Charleston Real Estate Statistics, 2009 vs. 2008
Posted on | January 25, 2010 | No Comments
Below, you’ll find links (pdf’s) to the 2009 versus the 2008 statistics. We made a lot of progress over the year to only end down around 9% in number of transactions and 9% in price. Areas 11,13,26,27,43,44,61,62,64,and 68 actually saw some gains in the number of transactions. However, only a couple of the smaller areas saw any uptick in price.
Notice that the SFD market is not as bad as the entire market, meaning that condos and townhomes are dragging down the market. These are pretty general statistics, divided by areas. We are happy to run numbers for you based on a particular neighborhood, price range, etc. Remember, as you look at these, that we typically consider a market to be balanced when there is a 6-7 month supply of homes on the market. Generally speaking, prices will increase when you are below this, and they will decrease when you are above this. Of course, we then have to factor interest rates into the equation when deciding to buy or not to buy. Please let us know if you would like us to review your specific situation with you.
Betsy and I have been busy. Here’s a summary of the homes we’ve sold in the past 2 months:
- 301 Picadilly Loop- (Knightsville area)
- 110 Glenlivet- (Scotts Mill)
- 1412 School House Rd- (Oakhaven)
- 3002 Argyll Drive- (The Glen at Summerset)
We also have lots of listings, ranging from Awendaw to Downtown to James Island.
If you, or anyone you know, has interest in any of these neighborhoods, or the surrounding areas, we’re now the experts, and we are ready to help!
Thank you for continued support, and please don’t hesitate to let us know if there is anything we can do for you!
Here are the links:
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