November 2022 Market Report

AFFORDABILITY AND FINANCING CHALLENGE THE RESIDENTIAL REAL ESTATE MARKET
1,236 homes sold in November in the Charleston region at a median price of $400,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Year-to-date data shows 18,081 homes sold at a median price of $398,900 which is 17% fewer sales than at this point last year, at a price point that is 14% higher.

Inventory data shows 49% more homes on the market than at this time last year, with 3,167 homes listed as “active” for sale in the CHS Regional MLS database at the end of the month—representing just under two months of available inventory.

“While we generally see a decline in sales during the holiday season, this year the financing piece is really challenging both buyers and sellers and impacting home sales. On the buying side, both median price and borrowing costs are significantly higher than they were at this time last year, so buyers are being challenged to find more creative ways to finance their home purchase. With sellers, many are hesitant to list their homes despite the increased value because of the borrowing costs associated with purchasing a new home. This is no doubt a challenging market for many, so working with the right team of professionals has never been more important” said 2022 CTAR President Jon Stroud.

 

October Adjustment
Preliminary data showed 1,367 homes sold in October in the Charleston region at a median price of $400,000. Updated figures now show 1,380 homes sold at the same median price.

 

Berkeley County
380 homes sold at a median price of $339,188 in Berkeley County in November, 346 single-family homes and 34 condos/townhomes.

Year-to-date, 5,021 single-family homes have sold at a median price of $387,125. Today’s report shows a sales decline of 12% with a nearly 16% increase in median sale price. 635 condos/townhomes have sold at a median price of $290,000 so far this year—sales are 15% lower than 2021 while median price has increased by 26%.

There are currently 1,022 residential properties for sale in Berkeley County; 918 single-family homes and 104 condos/townhomes.

Charleston County
486 homes sold at a median price of $493,725 in Charleston County in November, 372 single-family homes and 114 condos/townhomes.

Year-to-date, 5,970 single-family homes have sold at a median price of $580,000. Today’s report shows 20% fewer sales with a 16% increase in median sale price compared to this point last year. 2,175 condos/townhomes have sold at a median price of $370,000 so far this year—24% fewer sales with a 23% increase in median price.

There are currently 1,210 residential properties for sale in Charleston County; 942 single-family homes and 268 condos/townhomes.

Colleton County
20 homes sold at a median price of $497,500 in Colleton County in November, 18 single-family homes and 2 condos/townhomes.

Year-to-date, 303 single-family homes have sold at a median price of $286,000. Today’s report shows a 12% decline in sales with a 10% increase median sale price compared to this point last year. 58 condos/townhomes have sold at a median price of $386,750 so far this year—sales have increased 16% compared to this point in 2021 with an 34% increase in median price.

There are currently 102 residential properties for sale in Colleton County, 93 single-family homes and 9 condos/townhomes.

 

Dorchester County
270 homes sold at a median price of $314,947 in Dorchester County in November, 245 single-family homes and 25 condos/townhomes.

Year-to-date, 2,959 single-family homes have sold at a median price of $366,756. Today’s report shows 15% fewer sales with an 17% increase in median sale price compared to this point last year. 326 condos/townhomes have sold at a median price of $250,000 so far this year—48% fewer sales in that market segment with a 10% increase in median price.

There are currently 497 residential properties for sale in Dorchester County; 461 single-family homes and 36 condos/townhomes.

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Women’s Council of REALTORS Fall Social

Women’s Council of Realtors Coastal SC Fall Social
Tuesday, November 1 from 5-7pm at the Harbour Club

Help us celebrate the close of our charter year at our Fall Social!

We’ll enjoy drinks, appetizers, and networking and also hear a sneak peek of WCR plans for 2023. Be sure to visit all of our sponsor booths who will be offering giveaways! Admission includes 1 drink ticket + appetizers. Additional drinks may be purchased at the cash bar.

Remarks and Board of Directors installation at 5:30 pm.

This event is open for WCR Costal SC members and guests who have been curious about joining the chapter, or who just want to come and network with Charleston women in real estate.

Attendees who bring at least 1 non-perishable food item for the Lowcountry Food Bank will be entered to win a doorprize from WCR.

WCR Coastal SC Members attend complimentary, Guests attend for $35.

