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Jeff Cook Real Estate Blog

Wednesday, September 25, 2013   /   by Fra Jamir

Your Charleston Market Report - September

        Strong demand for a limited supply of homes for sale has seemingly outweighed higher mortgage rates, at least for the time being. The idea that mortgage rates may rise further is likely spurring some of this demand. The dream of homeownership is very much intact, but buyers should be prepared with competitive offers, since every measure of market health is pointing upwards.

According to figures, new listings in the Charleston region increased 16.4 percent to 1,564. Pending sales were up 36.3 percent to 1,287. Inventory levels shrank 12.4 percent to 5,841 units and the number of days houses stay on the market in the Charleston area was down 18.7 percent to 72 days.

Prices got a lift. The Median Sales Price increased 9.6 percent to $219,000. Absorption rates improved as Months Supply of Inventory was down 29.5 percent to 5.4 months.

The number of the properties in the Charleston area on which contracts have been accepted year to d ...

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Thursday, September 19, 2013   /   by Fra Jamir

Charleston home sales up 23% year over year

Home sales in Charleston, South Carolina are up from 2012, which means great news to buyers and sellers alike! Charleston-area home sales were up 23% in August with a 9% increase in median home prices compared to the year prior, the Charleston Trident Association of Realtors reported this week.

In August of this year, 1,278 homes were sold in the region at a median price of $217,462, compared to 1,034 homes sold at a median price of $199,414 this time in 2012.
 August 2012 figures showed 7,030 closings for the calendar year at a median price of $190,907. While August of this year’s data shows 8,706 homes have sold in the Charleston region year-to-date at a median price of $205,417.

The average number of days a home stays on the market has also declined and homes are selling nearly a month faster than they were a year ago.

Berkeley County
In August, 257 homes sold at a median price of $180,000. The most active area in the county was the area borde ...

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Saturday, September 07, 2013   /   by Fra Jamir

Your Charleston Market Report

        It won't be long before the housing recovery is simply referred to as housing. Institutional and cash buyers have effectively priced themselves out of the market. During the economic downturn, much inventory was purchased by these groups and now that housing prices are rising, there's less incentive for these kinds of buyers, yet affordability for
consumers remains attractive.

        According to figures, the number of houses for sale in the Charleston region increased 32.6 percent and inventory levels shrank 14.0 percent, while the average sales price of homes in the Charleston area increase by 2.3 percent to $209,662. The number of days houses stay on the market in the Charleston area decreased by 18.2% to 76 days.

The number of the properties in the Charleston area on which contracts have been accepted year to date reached 7,344 ( 23.1%)  which is a 12.5% increase from last year’s 10 ...

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Saturday, September 07, 2013   /   by Fra Jamir

Living the life in Charleston, SC

       The Charleston area is one of the most beautiful and historical cities in the United States.  With an area population of approximately 650,000, Charleston is growing rapidly. It is a popular place to live today due to a strong local economy, wonderful weather and the number of visitors who grace the lovely city. Charleston area is known for its hospitality - serving an estimated 5 million visitors every year. Lastly we have retirees who fall in love with the area and decide to make Charleston their new home.

     Voted the number one city in the world by Conde Nast Traveler and always a favorite with readers in many publications such as Travel Leisure, Southern Living and many more, Charleston is consistently a winner in many awards and been named as America’s Friendliest City, Best Southern City, Most Livable City, Most Mannerly City and more.  

     The Charleston has always been a cen ...

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