Tagged : Charleston SC real estate

There are currently 18 blog entries matching this tag.

Cruise Ship in Charleston, SCI 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.

 

1,985 Views, 0 Comments.

Well, it looks like there are going to be some changes in FHA financing coming down the pipe.  Take a look at this short video, and see how it will affect you and your final loan payment.  These changes will go into effect on September 7th, 2010.

**Not mentioned in this video is the fact that allowable seller concessions used to top out at 6%, where they are now going to top out at 3%.

Video courtesy RealPro Innovations.

2,449 Views, 0 Comments.

26 Commissioners Court - Hanahan Plantation

Take a look at this video tour of a wonderful home located at the end of a cul-de-sac.  A great location in Hanahan Plantation, the back yard borders the Goose Creek Resivoir.  A perfect home for any family, and the neighborhood affords a community swimming pool and optional boat & RV storage!

 

 


 

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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

1,702 Views, 0 Comments.

$8,000 Tax CreditI just wanted to mention to all of you first-time homebuyers out there and others looking to take advantage of the tax credit.  While there still is a little time left (59 days to get something under contract), I’m noticing something expected.  A lot of the good homes are now being scooped up at an extraordinary rate.  I was showing property to some first time homebuyers in Dunes West in Mount Pleasant, and in a couple of houses we saw other agents with buyers looking at the same houses we were.  That hasn’t happened (like this) to me in quite some time.   This is especially true in the $175-225K price range.  A lot of the inventory of homes is being absorbed.  Soon, the “stale bread” will be all that’s left.  Make sure that if you want to take advantage

1,622 Views, 0 Comments.

Updates on the Charleston Real Estate Market

Here is some updated information on the extended Home Buyers Tax Credit, as well as some statistics on how the Charleston real estate market performed as a whole for the end of 2009.  Don't forget, the First Time Home Buyers Tax Credit has been extended until April 30th, 2010.

Play the video to take a look at what the Tax Credit did for home sales in October.  Pretty staggering, really.  Signed purchase agreements were up 67.8% in October from a year ago.


 

Video provided by the Charleston Trident Association of Realtors.

1,726 Views, 1 Comments.

Happy Holidays from BuyingCharlestonRealEstate.com!It's hard to believe there's just one page left on the wall calendar - but what a full page it is! As grateful as we are year round for all that we have, the holiday season makes us especially conscious of the value of home and family and reminds us of the importance of what we do for others. It's a wonderful time to share with family, friends, and neighbors, and a wonderful time to set something aside for those not so fortunate.

You'll probably see a lot of your neighbors at some of our dazzling December events:

  • Experience Charleston's history and holiday spirit with the Charleston Tree lighting ceremony in Marion Square on December 5th from 4:30 to 6:00pm.
  • Before you pack in another holiday meal, burn off a few calories at the Reindeer Run, a festival
1,771 Views, 0 Comments.

Is the Charleston Market getting better?The Charleston real estate market has been in a slump for the past four years...When will this trend end?

Well, there is not going to be a clear-cut, definitive turnaround if you're looking for one.  Real estate, which has traditionally been a solid investment, has been jittery (at best), right along with every other market.  There isn't going to be a solid, radical change in direction in the Charleston real estate market in the immediate future.  There are just too many foreclosures and short sales coming up on the market, which are still keeping home values down.  While home values nearly doubled from 2000 to 2006, the average has fallen somewhere around 30% in most Charleston areas.

But are things getting better?

The Charleston real estate market

1,657 Views, 1 Comments.

I have been showing a lot of property in downtown Charleston on the Peninsula lately, and have noticed things seem to be a bit slow.  I was showing a property to some clients of mine and the listing agent had told me a surprising statistic.  She mentioned that downtown Charleston, on the Peninsula, has seen an increase in the volume of homes selling for the last 3 years.  She also mentioned that the Peninsula alone had a market entirely on it's own, outside of the rest of Charleston.  While I agree with her that the Peninsula has it's own market independant of other Charleston areas, I was floored that the market on the Peninsula saw an increase for the last 3 years.

I decided to delve further into the MLS and find out for my self the performance of the

1,501 Views, 1 Comments.