South Carolina Real Estate – Past and Present Collide
With tons of history and modern development, South Carolina is a unique state. South Carolina real estate is also unique because prices are so low.
It would be an understatement to say South Carolina played a major role in the Civil War. Battles raged across the land and the state has done much to preserve the history. While maintaining this history, South Carolina has also looked to the future. The state is the home of top notch resorts, golf courses by the billions and pristine beaches.
Located on the Atlantic Ocean, Charleston is a city with a ton of history. Arguably, the Civil War started in Charleston via Fort Sumter, which is located in the harbor. A major shipping port during those times, the city is now one of the most attractive in the United States. The architectural style is definitely old south, but with a mix of influences. Certain areas of the town feel like New Orleans with garden areas and hanging patios. Other areas have a distinct Caribbean feel and yet others are stereotypical old south manner homes. Charleston is definitely a hot spot if you are considering living the South.
Myrtle Beach is a take it or leave it place. The beaches are beautiful, but the area is severely over-commercialized. The area is family friendly most of the year, but the beach has become a hot spot for college students during spring break. If you don’t mind the ruckus, Myrtle Beach should be considered as a relocation spot because you will not find cheaper beach real estate prices anywhere.
South Carolina Real Estate
Considering the great location, South Carolina real estate is cheap, cheap, and cheap. Single-family homes average under $200,000 throughout the state with the exception of Charleston and the luxury resorts. A home in Charleston will average $300,000 while property in the resort areas varies wildly.
Appreciation rates for South Carolina are neither great nor terrible. For 2005, property has appreciated at an average of eight percent, but varies by location.