Our 4th Quarter Charleston Real Estate Market Report

The month of September proved to be strong for the Charleston real estate market in terms of home sales compared to months’ prior. According to the Charleston Trident Association of Realtors, 1,293 homes sold at a median price of $214,500 in September.

In September of 2013, 1,157 homes sold at a median price of $205,000. So, what does this mean for annual home sales figures? Year-to-date, home sales are up 6% ahead of where they were this time last year. 

Rest easy, Charleston real estate investors; the market seems to be in a healthy and sustainable place. As the city continues to attract new businesses to the area, the hope is that the market will continue to gain momentum – at a steady pace, of course. Getting a little bit closer to home, the historic district in downtown Charleston also had a promising September.

The average sales price of a single-family detached home south of Calhoun Street this time last year was $907,544. This year, we jumped up 5.9% to an average sales price of $961,169. The Charleston real estate market as a whole appears to be picking up speed this fall. Feel free to contact Handsome Properties for all of your real estate needs. We are happy to help you navigate the market!