(2/5 - Index)
Average selling prices for houses continued to climb in the Charleston
area in the first quarter of this year.
The number of houses sold also increased over the same quarter
last year, for both new and previously owned homes, according to
Market Opportunity Research Enterprises, a company in Rocky Mount,
N.C., that tracks the local housing market.
But the number of building permits for new houses declined for
the second straight quarter, possibly indicating some cooling
off for new construction.
The average selling price for a new home sold in Charleston,
Dorchester and Berkeley counties January through March was $158,187,
according to the report. That was a 3.9 percent increase over $152,
250 for the first quarter of 1997.
For all of 1997, the average selling price of a new house was $152,647.
That was up 4 percent from the average of $146,772 for 1996.
The average selling price of a previously owned home in the Charleston
area was $156,099 in the first quarter of this year. That was up 19.
percent from $130,939 in the first quarter of 1997.
For all of 1997, the average selling price of a previously owned
home in the Charleston area was $144,818. That was up 17.1 percent
from $123,655 in 1996.
For the first quarter of this year, 406 new houses were sold,
according to the report. That was an 11.5 percent increase from
364 new houses sold in the first quarter of 1997.
Also in the first quarter, 1,434 previously owned homes were
sold. That was a 15.9 percent increase from 1,237 sales in the first
quarter of 1997.
Builders filed for 650 permits in the first quarter, down 9.
percent from 720 permits in the first quarter of 1997.
Permits were also down in the last quarter of 1997, and that was
the first quarterly decline from the previous year since mid-1995.
ED: Dave Munday can be reached at 937-5720 or at DMunday@PostandCourier.Com.
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