USC Economist Joey Von Nessen highlighted the Charleston Trident Association of Realtors luncheon this week and says he expects prices to rise some 8.1% in 2017 as compared to 2016’s 9.3% rise, adding the state economy is “on solid footing for 2017” and Charleston’s economy growing at the state-best 3.2%. Warren Wise has the article here for The Post and Courier.
Thus far in 2015, 9,600 homes have sold, up 19.3% from this time last year, and already past the total that sold for the entire year 2011. According to the article by Warren Wise of The Post and Courier, the Charleston Trident Association of Realtors also reports home sales in July alone were up 20.4% and the median price, at $237,750, was up 10%.
Warren Wise of The Post and Courier reports the CHS Trident Association of Realtors says the median home price in CHS rose 4.9% and the average home price increased 8.3% from last January.
For the first time since 2007, the Charleston Trident Association of Realtors reports over 800 homes sold for the first time in the month of January. But now with almost 40% less inventory, the market is much healthier and the demand is sustainable. 2014 finished with almost 9% more sales than 2013. The sub-markets with the most activity in terms of sales – N CHS outside 526, and in Berkeley County out Jedburg Road to College Park, and in the Summerville/Ridgeville areas of Dorchester County. Warren Wise of The Post and Courier has the story.
The Association reports just under 1,300 home sales in May, up a scant 1.3% from last May as inventory levels are falling (down 4.6%). Overall, for the first five months of 2013, total home sales are just over 5,000 and are up 6% from April, whereas we were up 21% in May 2013 vs May 2012; today’s median price stands at $218,000, up $6,000 from May 2013. The Post and Courier’s Tyrone Richardson has the article.
Tryone Richardson of The Post and Courier has an op-ed on the CHS region’s growth of its residential market, leading the state wit a 13.2% median price increase (to $215k) for Q1 2014 vs. Q1 2013, as compared to a 10.4% increase in the Southern Midlands region and 6.9% increase in the Western Upstate. I am not so sure all regions are compared (or available) so be careful with the information. See Tryone’s article here.
Tyrone Richardson of The Post and Courier reports the Charleston Trident Association of Realtors reported yesterday that first quarter home sales in the CHS region were up 11% from last year’s first quarter and prices to a median of $210,000, up 15%, as inventory is dwindling. The biggest home sales growth areas: Daniel Island and Cane Bay Plantation in Goose Creek.