Charleston Real Estate Growth in 2014…

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Great news for Charleston real estate. Over 14,000 homes in the Charleston metro area sold last year (a 17% increase in single family homes alone). According to data released on Wednesday, January 14th by the Charleston Trident Association of Realtors, home sales volume increased by 9% in 2014. With almost 1,200 homes sold in the last month of the year, Matt DeAntonio (President of C.T.A.R.) proudly boasted “Another great year for Charleston real estate.”

The median price growth has taken almost a $10,000 leap from the median price of $204,900 in 2013. Downtown Charleston and Folly Beach saw the biggest increase in median price growth. They also saw a significant decrease in days a property was on the market (for a 3rd year in a row). According to the association data, a home was only on the market an average of 80 days. A recent news release from the association said “As seller confidence continues to build on the heels of another positive year, expect to see inventory increase throughout 2015”.

 

Source: Charleston Trident Association of Realtors