When looking at the MLS statistics for the Charleston SC real estate market as a whole, we’re seeing positive trends when we compare 2012 to 2011. This past year saw a 14% increase in the number of homes closed (from 8,992 to 10,215), a 5% increase in the median sales price (from $183,000 to $192,970), and also a 6% increase in the average price per square foot (from $117/sq ft to $124/ sq ft).
If we focus on specific markets for Charleston’s real estate, we see that Charleston County has had a 20% increase in the number of homes closed (from 4,982 to 5,985) and a 4% increase in the median sales price (from $219,900 to $228,000). Now let’s look at some of the specific MLS areas for Charleston County:
- West Ashley inside 526: 33% increase in homes