Tag: Charleston Trident Association of Realtors
by Liz Poore, dunes properties of Charleston agent, 843.513.1767
Great news came this week for local Charleston real estate. According to the Charleston Trident Association of Realtors, home sales had their strongest January since 2008. The local housing report found that 634 homes sold at a median price of $181.750 last month. Sales volume is also up sixteen percent with the median price up three percent compared to 2012. This is a nice reminder that 2013 has been predicted to be a turn-around year for the housing market. Read the full article here.
And it’s not just Charleston. Another article released by the Wall Street Journal this week noted that home prices are rising in more markets nationwide. The National Association of Realtors reported Monday that the U.S. median home price rose 10% to $178,900 between 2011-2012, which happens to be the largest yearly gain since the end of 2005. 152 metro areas were examined, and almost all of them posted yearly gains. Things are definitely looking up.
Charleston was included in these statistics, North Charleston specifically, and showed a 4.2% increase.
– Liz Poore
Dr. Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors, delivered the keynote address and discussed the Charleston real estate market last Wednesday for area members of Charleston Trident Association of Realtors. He had lots of good things to say about the Charleston market in general. Read the whole story and watch the videos HERE.
Now what does all this mean to you as a homeowner, Buyer, or Seller? Be sure to talk to your agent, they are there for you whenever you have a question about home ownership and the market in general, not just if you are interested in buying or selling right now. You can speak pressure and commitment free to a dunes properties agent any time by calling 800.476.8444 or stopping by one of our four offices at 214 King St. downtown, 31 Center St. on Folly, 1400 Palm Blvd. on the Isle of Palms, or at Bohicket Marina near Seabrook/Kiawah Islands.
Charleston Trident Association of Realtors puts out quarterly video updates on the real estate market. It’s quick and informative so check it out!
Sales are up 8.2% from last 2010’s first quarter’s end, prices experienced a 6.1% dip. We’ve posted year over year gains, increasing sales, unemployment is declinging, we’ve had 13 consecutive months of private job growth and all this is cause for optimism.[youtube=http://youtu.be/JVW5WzfUGZ0]
Click here for the latest video from Charleston Trident Assocation of Realtors (CTAR). It’s a review of the first quarter of 2010 Charleston Residential Real Estate.
Sales are still up (23%)! Attractive rates and market incentive created a favorable buying environment.