Charleston Real Estate Market Report, March 2014

14 march monthly sales

March home sales and home prices were higher but so is inventory and that may or may not be a good thing as Martha likes to say. An increase in inventory is good for home buyers who might have had difficulty finding a home but not quite as good for home sellers since increased competition…

This week in Charleston real estate

this week in Charleston real estate

Congrats to Bubba on winning The Masters but you just have to like Jordan Speith for how well he played and what a great future he certainly will have. Mark your calendars for Father’s Day and The US Open at Pinehurst and wouldn’t you like to see Phil and Jordan in the final group! But…

It’s The Masters

It's The Masters

Just a couple of hundred miles up the road from Charleston and across the South Carolina border is Augusta GA, home of The Masters. I don’t know what you’ve got planned for this weekend whether it’s searching for Charleston homes for sale or visiting open houses but I’m doing what I always do during The…

Where there’s inventory, where there isn’t

homes for sale in Charleston

Available homes for sale in Charleston just topped 6000 for the first time in 2 years but inventory still remains pretty low in some areas. The absorption rate is a very balanced 5.4 months throughout the Charleston area based on 1117 homes sold in March. In order from low to high absorption rate, let’s take…

This week in Charleston real estate

this week in Charleston real estate

More new listings, more homes under contract and more home sales translates into a more, more and more kind of week in the Charleston real estate market. For the second week in a row, new listings hit 500 and as of this morning in the Charleston MLS, there are 5992 active listings so we should…

A time for change

change

It’s a time for change. Right here. Right now. I’ll call it less is more. Almost 2500 posts ago, I began blogging in the fall of 2006 and that was the popular thing for Charleston real estate agents to do. Write a post, interact with those who comment and give people a way to know…

Charleston, a spring trifecta of big events

bridal veil spring 2014

It doesn’t get any busier than this weekend in Charleston with 3 big events, The Cooper River Bridge Run this Saturday from Mount Pleasant to Historic Charleston, Summerville’s annual YMCA Flowertown Festival Friday through Sunday and The Family Circle Cup at the Family Circle Tennis Center on Daniel Island continuing through Sunday. You can do…

How to sell your Charleston home

Selling your Charleston home

Price it right Buyers look for value at any price point so if your home is priced above market value of comparable properties that have sold recently, it won’t get viewings. Pricing need not be exact but it should be within a proper price range. Now if your home is in an excellent location, shows…

This week in Charleston real estate

this week in Charleston real estate

There are some big numbers to report in this week’s Charleston real estate report. In the little over 2 years that I’ve run this featured post every Monday, I don’t recall a week with 500 new listings but the market has definitely been trending in that direction and this week we hit that milestone. And…

Are Millennials buying homes

home purchase statistics

There are some media reports suggesting that Millennials are struggling financially and are unable to buy a home due to high levels of student debt, high unemployment and a lack of savings. But according to the National Association of Realtors, Millennials account for more than two-thirds of recent first-time homebuying and nearly one-third of recent…