Luxury Residential Market Recovering Nicely

The Post and Courier’s Jim Parker offers an article on the rebounding (er, rebounded) high-end housing market.  Some interesting stats:  1) there are some 634 home listings in Charleston Trident Association of Realtors’ online property search from $1M to $3.5M; 2) 49 are between $3.5M and $10M; 3) two are above $10M; 4) 61 homes sales above $1M thus far in 2014 (40% more than mid-2013′ stats) and that is just those south of the Crosstown, and 17 of those are more than $2.5M; and, 5) currently there are 147 homes for sale above $1M and south of the Crosstown.  One realtor attributed the high-end boom and recovery to:  “nationally recognized restaurants, thriving creative arts and tech scenes, and carefully preserved historic district, downtown Charleston offers a rare combination of beauty and charm, walkability, living history and sophistication.”

 

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on July 14, 2014, in CHS, CHS SFR Residential Market, Downtown CHS, Market Reports, The Post and Courier, Transactions and tagged , , , , , . Bookmark the permalink. Leave a comment.

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