Mt. Pleasant Real Estate Market Review

The stats for the month of March look pretty impressive when comparing 2020 to 2019.

According to the Charleston Trident Association Of REALTORS, home sales in Lower Mt. Pleasant (South of the IOP Connector) held steady in March of 2020 with 70 single family homes sold vs 73 homes sold in March of 2019.  The median sales price was $592,000, up about 10% from 2019.  Home sales took slightly longer, with the days on the market averaging 75 days in 2020, vs. 59 days in 2019.

Annotation 2020-04-30 103651

And home sales in Upper Mt. Pleasant looked even stronger!  In March of 2020, there were 100 single family homes sold vs 79 homes sold in March of 2019.  The median sales price was $545,000, up about 7% from 2019.  Days on the market averaged 69 days in 2020, vs. 75 days in 2019.

Annotation upper mt

People are still buying and inventory is still low.  If you would like to explore the real estate market, please let me know.  I am happy to help!

Meet Joanna with the White Gallery!

joanna

“We are so thrilled to have relocated our gallery from Sullivan’s to our new location on the corner of Coleman Blvd and Fairmont Ave.  Our gallery is packed with unique and eclectic finds that include artwork, jewelry, vintage antiques, and more.  Looking for something special?  We have it!  And if we don’t have it, we will try to find it, because locating and repurposing treasure is our personal passion!  Stop by and check out our one-of-a kind items!  We are thrilled to bring The White Gallery to this special community! Follow us on Instagram!

white gallery

 

Charleston Market To Outpace Averages

Economists Expect the Charleston Real Estate Market to Outpace National Averages Through 2025

CHARLESTON, SC—(December 11, 2019) The National Association of Realtors® (NAR) identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are:
• Charleston, South Carolina
• Charlotte, North Carolina
• Colorado Springs, Colorado
• Columbus, Ohio
• Dallas-Fort Worth, Texas
• Fort Collins, Colorado
• Las Vegas, Nevada
• Ogden, Utah
• Raleigh-Durham-Chapel Hill, North Carolina
• Tampa-St. Petersburg, Florida
“Some markets are clearly positioned for exceptional longer term performance due to their relative housing affordability combined with solid local economic expansion,” said NAR’s Chief Economist Lawrence Yun. “Drawing new residents from other states will also further stimulate housing demand in these markets, but this will create upward price pressures as well, especially if demand is not met by increasing supply.”
NAR identified the top 10 metro areas based on domestic migration, housing affordability for new residents, consistent job growth relative to the national average, population age structure, attractiveness for retirees and home price appreciation, among other variables. As an indicator of strong housing demand in these markets in the past three years, home prices in these 10 metro areas have increased annually by at least 7%.
1,332 homes sold in November in the Charleston region at a median price of $268,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). Last November, 1,301 homes sold at a median price of $268,453.
This year’s 17,010 closings show transactions up almost 1% and median price up 5%, to $277,900 for the region.

There are 17% fewer homes for sale than at this point last year, with 5,265 homes listed as “active” for sale in the CHS Regional MLS database at the end of November.

Newly installed 2020 CTAR President Bobette Fisher said, “The economists’ expectation for Charleston to continue outperforming other markets is a tremendous recognition for our region—we have been enjoying many years of economic expansion and growth, with new people moving to our area every day and keeping Charleston a growing, vibrant community. However, affordability and sustainability remain the chief concerns for our growing market”

“We check all the boxes that make Charleston a top performer—but we have to keep market sustainability top of mind” said CTAR CEO Wil Riley. “We’re well positioned for more growth on many fronts—jobs, population and our economy is strong—but if we do not focus on developing smart growth strategies, we’ll price those who are coming here for those jobs out of the market” he said.

“Meeting the demands of the future will be a challenge” said Fisher. “This is why as an Association we are committed to creating and maintaining partnerships with municipalities to help craft smart growth strategies and place development where it makes sense and where it contributes to increasing the quality of life for all residents” she said.

*Information provided by the Charleston Association of REALTORS

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Pitt St Pharmacy Grilled Cheese Eating Contest! It’s on!

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Join me at the Pitt Street Pharmacy, Thursday, Oct 3rd at 6:30 pm for The Grilled Cheese Sandwich Food Challenge!   Randy Santel, professional food eater, will be pursuing his goal of winning 1000 food challenges in all 50 states and 50 countries.

The current Pitt Street Pharmacy Grilled Cheese Eating Contest Record Holder is David Hester, who ate 27 grilled cheese sandwiches on May 30, 2013.  Think about it… that’s 54 pieces of bread and cheese, not to mention, a good bit of Duke’s mayonnaise!

And Santel plans to crush this number?  We will see if he can!

Santel is founder and owner of foodchallenges.com. He has won over 779 food challenges and has over 860,000 YouTube and Facebook followers.  And although he will be eating big, he is an advocate for nutrition, fitness and personal wellness and won the  2010 Men’s Health/Spartacus Body Transformation Challenge.

The Pitt Street Pharmacy is such a staple of our community, and how fun for us to come together to watch this exciting and, well, yes.. cheesy event!  See you there!

