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Over the last decade real estate speculation has been a very big part of the South Carolina real estate market. The largest markets for development are the ocean front counties such as Horry, Georgetown, Charleston, and Beaufort, and to a lesser extent the near ocean counties of Colleton, Dorchester, Berkeley, and Jasper. The year round mild climate draws tourists and vacationers to the coast. Homes for sale on or near the ocean sell for a premium price. Since the fall of the US housing market prices have come down, but the proximity to the beach is still a big selling point. Lake Marion is South Carolina’s largest lake and is a popular vacation spot and tourist destination. The lake was created in the 1940’s by a hydroelectric project.
Average home price is hard to pin down for South Carolina as golf courses and lakes also increase the selling price of properties. You can easily find homes for sale under the $200K point in major metropolitan areas. Near the ocean, a golf resort, or popular lake $200K will get you a smaller condo or townhouse. In the capital city, Columbia, single family homes can easily be found under the $100K mark.
The economy of South Carolina is based on agricultural production, industrial production such as textile, automobiles and machinery and tourism. South Carolina is also home to post secondary institutions with the major players being the University of South Carolina and College of Charleston. South Carolina is bordered to the south and west by Georgia and to the north by North Carolina.
Below are some popular cities in South Carolina which have real estate properties for sale on Snap Up Real Estate. Click on the links to browse homes.
View all available Property for Sale in South Carolina on Snap Up Real Estate.
Information and statistics for South Carolina courtesy of FedStats and Wikipedia.