Category: Seabrook Island
We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began. Aside from new national leadership in Washington, DC, and the policy shifts that can occur during such transitions, there was also the matter of continuous low housing supply, steadily rising mortgage rates and ever-increasing home prices. Nevertheless, sales have held their own in year-over-year comparisons and should improve during the busiest months of the real estate sales cycle.
The U.S. economy has improved for several quarters in a row, which has helped wage growth and retail consumption increase in year-over-year comparisons. Couple that with an unemployment rate that has been holding steady or dropping both nationally and in many localities, and consumer confidence is on the rise. As the economy improves, home sales tend to go up. It isn’t much more complex than that right now. Rising mortgage rates could slow growth eventually, but rate increases should be thought of as little more than a byproduct of a stronger economy and stronger demand.
Charleston Market Statistics through February2017
Charleston, South Carolina is one of the hottest vacation destinations in the country right now. It offers a rich background of American history, world-class dining, and unmatched beauty. While it is tempting to plan a vacation just in the historic downtown, you’re really missing out on a big part of Charleston’s culture if you skip the beach.
You can’t beat restorative time on the beach. Bring a kite or a Frisbee to toss around while you soak up the South Carolina sun. Enjoy the sweet briny waters and the distinct charms of all of the local beaches to really take in the coastal cultures surrounding Charleston and connect to the unique personality of every beach retreat. (more…)
As we evaluate the final quarter of 2016 (so far), not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline, and there is little to indicate that the low inventory situation will resolve anytime soon.
Market Stats through October 2016
As anticipated at the outset of the year, demand has remained high through the first three quarters of 2016, propping up sales and prices despite heavy reductions in inventory and months of supply across the country. With rental prices and employment opportunities in a consistent climb, year-over-year increases in home buying are probable for the rest of the year but not guaranteed.
Market Stats through September 2016
Charleston-area home sales increased in August after dipping for the first time in five years in July. Conventional wisdom indicates that year-over-year declines may be present for the remainder of the year, given the low inventory situation in most markets. Demand is certainly present and has created competitive situations that have kept prices up. Rental prices are also up, which may lure more toward home ownership.
Market Stats through August 2016
According to preliminary data released by the Charleston Trident Association of Realtors®, there has been a 2.8% decrease in sales volume and 1.5% growth in median price, comparing last July to this July. Inventory has declined by 22% over the last 12-month period, with 5,335 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of July 31.
“The sales dip can be attributed to several factors. The current lack of inventory is certainly a major reason. Over the last 3 years, sales have peaked in June and this year is no exception,” said 2016 CTAR President Michael Sally. “The year-to-date numbers are strong, and a sign of steady growth. We should see similar, sustainable numbers over the next few months.”
Market Stats through July 2016
No matter the time of year or where you are, you can’t go wrong with a Lowcountry sunset. And there are plenty of key spots, from the resort town of Kiawah all the way up the coast to secluded Dewees Island, to maximize your evening enjoyment. We’re just going to mention a few here, but you can count on us to post some additional spots throughout the year. Here are some of our favorite places for sunset views on the Charleston Coast.
One of the best and (most delicious) places to enjoy a Kiawah Island sunset is at the Ryder Cup Bar at the Ocean Course. You can grab a drink, sit on the porch, and watch the majesty unfold. In the summers, they host the appropriately named Sunset Raw Bar on the veranda, where you can enjoy fresh seafood with an ocean view. As the sun sets, you’ll hear live jazz blend with the sounds of the sea.
With three miles of pristine beaches on Seabrook Island, you have plenty of perfect places to catch a beautiful sunset. One of our favorite spots is Pelican Beach, which, fittingly enough, is also nicknamed Sunset Beach. Pelican Beach is where the Edisto River meets the Atlantic Ocean, and its gentle current offers little to no waves and still waters. If you’re partial to a sunrise, head to Seabrook’s North Beach, the widest beach in South Carolina, where the early morning views are spectacular.
If you’ve ever been to Folly Beach around sunset, you know there are more than a few places with views that can only be described as life-changing. The vistas from Bowen’s Island Restaurant, which is 2.6 miles from Folly Beach, will make you want to settle down forever in this pocket of the Lowcountry. Similarly, the views from Crosby’s Fish and Shrimp, which you’ll see on the right just before crossing over the bridge to Folly, redefine ‘the good life.’ With the surrounding marsh, shrimp boats, and dolphins, your worries are bound to melt away during a summertime sunset.
The sun sets on the Ashley River side of the peninsula, so for fantastic views, take a picnic to Brittlebank Park, which is located on Lockwood Drive near the Riverdogs stadium and is right on the river. Or you could head across the Ashley River bridge to the round Holiday Inn on Savannah Highway and take the elevator to the top. There you’ll find a cocktail bar with glass walls that allow for breathtaking views of Charleston sunsets. Another tip: Should you be close-by during a thunderstorm, there is no better place to watch a lightning show than from this viewpoint.
There are so many wonderful spots to watch the sun go down in Mount Pleasant. Shem Creek, Patriot’s Point, Alhambra Hall, the Pitt Street Bridge, and the list goes on. But we couldn’t feature the sun’s descent over Charleston without the obligatory Ravenel Bridge shot. Seeing the sun set from any vantage point East of the Cooper is special, but when you can see it go down from atop our beautiful Cooper River bridge, it’s going to be a good night.
For a memorable Sullivans Island sunset, make your way toward the lighthouse (park at Station 19). At low tide, you’ll find one of the widest, smoothest, most relaxing beaches in South Carolina. As the sun sets, you can spot the Ravenel Bridge in the distance. Between the expansive shore and the sea, you’ll often find calming, shallow pools perfect for an evening walk and wade.
Isle of Palms
Not only is Isle of Palms’ Boathouse at Breach Inlet Restaurant well-known for great food and delicious drinks, but it’s also the place to be for a sunset on the island. Directly across from the launch site of America’s first submarine, the HL Hunley, the Boathouse at Breach Inlet provides a perfect spot for sipping a cocktail and enjoying a fabulous evening view with friends.
If you ever make the trek to Dewees Island, and we suggest you do, you’ll want to make sure you stay late enough to catch the sunset. Or better yet, check out Dewees Rentals for an extended visit to this wild, rugged wonderland. Dewees is a nature-lover’s paradise with no restaurants or stores, no cars or stoplights. The sunset from the Ferry dock is amazing, but The Lone Cedar Dock also offers a perfect vantage point to enjoy the last rays of daylight.
We’ll keep adding to this list, but in the meantime… where will you catch your next Lowcountry sunset?
With an interest rate increase still in the cards this year, combined with the American political landscape and global economic events, a cooldown could occur by winter. Presently, however, summery growth prevails as many locales are reaching near-record prices not seen in more than a decade.- According to Charleston Trident Association of Realtors