Last week there was a 16.5% jump in Charleston real estate activity as the total number of properties under contract per week crossed the 400 mark. This will be the 10th time this year that we have crossed 400 properties under contract per week. In contrast, 2015 managed 400+ contingent properties just 4 times the entire year.
Most Popular Real Estate In Charleston Last Week
Overall there were 401 properties under contract up from 344 the week before. The most popular real estate in Charleston last week in terms of total numbers was the Summerville/ Ladson areas followed by Hanahan/Goose Creek and then Mt. Pleasant and West Ashley. All areas had a good week with the exception of Johns Island.
Although Summerville, Ladson, Hanahan and other outlying areas had an especially good week, Mt. Pleasant continues to be the most popular real estate in Charleston in terms of total sales. Specifically, the area north of the Isle of Palms Connector has been the hottest area in all of Charleston. From January through May there have been a total of 589 homes sold in this area. The area south of the Isle of Palms Connector has also been especially high, selling 486 properties over the same period. In addition, both of these areas’ median sales price is up over 5% on average compared to 2015.
Most Popular Real Estate In Charleston Overall
After Mt. Pleasant, the most popular real estate in Charleston is the Hanahan, Goose Creek, and Monks Corner areas. Because of the wide area of these districts, this is to be somewhat expected. Johns Island is up close to 20% in total sales and up 9% in median sales price compared to last year and areas around North Charleston are up over 23% in total sales. Overall, the entire Charleston market is up 15.8% in total sales compared to the same time last year. The combined median sales price for all areas is up from $239,000 in 2015 to $248,000 this year, which represents a 3.8% increase.
If you’re wondering how much your Charleston home is worth in today’s market you can get a free, instant home valuation at our sister site: www.charlestonlisting.com. If you just have questions about the buying or selling process, please contact me directly and I would be happy to answer all of your questions.
Phone: (843) 437-8386
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