The 2017 market starts off strong, as home sales in the Charleston Region continue to rise. In a market of low interest rates, a surplus of buyers and low inventory, sales prices continue to rise as well as the number of homes sold. Here is the latest Market Update, provided by the Charleston Trident Association Of Realtors®.
CHARLESTON, SC—(February 10, 2017) According to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR) 1,029 homes sold in January in the region at a median price of $238,900. Last January, 972 homes sold at a median price of $218,020. This marks the twelfth consecutive month that sales in the region have surpassed 1,000 homes and the first time in a decade that January sales have exceeded that benchmark.
Comparing the first month of 2017 to last year, sales volume has increased 6% and buyers are paying 9.5% more for homes in the region than they did last year.
Inventory has declined about 20% over the last 12-month period, with 4,746 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of January 31. We expect that inventory will begin increasing slightly in the coming months.
“We are pleased to see the residential market starting on such solid ground in 2017” said 2017 CTAR President Dave Sansom. “Last year was a strong year of growth in our market and starting the year with such substantial increases bodes well for both buyers and sellers. We’re poised to see another year of consistent growth in our market, supported by the flourishing local economy” he concluded.
500 homes sold at a median price of $308,750 in January in Charleston County. There are currently 2,545 residential properties for sale in Charleston County—1,920 single-family homes and 625 condos/townhomes.
For Stats specific to Mt. Pleasant, South of the Isle Of Palms Connector, Click here
I recently had the pleasure of helping my client buy his first new construction home in The Annex at Oyster Point! What a delightful process it was!
If you haven’t already, you should check out Oyster Point. It is centrally located in Mount Pleasant – just minutes from Town Centre and Isle of Palms and situated overlooking Hamlin Sound and Gray Bay. It is truly gorgeous!
The Annex at Oyster Point features:
- Beautiful paired homes offering a single family detached feel
- Open floorplan
- Huge garage space
- Over 3 miles of multi-functional trails
- State of the art amenity center featuring a fitness facility, 4 tennis courts, and a Junior Olympic zero entry swinning pool
- Over 25% protected conservation land
Built in 1834, 210 Bennett Street is one of the oldest homes in all of Mount Pleasant. Meticulously maintained, located in the heart of the Old Village Historic District and within walking or biking distance to neighborhood parks, Shem Creek, the Farmers Market and Pitt Street shops and restaurants. Sullivan’s Island and downtown Charleston are only minutes away adding to its appeal. Click here to read more. Listed by Jimmy Dye with The Cassina Group for $1,765,000. Contact me for your appointment today! Jackie@TheCassinaGroup.com
The Charleston Tea Plantation is the home of American Classic Tea, tea grown 100% in America. It is located on picturesque Wadmalaw Island in the heart of South Carolina’s Lowcountry. Today the Charleston Tea Plantation offers more than just a cup of fresh tea! Thanks to the Bigelow Family, the true working tea farm presents a learning experience unlike any other in the country. Its grounds include 127 acres of tea plants, a working Tea Factory and a charming Plantation Gift Shoppe. They also host events throughout the year including the First Flush Festival, a musical festival to celebrate the first harvest of tea, which featured The Avett Brothers and other local bands this year. In this month’s episode of Cassina TV, we sit down with William Hall, owner of the Tea Plantation, to learn more about this unique Charleston landmark!
We are so excited to announce that Fox Events has volunteered to help decorate for the OV block party! And that is EXACTLY what this event is all about… Local business owners coming together as a community to meet and have some fun!
Lauren Fox, the brains behind Fox Events, has been doing some amazing events lately! Just check out her website to view the gallery of her past events.
A note From Lauren….
Fox events is one of several local participants in the Old Village May Day Block Party on May 3rd, at 2pm. It will be a fun filled family affair and we can’t wait to see you all there!
In this month’s episode of Cassina TV, we sit down with Hootie & the Blowfish founding band member, Mark Bryan, to learn more about his Charleston-based non-profit, Carolina Studios. Formed in 2001, Carolina Studios helps students learn how to create, arrange, and record music through a software program that is also teaching them valuable computer skills. With a location downtown and a mobile studio, Carolina Studios helps keep kids on track for success.