Charleston Real Estate

Volvo joining the party here in Charleston, SC
February 1st, 2016 10:36 AM

Hi y'all,

The real estate market in Charleston continues to rage on.  Buying activity was at unprecedented levels through the November through January months, where we normally see a bit of a slowdown.  2016 will surely set many records. The end of the year numbers are in and we had a great 2015.  We sold 15,490 homes and condos for a 13.9% rise over 2014 and the 3rd busiest year ever.  7 MLS areas were up over 20%. Median sales price rose to an all time high of $235k, 5.9% above 2014. 8 MLS areas had median prices that were up over 10% over 2014.  Boeing is adding more buildings and seems very happy here in Charleston. Volvo noticed that and announced their plans for a plant here.  The software and IT industry is booming and earning Charleston the nickname of Silicon Harbor.  New restaurants are opening every day and that is being noticed in foodie magazines everywhere.  We were just ranked as the 2nd hottest real estate market in the US and the 2nd most moved to city in the US.  Things are good here in the Holy City.

Call me when you're ready to buy or sell. I have the advantage of knowing what values actually are since I am a Certified Residential Real Estate Appraiser as well.

Posted in:General
Posted by Joe Kavanagh on February 1st, 2016 10:36 AMPost a Comment

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