pool of buyers heading into the future” he added.

July AdjustmentPreliminary data reported for July 2012 indicated 972 homes sold at a median price of $205,000. Adjusted numbers now show 984 sales at a median price of $204,797.

Berkeley County

240 homes sold in Berkeley County last month at a median price of $173,945. Last August, 226 homes sold at a median price of $158,950. Again, the area bordered by Jedburg Road/Highway 17-A and College Park was the most active, with 57 sales at a median price of $154,000.

Charleston County

570 homes sold in Charleston County in August, at a median price of $234,950. Last August, 483 homes sold at a median price of $219,000. Mount Pleasant (the county’s largest geographic area) saw an increase in closings, with 200 homes sold at a median price of $299,625. West Ashley (outside of I-526) ranked the second most active area with 79 sales at a median price of $184,700.

Dorchester County

In August, 175 homes sold at a median price of $164,000. Last August the same number of homes sold, at a median price of $165,000—showing marked consistency in both sales and pricing this year in Dorchester County. Summerville/Ridgeville showed the most activity—75 homes sold at a median price of $182,850.

With 3,400 members, CTAR’s mission is to promote the highest standards of professionalism, ethics, education and technology, and to ensure that its members are the primary source for real estate services in the South Carolina Lowcountry. Only those who are members of the Association of REALTORS® and its parent organizations are called REALTORS®. To learn more, visit www.CharlestonRealtors.com.

 

Mount Pleasant Tops for DUI Arrests

Agency recognized for 411 arrests in 2011.

By Adam Crisp April 6, 2012

The Mount Pleasant Police Department has received state recognition for its high number of DUI arrests


The South Carolina Department of Public Safety recognized law enforcement officers and agencies Tuesday for their efforts in 2011 to enforce the state’s DUI laws and remove impaired drivers from South Carolina roadways.

Mount Pleasant, which made 411 DUI arrests in 2011, led the state in arrests for departments with 101 or more officers.

Agency of the Year (five categories based on size of agency):

1-10 officers: Bonneau Police Department, 33 DUI arrests

11-25 officers: Surfside Beach Police Department, 131 DUI arrests

26-50 officers: Clemson University Police Department, 66 DUI arrests

51-100 officers: Kershaw County Sheriff’s Office, 69 DUI arrests

101 or more officers: Mount Pleasant Police Department, 411 DUI arrests

Additionally, officers were given "DUI Angel" awards for their high number of DUI arrests.

BRONZE (10 to 24 DUI arrests)

Officer Kirill Misyuchenko

Officer Jacqui Pastick

Officer Ben Wells

Officer Mark Lamb

Officer William Decker

Officer Jason Brandon

GOLD (50 or more DUI arrests)

Officer A. J. Santos

Officer Joseph Zeitner

SCDPS presented awards to officers and agencies in several categories and held drawings for agencies to win equipment and vehicles during a ceremony that combined its 7th Annual DUI Enforcement and 2011 Law Enforcement DUI Challenge recognitions in Columbia.

DECEMBER RESIDENTIAL REAL ESTATE FIGURES CLOSE OUT A STRONG 2011

DECEMBER RESIDENTIAL REAL ESTATE FIGURES CLOSE OUT A STRONG 2011

Year to date numbers show sales growth, relative stability in median price

CHARLESTON, SC—(January 10, 2012) Posting the strongest December sales figures since 2006, the Charleston-area residential real estate market closes out a year of steady sales growth and celebrates the arrival of several positive indicators.
According to preliminary figures released by the Charleston Trident Association of REALTORS® (CTAR), 785 homes sold at a median price of $186,050 in December. This represents an increase of more than 100 sales and median price growth of just over 2% when compared to last December.

However, the best news lies in the year-to-date figures. The Charleston area will close out 2011 with at least a 6% increase in closed sales and a difference of just 3% in median price from 2010. “We anticipated the slight decline in median price, with the amount of distressed inventory in our market” said 2012 CTAR President Herb Koger. “However, seeing sales growth at a sustainable and healthy level—that was not encouraged by tax incentives—clearly demonstrates that there are buyers who understand the value of owning a home in the Charleston area” said Koger.

In 2011, 9,276 homes sold in the Charleston area, at a median price of $181,573. In 2010, 8,767 homes sold at a median price of $186,423.

“When we look at the positive indicators that developed throughout the year—growth in sales, relative stability in median price and a declining inventory—we see an extended period of positive movement and growth in our market, which leads me to believe we’ll see another year of slow, but healthy progression in 2012” said Koger. “While we’re on the right track, we may continue see some price softening as we keep working through our distressed inventory” he added.

Inventory continues to decline, with 6,904 homes listed as actively for sale in the MLS.

A final year in review report will be available next week on the Association’s website and Facebook page.

November Adjustment
Preliminary numbers reported for November 2011 indicated 648 homes sold at a median price of $191,500. Adjusted numbers now show 663 sales at an increased median price of $195,000.

BERKELEY COUNTY

With 194 sales at a median price of $169,702 in December, the residential real estate market in Berkeley County added to its impressive year-to-date totals.

2,219 homes sold in the County at a median price of $162,450 during the year—a 5% increase in sales and slight 2% decline in median price compared to 2010’s 2,112 sales at a median price of $165,457.In 2011, the most active area of the county was bordered by Jedburg Road-Highway 17A and College Park, with 523 sales at a median price of $156,290. The most affordable area of the county is Cross/St. Stephens/Bonneau, where 71 annual sales resulted in a median price of $69,000. The most expensive area continues to be Daniel Island, where 250 homes sold at a median price of $407,500.

CHARLESTON COUNTY
December figures completed a year of healthy sales growth and the ongoing correction of prices with 429 sales at a median price of $222,500.

Increasing affordability in Charleston County led to a market-leading 9% growth in sales during the year. 4,961 homes sold at a median price of $220,000 in 2011, as compared to 4,566 sales at a median price of $233,750 in 2010.

As the largest geographic area in the county, Mount Pleasant saw the largest number of closings in 2011, with 1,457 homes sold at a median price of $311,173. West Ashley (outside I-526 to Rantowles) was next, with 688 sales at a median price of $179,532. Sullivan’s Island is home to the most expensive property in the County, with 37 sales resulting in a median price of $1,335,000. The most affordable area of the County is North Charleston (inside I-526) where 199 homes sold at a median price of $57,000.

DORCHESTER COUNTY
128 homes sold at a median price of $151,750 in December, closing out a year of stability in Dorchester County.

Year-to-date figures show a less than 1% variance in sales and median price. In 2011, 1,778 homes sold at a median price of $160,000. In 2010, 1,794 homes sold at a median price of $159,125.

The Summerville/Ridgeville area was the most active, as well as the most expensive area of the County in 2011, as 820 sales resulted in a median price of $168,395. St. George/Harleyville was the most affordable region—46 sales at a median price of $84,200.

Executive Home on 3.93 Acres

http://www.seetheproperty.com/80070