2008 Market Stats- Condo Sales Inside the Crosstown
We're happy to announce that the condo market inside the Crosstown is healthy. While fewer condos were sold in 2008 versus 2007, reflecting the reality of fewer buyers, the price of the average sale was 25.4 percent higher than the average price last year. These are macro numbers largely dependent on the product sold. 112 condos were sold in 2008 with an average price of $678,572. Days on...
Change is coming
At The Real Estate Studio, the downtown location of Dunes Properties at 214 King Street, we've noticed that even with the chillier weather and sagging economic outlook, people have been coming in to search Charleston area real estate. This marks a noticeable change from recent months when the pronounced slowing of the national market seemed to be permeating our local market as well. Charleston...
Sawyer’s Landing is heating up
Check out the recent Charleston Post & Courier article "Soft Landing" featuring the new development Sawyer's Landing, located off Ben Sawyer Boulevard in Mt. Pleasant with views of the bridge by the same name. The first phase of construction for this high-end village is almost complete, with the first buyers slated to move in by the end of next month. Interest in the highly-anticipated...
Staying on Folly Beach
I love Folly Beach. Even though I live here in Charleston, a few times a year I rent a beach house or condo on Folly to "get away from it all"... but not too far. When I stay out on Folly with friends or family, although I am 15 minutes from my "regular life," I feel a million miles away. It's just a relaxed kind of town. I especially love it during the "off season", a time of year that is...
Our Top Ten Reasons to Visit Charleston This Spring
Now that the holidays are behind us and we have recovered from our reverie, let's take quick look at some of the wonderful things 2009 promises. We know for sure that it is and will continue to be a FANTASTIC time to buy that home in Charleston that you've always dreamed of. So come for a visit! Charleston promises good times, friendly people, and unparalleled natural beauty. Once you spend a...
Dunes Properties is 20 years strong
Friday was the 20th Anniversary of Dunes Properties. There wasn't a big fanfare about it- no party, no "drinks all around!", no commemorative t-shirts. These are tough economic times and everyone, besides being reserved about expenses, are keeping their eyes and minds on the business of selling real estate. Instead, Randy Walker, the president of Dunes Properties, sent a simple email to the...
Downtown Charleston Sales Stats
Real estate sales in Charleston inside the Crosstown are bucking the national trends we hear so much about. Through November, 2008 there were 252 residential sales inside the Crosstown for an average price of $853,037. That compares with 366 closings in the first eleven months of 2007 for an average price of $840,022 according to MLS. So, while sales were down 31% the price of the average sale...
SC ranks sixth in nation for home value appreciation
More good new for SC home owners! South Carolina ranks sixth in the rate of appreciation for single-family homes over the past year, according to third-quarter statistics released Tuesday by the U.S. Federal Housing Finance Agency. Nationally, home values dropped 4% from the third quarter of 2007 to the third quarter of 2008, according to the U.S. Federal Housing Finance Agency. During that time...
Wild Dunes Beaches
The beach at Wild Dunes was completely restored this summer. From 53rd Avenue to Dewees Inlet approximately 900,000 cubic yards of sand were pumped onto the beach during a short 30 day period. Bulldozers shaped the material into a beautiful dry sand beach approximately 200 feet wide in front of Wild Dunes. The speed and efficiency of the work by the contractor, Weeks Marine, under the auspices...
Featured Property – 1547 Clark Sound Circle, James Island
This week's Featured Property is 1547 Clark Sound Circle on beautiful James Island. This 3 bedroom, 2.5 bath home is located in the Bayview Farms community, which offers a pool, tennis and basketball courts, a clubhouse, and sidewalks throughout. This home is perfect for a family and priced to move! The sellers left Charleston for new job opportunities, which means the house is vacant and ready...