Category: Market Statistics

“October continued to be busier than the calendar normally suggests. Buyer activity remains higher than normal for this time of year, while in many segments of the market housing supply remains much lower than one year ago. Multiple offers remain a common occurrence in many areas, keeping housing hot while the temperatures continue to fall.”

~ Charleston Trident Association of Realtors® (CTAR)

Market Statistics by Area:

Closed Sales +54.5% | Median Sales Price +16.3% |  Months Supply -55.0%

• 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
• Summerville
• Goose Creek

Featured Listing

31 Smith Street, No. 204, Harleston Village
3 bedrooms, 3.5 baths | 1,758 sq ft | Offered at $1,850,000
Historic Charleston’s new distinctive address, Harleston Gates, is now welcoming its new owners. There is just one opportunity left to become a part of this compelling boutique building. The North Flat offers ten foot ceilings, a gracious open floor plan, a spacious master suite, and opulent appointments. With views to Wentworth Mansion and french doors to a balcony set amidst the trees, this Flat is one-of-a kind. For more information, visit www.HarlestonGates.com.

Charleston Coast Vacations

CONGRATULATIONS TO THE LUCKY WINNER!
Thank you to all our past guests who submitted stories and photos to our Charleston Coast Vacations Experiences Vacation Giveaway! It was very hard to choose a winner…but we did. BIG CONGRATS to our past guest Robert M. on his winning story and photo. The image and Robert’s story made for a winning combination.🖤
www.CharlestonCoastVacations.com

“Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.”

~ Charleston Trident Association of Realtors® (CTAR)

Market Statistics by Area:

Closed Sales +46.3% | Median Sales Price +8.8% |  Months Supply -56.1%

• 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
• Summerville
• Goose Creek

Featured Listing

2208 Palm Boulevard, Isle of Palms
6 bedrooms, 6.5 baths | 6,182 sq ft | Offered at $6,500,000
Designed by architect Steven Herlong with interiors by Amy Trowman Design, this 1.3 acre oceanfront estate is the epitome of luxury. Nestled in the heart of Isle of Palms, the estate boasts captivating ocean views, circular porches, a 7 car garage, gorgeous infinity pool, gazebo, and a 500-foot Ipe boardwalk as you walk comfortably to the ocean. The interior is equally impressive with a 16 ft barrel ceiling in the great room, black walnut floors, mahogany ceilings, stunning chef’s kitchen and more. For more information on this one of a kind home, visit www.2208palmblvd.com.

Charleston Coast Vacations

We 💗💗💗 it when our guests have a great experience on Charleston’s beaches! We know some of your most cherished memories are made during your vacation time with us. Nothing makes us happier than seeing smiling faces and hearing about your stories. Whether you’ve been visiting us for years or you just got back from your first trip, we’d love to hear all about it! Submit your story at bit.ly/CCVcontest and we’ll feature it in our special blog series, on our Facebook Page, and you’ll be entered into our next Vacation Giveaway! 🏖️

“The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market.”

~ Charleston Trident Association of Realtors® (CTAR)

Market Statistics by Area:

Closed Sales +11.6% | Median Sales Price +10.7% |  Months Supply -52.4%

• 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
• Summerville
• Goose Creek

Featured Listing

175 E Shipyard Road, I’On
4 bedrooms, 3.5 baths | 3,417 sq ft | Offered at $1,759,000
This is a rare opportunity to move into a completely renovated home on one of the most beautiful lots in I’On! Originally built by Phillip Smith, this beautiful lakefront home has been renovated from top to bottom with no detail spared. The home’s entire interior, porches and trim have been repainted, floors have been stripped and redone, door heights raised to 8 feet, wallpaper, new baths, closets, enhanced, outdoor shower, and more! For more information, visit: bit.ly/175EShipyard

Charleston Coast Vacations

🌴 There’s still time to book a last minute getaway to the Charleston Coast! 🌴
Check out our remaining specials through September and October for a chance to SAVE BIG! 💰 To book or learn more, visit bit.ly/CharlestonCoastSpecials.

“While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.”

~ Charleston Trident Association of Realtors® (CTAR)

Market Statistics by Area:

Closed Sales +5.7% | Median Sales Price -0.6% |  Months Supply -41.9%

• 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
• Summerville
• Goose Creek

Featured Listing

9 Colonial Street, Historic Charleston
4 bedrooms, 3.5 baths  |  3,150 sq ft  |  Offered at $1,449,000
This charming 100 year old South of Broad home has been meticulously maintained featuring a gracious floor plan with tall ceilings and original moldings, fully remodeled kitchen, extensive third floor renovation and expansion, and cozy courtyard perfect for entertaining.⁠ For more information, visit: bit.ly/9ColonialStreet

In the News

Charleston Coast Vacations

Labor Day Weekend is less than two months away, and it’s the perfect excuse for a getaway! Treat yourself to the relaxation you deserve in a beautiful home or villa on the Charleston Coast. 😎☀️ Visit our website for more info:
www.CharlestonCoastVacations.com
We can’t wait to see you on the Charleston Coast!⁠

“While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.”
~ Charleston Trident Association of Realtors® (CTAR)

Market Statistics by Area:

Closed Sales -21.9% | Median Sales Price +1.2% |  Months Supply -32.6%

• 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
• Summerville
• Goose Creek

Featured Listings

2307 Atlantic Avenue, Sullivan’s Island
5 bedrooms, 6.5 baths | 5,081 sq ft | Offered at $8,500,000
Ocean View: A Sullivan’s Island Beach House
This prime front beach home, an intriguing marriage of Lowcountry elegance and British Colonial tradition, is one of the most beautiful on Sullivan’s Island. Custom designed by acclaimed architect Beau Clowney and constructed by master builders Daly & Sawyer, this residence is spacious, yet intimate, with ocean views from nearly every room. For more information, visit: www.2307AtlanticAvenue.com.

