In the Greater Charleston-Trident area last year, we experienced an increase in the median price of a home while many other markets experienced a decrease. The market continues to adjust and of course is currently very favorable to buyers. Legend Oaks is a great area in Summerville with a fantastic school district and great amenities - golf, tennis, swimming, etc. The neighborhood also features homes in a variety of sizes and styles built from the mid 1990's to new construction as recent as 2006.
In 2007, 181 home were sold in Legend Oaks at an average price of $284,786; compared to 2006 when 254 homes were sold in Legend Oaks at an average price of $279, 414.
Thus the prices have not seen an average decrease. Instead, we are seeing sellers price their homes more reasonably and buyers buy homes at prices that are an appropriate reflection of their true market value.
Please visit my website below for more information about my business and to search all homes available in Summerville. We offer ABR accredited buyer services/representation and would love to help you get in a new home in Legend Oaks at a price that will meet your financial needs.
The Charleston Real Team