07/21/2023
What’s the Real Estate Scoop for Cane Bay? 🏡📊
* Average Home Price $436,624 📉 -9% from the peak of $479,748 last June
* Median Home Price $411,000 📉 -12.4% from $471,500 YOY
* Average Days on Market is 62 days while the Greater Charleston market as a whole is 28 days
* Median Days on Market is 30 days compared to the Greater Charleston market as a whole which is only 7 days
* However, Cane Bay typically lags behind the Greater Charleston market when it comes to days on market. Why is that?
* We have more inventory 📈 with 2.1 months of supply vs. 1.7 for all of Charleston; Cane Bay is responsible for 6% of all the active listings in the Charleston MLS (144 out of 2,406 currently for sale). That might not sound like a lot, but it makes a difference in how our market feels compared to other neighborhoods in the local market.
* So with a bit more to choose from, given the various subdivisions with a mix of pre-owned as well as continuous growth of new builds, traditional single family, townhomes, as well as two 55+ communities this is to be expected.
* All of this said, sellers can still expect to sell for 98+% of original asking price, which is outstanding news!
What does this mean for you?
If you’re in the market to purchase, Cane Bay offers a variety of affordable housing & you could save more on costs across the board.
If you’ll be selling, you might want to get a head start & consider listing 30-60 days sooner.
However, my career average is 11 days on the market, which spans 9+ years, acquiring 101% sales to list price for our clients. If you are serious about selling, call me first!
Whether buying or selling, make sure you’re working with a Certified Negotiation Expert like myself & my team! It can make a big difference in your bottom line!
Call or text me 📲 843.934.4777
It's our Mid-Year Charleston Market Update! Kylie HamptonBroker Associate, Team Leader, REALTOR®Hampton Homes | Keller Williams Key📲 (843) 900-6535📧 Team@H...
