Can You Guess the Top Sale Price in Charleston This Season?

Author

Paul Kelton
October 02, 2024

Today at a Glance:

 PAUL'S MARKET JOURNAL

Alright, let’s have some fun today.

I’ve got the Q3 Sold Report attached in this newsletter, but first- let’s play some trivia? (No cheating)

What is the average sale price per unit for multi-family properties sold in Q3 2024?

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What was the highest sale price for a multi-family property in Q3 2024?

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By how much did properties in Q3 2024 sell below their asking price on average?

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Sold Q3 2024.pdf2.99 MB • PDF File

Altogether, this was a pretty active quarter with 19 properties sold. We haven't seen this much action in our market since Q4 of 2022. Could this be hinting at a change in seller pricing expectations? Or maybe the market is opening up more opportunities for buyers and investors?

What do you think is driving this uptick?

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