Charleston area home sales surpassed the national market in June due to the $8,000 federal tax credit that expires September 30th, 2010. Sales in June hit 1,022 transactions, the first time in three years. The tax credit combined with low interest rates and a large inventory of available homes fuled the boost in sales.
http://www.postandcourier.com/news/2010/jul/13/area-home-sales-pass-1000/
July 13th, 2010
Once the most expensive downtown Charleston property, 21 King has now been reduced to 6.85 million from it’s original asking price of 7,895,000. The owner Jim Palotta, a Boston hedgefund manager and part owner of the Boston Celtics bought the the property known as the Patrick O’Donnell house in 2007 for 7.2 million after engaging in a bidding war with another buyer. Caroline Ragsdale represented the buyer who submitted the competing bid. This fabulous property is in mint condition and the current owners never occupied the the home. Please give us a call if you would like more information or to schedule a showing.
March 30th, 2010
Moody’sEconomy.com forsees Charleston’s home prices to be up 0.18% in 2010 according to Smart Money Magazine.
http://www.smartmoney.com/personal-finance/real-estate/5-markets-expected-to-fare-best-in-2010/
January 10th, 2010
Older Entries
