The Cassina Group ends 2019 as the No. 1 boutique firm for home sales over $1 million

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Fabulous article on The Cassina Group from LowCountryBizSC

The Cassina Group, Charleston’s innovation-driven real estate firm, had a successful 2019, closing the year as the No. 1 boutique firm for home sales more than $1 million*. The firm also is ranked as the No. 1 boutique firm for home sales more than $500,000. The Cassina Group participated in 439.5 transactions in 2019 for a total sales volume of more than $284 million, placing the company in the top 1% of all companies in the Charleston Trident Association of Realtors MLS.

“We are extremely pleased with our production over the past year,” said Owen Tyler, partner and managing broker of The Cassina Group. “Our knowledgeable, professional and committed Realtors are among the best in Charleston, and we are so thankful for our loyal clients who continue to use Cassina for all of their real estate needs.”

The company participated in several note-worthy sales. Laura Rembert represented the buyers on the purchase of 2619 Bayonne St. on Sullivan’s Island, a record-breaking sale for the island selling for $7,350,000. The company also participated in the sale of five additional properties over $3 million, including 358 Ralston Creek St. on Daniel Island (Robertson Allen represented the sellers), 2319 Atlantic Ave. on Sullivan’s Island (Garrett Rust represented the buyers), 4915 Retriever Road on Wadmalaw Island (Jimmy Dye represented the buyers), 202 McCants Drive in Mount Pleasant’s Old Village (Charles McIntosh represented the buyers) and 517 King St. #14 in downtown Charleston (Stephanie Wilson-Hartzog represented the buyers).

Other notable sales for the year include:

  • 9 Johnson Road, The Crescent (Robertson Allen represented the sellers)
  • 5 Broughton Road, The Crescent (Laura Rembert represented the sellers)
  • 110 Ashley Ave., Downtown Charleston (Charles McIntosh represented the buyers)
  • 11 King St., Downtown Charleston (Robertson Allen represented the sellers)
  • 313 Station 30th St., Sullivan’s Island (Greg Boger represented the buyers)
  • 2302 Atlantic Ave., Sullivan’s Island (Garrett Rust represented the buyers)
  • 735 Olde Central Way, I’On (Meghan Webster represented the sellers)
  • 621 Pitt St., Old Village (Robertson Allen represented the sellers)
  • 112 Freeman St., Old Village (Jimmy Dye represented both the buyers and sellers)
  • 4020 Betsy Kerrison Parkway, Johns Island (Garrett Rust represented the buyers)
  • 422 Tanner Trail, James Island (Chip Eiserhardt & Heath Verner represented the sellers)
  • 720 Jim Isle Drive, James Island (Robertson Allen represented the sellers)

The company, founded in 2006 by Jimmy Dye and Robertson Allen, has offices in downtown Charleston and Mount Pleasant and consistently ranks as one of the highest-producing companies in the MLS. The Cassina Group is known as Charleston’s innovation-driven real estate firm with a proven reputation for delivering stronger results through leading-edge technology and building lasting relationships.

For more information on the company, visit www.TheCassinaGroup.com.

*Statistics pulled from CATR MLS on 2.1.2020

 

To read the entire article and learn more about The Cassina Group, click here.

Thank you to my clients! Here Are Some Of My Recent Neighborhood Sales!

121 freeman

121 Freeman Street

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686 Adluh

686 Adluh Street

739 hill

739 Hill Street

1424 poca

1424 Pocahontas

I specialize my business in this market, if I can help you with real estate in The Old Village/ Old Mount Pleasant, please let me know!  And to receive a list of homes for sale or sold, visit www.SearchOldVillage.com

 

 

 

2020 Real Estate Projections

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to mortgage rates, home sales, and home prices is incredibly valuable – and they may surprise you.

Mortgage Rates

Projections from the experts at the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac all forecast mortgage rates remaining stable throughout 2020:

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Since rates have remained under 5% for the last decade, we may not fully realize the opportunity we have right now.

