Category: Real Estate
August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children during the school year to historically create a natural market cool down before any actual temperature change. Competition is expected to remain fierce for available listings. Savvy sellers and buyers know that deals can be made well into the school months, as household formations take on many shapes and sizes.
Closed Sales -3.3% | Median Sales Price +1.2% | Months Supply -22.7%
Market Statistics by Area
How long can the residential real estate market go on like this? We are about two years into a national trend of dropping housing supply and increasing median sales prices. There are some regional variations to the story, but the shift to a predominantly seller’s market is mostly complete. Multiple-offer situations over asking price are commonplace in many communities, and good homes are routinely off the market after a single day. It is evident that a favorable economy keeps hungry buyers in the chase.
Market Statistics by Area
Ever wanted to live right by the beach? Check out these great new properties on Isle of Palms, SC. Isle of Palms is a barrier island with everything. There’s lush vegetation, from age-old live oaks to flowering crepe myrtles and oleanders. For the sports-minded, there’s golf, great fishing, crabbing and shrimping, and more water sports than we can name. All of this just a few miles from downtown Charleston.
You will love living in this seaside community just 2 blocks from the beach!! Craftsman style beach home has a very open floor plan with perfect spaces for your family or guests. Well taken care of & updated. The kitchen has a breakfast bar & granite counter tops & new stainless gas stove & DW for the cook of the house. There is a separate laundry room & pantry space. Great room & dining area are very open with vaulted ceilings. Dining area is spacious for a large table. Relax by the gas fireplace or outdoors in the very large screened porch. You will love the second bedroom with custom built-in bunk beds, storage and custom drawers. The office/study could be a 4th bedroom. Offered by Sheryl Hill
Gorgeous home on Palmetto Lake in Wild Dunes across from one of natures beautiful bird habitats. This spacious home has just been completely renovated with custom finishes throughout including a New Sun Room, Kitchen and master baths. In addition, the home has a new roof, flooring, HVAC, and entranceway. The incredible landscaping fits nicely with the natural environment! There are 5 bedrooms, 3 and 1/2 bathrooms with the master bedroom on the first floor. The kitchen is outfitted with all new Jenn-Air appliances including a gas cooktop, a bar counter for entertaining and an incredible view of the lake as you prepare your next meal. The sun room has raised ceilings and makes you feel like the outside has been brought in through the four large picture windows. Offered by Rick Fain
Welcome to 19 Ocean Point, located in the gated neighborhood of Ocean Point, in Wild Dunes, Isle of Palms, SC. This custom built, meticulously maintained home overlooks the lagoon, driving range and has peaks of the ocean from the 3rd floor! The spacious foyer opens to a gorgeous, wide staircase and the inviting first floor living area with hardwood floors throughout. The open, airy floor plan is perfect for entertaining with a large gourmet kitchen front and center, flowing into the dining and living room. The kitchen offers high-end stainless steel appliances, updated cabinetry, granite surfaces and a cozy office. The living room features custom cabinetry fire place and wet bar. Offered by Betty Poore & Ginn Maiers
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
With 34 people moving here everyday, demand for Charleston homes on golf courses, in resort communities, and on the beaches is on the rise. Charleston is a recreation lover’s dream where folks can enjoy sports and hobbies of all types almost year round. Featured first are some of our most recent Charleston homes on golf courses, but at the bottom of the post you’ll find an updated list of all homes on golf courses listed across all areas of the Charleston Coast. Which is your favorite?
Our Featured Homes on Golf Courses:
334 Winged Foot Court, Kiawah Island 4 bed | 3.5 bath | 3,300 sq ft
2914 Atrium Villa, Seabrook Island 2 bed | 2 bath | 1,080 sq ft
3143 Baywood Drive, Seabrook Island 4 bed | 3.5 bath | 3,400 sq ft
ALL Homes Currently For Sale in Golf Communities:
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
We have a wide variety of new listings at the beach, and it’s just in time. The mercury is starting to rise and the sun is shining, that can only mean one thing….its almost summer on the Charleston Coast! What better way to spend the lazy days of our favorite season than at one of Charleston’s fabulous beaches? Check out some of the newest listings from dunes properties agents on Sullivans Island, Isle of Palms, Folly Beach, Kiawah Island and Dewees Island.
