Category: Market Statistics

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.
~ Charleston Trident Association of REALTORS® (CTAR)

Market Statistics by Area:

Closed Sales +22% | Median Sales Price +9.5% |  Months Supply -70.6%

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 Listing

134 North Plaza Court #204, Mount Pleasant
3 bed, 2 full and 1 half bath, 2577 sq ft   |  Offered for $1,350,000

This pristine waterfront condominium offers panoramic views of historic downtown Charleston, the Charleston Harbor and the Ravenel Bridge. Enter through a private, direct access code elevator with a secure interior door to the spacious 23′ living room. The living room boasts a gas fireplace and connects seamlessly to the expansive dining room and adjoining kitchen, perfect for entertaining. The Renaissance offers outstanding amenities including a pool, clubroom, premium workout room and multiple guest suites in each of the two buildings that can be reserved for a nominal fee. Other amenities include garage parking for two cars and a climate controlled storage room.⁠⁠ For more information, visit bit.ly/134NPlazaCt204.

Welcome New Agents

Welcome to our newest dunes properties agents, Nelson Lundberg, Heyward Bonner and Zoe Skinner! To find out more about these agents visit bit.ly/DunesAgents.

Charleston Coast Vacations

New property alert! Book your summer stay at the Riprap Cottage featuring incredible views, a beachfront deck, and great proximity to shops and restaurants. Book your spring and summer vacay dates today! Book online at our website www.charlestoncoastvacations.com

What a strange year! It was certainly weird for all of us at dunes properties and I’m sure you and yours also! So many vacation reservations had to be canceled or rescheduled while our Charleston islands were closed to the public this past spring. Our agents, already set up with home offices, were joined by our employees, who like so many in the country successfully adapted to working from home. We continue to do so, alternating days to limit our office personnel numbers.

On the bright side, I am simply amazed by our 2020 real estate record year, having closed over $415 Million in sales; a 31 year company record and over 30% above our previous best year, 2017 at $320 Million. In fact, of the over 6,000 Charleston area REALTORS®, FIVE of our dunes agents landed in the top 50.

Demand (mostly from big cities) is off the charts, and with home inventory at record lows, I expect pickings to be slim this year. So, with 30 year fixed mortgage rates STILL BELOW 4%, we encourage you to come get your piece of paradise! We do hope you and your family managed through this past year all healthy as ever, and we look forward to seeing you on the Charleston Coast soon!

~ Randy Walker, dunes properties President

Market Statistics by Area:

Closed Sales +31.1% | Median Sales Price +14.4% |  Months Supply -62.9%

• 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

2740 Seabrook Island Road, Seabrook Island
5 beds, 5 baths, 3400 sq ft   |  Offered for $1,625,000
Set amongst glorious live oaks and overlooking Crooked Oaks golf course, this magnificent home exudes southern charm, offers curb appeal galore, and is an easy stroll to the beach and club amenities. With 5 beds, 5 baths plus study/office and a year-round outdoor kitchen/porch/sunroom, this home would be a welcome gathering place for multi-generations of a family, but is also warm and inviting for more intimate living. The stunning Brazilian Koa flooring throughout sets the scene for this special property, and the custom oyster shell linear gas fireplace is exceptional. Amenities include two separate Russound systems, a three stop elevator, an infrared sauna, and electric car charging outlet. For more information, visit bit.ly/2740SeabrookIslandRd.

In The News

Charleston County announced that new maps guiding flood insurance requirements and costs will go into effect on January 29, 2021. Click Here to watch a helpful video or view a list of frequently asked questions.

A study by United Van Lines determined that South Carolina was the second most sought after state to move to in 2020. Overall, 55% of the country’s inbound moves were to the Southern region, with the Carolinas, Alabama, Arkansas, Florida and Tennessee topping the list. Click Here to read the full article.

Charleston Coast Vacations

Our 2021 vacation brochures started hitting mailboxes earlier this month! If you’ve stayed with us the last few years, look out for your hard copy soon. If you want to make sure you receive a copy, email vacations@dunesproperties.com to request one.⁠⁠ See something you like? Search and book online at our website: www.charlestoncoastvacations.com.

“November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for the month. Showing activity remains higher than the same period a year ago across most of the country, suggesting that strong buyer demand is likely to continue into what is typically the slowest time of year. With inventory remaining constrained in most market segments, sellers continue to benefit from the tight market conditions.”

~ Charleston Trident Association of Realtors® (CTAR)

Market Statistics by Area:

Closed Sales +34.5% | Median Sales Price +18.4% |  Months Supply -61.5%

• 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

1509 Ocean Club, Wild Dunes
4 bedrooms, 4.5 baths | 2,810 sq ft | Offered at $1,599,000
Welcome to 1509 Ocean Club, a premier oceanfront penthouse villa with spectacular 180 degree views from the Intracoastal Waterway to the Atlantic Ocean. This 4 bedroom, 4.5 bath villa is a rare find with the desirable ”B” floor plan, offering additional square footage, a breakfast room, private powder room for guests, and 3 of the 4 bedrooms facing the stunning view! For more information or to schedule a private showing, visit bit.ly/1509OceanClub.

Top 9 of 2020

Charleston Coast Vacations

Sign up today to enjoy your FREE digital issue of Charleston Magazine
compliments of Charleston Coast Vacations!
Simply CLICK HERE to claim your free subscription.

“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.