Thank you to our Title Sponsor: Weeks & Irvine

Display table sponsorships are still available. Contact claire@www.charlestonrealtors.com if you are interested!

Register Here

2023 CTAR Board of Directors Slate Recommendation Announced

2023 CTAR Board of Directors Bios & Photos

The 2022 Nominating Committee has announced their recommendations for the 2023 CTAR leadership positions.

One candidate has been selected for each vacancy and will be elected by acclamation should no additional candidates be submitted. Additional candidates may be placed in nomination by a petition signed by at least 3 percent of Realtor®️ members eligible to vote. If petition candidates are submitted, email voting will be conducted. Otherwise these slated candidates will be approved by acclamation.

Any petition for additional candidates must be submitted no later than October 18, 2022.


Shana Swain | Director
REALTOR®, Carolina One Real Estate

Shana Swain, CRS is an award-winning Realtor® with Carolina One Real Estate’s (CORE) Charleston Central office. She brings a fresh new perspective to the Board and is excited for the opportunity to serve, learn and teach. She is an active member on several committees at the Association including Legislative Committee and the Diversity, Equity and Inclusion Committee.

In her first year as a Realtor® she was honored with the Rising Star Realtor® of Distinction award and the CORE Silver Circle production award. In addition to being voted the 2022 “Charleston’s Best Realtor®” by the people of Charleston and the Charleston City paper, she was also chosen as a Grange Cuthbert Award winner, a highly coveted award recognizing someone who best displays the core values of CORE, both professionally and personally.

Shana made the choice to join the real estate industry in 2020 when she recognized the need for a change in her family’s life. She is the mother of two young, active girls and has lived in Charleston since she was a little girl.

In her free time, Shana loves to play tennis and travel as well as studying music and food history.

Joseph Klosik | Broker
Broker-in-Charge, Keller Williams

Joseph started in real estate in the Atlanta area in 2001 with Keller Williams Realty. After working as a sales agent for 4 years and then spending 6 years as a team leader, (BIC) and coach, Joseph joined his wife Lynne in her sales business to form Salt Marsh Properties, within Keller Williams. On the team, Joseph serves as the listing specialist and CFO.  Joseph currently serves as the Operating Principle and Broker in Charge for the Keller Williams Charleston – West Ashley Market Center.  His biggest passions are teaching and coaching agents, which have led him to travel the country in order to do this; he has helped real estate agents build their businesses and create lives worth living.

In 2018, Joseph was accepted into the Keller Williams Realty International Master Faculty, a group of fewer than 50 people worldwide within Keller Williams.  Having served on Grievance, Professional Standards, the MLS BOD and as the immediate past president of the Charleston Trident Multiple Listing service, Joseph has spent many years serving the local agent community, advocating for them to be able to build their business as entrepreneurs.  Joseph and his wife Lynne live in Mount Pleasant where they are active in their church, Saint Peters.  Having hearts and the time to serve, they dedicate as much time to the church’s local ministries as well as traveling out of the country to come alongside a ministry in Honduras.  In their downtime, you can usually find them on the boat or hanging out with their dogs at their home, enjoying this beautiful Lowcountry.

 

Andrella Pusha | Director
REALTOR®, Excel Real Estate

Andrella Pusha is a Charleston native and Realtor® at Excel Real Estate. Her passion is impacting real estate through sales, development, and investing.

Andrella was a Nuclear Engineer in the Navy and retired as a Chief Petty Officer from 20 years of service with massive leadership experience, countless awards, certifications, and accolades. Andrella was stationed three times at Charleston Naval Weapons Station as a Nuclear Engineering instructor and has seen the local market dramatically change over the last two decades.

She earned her Lean Six Sigma Black Belt and subsequently served as an Operations and Process Improvement Consultant for small businesses. She has served on several boards to include the Hampton Roads Regional Black Chamber of Commerce and the Lowcountry Veterans Home. Andrella brings a wealth of leadership, process improvement, operations, strategic planning, analytical thought processes, organizational development, consulting, mentoring, and Board of Director experience with her. Periodic moves due to her military career and her work with MBS investments gave Andrella skill sets, a unique compassion, and understanding for serving military, relocation, sellers, luxury, first time home buyers, and investor clients. Andrella serves on the CTAR Diversity, Equity, and Inclusion committee and is a 2021 CTAR Realtor of Distinction award recipient. She holds certifications as a Military Relocation Professional, Short Sales & Foreclosure Resource, At Home With Diversity (AHWD) and Committed to Excellence (C2EX). As a dedicated mother and entrepreneur, Andrella loves spending time with her family and traveling. Service to her family, country, organization, clients, and to the community is and will always be a way of life.

