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February 10, 2012

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Local Market Conditions




Charleston, South Carolina Continues To Charm Homebuyers
An application for REALTORS®

Steeped in tradition that includes heaping helpings of Southern hospitality, Charleston's mild climate and East Coast location make it attractive to homebuyers.

"Charleston is a unique city, known for its southern charm, traditions, history, and its southern hospitality," says Realtor Barbie Bailey. "We have what you are looking for. The College of Charleston is located in downtown Charleston. Trident Technical College is located in North Charleston. The Medical University of South Carolina is located near the downtown area also. Tweaked your interest? Good! Charleston is a unique place to live. Come join us, you will be glad you did!"

Bailey explains, "The Charleston area is moving and grooving. Many major homebuilders are gearing up to start their 2005 new home editions. This means more neighborhoods that are new and more choices for the homebuyer. Interest rates are still low, making the Charleston market a good place to invest. Sellers are in a bidding war in certain locations, in addition, they are obtaining more than the asking price. Home prices are changing everyday so you may want to find an agent to locate a property when it first hits the market. Many people are buying their primary residence plus an investment property."

"Who wouldn't love Charleston?" agree Realtors Bob and Carrie Hughes. "With its horse-drawn carriages, the Citadel, history dating back to the origins of our country, Magnolia trees and Palms, this city has everything anyone could possibly want. Whether you want to live downtown in a modern condo or in a renovated mansion on the Battery, the life in Charleston is truly an experience. This city will take you back in time if you let it, and you will never lack for things to do. You must experience the ambiance of a true Southern setting."

"The Charleston area, consisting of Berkeley, Charleston and Dorchester Counties had a total of $220,106,491 in residential sales for the month of February, 2005; an average sold price of $260,790 and a median of $175,000," explains Realtor Chuck O'Morrow. "This compares with $178,209,121; $220,283 and $166,000 in February of 2004."

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Published: April 1, 2005

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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