A recent housing report shows the region's pricier listings are selling at a faster pace than in 2013.
The Charleston Trident Association of Realtors' midyear update released earlier this month shows that detached homes and condominiums in the $350,000-and-above range had the largest change from between when the property was listed and the eventual sale.
The association said all homes in that price bracket sold in an average of 100 days as of the end of June. That's 29 fewer days, or a 22.8 percent decrease, compared to June 2013.
For all properties, it took an average of 75 days between the listing and sale dates. That's 11 fewer days or a 13 percent decrease, compared to June 2013.
Real estate experts have said buyers of high-priced properties are returning to the local market as their personal finances improve.
Off the market, for now
Speaking of costlier real estate, the $22 million sale of a 7-acre undeveloped piece of oceanfront property on Kiawah Island may have some seeking an update on the $19 million penthouse that was listed for sale in the Peoples Building in downtown Charleston.
That 7,516-square-foot, two-story condominium has been temporarily taken off the market for renovations, according to Deborah C. Fisher, owner and broker-in-charge of Handsome Properties, the listing firm.
The high-rise Broad Street residence has three bedrooms, three and a half baths, 3,500 square feet of terrace and panoramic views of the peninsula and Charleston Harbor.
Reach Tyrone Richardson at 937-5550.
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