Charleston Real Estate Soars!

Posted By Georgia Bell @ Dec 14th 2009 12:09pm In: General

Good news on the "home front"!

The Charleston area residential real estate market continues to show signs of a strong recovery, according to the latest data from the Charleston Trident Association of Realtors.

As of December 10, the increase in sales was an unprecedented 80% and the third consecutive month of increases.

This type of activity is uncharacteristic for November and likely attributable to the passing of the original homebuyer tax credit. This tax credit has been extended, by the way, to April 30, 2010 and expanded to include provisions for existing homeowners.

Inventory is at this year's lowest level.

Charleston County showed the greatest gains in the region during the month. Sales doubled over last year and median prices are within 1% of 2008 levels.361 properties changed hands in November at a median price of $225,000 in stark contrast to 2008's 170 sales at a median price of $227,738.00

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1313 ELLISON RUN
2930341 - Residential
Charleston, SC

This is a truly gorgeous home that has been very well maintained. Hardwood floors throughout with carpet in the Master Bedroom The home is wired for surround sound and has a large 2 car garage! Owner is motivated and this home is priced to sell! Check out comps and you will see! Lovely, screened porch, nice backyard - not too large and not too small.Don't forget that there is a community dock for owners - so bring your boat and enjoy! Corner lot! It is tenant occupied at the moment with good rental income.


Image
1313 ELLISON RUN
2930341 - Residential
Charleston, SC

This is a truly gorgeous home that has been very well maintained. Hardwood floors throughout with carpet in the Master Bedroom The home is wired for surround sound and has a large 2 car garage! Owner is motivated and this home is priced to sell! Check out comps and you will see! Lovely, screened porch, nice backyard - not too large and not too small.Don't forget that there is a community dock for owners - so bring your boat and enjoy! Corner lot! It is tenant occupied at the moment with good rental income.



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