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Real estate numbers for Charleston, Berkeley, and Dorchester Counties during the first half of 2013 are in, and despite the recent percentage-point rise in mortgage rates, the sales stats for the area are strong. A year-to-date comparison between the first half of 2012 and the first half of 2013 shows a 10 percent jump in price and a 22 percent increase in sales volume. Here are the numbers side-by-side:

 

Jan. – June 2013

Jan. – June 2012

Homes Sold

6,117

5,000

Median Price

$200,440

$181,700

 

A major driver of the significant price increase is the low inventory at hand, with only 5,655 homes actively for sale across the three counties. Here’s a breakdown of activity in Charleston, Berkeley and Dorchester:

 

June 2013

June 2012

Charleston Homes Sold

752

627

Charleston Median Price

$255,500

$239,390

Berkeley Homes Sold

281

208

Berkeley Median Price

$189,000

$164,300

Dorchester Homes Sold

249

182

Dorchester Median Price

$179,000

$157,500

 

Throughout the rest of July, we’ll look at individual area real estate markets, including Mount Pleasant, Sullivan’s Island, Isle of Palms, Daniel Island, Folly Beach and the downtown Charleston peninsula. We’ll also look at some of the factors affecting the numbers such as mortgage rates and new construction.

 Until then, feel free to dial up Bob Brennaman at 843-345-6074 if you have questions about the numbers or anything else related to real estate in Charleston, SC.

 

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