Prestige Insider Reports

Indepth Daniel Island real estate news, trends and tips 

Found 8 blog entries about Prestige Insider Reports.

WASHINGTON (December 11, 2019) – The National Association of Realtors® identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are:

  • Charleston, South Carolina
  • Charlotte, North Carolina
  • Colorado Springs, Colorado
  • Columbus, Ohio
  • Dallas-Fort Worth, Texas
  • Fort Collins, Colorado
  • Las Vegas, Nevada
  • Ogden, Utah
  • Raleigh-Durham-Chapel Hill, North Carolina
  • Tampa-St. Petersburg, Florida

“Some markets are clearly positioned for exceptional longer-term performance due to their relative housing affordability combined with solid local economic expansion,” said NAR’s Chief Economist Lawrence Yun. “Drawing new residents from other states will also further stimulate housing

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Charleston has grown at a rapid rate in recent years. A recent study indicated Charleston is second in growth to Austin TX. In Charleston's market, lifestyle is the big driver of growth. Families looking to improve their life, live in a smaller city with all of the amenities of a big city, and enjoy lower real estate taxes are making the move. Of course, growing employers like Boeing, Bosch, Mercedes and many others bringing new hires in. 2017 was the busiest year ever for home sales. The growth rate of homes sold was up 3.4% over 2016 and median price was up 4.3%. Of course, this is not a huge increase which delights us as the growth rate is sustainable. We are not seeing the dynamics of the 2008-2009 period of speculation.

 

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Daniel Island is experiencing a healthy rebound with no sign of a seasonal slow down through the remainder of the year. Enjoy this in-depth report on all aspects of the Daniel Island real estate market. With active listings of homes and home sites very low on the island and prices rising, it is more important than ever you work with a realtor you can put your trust in and knows the island extremely well. Read the report.

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