The Sullivan's Island Market... today.
The Star of the West. This street on Sullivan's Island takes it name from the Citadel's historic Civil War Battle at Fort Sumter. Today, I'm calling it because this favored Island town is outperforming in terms of real estate activity.
No Seasonal Slow Down Here. All major metrics are showing improvement across Sullivan's Island. Inventory is below 6 months and ticked up just slightly, pending sales & closings are up year over year, as are prices. Buyer demand remains strong as evidenced by 78 days on market, on average, which has remained consistent for the past 5 months. This is one market where you'll want an insider like Matt to make sure you don't miss out on any opportunities.
Pigs get fat, hogs get slaughtered. Median Sale Price on SI is as high as it's been dating back to 2007 and has dropped slightly over the past 2 months. Even though things are quite rosy on Sullivan's today, the real estate market in general is poised for a pull back after this record period of growth. If you've been putting off the sale of your property waiting on further appreciation, don't be a hog and make your moves while prices are still high.