About dunes properties of Charleston

dunes properties of Charleston is a real estate, vacation rental and property management company representing the Lowcountry with almost 80 exclusive Charleston beach vacation rental properties, 70 real estate agents and employees, four full-service offices. Nobody knows the Charleston Coast better.

Isle of Palms Office

1400 Palm Boulevard
Isle of Palms, SC 29451
843.886.5600

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Folly Beach Office

31 Center Street
Folly Beach, SC 29439
843.588.3800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


The Real Estate Studio

214 King Street
Charleston, SC 29401
843.722.5618

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Kiawah Seabrook Office

1887 Andell Bluff Boulevard
Johns Island, SC 29455
843.768.9800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


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Tag: market snapshot

Charleston Area Market Statistics Through June 2016

Market Stats graphic June

Halfway through 2016, residential real estate markets are performing as predicted at the beginning of the year. Sales and prices have been going up in most areas, while the number of homes for sale and total months’ supply of inventory have been going down. Meanwhile, many sellers have been getting a higher percentage of their asking price, and supply continues to struggle to meet demand. The message may be repetitive, but it is largely positive.
New Listings – up 1.3%. Pending Sales – up 17.9%.  Inventory – down 22.2% Median Sales Price – up 4.2%. Days on Market -down 5.2%. Months Supply of Inventory – down 32.7%.

With an interest rate increase still in the cards this year, combined with the American political landscape and global economic events, a cooldown could occur by winter. Presently, however, summery growth prevails as many locales are reaching near-record prices not seen in more than a decade.- According to Charleston Trident Association of Realtors

Market Stats through May 2016

Charleston Area Market Statistics Through May 2016

Charleston Area Real Estate NewsWe are in the thick of an exciting period of home buying and selling, often with quick multiple offers that are near, at or even above asking price, depending on the factors of the home and submarket in question. It was widely predicted that we would see healthy sales activity during the second quarter of 2016, and the market has not disappointed.
New Listings were up 3.9 percent to 2,212. Pending Sales increased 26.0 percent to 1,960. Inventory shrank 22.3 percent to 5,230 units. Prices moved higher as Median Sales Price was up 4.0 percent to $244,305. Days on Market decreased 7.9 percent to 58 days. Months Supply of Inventory was down 34.0 percent to 3.5 months, indicating that demand increased relative to supply.
Although inventory is still being stretched thin in many areas, low mortgage rates coupled with higher wages have built a relatively sturdy housing marketplace. How long that can continue without fresh supply remains an important question, but conditions are seemingly good enough for serious buyers. With the current slow state of new construction for non-rental households, the road ahead could be tricky if demand remains high.- According to Charleston Trident Association of Realtors

Market Stats through May 2016

Charleston Area Market Statistics Through March 2016

BlackbirdNational housing trends, like the steady rise in home prices and decline in inventory, should certainly be observed with care, but tracking wider economic conditions is also necessary. Employment figures are positive, wages are going up and employers are hiring.  Buyers want to get into the market, but unlike the rising-price sales environment of ten years ago, people are not diving headlong into risky mortgages or uncomfortable situations. This carefulness should be celebrated, not feared.
The Charleston market is definitely booming. New Listings were up 8.6 percent. Pending Sales increased 24.8. But overall Inventory shrank 20.2 percent. Demand is present but an abundance of choice is not. Prices moved higher as Median Sales Price was up 5.6 percent and Days on Market decreased 10.8 percent. Months Supply of Inventory was down 32.7 percent to 3.5 months.
Consumers seem to be holding for the right deal, even in the face of extremely low mortgage rates. As seller and builder confidence increases, we should see more activity in Q2 2016. The second quarter tends to rank as the best time to list a home for sale. – According to Charleston Trident Association of Realtors

Market Stats through March 2016

Charleston Area Market Statistics Through February 2016

iStock_000024405439_LargeInventory Keeps Charleston Residential Real Estate Market Tight; Prices And Sales Continue To Grow

1,088 homes sold in February in the region at a median price of $236,484 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In February 2015, 1,012 homes sold at a median price of $212,500. This data reflects a 7.5% increase in sales volume and 11% growth in median price, comparing last February to this February.

Year-to-date figures show 2,054 homes sold in 2016 at a median price of $227,750 in the region. Comparing 2015 figures to 2016 thus far, year-to-date sales volume has increased 7.6% and median price has grown by 7.7%.

Inventory has declined by 21% over the last 12-month period, with 5,055 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of March 10.

Charleston Area Market Statistics through February 2016

Mount Pleasant Real Estate

Reading the national news about real estate can cause buyers to wait for the market to bottom out before buying. The problem is that like the stock market, when the bottom is identified, prices are already going up! The national picture does NOT hold true for local markets. In fact, in the Charleston real estate market sales vary from North Charleston to Summerville to West Ashley to Mt. Pleasant! The December 2009 results show that in Charleston County the number of transaction increased by 31% and the average sales price increased by 6% over December 2008.
If you are looking for a single family detached home in Mt. Pleasant, now might be a great time to buy. Interest rates are low, prices are still moderate and inventory is good. Buyers are looking for homes that have at least 1800 square feet of living space with no more than 4 bedrooms and 3 baths. If that meets your overall specifications you have approximately 366 homes below $800,000. That’s a lot of homes to consider!
From one end of Mt. Pleasant to the other, there are great homes that can be yours. Your real estate professional can help you find the right home for you. Location, price and condition are important. Having a professional representing you is critical.
Contact Dunes Properties.

 

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