Tax season is over and the Real Estate Selling season is in full swing for 2019. Our general observations are one of a normalizing market this spring with price per square foot generally flat or only slightly up across the greater Charleston market. A few standout sales downtown have driven up our statistics significantly in these micro-markets, with South Of Broad showing the biggest jump from $604/sf to $769/sf year over year for first quarter sales. This is indicative of several trends including some high priced pied-à-terre’s closing as well as a few very high dollar transactions which influence averages. The important question of flooding continues to linger in buyers minds downtown and we believe has negatively affected values and days on market for some areas.
