Coldwell Banker Real Estate Home Listing Report Finds Charleston is the Second-Most Expensive Market in South Carolina

CHARLESTON, SC (September 8, 2016) – Charleston has ranked as the second most expensive place to live in the state of South Carolina in the Coldwell Banker Real Estate Home Listing Report (HLR). According to the report, which is the most extensive home price comparison tool in the U.S., the average four-bedroom, two-bathroom home costs $369,031 in Charleston.

Top 5 Most Expensive Markets in South Carolina

1. Mount Pleasant, SC, $429,732

2. Charleston, SC, $369,031

3. Greenville, SC, $307,361

4. North Myrtle Beach, SC, $304,352

5. Murrells Inlet, SC, $296,969

“It’s no surprise that Charleston is a very desirable place to live and the home prices reflect that demand,” said Pauline Bennett, president, Coldwell Banker Residential Brokerage, Carolinas. “The fact that Charleston was ranked as more expensive than Charlotte says a lot about the growing demand for Charleston living.”

In contrast, the 2016 HLR found that you don’t have to move to the middle of nowhere to find an affordable home. Many of the most affordable markets are located in -or within an hour’s drive to- metropolitan areas that offer access to jobs, culture, entertainment or top universities.

Top 10 Most Affordable Markets in South Carolina

1. Anderson, SC, $156,513

2. Lugoff, SC, $177,308

3. Sumter, SC, $177,348

4. Conway, SC, $181,599

5. Lexington, SC, $184,860

6. West Columbia, SC, $185,719

7. Elgin, SC, $186,946

8. Hartsville, SC, $187,946

9. Longs, SC, $188,274

10. Columbia, SC, $192,187

ABOUT THE 2016 COLDWELL BANKER® HOME LISTING REPORT

· The annual report is the most extensive home price comparison tool currently available in the U.S., ranking the average listing price of four-bedroom, two bathroom homes in more than 2,000 markets.

· While other affordability reports provide average or median prices for all homes in a given area, the Coldwell Banker® HLR analyzes more than 50,000 four-bedroom, two-bathroom home listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.

· The national average listing price of a four-bedroom, two-bathroom home is $320,120 which, on average, can buy a sample size home in nearly 1,300 markets across the country.

About the 2016 U.S. Home Listing Report (Methodology):

The Coldwell Banker® U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom real estate properties on coldwellbanker.com between January 2016 and June 2016 for 51,163 listings in 2,168 markets. The Coldwell Banker franchised affiliates, as well as other franchise brands associated with Realogy Holdings Corp, contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings on coldwellbanker.com between January 2016 and June 2016 were excluded from the ranking.

About Coldwell Banker Real Estate LLC

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate brokerage services. Coldwell Banker Real Estate is the oldest national real estate brand and franchisor in the United States, and today has a global network of approximately 3,000 independently owned and operated franchised broker offices in 47 countries and territories with almost 85,000 affiliated sales professionals. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by taking a leadership role in the smart home space, being the first national real estate brand with an iPad app, the first to augment its website www.coldwellbanker.com for smart phones, the first to create an iPhone application with international listings, the first to develop an iPad application (CBx) to easily bring big data into home listing presentations, and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. Coldwell Banker is a leader in niche markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program delivering exceptional experiences for all consumers served.

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