Market Analysis

Proof the Real Estate Market is Local (er…Hyperlocal) – Longborough Screams into 2011

Proof the Real Estate Market is Local (er…Hyperlocal) – Longborough Screams into 2011

The Longborough neighborhood on the Charleston Peninsula is scorching hot - proof that all real estate is hyper local.

Wagener Terrace Hot – North Mount Pleasant Not

Every month I send out a newsletter that includes events, news articles and statistics on real estate in the Charleston Metro area.  As the year draws to a close,  I’ve noticed some trends that I thought worthy of discussion.  So check out the stats below and read my interpretation of them.  Let me know if you agree, disagree or have...

Update #3: The Million Dollar Market in Downtown Charleston is Hot, Hot, Hot

Update 9/1/2011 – I realized I forgot to update these statistics! In 2007 – a total of 21 sold. In 2008 – a total of 9 sold. In 2009 – a total of 6 sold. In 2010 – a total of 29 sold. In 2011 – a total of 13 have sold and 26 are available. ____________________________________ If you’ve been reading along with me, you know I started this series in March...

The Spring & Cannon Streets Corridor is Rising

For several years now, the Spring and Cannon Streets corridor has been evolving and changing, welcoming modern buildings, historic renovations and most importantly, a proliferation of shops and restaurants.  Every urban neighborhood needs mixed-use to thrive and Spring and Cannon are great examples of how areas can change.  This great article from the City Paper highlights some of the more...

UPDATE: The Million Dollar Market in Downtown Charleston is Hot, Hot, Hot

When I last wrote this post it was March 16, or about two months ago.  Since then I’ve seen some action worthy of updating.  If you recall, I looked at all homes (2BR+) south of Calhoun St between $850,000 and $1,150,000 on the MLS and came up with these stats. In 2008 – a total of 9 sold. In 2009...

The Million Dollar Market in Downtown Charleston is Hot Hot Hot

I am not just saying this because I am an agent insisting that ‘Now is a good time to buy!“(Cue eye roll)  I am saying this because the statistics are sorta blowing me away.  I called it when I said Wagener Terrace fixer-uppers were hot about 7 months back, and I mentioned this topic briefly in my February newsletter, but...

What is the real deal on Median Home Prices in Charleston, SC??

According to the numbers at a macro level, Charleston’s median home price is generally sited to be somewhere between $180,000 and $250,000. However, as those of us who live here know, the median home price can vary significantly, neighborhood to neighborhood and block to block. The reality is that the median home prices for the various areas, range from $92,000-$1,762,500....

Home Prices Falling Further in 2010 – But not in Charleston?

Home Prices Falling Further in 2010 – But not in Charleston?

I saw this article on CNN Money today entitled “Homes About to Get Much Cheaper” with drastic falls in prices predicted for the majority of 381 Metro Areas.  My heart sank for home sellers.  I know so many people who absolutely need to sell their homes and if prices were slated to fall much further, buyers would wait on the...

The Resurrection of the Handy Man Special in Charleston – Wagener Terrace and North Central

Update 9/15 – Since I wrote this blog, two more handy man specials in Wagener Terrace and North Central have gone under contract at 144 Hester St and 9 Laurel, and the price has been reduced on a few others. Back in May, I noticed what I thought could become a trend in handy man specials* and created this blog...

Home Sales on the Charleston Peninsula – Makin’ it Snappy

Some of the numbers in my previous post “Home Sellers Finally Get It” looked downright scary.  Homes on the market for over 700 days.  700!  And these are just the ones that have recently sold.  Who knows how many others are out there still sitting and waiting to be rescued?  One would think that with stats like that, very little...

Charleston Peninsula Home Sellers Finally Get It

Charleston Peninsula Home Sellers Finally Get It

For the past couple years we’ve been watching and waiting as real estate sales plummeted, yet home sellers held firm on their asking prices.  Call it stubbornness, pride or disbelief,  but people weren’t budging.   Well, they are now – whether by force, generosity or pure exhaustion.  If you are in the market for a new home in Charleston, or if you have been eyeing...

1 2 3 4