Charleston Real Estate Quarter 3 2015 Market Update

Dated: 10/13/2015

Views: 1676

Quarter 3 of 2015 was very strong for the luxury market downtown, a fact which is reflected in the statistics. With decreasing inventory and high demand from luxury buyers, homes are fetching high prices on the peninsula.

There were only half as many closed sales in Quarter 3 of this year compared with 2014, and the average sale price increased by a whopping 38%. This huge jump is a result of both a lower number of sales and the impact of three large sales - 15 Orange Street (sold for $3,200,000) ; 1 Meeting Street (sold for $4,200,000), and 32 South Battery, (sold for $7,717,500). 

Please enjoy our online E-Book with valuable local statistics relevant to YOUR neighborhood. Call today to find out more about how you may benefit from the current market conditions. 

Click to view DRSIR's Quarter 3 Market Update

Blog author image

Daniel Ravenel

Daniel Ravenel Jr. is the son of founder and Broker-in-Charge, Dan Ravenel. Daniel was born and raised in downtown Charleston, watching his father thrive in the early nineties as the area experienced....

Latest Blog Posts

Top Five Questions About Inheriting Real Estate In South Carolina

Top Five Questions About Inheriting Real Estate In South CarolinaSome of our most beautiful historic homes have been passed down through generations of Charlestonians.  It’s fascinating

Read More

Whats The Best Kept Lunch Spot South Of Broad

April in Charleston means alfresco dining and strolls through the historic district.  Do you know about the best kept secret for lunch and light bites South of Broad? It’s Cafe Musique at

Read More

Interested In Finding Out What Your Home Is Worth

Several factors go into determining your home's worth.  Interested in a quick valuation?  Visit my Custom Valuation site HERE.  You'll receive your free comprehensive home report

Read More

Best Way To Log 5000 Steps In Downtown Charleston

Getting in almost 5,000 steps - of the 10,000 step goal recommended by the American Heart Association for optimal health benefits - is no big deal with one of my favorite walks through the

Read More