Charleston Area Market Stats through April (and other news)
April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase…While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer.
~ Charleston Trident Association of REALTORS® (CTAR)
Market Statistics by Area:
Closed Sales +47.6% | Median Sales Price +18.6% | Months Supply -80.0%
4 Parrothead Lane, Lowndes Pointe
5 beds, 4 full and 1 half bath, 4200 sq ft | Offered for $1,790,000
A waterfront paradise in a Downtown location – what could possibly be better? Nestled in Lowndes Pointe, this custom built home is located on one of the largest lots in the neighborhood, boasting long distance views of the Ashley River, over 1000 square feet of decks on multiple levels, a stunning 700+ sq ft master suite, sparkling salt water pool, and much more. For more photos and information, visit www.4ParrotheadLane.com.
“Because my wife and I had moved out of state, we hired Jack Hurley & Priscilla Shumway to sell our home and help us invest in a rental property. Within 24 hours of listing our home we had multiple offers and sold over asking price. They helped us negotiate an offer on a rental condo and helped to secure a tenant. Their attention to detail and patient advice was invaluable as we were across the country. Thanks Jack and Priscilla! We will use you again when we return to South Carolina!”
Charleston Coast Vacations
NEW VACATION RENTAL!! 1029 West Ashley Avenue “The View”
This brand-new custom-built property boasts some of the best views on Folly Beach. Beautiful interior furnishings, huge windows filling the kitchen and living room with natural light, and an oceanfront infinity pool give this house extra special touches. Summer availability is already limited, so book fast! bit.ly/TheViewFollyBeach