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September 2011 Archives

Purchase of foreclosed property can affect local values

The purchase of short sales and as well as foreclosed property has continued to have an impact on Charleston real estate transactions. However, the news seems to be gradually improving. According to a recent report from the Charleston Trident Association of Realtors, August was found to be the busiest month this year, with 904 homes selling at a median price of $185,000. While the median price was about 7 percent higher a year ago, 33 percent more sales closed this August than last. In making sense of the figures, it was noted that purchase of foreclosed property and short sales have and will affect pricing until those homes are cleared from the inventory.

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North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
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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
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Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
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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
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Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
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Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
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