 

John Grisillo | First Vice President
REALTOR®, Carolina One Real Estate

John Grisillo is a Charleston native and graduate of the United States Military Academy at West Point. At West Point he was a Catholic Sunday school teacher, an All-Armed Services rugby player and an occasional Dean’s list student. Upon graduation, John was commissioned into the US Army and served as an Airborne Ranger Infantry officer. He was awarded the Bronze Star with “V” Device for valor in combat in the Euphrates River Valley, Iraq. After 9/11 he served as a military commentator for Charleston news stations.

Since leaving the service, John has served in business leadership, sales roles and entrepreneurial endeavors. He founded The Compass Group, a national search firm that placed former military officers into Fortune 500 companies. He sold the company in 2003. Since 2004 he has worked in construction and real estate in the Charleston market. He joined Carolina One Real Estate in 2009. He served as the Broker-in-Charge of the West Islands office from 2012-2018, and he currently serves as General Manager of Carolina One Real Estate – Charleston’s market leader and among the top 60 real estate firms in the country.

John has served in many leadership roles with church committees and school boards. He has served as the president of the Bishop England High School Advisory Board. He currently chairs the CTAR Legislative Committee. John enjoys spending time with his family and physical fitness activities. He won the State Masters Division Powerlifting Championship in 2014. John is happily married to Kathy Grisillo, a Bishop England High School classmate and current teacher at BE. They have three daughters, Lauren, Katelyn and Mary Chandler.

July Market Report: Home Sales Dip as Median Price Continues Double-Digit Growth

1,685 homes sold in July in the Charleston region at a median price of $399,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Year-to-date data shows 12,899 homes sold at a median price of $396,913, 14% fewer sales than at this point last year, but at a price point that is 17% higher.

Inventory data shows 15% more homes, for sale, with 2,749 homes listed as “active” for sale in the CHS Regional MLS database at the end of the month—representing 1.5 months of available inventory.

“At this point in the year, we are used to seeing busier than average buyer activity, but as the market normalizes from the record-setting activity in 2021 and the costs associated with buying a home increase, some prospective buyers are feeling a bit hesitant” said 2022 CTAR President Jon Stroud. “However, we’re still seeing strong demand for homes in our region, despite these challenges pricing some out of the market” he said.

June Adjustment
Preliminary data showed 2,024 homes sold in June in the Charleston region at a median price of $420,000. Updated figures now show 2,038 homes sold at the same median price.

Berkeley County
514 homes sold at a median price of $347,145 in Berkeley County in July, 447 single-family homes and 67 condos/townhomes.

Year-to-date, 3,397 single-family homes have sold at a median price of $387,000. Today’s report shows a sales decline of 5% with a nearly 19% increase in median sale price. 441 condos/townhomes have sold at a median price of $283,500 so far this year—sales are 6% lower than 2021 while median price has increased by 27%.

There are currently 837 residential properties for sale in Berkeley County; 771 single-family homes and 66 condos/townhomes.

Charleston County
725 homes sold at a median price of $466,418 in Charleston County in July, 529 single-family homes and 196 condos/townhomes.

Year-to-date, 4,133 single-family homes have sold at a median price of $575,000. Today’s report shows 17% fewer sales with a 18% increase in median sale price compared to this point last year. 1,568 condos/townhomes have sold at a median price of $367,000 so far this year—17% fewer sales with a 28% increase in median price. 

There are currently 1,064 residential properties for sale in Charleston County; 868 single-family homes and 247 condos/townhomes.

Colleton County
34 homes sold at a median price of $337,750 in Colleton County in July, 28 single-family homes and 6 condos/townhomes.

Year-to-date, 204 single-family homes have sold at a median price of $290,000. Today’s report shows a 4% decline in sales with a slight (+0.4%) increase median sale price compared to this point last year. 46 condos/townhomes have sold at a median price of $385,000 so far this year—sales have increased 59% compared to this point in 2021 with an 62% increase in median price. 

