James Island Real Estate News

Charleston Market Slides; James Island Numbers Far Ahead of Local Median Real Estate Results

Homes in Charleston during January fetched a median price of $176,000, a steep drop from the December level of $191,000. But James Island Real Estate prices held with a median number just over $256,000. The last time the Charleston area experienced a median number this low was 2004.

Unfortunately the number of transactions in the Charleston/James Island Real Estate market dropped an astounding 35% to 372 transactions. Since data has been kept, there hasn’t been a lower monthly sales number. The most interesting number to take from the current available statistics is that for the first time in nearly 2 years, the number of available properties for sale fell below 10,000 to 9,903. Some of this may be due to sellers removing properties from the market, possibly waiting for better days. But most of the decrease stems from sellers finally understanding their need to price their properties to sell during tougher economic and market conditions.

To read this article from the Post and Courier in its entirety click here: http://www.charleston.net/news/2009/feb/11/market_dives_over_bailout_plan71263/

For More information on James Island Real Estate or Long-Term Rentals contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.

February Month-to-date James Island Real Estate Market Sales Report

AREA

SALES

AVG PRICE

MED PRICE

% OF LIST

AVG DAYS ON MARKET

HOMES FOR SALE

West Ashley

9

$184,893

$181,788

94.63%

165

805

James Island

5

$437,000

$420,000

89.56%

159

517

Folly Beach

0

$0

$0

0.00%

0

272

Johns Island

0

$0

$0

0.00%

0

289

James Island Real Estate

James Island Real Estate for Sale - Homes for Sale in James Island Charleston South Carolina. You can also search for properties in these market segments, James Island Entry Level Homes, James Island Median Homes, James Island Upscale Homes, James Island Luxury Homes,and James Island Lots and Land in James Island SC. SC Real Estate for Sale in surrounding towns and communities, such as: Folly Beach, Summerville, James Island, Johns Island, West Ashley, and Charleston SC.

James Island Entry Level Homes less than $200,000

James Island Median Homes between $200K and $350K
James Island Upscale Homes between $350K an $700K

James Island Luxury Homes priced over $700K
James Island Lots and Land for Sale
Johns Island Homes for Sale

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