The real estate market in Charleston is booming louder than a Boeing Dreamliner. Prices are moving up quickly. While our median prices have been stuck under $200k for a few years now, this past week saw 185 single family homes go under contract with a median price of $260k and $138/sqft. These are by far the largest numbers we’ve seen in some time. We will probably sell 20% more properties than last year. I still think that 2006 home buyers will be able to sell by the end of this year. They have been anywhere from 20-30% underwater since 2008. They’ll be even soon. We should see a lot of appreciation over the next 2 years. And the government will not raise interest rates significantly until they see more of the rest of the country join the rebound.
Thinking of listing your home? Give me call and I would be happy to give you a complimentary Comparative Market Analysis.
Desiree Maurer, Realtor
Keller Williams Charleston
843-327-9010
www.dmaurer.kwrealty.com
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