There are currently 85 residential properties for sale in Colleton County, 83 single-family homes and 2 condos/townhomes.

Dorchester County
313 homes sold at a median price of $314,473 in Dorchester County in July, 290 single-family homes and 23 condos/townhomes. 

Year-to-date, 1,975 single-family homes have sold at a median price of $360,957. Today’s report shows 11% fewer sales with an 18% increase in median sale price compared to this point last year. 219 condos/townhomes have sold at a median price of $250,000 so far this year—41% fewer sales in that market segment with a 14% increase in median price. 

There are currently 425 residential properties for sale in Dorchester County; 406 single-family homes and 19 condos/townhomes.

Inventory Increases Slightly as Median Price Surpasses $500k in Charleston County

INVENTORY INCREASES SLIGHTLY AS MEDIAN PRICE SURPASSES $500K IN CHARLESTON COUNTY

Charleston, SC – (July 11, 2022) 2,024 homes sold in June in the Charleston region at a median price of $420,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Year-to-date data shows 11,001 homes sold at a median price of $395,870, 10% fewer sales than at this point last year, but at a price point that is 16% higher.

Inventory data shows 20% more homes, for sale, with 2,305 homes listed as “active” for sale in the CHS Regional MLS database at the end of the month—representing just over one month’s available inventory.

“While sales volume is still lower than last year’s record-breaking pace, the great news is that we’ve seen inventory increase over the last month. While higher interest rates have reduced some consumer’s buying power, there’s no shortage of buyers interested in our market and we continue to see demand remain stable” said 2022 CTAR President Jon Stroud.

“Most prospective buyers understand that even with additional borrowing costs, house prices are not going to decline significantly as sales normalize back to a sustainable level” said Stroud.

May Adjustment

Preliminary data showed 2,012 homes sold in May in the Charleston region at a median price of $425,000. Updated figures now show 2,032 homes sold at the same median price.

 

Berkeley County

619 homes sold at a median price of $353,875 in Berkeley County in June, 542 single-family homes and 77 condos/townhomes.

Year-to-date, 2,944 single-family homes have sold at a median price of $385,472. Today’s report shows a sales decline of 4% with a nearly 19% increase in median sale price. 373 condos/townhomes have sold at a median price of $278,891 so far this year—sales are 5% lower than 2021 while median price has increased by 29%.

There are currently 639 residential properties for sale in Berkeley County; 585 single-family homes and 54 condos/townhomes.

Charleston County

891 homes sold at a median price of $503,250 in Charleston County in June, 652 single-family homes and 239 condos/townhomes.

Year-to-date, 3,596 single-family homes have sold at a median price of $575,000. Today’s report shows 16% fewer sales with a 17% increase in median sale price compared to this point last year. 1,369 condos/townhomes have sold at a median price of $368,000 so far this year—15% fewer sales with a 31% increase in median price.

There are currently 1,008 residential properties for sale in Charleston County; 790 single-family homes and 218 condos/townhomes.

Colleton County

36 homes sold at a median price of $317,625 in Colleton County in June, 30 single-family homes and 6 condos/townhomes.

Year-to-date, 176 single-family homes have sold at a median price of $286,500. Today’s report shows a slight dip of 1% in sales with a 3% decline in median sale price compared to this point last year. 40 condos/townhomes have sold at a median price of $393,750 so far this year—sales have increased 48% compared to this point in 2021 with an 73% increase in median price.

There are currently 77 residential properties for sale in Colleton County, 74 single-family homes and 3 condos/townhomes.

 

Dorchester County

355 homes sold at a median price of $319,982 in Dorchester County in June, 317 single-family homes and 38 condos/townhomes.

Year-to-date, 1,682 single-family homes have sold at a median price of $360,000. Today’s report shows 10% fewer sales with a 19% increase in median sale price compared to this point last year. 196 condos/townhomes have sold at a median price of $250,000 so far this year—36% fewer sales in that market segment with a 15% increase in median price.

There are currently 339 residential properties for sale in Dorchester County; 327 single-family homes and 12 condos/townhomes.

 

May Market Report: Median Price Passes $400k for the Region

MEDIAN PRICE PASSES $400K FOR THE REGION IN MAY HOME SALES AT A STEADY AND SUSTAINABLE PACE

Charleston, SC – (June 13, 2022) 2,012 homes sold in May in the Charleston region at a median price of $425,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Year-to-date data shows 8,942 homes sold at a median price of $390,000, 8% fewer sales than at this point last year, but at a price point that is 16% higher.

