The town of Mt. Pleasant will soon be the home of a new mixed-use development, the construction of which should begin by late 2015.
As you probably know, there is much building and improving going on in Summerville, SC. There’s really no escaping it. Summerville has grown by leaps and bounds very quickly, and the town has had to expand quite a bit to accommodate this growth. Enter MeadWestvaco's 4,500-acre Nexton development, which we’ve reported on in previous blog entries. In addition to new housing, a new elementary school, shops, restaurants, and parks, a brand new, innovative medical campus is being developed by Palmetto Primary Care Physicians and MWV.
The outlook is great for Charleston area real estate as indicated by this year's market statistics. "The region remains on track to close 2014 with sales that reflect what the trend has been all year—a growing, sustainable market," says newly installed 2015 CTAR President Matthew DeAntonio. Check our infographic below to see just how well the market performed in November 2014. Numbers are up once again this month! Last year, 918 homes sold at a median price of $203,405. This November, 962 homes sold at a median price of $222,283. Though the numbers dipped slightly for the holidays, which is always expected, these stats show solid growth in Charleston over the last year.