Chapin South Carolina Real Estate Market Sets The Pace

Chapin South Carolina Real Estate Market Sets The Pace

Chapin, South Carolina is on the shores of Lake Murray and has been a hub of economic activity and growth the past few years. The most recent real estate data confirms that.  For the six months ending March 31, 2015 compared to the same time frame last year, the real estate market has been bustling as illustrated below:

  • 222 homes were sold, an 18.3% increase from prior year.

  • The average sales price of $284,413 was up 12.8% from prior year.

  • Average number days it took to sell a home in Chapin dropped from 122 to 105.

  • The number of homes in active inventory dropped from 4.5 to 2.8 months. In fact as of March 31, there were only 44 homes listed for sale in the Chapin zip code. This means if you are thinking of selling your home, NOW is a great time to do so because inventory (aka competition) is very low.

  • The Chapin market is on fire compared to the national market of which according to the National Association of Realtors, home sales in February were up only 1.2% from prior year.

With mortgage rates still near all-time lows, home sales and averages sales prices increasing and a low inventory, it a great time for both buyers and sellers to get in on the action in Chapin. With it's diverse neighborhoods such as Timberlake and  Night Harbor,  there is a home style for every taste. Checkout homes for sale in Chapin and as a teaser, take a look at the one listed below.

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Gary Heiligman Real Estate Professional advocating and negotiating on behalf of  Buyers and Sellers in  communities surrounding Lake Murray South Carolina including, ChapinIrmo, Lexington and Timberlake . Real Estate with Gary Heiligman associated with EXIT Midlands Realty, email or call 803-271-9544 .

Maria Kitchens Headshot
Phone: 803-467-1694
Dated: April 9th 2015
Views: 1,135
About Maria: Maria Kitchens is a Real Estate Professional who has lived in Chapin, SC, for the past nine years wi...

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Location & Address

EXIT Midlands Realty
PO Box 807
Chapin, SC