2614 Bayonne Street, Sullivans Island
4 beds | 4.5 baths | 4,754 sq ft
One of the finest second row homes on Sullivans Island and only steps away from the Station 26 beach access path! A stunning remodel of this home was completed in 2015 by Phillip Smith Contractors. The 3,410 square foot first floor boasts a downstairs master-suite with outside porch, and direct access to the elevated pool and workout cabana. There is an additional guest suite off the front entrance. The house has a open great room and dining area combination with bay windows overlooking the pool area, a large office area, a gourmet kitchen with attached den and additional fireplace. Listed by Tim Reese
2102 Atlantic Avenue, Sullivans Island
9 beds | 6 baths | 5,760 sq ft
Located on a street to street, half acre lot on Sullivans Island, this unique, one of a kind home features lots of possible configurations for a large family! The owners built this home with generational living in mind. Side A and B each feature four bedrooms, two full baths, wrap around porches, 2 car garages, hardwood floors in the main living areas and tons of storage. In addition, there is a two story carriage house, connected to the main house, that features a one bedroom living space on the first floor and a studio space on the second. The main house, sides A & B, live like two separate homes but have privacy doors to make the spaces separate. Listed by Betty Poore & Vannessa Carter
708 Palm Boulevard, Isle of Palms
4 beds | 2 baths | 2,434 sq ft
This bright and cheery home with double front porches is centrally located on the island. The first floor features an open floor plan with a full bath. The kitchen window overlooks the pool located in the private fenced in backyard. Upstairs you will find the master suite with walk-in closet and large private bathroom. Three more nice size bedrooms are also upstairs with one of the front bedrooms that opens out to the upstairs porch. Plenty of parking underneath. Close to the beach, downtown Isle of Palms, connector and just a short drive to historic Downtown Charleston. Listed by Ginn Maiers
1653 B East Ashley Avenue, Folly Beach
4 beds | 2.5 baths | 2,200 sq ft
Here is your chance to own a 4 BR oceanfront home on Folly Beach that will hold a large family, performs well on a rental program, and doesn’t break the bank. Enjoy the sunrise and seascapes from large oceanfront balconies. There are hardwood floors downstairs and an enormous kitchen with granite countertops and a bar -height counter to gather around. The kitchen flows into the open living and dining room with windows and sliding doors that lead onto the oceanfront deck and let the light in. There is also an oceanfront deck upstairs that can be accessed by the master bedroom and two more bedrooms. Listed by Vince Perna & Laurie Hull
1120 E Arctic Avenue, Folly Beach
3 beds | 2 baths | 1,379
This is a renovated classic Cape Cod style beach house. Located on a full corner lot and directly across from beach access. ”Neptunes Folly” is on a vacation rental program with great occupancy and rental income history! The property also sits on a dead end, less traveled street. Enjoy beautiful ocean views from the large front porch. The open living/dining room area and updated kitchen are perfect for entertaining. The property also has plenty of off-street parking, a huge plus on Folly Beach! Listed by Keith McCann
5 beds| 4 baths | 4,300 sq ft
If you are all about the beach, then look no further. This classic style beach house is oceanfront with enough room for family, friends, and grandchildren. Needless to say the views are amazing. The first floor has a very large great room with fireplace, sunroom, and master suite all with ocean views and outside access. Additionally, the kitchen is updated with newer cabinets, granite, and stainless steel appliances. Listed by Karen Hilty
312 Pelican Flight Drive, Dewees Island
3 beds | 2 baths | 1,616 sq ft
This is the best starter home on private, unspoiled Dewees Island. This lovely 3 bedroom cottage with loft and open floor plan has views of managed wetland, deer browsing areas, and maritime forest. Nestled into the pines with easy access to kayak trails and a very short walk to the beach. Home has porches which flank the living room, allowing for the sea breezes to blow through the main part of the house. Airy master bedroom is open to below through captains windows, and an additional loft area is perfect for watching the eagles nest or alligators below. Two other quiet bedrooms each have their own porch access areas and vaulted ceilings. Charming cottage decor conveys with a few exceptions. Under the house, there is great storage for toys including golf carts, kayaks and bicycles. Listed by Judy Fairchild
This is a unique rental investment opportunity, or condominium conversion, in historic, downtown Charleston. Adjacent to the prestigious Wentworth Mansion, this Harleston Village property is a short walk to dining and shopping along King Street, as well as College of Charleston, and the Medical University of South Carolina. These rentals are fantastic for young professionals, medical students, or small families.
With a total of 16 bedrooms and rare 16 off-street parking spaces, these have the potential to produce more than $275,000 in annual gross revenues. There are 3 separate, adjacent fee-simple properties that allow for multiple objectives. Extensive renovations have been done over the past three years. Listing includes 135.5, 137, & 139 Wentworth Street. The single family house is circa 1847 (form tax records) but the age is unknown on multi-unit properties.