October 2014

Found 2 blog entries for October 2014.

These MLS statistics show Charleston’s housing market performance for January through September of 2014. Most areas of Charleston in the under $250K price range are a strong sellers’ market with an average 3 month absorption rate. In other words, if no new listings were to come onto the market, it would take only 3 months to sell the current inventory based on the rate of homes selling. The hottest markets like James Island, Mt. Pleasant, and Daniel Island have a 1 to 2 month absorption rate.

The $250-500K price range also indicates a sellers’ market with an average 4 month absorption rate. In price ranges higher than $500K, the area determines whether it is a buyers’ or sellers’ market.

charleston sellers market statistics charleston real estate stats 2014

In terms of supply and demand, this chart helps to give a

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larch lane in park west

DR Horton is currently building new construction homes in the Park Place subsection of Park West. This will be a very small section located on Larch Lane (which stems off Bessemer Road). Prices are currently starting in the low $400’s for a 4 bedroom house sized around 2600 square feet.

Homeowners in Park Place will be able to enjoy all of the Park West amenities including 2 swimming pools, a club house, volleyball and tennis courts, kids’ park, and plenty of green spaces and walking trails. Park West is one of the largest neighborhoods in all of Charleston and offers a grocery store, retail/commercial spaces, the Town of Mt. Pleasant Recreation Complex, and even 3 public schools within its perimeter.

DR Horton is one of the largest home builders

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