Here are the average mortgage interest rates over the last several decades:

  • 1970s: 8.86%
  • 1980s: 12.70%
  • 1990s: 8.12%
  • 2000s: 6.29%

Home Sales

Three of the four expert groups noted above also predict an increase in home sales in 2020, and the fourth sees the transaction number remaining stable:

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With mortgage rates remaining near all-time lows, demand should not be a challenge. The lack of available inventory, however, may moderate the increase in sales.

Home Prices

Below are the projections from six different expert entities that look closely at home values: CoreLogic, Fannie Mae, Ivy Zelman’s “Z Report”, the National Association of Realtors (NAR), Freddie Mac, and the Mortgage Bankers Association (MBA).Each group has home values continuing to improve through 2020, with four of them seeing price appreciation increasing at a greater pace than it did in 2019.

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Is a Recession Possible?

In early 2019, a large percentage of economists began predicting a recession may occur in 2020. In addition, a recent survey of potential home purchasers showed that over 50% agreed it would occur this year. The economy, however, remained strong in the fourth quarter, and that has caused many to rethink the possibility.

For example, Goldman Sachs, in their 2020 U.S. Outlook, explained:

“Markets sounded the recession alarm this year, and the average forecaster now sees a 33% chance of recession over the next year. In contrast, our new recession model suggests just a 20% probability. Despite the record age of the expansion, the usual late-cycle problems—inflationary overheating and financial imbalances—do not look threatening.”

Bottom Line

Mortgage rates are projected to remain under 4%, causing sales to increase in 2020. With growing demand and a limited supply of inventory, prices will continue to appreciate, while the threat of an impending recession seems to be softening. It looks like 2020 may be a solid year for the real estate market.

**Information provided by Keeping Matters, click here for more.

202 Pitt Street- Available For Purchase for the First Time in over 50 Years!

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HOME IS AVAILABLE FOR $2,150,000

Circa 1892, this home has withstood the test of time and is now available for purchase for the first time in over 50 years!  Known as the Hale-Seabrook house, 202 Pitt Street in one of the Old Village’s most recognizable homes.  The dignified 4400 square foot estate is a blend of old and new, and is located just steps from the Pitt Street Shopping district.  No historical feature has been removed.

Built by lumberman Harry Hale in 1892 the home was later sold to John G. Seabrook, who recognized its superior quality and vast potential.  Mr. Seabrook hired a master carpenter and contractor to renovate the home, which was lifted and repositioned to face Pitt Street.  Creating the home’s grand style, he also added the beautiful brick-lined walkway and portico, flanked by four dramatic two-story columns (which were reclaimed from a mill in Marion, SC) topped with a stunning entryway door with curved transom and sidelights.  The home has been lovingly maintained and was renovated in 2005 (kitchen/ den, etc) to reflect a modern feel while maintaining the architectural history.

The traditional floor plan features a formal living room, formal dining room, updated kitchen, adjoining den, and guest bedroom on the first floor.  The remaining 3 bedrooms are located upstairs, including the master suite and deck overlooking Pitt Street.  There is also a finished basement with a second kitchen, built in bar plus garage doors leading to an outdoor kitchen- perfect for entertaining.  You will love the traditional antique heart pine flooring, original clear cypress walls, classic crown molding, 10 foot ceilings and more!

202 PItt Street is listed for $2,150,000 by Jackie Kelly, REALTOR® with The Cassina Group.  For more details, contact Jackie@TheCassinaGroup.com or visit www.SearchOldVillage.com.

 

 

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2-Story Penthouse- 18 Broad Street- Available for $12,500,000

18 Broad Street, 8000 sq feet, located on the top two floors of The People’s Building.   Click here to view entire listing. 

