Isle of Palms Office

1400 Palm Boulevard Ste. M
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


Dunes Downtown

11 Fulton 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


Mount Pleasant Office

835 Coleman Blvd Ste. 200
Mount Pleasant, SC 29464
843.881.5600

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


Trigger
Open
Open
Open
Join Our Mailing List
Open

Tag: mount pleasant

Is Charleston, SC, a Good Place to Live?

Charleston SC, a good place to live

Ask any resident of the Holy City, “Is Charleston, SC, a good place to live?” and you’re sure to be greeted with resounding affirmative responses. But, there are many factors to consider before moving to a new area. Generally speaking, Charleston is one of the best places to live in the country. In fact, the city has received an extensive list of accolades over the last decade, topping Travel + Leisure’s Best U.S. Cities since 2013. But, before permanently relocating, you should have a good understanding of the city, its culture, climate and cost of living to ensure it will be the best fit for your lifestyle.

Fortunately, Charleston has an abundance of beautiful areas to reside–from the bustling downtown homes to the beachside Isle of Palms real estate. Learn more about this flourishing coastal town in South Carolina and figure out which area your new dream home will be located.

What Is Charleston Like?

The Weather

Perhaps one of the most enticing reasons to move to Charleston is the gorgeous weather year-round. The summers may reach scorching temperatures from time to time, but the winters are mild and pleasant. Plus, with so many beaches and outdoor water activities in the area, it’s easy to escape the summer heat while enjoying all the city has to offer. On average, the temperatures usually remain between the low 50s and 70s in the fall and spring, dropping down briefly to the mid-40s in the winter and rising back up to the 80s and 90s in the hottest of the summer months. With such a temperate climate, it’s no surprise an abundance of outdoorsy adventurers and beach bums gravitate towards this sunny little city.

The Food

Charleston, SC, is one of the greatest culinary destinations in the country right now with new restaurants popping up all the time. Many travelers come to the area to experience authentic Southern cooking, but stay for the surprising variety of cuisines available from classic French cooking to Sichuan joints. Of course, if you’re looking for good Carolina barbecue, you’ll have no trouble finding smoked meats from some of the most renowned pit masters in the state like Rodney Scott, but the adventurous eater will love all the other options available for exploring.

Food in Charleston SC

Though the downtown area has the greatest concentration of high-quality restaurants, you’ll find delectable dining throughout the area–from unexpectedly divine hidden fish shacks like Bowens Island Restaurant to decadent dining experiences at places like The Obstinate Daughter on Sullivan’s Island. Believe us, you’ll never be hungry when you’re living in Charleston.

The History

Originally part of the first 13 British colonies, Charleston and the surrounding areas have a deep, rich history that spans from the Revolutionary War through modern times.

Although some of the city’s past is dark, with slavery playing a major role in the pre-Civil War economy, Charleston has become a flourishing, progressive hub of forward thinking and modernity. From the mix of historical events that can take place here, including pirate endeavors and the creation of the first playhouse in the country, there is so much unique history to learn and experience.

The Outdoor Activities

With such beautiful year-round weather, it’s no surprise Charleston is an outdoor enthusiast’s dream place to live. Avid golfers look for Kiawah Island homes for sale to stay close to some of the top-rated championship courses in the country, while others prefer the bohemian vibe of Folly Beach. You’ll find exciting things to do in nearly every corner of Charleston. Visit the Francis Marion National Forest for a daytime hike along the Palmetto Trail, a cross-state trail that extends 350 miles with the goal of expanding to 500 miles. The Caw Caw Interpretive Center is another resource for experiencing and learning more about the Lowcountry’s environment and the beautiful creatures that inhabit it. And, in Charleston, anytime is a good time to go to the beach.

Outdoor activities in Charleston SC

The Architecture

Downtown Charleston is home to some unique and very specific styles of architecture, ranging from Colonial and Federal styles to Classical Revival and even Art Deco. With more than 2,800 historic buildings, the area is teeming with unique designs and stories to match. You could spend days exploring the streets of downtown, discovering new, incredibly built houses. One of the most admired styles is the traditional Charleston Single, which is typically a two-story home featuring a covered porch off the side of both stories, a setup unique to Charleston developed prior to modern air conditioning to allow for air flow in the scorching summers.

