Category: Market Statistics
Charleston Area Market Stats through March (and other news)
Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates. Existing home seller and new construction activity continue to remain below levels necessary to bring the market back into balance, pointing to a busy and competitive buyer market in the coming months.
~ Charleston Trident Association of REALTORS® (CTAR)
Market Statistics by Area:
Closed Sales +28.4% | Median Sales Price +17.4% | Months Supply -77.1%
Featured Listing
170 Hobcaw Drive, Mount Pleasant
4 bedrooms, 4 full and 1 half bath, 4500 sq ft | Offered for $5,350,000
This stunning home on deep water overlooking the Wando River and Hobcaw Creek offers lowcountry living at its finest! Completely taken back to a shell, Sheppard Construction took this renovation to a whole new level with exquisite details and design. Interior features include wide plank white oak flooring throughout, beautiful chef’s kitchen featuring Calcutta gold marble countertops and a Wolf/Sub Zero appliance package, a large living room and dining room with fireplace and bar area, and a truly stunning wall of large impact glass windows which invites you to enjoy the most beautiful sunsets and water views in Charleston. The exterior of the home is equally impressive with lush, mature landscaping, a newly constructed IPE dock (approx. 75 ft long) with an 11 X 16 foot covered pierhead and copper roof, as well as a boat lift which will hold up to a 20,000 lb boat. The home also features a full house automatic generator, and there is no flood insurance required. For more information, visit http://www.170hobcawdrive.com/.
In the News
Big shoutout to our fearless leader, Randy Walker, featured in the March 2021 issue of Charleston Magazine where local leaders weigh in on Charleston’s unique ability to adjust, adapt, overcome – and in the case of real estate sales, thrive – in the midst of the 2020 pandemic.
Check out the full article on pg. 99 of the March issue, or click the link below to sign up and view the FREE digital issue courtesy of Charleston Coast Vacations!
Featured Podcast
Did you catch Mount Pleasant Magazine’s latest VOICE for Real Estate podcast featuring our very own Laurie Minges?
On this episode of the VOICE for Real Estate podcast, Laurie talks to Mount Pleasant Magazine host and publisher, Bill Macchio, about her experience in real estate, how the real estate market is right now and how to be ready.
CLICK HERE to watch the full episode!
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.
Charleston Area Market Stats through February (and other news)
Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.” With rates still at historically low levels, home sales are unlikely to be significantly impacted, though higher rates do impact affordability.
~ Charleston Trident Association of REALTORS® (CTAR)
Market Statistics by Area:
Closed Sales +25.1% | Median Sales Price +11.6% | Months Supply -73.5%
Featured Listing
51 Waterway Island Drive, Isle of Palms
5 bed, 5 full and 2 half baths, 5298 sq ft | Offered for $5,235,000
Paradise awaits you in this custom deep water home nestled on Morgan Creek inside the gates of the Wild Dunes Resort. 51 Waterway Island Drive has everything a beach and boating enthusiast could want combined with the charm and inviting character that makes a home on the Isle of Palms so desirable. Features include an oversized shiplapped living room / entertainment area with a wood burning fireplace, gourmet kitchen with top of the line appliances, gorgeous first floor master suite, an elevated infinity salt water pool, and the real gem – your very own 80 ft deep water dock (the largest on the creek!) complete with power, water and lighting ensuring you can enjoy the outdoors anytime of day and any season of the year. For more information, visit www.51WaterwayIslandDrive.com.
Agent Spotlight: Joy Millar
“I don’t think I have ever met a REALTOR® that is
more dedicated, responsive, and pleasant to deal with than Joy Millar. In an intensely competitive and skyrocketing market, Joy was the difference between us getting a truly special house, and being priced out of the market. Her knowledge of Seabrook Island combined with her contacts made the impossible happen. She is an absolutely delightful person, and I cannot recommend her services highly enough.” ~ Paul M.
Charleston Coast Vacations
Sunshine on your mind? 😎 There’s still time to book your spring vacay with us on the #charlestoncoast! Visit www.charlestoncoastvacations.com to explore available rental properties and book your stay today!
Charleston Area Market Stats Through January (and other news)
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%
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
Charleston Area Market Stats through December (and other news)
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.
Charleston Area Market Stats through November (and other news)
“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.
Charleston Area Market Stats through October (and other news)
“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.
Charleston Area Market Stats through September (and other news)
“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! 🏖️
Charleston Area Market Stats through August (and other news)
“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.
Charleston Area Market Stats through June (and other news)
“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!
Charleston Area Market Stats through May (and other news)
“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!