In a headline that heralds across-the-board gains in the Charleston, South Carolina, metro area, one local media outlet has called the economy “nearly unstoppable.” For those considering relocation, the sheer quantity and quality of Charleston SC homes for sale -- coupled with fiscal stability of the city and beyond -- should do more than enough to instill confidence in prospective buyers.
According to The Post and Courier newspaper, almost all economic indicators are pointing up in 2017 and 2018 – except for unemployment, but that too is good news. The March 2017 update offered by the Charleston Metro Chamber of Commerce cites widespread gains in employment, building permits, airplane passengers, real estate sales and more. The report adds that approximately 10,000 new local jobs are expected to be created in 2017.
According to the chamber document, the Charleston region is expanding by adding 48 new residents daily. Of that figure, 35 are new residents and the remainder and new births. The forecast also celebrates the influx of “well-educated young talent.”
What does this mean for those in the market for Charleston real estate? A local CBS television news affiliate cited recent chamber figures that predict more than 19,000 homes, at an average of $330,000 for a single-family residence, will be sold in the Charleston area this year. What’s more, the estimate is 2,000 units higher than the number sold in 2016.
Factoring for forecasted sales for the remainder of 2017 as well as 2018, the chamber cites residential home sale figures that have steadily climbed from 10,638 in 2012 to 17,720 in 2016. The chamber’s outlook cites more grocery stores and home improvement centers coming to suburban markets.
Factor in a rich history, tourist attractions as well as the opportunity for beach-front living and it’s clear to see why more and more people are choosing the Charleston area as their next home. For additional information about real estate and Charleston SC homes for sale, call 800-342-2105.