OLD VILLAGE/OLD MT. PLEASANT MARKET UPDATE:
The 2018 average sales price for single family homes in the Old Village/Old Mt. Pleasant was $816,000 compared to 2013’s average of $570,000. That represents an approximate 7.5% appreciation rate per year over the past 5 years! Amazing!
So what is expected for 2019? Local experts forecast another solid year, as there are plenty of buyers and inventory is still low. Interest rates will prove to be the “wild card” as rising rates will limit some buyers’ ability to purchase, potentially creating longer market times. But for today, according to “The Morning Brew” the 30-year fixed mortgage rates hit a 4 month low, which is welcome news! Full steam ahead!
Data obtained from the Charleston MLS, deemed reliable but not guaranteed. The 2013 sales average did NOT include 101 Venning St., which closed for $5,000,000.