Category Archives: Real Estate (Market info)

This Category features Charleston area market data and information

Freddie Mac: 2015 Home Sales to Hit 2007 Levels

According to Freddie Mac’s latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal real estate market. Here is their projection:

“We are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since 2007.”

And their optimism was seconded by both the National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA).

Freddie Mac: 2015 Home Sales to Hit 2007 Levels | Simplifying The Market

It seems that an improving economy and jobs market will mean a very healthy housing market.

Gena Glaze

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Filed under Home Buying (For Buyers), Real Estate (Market info), Selling Real Estate (For Sellers)

Proof That It Is A GOOD Time to Sell!

Proof that NOW is a Good Time to Sell | Keeping Current Matters

Most homeowners believe that the winter is not a good time to sell. This belief is based on the fact that historically the number of buyers decreases in the winter and then increases dramatically during the spring buying market. Though this is still true, there is an interesting pattern developing over the last few months.

The number of prospective purchasers actively looking at a home (foot traffic) has remained strong going into the fall. As a matter of fact, the foot traffic far exceeds the numbers reported for the same months last year (see chart):

Foot Traffic Still High

At the same time, the National Association of Realtors revealed that the months’ supply of housing inventory has decreased from 5.5 months to 5.3. That equates to less competition for homeowners selling today as compared to next spring when many homeowners will decide to put their home on the market.

Bottom Line

Since buying activity is still strong, this might be a great time to put your house on the market.

From KCM Crew

Gena Glaze


 

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Berkeley County SC – Real Estate Sales Over $500,000!

Berkeley County, South Carolina is one of the fastest growing counties in the United States with an extraordinary quality of life.  The county has a wealth of natural resources and historical landmarks that make it a popular place to live.

The county’s real estate sales have remained strong throughout 2014.  A variety of new construction opportunities along with exciting new communities like The Nexton Development have help keep the market lively.

The Over $500,000 market has also begun to increase this year. Check out the properties that are topping $500,000;

Thirteen Properties SOLD above $500,000 so for in 2014 – Prices ranged from $515,000 – $900,000 (excluding Daniel Island)  CLICK TO VIEW

Curious About the Over 500k Market? – Check out ALL Properties listed for sale over $500,000 in Berkeley County   CLICK TO VIEW

Gena Glaze

 

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FREE Real Estate Property Search App for your Smart Phone! Charleston Area Real Estate

If you are looking for a user-friendly way to search real estate listings, Check out our new MOBILE APP!

Our App stays up-dated with  MLS data and allows users to search real estate listing with ease!  You can search listings based on a wide variety of criteria.  Our app features easy geographical searches,  New Listings  and even Recent Price Changes!  Super easy to use and easy to retrieve from the Apple App Store or Google Play!

Open a new text message –  send to 8778  

in the text field enter code –  C1RETTA

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Gena Glaze

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National Housing Market Holding Strong and Steady

National Association of Realtors Reports Healthy Sales Statistics!

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Charleston Area Real Estate – Recent Stats -3rd Quarter- 2014

Recent Sales Data from Charleston Trident Association of REALTORS®  

Strong Activity in Berkeley and Dorchester Counties Help Push Year-to-Date Home Sales Past 10k Benchmark in September

CHARLESTON, SC—(October 10, 2014) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 1,293 homes sold at a median price of $214,500 in September. Last September, 1,157 homes sold at a median price of $205,000.

Significant sales gains in Berkeley and Dorchester Counties bolstered the increased activity this month. The availability of new construction in both these Counties seems to be, at least in part, supporting this surge of activity. In Dorchester County, robust sales in the Summerville/Ridgeville area accounted for nearly half of the County’s transactions, buoyed by new construction sales in Drakesborough and The Ponds.

Year-to-date, sales are about 6% ahead of this point last year—a healthy and sustainable level of growth. “The steady growth in sales so far this year is a good indicator of the health of our market” said 2014 CTAR President, Corwyn Melette. “Median Sale Price has risen as well, just under 6%, and should be sustainable as we continue to see more companies moving to or establishing themselves in our area, bringing more jobs and investing in the Charleston region” Melette said. Year-to-date, 10,416 homes have sold in the region at a median price of $217,267.

