King Street Sip + Stroll, sponsored by The Real Estate Studio
It's that time of year again when Charleston is filled with droves of hungry and thirsty revelers that run the gamut from culinary adventurers to true gastronomes. The annual BB&T Charleston Food and Wine Festival got underway on Thursday evening and is going strong at venues all over town. Last night, we were once again the proud sponsors of the King Street Sip + Stroll, an event that...
Housing Affordability, Home Prices, and “the Bottom”
Housing affordability is very high but contrary to the past, it does not translate into higher sales volume or prices. Historically, housing prices had downward pressure when the housing affordability index was low and vice versa, housing prices had upward pressure when the affordability index was high. These days, the affordability index is above 140 which is close to an all time high (see...
New Stimulus Bill Offers Tax Breaks for Real Estate Investments
A new article in the Charleston Regional Business Journal contains information and analysis of the tax breaks offered by the new Stimulus package. Mark Cooter, of the accounting and advisory firm Elliot Davis, offers insight and analysis into some benefits for investors. The new laws are chock full of tax provisions for people interested in making real estate purchases in the current tax year....
Feautured Property- 27 Seagrass Lane, Wild Dunes
27 Seagrass Lane is located on Wild Dunes, just 12 miles north of Charleston, SC. This custom home has over 4000 sq ft, a gourmet kitchen, two living rooms, over 1300 sq ft of decks and porches and is offered totally furnished. The Seagrass neighborhood offers owners a private dock on deep water and a boardwalk to the beach. Wild Dunes offers owners access to two championship golf courses, a...
First-Time HomeBuyer Tax Credit – Feb 2009 Modifications
I originally posted this on my blog, but I wanted to give readers of The Charleston Coast the benefit of this chart as well. For those of you attempting to purchase your first home and for those of us trying to help you with that, here is a breakdown of the modifications to the First-Time Homebuyer Tax Credit plan. If I can help you, your friends or family with this, please give me a call or...
Featured Property with Open House – 212 Little Oak Island Drive, Folly Beach
This week's Featured Property is 212 Little Oak Island Drivelocated on secluded, private Little Oak Island just minutes from Folly Beach. Enjoy the serenity of this island from one of your treetop balconies overlooking the lagoon. This property offers you complete access to all the amenities of a resort with tennis courts, swimming pool and crabbing docks. "The Edge of America" Folly Beach is...
Two Charleston Neighborhoods to be Featured in University Study
Many people come into The Real Estate Studio in downtown Charleston with 3 little words on their minds.... South of Broad. It is the most desired neighborhood on the peninsula. And now a new study at Clemson University may shed some light on why the residents of this quaint, historic area love it so much. South of Broad, along with I'On in Mount Pleasant, will be the focus of a study on the...
Downtown Charleston Rental Program
For 20 years now Dunes Properties has been helping people buy homes on the Charleston Coast, and our Folly Beach vacation rental program has grown exponentially over that time. Over the last year, we have seen an increase in requests for Downtown rentals at The Real Estate Studio. We have been managing vacation properties on the Charleston area beaches for years, but until now had not delved...
Show and Tell
To summarize the 2008 Real Estate market in the Charleston and surrounding areas one could easily say it was "it was not a banner year". 2009 has already showed signs of improvement and activity has been steady at Dunes Properties downtown Real Estate Studio on King Street. Sellers have finally decided to price their home('s) to sell based upon todays market and not 2004-2005 levels. Buyers from...
2008 Market Stats – Single Family Homes in Select Neighborhoods
South of Broad: There were 32 closings in 2008 vs. 63 in 2007. The price of the average sale was up 3% from 2007. Harleston Village: There were 9 closings in 2008 vs. 33 in 2007. The price of the average sale ($1.658 million) was up 81% from 2007. Ansonborough: There were 4 closings in 2008 vs. 9 in 2007. The price of the average sale was up 1% from 2007. The French Quarter: There were 2...