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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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

Betty Carlton Beer Mile- Benefiting I GOT LEGS! Dec 15, 2018

Grab some friends and join us as we DRINK BEER AND RUN 1 MILE! 

Crazy?  Maybe…  Fun?  Probably…. For a good cause?  Most definitely! 

DECEMBER 15, 2018, 11:30AM-2PM, COMMONHOUSE ALEWORKS

Proceeds will go towards I GOT LEGS’ ReEnabled Racing Circuit and I NEED LEGS programs. Both programs are designed to give people with disabilities a platform to raise awareness and the necessary funds for their specific individual needs.

Click here to register for this fun event and to learn more about the I GOT LEGS mission CLICK HERE 

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Holiday Festival of Lights

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This is hands down Charleston’s most popular holiday event, and this year marks the 29th year of the Holiday Festival of Lights at James Island County Park. The event opens nightly at 5:30pm and will run through January 1.

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While most known for its three-mile driving tour, there is actually much more to see and do! Some of the other celebrated attractions and activities include:

· Marshmallow Roasting
· Festival Train Rides
· Old-Fashioned Carousel
· Portable Climbing Wall
· Santa’s Sweet Shoppe
· Concessions including hamburgers, kettle corn, hot chocolate and more
· Four Gift Shops, featuring the children’s toy emporium Prancer’s Presents
· Daytime photo opportunities to “Mingle with Kringle” (register in advance)

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This event is great for the entire family! For more information, click here.

Happy Holidays!

Charleston Parade of Boats

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The 37th Annual Holiday Parade of Boats will be held in Charleston Harbor on Saturday, December 8, 2018. Organized by the City of Charleston in partnership with the Charleston Sail and Power Squadron, this is a fun family friendly event.  Thousands of spectators view the parade along the route from Mt. Pleasant to Charleston.

The parade begins at approximately 4:30pm near the Mt. Pleasant side and ends in the Ashley River, after processing down the Charleston side of the Cooper River, at approximately 6:30pm.

The Rotary Club of Charleston puts on a festive Light Up The Night parade viewing party at the Charleston Maritime Center. For more information, visit here.