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Not to be missed in West Ashley. Extremely close to MUSC, College of Charleston, and Charleston School of Law. Located perfectly a few minutes from Historic Charleston and very close to I-25 and I-526. Perfect to live in or a great investment.

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JULY RESIDENTIAL SALES INCREASE 4% FROM ONE YEAR AGO

JULY RESIDENTIAL REAL ESTATE SALES INCREASE 4% FROM ONE YEAR AGO

CHARLESTON, SC—(August 10, 2009) Preliminary data from the Charleston Trident Association of REALTORS® shows 796 residential properties changed hands in July, with a median sale price of $181,889. July’s activity resulted in the third consecutive month of increases in sales, and a more than 4% increase over sales in July 2008.

Inventory dropped slightly, with 10,852 homes currently listed for sale with the Charleston Trident Multiple Listing Service.

BERKELEY COUNTY
Berkeley County beat June’s year-to-date high of closed sales by 18% in July, with 190 homes sold. The median sales price was $147,950. The area around Highway 17-A showed the highest number of sales for the second month in a row. The Sangaree subdivision had the highest number of closed transactions in the county.

CHARLESTON COUNTY
Sales in Charleston County reached their highest level in 2009 during the month of July. 404 homes sold, at a median price of $228,500. The most active areas of the county were in West Ashley (outside of I-526 to Rantowles) and the area of Mount Pleasant south of Highway 41, where 69 homes sold in each area.

DORCHESTER COUNTY
170 homes sold in Dorchester County in July, with a median sale price of $166,837. The majority of market activity took place in the Summerville/Ridgeville area, with 65 sales. Legend Oaks and White Gables were the subdivisions with the most activity.

90-DAY ADJUSTMENT

CTMLS is now makes available adjusted sales reports 90 days following preliminary reports. The MLS is a user-driven system, with a number of factors that could delay entry of transactions beyond the preliminary reporting day on the 10th of each month. The adjusted figures reflect all transactions entered into the system up to 100 days after the close of the month.

Preliminary data from April 2009 showed 518 sales at a median price of $181,303. Adjusted numbers show 572 sales at the same median price.

COLLEGE OF CHARLESTON HOME VALUE INDEXSM
The College of Charleston Monthly Home Value IndexSM indicates that the value of a typical home in the Charleston Tri-County Area increased by 1.87% in July 2009. In comparison, the change in the index value was +2.51% in June, 2009, and +8.61 in May, 2009. The index tracks the value of a “typical” home in each defined geographic area (tri-county and smaller areas) over time. The index should not be interpreted relative to the value of all homes, but to the value of a “typical” home with the contributions to value from that home’s features evaluated at the average estimated prices of those individual features. To view details of the College of Charleston’s Home Value IndexSM, please click here.

2ND CONSECUTIVE MOTH OF GROWTH IN RESIDENTAL REAL ESATE SALES

CHARLESTON, SC—(July 10, 2009) For the second month in a row, the Charleston-area residential real estate market showed an increase in sales and median prices. Data from the Charleston Trident Association of REALTORS® shows 732 transactions closed in June, with a median sale price of $192,626.

“Sales typically peak during the summer months, so an increase isn’t unusual, but sales are certainly being supported by sellers pricing their homes to align with market expectations, as well as an influx of homebuyers utilizing the $8,000 tax credit. The modest increases in median price are an excellent indicator of a recovering market—prices are not escalating rapidly, but increasing steadily. This type of activity is what will help the market stabilize” said Gettys Glaze, President of the Charleston Trident Multiple Listing Service.

Inventory remains steady with 11,173 homes currently listed for sale with the Charleston Trident Multiple Listing Service.

SIX-MONTH MARKET RECAP

2009 TOTAL SALES % +/- MEDIAN SALE PRICE % +/-
June 732 8% $192,626 3%
May 678 31% $187,000 3%
April 518 -9% $181,303 -2%
March 568 56% $185,000 1%
February 363 -2% $183,180 4%
January 372 - $176,750 -

COLLEGE OF CHARLESTON HOME VALUE INDEXSM
The College of Charleston Monthly Home Value IndexSM indicates that the value of a typical home in the Charleston Tri-County Area increased by 2.51% in June, 2009. In comparison, the change in the index value was +8.61 in May, 2009, and -5.17% in April, 2009. The index tracks the value of a “typical” home in each defined geographic area (tri-county and smaller areas) over time. The index should not be interpreted relative to the value of all homes, but to the value of a “typical” home with the contributions to value from that home’s features evaluated at the average estimated prices of those individual features. To view details of the College of Charleston’s Home Value IndexSM, please click here.

