The Midtown Blog
A Reavis-Comer Development
Monday, July 27, 2009
Midtown- Terrific Value for Downtown Charleston
Summer is in full swing at Midtown, and we've taken a look at finalized statistics through the end of the second quarter. While active listings in Downtown Charleston are slightly up from 2008, and closed homes are slightly down, an interesting point is that the average sales price is up by about $30,000. This is an indicator that Downtown remains a solid buy, even in these economic times. With the College of Charleston, MUSC, the Charleston School of Law, and the incredible quality of life that our City offers its residents, Downtown Charleston will continue to be a place where people will want to live, work, and play. Within the City, Midtown is the best thing available, for many reasons. In addition to the location and the things going on in the area which will add value, the quality of the construction and finishes, and the fact that the homes are brand new, Midtown is an incredible value. The average price per square foot of active listings at Midtown is $319.52, and the average of comparable listings downtown is $378.52 per square foot. When you consider this value, the location (walking distance to everything), and the upscale, low maintenance lifestyle offered at Midtown, and take into account that prices, on average, are still increasing in Downtown Charleston, it becomes very clear that this is a great neighborhood to call home.
Labels: Charleston, MIDTOWN
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