The Best Areas to Live in Charleston, SC

If you’re still wondering, “Is Charleston, SC, a good place to live?” then you’re asking the wrong questions. Charleston is one of the most beautiful places to live along the coastline, and it encompasses so many different areas that there are plenty of different types of environments to choose from.

Downtown Charleston

Most downtown residents consist of college students, young professionals or wealthy adults, with the South of Broad area being home to some of the richest residents in the area. The remainder of the peninsula welcomes the younger population, with many young families choosing to find homes further up the neck in the Wagener Terrace area. Close to Hampton Park and filled with adorable cottage-style homes, Wagener Terrace is close enough to the action of downtown while keeping a safe distance from the noisy bars and restaurants.

Mount Pleasant

Just over the iconic Arthur Ravenel Jr. Bridge, you’ll find yourself in Mount Pleasant. In the last 10 years, this town has grown exponentially as more people fall in love with Charleston and decide to relocate here. Regardless of what area you’re in, Mount Pleasant allows you to remain fairly close to downtown while having a more suburban surrounding. There are two beaches in Mount Pleasant—Sullivan’s Island and Isle of Palms—so you have plenty of options when it’s time to hit the shore.

Mt Pleasant, SC a good place to live

For families looking to move to the area, Mount Pleasant is highly touted as having many of the best public schools in the entire state, a much sought-after characteristic. Enjoy spending your weekends walking through the outdoor town center, lounging by the beach or taking a walk over the bridge for unparalleled views of the surrounding area.

Folly Beach

Heading southwest of downtown, the opposite direction of Mount Pleasant, you’ll discover James Island, home to the charming little area of Folly Beach. Known as the Edge of America, this shoreside locale is known for being a bit more bohemian than the other beaches in the area, but nonetheless a favorite haunt for locals and visitors alike. Here, you’ll discover hidden gems of the culinary world like Jack of Cups Saloon and Chico Feo. You can opt to take a sunset walk along the pier, or drive farther down the beach to the Lighthouse Inlet Heritage Preserve, a more secluded area of the beach where you can marvel at unique graffiti drawings and the abandoned Morris Island Lighthouse.

West Ashley

This area of Charleston was named for its geographical location as west of the Ashley River, which is also directly west of downtown. This charming town has plenty to offer, including proximity to downtown and its own hopping little area known as Avondale where you can explore funky tiki bars like Voodoo and even the oldest bar in Charleston, Gene’s Haufbrau. Though this area of Charleston is mainly residential, residents have easy access to the Citadel Mall, Magnolia Plantation and Gardens and Johns Island’s Angel Oak Tree.

Park Circle

Located in North Charleston, Park Circle is a short 15-minute drive from downtown. Considered a trendy, up-and-coming neighborhood, Park Circle is home to young professionals and families. The strip of bars, restaurants and shops along E. Montague Ave. is the hub of this charming neighborhood, along with the adjacent Spruill Ave. businesses like brunch spot The Junction and the new Chinese-American joint called Jackrabbit Filly. Living in this area allows easy access to nearly every area of the city from downtown to the many beaches, while also harboring its own unique little culture of art and food.

Johns Island, SC a good place to live

Johns Island

Considered slightly more rural than other parts of Charleston, Johns Island is a gorgeous area surrounded by typical Lowcountry scenery of marshlands and live oaks draped in Spanish moss. The island itself is home to the Angel Oak Tree, what is believed to be one of the oldest living trees east of the Mississippi, as well as renowned restaurants, the Fat Hen and Wild Olive, and the charming Low Tide Brewing. From this location, you’re just a short drive to the James Island music venue called the Pour House as well downtown.

