Charleston Real Estate Quarter 3 2015 Market Update

Dated: 10/13/2015

Views: 1684

Quarter 3 of 2015 was very strong for the luxury market downtown, a fact which is reflected in the statistics. With decreasing inventory and high demand from luxury buyers, homes are fetching high prices on the peninsula.

There were only half as many closed sales in Quarter 3 of this year compared with 2014, and the average sale price increased by a whopping 38%. This huge jump is a result of both a lower number of sales and the impact of three large sales - 15 Orange Street (sold for $3,200,000) ; 1 Meeting Street (sold for $4,200,000), and 32 South Battery, (sold for $7,717,500). 

Please enjoy our online E-Book with valuable local statistics relevant to YOUR neighborhood. Call today to find out more about how you may benefit from the current market conditions. 

Click to view DRSIR's Quarter 3 Market Update

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Daniel Ravenel

Daniel Ravenel Jr. is the son of founder and Broker-in-Charge, Dan Ravenel. Daniel was born and raised in downtown Charleston, watching his father thrive in the early nineties as the area experienced....

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