Charleston Area Market Stats through July (and other news)
“The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including loan modifications and payment reductions. Borrowers with federally backed mortgages can lock in lower interest rates and extend the length of their mortgages. For borrowers who can’t resume their monthly mortgage, HUD will offer lenders the ability to provide all eligible borrowers with a 25% principal and interest reduction. The National Association of REALTORS® reported inventory of homes for sale nationwide rose slightly in June as more sellers list their homes, hoping to take advantage of record-high sales prices across the country. Even with renewed home seller interest, inventory overall remains 18.8% lower than a year ago, according to the NAR.”
~ Charleston Trident Association of REALTORS® (CTAR)
Market Statistics by Area:
Closed Sales +13.3% | Median Sales Price +14.8% | Months Supply -63.0%
708 E Erie Avenue, Folly Beach
3 beds, 2.5 baths, 1390 sq ft | Offered for $1,325,000
Take in breathtaking sunset views of the Folly River from this updated and well-maintained Folly Beach home. The living area with giant vaulted ceilings and kitchen are on the first floor along with the master bedroom and spacious master bath. Off the living area is a screened porch where you can relax and soak in the beautiful sights or entertain a larger crowd on the adjoining deck. Upstairs are two bedrooms split by a full bathroom. With a long list of updates already made, it’s worry-free and ready for you to move right in! For more info, visit: www.708EastErie.com.
“Some buyers are looking to get away from the hustle and bustle of living in a growing city. Others have been interested in affordability, lifestyle, desire for land, and water access.“ (Slowikowski, Post & Courier)
Congratulations to Kain Slowikowski, featured in the Post & Courier‘s article Rural rise: Buyers move to the country for a low-key lifestyle. CLICK HERE to read the full article!
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