Seabrook Island

As you move farther away from the city, you’ll begin to feel more entangled in the natural landscape of the Lowcountry. Seabrook Island is only about a 45-minute drive from downtown Charleston, but offers serene backdrops of marshlands and the quiet relaxation of the barrier islands. Here, you’ll be close to the many championship golf courses on Kiawah Island, while remaining slightly closer to the city of Charleston. One of the major differences between Kiawah and Seabrook is that Kiawah is a gated community. Some people prefer this type of privacy, while others find getting guests and visiting relatives in and out of a gated community to be a bit of a burden.

For those who love outdoor adventure, this area might be a better fit as the island’s surroundings are ideal for kayaking, paddleboarding, horseback riding and much more. If you’re in the market for a boat or you already own one, the advantage to living so close to the water is clear. And, with such a gorgeous climate, you’re able to sail across the water almost any time of the year. Just imagine a New Year’s Eve sunset boat ride before the festivities begin.

Kiawah Island

As the barrier island located right next to Seabrook Island, Kiawah is similar in surroundings with lush live oaks flourishing across the island and thriving marshlands providing homes for the unique Lowcountry wildlife. For those who are interested in birdwatching or other types of wildlife observation, the island is the perfect environment for such endeavors. You can visit the Beachwalker Park or Night Heron Park to look for native species or simply enjoy the surroundings.

While Kiawah Island is a bit farther south than Seabrook, it is still under an hour from Charleston, making it possible to take a day trip into the city at any given moment. But, the island itself provides a variety of entertainment options as well as top-notch dining available at The Ocean Room and lovely cocktails at the Ryder Cup Bar. For golf lovers, this island is truly a paradise with access to five public courses and two private courses, many of which have been created by top golf designers and offer a challenge to players of all skill levels.

If you’re looking for Kiawah Island homes for sale, you’ll find a plethora of gorgeous properties that offer privacy and proximity to desirable activities nearby. Anyone looking for a slower pace of life will be attracted to the atmosphere of Kiawah.

Experience the Lowcountry Life

charleston, a good place to live

People who haven’t visited the area often wonder, “Is Charleston, SC, a good place to live?” and the answer is a resounding, “Yes.” Between the uniquely gorgeous natural landscape, abundance of activities and world-class culinary dining, what more could you ask for? If you’re thinking about relocating and looking for Seabrook Island real estate or property in the surrounding areas, consider the activities you’d like to be closest to. Seabrook and Kiawah offer the serenity of quiet island living, while areas closer to downtown Charleston provide the bustle of a small city and the promise of nightlife. Browse some of the available properties in the area and inquire with Dunes Properties to learn more about your next dream home.

New Listings in the Dunes West Neighborhood of Mount Pleasant

The upscale neighborhood of Dunes West is located in the fastest growing area on the Charleston Coast, Mount Pleasant. This community is just minutes to beaches and an easy trip to Downtown Charleston.  In Dunes West, you can enjoy the country club lifestyle with access to two pools, play areas, a fitness center, tennis courts, a crab dock, boat storage, and miles of wonderful walking trails.  The centerpiece of the community is the 18-hole Arthur Hills Golf Course for those who like to hit the green.  Interested in learning more about the great communities of Mt. Pleasant?  Contact an agent at our new Mt. Pleasant office.

New Featured Listings in Dunes West:

1780 Greenspoint Court

1780 Greenspoint DW (1)5 Bedrooms | 4.5 Baths | 4,131 Square Feet

Perfect blend of luxury and livability in this spacious quality-built family pool home in gated Dunes West. Heart of the home is a large and inviting open concept great room, breakfast area, and high end kitchen, all with beautiful, recently refinished hardwood flooring. Dream kitchen features Wolf range, Sub-zero refrigerator, beverage cooler, huge island, custom cabinetry, and gorgeous granite. This incredible living/entertaining space opens to the best in outdoor living: custom in-ground pool with automated cleaner, hot tub, travertine pool decking, screened porch, and separate deck.

1780 Greenspoint Court interior images

1780 Greenspoint Court, exterior images1780 Greenspoint Court is offered by Debbie Michael & Catherine Parker.  Contact for more information.

