AVERAGE SALES PRICE IN THE OLD VILLAGE/ OLD MT PLEASANT, FROM 2001-2016, PER THE CHARLESTON MULTIPLE LISTING SERVICE
The US housing market seems unstoppable, and our neighborhood is no exception. Prices continue to rise, demand is strong, inventory is tight, interest rates are low and new construction is in full force.
Sales prices in the Old Village/ Old Mt. Pleasant are at an all time high, with the average sales price reaching $685,000 in 2015 and a staggering $743,000 in 2016. That is a considerable jump from $455,000 in 2014. Not to mention that price has more than doubled from the 2001 average of $370,000. These stats show a solid investment market based on a steady increase over a long period of time.
So what does it all mean?
For sellers, it all sounds good, right? But pricing your home accurately is still the key. The average “Days On Market” for homes sold in the OV/ Old Mt. P was 64 in 2016 and 65 in 2015. When a home is priced under market value, multiple offers typically happen and can drive the sales price up. And if priced over market value, the home will sit on the market with little to no activity after about 120 days.
For Buyers? According to Chief Economist Jonathan Smoke, of Realtor.com, “Buyers who are able to land the home of their dreams can reassure themselves that their investment is likely to be a solid one—especially in our hottest markets, where homes are selling fastest and there’s the most demand.”
I always say it’s best to watch the market on a local level, and watch the prices over a long period of time. And when you are ready to buy or sell, it’s imperative to team up with a savvy REALTOR® who understands your market. If I can help you, please let me know. To see all homes for sale, visit http://www.SearchOldVillage.
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 am thrilled to have SOLD MORE HOMES than any other real estate agent in the Old Village/ Old Mt. Pleasant neighborhood in 2016!*
- I was awarded the 2016 Moultrie News BEST OF THE BEST REALTOR®!
- I achieved the Executive Level of The REALTORS® of Distinction Award, which is their highest tier and recognizes the top producing Charleston REALTORS®.
With 6,000+ REALTORS® in the Lowcountry, it is a given that you have a friend or family member who is licensed to sell. But you need to ask yourself… Who has the experience and knowledge to get the deal done? And who can provide the proper guidance for a smooth transaction while maximizing my financial gain?
Thank you for allowing me the opportunity to do what I love every single day. Here are a few of my recent sales in the neighborhood and what our new neighbors have to say about the experience!
Dear Neighbors, If you are looking to buy or sell a house, I would like to make a recommendation. We recently sold our house, and bought a new one (both in Old Mt Pleasant). Jackie Kelly represented us for each one. Let me tell you, we had some significant obstacles, but Jackie worked relentlessly, against the odds to make it work. She is smart, fair & frank, with a beautiful soul. This community, and the welfare of the families within it are her motivation. Her finger is firmly planted on the pulse of our neighborhood. If you choose Jackie to represent you, I guarantee you will not be disappointed. -Sincerely, Debbie Newman
Jackie is truly exceptional to work with and at what she does. Purchasing or selling a home is intimidating and Jackie makes the process fun and helps eliminate some of the stress that can come with it. She knows how to get the job done with the results you are looking for. – Nathan and Emily Overbey
My husband and I are so thankful we were able to work with Jackie to sell our home. Jackie was kind and professional and gave sound advice regarding all real estate matters. We trusted her fully and we sold our house in a very short amount of time. She truly knows and understands the market in Charleston. She went above and beyond what is expected of a realtor, in my humble opinion. She also helped us find a trustworthy realtor in another state to help us buy our next home. It was such a blessing to not have to worry about who we chose as a realtor to buy our next home. We were happy with the overall experience of selling and buying a home at the same time. – Jennifer Wieckowski
This is the second time we have worked with Jackie Kelly and her team on a house sale and purchase. Once again, we were so pleased with her expertise in the local Charleston real estate market, honest guidance and ability to negotiate on our behalf with the finish line in view. All of this plus her great personality made us smile and laugh at every step of the way. We cannot recommend Jackie enough. – Judy Dixon
Loved working with Jackie, she is so experienced with the market and we feel we received the best advice. I really appreciated her insight, optimism and patience while we looked for our home in this challenging real estate landscape. – Jennifer Darr
I want to take this time to emphasize the importance of using an experienced realtor who has a firm grasp on your market. At the end of the day, there is no substitute for agent experience when it comes to negotiating and closing a transaction. If I can help you in any way, please contact me at Jackie@TheCassinaGroup.com and to see all homes for sale in the neighborhood, visit www.SearchOldVillage.com
Please let me know if I can help you with buying and/or selling this year! And many, many thanks for to wonderful clients and new neighbors!! Jackie
This beautiful home is now available for $1,269,000!
Enjoy stunning views of Sullivan’s island from your own private rooftop terrace. The large open concept living area is perfect for entertaining, with ample sunlight, bright marble counters, and a fireplace with rustic antique mantel. The very large and spacious master suite is also filled with natural light, and offers plenty of space for separate seating area. The master bath has a claw footed tub at it’s center with a glass shower, separate vanities, and large walk-in closet to complete the package..
Don’t miss this Old Village Gem!