Ten Years of Appreciation in Charleston SC
I was looking at the appreciation charts on our housing market here in Charleston for the past ten years and thought I would share it with you as it gives us a good outline on why our market had to slow down to become more balanced.This was accumulated by Debbie Poplin our Statistic Analyzer. All the information was provided by the Charleston Trident Multiple Listing Service here in Charleston.
As you can see some of our beach areas increased between 246% and 271% which averages between 24% – 27% a year , in the past a good appreciation was considered between 3%-6%. Folly Beach had a healthy 148% averaging 14.8%, and our downtown Peninsular, Mt Pleasant , and many of the other areas were all over the 100% with North Charleston leading with 161%. This was a dramatic decade, I doubt we will see increases that high in the near future. Although I will always believe that Real Estate a great investment and will always be so. Hope this was interesting to you. Sheila
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