As we move into February, the question remains – will inventory suffice? While many see the housing shortage as a negative, NAR Chief Economist Lawrence Yun sees this as good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” he predicts. Yun and others would also like to see home builders bring more affordable units to market, which I think we can all agree with, especially in the Charleston market.
Closed Sales +20.6% | Median Sales Price +8.1% | Months Supply -25%
Market Statistics by Area:
Featured Listing
WOW does this property have it all! This stunning waterfront home on the Isle of Palms boasts 5 bedrooms and 4.5 baths, gorgeous elevated pool, and a 50′ private dock that includes power, water, a fish cleaning station and two drive on jet ski docks…plus, all of the privacy and amenities of Wild Dunes! For more information, visit: bit.ly/46WaterwayIsland
In the News
New Vacation Rental!
There’s still time to book your summer vacay. You could even stay at our newest vacation rental, “BodSEA” on the Isle of Palms! Check out our newest rentals, search by location and book direct at CharlestonCoastVacations.com.
Upcoming Events
Lights of Magnolia | November 15 – March 15
Join us for “Lights of Magnolia: Reflections of a Cultural Exchange.” The lantern festival will feature custom-designed installations of large-scale lanterns, a fusion of historic Chinese cultural symbols, and images that represent the flora and fauna of Magnolia Plantation. or more info, CLICK HERE.
Charleston Wine + Food Festival | March 4 – 8
Join us for the 15th installment of the Charleston Wine + Food festival as we celebrate the city’s local food culture. Join us in Marion Square, various locations downtown and around Charleston for exclusive dinners, wine tastings, workshops, excursions, and seminars. For more info, CLICK HERE.
Festival of Houses & Gardens | March 11 – April 18
Step inside the private houses and gardens of some of the city’s most stunning properties, learn about Charleston’s distinctive architecture and history and celebrate our unique culture at luncheons, musical concerts and other Lowcountry lifestyle events. For more info, CLICK HERE.