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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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!

28th Annual Reindeer Run

This year marks the 28th annual Reindeer Run. The 2018 Reindeer Run starts at 9:00am on Saturday, December 8th near the corner of East Bay and Queen Street.

Presented by Half-Moon Outfitters, the Reindeer Run is a family-oriented, pet-friendly 5k run/walk through the lower peninsula of downtown Charleston, SC.

Proceeds from the Reindeer Run are split between the campaign for the MUSC Shawn Jenkins Children’s Hospital and the Charitable Society of Charleston. 80% of the funds go to MUSC and 20% go to the Charitable Society of Charleston’s endowment. This endowment provides grants and donations to local non-profit organizations which benefit both children and elderly residents of the Lowcountry.

Such a fun part of this Run is the costume contest! For more information on the Reindeer Run, check out their site here.

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Just Sold – 517 Royall Avenue, Old Village

I am thankful to be part of this lovely community, and wishing a warm welcome to the new family who will live in this awesome home!  If I can help you buy or sell, let me know what you need, I am happy to help!

517 Royall Avenue closed on November 9 for $925,000.

 

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Just Sold – 813 Pitt Street

Happy Fall!  So happy to close 813 Pitt Street!  The sellers were a dream to work with and I am so grateful to have met them and to be a part of this time in their lives.  Happy sellers, indeed.  Oh, and happy buyers too!

A kind note from the sellers:  Our experience with Jackie Kelly and the Cassina Group could not have been better.  Our home was an older home in a market that was filled with competition from new homes and fresh renovations.  Jackie sensed the love we had for our home and knew that we wanted another family to have the experience we did in raising our children there.  She represented the home as if it were hers.  Through a lot of ups and downs, she guided us to the unique buyer we hoped we’d find.  She was always available and extremely prompt with everything and anything we needed.  She is a professional and full-time realtor who knows what she is doing.  We highly recommend her to anyone needing a realtor.  We loved our experience with her, her assistant, Melissa, and the entire Cassina Group.

Tom & Janet Utsey

813 Pitt Street closed on October 29 for $1,258,250.

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If I can help you sell your home, please contact me today.  I have been selling in the neighborhood for years, and happy to provide you with a clear, concise plan to get your home closed!  Jackie@TheCassinaGroup.com