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Forbes: Cost of living counterbalances high home prices in Mount Pleasant
The magazine named Mount Pleasant as the only S.C. municipality among its 25 best suburbs to retire in, citing the town’s clean air, low crime and access to health care — though median housing prices...
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Sales, median price up in Charleston area
In April, 1,143 homes were sold at a median price of $215,000, according to the Charleston Trident Association of Realtors. Last April, 1,028 homes sold at a median price of $200,000. Inventory also...
View ArticleAll-cash residential property sales on the rise in S.C.
In South Carolina, roughly 52% of residential property sales were all-cash purchases during the first quarter. That’s up from 21.7% in the first quarter of 2013 and 49.2% during the fourth quarter of...
View ArticleAverage profit on S.C. flipped homes $38K during Q1
In South Carolina, 3.2% of all single-family home sales were flips during the first quarter of 2014, according to a report from RealtyTrac. In the first quarter of 2013, flips accounted for 9.4% of...
View ArticleMedian sales price of homes in S.C. remains $125,000
Residential properties sold at an estimated annual pace of 89,578 last month in South Carolina. That’s 1% higher than March 2013, according to data from RealtyTrac. Around 11% of all sales in the state...
View ArticleHistoric Charleston Foundation plans to sell home for nearly $2M
The nonprofit organization purchased 35 Legare St. in downtown Charleston, commonly known as the Rebecca Screven House, for more than $1.7 million and plans to resell it for at least $1.8 million. The...
View ArticleConstruction starts on 300-unit development on Folly Road
Georgia-based Flournoy Development Co. began construction on a development at 35 Folly Road last week. The project includes a park and the continuation of the West Ashley Greenway along with...
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Developers: Mixed-use helps growth, traffic
As the Charleston region continues to grow quickly, housing affordability and traffic congestion are pressing issues. Several local developers said higher density, mixed-use communities that offer...
View ArticleHomes underwater in S.C. come in below national average
Roughly 9.1 million U.S. residential properties, representing 17% of all properties with a mortgage, were seriously underwater during the first quarter of 2014, according to a report from RealtyTrac....
View ArticleHome sales, prices up across Lowcountry
More than 1,100 homes were sold at a median price of $219,316 in March, according to the Charleston Trident Association of Realtors. Last March, 1,075 homes were sold at a median price of $200,789 in...
View ArticleAtlanta firm plans residential development for Mixson
Construction is set to begin April 24 on a housing development in the Mixson neighborhood in North Charleston. This phase will include about 79 single-family homes and 18 townhouses. Architects and...
View ArticleS.C. foreclosures down 14.5% from 2013
South Carolina was ranked eighth highest in the country in rate of foreclosures during March, according to a report released today. Foreclosure filings were reported on 2,688 S.C. properties; that’s a...
View ArticleResidential property sales on the rise across S.C.
The median sales price of residential properties in South Carolina last month was $125,000, according to a RealtyTrac report. In the United States, the price was $164,667. All-cash sales accounted for...
View ArticleMedian home price climbs 5.1% for S.C. residential market
Winter storms, rising interest rates, a dwindling supply of distressed properties and declining investor activity created turbulence for the state’s housing market, according to the S.C. Realtors...
View ArticleS.C. ranks in top 10 for foreclosure rates
The state ranked eighth highest for foreclosure rates in the country, according to RealtyTrac data. The state saw a steeper drop from January compared with the national average.
View ArticleMedian sales price for S.C. homes down $10,000 from year ago
During November, 50.3% of residential sales in South Carolina were all-cash purchases. Institutional investors accounted for 7.7% of sales, and real-estate owner property sales added 6.4%.
View ArticleNovember home sales flat across S.C.
But the latest data from S.C. Realtors showed a generally strong trend in sales since Jan. 1, as year-to-date sales of homes rose 18%, an increase of 9,916 homes over the same period last year.
View ArticleS.C. ranked No. 4 for foreclosures
One in every 660 homes in the state was in foreclosure during November, and one in every 395 housing units was in some stage of foreclosure in the Charleston metro area during that time. Nationwide,...
View ArticleS.C. residential sales up 7% over 2012
S.C. residential properties sold at an estimated annualized pace of 100,000 in October, up 7% from this time last year, according to RealtyTrac. The median sales price for all S.C. residential...
View ArticleFrontDoor breaks ground on 130 units on James Island
FrontDoor Communities recently broke ground on Freeman’s Point, a 130-home community on 40 acres on James Island. Construction on the project is expected to begin later this year. Homes will be...
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