Inventory data shows 1,775 homes listed as “active” for sale in the CHS Regional MLS database at the end of the month—representing less than one month’s available inventory.

“While it appears that the market has been on a downward trend in terms of sales, what we are seeing is a re-settling, or normalization of the market, after two years (2021 and 2020) of irregular market activity” said 2022 CTAR President Jon Stroud. “When you look at May 2019, there were nearly 1,900 homes sold in that month. In May 2018, there were just over 1,800, so when you remove the two outliers, that’s our evidence that the market is growing in a steady, sustainable way on the sales side” said Stroud.

“While we do have to account for the increased cost of homeownership overall—mortgage rate increases and prices are up 16% over last year, which is a significant jump—we have not seen a slow in demand for homes in our market, which is what is going to continue driving sustainable buying activity” said Stroud.

 

April Adjustment
Preliminary data showed 1,897 homes sold in April in the Charleston region at a median price of $399,000. Updated figures now show 1,916 homes sold at the same median price.

Berkeley County
607 homes sold at a median price of $342,646 in Berkeley County in May, 539 single-family homes and 68 condos/townhomes.

Year-to-date, 2,395 single-family homes have sold at a median price of $380,000. Today’s report shows a slight decline of 1.5% in sales with an 18% increase in median sale price. 294 condos/townhomes have sold at a median price of $273,866 so far this year—sales are 6% lower than 2021 while median price has increased by 27%.

There are currently 491 residential properties for sale in Berkeley County, an increase of more than 100 properties from last month; 444 single-family homes and 47 condos/townhomes.

Charleston County
935 homes sold at a median price of $504,975 in Charleston County in May, 661 single-family homes and 274 condos/townhomes.

Year-to-date, 2,933 single-family homes have sold at a median price of $567,000. Today’s report shows 14% fewer sales with a 17% increase in median sale price compared to this point last year. 1,127 condos/townhomes have sold at a median price of $365,000 so far this year—12% fewer sales with a 30% increase in median price.

There are currently 764 residential properties for sale in Charleston County; 600 single-family homes and 164 condos/townhomes.

Colleton County
23 homes sold at a median price of $385,500 in Colleton County in May, 22 single-family homes and 1 condo/townhouse.

Year-to-date, 146 single-family homes have sold at a median price of $290,000. Today’s report shows 1% fewer sales with a 4% decline in median sale price compared to this point last year. 34 condos/townhomes have sold at a median price of $399,000 so far this year—sales have increased 42% compared to this point in 2021 with a 71% increase in median price.

There are currently 68 residential properties for sale in Colleton County, 67 single-family homes and one condo/townhouse.

 

Dorchester County

348 homes sold at a median price of $314,148 in Dorchester County in May, 314 single-family homes and 34 condos/townhomes.

Year-to-date, 1,365 single-family homes have sold at a median price of $358,000. Today’s report shows 9% fewer sales with a 19% increase in median sale price compared to this point last year. 158 condos/townhomes have sold at a median price of $246,950 so far this year—31% fewer sales in that market segment with a 16% increase in median price.

There are currently 229 residential properties for sale in Dorchester County; 221 single-family homes and 9 condos/townhomes.

April Market Report – Home Sales Continue to Normalize, Prices Climb

HOME SALES CONTINUE TO NORMALIZE TO PRE-COVID LEVELS AS PRICES CONTINUE TO CLIMB

Charleston, SC – (May 10, 2022) 1,897 homes sold in April in the Charleston region at a median price of $399,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Year-to-date data shows 6,907 homes sold at a median price of $382,900, 8% fewer sales than at this point last year, but at a price point that is 15% higher.

Inventory data shows 30% fewer homes, with 1,331 homes listed as “active” for sale in the CHS Regional MLS database at the end of the month—representing just over half of a month’s available inventory.

“It’s important to remember that 2021 was an outlier in terms of sales volume, so it’s not so much that the market is declining, but returning to what was normal. In 2021 there was a lot of pent-up demand from a year of Covid restrictions the previous year. When you look at data from 2018-20, the sales volume is quite comparable to what we’re seeing now—even a little ahead” said 2022 CTAR President Jon Stroud.

