The vacation season is slowly winding down. It was a strong season with hospitality tax
revenue and accommodation tax revenue both up (13% & 7% respectively), which shows a strong pattern for what’s to come.
Through August, there have been 58 detached single family homes sold for an average price of $595,319 vs. 37 sold last year for an average of $604,192. There have also been 38 condos and townhomes sold for an average of $354,210 vs 36 sold last year for an average of $350,410.
We know demand for real estate will increase as buyers lock in before mortgage rates hit 5%, which will probably be in the 4th quarter. If you are on the fence about buying or selling, now would be a great time to contact me for a confidential home analysis.
Happy where you are? If you have friends or know of someone considering buying or selling real estate, your referral would be the most appreciated compliment I could receive.
David B. Landry, Realtor
Dunes Properties of Charleston
Nobody knows Folly Beach Better®
This May Be A Good Time to Put Your Property On The Market
March 23, 2016
Things to do in Charleston: Christmas through New Year's