Terry & Tim's Insight on the Real Estate Market
October 13, 2020 Update
September was another incredible month in the Charleston real estate market!
Are You Ready?
Are you thinking about buying or selling? Not sure if now is the time? That’s why we do our monthly market updates! We use our 20+ years of local real estate experience combined with our market analysis tools to uncover trends in the real estate market. Our honest approach will tell it like it is so you have the knowledge to guide you in your buying and selling decisions.
September 16, 2020 Update
We have started to see a seasonal slow down, but YTD, the total number of transactions are up 5.8% and the median sales price is up 6.2%. One number that is not up is the number of properties for sale. We still have less than 3,500 properties for sale in all of Charleston. This is a great thing if you’re a seller! Demand is high and supply is low.
August 25, 2020 Update
Since April, we have seen record setting levels of activity in the local real estate market. With extremely low inventory, homes are going under contract quickly and values continue to rise!
Although we’re seeing great numbers right now, there are a few things in the coming weeks and months that could impact the real estate market: the starting of the school year, hurricane season and the election.
August 12, 2020 Update
There are 3 numbers that you should always be aware of when looking to buy or sell.
1. Number of recent sales
2. How many competing properties that are available
3. Sales prices in your neighborhood
Tim explains all of these in more detail in our video shown above. If you want to learn more about these numbers in your neighborhood, give us a call!
July 29, 2020 Update
Check out our brand new listing at 301 Beresford Creek on Daniel Island! Interest rates continue to be at record lows, right around 3%, and there is only about 2.5 months of inventory in the Charleston area, so it’s a win-win for buyers and sellers!
If you’re thinking about buying or selling, give us a call! We can tell you what’s available in your neighborhood, or help you figure out what the best options are for you. Don’t forget to check out this amazing new listing as well.
July 14, 2020 Update
The Charleston real estate market currently has 2.5 months of inventory, which is remarkably low! As a seller, this means there isn’t much competition. If you’re not competing with as many other sellers, you can be more aggressive with pricing.
So, if you’re interested in selling your home, give us a call! We can talk about the competition in your neighborhood, and answer any questions you have!
July 7, 2020 Update
Last week 529 properties went under contract. This is only the 4th time to exceed 500 properties in a single week! In previous years we start to see a seasonal slow down this time of the year.
So, if you’re interested in buying or selling a home, give us a call! We’d love to answer any questions you have and help you get your home ready so you too can benefit from this incredible market.