According to a new survey, Charleston ranks as fourth best spot for real estate investment among retirees.

Posted by Scott Campbell on Tuesday, January 25th, 2011 at 7:00am.

Real Estate News

 Seniors eye Charleston, local home and design show gears up Saturday, January 15, 2011 Guide: Local area among top retiree locales Pleasant temperatures, a steady economy and friendly residents are benefits of urban Charleston for people wrapping up their careers.

According to a new survey, Charleston ranks as fourth best spot for real estate investment among retirees. Local Market Monitor and its president Ingo Winzer compiled the list recently. That’s according to Michelle Whitbeck, an agent with Keller Williams Realty, as part of her monthly Lowcountry Real Estate Update. The list is intended to assist retirees wanting to choose a warm climate.

In describing the Charleston metro area, Winzer said, “Southern hospitality and beautiful downtown architecture are draws to this town, which boasts stable employment, as well as The Citadel and the Medical University of South Carolina. The average home price of $256,300 is expected to rise 5.5 percent by the end of 2013.” The top spot on Local Market Monitor’s list is Durham/Chapel Hill, N.C., followed in order by Augusta/Richmond County, Ga.; Las Cruces, N.M.; Charleston; and Nashville, Tenn.

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Scott Campbell

Owner, Broker Associate

Prestige Real Estate Group

843-259-9913

scampbell@prestigesc.com

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