Charleston Area Market Stats through March (and other news)
Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates. Existing home seller and new construction activity continue to remain below levels necessary to bring the market back into balance, pointing to a busy and competitive buyer market in the coming months.
~ Charleston Trident Association of REALTORS® (CTAR)
Market Statistics by Area:
Closed Sales +28.4% | Median Sales Price +17.4% | Months Supply -77.1%
170 Hobcaw Drive, Mount Pleasant
4 bedrooms, 4 full and 1 half bath, 4500 sq ft | Offered for $5,350,000
This stunning home on deep water overlooking the Wando River and Hobcaw Creek offers lowcountry living at its finest! Completely taken back to a shell, Sheppard Construction took this renovation to a whole new level with exquisite details and design. Interior features include wide plank white oak flooring throughout, beautiful chef’s kitchen featuring Calcutta gold marble countertops and a Wolf/Sub Zero appliance package, a large living room and dining room with fireplace and bar area, and a truly stunning wall of large impact glass windows which invites you to enjoy the most beautiful sunsets and water views in Charleston. The exterior of the home is equally impressive with lush, mature landscaping, a newly constructed IPE dock (approx. 75 ft long) with an 11 X 16 foot covered pierhead and copper roof, as well as a boat lift which will hold up to a 20,000 lb boat. The home also features a full house automatic generator, and there is no flood insurance required. For more information, visit http://www.170hobcawdrive.com/.
In the News
Big shoutout to our fearless leader, Randy Walker, featured in the March 2021 issue of Charleston Magazine where local leaders weigh in on Charleston’s unique ability to adjust, adapt, overcome – and in the case of real estate sales, thrive – in the midst of the 2020 pandemic.
Check out the full article on pg. 99 of the March issue, or click the link below to sign up and view the FREE digital issue courtesy of Charleston Coast Vacations!
Did you catch Mount Pleasant Magazine’s latest VOICE for Real Estate podcast featuring our very own Laurie Minges?
On this episode of the VOICE for Real Estate podcast, Laurie talks to Mount Pleasant Magazine host and publisher, Bill Macchio, about her experience in real estate, how the real estate market is right now and how to be ready.
CLICK HERE to watch the full episode!
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