Blog > Market Snapshot
Charleston continues to grow leaps and bounds.
The area is on track to have the highest number of closings ever, surpassing 2017's record of just under 18,000 home sales. With numerous corporate additions including Volvo and Mercedes-Benz, plus national media recognition like being awarded the #1 U.S. travel destination by Travel and Leisure nine years running, has helped to propel the massive growth.
Year-to-date, 2019 slightly exceeds 2018 in the number of closings, and we expect that spread to grow as we end the calendar year. The hottest areas of growth experiencing a 10%+ annual increase in closings are north Mount Pleasant, Folly Beach, North Charleston outside of the 526, Wando/Cainhoy, and Jedburg. Additionally, the median sales price is up to 4.1% translating to a record high of $283,000.
Mount Pleasant also has gained recognition for growth with WalletHub ranking it the #1 fastest-growing small city in the U.S. and second fastest-growing city in general.
There's a lot to love about the Charleston area. Contact me to learn more about the local real estate market and how you can get in on the action.
Margaret Marcoe
843-606-0661 Google Voice
843-437-1893 Direct