The Charleston, South Carolina Land Market Report is a “snapshot” of area land listings and sales for land buyers and sellers that are currently in the real estate market or are thinking about getting into the market.
Since Charleston contains multiple zip codes this analysis may or may not be specific to your area and should only be used as a tool to determine trend lines and a look at the Charleston areas:
Adams Run, Hanahan, Ladson, Rockville, Ridgeville Awendaw, Harleyville, Lincolnville, Santee, Folly Beach, Bonneau, Holly Hill, McClellanville, Seabrook, Kiawah Island, Charleston, Hollywood, Meggett, Sullivan’s Island, Goose Creek, Cottageville, Huger, Moncks Corner, St. George, Walterboro, Daniel Island, Isle of Palms, Mt. Pleasant, St, Stephens, Ravenel, Dorchester, Jedburg, N. Charleston, Summerville, Edisto Island.
The following is a review of land activity in the Charleston South Carolina area during May 2020:
2,234 – Actual number of land parcels listed for sale.
72 – Actual number of land parcels SOLD.
$5,130– Lowest Priced Sale: (On market for 361 days -sold for 85% of listing price)
$755,000 – Highest Priced Sale. (.75 acre in Sullivan’s Island -97% of listed price)
The Charleston area land market is a challenge. With roughly 3% of available land being sold each month, Buyers have more inventory to choose from, which can result in it taking months (sometimes years) for land to sell.
Because, historically, vacant land takes much longer to sell than a house because there is a smaller market for land buyers. (and financing is much more difficult!) . That’s why our company was created; to give you a alternative way to sell your vacant land.
If you are thinking about selling your land and would like a simple and fast solution without expensive fees and commissions, leave us a little info….
I would be happy to answer any questions. No obligations.
Find out what we can do for you – call us today 843-564-8438.
Vacant Land Solutions 10070 Dorchester Road # 51396 Summerville, South Carolina 29485