“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
- Goose Creek
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…
As a seller, you should have a good relationship with your listing agent. They should answer your questions in a timely manner, keep you updated on listing activity and feedback and what they are doing to sell your listing.
However, have you thought about how your listing agent answers questions from other agents representing potential buyers? Do they have the answers or try to find the answers or do they direct that agent to call someone else?
Working as part of the Dunes Properties real estate support team, I can’t begin to fathom how many times I have called for a rental history, elevation certificate, termite bond transfer information, HOA information and other items that a good listing agent will ask about to have on file, and I have been told by the listing agent who I can call to get those items. I certainly will call those other parties because everyone at Dunes is working to help our buyers, but I can’t help but feel a little bit of disappointment and question “Does their seller know they pawn off potential buyer’s questions? Why don’t want as much information as they can get for their listing file to have on hand when the inevitable questions come in?”
So when you list your property with an agent you have chosen, don’t get annoyed when they start asking questions that may send you rifling through files in search of flood and homeowners insurance policies, or HOA fees and contacts, or recent utility bills. Instead, if they do not ask you those kinds of questions, ask them why they aren’t.
The Charleston Coast has some of the best porches, patios and decks around. Why? Because of the extraordinary views of course. The ocean, the marsh, lagoon, pool, and palmettos.
Dr. Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors, delivered the keynote address and discussed the Charleston real estate market last Wednesday for area members of Charleston Trident Association of Realtors. He had lots of good things to say about the Charleston market in general. Read the whole story and watch the videos HERE.
Now what does all this mean to you as a homeowner, Buyer, or Seller? Be sure to talk to your agent, they are there for you whenever you have a question about home ownership and the market in general, not just if you are interested in buying or selling right now. You can speak pressure and commitment free to a dunes properties agent any time by calling 800.476.8444 or stopping by one of our four offices at 214 King St. downtown, 31 Center St. on Folly, 1400 Palm Blvd. on the Isle of Palms, or at Bohicket Marina near Seabrook/Kiawah Islands.
Barbara gives real estate advice on the Today Show. On December 13’s show a viewer from Pittsburgh,PA asked her advice on a southwest or southern town to relocate to. Austin TX was the recommended southwestern town and Charleston, SC was her recommended southern city. She discusses why Charleston is a great place to move right now at about 2 minutes and 33 seconds into the video.
Charleston is great if you like polite, genteel southern charm, beautiful beaches and tremendous golf. Prices are going up 8% this year she says.
If you are curious about retiring or relocating, give a thought to Charleston. Call for a pressure-free discussion with one of our professional agents. They’ll be happy to answer your questions and see if Charleston is a possibility for you.
Mortgage loan interest rates are one of the key drivers in the real estate industry. In today’s economy, Freddie Mac is reporting 30-year fixed rates at historic lows over the last few weeks (or is that months?).
1.) If you’re thinking about selling, now is a great time because buyers will be able to afford more home at a lower monthly payment.
2.) If you want to sell and move up, a low interest rate will help you get more home for the monthly payment you pay.