Lot Size20,473 sqft
Home Size4,388 sq ft
Days on Market1
Category: Wild Dunes
January brought out a new crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the year due to ongoing inventory concerns. Despite home affordability continuing to be an issue, early signs suggest the market is beginning to improve, with more homes coming on the market just in time for the summer months.
Closed Sales -16% | Median Sales Price + 2.7% | Months Supply 0%
Market Statistics by Area
The facts of residential real estate have remained consistent in 2018. In year-over year comparisons, inventory is lower in most locales, and yet homes sales continue to rise. Although the Federal Reserve’s latest rate hike deterred some buyers at the end of 2018, 2019 looks a little more promising with the Fed Reserve indicating half the amount of hikes, thus in theory creating a more balanced market. With unemployment rates low and wages starting to increase, we are hopeful inventory will increase, although, the biggest concern continues to be affordability.
2017 vs. 2018 Quick Stats: Closed Sales -4.8% | Median Sales Price +5.1% | Days On Market -6.8%
Market Statistics by Area
Welcome to 19 Ocean Point Drive located in the gated neighborhood of Ocean Point, in Wild Dunes! This custom built home overlooks the lagoon and golf course while also providing ocean views 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 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 countertops. All three of the porches provide water views in every direction. The large garage has room for three cars.
Ocean Point offers homeowners private beach access, a private pool and open picnic pavilion. Wild Dunes offers access to two golf courses, world class tennis facilities, pools, playground, and all just 12 miles from Historic Charleston.
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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:
- List View
- Map View
See all Golf Course Properties.
(all data current as of 2/21/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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
As we evaluate the final quarter of 2016 (so far), not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline, and there is little to indicate that the low inventory situation will resolve anytime soon.
Market Stats through October 2016
As anticipated at the outset of the year, demand has remained high through the first three quarters of 2016, propping up sales and prices despite heavy reductions in inventory and months of supply across the country. With rental prices and employment opportunities in a consistent climb, year-over-year increases in home buying are probable for the rest of the year but not guaranteed.