Lexington SC Realtor’s Blog

January 28, 2009

Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable

Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable

In the most recent Sunday edition of The State newspaper (January 25, 2009, section F) there was a huge article about the state of the housing market in Columbia, SC. The greater Columbia, SC area is made up of 5 general areas: Irmo, NE Richland, Lexington, Downtown, and Southeast. The strongest area of town was the downtown area where sales dropped 17% from 2007 but sales prices actually rose 5%. In Lexington sales were down about 26% from 2007 and prices remained somewhat stable dropping only 1%. The general consensus of most areas in the area is that while sales have slowed, which is no big surprise, values have remained stable, which has always been a hallmark of the region. Interest rates are great and there are some great deals out there right now.

LEXINGTON SC HOME SALES STATISTICS

Sales in the 29072 zip code for Lexington have obviously picked up ! The market activity is getting much better and with the current interest rate environment, now is a great time to buy. For sellers this is very encouraging news as the market appears to picking up.

1-16-09 through 1-22-09

 

Median Price

Homes Listed

% Change

Homes Sold

% Change

Days on market

Lexington SC Weekly Real Estate Statistics

$149,250

55

up 27%

15

down 6%

126

Irmo Weekly Real Estate Statistics

$137,347

32

down 51%

8

126

Lake Murray Weekly Real Estate Statistics

$444,000

6

up 8%

2

125

Columbia Weekly Real Estate Statistics

$146,442

56

down 30%

8

down 34%

69

Chapin Weekly Real Estate Statistics

$154,995

10

1

93

Northeast Columbia Weekly Real Estate Statistics

$155,950

57

down 30%

19

up 5%

105

 

Lexington SC Entry Level Homes for Sale
Lexington SC Entry Level Homes [less than $125K]

Lexington SC Median Homes for Sale
Lexington SC Median Homes [$125K ~ $300K]

Lexington SC Upscale Homes for Sale
Lexington SC Upscale Homes [$300k ~ $600K]

Lexington SC Luxury Homes for Sale
Lexington SC Luxury Homes [over $600K]
Lexington SC Lots and Land for Sale
Lexington SC Lots and Land for Sale
Columbia Real Estate for Sale
Columbia Real Estate
for Sale

Web Link: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
Local Blog: Lexington Market Shows Significant Drop in Sales, But Value Remains Stable
Zolve Blog: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
Broker Agent Social: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
Trulia Blog: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
Wanna Network: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
Activerain Blog: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
  
 

Exit Real Estate Consultants - Lexington SC Real Estate Lexington SC Real Estate, Columbia SC
Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers – put us to work for you; our service will impress you!

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