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.
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.
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
Just sharing some of my sales in the Old Village, including the sales price and date of sale. Thanks so much to my awesome clients! Happy sellers and happy buyers. Very blessed to be part of this community and help others do the same!
301 Center Street, sold on 6/29/18 for $1,385,000
109 Friend Street, sold on 2/5/18 for $871,000
706 Simmons Street, sold on 2/23/2018 for $1,225,000
522 Ruby Street, sold on 5/29/18 for $499,000
414 Rose Wilder, sold on 4/24/2018 for $600,000
308 McCormick Street, sold on 10/06/17 for $1,400,000
The National Associate Of Realtors has released the sales numbers for the first half of 2018, and they paint a picture of a healthy and consistent market when compared to the same time frame in 2017 and 2016.
Here is a quick snapshot to compare sales from Jan 1 to July 31, 2016-2018, for single family homes, located in Mt. Pleasant, South of the Isle of Palms Connector:
Although the number of homes sold is down slightly (from 757 sold in 2016 to 723 in 2018), the average sales price continues to be on the rise (from $602,000 in 2016 to $674,000 in 2018).
In 2018, homes are averaging 51 Days on the Market, which is relatively a short time frame. But beware… homes that are sitting on the market over the average may need to reassess their strategy, whether it be by making changes to the home’s condition or reviewing price. This is where a trusted professional can come in handy.
If you are thinking about buying or selling, it always makes sense to connect with a Realtor who specializes in your target market. I have been selling homes in the area for years, and happy to help you achieve success. Please feel free to contact me at Jackie@TheCassinaGroup.com for a consultation today.
To see all homes for sale or sold in the neighborhood, visit www.SearchOldVillage.com.
Living in the Old Village/ Old Mt. Pleasant neighborhood poses one big challenge… where do my friends and family stay when visiting? I recently had family visit, and we booked a room at the Shem Creek Inn. It was FABULOUS! Completely renovated and only a bike ride away from home, they were thrilled with the accommodations!
Lucky for you, Shem Creek Inn is offering a fun package deal right now ….
Pool, Beer, and Gear Package! What’s not to love about this?
With this deal, you receive a $30 credit for Shem Creek Inn merchandise and a $25 gift card to Water’s Edge restaurant which is located right next door! Not to mention the waterfront pool at the Inn and the fact it is within walking distance to many dining and nightlife spots and water activities. Shem Creek Inn really is a hidden gem!
For more information, check out their website: Shem Creek Inn
Real estate experts and economists agree sellers will continue to hold the cards
BYJOTHAM SEDERSTROM Staff Writer
DEC 26
With inventory at historically low levels and demand for housing skyrocketing in most markets, economic analysts and real estate experts believe 2018 will be the Year of the Seller.
With few exceptions, analysts contacted by Inman News forecasted yet another year in which a scarcity of homes in the real estate market will allow private and institutional sellers to keep prices high, especially as a growing segment of first-time millennial buyers take the homeownership plunge.
“Clearly, 2018 appears to be another seller’s market,” said Mark Fleming, chief economist at First American Financial Corporation. “The shortage of supply relative to increasing millennial demand will not change next year. In fact, it may be exacerbated as more millennials decide to become homeowners and more sellers become prisoners in their own homes, as mortgage rates rise and fear of not being able to find something to buy increases.”
Low inventory, perhaps more than any other economic driver, will be a major hurdle for buyers in the coming year. Indeed, even as overall housing starts spiked to 1.297 million units in November, most experts believe bouncing back to a 50-year average of 1.5 million new units will be no easy task — and until then, the listings shortage will dramatically affect pricing, for better or for worse.
“Builders have been ramping up somewhat over the past year, and that should continue going forward,” said Svenja Gudell, chief economist at Zillow. “But in order to satisfy demand from entry-level buyers in particular, builders will need to find more affordable sites farther from job centers — and it’s unclear if buyers will be willing to sacrifice their commutes for affordable homes as they did in years past. And in general, it will take many years of above-average building activity to help erase the housing deficit we’ve created after years of under-building.”
According to Redfin’s 2018 housing market forecast, a whopping 25 percent of homes sold within two weeks or less during the peak of the buying season in 2017, and nearly one in five homes, or 19 percent, left the market in less than a week.
But mortgage rates, which are expected to rise, on average, to just 4.5 percent by the end of 2018 — and changes to the tax code that may deincentivize homeownership, could tip the balance of power to buyers and give them more room to negotiate, especially in luxury markets.
“I think you’re going to see sellers have less pricing power than they did this year, particularly in states like New York and California,” said Nela Richardson, chief economist at Redfin. “Buyers are going to be ready to play hardball because they’re not getting as much from buying the house as they did this year. And maybe less pricing power in other places, too, because consumers can only pay so much and prices have gone up so strongly.”
Lawrence Yun, chief economist at the National Association of Realtors, echoed a similar sentiment: “The housing shortage will still persist in many markets due to the legacy of slow rate of homebuilding over the past decade,” Yun said. “But due to the tax reform providing less financial benefit to be a homeowner, the overall price increase will be much softer in 2018, by 2-4 percent.”
Added Steve Cook, a real estate communications consultant at commsconsulting.com:
“The inventory drought will continue to be enough of a factor to keep supplies below normal. Most markets will continue to be sellers’ markets, especially for entry-level homes, hotter markets and markets where prices are high and new construction is costly, like the Pacific Coast. Luxury and premium markets will be more evenly split between buyers and sellers.”
Email Jotham Sederstrom
Spacious Old Village 4 bedroom, 3.5 bath home with over 3500 square feet on a beautiful private lot with in-ground pool! Offered at $1,349,00. Click here to see more, SearchOldVillage.com
Features include: *Large living room with many windows and fireplace *Spacious kitchen/ dining area, completely renovated with granite countertops, sea-glass tile back splash, stainless appliances, gas range and butler’s pantry *9+ foot ceilings, crown molding and beautiful hardwood floors throughout *Double doors lead to the private, fully-fenced back yard with pool *First floor bedroom with private bath *Second floor features include a large family room with hardwood floors and 9+ foot ceilings *Master suite with walk-in closets, huge bathroom with double sinks, soaking tub and stand-up shower *Two additional bedrooms with shared bath *Third floor offers a huge bonus room – perfect for home office, gym and/ or media room. *Detached garage.
For more information and/or to schedule a showing, contact Jackie Kelly at 843.991.9111 or jackie@thecassinagroup.com