2411 Atlantic Avenue, Sullivan’s Island
5 bedrooms, 4.5 baths | 4,600 sq ft | Offered at $7,500,000
This fabulous oceanfront home on Sullivan’s Island offers waterfront living at its finest. Designed and renovated by a dream team of talent, Dufford Young Architects, Sheppard Construction, and Wertimer + Cline Landscape Architects, the house centers on clean forms and classic elements. Living and dining spaces drink in the Atlantic Ocean views, opening out onto an oversized deck and covered porch. For more information, visit: www.2411AtlanticAvenue.com

Charleston Coast Vacations

We’re so happy to have our beautiful sandy spaces back!! 🌊☀️🌴⁠
If you’re dreaming of a fun-filled summer or fall vacation, check out our website www.CharlestonCoastVacations.com.
We can’t wait to see you on the Charleston Coast!⁠

Residential Real Estate Sales Down Just 10% During Peak Of COVID-19 Crisis

“The demand for housing in the Charleston region was so strong prior to COVID-19 spreading in our community, we have been very lucky to experience a minimal and what we expect to be very temporary drop in sales during April. Buyer interest has remained high throughout this global crisis and Realtors® have been able to continue safely working with clients from a largely virtual position, serving the public and finding shelter for families in a time when it’s never been more important to have a safe place to call home.”  ~ 2020 CTAR President Bobette Fisher

Closed Sales -10.4% | Median Sales Price +7.1% |  Months Supply -27.9%

Market Statistics by Area

• 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
• Summerville
• Goose Creek

Featured Listing

The Boardwalk House is a rare opportunity to own a private, gated 1.23 acre estate on a high bluff on the Intracoastal Waterway in one of Charleston’s most historic neighborhoods, Riverland Terrace. Special features include a 167ft boardwalk on the Intracoastal Waterway fronted by a lavish pool with hot tub and cabana, ground level bar and living area, 5 car garage, a mother-in law suite, a separate apartment over the garage, and coveted deep water dock permit in hand. For more info, visit: www.TheBoardwalkHouse.com

In the News

📸 @CharlestonCityPaper | Most Charleston county parks are now open to the public! No group activities such as picnics or close contact sports are allowed. In addition to social distancing, park goers are encouraged to consider wearing face masks. To read the entire article, visit: bit.ly/ChasCountyParkOpenings or visit bit.ly/CCPRCParkOpenings for the full list of open parks.

Charleston Coast Vacations

First, we’d like to sincerely thank everyone who took the time to nominate a #healthcarehero for our giveaway! We received so many wonderful entries and we wish we could give them ALL a vacation. They are all heroes and truly deserving. ⁠
⁠
Since we were overwhelmed with responses, we found a way to offer one more complimentary stay! The FOUR winners are: Heather Irving, Deidra Bibb, Amy Quinn, and Andrew Mashburn. ⁠

Congratulations and we can’t wait to see you on The Charleston Coast!⁠

Real Estate Update from 2020 CTAR President, Bobette Fisher:

“We had a lot of interest and activity from buyers prior to the onset of the COVID-19 crisis in our community. The strong activity in March positions us well for the inevitable impact of the global pandemic on our market” said 2020 CTAR President Bobette Fisher. “While we don’t yet know what that impact will look like, real estate has been classified as an essential service, and while it is far from business as usual right now, we are able to serve clients from a more virtual position and help keep at least this segment of the economy moving in a safe and positive way” she said. “One of the most immediate impacts is on our already low level of inventory, as some homeowners have taken their homes off the market temporarily, out of concern for their health and safety” said Fisher. “Charleston is in a somewhat unique position in that we continue to see buyer interest and demand in our market even as we progress through this highly unusual situation. I anticipate a strong return for our market, post-pandemic but we likely have several challenging months ahead.”

Closed Sales +4.4% | Median Sales Price +10.8% |  Months Supply -29.3%

Market Statistics by Area

• 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
• Summerville
• Goose Creek

Now Offering Virtual Tours!

Want to schedule a virtual showing? Click the links below to get started.

Charleston Coast Vacations

Giveaway alert! Charleston Coast Vacations and dunes properties are proud to give away three future vacations to deserving healthcare workers! If someone you know and love is fighting on the front lines of the COVID-19 pandemic, nominate them for a well-deserved break. Email their story to healthcarehero@dunesproperties.com. Vacation winners will be chosen on May 15.

