Charleston SC Real Estate Market Report

CHARLESTON, SC—( April 28, 2017)

So, as for real estate, through the first quarter compared to the first quarter of 2016, sales were up 13.6% and median sales price was up to $245k, up 4.5%.  It’s becoming very difficult to find a single-family home in Mt Pleasant or James Island for under $300k. Mt Pleasant median sales price is now over $200/sqft.  James Island is around $185/sqft.  West Ashley is over $150/sqft. The Summerville/Goose Creek areas are the least expensive, but are now over $100/sqft.  New construction is rampant all over.  They are building a new exit on I-26 to accommodate all the new growth in that area because of the new Volvo plant being built there.  This past week saw almost 100 condo/townhome sales.  Around 50-60 is more customary.   And the rental market is just as good as the sales market.  It’s a great time for Charleston.

Walter Mueller
Walter Mueller
Broker Associate
1534 Village Square Mount Pleasant SC 29464