Upcoming Problems in the Charleston Real Estate Market?

The selling market in Charleston right now is incredibly good.  We have been on a tear in most of Charleston with available houses for sale (inventory) being really low.  Which of course keeps demand high, and increasing prices.  Coupled with so many folks moving to Charleston in search of a home, things have been fantastic for home sellers.  Fortunately, most lowcountry residents have been able to take advantage of this through the years with your home value skyrocketing!

But...  Are we topping out right now?  We've been talking in the real estate industry about home insurance premiums almost doubling for some homeowners and the Fed raising rates again this year.  I've read potentially 2 more times this year.  Which would of course continue to make…

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Buyers are Tired of This Sellers Market- And They Are no Longer Going to Take it!

What an incredible whirlwind the Charleston real estate market has been lately.  Little home inventory on the market, multiple buyers, sellers calling the shots- all of it...loved by sellers, but hated by buyers.  Well I think it's finally time to let you know that...

BUYERS ARE NO LONGER GOING TO TAKE IT.

We are actually seeing a change in the market from as early as 6 weeks ago.  You see, we've been in a sellers market since the onset of Covid.  No surprise there.  And because Covid has hit us so hard- sellers were not showing houses in the spring of 2020.  So there was a lack of available homes for a large portion of 2020.  Not to mention that after Covid- folks from NYC, Ohio, and California were all leaving large cities and coming to…

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How do I find out about the local areas in Charleston, SC?

So if you are not from Charleston, South Carolina and are making a move to this wonderful city- how do you navigate the subtle but sometimes drastic differences between the areas surrounding Charleston? Because each and every area within Charleston has its own vibe. Its own personality, and subculture.

Most people moving to Charleston have an idea of what they’re looking for.  Whether they’ve created this idea/potential reality over the span of a number of years, or whether they’ve gone back to their roots and would like to live in something similar to their childhood home- we all have our own ideas of a perfect place to live.

But how are you expected to move to a city where you don’t know anyone, and don’t know the difference between living in…

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68 1/2 South Street, Downtown Charleston, A Beautiful house!

What a beautiful new construction house located close to Meeting Street and Upper King Street. Walk to your favorite coffee shops, restaurants, and anything downtown. This house has all of the extras, and with the largest advantage being that this house is NEW. Not 100 years old, 200 years old- but up to today's new construction codes, energy efficiency, and high city standards.

No expense spared in this 3-story Charleston single designed by renowned local downtown & Kiawah architect Ashley Jennings. This has all of the old-world charm of Downtown Charleston- plus all of the modern conveniences in today's world.

The big thing about this house is the real estate investment.  This location is ONE BLOCK away from multi-million dollar homes in…

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What about Coronavirus and the Charleston Real Estate Market?

If you would have told me last year that the entire world would be shutting down due to a virus in 2020- I would have said you are either delusional, or I would have feared some sort of doomsday apocalypse (or both).  And yet, here we are.

Now that we are past the initial phase/stage of infection, and on to the second stage- let's take a look at where we stand in all of this with Covid 19.

Many of you are wondering how Coronavirus will affect buying or selling a home in this Charleston real estate market.  Short term- things are humming along, and have been.  We are doing much more online marketing, online virtual showings, and of course plenty of online meetings.  It is still an absolute sellers market right now with a low number of available homes…

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Is the Real Estate Market in Charleston, SC Cooling Off?

"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 Number 1 Mistake Realtors Make When Selling Your House

Selling your house in Charleston? You have 1 shot to get it right

Looking to sell your house on your own, or looking specifically for a Charleston Realtor?  Regardless of which path you are going to take, you need to have an exceptional plan in place, in order to sell your house.

• Who are you going to hire?
• What's your timeframe?
• What kind of marketing will be done?
• How are you going to stand above all the house-for-sale "noise"?

What I'm going to write about today is only ONE POINT in marketing your house.  And that is, marketing your house online PRIOR to getting the house on the market.  Yes- that's the magic pill.  The pill not taken certainly by MOST realtors.  Why?  I honestly don't know.  It is such a large mistake.  I…

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What does your house mean to you?

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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Is winter the best time to sell a house in Charleston?

So you are thinking of selling your house, but don't know when the best time to sell might be.  You hear it often from realtors or friends at dinner parties- that "Spring is the best!" or, "Summer is red hot".  Sure, those could be the best selling times, but you have plenty of other options, that might even be better than those times, and here's why.

Most of the time, there are other factors and circumstances that surround your decision making regarding selling.  Whether is is a new job, a relocation associated with a job change, an end of a rental lease, etc.  Even if you could time it for the best month (April?), you may not even have the ability to do so.

In light of this, here's my argument why the winter might be the best time to sell for…

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The most expensive home in Charleston, SC right now

Here is the most expensive home in Charleston, South Carolina

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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