Market Analysis

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...

Wagener Terrace Home Sales Triple (and median price is up 20% too)

Well. There you have it.  For years I have been saying that Wagener Terrace is a neighborhood on the rise, possibly one of the coolest neighborhoods in town because of its proximity to the heart of Downtown Charleston, its great people, and its relative affordability. And the people have been listening. 🙂 I checked the sales numbers from January 1...

Radcliffeborough, Midtown and Morris Square are hot to trot!

Update 3/14 – And two more properties just went under contract! 1204826 – Details: 67 RADCLIFFE ST, CHARLESTON, SC – $139,000 2924994 – Details: 66 VANDERHORST ST, CHARLESTON, SC – $649,990 ______________________________________ Recently I listed a great house in Radcliffeborough at 11 Marion St and promptly went on vacation three days later (with laptop in tow of course!).  As Murphy’s law would...

The Charleston Area Real Estate Market 2005-2011: The good, the bad, and the truly horrifying…

The Charleston Area Real Estate Market 2005-2011: The good, the bad, and the truly horrifying…

As you know dear readers, every once in a while I like to run some numbers, because just like photos or videos, they can tell you an interesting story.  For this look back at the Charleston real estate market over the past 7 years, I looked at 6 different areas, and tracked the sales volume, the number of sales, and...

Under contract in 45 days or less? You betcha

Under contract in 45 days or less? You betcha

Update 12/16 – 18 Elliot sold for above asking at $703,000 and 316 Grove sold for $505,000. ———————————————– In the past few months I have noticed a selection of homes and condos on the Charleston Peninsula come on the market, then go under contract in 45 days or less. These are not just bank-owned ones which are obviously priced to...

Forbes & Trulia say Charleston is #3 Ranked City in U.S. Where People are House Hunting

Forbes & Trulia say Charleston is #3 Ranked City in U.S. Where People are House Hunting

Yes, that title is a mouthful, but I caught this interesting report on MSNBC that says Charleston is #3 after Bradenton-Sarasota, FL and Riverside, CA when it comes to number of out-of-towners looking to move to Charleston vs locals searching to leave. Regarding the study conducted by Trulia.com, MSNBC says “The result is an index, called the Metro Movers Report, suggesting which big...

Wagener Terrace Market Update – The 200K-300K Price Range is HOT

Wagener Terrace Market Update – The 200K-300K Price Range is HOT

You know my mantra.  Do not look at general statistics for an area to determine whether or not a market is hot.  You have to look at the neighborhood and your specific price range.  Before we discuss Wagener Terrace, remember here are some other areas that I have said are hot. Longborough under $500,000. (Only one available) Midtown (none available) Hampton...

Why the Wall Street Journal and Zillow are Dead Wrong about Charleston

Why the Wall Street Journal and Zillow are Dead Wrong about Charleston

An article in the Wall Street Journal came out recently entitled Linkage in Income, Home Prices Shift, outlining the correlation between home prices and annual incomes in partnership with Zillow.  They determined which real estate markets were currently undervalued and which were overvalued based on comparing current price-to-income ratios to the average of the time period of 1985-2000. Deep inside...

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Huger Street is Hummin’ in Hampton Park Terrace

Last Friday, I sold a house on Huger Street in Hampton Park Terrace for my long-term friends and clients.  The sale of this house was the fifth on this street in the past year – not too shabby for an area that is only 5 blocks long between Ashley Ave and The Citadel. We had actually put 462 Huger Street...

Charleston Inventory Levels – Oh, the Stories They Tell.

Charleston Inventory Levels – Oh, the Stories They Tell.

Alright so the title of this post is a little dramatic but I always enjoy looking inside statistics and numbers to see what they can reveal. Firstly, inventory levels means months of housing supply compared to absorption rates.  In plain English – how many people are buying homes vs how many are on the market. 6-8 months of inventory is...

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