Mid-Year Home Sales Continue To Rise

Thinking of selling your home? Real Estate Agent, Stephanie Toole with the Matt O’Neill Real Estate Team, sent us the latest market information for home sales in the Lowcountry! Check out her article below.

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Midyear Sales Continue to Rise

Stephanie Toole with Matt O’Neill Real Estate Team

CHARLESTON, SC—(July 10, 2014) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 1,423 homes sold at a median price of $227,500 in June. Last June, 1,314 homes sold at a median price of $219,340 in the region.

Halfway through the year, sales and prices are up from last year. Data shows 6,613 homes have sold at the midway point for 2014 at a median sales price of $216,273. At this time last year, 6,117 homes sold in the region at a median price of $200,440 – giving the market an 8% increase in home sales and median sales price.

“We are seeing what housing experts expected – sustainable growth in closed transactions and median sales price at the year midpoint. This continues to indicate the Charleston metro housing market is on good footing and a wise investment,” said 2014 CTAR President, Corwyn Melette.

May Adjustment
Preliminary data reported for May 2014 indicated that 1,294 homes sold at a median price of $218,000. Adjusted figures now show 1,310 homes sold at a median price of $217,547.

Berkeley County
316 homes sold at a median price of $183,995 in Berkeley County in June. The most active area in the county was the North area bordered by Jedburg Road, Highway 17A and College Park, with 87 sales at a median price of $194,580.

Charleston County
In Charleston County in June, 798 homes sold at a median price of $291,000. Mount Pleasant was the most active area where 242 homes sold at a median price of $398,750, followed by West Ashley outside I-526 with 114 sales at a median price of $223,500 and James Island with 91 sales at a median price $257,310.

Dorchester County
271 homes sold at a median price of $187,900 in June in Dorchester County. The most active area was Summerville/Ridgeville, where 133 homes sold at a median price of $225,000.

 

Stephanie@mattoneillteam.com
Matt O’Neill Real Estate