BERKELEY COUNTY
Following several months of quiet stability, June sales and median prices in Berkeley County jumped to year-to-date highs of 160 homes sold at a median price of $172,361. The areas surrounding Highway 52 and Highway 17-A supported nearly half of the county’s total sales. The Cane Bay subdivision had the highest number of closed transactions in the county.

CHARLESTON COUNTY
Sales in the Charleston County market remained relatively stable through June, with 364 homes sold at a median price of $254,500. June was the third time this year that more than 300 transactions have closed during a one-month period in Charleston County. Once again, the area of Mount Pleasant South of Highway 41 had the most activity, with 77 homes sold.

DORCHESTER COUNTY
The number of homes sold increased again in Dorchester County during the month of June, reaching a year-to-date high of 188 closed sales. The median price remained stable at $162,250. The majority of market activity took place in Summerville and Ladson. The Farm at Wescott Plantation showed the most activity among subdivisions.

RESIDENTIAL REAL ESTATE SALES REACH SEVEN-MONTH HIGH AS MARKET CONTINUES TO STABILIZE

Charleston Trident Association of Realtors "CTAR" recently released May 2009 statistics that show an improving real estate market. It is important to keep in mind that to clearly define the market in an up swing we need at least 3+ plus consecutive months of continued improvement.

Currently the largest motivating factor of a Buyer is price. The key to getting the Buyer and the Realtors in your door is a listing price that makes them think, "I can't believe they are selling so low."

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If you have questions about the real estate market in the greater Charleston area please feel free to call Owen directly at 843.224.5398 or e-mail him at Owen@OwenTyler.com.

WONDERFUL IN DOWNTOWN CHARLESTON

Owen Tyler | Carolina One Real Estate | owen@owentyler.com | 843-224-5398 23 Felix St., Charleston, SC CHIC DOWNTOWN HOME 3BR/3.5BA Single Family House offered at $599,000 Year Built 2004 Sq Footage 2,265 Bedrooms 3 Bathrooms 3 full, 1 partial Floors 3 Parking Unspecified Lot Size .04 acres HOA/Maint $0 per month DESCRIPTION Beautiful Charleston styled home constructed in 2004 located in Elliottborough/Cannonsborough. A definite must see, this home boast 3 distinct outdoor living spaces: courtyard, connecting the formal dining room to the family room, a walled slate patio of off the kitchen, and a wonderful rooftop deck with city views perfect for entertaining. The traditional styled home with urban elegance comes with all the little extras including CAT 5 wiring, Bose Surround Sound throughout, stunning hardwood floors, two HVAC units, gas burning fireplace, and even a projection TV and hidden screen in family room perfect for movie night, and 10 foot ceilings on the first floor and 9 foot ceilings on the second and third floors; no expense was spared during construction. The kitchen is a chef's delight with tons of counter space, marble counter tops, large stainless island and gas range. A huge master suite is located on the 2nd floor with a view of the courtyard below. The third floor is complete with bedroom full bath and study heading to the roof top deck. If square footage is important - MEASURE!! see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace Walk-in closet Hardwood floor Tile floor Family room Bonus/Rec room Dining room Dishwasher Refrigerator Stove/Oven Microwave Stainless steel appliances Washer Dryer Balcony, Deck, or Patio ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info: Owen Tyler Carolina One Real Estate owen@owentyler.com 843-224-5398 For sale by agent/broker Equal Opportunity Housing Posted: Jun 4, 2009, 1:44pm PDT

RESIDENTIAL REAL ESTATE MARKET CONTINUES TO STABALIZE

If you have questions about the value of your property or are considering making a move to or from the greater Charleston, South Carolina area please feel free to call Owen at 843.224.5398 or e-mail him directly at Owen@OwenTyler.com