Charleston Area Market Stats through December (and other news)
What a strange year! It was certainly weird for all of us at dunes properties and I’m sure you and yours also! So many vacation reservations had to be canceled or rescheduled while our Charleston islands were closed to the public this past spring. Our agents, already set up with home offices, were joined by our employees, who like so many in the country successfully adapted to working from home. We continue to do so, alternating days to limit our office personnel numbers.
On the bright side, I am simply amazed by our 2020 real estate record year, having closed over $415 Million in sales; a 31 year company record and over 30% above our previous best year, 2017 at $320 Million. In fact, of the over 6,000 Charleston area REALTORS®, FIVE of our dunes agents landed in the top 50.
Demand (mostly from big cities) is off the charts, and with home inventory at record lows, I expect pickings to be slim this year. So, with 30 year fixed mortgage rates STILL BELOW 4%, we encourage you to come get your piece of paradise! We do hope you and your family managed through this past year all healthy as ever, and we look forward to seeing you on the Charleston Coast soon!
~ Randy Walker, dunes properties President
Market Statistics by Area:
Closed Sales +31.1% | Median Sales Price +14.4% | Months Supply -62.9%
- Downtown Charleston
- Upper Charleston Peninsula
- Upper Mount Pleasant
- Lower Mount Pleasant
- Daniel Island
- Folly Beach
- Isle of Palms/Wild Dunes
- Sullivan’s Island
- Kiawah Island
- Seabrook Island
- James Island
- West Ashley
- Johns Island
- North Charleston
- Goose Creek
2740 Seabrook Island Road, Seabrook Island
5 beds, 5 baths, 3400 sq ft | Offered for $1,625,000
Set amongst glorious live oaks and overlooking Crooked Oaks golf course, this magnificent home exudes southern charm, offers curb appeal galore, and is an easy stroll to the beach and club amenities. With 5 beds, 5 baths plus study/office and a year-round outdoor kitchen/porch/sunroom, this home would be a welcome gathering place for multi-generations of a family, but is also warm and inviting for more intimate living. The stunning Brazilian Koa flooring throughout sets the scene for this special property, and the custom oyster shell linear gas fireplace is exceptional. Amenities include two separate Russound systems, a three stop elevator, an infrared sauna, and electric car charging outlet. For more information, visit bit.ly/2740SeabrookIslandRd.
In The News
Charleston County announced that new maps guiding flood insurance requirements and costs will go into effect on January 29, 2021. Click Here to watch a helpful video or view a list of frequently asked questions.
A study by United Van Lines determined that South Carolina was the second most sought after state to move to in 2020. Overall, 55% of the country’s inbound moves were to the Southern region, with the Carolinas, Alabama, Arkansas, Florida and Tennessee topping the list. Click Here to read the full article.
Charleston Coast Vacations
Our 2021 vacation brochures started hitting mailboxes earlier this month! If you’ve stayed with us the last few years, look out for your hard copy soon. If you want to make sure you receive a copy, email firstname.lastname@example.org to request one. See something you like? Search and book online at our website: www.