Tuesday, September 14, 2010

Charleston SC Real Estate Market Returning to Normal

Residential Real Estate Market Shows Signs Of Normal Activity

According to preliminary data released by the Charleston Trident Association of REALTORS® (CTAR), 681 homes sold at a median price of $199,055 in August. This reflects a nearly 4% increase in sales and a 6% jump in prices compared to August 2009, when 658 homes sold at a median price of $187,840.
Year to date, 5,624 homes have sold, compared to the 4,685 that were reported at this point in 2009. The year-to-date median sale price is a healthy 2% ahead of this point last year—$183,982 as of August 2009, and $188,207 thus far in 2010.

“Sales volume is up 20% year-to-date. While the gain is across all price ranges, the August figures suggest that stability is returning to the market after the post Tax Credit drop-off. We’re moving toward a more normalized market, as consumer confidence is being restored slowly” said David Wertan, Broker/Owner of RE/MAX Advanced Realty in Mount Pleasant, SC.

As of August 31, there were 9,552 properties listed as actively for sale in the Charleston Trident Multiple Listing Service (MLS), this includes vacant lots and condos which are not able to be financed in this market and in my opinion is thus very misleading.

When working with buyers it is becoming more and more difficult to find a home that shows well and is priced correctly. Rates are at some all time lows and buyers should get off of the fence and buy now before they wind up kicking themselves later for not buying in 2010.

Wednesday, September 1, 2010

BBQ & Blues Festival at Boone Hall Plantation

Check it out and bring the family out to Boone Hall Plantation this Sunday where RE/MAX Advanced Realty is sponsoring the BBQ team run by Bruce Perdue known as the Double D's BBQ.

It should be lots of fun as we plan to have corn hole set up and lots of prizes to win, with great music, great BBQ and a few beers.

It is a Family Friendly Enviroment and We Hope to See YA'LL There !!

Look for our RE/MAX Balloon.

Thanks, David Wertan, BIC of RE/MAX Advanced Realty in Mt Pleasant, SC