Old Village/Old Mt. Pleasant Real Estate Market Update

OLD VILLAGE/OLD MT. PLEASANT MARKET UPDATE:

The 2018 average sales price for single family homes in the Old Village/Old Mt. Pleasant was $816,000 compared to 2013’s average of $570,000.  That represents an approximate 7.5% appreciation rate per year over the past 5 years! Amazing!

So what is expected for 2019?  Local experts forecast another solid year, as there are plenty of buyers and inventory is still low.  Interest rates will prove to be the “wild card” as rising rates will limit some buyers’ ability to purchase, potentially creating longer market times.  But for today, according to “The Morning Brew” the 30-year fixed mortgage rates hit a 4 month low, which is welcome news! Full steam ahead!

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Data obtained from the Charleston MLS, deemed reliable but not guaranteed.  The  2013 sales average did NOT include 101 Venning St., which closed for $5,000,000.

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Our Favorite Downtown Hotels

Located across from Marion Square and steps from King Street, this renovated former federal building exudes old world Charleston charm.
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Warm, upscale suites with full kitchens and complimentary room-in breakfast. Need I say more?!
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Perfectly located, this hotel is elegant and sophisticated with modern southern decor.
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This posh hotel is in a 1920s art deco building. A drink at their cocktail bar is a must!
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This art-filled boutique hotel in the French Quarter is conveniently located to many attractions. The best part of this hotel is the rooftop bar – stunning views of the city!
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Client Testimonials

Jackie went the extra mile…and so much more!
In a transaction that seemed to have an impossible list of extra barriers that would have usually caused buyer or seller to throw their hands up and walk, she was the glue that held things together.  Her professionalism, integrity and care are extraordinary.
Thank you Jackie!
– Mark
We loved working with Jackie. When we fell in love with our (now) forever home, Jackie helped us get everything in place as quickly as possible–we were under contract within a day and closed 30 days later! Jackie was incredibly helpful throughout the process–always responsive to any questions and making sure we were comfortable with the process. Jackie is friendly, professional, knowledgeable and diligent, everything you could want in a Realtor! As a first-time home buyer, I cannot imagine a better outcome, thanks to Jackie!
– Abby and Doug
We have bought and sold several homes with Jackie, and have always been very pleased.  She draws upon her extensive experience to smoothly navigate client’s through transactions, making what could be a stressful process easy and understandable.  Jackie is an asset to Charleston real estate we feel very lucky to have found her!
-Kate and Christian Malpeli
We can’t thank Jackie enough for bringing us the perfect buyer! She is prompt, professional and excellent at her job. She was determined to sell our house and she made it happen! Jackie is a Rockstar!
-Sarah and John Dewey

Open House! Sat. Feb. 2 from 1-3pm: 1331 Lonnie Circle, Old Mt. Pleasant

Here is your chance to tour 1331 Lonnie Circle in Old Mt. Pleasant!

Saturday, 2/2 from 1-3pm.  This charming home is now available for $674,000

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 Features include:

*4 bedrooms/3 baths

*Modern kitchen with stainless steel appliances, brand new Samsung Duo Flex oven, granite countertops and Travertine backsplash

*200 square foot front porch and pergola

*300 square foot screened back porch with vaulted ceiling, perfect for entertaining

*Fully fenced backyard, with side yard gate providing easy access for your boat and golf cart

*Backyard includes large deck and patio in addition to the screened porch

 

Open House brought to you by William Barnwell, Realtor, The Cassina Group. Contact William@TheCassinaGroup.com  for details.

December Events at Village Branch Library

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Upcoming Events at the Village Branch Library

Saturday, December 8 – STAR Therapy Dogs – Come read to your favorite furry friends.

Saturday, December 15 at 11am – Holiday Baking and Decorating – Come decorate holiday treats and take one home to enjoy.

Thursday, December 20 at 11am – Holiday Storytime and Craft – Listen to holiday stories and make a fun craft.

Village Branch Library  ::  430 Whilden Street

Should I wait until Spring to Sell?

It’s December and with the whirl-wind of the holidays approaching, clients are asking me if they should list now or wait until the first of the year.  Obviously we do not have a crystal ball answer, but based on my experience, I am advising as follows:

Why wait?  True, there is a smaller pool of buyers during the colder months (think about those buyers who currently live in the North that cannot sell their homes because it is snowing) but even with fewer buyers, there is also fewer homes to chose from.  The big factor being that tons of new inventory will be hitting the market in the early spring, and the best path to ensure a quick sale is to beat the rush.

Below is an interesting article from RIS Media’s House Call.

“The holidays are fast approaching, and if you’re considering selling your home, now is the perfect time to reassess your strategy for getting your property sold. With the colder temperatures and many people heading on vacation, it may seem like an inopportune moment to list your house, but that couldn’t be further from the truth.

Although it’s true that there are fewer buyers looking for a home at this time of year, the pros far outweigh the cons. There are less, yet far more serious buyers searching for homes in your market, and there is less competition with less homes on the market, and transactions happen far more quickly as there are less being processed.

Click here to read more, and if I can help you in any way, please let me know.  Jackie@TheCassinaGroup.com