Happy 2010 to all of you and your families! I hope it has treated you well thus far and that you are well into your exciting plans and resolutions for the New Year. It’s been a busy (and somewhat frigid) start to 2010 and the general feeling around town is positive. I am excited to work with you this year! If you know anyone who wants to visit Charleston or move here, please pass my name along to them. You know I love to show people my favorite town. In this January issue, you’ll find a new section called “Best Deals”. Be sure to check the latest on my blog Charleston InsideOut.
Kindest regards,
Kristin Walker
February Events
Having just wrapped up Restaurant Week in Charleston – where you can have three courses for $30 at most of the great restaurants in Downtown Charleston, we are looking forward to February, which is the start of our Festival Season (which runs through July). The season kicks off with the Southeastern Wildlife Exposition from February 12-14 and for the more musically inclined – check out the Southern Comfort Blues Bash, a 10 day celebration of Blues music from February 5-16.
Charleston in the News
From Portfolio.com, Charleston has been ranked #4 in the US as a top place to start a new business.
Charleston forges ahead on the Union Pier Plan
Union Pier is the area on the waterfront between the SC Aquarium area and Waterfront park. With the coming of additional cruise ships to Charleston, this area and its renovation is among the hot topics with the locals.
Charleston one of top 5 markets expected to rebound in 2010
December 28, 2009 – From SmartMoney Magazine, Charleston has been listed as 1 of 5 real estate markets expected to fare well in 2010.
Charleston County Foreclosures up 10% in December
January 14 – Great news in the article above. But then there’s the ever-threatening bad
news. We have no idea how foreclosures are going to affect the 2010 market – though
I can say they will be bad for sellers, but great for buyers.
Currently, in Downtown Charleston, the only properties on the auction
docket are condos, though what will happen this spring remains to be
seen.
Downtown Charleston Market Statistics for December
This link will open as a PDF! What I find most remarkable is the change in sales – up 450% over last December. It’s hard not to go up when you’ve hit rock bottom.
While there aren’t always properties
available that I consider to be a ‘good deal’, I thought I’d start this
section to post them when I find them.
Best 1-2 Bedroom Condo under $300,000
This condo sold in 2005 for $395,000, and since it
came back on the market has been reduced $200,000. It’s hard to get a
great 1BR under $300k, much less a 2BR in a fantastic location.
2825328 – Details: 55 ASHLEY AVE, #3, CHARLESTON, SC – $298,000
Best 2 Bedroom Condo above $300,000
Even today, pricing for a new construction 2BR condo
in the heart of Downtown will run you at least $550,000 and on up.
This top floor condo at 76 Society St is coming up for auction very
soon with a bid price of $511,704. Other comparable condos in this
building sold in the past two years for an average of $787,000.
2900948 – Details: 76 SOCIETY ST, #44, CHARLESTON, SC – $775,000
Best Rental Property
This single home plus carriage house has monthly
income of $2850 and is in a great location, convenient to all the
schools and King St. It IS a short sale however so negotiating with
the banks might take some time.
2810155 – Details: 19 DUNCAN ST, CHARLESTON, SC – $350,000
Sold Downtown December 21, 2009 – January 21, 2010 (and another 55 are currently under contract)
Please note that if you’d like details for other areas, just let me know and I’d be happy to pull them for you.
2926321 – Details: 33 PITT ST, #1, CHARLESTON, SC – $174,000 2910734 – Details: 80 SOCIETY ST, #A, CHARLESTON, SC – $228,000
2917606 – Details: 33 PITT ST, #3, CHARLESTON, SC – $250,000 (My listing!)
2904223 – Details: 63 GADSDEN ST, CHARLESTON, SC – $250,000
2926058 – Details: 30 MARY ST, #3, CHARLESTON, SC – $252,000
2924535 – Details: 150 BEE ST, #608, CHARLESTON, SC – $329,900
2927389 – Details: 48 RADCLIFFE ST, CHARLESTON, SC – $352,500
2822111 – Details: 67 LEGARE ST, #103, CHARLESTON, SC – $375,000
2930489 – Details: 330 CONCORD ST, #18C, CHARLESTON, SC – $465,000
2736022 – Details: 6 WENTWORTH ST, CHARLESTON, SC – $820,000
2917015 – Details: 330 CONCORD ST, #17C, CHARLESTON, SC – $850,000
2905328 – Details: 106 KING ST, CHARLESTON, SC – $865,000
2913497 – Details: 61 TRADD ST, #1/2, CHARLESTON, SC – $900,000
2826418 – Details: 32 TRADD ST, CHARLESTON, SC – $975,000
2815479 – Details: 7 STOLLS ALY, CHARLESTON, SC – $1,200,000
2834215 – Details: 50 LAURENS ST, CHARLESTON, SC – $1,225,000
2915290 – Details: 32 PRIOLEAU ST, #J, CHARLESTON, SC – $1,480,000
2922790 – Details: 3 LEGARE ST, CHARLESTON, SC – $1,500,000
2910269 – Details: 85 TRADD ST, CHARLESTON, SC – $1,565,000
Or Click Here to go view all listings at once.
