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Summerville, SC Real Estate Market Statistics for September 2009

By
Real Estate Agent with Exit Realty Charleston Group

Summerville, SC Real Estate Market Statistics for September 2009

Summerville, SC Real Estate Market Statistics - September 2009

New Listings

Total

298

Average List Price

$175,279

Median List Price

$159,000

Sold Listings

Days on Market (DOM)

94

Total

147

Average List Price

$168,903

Average Sold Price

$164,554

Median Sold Price

$147,965

% Selling Price/Listing Price

97%

Current Active Listings as of Oct. 13, 2009

Days on Market (DOM)

149

Total

1168

 Summary:

The real estate market in the Summerville, SC  is definitely a Buyer's Market, for every listing sold in the month of September there were 2 new listings added bringing the total as Oct. 13, 2009 to 1168 listings.

The average listing price in the Summerville, SC area is approximately $11,000 over the average selling price, which has resulted in homes staying on the market an average of 55 days longer.

If you are selling and a low offer is submitted, I recommend to work with all offers to see if you can make the offer a win - win opportunity for both you and the seller.  As a seller you can easily save thousands by working with buyers.  Remember the costs of owning a house is more than the cost of a monthly mortgage payment, it includes the monthly expenses (i.e. gas, electric, HOA, phone, and etc.) and maintenance costs to maintain the home.

Tip:  Price your home where comparables have sold versus where comparables have been sitting on the market, this will greatly reduce the amount time on the market. 

Tip: If you own more than your home is worth and you need to Sell.  Short Sale your Home (i.e. Price it to Sell).  I recommend working with an agent, who has systems in place to do short sales.

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Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.

 

 


Posted by

Matt Naumann – Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the
Charleston & Goose Creek, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.

Wendy Hodges
Re/Max Southern Shores - Myrtle Beach, SC
Davis & Hodges

Very nice, and very true. Sellers need to be aware of the market and not just shun any offer.

Oct 14, 2009 01:17 AM