For the most part, hurricane Florence passed by our area with very little storm impact. A few strong wind gusts and high surf caused minimal destruction to property and beaches. After the storm,
Charleston Real Estate Sales The Past 5 Years
Since 2009, Charleston homes sales have been steadily climbing and inventory has been slowly decreasing improving supply and demand. These are all healthy signs!
In January of 2012 there were 632 properties sold in Charleston with a listing inventory of 14,994. In January of2013 the Charleston real estate market had 721 sales (89 more sales than the previous year!) and, more good news, listings were down to 13,493 (1,501 fewer listings on the market).
Now we all know the danger signs of an abnormal market: values moving in either direction dramatically. If the current trend continues and home values increase by 4% per year, a home today that is worth $500,000 today will be worth $767,329 in 10 years. If you are waiting for 2005-2006 prices to return, it will happen in time…Just a long time!!!
Hank Johnson, a graduate of The Citadel, has a proven track record as a CFO, businessman, Entrepreneur and real estate investor. Hank has been active and successful in the Charleston community for ove....