About dunes properties of Charleston

dunes properties of Charleston is a real estate, vacation rental and property management company representing the Lowcountry with almost 80 exclusive Charleston beach vacation rental properties, 70 real estate agents and employees, four full-service offices. Nobody knows the Charleston Coast better.

Isle of Palms Office

1400 Palm Boulevard
Isle of Palms, SC 29451
843.886.5600

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Folly Beach Office

31 Center Street
Folly Beach, SC 29439
843.588.3800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


The Real Estate Studio

214 King Street
Charleston, SC 29401
843.722.5618

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Kiawah Seabrook Office

1887 Andell Bluff Boulevard
Johns Island, SC 29455
843.768.9800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


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Tag: charleston real estate

Charleston Market Statistics Through August 2017

Market Statistics

How long can the residential real estate market go on like this? We are about two years into a national trend of dropping housing supply and increasing median sales prices. There are some regional variations to the story, but the shift to a predominantly seller’s market is mostly complete. Multiple-offer situations over asking price are commonplace in many communities, and good homes are routinely off the market after a single day. It is evident that a favorable economy keeps hungry buyers in the chase.

Market Statistics by Area

Charleston Market Statistics Through July 2017

Market Statistics for blog (3)There has been a general slowdown in sales across the country, and this cannot be blamed on negative economic news. Unemployment remains low and wage growth, though nothing to overly celebrate, has held steady or increased for several years in a row. There is strong demand for home buying, emphasized by higher prices and multiple offers on homes for sale in many submarkets. As has been the case for month after month – and now year after year – low inventory is the primary culprit for any sales malaise rather than lack of offers.
With job creation increasing and mortgage rates remaining low, the pull toward homeownership is expected to continue.  Overall, new listings in the area were up 9.8% and the median sales price increased 4% to $260,000.

Market Statistics by Area

Charleston Market Statistics through March 2017

Charleston Market Statistics through February2017

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

Daniel Island  |  Downtown Charleston  |  Folly Beach

Greater North Charleston  |  Kiawah Island  |  Johns Island

James Island  |  Isle of Palms/Wild Dunes  |  Lower Mount Pleasant

West Ashley  |  Upper Mount Pleasant  |  Upper Charleston Peninsula

Sullivans Island   |  Seabrook Island

Charleston Market Statistics Through February 2017

Market Stats blog image
The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand definitely remained strong this month.
Closed Sales + 14.9% |  Med. Sales Price + 1.8% | Months Supply – 27.9%

Charleston Market Statistics through January 2017

Charleston Market Statisticss thru  Jan 2017
Charleston Market Statistics Show January Home Sales Exceed 1k For The First Time in A Decade!  
January brings out a rejuvenated crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the year due to ongoing inventory concerns. Continued declines in the number of homes available for sale may push out potential buyers who simply cannot compete for homes selling at higher price points in a low number of days, especially if mortgage rates continue to increase.
Wages are on the uptick for many Americans, while unemployment rates have remained stable and relatively unchanged for several months. The system is ripe for more home purchasing if there are more homes available to sell.
Closed Sales + 5.9% |  Median Sales Price + 9.9% | Months Supply – 27.9%

Charleston Market Statistics Through October 2016

Charleston real estate market stats thru October 2016As 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

Charleston Market Statistics Through September 2016

charleston-area-market-statisticsAs 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

Affordable Neighborhoods in Downtown Charleston

One of the most affordable neighborhoods in Downtown Charleston, North Central is bounded on the north by Mount Pleasant Street, the south by Huger Street and Rutledge and King on the east and west.  Most of the homes in this neighborhood were built in the 30s, 40s and 50s and are mainly of bungalow style.  Popular with young professionals given its proximity to Upper King Street and the hip area of Morrison Drive as well as Hampton Park, North Central is also a well established and diverse Downtown neighborhood.  Close to many hip new restaurants and entertainment, be sure to check out Rutledge Cab Company.
 
 
Recent Listings in North Central:
Affordable neighborhoods in Downtown Charleston87 Magnolia Ave -Home went under contract in less than 1 week!
This darling 1930s bungalow is located on a beautiful tree lined street just blocks from tons of great restaurants. With a welcoming front porch, and a huge fenced in back yard, it’s definitely dog and people friendly! Inside you’ll find incredible historic details intact – archways, bead-board, picture rail, original doors and door knobs, and beautiful hardwood floors throughout. The backyard includes a one-car garage which is currently set up to best house bicycles, yard equipment and all your extra stuff. Best of all, this home is located in the coveted X flood zone, so flood insurance is not required (though of course always recommended).  Contact Kristin Walker, REALTOR for more details.

Nestled in between Charleston’s historic Station 8 firehouse and James Simmons Elementary, this 1920’s home keeps its original charm while hosting a new, functional, open and airy floor plan. Completely renovated this year, down to the studs with a new roof, hardie plank siding, plumbing, electrical, HVAC and duct work, spray foam insulation, foundation, windows (with one original in hallway), flooring, doors, hardware, and a back deck for entertaining. The kitchen features large, granite island and countertops, farmhouse sink, and is open to the living space. Each bedroom has their own full bath. There is off street parking for one car. The large back lot allows room for a future master suite expansion or for a storage building.  Contact Emily Gildea, REALTOR for more details.

This spacious 3 bedroom, 2 bath cottage with gated off street parking features a good size master suite with French doors that opens up to expansive back deck. The master bath has a large custom tiled shower. The HVAC was replaced in 2014. Contact Jennifer Jensen, REALTOR for more details.
                                                                                                                                Are you interested in being apart of the North Central neighborhood?  A place where you can walk to Hampton Park, enjoy the newest restaurants, ride your bike to the Farmer’s Market in Marion Square and Second Sunday on King, or grab a drink at any of the downtown breweries.  Stop by the Real Estate Studio to learn more about properties in this hot new neighborhood!

 

Market Statistics through August, 2016

Charleston, SC Real Estate Market Stats

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

Market Statistics Through July 2016

Charleston Area Real Estate News July 2016According 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

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