Charleston SC Real Estate 
News and information about the Charleston, SC real estate market.
There are currently 21 blog entries related to this category.
Charleston Real Estate Market Update
Tuesday, October 18th, 2011 at 7:41am. 163 Views, 0 Comments.
Random Thoughts and Statistics for this Charleston Real Estate Market
Here are some statistics for you regarding the different areas surrounding Charleston. Remember- every market is different, and every market in each area surrounding Charleston is also different.
Random stats from last week:
- 165 residential properties under contract past wk. Great buying activity for time of year. But prices continue to fall (like the rest of the real estate markets around the country).
- 136 single family homes under contract past wk. Median LIST price $180k(low), $94/sqft. 25 under $100k. 7 over $1M.
- 37(27%) of 136 single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
- 17 island single family homes under contract past wk:…
Just Sold Another One- 52 Smith Street Charleston, SC
Friday, August 12th, 2011 at 8:46am. 532 Views, 0 Comments.
Just Sold on the Peninsula, downtown Charleston 1.8 million
Even in the difficult market of 2011, we are still selling houses in Charlestion. This truly is a unique property, and in one of the finer areas on the Charleston Peninsula. I was fortunate to have exceptional clients.
Here is the writeup on the home:
Circa 1850, 52 Smith Street is enviably located in the heart of Harleston Village on the corner of Smith and Montague Streets. Over the past five years, the interior and exterior of this home have been meticulously renovated and restored offering all of the modern amenities while preserving its traditional style and grace. Natural light fills the grand interiors of the home, accenting the original heart pine floors and beautiful architectural…
Folly beach house just SOLD on West Ashley, Folly Beach SC
Monday, May 9th, 2011 at 4:21pm. 643 Views, 0 Comments.
Another Folly Beach Home Sold...
302 W Ashley on Folly Beach for $410,000. A super price for our buyer, for being across the street from the ocean.
Classic beach bungalow situated on a corner to corner lot, directly across the street from the Atlantic Ocean. Ocean views from the large screened in porch, family room, and master bedroom as well. Across the street is the small park, so there won't be another large beach house stealing the view.
If you are interested in selling your Folly Beach home, or would like to view beachfront Folly Beach homes for sale, please let us know.
Top 10 Most Expensive Homes Sold in Charleston for 2010
Wednesday, March 30th, 2011 at 11:21am. 1178 Views, 4 Comments.
There certainly are some unique and incredible properties in the Charleston, SC area. We have such a fantastic city rich in history and culture, all while being along the Atlantic Ocean. I thought this might be quite interesting to show you the most expensive homes that have sold in the Charleston SC area for 2010. So here they are, the top ten most expensive homes sold in Charleston, SC for the 2010 year. Which one is your favorite?
#10 78 East Bay St. This is the only townhouse or condo on our list. This townhome is located South of Broad on the Charleston Peninsula, downtown. The home was built circa 1800. Waterfront views and breezes from the Charleston Harbor. This townhome was listed at $3,750,000 and sold for 3.3 million. It had been…
Has the Local Increase in Cruise Ships Turned Off Buyers?
Wednesday, March 16th, 2011 at 12:40pm. 496 Views, 0 Comments.
I have seen an increased presence of cruise ships on the Charleston Peninsula lately and wanted to share an article I found in the Post and Courier. This was written by a local Realtor here in Charleston, and I wanted to share their viewpoint on the matter.
You've all heard the saying, "Change is inevitable; growth is optional". I know that this increase in cruise ships will help the local economy downtown. But at what point are we slowly chipping away at the character of the Peninsula? There seem to be valid arguments from both sides, but I know where I stand on the issue. Standards and/or regulation is key.
You can view the article here.
Sellers: How the HAFA Program can help with Short Sales
Monday, March 7th, 2011 at 3:15pm. 454 Views, 0 Comments.
