August at a Glimpse
- There were 16 residential closings for $11.7 million in Charleston inside the Crosstown in August, 2010 versus 23 for $12.9 million last August.
Year to Date
- YTD there have been 187 closings for $143.9 million versus 145 closings for $120.3 million last year.
- So far this year, the price of the average sale is $769,397 versus $829,606 last year.
This is still a good time to buy real estate. There is a good level of selections, sellers are motivated, and interest rates are still low.
- Fiserv and Moody’s Economy.com predict that real estate prices in the US will increase by 7.2% between the first quarter of 2010 and the first quarter of 2014. They predict the price of real estate in the Charleston area will appreciate 19.6% over that period.