2713 Rush Haven Drive

001-188757-1_resampled5 Bedrooms | 4.5 Baths | 4,301 Square Feet

Located on a private cul-de-sac in one of Dunes West’s most desirable neighborhoods. Originally a builder’s personal home the current owners have made numerous improvements to include a professionally designed in-ground pool, an adorable pool house, screened and covered porch overlooking the pool and private back yard and a freshly painted exterior, completed in January, 2016. This home features Oak hardwood floors throughout the first floor living space, tile in the bathroom and carpet in the bedrooms. The open airy floor plan, with a two story living room provides natural light in every room. The large welcoming foyer provides options the minute you walk in the door.

2713 Rush Haven, interior images

2713 Rush Haven, exterior images2713 Rush Haven Drive is offered by Betty Poore.  Contact Betty for more information.

 

Family Visits Equal Falling in Love With Charleston, Again

With all there is to do in Charleston, South Carolina, it’s easy sometimes to just keep from getting overwhelmed and stay home. It can be exhausting deciding from your upteenth favorite restaurants, landmarks, stores, parks, activities, and more! But when the family comes visiting, you have to do some choosing.

When we loaded up the car with my sister and her two teenage sons, I started seeing Charleston through fresh eyes as we drove around. The beautiful points of the Ravenel Bridge among the fluffy clouds and blue sky, the excitement of seeing pelicans roosting or their vertical dive into the water for food, and witnessing a pod of dolphins swimming their way through the wake of a boat. I forget how clear the air is and that you can see for miles from nearly any point. Everywhere we went I remember saying “There’s the Sullivan’s Island lighthouse, the flags from Fort Sumter, the Ravenel Bridge, the spire from St. Philip’s Church downtown,” etc.

There is a view from almost every corner of something you want to take a photo of. There is so much American history (my sister put it so eloquently “Man, a lot of stuff happened in Charleston”) and  a feeling of “anything can happen here!” And the simplest, best, and free pleasure here is the beach. The beach kept us all, children and adults, entertained for hours three sunny days straight.

For a week straight I was overwhelmed with awe over all that is contained in this city that is really fairly small. The picture perfect beauty, the different characters walking the streets in the footsteps of history, and just all that Charleston ecompasses. The palmetto trees, the wildlife, the water, and the marshes. So much is here that is not found elsewhere. I guess you can say the same about almost every city, that there is something about it that makes it wonderful. But it’s more than wonderful. Charleston is magical. A gateway where the past, the present and future coexist and inspire.

After a week of eating copious amounts of awesome food, lounging on the beach, driving around  scoping out Army Wives filming locations, going on ghost tours, wandering around the alleys of downtown, visiting historical landmarks and more we were beat. But as my sister and the boys got into their car after a final goodbye, my husband and I thought to ourselves “We really need to do [all of that] more often.” But not after a week of long recuperative naps!

Flower box on Queen St. dowtown

Waterfront Park downtown Charleston  (beautiful on even a stormy day)

Pitt Street bridge park in Mt. Pleasant

-Rebecca Narkiewicz

I Can’t Imagine Living Anywhere But Mount Pleasant

There are so many wonderful neighborhoods in Charleston and if I knew about them all before I moved here, I don’t know that I could have made a decision as to where to live. See, I’m the just take a leap and go kind of gal. I moved here site unseen. We found a great little place in old Mount Pleasant (up a bit from the Old Village) and nearly 14 years later, I can’t imagine calling anywhere else home.

You could do man on the street interviews anywhere in town and ask what Charleston area is the best to live in and most people will rave over their own neighborhood. I’m not any different.

Mt. Pleasant Pitt Street Bridge

Mt. Pleasant Pitt Street Bridge

Mount Pleasant’s revitalized Pitt St. Bridge in the Old Village

I love that I can walk a few blocks or less to get a beer, a great sushi dinner, pick out a new area rug and fabric for reupholstering my sofa, grab a latte, have a picnic with a harbor view, buy a new outfit, hit up Pitt St. Pharmacy for a wonderful Cherry Coke or ice cream, and more! Fourth of July is awesome because I can ride by bike down to the old Pitt Street Bridge (which is now a beautiful little park- like area) and see the fireworks from the Isle of Palms, James Island, and Mount Pleasant. And before the Christmas parade that goes down Coleman, there is a fireworks display that beats Fourth of July’s.

