Old Village/ Old Mt. Pleasant Market Update

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Q1 Market Snapshot for Old Village/ Old Mt. Pleasant- 2023/2018/2013

The AVERAGE HOME SALE PRICE (for single family homes in the Old Village/ Old Mt. Pleasant Neighborhood) increased significantly over the past 10 years:

•  2013: $720,000 
•  2018: $1,160,000 
•  2023: $2,200,000

Which obviously increases the AVERAGE PRICE PER SQUARE FOOT:

•  2013: $286 
•  2018: $370 
•  2023: $760

TOTAL AMOUNT OF HOMES SOLD during these time frames:  

•  2013: 39
•  2018: 36 
•  2023: 26

Real Estate is local, down to your neighborhood, down to your street.  If you are considering buying or selling, please reach out to me. I specialize in this market and I’m happy to help. Jackie@TheCassinaGroup.com 

*Information is provided by the Charleston Trident MLS based on single family homes sold in The Old Village/ Old Mt. Pleasant Neighborhood for Quarter 1.  Data was pulled on 4/25/23. 

Spring Market- Inventory is Still Low

Nationwide, the number of homes available for sale is up from the past two years, however, inventory is still very low when compared to the inventory levels leading up to 2020. And our local market still needs more homes for sale to meet the demand of today’s buyers. If you are considering selling, now is the time to reach out to a professional for guidance. Please let me know if I can help, Jackie@TheCassinaGroup.com and click here to read more from Keeping Current Matters.

Market Review- Lower Mt. Pleasant

The 2023 January stats for Lower Mt. Pleasant show a decrease in the amount of homes sold, but an increase in pricing over this time last year (Average sales price of $887,799 in 2022 vs. 1,076,941 in January, 2023) Homes are taking a bit longer to go under contract, with an average of 21 days on the market vs. 16 days in 2022. But really… 21 days? That doesn’t sound too bad!

Local experts agree that the market will continue to normalize in 2023, however, January stats for Lower Mt. Pleasant emphasize that the market is still strong with low inventory, which allows pricing to continue to rise.

The Real Estate market is local, down to your neighborhood, down to your street. I specialize in this market and I’m happy to provide expert knowledge based on data and years of experience. Please contact me at Jackie@TheCassinaGroup.com if I can help!

The Cassina Group Closes Over $1 Billion in Sales Over Past Two Years

CHARLESTON, SC USA – The Cassina Group, Charleston’s #1 boutique real estate firm, has closed over $1 billion in sales over the past two years.  The company’s combined sales volume for 2021 and 2022 totals $1,070,975,059, representing a record-breaking two years for the company.  This is an especially impressive feat given that the powerhouse firm has just 43 REALTORS®. 

“We could not be more proud of our REALTORS®,” said Owen Tyler, managing broker and partner at The Cassina Group. “They are highly educated and knowledgeable about the ever-changing market, working tirelessly day in and day out to provide the finest service to our wonderful clients.  We are so grateful to all 419 clients who entrusted us in the home buying or selling process this year and look forward to continued success in 2023.”

Click here for the full article….

2023 Local Real Estate Market Predictions

The local real estate market finished strong in 2022, with Lower Mt. Pleasant seeing a 20% increase in home prices over this time last year (click for more details).  Market indicators suggest 2023 will be no different.  Here are some take-aways from experts as well as my predictions for the upcoming year:  

• Inventory will remain relatively low
• Prices will remain steady, however, sellers will find that an aspirational sales price may need to be adjusted down to fit the market
• Interest rates will continue to vary
• Out of town buyers will still move to Charleston for its amenities, weather, food, lifestyle and low taxes
• Multiple offers are on the decline
• Days on market will likely increase and buyers will have an opportunity to take a breath

The Real Estate market is local, down to your neighborhood, down to your street. I specialize in this market and I’m happy to provide expert knowledge based on data and years of experience. Please contact me at Jackie@TheCassinaGroup.com if I can help!

No-Brainer Tips To Increase Your Home Value

It’s always important to maintain your home, so here are my top picks of tasks that are proven to increase your home value over time.  

​*Upgrade to energy-efficient ​appliances, smart technology and high impact windows

Energy efficiency is​ an important factor of any home, so when it’s time to upgrade appliances, technology and windows, make efficiency a priority.  Insulating the attic and encapsulating the crawl space is also a worthy choice. Consider implementing smart door locks, thermostats, lights, etc. These investments will pay off over time and will have a positive impact when and if you decide to sell.   ​ 

​*Create curb appeal and additional living space with low-maintenance landscaping

​First impressions are key to buyers, and even if you are not selling, you will love the look of lush, low-maintenance landscaping that stays green year-round.  Think about your yard as additional living space by adding covered seating areas, a paved courtyard, fire pit and more. Outdoor showers are also a plus in the Lowcountry! ​

*Update finishes​ and fixtures​

​Updating light fixtures, faucets, ​d​rawer pull​ and door knobs s​ can give your home ​a new, trendy feel.  These small updates don’t cost a lot and will freshen up your space in an instant!  

*Paint Exterior and Interior

Painting the exterior of your home is just good maintenance and should be done regularly. When it comes to your interior, there is no investment with a bigger “wow” factor than a fresh coat of paint. If considering selling, neutral colors are always advised.

When possible, I do advise hiring professionals. If I can help provide a list of trusted resources, let me know by reaching out at Jackie@TheCassinaGroup.com

Considering a Home Warranty?

If you are considering the benefits of a home warranty, Choice Home Warranty is a great resource. Their service comes in handy when it comes to appliances/ systems breaking down and I’ve had clients who have been happy with them in the past. For more info, contact Choice Home Warranty at 888-275-2980 for more info. Hope this is helpful!

Jackie Kelly, REALTOR- The Cassina Group

The Cassina Group, 309 Coleman Blvd, Mt. Pleasant 29464

For my final 2022 Reasons To Love The Old Village post, I am going with ME! Probably because I am the only one who reads this stuff! I’ve been a top producer in The Old Village/ Old Mt. Pleasant neighborhood for over 20 years. If I can help you, please reach out to me at Jackie@TheCassinaGroup.com and to see a complete list of homes for sale, visit www.SearchOldVillage.com. Thanks and see you around the hood!

Can you help me find these homes?

I have buyers teed up and ready to find their dream home, but we have seen everything on the market and not found the match.

*James Island- single family home- under $400,000

*Old Village Harborfront with deep water dock- No specific price range, can be renovated or not, will consider all options as long as it has a dock

*Shem Creek with dock or views- $5 million price point

*Sullivan’s Island, large/ private lot with tons of trees, pool optional, prefers renovated or newer home, interior or on the water. No specific price

*Coleman Corridor- in need of renovation- $750-850,000 price point

If you know of any of these home, please reach out (or have your Realtor reach out) to me at Jackie@TheCassinaGroup.com. This is not a solicitation of listings, I represent buyers who are searching for these specific homes. Thanks!