Post & Courier: Record Home Sales for South Carolina in 2017

According to a recent article published by the Post & Courier, home sales in South Carolina reached new heights in 2017.

A robust job market and higher incomes in a booming economy led more people across South Carolina than ever before to lay out money last year for what is usually the biggest purchase of their lives — a house.

Real estate transactions across the Palmetto State climbed 4.5 percent as 83,570 homes changed hands in 2017 throughout the state, according to the Columbia-based S.C. Realtors Association.

That’s the highest number since the peak before the recession of 74,829 in 2006, a year before the housing market crashed and the Great Recession began.

via: Post & Courier

via: Post & Courier

“South Carolina’s economy is growing and continuing to add jobs, and mortgage interest rates will remain near historic lows,” said Kremydas, the S.C. Realtors chief executive officer. “The real drag is inventory. Tight inventory will remain tight, despite increases in new construction. This ongoing inventory shortage will result in home prices continuing to increase as well.”

 To read the full article, please click here.

SOLD! 2457 Scholar Lane

Congratulations to Thomas Mathewes, representing the buyer, in the purchase of 2457 Scholar Lane in North Charleston. The 3 bedroom, 3.5 bath University Park townhouse sold for $175,000.

2457 Scholar Ln

SOLD! 1803 Parc Vue Avenue

Congratulations to Brian Zaks on the sale of his listing at 1803 Parc Vue Avenue in Mt. Pleasant. The 2 bedroom, 2.5 bath Montclair townhouse sold for $198,000.

1803 Parc Vue Avenue

SOLD! 427 Doane Way

Congratulations to Chauncey Clark on the same of his listing at 427 Doane Way in Wando. The 3 bedroom, 2.5 bath Beresford Commons townhome sold for $167,500.

427 Doane Way

SOLD! 12 Porters Court

Congrats to Brian Zaks on representing the buyer in the purchase of 12 Porters Court in downtown Charleston. The 2 bedroom, 1.5 bath Cannonborough home sold for $437,500.

12 Porters Court

SOLD! 771 Canopy Cove

Congratulations to Brian Zaks on representing the buyers in the purchase of 771 Canopy Cove on James Island. The 3 bedroom, 2.5 bath Carolina Oaks at Lighthouse Point home sold for $537,000.

771 Canopy Cove

SOLD! 276 Forest Trail

Congrats to agent Chauncey Clark, representing the buyer, on the purchase of 276 Forest Trail on the Isle of Palms. The 4 bedroom, 2.5 bath, situated on a beautifully wooded lot, sold for $615,000.

276 Forest Trail

SOLD! 1609 Poinsetta Road

Congratulations to agent Thomas Mathewes on representing the buyers in the purchase of 1609 Poinsetta Road in West Ashley. The 2 bedroom, 2 bath Pinecrest Gardens home sold for $299,900.

1609 Poinsetta Road

SOLD! 523 Deer Street

Congratulations to agent Tom Hodges on the sale of his listing at 523 Deer St. in Mt. Pleasant. The 6 bedroom, 6.5 bath home in the Old Village sold for $2,215,000.

523 Deer Street