Old Mt. Pleasant is kind of in the heart of everything- we’re close to downtown, West Ashley, and the beaches of Isle of Palms and Sullivan’s Island. It’s pedestrian and bike friendly, fragrant blooms fill many yards as you walk past you can smell them in the air, and it’s a place where people pass you by and say “Hi.” There are dogs being walked, kids riding bikes, moms and dads taking their babies for a stroll, joggers and power walkers.  Old Mount Pleasant is home and more importantly, it feels like home. I really can’t imagine living anywhere else.

New Listing at Remleys Point

Check out 120 Wando Reach Court.  Our new listing in River Reach at Remleys Point, one of the more exclusive Mount Pleasant neighborhoods. This 5 bedroom, 4.5 bath home is 4939 sqft. and just must be seen to be believed. Lots of unique touches make this a wonderful home. Offered at $2,499,000. Listed by Joe Walker and Donnie Whitaker of dunes properties®.

Contact: Joe Walker (843) 345-4510 | Donnie Whitaker (843) 607-0954

Joe  jwalker@dunesproperties.com | Donnie dwhitaker@dunesproperties.com

We're sorry, but we couldn't find MLS # 1302879 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

You Don’t Have to Be a Celebrity to Have a Destination Wedding

Charleston (and the entertainment media in general) is still abuzz about the surprise nuptials of Ryan Reynolds and Blake Lively over Labor Day weekend.  The couple was married here in Charleston at the cotton dock at Boone Hall Plantation in Mount Pleasant. The event was planned by Martha Stewart’s crew, so you know it had to be one fabulous, well done affair that we’ll unfortunately have to wait until December to sneak a peek at when the event will be featured in Martha Stewart’s Weddings magazine. The couple chose Charleston reportedly because Reynolds has a love for the city and it has become a special getaway for him and Lively.

Now you bride to be may be shying away from the idea of a destination wedding after reading “$3000 cake” or “Carnival hour” and “Martha Stewart’s crew” but a destination wedding is not just for the rich and famous.  If you are planning a wedding, look to Charleston! The weather here is usually gorgeous and even the winters are mild by the standards of most. And if you want a summer destination wedding but the idea of standing outside in the sun isn’t appealing,  the beach is a more breezy option for you, or a yacht during a coastal or harbor cruise.  There are also plenty of air-conditioned, indoor options.

And don’t forget the food. Get kitschy and rent the airstream trailer from Jack’s Cosmic Dog and treat your guests to hot dogs (and veggie dogs) with plenty of different fixins, cookies instead of cake from Charleston Cookie Company, believe or not Piggly Wiggly can make a great cake if you are minding your budget.  Or a catered mix of elegance and southern comfort food (like mac and cheese or shrimp and grits) from the likes of Cru Cafe or Good Food Catering.

Think of the wedding photography; the beach, the gardens, the harbor front, the pineapple fountain in waterfront park (I am proud to admit the pineapple has a special place in my wedding album).  The locale is beautiful, there is something for every taste from eclectic and funky to elegant to whimsical.

And the second to the commitment you are about to make to your partner, the guests! Dunes Properties vacation rental properties are a great option.  Vacation rentals are a perfect, cozier and often more cost efficient alternative.  You can make your own meals, a larger group can gather more comfortably in a living room than a hotel room which makes staying in a welcome pleasure, and the beach could be in walking distance or right outside the back door. And your guests will love that staying with Dunes Properties means a slew of local businesses will offer them discounts – Charleston SUP Safaris eco tours , Flipper Finders kayak tours, high speed boat tours of Charleston harbor with Thriller Charleston, golf at the Links at Stono Ferry, what would make better photo ops for groomsmen or bridesmaids than a day of roller skating at Hot Wheels Skating Center , horse drawn carriage tours of downtown with Palmetto Carriage Company, ghost tours with Bulldog Tours and others.   Charleston Green Taxi offers discounted transportation, and On the Spot Baby Equipment and Rentals has everything you need for little ones away from home at 10% off for guests as well. And if you just want to see where Blake and Ryan tied the knot, Boone Hall Plantation and Gardens offers $2.50 off adult tickets.

