Category: Market Statistics

“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.

After a widely anticipated benchmark rate reduction by the Federal Reserve in November, home buyers and sellers are eager to see what the new year holds. Although inventory is still low (down 21.4%), the economy remains strong and new construction activity continues to rise nationally with new housing permits up 5% in October.

Closed Sales +2.4% | Median Sales Price -0.2% |  Months Supply -21.4%

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

Featured Property

Welcome to 507 Carolina Boulevard, your perfectly situated island retreat,
just 2 short blocks to the beach! This 5 bedroom, 4 bath home features a modern, open floor plan with state-of-the-art kitchen, multiple porches and a beautiful family room that opens to the stunning open air deck.

30 for 30 Year-End Update

Throughout 2019, we’ve been donating to a varied list of 30 worthy charities and non-profit organizations to celebrate our 30th anniversary as a company. Here are some of the groups we’ve supported this year…

One 80 Place
Begin with Books
Dewees Island Conservancy
Green Heart Project
Heart Artist Community
Lowcountry Orphan Relief
Ronald McDonald House
Habitat for Humanity
Camp Happy Days
Meals on Wheels
Doors to Freedom
Fresh Future Farms
Tri-County Veterans Support Network
Charleston Waterkeepers
Genesis Project through Parkland Foundation
Pet Helpers
Friends of the Library
Palmetto Paws
Florence Crittenton Programs of SC
Preservation Society of Charleston
Charleston Parks Conservancy
Lowcountry Food Bank
Abaco Connect
American Red Cross

Top 9 Social Media Posts of 2019

As we approach the end of the year, we are starting to see a more balanced market, with continued low inventory levels and mortgage rates increasing slightly from the three-year lows seen in September. It is hard to say what the new year will bring, but most anticipate continued low rates in 2020.

Closed Sales -0.1% | Median Sales Price +4.8% |  Months Supply -19%

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

Featured Property

Located in The Pointe in Rivertowne Country Club, this custom home boasts a 3 car garage, gourmet kitchen with high-end stainless-steel appliances and granite countertops, and large great room which opens to the screened porch and deck. Plus, owners can enjoy use of all amenities including a dock, pool, tennis courts, basketball, and clubhouse!

Toddy Poore Dock Dedication

The Isle of Palms Exchange Club  |  201 Palm Boulevard

Upcoming Events in Charleston

30th Annual Holiday Festival of Lights  |  November 15th – December 31st
The Holiday Festival of Lights is known for its three-mile driving tour of spectacular lights where visitors are encouraged to park the car and experience family attractions, shopping, dining and more. For more information, visit: www.holidayfestivaloflights.com
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Steeplechase of Charleston  |  Sunday, November 17th
Dust off those hats and head to Stono Ferry for a day full of big hats, colds drinks, and fast horses! The family-friendly event will feature five high-stakes races with coveted titles on the line. For more information, visit www.steeplechaseofcharleston.com
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42nd Annual Turkey Day Run  |  Thursday, November 28th
The annual Turkey Day Run & Gobble Wobble is a U.S. Track & Field certified five kilometer race that winds through historic downtown Charleston and out to the peninsula. For more information, visit: www.turkeydayrun.com

“The real estate market this fall is looking far from scary” (CTAR)

As the real estate market begins to cool with the changing of the seasons, buyers are beginning to see fewer listings, and less competition for homes. That being said, mortgage rates remain considerably low, and the economy strong as 2019 begins to come to a close.

Closed Sales +13% | Median Sales Price +3.1% |  Months Supply -10%

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

Featured Property

Don’t miss your chance to preview Sullivan’s House – a historic restoration yielding a collection of four bright, luxurious residences designed for the island lifestyle. With open floor plans, expansive master suites, guest bedrooms with ensuite baths and expertly designed kitchens, they are the perfect gathering places for friends and family. Only 2 units remain, so act fast! For more photos and information, visit www.SullivansHouse.com.

New Downtown Office Location!

SAY HELLO to our newest office location in historic Charleston, 11 Fulton Street. Centrally located one half block off of King and within walking distance to world-class shopping and dining, this fabulous (and yet cozy!) office space is steeped in history and will serve as our new hub in the heart of downtown Charleston.

The Real Estate Studio  |  11 Fulton Street, Historic Charleston

And speaking of new…

Thanks to the recent lowering of federal interest rates in July, consumer confidence is up, and many homeowners have taken advantage by choosing to refinance their homes. On the other hand, a lack of affordable inventory and the continuation of high housing prices continue to affect the housing market. As we move into fall, buyers are encouraged to keep and eye on the market, and remained poised to act when the time is right.

Closed Sales -4.6% | Median Sales Price +9.4% |  Months Supply -12.5%

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

Featured Property

JUST LISTED ON FOLLY BEACH!  306 East Huron Avenue
Nothing beats owning deep water property on Folly Beach! With an existing dock out back, short stroll to the beach out front, and an adorable old-Folly style cottage,this is the perfect place to call home. For more info visit: bit.ly/306EastHuron.

Fall Maintenance Checklist