Tag: Historic Charleston
It’s just so beautiful here right now, don’t you want to come visit Charleston? Or if you’re in town already, visit downtown or the beaches and enjoy all the beauty this town has. I need to remember to do that more often myself. There is an abundance of beauty everywhere to be found here. If you decide to take it a step further and take an actual vacation to Charleston, give us a call at 888.843.2322 or visit us online and we’ll help you plan your Charleston vacation at Folly Beach, Isle of Palms or Wild Dunes.
Yes another great article about Charleston. This city is a top tourist destination and Charleston is frequently featured in magazines, tv programs, blogs and books. Frequently the content is interchangeable and pretty much says the same things over and over again. Not that we don’t enjoy or appreciate the articles, we do! But I noticed this article by the Lee Brothers, definite Charleston insiders and not just a travel writer here for a week trying to figure out this city.
Matt and Ted Lee have written the most beautiful ode to Charleston I think I have read yet. They describe the juxtoposition of the past and present in this town-how it has aged gracefully and grown even more vibrant and relevant.
Charleston has “contemporary” sizzle as they say and has found a new way forward by reaching to it’s past and embracing the tension that lies between the past and the present. They make note of how in these times of economic downturn, the citizens of Charleston have focused on what really matters in the world and have dug deep to embrace their roots. Art, music, food- things in life that feed the soul- Charleston has in abundance. And the quality and diversity is a testament to the home Charleston is. Dive bars, world renowned chefs, artists from around the world finding second homes in town, historical architecture mixing with the new, home cooking with innovative flair- Charleston has found a new way forward and this city is growing in all ways good.
The Charleston Regional Business Journal released their 2010 Market Facts last week. It’s a slew of graphs and charts outlining market performance across the tri-county area over the past 3 years. It’s extremely helpful to get a visual depiction of real estate market trends during this recession.
Not surprisingly, compared to ’07 and ’08, 2009 home sales look pretty pathetic. It was a doozy of a year for all of us. There are a few positive stats to be noted: Home Re-sales in ’09 in Charleston County sky-rocketed up to almost 4,200 closings. However, you have to factor in how many of those were probably short sales and foreclosures. Also, the average home price has steadily declined since ’07 for all areas (James Island, West Ashley, Mt. Pleasant, etc) EXCEPT for Downtown! Downtown resales in 2009 exceeded sales in ’07, and the average sale price jumped from $624,000 to $1.4 Mil for 2009. There is a silver lining people!
There’s also a MLS Sales Stats chart that compares monthly # of sales, price, DOM, etc. On average, there seems to be about 300 MORE sales per month for April, May, and June ’10 compared to the same months in ’09. Maybe I’m falsely optimistic, but to me it seems that Charleston is showing all the right signs of coming out of this recession sooner rather than later. After all Charleston is still a very desirable place to live and visit; that hasn’t changed. People will continue to want to relocate here, and we all should be thankful for that!
*The CRBJ has not posted Market Facts 2010 online yet. I’m sure seeing, is easier than reading, so keep checking back at www.charlestonbusiness.com