Charleston, SC Posts

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S.C. ranks sixth in nation for home value appreciation over the past year

On 11/26/08, the SC Business Journal published this article.  It's no secret in Charleston, but many do SC ranked #6not realize that real estate is local.  While numbers have dropped a little in Charleston, it has not followed extreme drops in many other markets. The statistics came from the US Federal Housing Finance Agency based on sales and refinancing information available on existing single family homes. "The Charleston-North Charleston-Summerville metro area came in at number 65 with 1.27% appreciation over the last year."  Not only has SC weathered the storm well, but specifically Charleston, SC has endured the housing crisis well.  Values have dropped slightly when you consider where prices were in 2005. Inventory peaked in 2007 at 16,000 active listings and it currently sits at 10,800 in the Tri-County area. 

 

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Michele Reneau - Military Relocation Specialist with Carolina One Real Estate in Charleston, SC.

Contact Michele Reneau, Realtor®, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtor® in South Carolina at 843-572-0518 to list your property for sale or to purchase real estate in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Expert specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market.  I can also be contacted by email at mreneau@carolinaone.com. To view all Charleston Metro area Homes for Sale Click Here and then click on Search for Homes.  With over 25 years of Lowcountry Living, I know the Charleston Metro area. I will help you get your home sold and/or help you buy your Charleston home or land.

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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Comment balloon 0 commentsMichele Reneau • November 27 2008 05:05PM
S. C. ranks sixth in nation for home value appreciation over the past…
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On 11/26/08, the SC Business Journal published this article It's no secret in Charleston, but many do not realize that real estate is local. While numbers have dropped a little in Charleston, it has not followed extreme drops in many other… more
Myth #7 Foreclosures are the best deal.
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This is a continuation of a series: 10 Common Myths Shared by Homebuyers. * See Myth #6 here. There has been so much media attention on the rise of foreclosures and the hype of getting a good deal. It's hard not to ignore it and of course… more
Dorchester County, SC has voted for a plan in place to manage growth
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t's official! Finally, the Dorchester County Council voted and approved a new comprehensive plan which will direct building and infrastructure needs in the county over the next 20 years. This plan has been much needed for quite some time and (in my… more
Myth #6 Buying a house is as simple as agreeing on price and signing…
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This is a continuation of a series: 10 Common Myths Shared by Homebuyers. * See Myth #5 here Not true! There are many issues that need to be negotiated beyond price. There are many things to negotiate, some of which may include closing date,… more
A&E told to pay "Flip this House" creator Richard Davis
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The verdict is in! Local real estate company owner, Richard Davis, sued A&E for $7. 5 million over a contract to split profits from the TV pilot show, Flip this House. During the 1st season, Davis was created as the creator but never received… more
Myth 5: I'll improve the odds of finding the house I want if I work…
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This is a continuation of a series: 10 Common Myths Shared by Homebuyers*. See Myth #4 here Buyers can mistakenly rationalize they should have several agents working for them. Working with more than one agent will create confusion for buyer… more
Myth #4: If I just wait long enough, I'll find the perfect house.
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This is a continuation of a series: 10 Common Myths Shared by Homebuyers. See Myth #1 here I hate to break the bad news, but there's no such thing as a perfect home Buying a home ALWAYS requires compromising. When looking at property,… more
Myth 3: I can find all properties for sale on my own
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This is a continuation of a series: 10 Common Myths Shared by Homebuyers. See Myth #1 here Most properties can be found online. The Internet is a great resource for buyers and of course you can drive through neighborhoods you like or look… more
Myth # 2: The agent on the For Sale sign will look out for my…
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This is a continuation of a series: 10 Common Myths Shared by Homebuyers. See Myth #1 here Many buyers start their search by looking online and occasionally getting in the car driving around to check out neighborhoods. Due to SC agency and… more