It was another great year for Charleston Real Estate and our firm, with strong sales numbers across the board. In the attached Market Report, you will find statistical analysis of our overall market and your neighborhood in detail. We have seen another strong year with price per square foot slightly up market-wide.
While some rural areas continue to lag behind, Downtown Charleston has shown real strength with a 6% increase in price per square foot across the entire lower peninsula, and 4% increase in overall sale price. We have also seen number of transactions and days on market mostly flat or down slightly, an indicator of limited inventory.
With uncertainty in global financial markets making headlines everyday, our team remains optimistic about investing in real estate at any price point. Steady and manageable appreciation year over year continues to characterize our market, and our office is buzzing with activity as our professional team of agents are busy bringing on new listings and servicing buyers.
