Charleston SC Homes For Sale : October 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 : October 2015 National Housing Trends

Charleston SC Homes For Sale : September 2015 National Housing Trends

Increases in September for Investor Share Of Home Purchases, Distressed Properties
 
September marked a shift for certain trends in the housing market, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. After months of fairly steady declines, both the investor share of home purchases and the share of distressed properties in the housing market increased last month.
 
Investors accounted for 15.2% of purchases in September, based on a three-month moving average. Investors accounted for 14.4% of home purchases the previous month and a 15.5% share in September 2014.
 
Current homeowners accounted for 49.2% of home purchases in September while first-time homebuyers had a 35.6% share. The market share for both types of homebuyers declined compared with August, marking the first decline in the current homebuyer share of home purchases seen in the previous six months.
 
A number of factors appear to be driving investor activity, including at least two outside of typical seasonal patterns. Real-estate agents suggest that continued increases to home prices are providing incentives to flip properties. And rising rents are making investment properties an attractive option for some investors.
 
The distressed property share of home sales also increased in September after six months of declines. Short sales and real-estate owned properties accounted for 17.5% of home sales in September, up from a 16.6% share the previous month and down from a 21.3% share in September 2014.  
 
Many investors focus their purchases on damaged REOs, which accounted for 5.9% of home sales in September.  Learn more about the October 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

Charleston SC Homes For Sale : Charleston Metro Area Real Estate Sales Strong Going Into Fall

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 : Charleston Metro Area Real Estate Sales Strong Going Into Fall

Charlleston Metro Area Real Estate Sales Strong Going Into Fall

Charleston Metro Area Real Estate Sales Strong Going Into Fall 
 
CHARLESTON, SC—(October 10, 2015) 1,437 homes sold in September in the region at a median price of $233,545 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In September 2014, 1,311 homes sold in the region at a median price of $213,722.
 
Year-to-date data shows that sales volume is 16% ahead of where it was in 2014, and median price has increased by 3% in the region. Thus far in 2015, 12,440 homes have sold at a median price of $221,000. Through September 2014, 10,720 homes had sold at a median price of $215,000.
 
There are 5,761 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS), about 10% fewer than this time last year.
 
“We are heading into the fall season, with very strong market activity” said 2015 CTAR President Matt DeAntonio. “Buyers are still very active in the Charleston region, which isn’t always typical this time of year” he said. “With this ongoing interest and activity, we expect sales to surpass 2014 by at least 15%, and regionally, prices should continue to grow at a steady but sustainable pace” he concluded.
 
Much of the CTAR’s focus this month has been on supporting communities around the state who were affected by the devastating flooding. On Friday, the CTAR Board of Directors voted to contribute $20,000 to the Realtor® Relief Foundation. The funds will go to support those who have been affected by the SC Floods. The Board also approved a $5,000 donation to the local Salvation Army. “It is crucial that we come together and support our neighbors, communities and those in need across our state” said DeAntonio.

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

September 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:  September 2015 Charleston SC Housing Newsletter by Carolina Joe Idleman 

Charleston SC Real Estate For Sale:  September 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 September 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 yourGreater charleston 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

Charleston SC Homes For Sale : September 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 : September 2015 National Housing Trends

Charleston SC Homes For Sale : September 2015 National Housing Trends

Housing Metrics in August Stronger than Year Ago though there are Signs of Softening

 
With a surge in market share for current homeowners, the housing market continued to show strong metrics through August. While sales-to-list price ratios and time on market showed better readings than a year ago, some industry participants cautioned that the market was softening in the second half of August.
 
Current homeowners accounted for 49.3% of purchases in August, based on a three-month moving average after hitting a 12-month low of 44.9% in March.  The first-time homebuyer share was 38.3% in May – a level not seen since 2010.  But higher home prices and seasonal patterns combined to push the first-time buyer share down to 36.4% in August. The investor share of home purchases has also fallen from 18.7% in March to 14.4% in August.
 
The sales-to-list price ratio for non-distressed properties sold in August was 98.3%. The metric declined modestly compared with the 98.5% sales-to-list price ratio for non-distressed properties in July but remained above the August 2014 level of 97.5%.
 
All three states on the west coast maintained sales-to-list price ratios above 100% in August, led by California at 102.2%. Properties in the Farmbelt had the lowest sales-to-list price ratio during the month at 96.1%.  “The market had its seasonal slowing in August,” said an agent in California.  “But the market is still very hot. Inventory is low and home buyer demand is high.”
 
The average number of offers on non-distressed properties peaked in June at 2.2. Non-distressed properties sold in August received an average of 2.1 offers, slightly outpacing the average of 2.0 offers in August 2014.  Learn more about the September 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