What are waiting for? Start planning that Charleston wedding!

 

Cheese Please

Last night I went with a friend to Uncorked – an unpretentious wine bar in Mt. Pleasant’s Belle Hall shopping center off Long Point Rd. Uncorked opened about five months ago. They have a wide assortment of wines, a few craft beers, a decent selection of chocolate and also cheeses.  Charcuterie is coming soon and I can only hope some olives as well.  The owner David Willis, manager William Bennett, and assistant manager Peter Demarest are very informed about their wines and cheeses and happy to share their knowledge and their opinions in a fresh, light-hearted way. In no way is this place boring or snobbish.  It’s an intimate space with a small bar, a sofa, two upholstered chairs and a few tables and chairs inside and out. It’s a comfortable, low-key and yes truly as they claim an unpretentious wine bar.  A perfect place for a first date, a girls’ happy hour, heck, I think I’d have no problem going there alone and reading a book while sipping from a glass of prosecco and nibbling on bonbons (the pecan pie and double shot latte bon bons rocked my sweet tooth).

Sit down, relax, sip, nibble and enjoy!

I must admit I have paid today for my night out at Uncorked, I have a cheese hangover.  Seriously, we ate a lot of cheese and after our chocolate plate, we decided we wanted more – the owner was extra nice and plied us with a few extra cheese options to try. I couldn’t say no. Nothing disappointed.  I don’t know when I’ll be able to eat cheese again and the mention of the word cheese is not sitting well with me today. Which is unfortunate because today I found out about THIS-

Goat~Sheep~Cow. Newly opened at 106 Church St. in downtown Charleston there is a little gem with a Parisian feel and their focus is CHEESE! I read this awesome story on one of my favorite blogs Read Charlie. They have almost 200 kinds of cheeses. Now that is my kind of crazy.  I can’t wait to go there. I think it will have to wait until next weekend, however.  When I do, I will report. But from reading the article and checking out their website, how could they disappoint any cheese lover?

Such a cute store front

Dunes Agent Helps Mt. Pleasant Receive $4000 Beautification Grant

As reported by Moultrie News

The Palmetto Pride Anti-Litter Organization recently awarded a $4000 beautification grant to the Mount Pleasant Pride Committee. This money will go to making the Public Service Department’s Six Mile Complex a beautiful and welcoming site for motorists, residents,  and recreational walker/joggers.

Patricia Fuchs, a real estate agent with Dunes Properties, is Vice Chair of the Pride Committee. We are so proud of her and her involvement in the town she calls home.  Karen Hilty from our Kiawah/Seabrook office exlaimed this when she found out the good news “I am not surprised one bit by Patricia’s accomplishments. I have had the pleasure of working with her for many years at Dunes and there is no one I would rather have on my committee; or any committee for that matter.”

We go on about Charleston being a way of life and how we love to make our visitors our new neighbors. It’s not just blathering talk. It’s the truth.  We love this city and we enjoy giving back to the communities.

Betty Poore volunteers at East Cooper Hospital, does Meals on Wheels almost every week with her mom, and devotes a lot of time to the Pet Helpers Trap and Return Program.

Toddy Poore does Meals on Wheels every week with her daughter (Betty) or sons.

Mark Mitchell and Patricia Fuchs sponsor Isle of Palms Rec Center’s children’s sports teams and Mark is highly invovled in the school board, Rotary Club, and Boys and Girls Club of the Trident Area.

Mark Fuchs is a member of the Lowcountry Business Network .

Jack Hurley through his Jack’s Cosmic Dogs has sponsored 50 children in Dolly Parton’s Imagination Library program to provide them with free age appropriate books.

Mike Parades serves as treasurer for an HOA, teaches several classes a year at CTAR, teaches for Community Associations Institute, consults local HOAs,  and just completed term as President of the Stono Ferry Mens Golf Association Board.