With mortgage rates on the decline due to COVID-19, buyers are encouraged to take advantage and lock in today’s low rates while they still can. Although it is still uncertain how it will impact the real estate market long-term, it will be interesting to see if low mortgage rates are enough of an incentive for buyers to make an offer.

Closed Sales +4.4% | Median Sales Price +10.8% |  Months Supply -29.3%

Market Statistics by Area

• 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
• Summerville
• Goose Creek

Featured Listing

Located in the heart of Folly Beach, this home would make the perfect rental, primary residence, or a combination of both. Features include a metal roof, two gas tankless water heaters, two gas fireplaces, high end finishes and multiple decks perfect for lounging and entertaining. For more info, visit: bit.ly/207EArcticAve

In the News

Charleston Coast Vacations

Booking direct always ensures you have the best choice of properties and dates while getting exceptional service from our team at Charleston Coast Vacations. When you’re ready to make vacation plans, visit CharlestonCoastVacations.com.

Spring Cleaning Checklist

Today is the first day of spring!
Have you started your Spring Cleaning Checklist yet?

As we move into February, the question remains – will inventory suffice? While many see the housing shortage as a negative, NAR Chief Economist Lawrence Yun sees this as good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” he predicts. Yun and others would also like to see home builders bring more affordable units to market, which I think we can all agree with, especially in the Charleston market.

Closed Sales +20.6% | Median Sales Price +8.1% |  Months Supply -25%

Market Statistics by Area

• 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
• Summerville
• Goose Creek

Featured Listing

WOW does this property have it all! This stunning waterfront home on the Isle of Palms boasts 5 bedrooms and 4.5 baths, gorgeous elevated pool, and a 50′ private dock that includes power, water, a fish cleaning station and two drive on jet ski docks…plus, all of the privacy and amenities of Wild Dunes! For more information, visit: bit.ly/46WaterwayIsland

In the News

New Vacation Rental!

There’s still time to book your summer vacay. You could even stay at our newest vacation rental, “BodSEA” on the Isle of Palms! Check out our newest rentals, search by location and book direct at CharlestonCoastVacations.com.

Upcoming Events

Lights of Magnolia | November 15 – March 15
Join us for “Lights of Magnolia: Reflections of a Cultural Exchange.” The lantern festival will feature custom-designed installations of large-scale lanterns, a fusion of historic Chinese cultural symbols, and images that represent the flora and fauna of Magnolia Plantation. or more info, CLICK HERE.

Charleston Wine + Food Festival | March 4 – 8
Join us for the 15th installment of the Charleston Wine + Food festival as we celebrate the city’s local food culture. Join us in Marion Square, various locations downtown and around Charleston for exclusive dinners, wine tastings, workshops, excursions, and seminars. For more info, CLICK HERE.

Festival of Houses & Gardens | March 11 – April 18
Step inside the private houses and gardens of some of the city’s most stunning properties, learn about Charleston’s distinctive architecture and history and celebrate our unique culture at luncheons, musical concerts and other Lowcountry lifestyle events. For more info, CLICK HERE.

Hellooo 2020! As we wrap up 2019, we are happy to report that thanks to continued low mortgage rates, low unemployment, and wage growth, we anticipate home buyer activity to remain healthy into the new year. While inventory remains low (-23.1%), it is important to note that new construction has been on the rise in the past year, and is expected to continue into 2020 as well.

Closed Sales +19.6% | Median Sales Price -.07% |  Months Supply -23.1%

Market Statistics by Area

• Downtown Charleston
• Upper Charleston Peninsula
• Upper Mount Pleasant
• Lower Mount Pleasant
• Daniel Island
• Folly Beach
• Isle of Palms/Wild Dunes
• Sullivans Island
• Kiawah Island
• Seabrook Island
• James Island
• West Ashley
• Johns Island
• North Charleston
• Summerville
• Goose Creek

From the Blog

Featured Listing

Located in James Island’s prestigious White Point Estates, this beautifully appointed 4 bedroom, 3.5 bath home boasts 11 ft ceilings, hardwood floors throughout, a stunning new kitchen and large covered porch that overlooks the salt-water pool and marsh below. Live oaks line the marsh and provide beautiful views and privacy all year long, while a dock provides access to the waterway beyond. For more information, visit: bit.ly/882WhitePointBlvd

It’s Almost Summer, Which Means…

There’s still time to book your summer vacay! Check out our newest rentals, search by location and book direct at CharlestonCoastVacations.com.

Upcoming Events

2020 Jazz Festival | January 25th
Don’t miss the 6th Annual Charleston Jazz Festival as it presents The World of Regina Carter, widely considered the finest jazz violinist of her generation. For more info, CLICK HERE.

Lowcountry Oyster Festival | January 26th
Join us at Boone Hall Plantation for the world’s largest oyster festival and has been named one of the “top 20 events in the southeast” by Southeastern Tourism Society. For more info, CLICK HERE.

Charleston Coffee Fest | February 9th
Join us at LoFi Brewing to celebrate Charleston’s burgeoning coffee culture, featuring local and non-local coffee roasters, artisans, coffee competitors, and kids activities. For more info, CLICK HERE.