February 11, 2017 | Alan Donald


The real estate market in Charleston, SC is sizzling hot - January 2017 was the busiest January we’ve ever experienced, and 2016 was the 2nd busiest year ever, second only to 2005 by just a few hundred home sales. We sold over 17,000 houses and that was up over 10% over 2015. The graph shows a 3-month average for closed sales since 2004.

The median sales price was at an all time high of $245,000, but this was only a modest 4.3% gain over 2015.
Many factors are pointing to 2017 being even a better year: We continue to receive good news from every angle. Volvo is going to open their new plant here this year in Ridgeville (Goose Creek/Summerville area). You can still buy a home on that side of town for $100/sq.ft.

Mt Pleasant and Daniel Island continue to be the most desirable options for those with higher budgets, where the average home costs around $200/sq.ft. Charleston's new mayor, John Tecklenburg, seems intent on reviving West Ashley, which offers a great central location to live in and where you can still buy a home for under $150/sq.ft.



New construction is booming on Johns Island (as well as in many other areas), so Johns Island is now on everyone’s radar.

2016 Charleston SC Real Estate Facts

Here's a snapshot of the Charleston Trident Association of Realtors Quick Facts about our real estate market (click image to enlarge).

If you wish to receive a PDF copy of the full report, please sign up here.

For more information, please call or text us on 843-900-0155
Share

check_circle

You message has been sent!

Send us a Message


You agree to receive automated promotional messages from The Alan Donald Team, LLC regarding real estate information and education.Click here for terms and privacy policy. Message frequency varies. To opt out of receiving messages from me, text STOP to cancel. Reply HELP for help. Message and data rates may apply.