The State Of Real Estate In Charleston

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The State Of Real Estate In Charleston

  1. 1. THE STATE OF REAL ESTATE IN CHARLESTON
  2. 2. <ul><li>PRESENTATION </li></ul><ul><li>BY </li></ul><ul><li>CARMEN CATTLES </li></ul><ul><li>OF </li></ul><ul><li>CAROLINA ONE REAL ESTATE </li></ul><ul><li>AND </li></ul><ul><li>SETH MANAKER </li></ul><ul><li>MANAKER & ASSOCIATES, LLC </li></ul>
  3. 3. THE STATE OF REAL ESTATE IN CHARLESTON THE STATE OF REAL ESTATE IN CHARLESTON
  4. 4. <ul><li>The previous chart gave us an instant picture of when the % of Appreciation changed and changed so drastically </li></ul>
  5. 5. <ul><li>Then in 2007 we saw the start of another drastic change, in Real Estate Market prices. </li></ul><ul><li>No longer could we sustain the changes gained from 2000 to 2006 </li></ul><ul><li>This is the start of the much needed adjustment in market prices. </li></ul>
  6. 6. <ul><li>Sadly for some people the decline was very painful. The people who from 2000 to 2006 bought at inflated prices. </li></ul><ul><li>2007 through mid 2009 prices declined. As we entered October, November, and December 2009 we started to see glimmers of a recovery. </li></ul>
  7. 7. <ul><li>CHARLESTON MARKET TRENDS FOR 2010 </li></ul><ul><li>Information provide by the Charleston –Area Association of Realtors </li></ul>
  8. 8. <ul><li>Housing Statistics for Charleston, SC into 2010 </li></ul><ul><li>Charleston County showed the greatest gains in the region for the month of NOVEMBER. Sales doubled over this time last year, and the median price range prices are within 1% of 2008 levels. 361 properties changed hands </li></ul><ul><li>In November at a median price of </li></ul><ul><li>$ 225,000, in stark contrast to 2008’s 170 sales at a median price of $227,000 </li></ul>

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