“While we have seen the most significant adjustment to interest rates since 2011, along with local affordability challenges creating an even more challenging market for buyers, we continue to have strong buyer interest from outside markets and I don’t anticipate that will decline any time soon” said Stroud. “Charleston is an incredibly attractive place for young professionals and retirees alike, so our pool of potential homebuyers remains strong” said Stroud.

March Adjustment

Preliminary data showed 2,093 homes sold in March in the Charleston region at a median price of $385,000. Updated figures now show 2,112 homes sold at the same median price.

 

Berkeley County

559 homes sold at a median price of $352,750 in Berkeley County in April, 491 single-family homes and 68 condos/townhomes.

Year-to-date, 1,851 single-family homes have sold at a median price of $375,000. Today’s report shows a slight decline of 1% in sales with a 17% increase in median sale price. 225 condos/townhomes have sold at a median price of $272,000 so far this year—sales are 1% lower than 2021 while median price has increased by 27%.

There are currently 375 residential properties for sale in Berkeley County; 338 single-family homes and 37 condos/townhomes.

Charleston County

866 homes sold at a median price of $482,774 in Charleston County in April, 616 single-family homes and 250 condos/townhomes.

Year-to-date, 2,262 single-family homes have sold at a median price of $551,000. Today’s report shows 15% fewer sales with a 16% increase in median sale price compared to this point last year. 848 condos/townhomes have sold at a median price of $355,889 so far this year—17% fewer sales with a 29% increase in median price.

There are currently 498 residential properties for sale in Charleston County; 430 single-family homes and 107 condos/townhomes.

Colleton County

46 homes sold at a median price of $298,200 in Colleton County in April, 41 single-family homes and 5 condos/townhomes.

Year-to-date, 124 single-family homes have sold at a median price of $285,000. Today’s report shows 4% more sales with a 13% decline in median sale price compared to this point last year. 33 condos/townhomes have sold at a median price of $399,000 so far this year—sales have increased 74% compared to this point in 2021 with an 85% increase in median price.

There are currently 48 residential properties for sale in Colleton County, all single-family homes.

Dorchester County

336 homes sold at a median price of $303,337 in Dorchester County in April, 297 single-family homes and 39 condos/townhomes.

Year-to-date, 1,050 single-family homes have sold at a median price of $355,000. Today’s report shows 8% fewer sales with a 20% increase in median sale price compared to this point last year. 124 condos/townhomes have sold at a median price of $245,000 so far this year—17% fewer sales in that market segment with a 23% increase in median price.

There are currently 170 residential properties for sale in Dorchester County; 159 single-family homes and 11 condos/townhomes.

 

January Market Report: Median Home Price Continues to Climb, Sales Slowed by Lack of Inventory

MEDIAN HOME PRICE CONTINUES TO CLIMB, SALES SLOWED BY LACK OF INVENTORY

1,398 homes sold in January in the Charleston region at a median price of $360,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR).

Sales volume declined slightly, by 3% when compared to last January’s sales of 1,447 homes. Median price increased by 14% from the January 2021 figure of 315,000.

Inventory data shows 53% fewer homes, with 1,203 homes listed as “active” for sale in the CHS Regional MLS database at the end of the month—representing just under one month’s worth of available inventory.

“We expect to see sales volume to slow a bit in the first part of this year, due to our extremely limited inventory” said 2022 CTAR President Jon Stroud. “If we had the number of homes the current market demands, sales would likely continue to grow and prices would normalize—there are many prospective buyers who can’t buy in this market because prices have increased so much” said Stroud.

December Adjustment
Preliminary data showed 1,919 homes sold in December in the Charleston region at a median price of $385,000. Updated figures now show 1,946 homes sold at the same median price.

Berkeley County
402 homes sold at a median price of $315,850 in Berkeley County in January, 354 single-family homes and 48 condos/townhomes.

There are currently 340 residential properties for sale in Berkeley County; 304 single-family homes and 36 condos/townhomes.

Charleston County
631 homes sold at a median price of $412,079 in Charleston County in January, 455 single-family homes and 176 condos/townhomes.

There are currently 495 residential properties for sale in Charleston County; 383 single-family homes and 112 condos/townhomes.

Colleton County
34 homes sold at a median price of $332,500 in Colleton County in January, 23 single-family homes and 11 condos/townhomes.

