Key market metrics by year
business shut-downs, furloughs, and head-spinning
unemployment levels. Our market suddenly began
to light up with substantial high-end sales, so much
so that by the end of June the number of year-to-date
$1,000,000+ sales had doubled from what we saw
during the same time-frame in 2019, 2018, and 2017.
It’s not easy to say definitively (or, at least not singularly)
what launched this new wave of interest and activity,
though Covid, riots, work-from-home, and other factors
have all had a play in the “new” market.
Online real estate inquiries for our market have more
than doubled as compared to this time last year, as the
low-density, naturally beautiful, convenient, and outside
activity driven appeal of our market area has attracted
retirees, telecommuters, urban-exiters, quarantinepreppers,
investors, and many, many more. The word is
out, and the Lowcountry is squarely on the radar for an
unprecedented number of people!
So, where does this all position our market to head in
the second half of 2020?
I’d ordinarily brave the role of prognosticator, and
offer some sage predictions based on years of market
tracking and experience. But, for the sake of brevity
and out of an abundance of conservatism, I’ll simply yet
confidently resort to what I think we might all agree is
reasonable and sound:
We should expect the unexpected...
Chip Collins
Owner / Broker-in-Charge
[email protected]
| 2