Charleston Trident Associaton of Realtors posted that overall home sales were up 19% over February of 2009:
http://www.scbizmag.com/content/view/136950/1/
New home sales fell, but that's to be expected with less and less new homes being built.
Tuesday, March 30, 2010
CNN Money 2010 Projections
This article from CNN Money is forecasting a 1.9% value increase for Charleston real estate:
http://money.cnn.com/magazines/moneymag/moneymag_realestate/2010/states/SC.html
This is actually the only increase they are predicting statewide. I do think we'll see values begin to recover beginning in the summer months especially in the lower end - under $200,000. High value properties (over $1 Million) will continue to struggle in maintaining their values this year and have a little more downward adjustments to make in my opinion before values stabilize.
http://money.cnn.com/magazines/moneymag/moneymag_realestate/2010/states/SC.html
This is actually the only increase they are predicting statewide. I do think we'll see values begin to recover beginning in the summer months especially in the lower end - under $200,000. High value properties (over $1 Million) will continue to struggle in maintaining their values this year and have a little more downward adjustments to make in my opinion before values stabilize.
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