Buying a Home in Charleston, SC

Buying a home in Charleston, SC.

There are currently 58 blog entries related to this category.

"Hey Mike, how's the market been lately?"  I get this question asked almost every day I encounter someone I know out in public. I can equivocally say without a doubt, that "It depends". It depends on which micro-market you're referring to in Charleston, and whether you are a seller, or a buyer.

Hello all, I'd like to post a quick update on our real estate market here in beautiful Charleston, South Carolina. We are seeing some changes, and there are talks of the market cooling off, and I wanted to respond to that.

The real estate market has been on fire for a number of years in Charleston. Year-over-year of increased home values and closings. A low inventory of homes on the market, which equates to less choices for buyers, which increases demand, and

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The perfect house, yours!When I pull into my neighborhood, I feel at home. As I drive in, I see my neighbors walking their dog, walking with their kids, and kids riding their bikes with friends. I know these people, they are my neighbors. I make it a point to wave to them, to talk to them, and to engage with them.

As I turn into my driveway, I look at my yard. I love my yard. I’ve worked on it, it’s tough…but worth it. Cutting, edging, blowing, trimming and planting my favorite plants and shrubs. But it’s mine!

I walk up my front porch and turn the doorknob to my house. It’s unlocked. It probably shouldn’t be, but I know it’s fine. It’s safe. I walk in the door and my dog barks and barks (too loudly) and greets me. Talk about unconditional love! My kids are playing in the

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Due diligence in South CarolinaWhen you make an offer on a home in Charleston- or even South Carolina, there are different contingencies that should be apart of any real estate contract.  Typical contingencies such as a home-sale, financing, appraisal, and inspection contingencies.  So what about due diligence, where does that fit in?

Regarding the home inspection contingency in paragraph 8 of the South Carolina contract, you typically can go one of two ways.  Either a Repair Procedure, or a Due Diligence Addendum.

The repair procedure spells out how long you have to complete any home inspections, but it specifically states in the contract which items are to be addressed.  Typically, these are major home items/systems such as Heating & Air systems, plumbing, electrical systems,

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New Charleston MLS Listings

New home listings in Charleston

These are NEW real estate home listings in Charleston, that are JUST LISTED on the market.  I'm sure there are plenty of you out there, tired of seeing dated information on Zillow or Trulia.  Well, this website has a direct feed to the Charleston MLS system, so all listings are update multiple times a day, and are brand new!

  • Updated all day, every day
  • New listings only. Those 7 days old or older are removed.
  • Only listings that have come on the market right away.

These are typically the best deals for investors, and for home buyers as well (being new listings).  In this market, you have to beat out the other competing buyers, so get a jump on the competition!

Access the NEW listings here

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Here is the most expensive home in Charleston, South Carolina

Legare Charleston House 

So I was up late last night viewing our Charleston MLS, and decided to do something fun.  Just like many of you searching for homes out there, I was just browsing different types of houses, types of land, foreclosures, etc.

You see, one of the great perks of being a realtor in Charleston (as you can imagine) is having access to all of the houses on the market here in Charleston, and all of the neat ideas that homeowners think of when decorating their house. Kitchen ideas, bedroom or master bath ideas, etc.  But not to get off topic too much- as I was looking through all of the home listings I decided to look up the most expensive house house in Charleston.

I knew it might be quite

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Are We in A Sellers Market in Charleston?

Let's take a look at the recent statistics that have come out regarding the Charleston real estate market.  A few notes to consider and look at:

The "Sellers Market" areas are highlighted in yellow and have increased in the below $250,000 ranges, indicating an average of 4month absorption rate and the $250,000-$500,000 ranges indicate an average of 5month absorption rate, based on the recent past sales history.  See below:

Recent Charleston Home Sales Click Here to download the PDF for better viewing.

 

The following is the latest Quarterly Report for Charleston shows the latest residential statistics for the Tri-County area of Charleston:

Residential Housing Charleston Market

 

The Supply and Demand - shows below the $450,000 price range there is more

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We Have a New Look!


Our Website Has Had a New Makeover

We've enjoyed providing a great website for buyers to view new home listings for the Charleston real estate market for many years now, and now we're even more excited to unveil our new look!  With how quickly technology catches up to you- before you know it, it's time to update- and so we did.

The new website has the latest technology for buyers and sellers alike, with great features such as:

  • A completely separate mobile platform.  While this website is a "responsive design" and will automatically resize to the device you're using- we also have a separate mobile site for phone users on the go.  It'll actually pull up the houses nearest you, wherever you are, right on your street (with interactive Google
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Mount Pleasant Towne Centre near neighborhoodsSo if you had to choose the best Mount Pleasant neighborhood to live in, where would you choose?  First of all, I already know that we’d all like to be as close to downtown Charleston as possible, and either live on the water, or have water or marsh views, correct?  Or how about finding that perfect charming house in The Old Village at a reasonable price or even a steal?  I’ve been living here for over 30 years and I can tell you that the secret is out about Mount Pleasant, and there are no “steals” for Mount Pleasant neighborhoods close to town.  Good deals, yes- but steals are hard to come by.

If you’re not from the area, say from out of town- it might be somewhat frustrating with all of the choices.  Especially if you are relocating to Charleston and

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Home sales in Charleston, South Carolina are up from 2012, which means great news to buyers and sellers alike! For those sellers looking to sell their house in Charleston, the market proves a shorter time on the market, and sellers are fetching a higher contract price.

Buyers are excited to see these results as well, since they are looking at purchasing what might be their most important investment. The real estate market for Charleston looks great for the immediate future.

2013 vs 2013 Charleston home statistics

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Here are some quick stats for the Charleston real estate market for the mid-year point of 2013:

  • The market is up compared to 2012 across the board (with a few exceptions) - # of homes sold, median sales price and $$ per sq ft. 
  • Closed Sales are up 23% over last year and up 35% over 2011.  Closed Volume is up 32% over 2012 and up 52% over 2011.  Median Sales Price is up 8% over 2012 and up 13.5% over 2011.
  • For the Tri-County area, below $350,000 there is more demand than supply, with generally a 3-4 month absorption rate.
  • Foreclosures for Charleston are down 24% from Jan through June vs. last year at the same time!

Year to Date 2013 Housing Market Data
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