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.”
Posted on July 14, 2014, in CHS, CHS SFR Residential Market, Downtown CHS, Market Reports, The Post and Courier, Transactions and tagged Charleston Trident Association of Realtors, downtown, economy, high-end residential, luxury market, single-family market. Bookmark the permalink. Leave a comment.