Looking to buy a condo in Downtown Charleston or Mount Pleasant? Know the market first.

For many a second-home buyer, or even first-time homebuyers and downsizers, condos or townhomes are great options considering they can be lower maintenance then single family homes and often they are less expensive. Let’s look at two very different markets – Downtown, and Mount Pleasant inside of the IOP Connector. In both, the median price of a condo/townhome is about...

A Real Estate Tale of Three Cities – Charleston, James Island & Mount Pleasant

Let's take a look at what's happening in the real estate market in three locales: Downtown Charleston (south of the Crosstown), James Island (technically mostly also Charleston), and Mount Pleasant (south of the Isle of Palms Connector). The Spring selling and buying surge is over, and the numbers that tell a tale are in....While the Charleston market overall is basically level compared to last year, we are seeing some changes by area, and while these three areas are vastly different, I think it's interesting to see what is going on in each, all influenced by local and external market forces.

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. The term illegal seems a bit harsh, but the truth is, only a handful of properties in Downtown Charleston have been legally permitted for short-term rentals for years -

Update: Anson House Condo Auctions

Update May 31, 2012 – These three condos sold yesterday/today – two of them were bid on at the auction but the bids were not accepted. So here’s your baseline folks. The owners won’t sell for less than this. 1011905 – Details: 2 LAURENS ST, #3F, CHARLESTON, SC – $605,000 1011943 – Details: 2 LAURENS ST, #2B, CHARLESTON, SC – $761,000 1011950...

Want to buy a home for $200,000 less than List Price? Here’s how.

I hear this all the time. I SAY this all the time. “That house is overpriced by $X! They’re crazy if they think they can get that amount for their house! Well, I never!” But does it really matter? Not to you as a buyer. If a seller wants to go ahead and put a silly or inflated number...

It’s a Miracle in Midtown

Update 6/16/2011 – All but two of the properties in Midtown have sold and one is still under contract. 26-A Cannon is available, and 212 Coming St just came back on the market. I LOVE this one. It’s over 2000 sq ft with terraces and a roof deck. 1009099 – Details: 212 COMING ST, CHARLESTON, SC – $499,000 The Midtown...

Demand for Walkable Neighborhoods is on the Rise

In the June issue of The Atlantic, author Christopher Leinberger discusses the rise in demand for walkable neighborhoods around the country. Here on the Charleston Peninsula and in a few other neighborhoods around the area – we ARE walkable and have been since inception, thus I suspect the demand for homes around here will rise. These neighborhoods have experienced much...

UPDATE: Charleston Peninsula Homes up for Auction

UPDATE 12/9 – 169 Rutledge came on the market for $875,000, higher than my bet, but was taken off the market one month later. 30 Montagu did not sell at auction, and came back on the market today for $994,600. UPDATE 11/6 – 92 Smith St just came back on the market for $449,000. My original bet was $450,000! (see...

Charleston Peninsula Real Estate