Charleston Real Estate

Real Estate in The #1 City in the World!
April 29th, 2015 3:03 PM

Well, Charleston continues to get accolades from everywhere, whether it be about the historic appeal, the food, the people, or the housing market. A friend of mine puts out a newsletter at the beginning of every month and I thought I'd share this months' newsletter with you. The following is an excerpt from it;

"The weather is simply spectacular and it’s a great time to enjoy the greatest city in the world.  May brings one of Charleston’s premier events in Spoleto.  But there’s also the Greek Festival and the North Charleston Arts Festival among others.  Here’s a calendar:



1-9 - North Charleston Arts Festival

2 -  Fleecing of the Sheep, Middleton Gardens

2 -  8th Dragon Boat Charleston Festival

2 - 39th Lowcountry Shrimp Festival, McClellanville

3 – Bands, Brews, and Burger Throwdown

8-10 – 45th Greek Festival, Greek Orthodox Church on Race Street

May 22 – June 7 – Piccolo Spoleto and Spoleto USA


North Charleston Performing Arts Center:

5 – Ryan Adams

7 – Marvin Sapp

9 – K Michelle

11 – Pixies

12 – Old Crow Medicine Show

19 – Beck      


Charleston Music Hall:

1 – Leo Kottke

2 – Elise Testone

7 – Town Mountain and Barefoot Movement

9 – Pat Conroy

10 – Ani DiFranco

15 – Marc Maron

16,17 – Cinderella Ballet

30,31 – Beauty and the Beast Ballet



The Charleston real estate market just set a record for the 4 busiest weeks of buying activity in our history.  We’ve only had a handful of weeks ever where over 350 residential properties went under contract and we’d never had over 400 in one week.  Well, the last 4 weeks saw 439, 397, 421, and 399.  Wow!!  Inventory is fairly low and it can be quite difficult to find a home that fits a buyer’s needs.  Some of the better agents are being proactive and asking other agents to let them know if they’re about to list a home that matches their buyer’s needs.  Many frustrated buyers are opting for new construction.  As I’ve mentioned recently though, prices are rising at only a moderate pace.  Overall, our $/sqft prices are still 5-10% below where we were at the peak in 2005-2007, and that was 10 years ago.  So, we still have a lot of room for much more appreciation.  Our median sales price is now about $220k, but statistical analysis shows that we should be at around $250k, more proof that we still have plenty of room for appreciation.  Credit is available, but it takes a lot more than fogging a mirror now.  You have to have good credit scores, good employment, and the determination to work through the process.  The lenders have been given a lot of new rules to follow to prevent what happened in 2007."

Well, there you have it. Nothing to add except "why aren't you here?" Contact me today so I can assist you in relocation to this most beautiful part of the world. Not only am I a Realtor/Broker, I am also a Certified Real Estate Appraiser. So I know the true value of a property, not just what the seller is hoping for! Call me today @ 843-345-8506 to get started in your search.

It's a beautiful day here in Charleston, SC. I hope it's beautiful where you are! 

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Posted by Joseph Kavanagh on April 29th, 2015 3:03 PMPost a Comment

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