As far as buying activity, the Charleston real estate market has never seen numbers like these. Ever. The previous record was 396 properties under contract in a single week, but that was eclipsed in mid-march when we had 397. Two weeks later we shattered that record again with 439 properties under contract. Even more encouraging is prices remain steady and sustainable.
Mount Pleasant, Summerville and James Island remain the hottest areas in the Charleston real estate market while island home sales have picked up substantially in the past few weeks as well. According to a new study by the National Association of Realtors, “more people bought vacation homes last year than the year before — and the majority of those purchases were on the beach”. Although beach home sales are on the rise, many second home buyers are opting for properties in historic downtown Charleston and Mount Pleasant sacrificing the beachfront for more square footage or proximity to the city.
If you are thinking about selling your Charleston home or are just curious what your home is worth check out our sister site: www.CharlestonListing.
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Matt Anderson
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