Remember Me
forgot your password?

Top Real Estate Markets in the Country: Charleston, SC

Earlier this year Forbes named Charleston, South Carolina the ninth strongest real estate market in the United States.  Houston, Texas; Tulsa, Oklahoma; El Paso, Texas; Buffalo, New York; Pittsburgh, Pennsylvania; Syracuse, New York; and McAllen, Texas were the cities listed above Charleston on this list.

                           

When these findings came out, we (as Charleston Realtors) were pleased that Charleston was given such a good outlook.  However, we also wondered how Charleston would fare in the coming months.  Only now that we are halfway though the year, we are able to see that Charleston’s real estate market the past six months has held its own quite well compared to other cities around the country.

 

Prices for the general Charleston area are down a little more than 9 percent compared to this time last year.  It is a buyers market here, and sellers are willing to bend on their negotiating price when they would not have dreamed of it even a year ago.  In response, buyers seem to be coming out of the woodwork to take advantage of the good buys.  So, again, there is certainly a strong buyers’ market here, but one of the main differences in comparing Charleston to other cities is that its market is not completely stagnant.  The demand from buyers has made our real estate market very active, so that it is not the one sided selling process that other cities are seeing where sellers just have to wait and wait and wait for showings and offers. 

 

In the past few months, we have even seen multiple offer situations come back to our market.  The prevalence of these is not was it was in 2005.  But, we are seeing more and more.  And, if a home is priced well, multiple offers are now not uncommon.  Just last week, we encountered a home with four offers – one was contingent, and the others were backups.  Needless to say our client did not make an offer on that one – we moved on to the next home to make an offer on unclaimed territory, so to speak. 

 

 

By the way, some of the worst real estate markets in the country on Forbes’ list were Las Vegas, Nevada; Miami, Florida; and Jacksonville, Florida.  Recovery for these cities is furthest out, with a projected bottom ranging from the last months of 2009 to late 2011.  Prices are expected to drop another 40 percent in these cities before that bottom is hit. 

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Real Estate Articles
  • More from Lee Keadle

Gurgaon Residential Property Rates – The Latest Trend

By: joseph | 28/12/2009
The latest trend in Gurgaon residential property shows an upward trend. As the slump in the market is in its wane, in all localities of the region there is some growth in real estate appreciation. Over all, during the preceding 6 month period, there has been an average 8% to 12% growth in property rates in this stretch. Apart form the waning slump, the increased transportation facility in the region also has influenced in the increase in Gurgaon property value.

Realestate showcase

By: Pinki Gupta | 28/12/2009
Real estate has been one of the most more appropriate and profitable industrial sectors in the stay on few senility.

Realestate llc

By: Pinki Gupta | 28/12/2009
Looking for ways to earn extra money from home? Or maybe you are looking for a way to found a full-time upping from home?

Copper realestate

By: Pinki Gupta | 28/12/2009
After the the economic collapse in the fall, industry analysts adage a sharp drop in real estate values by 18.2%.

Realestate pricing

By: Pinki Gupta | 28/12/2009
Internet domain names burden be benefit a covey of money. The most expensive one to date was resold for $7.5 million in stock options spell 1999.

Realestate connection

By: Pinki Gupta | 28/12/2009
Whether it's a financial problem, an unexpected move in that of a job, or some other reason, there comes a time when selling quickly is a must.Set the price becoming.

Realestate websites

By: Pinki Gupta | 28/12/2009
There are a lot of investors that bring about unfolding making the mistake of selling their business or investment resources but have to chicamin thousands of dollars in capital gains taxes to the IRS.

Realestate review

By: Pinki Gupta | 28/12/2009
What is loan-to-value and how does it determine the size of the loan? The loan to emphasis rate is the figure of finance you borrow compared mask the appraised value of the home you are purchasing.

Golf Communities in Summerville, South Carolina

By: Lee Keadle | 01/12/2009 | Real Estate
Many buyers interested in Summerville, SC real estate want to live either on a golf course or in a golfing community. This article discusses the three golf communities in Summerville.

Wando High School in Mount Pleasant, SC

By: Lee Keadle | 01/12/2009 | Real Estate
Wando is the only public high school in Mount Pleasant, SC. This article is divided into three sections so that you can learn more about Wando High School’s academic achievements, its wide range of after school activities, and its fantastic athletic program.

New Tax Credit for Current Home Owners: Great News for Charleston, SC!

By: Lee Keadle | 01/12/2009 | Real Estate
Although most of the real estate news seems to focus on the First Time Home Buyer Tax Credit, there has also been a new tax credit that will be signed in that is geared to help existing home owners. In this article, I have included eligibility details for this $6,500 Move–Up/Repeat Home Buyer Tax Credit.

First Time Home Buyer Tax Credit Extension: More Fuel for the Charleston, SC Market

By: Lee Keadle | 16/11/2009 | Real Estate
We’ve had great news in the housing market this past week! The $8,000 First Time Home Buyer Tax Credit will be extended through April 30, 2010. This extension is good news especially for first time home buyers taking advantage of the credit. This article includes more details about qualification.

Public Schools in Mount Pleasant SC: A Driving Force in Home Prices

By: Lee Keadle | 16/11/2009 | Real Estate
Mount Pleasant, South Carolina has the best public schools in all of Charleston. Because Mount Pleasant has only one high school, I’ve included in this article more specific information for the elementary and middle schools so that you can keep it in mind when comparing homes.

Mount Pleasant SC Golfing Communities

By: Lee Keadle | 16/11/2009 | Real Estate
With four golfing communities, Mount Pleasant SC boasts some of the best (and most popular) golf courses in Charleston. I have included in this article information about Dunes West, Rivertowne Country Club, Charleston National, and Snee Farm.

Home Value Factors for the Summerville, SC Real Estate Market

By: Lee Keadle | 19/10/2009 | Real Estate
If you’re considering buying a home in Summerville, SC, be sure to keep in mind resale value down the road. With the steadily increasing demand from home buyers, the house you purchase may very well be one of the most important investments you’ll ever make.

Summerville, SC Neighborhoods in the $200-300K Price Range

By: Lee Keadle | 19/10/2009 | Real Estate
The $200-300K price range is ideal for the Summerville, SC real estate market. Because of Summerville’s relative affordability, buyers can find the home of their dreams in this price range. These 5 neighborhoods will be great places to see this first hand to show how much home you can get for the money.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.36, 6, w3)