Q3 2018 Market Update

QUARTER 3 2018 CHARLESTON, SC MARKET UPDATE

West Ashley, James Island, Folly Beach, Johns Island, Kiawah Island Seabrook Island, Mount Pleasant, Sullivanâ&#x20AC;&#x2122;s Island, Isle of Palms Wild Dunes, Daniel Island, North Charleston, Dewees Island Summerville, Downtown Charleston, Ansonborough, Cannonborough French Quarter, Harleston Village, Hampton Park, Wagener Terrace Radcliffeborough, South of Broad, Wraggsborough

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Q3 2018 Market Update

Published on Oct 11, 2018

Daniel Ravenel Sotheby's International Realty

The Charleston Market continues its strong showing for 2018 into the fourth quarter of this year. Year over year statistics are showing price per square foot holding flat or slightly up in most markets. The beaches continue to show strong sales figures and traditional suburban neighborhoods are healthy as well. Interest rates are rising which has significant effects on affordability - and oftentimes, spurs buyer activity - particularly in the lower end and mid-market price points. Overall the market remains strong and balanced, as we move into the traditionally slower sales period of the year. These statistics are a helpful benchmark for general information, but nothing replaces a professional, personalized assessment from your favorite realtor. Reach out anytime to check in and see how these numbers may impact you directly.

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