Luxury real estate in Historic Charleston
... is still very desirable.
Despite rumours to the contrary, that real estate is dead as an asset class, several recent transactions clearly demonstrate that buyers are still interested in one of a kind luxury properties in Historic Charleston.
During April, four homes closed on the Charleston Peninsula at prices over $2 million.
One additional property listed at $7,750,000 is currently pending. Noteworthy to mention is that 3 of the 4 transactions were for cash.
Home pictured is 39 Church Street, built 1743, photo courtesy of the Charleston MLS.
Prices paid:
1 Vendue Range, listed $2,696,000, sold $2,550,000 (-5.4%) cash, 5 days on market
23 Elliott Street, listed $2,995,000, sold $2,300,000 (-23.2%) cash, 847 days on market
39 Church Street, listed $4,850,000, sold $4,200,000 (-13.4%) cash, 49 days on market
19 East Battery, listed $7,300,000, sold $5,400,000 (-26.0%) conventional, 160 days on market
For more information on investing in luxury real estate in Historic Charleston, please contact me.