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Old 01-11-2009, 09:17 PM
c99 c99 started this thread
 
Location: Under the sun
237 posts, read 947,450 times
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I just saw this article http://www.marketwatch.com/news/story/This-year-a-bad-time/story.aspx?guid={7FDA1504-8F8D-4795-B8F0-B4EA17FDDFF4}&dist=SecMostRead issued by "Market Watch" on January 7th.

Calling Charleston-area RE experts could you share some data with us?

It would be great to know the current months inventory, foreclosures, short sales, DOM, % list price (though we all know that's not necessarily very accurate), and any other useful stat you have time to share. Do you have any year-end data? What price range of homes are moving in James Island, Mt. Pleasant, and other areas?

Thanks so much.
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Old 01-12-2009, 12:49 PM
 
Location: Summerville, SC
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As one can gather from the statistics, sales are down and have been down in our area. One can’t ignore the numbers, however I just saw in the Charleston Regional Business Journal that “South Carolina was the 10th-fastest-growing state from July 2007 to July 2008, according to U.S. Census Bureau state population estimates released today.”

Our state grew by 1.7%, from 4,404,914 to 4,479,800 people. That means 74,886 people were added to our state in the space of a year. “Of the 74,886 people added to South Carolina in the past year, 49,736 are counted as the net of people moving here from other states and South Carolinians leaving the state for other states. Similarly, 5,113 represents net migration to other countries.”
That’s a whole lot of people flocking to our state. Granted, its not the numbers we have seen in previous years, but it is still enough to get us into the top 10 for the country.
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Old 01-12-2009, 08:39 PM
c99 c99 started this thread
 
Location: Under the sun
237 posts, read 947,450 times
Reputation: 183
Thanks for your input, SCDweller.

I was wondering how the influx of migrants affected our real estate market.
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Old 01-13-2009, 07:34 AM
c99 c99 started this thread
 
Location: Under the sun
237 posts, read 947,450 times
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Does anyone else have any input specifically on the Charleston market or the article I posted above?

I'm curious to see how the market has fared in the last quarter.
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