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New data from the Charleston Trident Association of Realtors show that 518 homes sold last month, a 26% decline over April 2008 and 50 fewer than the total from March.
It is unclear what this drop means for the local residential housing market, especially the James Island Real Estate Market. April is historically a busy month for homes sales and the drop comes at a time when interest rates are near an all time low and the federal government is tempting first time buyers with an $8,000 tax credit. The median price of a home sold last month slipped to $181,303 - down from $205,000 for April 2008.
To read the full article from the The Post and Courier.
For More information on James Island Real Estate or Long-Term Rentals contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.
James Island Real Estate Market Sales Report May 1-15, 2009
|
SALES |
AVG PRICE |
MED PRICE |
% OF LIST |
DAYS ON MARKET |
HOMES FOR SALE |
|
25 |
$201,296 |
$181,500 |
92% |
107 |
569 |
James Island Real Estate
James Island Real Estate for Sale - Homes for Sale in James Island SC. You can also search for homes 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. Exit Realty The Tracey Group (843) 270-1300.
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