Summerville SC is a suburb of Charleston SC and is located northwest of Charleston off of I-26. Summerville appeals to both families and businesses and is one of the fastest growing cities in the Lowcountry. Summerville has a fairly large population at a little over 48,000 people but still has a small town feel and attitude. The town was originally settled just after the revolutionary war by plantation owners but the town was not officially created until 1848. There has seen a huge population increase in the last 20-30 years due in large part to its increased popularity to local military members assigned to Charleston AFB, as well as the overall growth of the Charleston metropolitan as a whole.
View Summerville in a larger map
Current Numbers - Like most real estate markets Summerville has seen a downturn in the number of homes sold, but homes are still selling and the population continues to grow. From the graph you can see the amount of homes that were selling in 2008 as compared to the first 4 months into this year. There are currently around 1500 houses on the market. With the current selling rate per month, there is just over 14 months of inventory on the market.
Top Selling Neighborhoods - Summerville has a vast array of neighborhoods. There are plenty of older neighborhoods, of which the homes are older, but the neighborhood tends to have more "character" and the yards and space between homes tend to be bigger and greater.
On the other hand, many people like the appeal of a new home that has never been lived in before now. That combined with the fact that new home builders are giving a lot of buyers some really good deals is often too much for home buyers to pass on.
Thus far in 2009, the top 5 neighborhoods in Summerville are Wescott Plantation, Cain Bay Plantation, Sangaree, Legend Oaks Plantation, Lakes of Summerville. All of these, with the exception of Sangaree, are considered new construction neighborhoods.
For more information about real estate in Summerville SC or anywhere in the Charleston Tri-county area, please contact Michael Johnson at 843-817-5299 or email at michaeljohnson@carolinaone.com.
Michael J. Johnson, Realtor
843-817-5299
www.providingthelight.com
www.metrocharlestonhomes.com
michaeljohnson@carolinaone.com
Recent Blogs
1. Crowfield Plantation Real Estate
2. Goose Creek SC Real Estate
3. Things to Do in Charleston
4. Real Estate Gumbo
5. History of Charleston AFB
6. Summerville Road Extension
;)
;)
;)