Linda Solomon has been a member of the Pet Helpers Annual Fur Ball committee for several years.

I could go on but suffice to say, Dunes Properties loves Charleston and we love giving back to Charleston.

The Real Estate Market in Mt. Pleasant

I did a little research this past week on the real estate market in Mt. Pleasant and learned a couple of interesting things about the Mt. Pleasant real estate market. In the local multiple Listing Service (MLS) Mt. Pleasant real estate is in two sections; properties south of Hwy 41, and properties north of Hwy 41.

The total number of homes listed for sale in all of Mt. Pleasant (both parts of MLS and both attached and detached homes) is 1159. This is a moving target, so the numbers will be different slightly this week. Of those homes listed there are 264 that are listed as contingent, meaning their under contract but area in the process of clearing those contingencies. Of these, some may not clear all contingencies and will return to the active status.  The numbers show about 18.6% of the listed homes for sale in both sections of Mt. Pleasant are under contract.

Looking at the Median Prices provides some additional information that can be telling. For the area north of 41, the Median Price for all homes listed is $450,000, while the Median Price for the homes that are contingent is $315,000. A difference of $135,000 below the Median Price for all Listed detach homes. For homes listed in the south area below 41 the Median Price is $469,950, while the Median Price for the homes that are contingent is $372,500. A difference of $97,450 below the Median Price for all listed homes.

Attached homes have a lower Median Price, but show a similar trend. In the north area above 43, Median Price is $212,200 while the Median Price of contingent homes is $199,000. In the south area Median Prices for all listed homes is $229,945 while the Median Price for contingent homes is $156,500.

In all cases, the Median Prices show that the homes under contingencies have Median Prices well below the Median Price for all listed homes, both attached and detached. Since these homes are active contingent, the Median Price reflects the listed price at the time the home was classified as active contingent in MLS. The actual price paid is not reflected in any of these numbers.

The take away is that in this market, homes need to be price aggressively or buyers will look to properties that are! Buyers have more choices and will not look at homes that are not aggressively priced. A professional real estate agent knows the local market and is in the best position to help their clients price their homes competitively for that market.

We are professional Realtors and know the market in Mt. Pleasant. If you have questions about real estate in Mt. Pleasant, or you are looking for help buying your next home, or selling your current home, call us. If you know someone who may have questions, have them call us.

Are You Thinking About a 1031 Exchange?

Section 1031 of the Internal Revenue Code is most often used in connection with the sale of real property.  If you have been in the real estate market looking for a way to invest money and defer taxes, you may have heard about ‘Like-kind exchanges’ or ‘Tax Deferred Exchanges’ as a possible means to accomplish your goals. These are alternate names for what is commonly known as a 1031 Exchange.

United States Internal Revenue Code (26 U.S.C. § 1031)

This is a simple transaction that allows you to exchange properties of like-kind and defer the taxes. The transaction is simple, but understanding the process may not be! What property qualifies? Here are a couple of examples of what does not qualify:

  • 1031(e) livestock of different sexes do not qualify for like kind exchange.
  • 1031(h)(1) real property outside the United States and real property in the United States are not of like kind.

I was surprised about 1031(e) and I’m sure you are.

This might be your 1031 “Like-Kind”.

What is the difference between a second home and a vacation home? What taxes are being deferred? How long are taxes deferred? How does this benefit me? As a buyer, should I consider entering into an identified 1031 Exchange?  Do qualified exchanges have to be simultaneous? If not, how long do I have to complete a qualified exchange?

There are many more questions depending on each circumstance and it is in your best interest to get correct answers to the questions for your circumstances and not depending on an overview to make your decision. Your professional Realtor® will be able to give information, but a Realtor® is only part of the resources you need. Your Realtor® will identify properties for your consideration. Another team member should be a tax attorney and a CPA who are experienced with 1031 Exchanges. They can give answers to how a 1031 Exchange fits into your portfolio, and how a 1031 Exchange fits into your estate.

If you are interested in a 1031 Exchange in on the Charleston Coast, contact Dunes Properties.

line