Charleston is the largest city located in Charleston and Berkley counties, at the junction of the Ashley and Cooper rivers. It is has a population of 118,492 which makes it one of the most populated cities in South Carolina, next only to Columbia city.

The recent economic meltdown has had an adverse effect on the price of real estate, in Charleston, SC. The prices seem to be fluctuating with the changing fortunes of the stock market; a slight recovery boosts the realty prices but the slightest dip in the stock prices can send prices crashing down in minutes. In these times it is thus very difficult to provide an estimation of a property value that is full—proof. However, statistic reports on realty and market reports can give a generalized value of the present price of property in Charleston, SC.

Statistic reports on real estate Charleston, SC reveal that the average price of homes for sale in Charleston, SC is $ 141 per square foot which is 15.1% less than the average price from October, 2008.The average listing price for properties in Charleston, SC for the week of September 30 was $ 553,426 which is $ 9,719 less than the previous week or 1.7%

The median sales price for homes listed for sale in Charleston, SC between July2009 and September 2009 was $ 197,500 which is a change of $7,500 or 3.7% less than the previous price. This was based on the sale of one thousand and sixty-four homes. The median price for the sale of homes in the week of October 5, 2009 was $283,500 which indicates a change of 0.5% less from the previous month.

The price of real estate in Charleston, SC differs from one neighborhood to the other. For instance the average listing price for homes for sale in the popular neighborhoods in Charleston, SC for the week ending September, 2009 was as follows:

James Island -$ 371,182
West Ashley- $222,947
West Ashley inside Mark Clark- $ 294,607
Harleston Village-$ 738,055 and
South of Broad- $ 931,955