At the end of September, there were 6,040 homes classified as active for sale in the CTMLS. At this time last year, there were 5,676.

August Adjustment
Preliminary data reported for August 2014 indicated that 1,358 homes sold at a median price of $215,000. Adjusted figures now show 1,381 homes sold at a median price of $214,500.

Berkeley County
303 homes sold at a median price of $177,775 in Berkeley County in September. The most active area in the county was the North area bordered by Jedburg Road, Highway 17A and College Park, with 80 sales at a median price of $191,470.

Charleston County

During September in Charleston County, 660 homes sold at a median price of $277,663. Outside of Mount Pleasant, West Ashley (outside I-526) was the most active area, with 96 sales at a median price of $235,059.

Dorchester County

249 homes sold at a median price of $189,900 in September in Dorchester County. The most active area was Summerville/Ridgeville, where 140 homes sold at a median price of $209,157.

 

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Charleston Market -Under Contract; Quick, Quick, Quick!

The statistical data is looking good for the Charleston area and as a Realtor, first hand, we are seeing more showings, more inquiries, and our listings are SELLING QUICKLY!

Real Estate is HYPER-LOCAL so you need to understand the unique characteristics of your neighborhood, your property and your competition.  But with the right marketing for your specific property and area, you could MAKE A MOVE this Spring ….And possible QUICKLY!

TWO RECENT EXAMPLES

104 Trickle Dr—MLS# 1413138  -Bradford Chase –Summerville – UNDER CONTRACT in 3 DAYS!

8556 Royal Palms Ln-MLS# 1413168  Indigo Palms—N Charleston –UNDER CONTRACT in 12 DAYS!

 

Under Contract Quickly!Contact us if you are considering selling your home!

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National Association Of Realtors; Sales UP, Prices UP, Inventory UP & Distressed Sales Down!

National Association of Realtors latest report indicate that National Home Sales are Up,  Prices are UP, Listing Inventory is UP and Distressed sales are decreasing!

nar-sales up

 

 

 

 

 

 

 

 

If you are considering buying or selling a home, Contact me, Id love to help! Gena Glaze

 

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Sales and Median Price up in Charleston Area – S.C. Real Estate

The number of homes sold and their median price was up last month in the Charleston region compared with April 2013.

In April, 1,143 homes were sold at a median price of $215,000, according to preliminary data released by theCharleston Trident Association of Realtors. Last April, 1,028 homes sold at a median price of $200,000. In March, 1,120 homes sold at a median price of $219,066, the association said.

Home sales, median price up in Charleston regionInventory also increased slightly in April to 5,994 homes listed as “active” in the Charleston Trident Multiple Listing Service, according to the association.

“The local market is continuing to see a sustainable increase in sales and price, which is a positive sign as the traditional buying season gets into full swing,” Charleston Trident Association of Realtors President Corwyn Melette said in a statement. “Mortgage rates have declined to a six-month low, which means buyers can still make the house they want a financially viable option in spite of the rising median price.”

In Berkeley County, 222 homes sold last month for a median price of $176,000. The northern part of the county — bordered by Jedburg Road, Highway 17A and College Park — was the most active area with 60 sales at a median price of $161,750, the association said.

 

More From Charleston Regional Business Journal

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Charleston Area Population -Where Do The People Come From?

 

Tri-County Area Population – Approximately, 29,600 people move to The Charleston area each year from other states.  Where do they come from?

The Top Seven States

top 7 states

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Approximately 24,700 people move away from the Charleston area, to other states, each year. They are also more likely to move to one of these top 7 states.

From Other S.C. Counties

The Charleston Area also receives residents from other areas of South Carolina each year.  The five counties that send the largest number of people to the Charleston area, are;

top counties

 

 

 

 

Residents in Motion 

Each year, an estimated 16,000 people move to another county within the Charleston metro area.

tricounty moves

 

 

 

 

 

 

 

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