The following transcript was taken from a Facebook video on 4/18/24

Hello, friends. I'm coming to you for a quick market update and also to give you a quick property tour of my newest listing. We are in Fieldview right now, which is in the town of Summerville, five minutes from downtown Summerville. It is adjacent to Gahagan Park. I'll highlight some of the details about the property here in a moment. But Fieldview, it is a quaint little small community, sidewalk line street, mature landscaping. But the Gahagan Park has ball fields. They have a playground that's really spectacular. I used to take my children there when they were little. The town of Summerville also has a lot of their community events at Gahagan Park. In fact, the 4th of July fireworks show happens there, and you can sit on the back patio of this home and watch those fireworks. So, lots of great things about Fieldview, and I'll highlight more about the house here at a moment, but it is 500 and/or less.

So if you have a buyer that's looking for quaint property here in town, stay tuned. But in terms of a quick market update, great buying activity this week, 330 properties went under contract. 15% of those guys were a million or more. So our market really is pushing that price limit.

So here's another fun fact, $495,000 was the median sales price. So if you're having a hard time in that, finding some properties in your lower price points of $250,000, $300,000, even upwards to $400,000, there's a reason why a lot of our properties are selling in that median price point of about $500,000 now. So challenge for those that are not qualified for that higher price limit.

It has been a great week with buying activity. 330 properties went under contract this past week, and 15% of those were a million more. So we really are pushing that upward trend on our prices. Our average sales price was $495,000 for our single families this last week. So it's been a challenge for affordability for our buyers that are looking in the $300,000, $400,000 price point. We're finding it to be very challenging for our first time home buyers. But we do have a webinar for buyers that will be on our YouTube channel. We're hosting it live, but we are going to house it on YouTube. So make sure to tap in, watch that webinar because we are going to be highlighting how to be very aggressive as a buyer in this competitive field. If you're interested in buying, selling, or investing in the Charleston region, reach out to me. I'd be glad to assist.