Share Bloomberg Business Week reports on the most expensive homes sold in the US this year and noted that a record sale of $100 million was set this year for a home in Los Altos Hills CA. But for those of you interested in the Charleston luxury real estate market, how did Charleston’s most expensive homes…
Category Archives: Charleston Home Values
[After Christmas housing sale] 1/3 off per S&P Case-Shiller
Share There’s quite a headline from MarketWatch this morning reporting on the latest S&P Case-Shiller report. Prices slipped a little in October but because the report is not seasonally adjusted that is to be expected. But the bigger story from MarketWatch is that home prices are now down one third from their peak in 2006. Now…
Foreclosures and home price declines
Share There is no doubt that foreclosures cause home price declines whether you are talking about a foreclosure down the street from where you live or across a city as in the case of the foreclosure capital of America, Las Vegas. All in all, we are very fortunate to live (and sell real estate) in…
[WTF] S&P Case Shiller, were Aug home prices up or down
Share So take a look at these two headlines from the screenshot from Google News and tell me whether prices were up or down in August according to S&P Case Shiller. All I can tell you is that I’m kind of glad that the Charleston real estate market is not one that Case Shiller includes in…
Charleston realty reality [Realistic Expectations]
Share Charleston home buyers and sellers have diametrically opposing positions. A buyer wants to be able to buy a home for the lowest possible price while a seller wants to be able to sell their home for the highest possible price. The most important word here is possible. So it’s always a shame to see…
Zillow is not always correct
Share But first of all, congratulations to the founders, employees and venture capitalists for the very successful IPO that values Zillow at approximately $1.5 Billion, about 50 percent higher than the analysts had estimated. Now, back to the story. When Zillow provides a zestimate, it is just that, an estimate with their famous Z. It…
