Technology TransactionsMarket Conditions: Charleston, South Carolina
Mia Burmeister-Laws says absorption rates in her area are on the increase, and sales exceeded new listings in March for almost all areas of Charleston, including the Historic Downtown District to Mt. Pleasant to the Outer Islands of Folly Beach, James Island, Kiawah, and Seabrook Islands, Johns Island and Wadmalaw.
This is a reverse in trend over the past year, she says, and a good sign for the Charleston market overall.
The indicators in sales point toward a healthy market in the future, and Mia says now is the time to buy.
Sellers in Charleston are lucky to have this stable market, which is a contrast to some of the less stable markets across the country.
And Mia reports that this area has consistently proven to be a good investment, due in part to the island and marsh geography of the area and the historic downtown Peninsula dating back several hundred years.
Both these features, and thriving artistic and cultural scene, attract tourists and provide a welcome boost to the economy, which in turn brings industries, employees and families to live, work and retire.
Charleston’s profile also includes several Universities, Medical Facilities and Hospitals, as well as a large government presence that provides a consistent base for jobs and growth in the community.
For more information on this area contact Mia at:
www.RealEstateMIA.com
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