Home sales in the Mt Pleasant area appear to have reached their bottom, but many sellers are still expecting the 2005/06 market numbers which had high price levels and quick sales .... maybe that condition will come back .... but it appears to be a couple years from now ... in the meantime ... bargains abound..
In the last 30 days the average Single Family (not condo) home sold for $426,291 with a median of $380,000 and a high price of $1,475,000. On average .... homes were on the market for 113 days ..... compared to 132 days for the previous 30 day period.
A very definate "buyer's market" ... There are fewer buyers in the Mt Pleasant market due to the average price having risen to the point where first time home buyers are being forced into adjacent housing markets where home ownership is less. Aggresive sellers are lowering their prices to capture the buyers that are in the market. Inventory of preowned homes is much higher than this time last year.
Well priced, well presented homes are still selling in only a few weeks. So, if you are a buyer, have your financing in order and be ready to act quickly.......and If you are selling, beware of willing buyers who are unable to get the financing necessary for the increased price of homes and insurance. A knowledgeable, full-time realtor is essential to ensure your deal "goes thru". (I'm available)
.... AND ... Call me if you want help finding that special home in the Charleston area or if you already live here and want to know what your home will sell for. A complimentary Market Analysis is always available * * * Call Chuck at 843-819-8444 or go to my website: www.CharlestonMLS.com
ZIP Codes: 29464, 29466 Approximate Location Boundaries: North East of the Wando and Cooper Rivers
Location Characteristics: One of the faster growing areas of the trident region. In 1979 the population was 11,800. Today it has 65,000 and now the 5th largest city in the state. Its location, close to the coast and beaches, just a few minutes from the historic Charleston downtown and still only 25 minutes to the airport make it a very desirable place to live. Being a little warmer in the winter and a little cooler in the summer also adds to its desirability.
About Chuck OMorrow:
Chuck is a multi-million dollar Charleston area REALTOR with over 25 years of sales and marketing expertise. He specializes in First and Second home sales and works with a number of builders on New Home and New Construction sales. Let Chuck's experience work for you!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
