(For example in figure 12: below in 1998 Berkeley County sold 1,348 units. If 1,348 = 100% and in 1999 the units increased to 1,686 or 125%. This means that the units had a growth of 25% from 1989 to 1999. In Charleston County 4,805=100% units were sold in 1998 and 4,578 in 1999. This resulted in a decrease to 95% or 5% decline from 1998 to 1999.)
Figure 12: Charleston Tri-County Unit Sales Growth
Charleston County has the most units sales with 51% in 2008 but Berkeley County had the strongest growth in unit sales in the tri-county area over the past 10 years followed by Dorchester and Charleston counties.Figure 13: Charleston Tri-County Sales Volume Growth
Berkeley County led the tri-county volume dollar growth with a high in 2006 of 628% growth from 1998-2006 (6.28 times the 1998 figure). In 2008 Berkeley County lead with an accumulative growth of 349% compared to Dorchester County 221% and Charleston County 188% respectively for 1998-2008.
Figure 14: Charleston Tri-County Average Sales Growth
Charleston and Berkeley had an accumulative average sales dollar growth of 203% from 1998-2008. Dorchester grew 168% during the same period.
Figure 15: Charleston Tri-County Unit Inventory Growth
Charleston County had the largest unit inventory growth at 413%. The Charleston County Inventory grew from 144% to 411% from 2005-2007. Dorchester County had a more gradual unit inventory increase 286%.
Figure 16: Charleston Tri-County Months Inventory Growth
Charleston County had 18.5 months of inventory at the end of 2008 and led the tri-county area with a growth of 448% from 1998-2008.
It is clear from the study that the tri-county area offers a home that will fit any buyer or sellers needs.
