Jump to Navigation
We can handle your closing anywhere in the state.
Subscribe to This Blog's Feed

Is the economy improving for home sales in South Carolina?

Living in Charleston, you need to know how your economy is affected by changes in real estate. For instance, some of the latest information out of South Carolina reports that December was a month for positive selling, Nearly 20 percent more homes were sold than in previous years and on top of that, the home prices increased by nearly 2 percent. While that may not seem like much, considering how hard the area was hit by the recession, this is an improvement and means the value of homes in the area is finally on the rise.

According to a trade association in South Carolina, there were 4,376 homes sold in December 2014. Areas with particularly high rates of sales included the Coastal Carolinas, Greater Greenville, Greater Columbus and Charleston Trident. With the data collected, the association showed that the state's median home price of $163,000 was recorded in December, but some areas, like the Hilton Head Island area, saw homes with a median price range of $275,000.

Also good news for sellers is the fact that the amount of time a property stays on the market has decreased by 5.7 percent. After 12 months of declines, the number of days a home is expected to stay on the market has fallen to 115. In the Charleston Trident area, the amount of time was listed, on average, as only 71 days.

When you want to buy or sell a home, understanding how the economy has affected the prices is vital. With limited foreclosures and markets available, you need to make the right choice when you buy or sell your home. With assistance, you can make sure your transaction goes smoothly.

Source: Charleston Regional Business Journal, "Number of homes sold in Charleston Trident up 18%" Ashley Heffernan, Jan. 21, 2015

No Comments

Leave a comment
Comment Information
Tell Us About Your Transaction

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
Maps and Directions

Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
Map and Directions

Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
Map and Directions

West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
Map and Directions

Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
Map and Directions

Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
Map and Directions