Market Analysis

Will the new Short-Term Rental Ordinance change the Downtown Charleston Real Estate Market?

Will the new Short-Term Rental Ordinance change the Downtown Charleston Real Estate Market?

As of July 10, 2018, the City of Charleston’s new short-term rental ordinance goes into effect. After a proliferation of illegal rentals marketed via platforms like AirBnB and HomeAway, the City and neighborhood groups decided a set of rules and a structure to manage and monitor them would be beneficial to most who live here. I for one am glad....

Tracking 10 Years of the Real Estate Market in Charleston

Every day I am asked the question – do you think we are in a real estate bubble? How much do you think values will rise over the next few years? Will there be a crash?? I wish I could have a magic looking glass, but I’ve been instructed never to make predictions. However, I can give you some key...

median house prices charleston sc

Solving the Mystery of Charleston Median Home Prices

Zillow says Charleston Median Home Prices are $234,700. BestPlaces says it is $212,000. Even Forbes is claiming it to be $219,800. So, who would blame you for thinking Charleston is quite affordable when you are envisioning your future move here? Close to the historic center, close to the beaches, for under $250,000….you can’t get better living than that. Unfortunately, those...

Downtown Charleston Median Prices are Smokin’ Hot

Here’s a little statistical play for your Monday. Today we received October numbers from our Charleston Trident Association of Realtors and no lie – it’s been a pretty strong fall. In many areas of the country, activity peters off from the summer until the following spring, but around my #1-in-the-United-States pretty urban center, lots of people like to buy homes...

Spring Sales Stats from the Sweetest of Southern Cities – Charleston

Spring has sprung, it’s sunny and seventy-six, the skies are cerulean, and glee is in the air (as well as lots of pollen). It just makes me feel a bit giddy so please¬†forgive my Fun-with-Alliteration. ūüôā ¬†But let’s get serious about the spring real estate market in Downtown Charleston. ¬†Have we been hampered by the Polar Vortex? By the sometimes...

Luxury Home Sales in Historic Charleston are WAY Up (or are they?)

Well, some of the homes in the $960,000+ range in Historic Downtown Charleston might not be considered luxury like the one above. Maybe they are small in a great location, or fixer uppers, or just not up to your own particular definition of ‘luxe’, but I think we can all agree that most would consider homes starting just under $1,000,000...

What is going on with home sales on the Upper Peninsula??

A whole heck of a lot. That’s what. The Upper Peninsula is defined as the area North of the Crosstown (Highway 17) and South of Heriot Street (basically) and includes the neighborhoods of the Westside, Hampton Park Terrace, Wagener Terrace, North Central, Longborough, Lowndes Pointe and parts of the Eastside. Home sales in this area recently have been out of...

Charleston Shines in 2012 so What’s on Tap for 2013?

As we enter our first full week of 2013, I thought I’d take a look back at Charleston in 2012. Really, it was quite a banner year for us for a myriad of reasons! Our economy boomed, the real estate market turned around, we received accolades galore and 2013 looks even brighter. ¬†So take a look at my lists and...

Houses in Charleston are in High Demand – A Good Home is Hard to Find

You all know I like to use numbers to tell a story…And the story is this. ¬†There are very few homes to choose from in the Charleston metro’s most popular neighborhoods – both ON the Peninsula, and in the surrounding areas. ¬†If you are interested in buying a home in one of these neighborhoods in one of the ‘hot’ price...

It’s a Seller’s Market in Harleston Village

It's a Seller's Market in Harleston Village - the most family-friendly neighborhood in Downtown Charleston. With only 4 months of inventory on homes and townhomes, many of which are fixer uppers or geographically challenged, it's tough for Buyers and getting easier for Sellers. With 17 properties already under contract, let's look at the 32 places on the market right now...

Greg Rand recommends Charleston on FOX “Where to Invest Now” – I say “What???”

It’s not that often that Charleston is singled out as a perfect place for a real estate investment thus I thank Mr. Rand for his segment on our gorgeous city. ¬†We know it, we feel it, so it’s nice to have outside acknowledgement. Mr. Rand outlines all the attractive factors: High Job Growth 7.1% Unemployment Good Quality of Living The...

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