Charleston real estate market report, Unit sales May 2008
Unit sales are very interesting to report this month, not because very much has changed since sales are generally at lower levels than previous years. But there is one classification in the Charleston real estate market where sales increased and not by a little bit but by a lot and that is the sales of luxury condos.
A large development, The Village in Wild Dunes Resort on the Isle of Palms recently closed and the information was just added to the Charleston MLS. There were sales of 71 units over $600k and 15 units under $600k so take a look at the large percentage increases shown below. Actually, I've been reporting that sales in the Charleston luxury condominium market have been strong for most of the past 12 months and this latest development put the percentage of sales gains firmly in the black.
Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.