1 - Copy6-18BroadStreet-KeenEyeMarketing-63 - CopyCharleston is home to some of the most stunning properties in the world, but there’s really nothing that compares to the stature and location of 18 Broad Street, also known as the Peoples Building. Nestled near the corner of historic Broad and East Bay Streets, find yourself immersed in all of the historic charm of the city and steps away from the best in southern cuisine, entertainment, and the unmatched scenery of the Holy City–Conde Nast’s Top City in the US for nine years. Unparalleled in prominence, and certainly in panoramic views, the penthouse at 18 Broad comprises the top two floors of the historic People’s Building, originally built in 1911.  For more details, contact me at Jackie@TheCassinaGroup.com

Upgrades Worth Considering When it’s TIME TO SELL!

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I am often asked what upgrades are worthy investments to prep a home for sale.  We all know the easy answers….

  • Interior paint
  • Minor kitchen and bathroom updates

But experience (and tons of research) has taught me a few tricks that I am happy to share.  Remember, the goal is to make the home visually appealing to a wide range of buyers!  So for what it’s worth, here are my top picks of upgrades that should be considered when it comes time to sell….

  • Front yard landscaping, new pine straw/ mulch, potted plants for color, and landscape lighting (be sure to get an evening shot for your marketing).  Remember that curb appeal is key!
  • Consider a new high-quality  front door, something special!  Especially in a neighborhood where homes look similar.  Be sure to make your home pop!
  • New garage door!  If needed, this can be a large focal point and by adding a new garage door, you can change the whole look of your home!
  • New roof, if needed.  Insurance companies are asking and could base the buyer’s  insurance rates according to the roof’s age.  If your roof is in need of repair, investing in a new roof will go along way to help secure a buyer and prevent any headaches with your buyer securing insurance.
  • Back yard WOW spots!  This could be a new brick lined patio, fire pit, garden or paved courtyard with water feature and up-lighting  Just remember that folks in Charleston actually use their outdoor living space year round, so use this space to create something usable and enchanting!
  • Large living room rug!  It’s all about scale, and by placing a large, comfy rug in the main living area, you will send a big, welcoming message to your buyers!  And since  the living room is likely the first room the buyers will see, here is your chance to make a bold statement!
  • Green Features!  Buyers love homes with tankless hot water heaters, high efficiency windows, etc.  If it’s time to update any of your mechanical componants, be sure to consider going the extra mile with newer products that are environmentally friendly and energy efficient.
  • Golf Cart!  If you live in a walkable community where golf carts are allowed, a buyer LOVES to see a golf cart included in the sale.  Remember, you are selling more than a home, you are selling a lifestyle and your buyer will love it!

If you are considering buying or selling, I specialize in this market and I am happy to provide you with a personalized plan for success!   Feel free to contact me at Jackie@TheCassinaGroup.com and to see homes for sale in the Old Village/ Old Mt. Pleasant, visit my website at SearchOldVillage.com.

 

 

 

 

The Blue Porch Ceiling Mystery Solved!

When touring homes, one can’t help but notice this “uniquely Charleston” trend- the light blue porch ceiling!  Many assume it is meant to represent the color of the sky, but there is more to the tradition than meets the eye.

It’s no coincidence. You can find “haint blue” all over Charleston, whether on some of the most historic houses on the Battery, or new construction communities in Mt. Pleasant…  So, what’s it all about?

According to Charleston FYI:

Now mimicked by paint companies, the first-ever “haint blue” is said to have originated in Gullah Culture in the Carolinas hundreds of years ago. The Gullah Geechee people painted their doors, window frames, shutters, and their porch ceilings as a means of protection. The light blue is believed to have the power to protect homeowners by chasing away evil spirits or ghosts. While many hear this and are quick to judge, no one should be so certain in a city known for its historic, haunted streets.

Even for those that don’t believe in the spirits, the light blue also brings a charming touch to any porch. It is also said that blue paint is believed to keep bugs and birds from nesting. The blue resembles the color of the sky, a place bugs and birds wouldn’t naturally settle or nest.

Whether or not you believe in the evil spirits that may be roaming around the cobble-stone streets of Charleston, the shade known as “haint blue” can add a charming and peaceful accent to any porch, even outside of the Lowcountry. The next time you’re wandering around Downtown Charleston, remember to look up at the porch ceilings to witness true Lowcountry culture.

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