What Makes Lowcountry Real Estate So Complicated Reason #37

While the big picture is obviously important, you have to understand each component as well, so it's not enough just to see the forest, you have to recognize each tree –

"A recent analysis of the Charleston real estate market shows while the market is currently in a higher risk status, that does not mean certain segments are not performing well.

Appreciation and inventory of single-family homes in Goose Creek and Mount Pleasant, for example, show very different trends. The Goose Creek market has appreciated 12.3% since last year and has only 2.9 months worth of inventory, while Mount Pleasant has 10 months’ worth of inventory and an appreciation rate of 3% since last year.

Brad Rundbaken, a principal with Advantage Commercial Capital, a boutique financial services firm specializing in real estate and securities, said the tri-county has micro-markets that are both favorable and unfavorable at this time.

'You start looking at North Charleston and Goose Creek and some of other areas, and some places aren’t so bad,' Rundbaken said."

For the full Charleston Regional Business Journal article: http://www.charlestonbusiness.com/pub/13_11/briefs/9503-1.html