[Charleston real estate] What's your dollar buy today
... in a word, more.
After recently updating the What's Your $ Buy page, I noticed that since Charleston home prices have declined a bit, you are now able to buy quite a bit more home than before. Check out recent sales from around the Charleston area by price point at varying increments from $125,000 to $3 million and search for Charleston homes for sale by price range.
With more foreclosures for sale in the Charleston area, there are many advantageous buys. Even some short sales are closing which is quite a turnaround from a year or two ago when you couldn't even get a bank to respond to an offer. I guess lenders are starting to think that letting a homeower off the hook for a 20% loss is better than foreclosing and losing 40%. Still, short sales aren't always easy to buy but at least it's more possible than before.