There are currently 48 residential properties for sale in Colleton County; 47 single-family homes and 1 condo/townhome.

 

Dorchester County
249 homes sold at a median price of $284,750 in Dorchester County in January, 219 single-family homes and 30 condos/townhomes.

There are currently 123 residential properties for sale in Dorchester County; 116 single-family homes and 7 condos/townhomes.

Lora Goolsby Named CTAR Global REALTOR® of the Year

Lora Goolsby, CIPS, Carolina One Sales Associate was recognized as the CTAR 2021 Global REALTOR® of the Year at the CTAR Global Business Chapter meeting on January 26, 2022. Lora joined CTAR in 2014 and served as Global Business Chapter president in 2019- the first year our global council committee moved to becoming an official chapter of CTAR. Under her leadership in 2019, our Global Business Chapter conducted our first trade mission to the country of Panama and was also awarded our first Platinum Level Global Achievement Award by the National Association of REALTORS®. Lora served as GBC immediate past president in 2020 and has continued her active support and involvement in every aspect of our chapter in 2021 and 2022.

October Charleston Region Market Report

HOME SALES AND BUYER INTEREST CONTINUE TO INCREASE IN THE CHARLESTON REGION

NOVEMBER 10, 2021 (Charleston, SC) 1,975 homes sold in October in the Charleston region at a median price of $365,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR).

Year-to-date, sales volume is up 13% with 20,345 homes sold thus far in 2021 compared to 17,963 at this point in 2020. Median price is $346,937, a 16% increase from this point last year, when the median price was $299,000.

Inventory data shows 50% fewer homes for sale over the last 12-month period, with 1,982 homes listed as “active” for sale in the CHS Regional MLS database at the end of September—representing one month’s worth of available inventory.

“October’s home sales represent the highest volume of sales we’ve seen since this summer—buyer interest in our market has never waned and we’re seeing that with a consistent year of growth for both sales and pricing” said 2021 CTAR President Rusty Hughes. “Sales are 13% higher than 2020, which was a record-breaking year and median price is up 16%” he said.

September Adjustment
Preliminary data showed 1,908 homes sold in September in the Charleston region at a median price of $350,000. Updated figures now show 1,927 homes sold at the same median price.

Berkeley County
581 homes sold at a median price of $290,000 in Berkeley County in October, 514 single-family homes and 67 condos/townhomes.

Year-to-date, 5,196 single-family homes have sold at a median price of $332,700. Today’s report shows a 29% increase in sales and a 17% increase in median sale price. 689 condos/townhomes have sold at a median price of $228,719 so far this year—a 7% increase in sales and 16% increase in price.

There are currently 519 residential properties for sale in Berkeley County; 462 single-family homes and 67 condos/townhomes.

Charleston County
894 homes sold at a median price of $417,500 in Charleston County in October, 655 single-family homes and 239 condos/townhomes.

Year-to-date, 6,872 single-family homes have sold at a median price of $500,000. Today’s report shows a 3% increase in sales and a 19% increase in median sale price. 2,650 condos/townhomes have sold at a median price of $297,500 so far this year—a 20% increase in sales and 19% increase in pricing.

There are currently 949 residential properties for sale in Charleston County; 692 single-family homes and 257 condos/townhomes.

Colleton County
34 homes sold at a median price of $313,500 in Colleton County in October, 27 single-family homes and 7 condos/townhomes.

Year-to-date, 306 single-family homes have sold at a median price of $260,000. Today’s report shows a 4% increase in sales and a 16% increase in median sale price. 45 condos/townhomes have sold at a median price of $269,000 so far this year—a 13% rise in sales and 12% increase in pricing.

There are currently 71 residential properties for sale in Colleton County; 67 single-family homes and 4 condo/townhomes.

Dorchester County
402 homes sold at a median price of $289,233 in Dorchester County in October, 326 single-family homes and 76 condos/townhomes.

Year-to-date, 3,194 single-family homes have sold at a median price of $310,000. Today’s report shows an 8% increase in sales and 15% increase in median sale price. 575 condos/townhomes have sold at a median price of $226,200 so far this year—a 37% increase in sales and 22% increase in pricing.

There are currently 237 residential properties for sale in Dorchester County; 226 single-family homes and 11 condos/townhomes.