While analyzing different (residential single family) sub-markets, vis-a-vis the whole Charleston Metro market, it appears that the Daniel Island and Mt Pleasant markets act as "trend precursors" to the rest of the market area: They boomed earlier and faster, they slowed down before the rest of the market, and it appears like they are poised to recover while the rest of the market is still slowing down.

Maybe these high appreciation markets act as the leading indicators of the trends in the rest of the market, much like California starts most trends in the U.S.? If so, watching these markets could give savvy investors a leg up over the competition to judge future shifts in the real estate market for other areas of Charleston...

Alan Donald
Keller Williams Realty

www.BuyHomesInCharleston.com