Posted by Kurt and Jolene Seelig - The Seelig Team at Feb. 14, 2014
Published February 14, 2014
LOWER INVENTORY AND HIGHER PRICES AS WE ENTER THE 2014 SPRING MARKET...
The Spring season is just around the corner as we enter year 3 of the real estate recovery for Charleston & Mount Pleasant.
The housing market can be described as leaning slightly in the seller’s favor with 3-6 months of inventory currently on the market. Prices are up an average 7-12% in 2013 depending on location.
Buyers discovered that brisk real estate sales were happening in early to mid-January and certain homes & price categories showed big demand. A house with an owner’s bedroom on the first floor under $450K in Mount Pleasant is a tough commodity to find at present. This type of property is going under contract within 1-2 weeks of being up for sale.
Many buyers are opting to build in new developments like Carolina Park in North Mt Pleasant even with a 6-8 month build out date.