Home sales, prices up across Lowcountry

By Ashley Barker
abarker@scbiznews.com
Published April 14, 2014

Across the Lowcountry, more than 1,100 homes sold at a median price of $219,316 in March, according to preliminary data released by the Charleston Trident Association of Realtors.

Both figures are up from last March when 1,075 homes were sold at a median price of $200,789 in the region.

There were 5,873 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service last month, which is up from 5,565 in February and 5,745 in March 2013.

“As the spring buying season begins, the expected trend has continued — a small, but sustainable increase in sales,” Charleston Trident Association of Realtors President Corwyn Melette said in a statement. “The additional inventory will result in more interested buyers and help keep our market stable over the next few months.”

In Berkeley County, 248 homes sold at a median price of $176,601 in March. A year ago, 201 homes sold at a median price of $168,000, according to the association.

“The substantial sales gains this month in Berkeley County were supported by a concentration of activity in the new Cane Bay Plantation and Daniel Island,” Melette said.

The median price of 626 homes that sold in Charleston County was $280,000 in March. In Mount Pleasant, 210 homes sold for a median price of $390,633. Other top areas were West Ashley, outside of Interstate 526, with 77 sales at a median price of $219,000 and North Charleston, outside of I-526, with 64 sales at a median price of $131,295, the association said.

Last March, 649 Charleston County homes sold at a median price of $245,000, according to the realty group.

Dorchester County sold 191 homes in March at a median price of $159,000. The most active areas were Summerville and Ridgeville, where 85 homes sold at a median price of $173,000, the association said. In March 2013, 189 homes sold for a median price of $162,500.

Reach Ashley Barker at 843-849-3144 or @AshleyNBarker.

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