Charleston Real Estate- YTD 24% Increase In Sales compared to 2012

(9/2013) According to preliminary data released by the Charleston Trident Association of REALTORS®, 1,278 homes sold at a median price of $217,462 in August. Last August, 1,034 homes sold at a median price of $199,414 in the region.

2013 Year-to-date– 8,706 homes have sold —-median price of $205,417—-average of 87 days on market.

Compared to this point in 2012—– sales have increased by 24% —– median price increased by 7.6%—- Days on market have declined by an average of 27 days —–homes are selling nearly a month faster than  a year ago!  In August 2012, year-to-date figures showed 7,030 sales at a median price of $190,907.

Berkeley County
257 homes sold at a median price of $180,000 in Berkeley County in August. The most active area in the county was the area bordered by Jedburg Road, Highway 17A and College Park, with 66 sales at a median price of $175,045.

Charleston County
Charleston County sales and median price increased in August, with 731 sales at a median price of $270,000. Homes in the county are spending an average of 77 days on market, the lowest average recorded this year. Outside of Mount Pleasant, where 250 homes sold at a median price of $381,125, the county’s most active area was James Island, with 83 sales at a median price of $245,000.

Dorchester County                                                                                      253 homes sold at a median price of $165,000 in August in Dorchester County. The most active area of the county was Summerville/Ridgeville, where 101 homes sold at a median price of $184,990.

Read Full Report By Charleston – Trident Association of Realtors;  http://www.charlestonrealtors.com/marketreports/