September 2015 Charleston Area Market Report

The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Homes are truly unique. I look forward to helping you with any of your Charleston SC Homes For Sale needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Homes For Sale : September 2015 Charleston Area Market Report

September 2015 Charleston Area Market Report

SALES AND PRICES STABLE AS SUMMER DRAWS TO A CLOSE
CHARLESTON, SC—(September 10, 2015) 1,376 homes sold in August in the region area at a median price of $219,950 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Of those homes, 1,325 were located in Charleston, Berkeley or Dorchester counties. In August 2014, 1,360 homes sold at a median price of $215,000.
 
Year-to-date data shows that sales volume is about 16% ahead of where it was in 2014, and median price has increased by 4.8% in the region. The pace of sales has relaxed slightly—we’ve been tracking a consistent 19% ahead through most of 2015. However, it is expected and normal for sales to decelerate this time of year. Thus far in 2015, 10,996 homes have sold at a median price of $226,000. Through August 2014, 9,409 homes had sold at a median price of $215,500.
 
Of the 5,647 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS), 1,585 or 28% of listings are in the $200-300,000 price range, and 41% of listings, or 2,317 homes are above the $300,000 mark.
 
“It’s typical for the pace of sales to begin cooling off this time of year, but we’re still on track to significantly improve over 2014 sales volume” said 2015 CTAR President, Matt DeAntonio. “Our inventory remains steady with approximately 5,500 homes, about 1,000 fewer homes than we had on the market at this time last year” he said. “The areas that are supporting smart development, and are adding to the inventory of available homes—West Ashley outside I-526, Goose Creek and Moncks’ Corner—are outperforming other areas in our region because they’re offering options to homebuyers” he continued. “Collectively, we need to invest in smart growth options and commit to expanding our existing infrastructure—with dozens of people moving to our region every day, we need to be proactive in growing with our community, rather than trying to react to it” he concluded.
 

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Homes For Sale needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Homes For Sale anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Homes For Sale : August 2015 National Housing Trends

The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Homes are truly unique. I look forward to helping you with any of your Charleston SC Homes For Sale needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Homes For Sale : August 2015 National Housing Trends

Charleston SC Homes For Sale : August 2015 National Housing Trends

Housing Market Strong Through July, Continuing Springtime Momentum
 
The strong springtime housing market continued into the summer, with various metrics outpacing levels seen a year ago, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
 
Sales-to-list price ratios remained elevated, indicating strong demand, particularly from current homeowners.
 
The sales-to-list price ratio for non-distressed properties was 98.5% in July, based on a three-month moving average. The ratio was level compared with the previous month and up from 97.7% in July 2014.
 
As prices on non-distressed properties have increased, buyers have put an increased emphasis on lower-priced homes. “The minute a good home listed between $125,000 and $150,000 comes on the market it’s like ants on sugar, with multiple offers and the price zooms up,” said an agent in Texas.
 
All three states on the west coast had average sales-to-list price ratios above 100% in July, an uncommon event. In California, the sales-to-list price ratio averaged 102.9% during the month while the Industrial Midwest had the lowest average sales-to-list price ratio at 96.7%.
 
The average time on market for non-distressed properties continued to decline, hitting 8.2 weeks in July, down from 8.5 weeks in June and 8.4 weeks in July 2014.  The Pacific Northwest had the lowest time on market for non-distressed properties during the month at an average of 4.6 weeks while the South had the longest average time on market for non-distressed properties at 10.3 weeks.  Learn more about the August 2015 National Housing Trends here.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Homes For Sale needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Homes For Sale anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

August 2015 Charleston SC Housing Newsletter by Carolina Joe Idleman

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe that Charleston SC Homes are truly unique.  I look forward to helping you with any of your here at Charleston SC Homes For Sale we look forward to meeting all your real estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate For Sale:  August 2015 Charleston SC Housing Newsletter by Carolina Joe Idleman 

Charleston SC Real Estate For Sale:  August 2015 Charleston SC Housing Newsletter by Carolina Joe Idleman

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends August 2015 Newsletter http://carolinajoe.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your Charleston South Carolina Metro area home, click the “Home Evaluator” link for a free evaluation report:

http://carolinajoe.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Carolina Joe Idleman