 

 

739 Hill St, Old Mt Pleasant, listed for $895,000- UNDER CONTRACT!

Lovely renovated home listed for $895,000.  Located on a quiet street in the Old Village/ Old Mt. Pleasant neighborhood. Home features include: *4 bedrooms, 3 baths and 2450 square feet. *Great curb appeal with a fully fenced yard, beautiful up-lit Grand Oak tree, spacious screened front porch, metal roof and flagstone patio. *Charming entry foyer with Ship Lap walls and wide-plank reclaimed Heart Pine Floors (that carry throughout the entire first floor) *Cathedral Ceiling in Living room with gas fireplace and custom mantelpiece.  UPDATE, HOME IS NOW UNDER CONTRACT!

 

 

Charleston-area Home Showings Drop for 11th Straight Month

jk sold

Interesting information from the Post and Courier, and while I must agree with the stats, I will say that working with a seasoned Realtor, who knows your market, is the key to going under contract quickly.  As an example, my most recent Old Village Listing 209 Greenwich Street, went under contract in 7 days. 

From Warren L. Wise, Post and Courier

While Charleston-area home sales are just slightly off last year’s pace through the first half of the year, home showings continue to lag.

For the 11th consecutive month, the number of people walking through doors to check out a house dipped across the Lowcountry in June.

The ShowingTime Showing Index for the Charleston region reported the number of doors being opened for prospective buyers dropped 6 percent in June. Showings have been down every month since last August and are off an average 9.4 percent over 12 months through June.

The good news is the negative showing rate has moderated in recent months from the double digits last fall and earlier this winter.

Sales are down for the year through July a scant 0.6 percent, but if more homes were available at price points people could afford, sales would be higher, according to Wil Riley of the Charleston Trident Association of Realtors.

“The rise in home prices is outpacing income growth,” he said. “In our region, the $53,000 median household income does not align with a median home price that’s climbing toward $300,000.”

Nationally, showings dipped 1.8 percent, and an official with the Showing Index said declines have moderated across much of the nation.

“Activity in the South and Midwest remains slightly slower than in 2018, though there is more buyer activity in the lower price quartiles of the market,” said ShowingTime Chief Analytics Officer Daniil Cherkasskiy. “Pricier homes continue to see less traffic compared to the same time last year.”

It has never been more important to work with a full time, professional Realtor who knows your market.  If I can help, please contact me at Jackie@TheCassinaGroup.com

 

Make Your Next Event SUPER COOL! Call Brian with Ice Age Ice Sculptures!

Thinking about how to take your event to the next level?  I found the secret!  Call Brian with Ice Age Ice Sculptures and let him help design something special.  He is super talented, professional and let’s face it… he’s cool  Here are some samples of his work, and to learn more, check out his website at IceAgeIceSculptures.com!

SAY CHEESE!!

Charleston Artisan Cheesehouse, Family-Owned and Operated by our OV/ Old Mt. P Neighbors, Pete and Heather Holmes!

Our products are hand poured, cultured, mixed, molded, salted turned and wrapped all by hand.  Our line of wholesome cheeses inspire the joy of mindfully eating and supporting local, healthy, and artisanally produced foods.  Our cheeses are all crafted and aged on location in Charleston, SC.  Our products are made exclusively using Hickory Hill Milk, a low temperature pasteurized, non homogenized pasture fed cows milk.

Collections of cheeses include, Camembert/Brie like cheeses, Cheddar Curds, Whipped cheeses, Fresh mozzarella & Burrata

Available for sale in Mount Pleasant:

  • Mount Pleasant Farmers Market
  • Whole Foods
  • Publix
  • Greenwise Publix

On the menu in Mount Pleasant:

  • Grace & Grit
  • The Grit Counter
  • Tavern & Table
  • The Obstinate Daughter
  • The Beard Cat
  • Also available at an array of local restaurants through the Low Country

Production facility and retail shop:  2457 Ashley River Rd – Suite 3 – Charleston (West Ashley)  To learn more, visit CharlestonCheeseHouse.com

And on Facebook at Charleston Artisan Cheesehouse – Twitter & Instagram: Chscheesehouse

ChiroIQ Now Located at 419 Hibben St!

Chiro iQ pairs the latest chiropractic technologies with the best modalities and therapies to help you live your best life now and promote long-lasting wellness at the same time. From advanced energetic scans and laser sculpting to chiropractic back relief, they have the tools and expertise ready to optimize your health!  They are also adding yoga classes and health events in the near future!

And now ChiroIQ is announcing their new location in the Old Village!  Come visit Dr. Ross and Cindy Livingston RN,LMT at 419 Hibben St.  Ms. Khaki and all the staff hope to see you soon!

ChiroIQ
419 Hibben Street
Mt. Pleasant, SC 29464

843.766.4444

Blessing of the Fleet- April 28th

Blessing-of-the-Fleet

Looking for something fun to do on Sunday, April 28th?

The 32nd Annual Blessing of the Fleet & Seafood Festival is right around the corner, and it is so much fun! Held at Mt. Pleasant Memorial Waterfront Park, the festival pays tribute to Mount Pleasant’s local shrimping and fishing industry, offering a boat parade, live music, craft show and lots of free activities with the picturesque Ravenel Bridge and Charleston Harbor for a backdrop! It doesn’t get much better than this!

Blessing

Here is the Schedule of Events for the day:

11:00 am   Opening Band

12:30 pm   National Anthem, Mayor’s Welcome

12:50 pm   Blessing Procession on Pier

  1:00 pm   Boat Parade & Blessing of the Fleet

  2:00 pm  East Coast Party Band

  3:30 pm  Shrimp Eating Contest

  4:00 pm  Shag Dance Competition

Blessing 2

For more information, click here.  Hope to see you there!