Charleston, South Carolina, has seen sour numbers in the last quarter, with local expert Michele Reneau noting the drop in sales from last year of 36 percent. Sold properties are down as well.

She notes, "Even more telling is that average sold price is down 11.6 percent from $456,661 in 3Q 2007 to $403,498 in 3Q 2008. What a fantastic time to buy." Days on market is 195.

Local expert Betty Poore, reports gives Realty Times a quick look at the just what this historic city offers. "With the last half century bringing restoration and rebirth to the city, this majestic beauty turns the heads of the most sophisticated buyers who are looking for the graciousness of a by-gone era, yet amenities of the 21st century," she says. "For those looking to live year round or own a second home in Charleston, now is a perfect time to buy. There is a wonderful array of single family homes, luxury villas (and great investment opportunities for those families with children attending the local colleges."

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Published: November 13, 2008

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