The Home Affordable Foreclosure Alternatives (HAFA) Program is a program designed for sellers that are upside down in their house. This program is for those folks that have contemplated selling their home as a “Short Sale” rather than allowing for foreclosure. So how does it work?
The benefit of this HAFA program is that you would no longer be responsible for the difference between what you owe on your mortgage and the amount that your home sells for. You see, in South Carolina, most banks would order a deficiency judgment against the borrower for the difference in what the home sells for, and what is owed. The HAFA program would be the contrary. Sellers would also receive $3,000 at closing as an incentive to selling as a short sale, as opposed to…
Absolute Auction Tomorrow in the Old Village, Mount Pleasant!
Friday, February 11th, 2011 at 8:14am. 570 Views, 2 Comments.
426 Bank Street Absolute Auction
Sold to the highest bidder! What is the minimum? Answer: THERE IS NO MINIMUM. The highest bidder gets the house, that's it. This is an ABSOLUTE auction meaning if the highest bidder is $17, the house sells for $17.
Come see this Absolute Auction tomorrow, Saturday Feb 12 at 11:00am
PROPERTY DESCRIPTION: This classic Old Village cottage is practically new as almost everything is new down to the studs. The kitchen is new with granite, cabinets and stainless. The baths are redone with top end cabinets and new tile and fixtures. All the hardwoods have been impeccably refinished and the exterior has hardiplank siding, new windows, roof and it’s all a short walk to the Charleston Harbor, Old Village parks, the Mount Pleasant…
The Latest Charleston Real Estate Statistics from January to August 2010
Thursday, September 16th, 2010 at 12:31pm. 386 Views, 1 Comments.
I've linked the latest stats below. All areas from:
- January-August '09 vs. January-August '10
The good news is that overall number of transactions has increased by 15.2% year to date and median sales price has increased 1.9% year to date. The bad news is the year to date number of transactions was up 30% at the end of June and 20% at the end of July. It is still up 15.2% but seems to be dropping and likely headed for a 10% gain by the end of the year. We had 8100 closed transactions in 2009 and will likely have between 8800-8900 transactions in 2010. Overall inventory has dropped, but not significantly. We still have over 12 months of inventory.
More good news is that some specific MLS areas have significantly out-performed the overall market. I have…
Buy a 120 acre Island in the Town of Sullivans Island for Under 200K?
Tuesday, May 11th, 2010 at 8:48am. 563 Views, 0 Comments.
Well this listing is definitely intriguing. It is an Island for sale on the Intracoastal Waterway (ICW) only a stone’s throw from Sullivans Island and the Isle of Palms. It is 120 total acres, and it is only listed for $199,000. Yes, you can own your own island for under 200K, with 1,800 feet of deepwater frontage on the ICW. A one minute boat ride to the Atlantic Ocean. After all, when buying real estate- it’s all about the location, right?
But before you start faxing me offers within the next 3 minutes, let me give you an explanation for the low price.
For one, it is 120 total acres- but it is 4 acres of high ground. Anyone purchasing real estate knows that the “high ground” number is what is very important. Because this is the area that one would…
An update to the Charleston, SC Real Estate Market
Friday, April 30th, 2010 at 1:34pm. 430 Views, 0 Comments.
Here are some random thoughts on the market. Instead of just keeping them to myself, I wanted to share. Sorry for the short, rambling thoughts...
Good news:
First quarter 2010 statistics:
MLS sold units are up 10.3%
1591 homes
New listings are up 5.3%
Active inventory (homes on the market) 3/31 is down 6.4% (great!)
9,036 – lowest in 4 years
Supply and demand ratio improving
Still needs to be half – 15 months supply
Won’t happen for awhile – REOs and Short Sales
Prices
National media positive for Charleston
Lifestyle, new jobs
First quarter compared to 2009
Average sales price - $275,000 – up 9.1%
Median sales price - $189,000 – up 4.7%
On surface, positive news but let’s understand the numbers
Not address to address appreciation … impacted by
some exceptional values in…
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