ESTATE


Home sales tick upward in March Tri-cou…
2009/04/13, 7:07 pm
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Home sales tick upward in March

Tri-county home sales ticked upward in March, and a new batch of first-time homebuyers indicates “consumer confidence is on the rise,” said Gettys Glaze, president of the Charleston Trident Multiple Listing Service.

Last month, 568 homes closed in the region, compared with 363 in February, for a 37% increase.

The median sales price also increased 3% compared to February to $185,000 in March.

The Charleston Trident Association of Realtors released its monthly housing report Friday, saying the numbers have led to “cautious optimism among industry leaders.”

“People are realizing the incredible selection and value in this market and making the smart decision to invest in real property,” Glaze said.

But sales are still down considerably from the same period a year ago. In March 2008, 752 homes sold, compared with the 568 last month. And the median price of homes a year ago was $197,500.

Charleston County sales led the pack last Month, with 288 homes sold in March, compared with 180 sales in February. Most of the market activity was concentrated in the northern portion of Mount Pleasant, which includes the Park West development. The area saw 52 sales and a median price of $321,250.

In Dorchester County, 112 closings were recorded last month. Nearly half of the county’s activity was in the Ridgeville area, where a total of 50 sales closed with a median price of $171,300.

Sales increased 32% in Berkeley County in March, with 137 closings at a median price of $165,000. The majority of those sales were concentrated in the Goose Creek area near U.S. Highway 52 and Oakley Road.

http://charlestonbusiness.com/news/27166-homes-sales-tick-upward-in-march

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