Real estate sales in Charleston inside the Crosstown are bucking the national trends we hear so much about.
Through November, 2008 there were 252 residential sales inside the Crosstown for an average price of $853,037. That compares with 366 closings in the first eleven months of 2007 for an average price of $840,022 according to MLS. So, while sales were down 31% the price of the average sale was up 1.5%. That’s strong.
Looking at condo sales below the Crosstown, this year there have been 105 closings with an average price of $675,188. Last year through November there were 176 sales with an average price of $539,500. So, while sales were down 40%, the price of the average sale was up 25%. Great news!
Please remember these are macro numbers dependent on the products sold.