Home Prices on James Island SC for September 2014
Real estate market data for James Island, SC provided by Greg Polak of Keller Williams Realty
James Island SC Home Prices
We have seen several straight months of listing price increases on home prices on James Island and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house on James Island but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the James Island home on which you are making an offer.
If you are interested in how much current inventory is on the market on James Island you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of James Island, homes have a median time of 81 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory on James Island has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
James Island SC Real Estate Report Summary
The number of active listings on James Island (29412) increased by 2.7% from the previous month.
There were 278 active listings.
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