About dunes properties of Charleston

dunes properties of Charleston is a real estate, vacation rental and property management company representing the Lowcountry with almost 80 exclusive Charleston beach vacation rental properties, 70 real estate agents and employees, four full-service offices. Nobody knows the Charleston Coast better.

Isle of Palms Office

1400 Palm Boulevard
Isle of Palms, SC 29451
843.886.5600

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Folly Beach Office

31 Center Street
Folly Beach, SC 29439
843.588.3800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


The Real Estate Studio

214 King Street
Charleston, SC 29401
843.722.5618

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Kiawah Seabrook Office

1887 Andell Bluff Boulevard
Johns Island, SC 29455
843.768.9800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


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Category: Johns Island

Charleston Area Market Stats Through April 2019

Spring has SPRUNG and eager buyers are out in full force this season. With beautiful weather and new listings up 4.2%, it’s no wonder competition is fierce for well-priced homes in the Charleston area. Although inventory is still a factor, sellers are poised to make quite a profit in the coming months. With the the national unemployment rate dropping to 3.6% during April 2019 (the lowest level since 1969) we anticipate a positive affect on the real estate market.

Closed Sales -2.6% | Median Sales Price 0.0% | Months Supply 0.0%

Market Statistics by Area

Charleston Area Market Stats Through March 2019

Despite mixed weather patterns across much of the U.S. in the first quarter, prices in the Charleston,SC market moved higher as the Median Sales Price was up 5.8 percent. Many home buyers and sellers are sighing in relief as the Federal Reserve announced there will be no further interest rate hikes planned for 2019. This is great news for the area and we anticipate increasing numbers reflected not only in home sales, but in terms of mortgage rates as well, which typically follow suit.

Closed Sales -9.1% | Median Sales Price + 5.8% | Months Supply -2.6%

Market Statistics by Area

Charleston Area Market Stats Through February 2019

Despite early predictions of a housing market slump, February numbers indicate a resilient market, even with inclement weather in other parts of the country deterring some buyers. While it is too early to predict how the rest of the year will pan out, we do anticipate an active market as the weather gets better and more buyers flock to the city to find their forever homes.

Closed Sales +9.4% |  Median Sales Price + 2.9% | Months Supply -5.4%

Market Statistics by Area

Charleston Area Market Stats Through January 2019

January brought out a new crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the year due to ongoing inventory concerns. Despite home affordability continuing to be an issue, early signs suggest the market is beginning to improve, with more homes coming on the market just in time for the summer months.

Closed Sales -16% |  Median Sales Price + 2.7% | Months Supply 0%

Market Statistics by Area

2018 Real Estate Market Stats

Charleston Real Estate Market Stats

The facts of residential real estate have remained consistent in 2018. In year-over year comparisons, inventory is lower in most locales, and yet homes sales continue to rise. Although the Federal Reserve’s latest rate hike deterred some buyers at the end of 2018, 2019 looks a little more promising with the Fed Reserve indicating half the amount of hikes, thus in theory creating a more balanced market. With unemployment rates low and wages starting to increase, we are hopeful inventory will increase, although, the biggest concern continues to be affordability.

2017 vs. 2018 Quick Stats:  Closed Sales -4.8% |  Median Sales Price +5.1% | Days On Market -6.8%

Market Statistics by Area

Charleston Market Statistics through April 2017

Charleston Market Statistics through April 2017

The employment landscape and wages have both improved over the last few years, allowing for more people to participate in the home-buying process. When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a home. Houses that show well and are priced correctly have been selling quickly, often at higher prices than asking. New listings were down 2.6% and inventory shrank 16.8% while median sales price was up 3.1%.

 Although there is a mounting amount of buyer competition during the annual spring market cycle, buyer demand has not abated, nor is it expected to in the immediate future unless something unpredictable occurs. While strong demand is generally considered a good problem to have, it creates an affordability issue for some buyers, especially first-time buyers. And yet, prices will continue to rise amidst strong demand.

Charleston Market Statistics through April 2017

Charleston Market Statistics through March 2017

Charleston Market Statistics through February2017

We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began. Aside from new national leadership in Washington, DC, and the policy shifts that can occur during such transitions, there was also the matter of continuous low housing supply, steadily rising mortgage rates and ever-increasing home prices. Nevertheless, sales have held their own in year-over-year comparisons and should improve during the busiest months of the real estate sales cycle.

The U.S. economy has improved for several quarters in a row, which has helped wage growth and retail consumption increase in year-over-year comparisons. Couple that with an unemployment rate that has been holding steady or dropping both nationally and in many localities, and consumer confidence is on the rise. As the economy improves, home sales tend to go up. It isn’t much more complex than that right now. Rising mortgage rates could slow growth eventually, but rate increases should be thought of as little more than a byproduct of a stronger economy and stronger demand.

Charleston Market Statistics through February2017

Daniel Island  |  Downtown Charleston  |  Folly Beach

Greater North Charleston  |  Kiawah Island  |  Johns Island

James Island  |  Isle of Palms/Wild Dunes  |  Lower Mount Pleasant

West Ashley  |  Upper Mount Pleasant  |  Upper Charleston Peninsula

Sullivans Island   |  Seabrook Island

Charleston Market Statistics Through February 2017

Market Stats blog image
The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand definitely remained strong this month.
Closed Sales + 14.9% |  Med. Sales Price + 1.8% | Months Supply – 27.9%

Charleston Market Statistics through January 2017

Charleston Market Statisticss thru  Jan 2017
Charleston Market Statistics Show January Home Sales Exceed 1k For The First Time in A Decade!  
January brings out a rejuvenated crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the year due to ongoing inventory concerns. Continued declines in the number of homes available for sale may push out potential buyers who simply cannot compete for homes selling at higher price points in a low number of days, especially if mortgage rates continue to increase.
Wages are on the uptick for many Americans, while unemployment rates have remained stable and relatively unchanged for several months. The system is ripe for more home purchasing if there are more homes available to sell.
Closed Sales + 5.9% |  Median Sales Price + 9.9% | Months Supply – 27.9%

Charleston Market Statistics Through October 2016

Charleston real estate market stats thru October 2016As we evaluate the final quarter of 2016 (so far), not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline, and there is little to indicate that the low inventory situation will resolve anytime soon.

Market Stats through October 2016

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