Home Sales Booming In South Carolina
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There is a boom going on in South Carolina with the number of homes sold increasing by 23%. The median home price also rose a robust 9% year over year for the month of August. One of the factors in this rise according to Th State, a leading South Carolina newspaper.
The most homes were sold in Charleston, the Myrtle Beach area and in Columbia, while Hilton Head topped the state and nation with the highest median home price, according to the S.C. Association of Realtors.
Peggy Gainey, president of the board of directors for the Greater Columbia Association of Realtors, said low interest rates, Columbia’s location and moderate weather contributed to the boom in home sales.
“Real estate has done wonderfully well in the last four to five years,” Gainey said. “Because of that, people have traded up in houses.
Other Regions are showing huge housing price gains today:
Just when it looked like the big price push was over, housing prices rose again — to a new high.
The median sales price for an existing, single-family home in the Sarasota-Bradenton market jumped to $347,400, the Florida Association of Realtors reported on Monday.
That’s a big turnaround from July, when prices retreated slightly from the previous month, but a huge boost from August 2004 when the median hit $258,700.
The one-year increase: 34 percent.
Existing-home prices in Palm Beach County and the Treasure Coast have more than doubled in just three years.
In Palm Beach County, the median price of an existing single-family home soared to a record $411,400 in August, a scorching 107 percent increase over August 2002’s median price of $199,000, according to analysis of a report the Florida Association of Realtors shows released Monday. The median is the midpoint at which half the homes sold cost more and half cost less.
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
not bad 
I can't speak for the whole state of Nevada, but in the Las Vegas area, homes are still selling, we ...
Comment by Layla on 18 July 2008:
It’s good to see that the housing market is strong somewhere in the U.S.
Comment by angelinjones on 14 November 2008:
The South Carolina housing market continued to buck national trends around Anderson, so it was no surprise to some lenders that they aren’t seeing the huge increases in foreclosures making headlines in national media.
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Angelinjones