Market Stats- Since the opening of The Real Estate Studio in historic Charleston in 2007, dunes properties has had a stronger focus in sales on the peninsula. Our downtown office is comprised of a group of agents that are experts in the downtown market, including the upper and lower peninsula. With this expertise combined with the strength of our other three offices, we have seen significant growth in the downtown market.
In the third quarter of 2014, dunes properties has sold $17,186,650 with over 40 sides. Closing out 2013 with $16,527,350 in sales, which was more than double the previous year, we have already surpassed last year’s total!
Compared to July 2013, the median sales price is up 21% and the number of days on the market has decreased almost 30% in historic Charleston. North of the crosstown, the median sales price is $304,500, which is 6% higher than this time last year.
Along with increased sales on the peninsula with dunes properties, the Lowcountry has continued to see growth in home sales and prices. July was the fifth month in a row that the Charleston area has seen inventory growth, opening up new opportunities for buyers who may not have found what they were looking for last Spring. Compared to July 2013, residential sales have increased from 7,417 homes sold at a median price of $200,834 to 8,016 homes sold at a median price of $216,250.