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
181 Ballybunion Drive, a 9,900 square foot mega mansion on Kiawah Island’s oceanfront and designed by New York architect Robert AM Stern, fetched an impressive price of 14 million dollars, the largest residential sale ever recorded in Charleston County. This transfer surpasses last year’s record sale in Charleston’s historic South of Broad neighborhood. 37 Meeting Street sold for 7.375 million. http://www.postandcourier.com/news/2010/jun/12/kiawah-is-house-sells-for-14m/
June 13th, 2010
Property taxes and property tax reform are on the minds of many Charlestonians. “Why are our taxes so high?” we hear everywhere we go. South Carolina’s legislators are in the process of creating property tax reform that will help ease the burden on homeowners, particularly those who have bought in recent years, and those entities that benefit from tax money, i.e. schools and government. It’s a continuing struggle and the S.C. Association of Realtors thinks that the most recent legislative proposal didn’t go far enough in helping business and homeowners. Read more at http://www.postandcourier.com/news/2010/jan/22/realtors-withdraw-support-for-tax-plan/
January 26th, 2010
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