January 11th, 2011 9:02 PM by Jodie Ford
Charleston AirForceBase families are asking: How do we get the wealthiest people in the country to advise us on the real estate market? It’s actually rather easy……. Just look at what they are doing and do the same.
Right now the wealthiest people are investing in real estate – so shouldn’t this include military families thinking about buying in Charleston?
It was recently reported that sales of condos over $4 million have skyrocketed. Crain’s NY Business explains:
Nine apartments asking more than $4 million went into contract last week, according to brokerage Olshan Realty. The firm tracks the high-end residential market and began releasing its data to the public last month. By comparison, during last year’s Christmas week, no apartments over $4 million went into contract …
In fact, the number of luxury apartments that went into contract so far this month, 52, rose 62.5% from the same period a year ago. UrbanDigs, an analytics and consulting firm that tracks Manhattan housing activity in real-time, confirmed the strong contract signing activity for luxury apartments last week. It defines the luxury market as including properties listed at more than $5 million and found that there were 83 such contract signings this month, up 10 from a month ago.
Bottom LineIf we want to make great financial decisions, we must look at what the most affluent are doing and do the same. The wealthiest are buying real estate. So shouldn’t Charleston Military families do the same?
**Information provided by the KCM Crew via www.KCMblog.com**
Torri Jacobsen, Military Homes of Charleston – Charleston Air Force Base/Joint Base Charleston, SC Real Estate For Sale
Buying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston, SC area. Call or email today, and let’s make this your best move yet! You’ll feel right at home with me.
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