2015 Charleston Real Estate Market Re-Cap

The 2015 Real Estate Market was strong, and I am appreciative to have been part of it!  Thanks to my clients, I was able to achieve the 2015 Realtor Of Distinction Award, and could not be more proud!  I sincerely thank you for your support and here’s to continued success in 2016, which is off to a great start!

Now back to biz… I wanted to take a moment to provide you with a brief recap of 2015 for the greater Charleston market.  If you are curious about a specific area let me know and I will send you a re-cap, and thanks again for your support!  I love what I do!

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What’s For Sale In Old Mt. Pleasant/ Old Village?

The inventory is still relatively low in the neighborhood, with only 40 homes on the market as of today (11/26).  The current inventory ranges in price from $310,000 to $6,750,000.  Yes, you read that correctly, $6,750,000.  I know you are interested, so here is the scoop… check out this amazing home which is listed by Champ Smith of Places, LLC:

205 Ferry St. Available for $6,750,000.

A fantastic home on one of the best harbor front lots in the area!  Features 5200 sq feet, 3 bedrooms and 4.5 baths.

Click here to learn more.

 

I would imagine we will see a new crop of inventory this Spring all over the Charleston area.  But for now, it is what it is, so if you are someone you know is considering purchasing a home here, feel free to share this list…Click here for a complete list of homes that are on the market in the Old Mt. Pleasant/ Old Village.  Please let me know if I can help!  For all Charleston Real Estate, check out www.JackieKellyRealEstate.com

2nd Quarter Market Update For The Old Village/ Old Mt. Pleasant

Real Estate trends should be watched on a “local” basis, and by that I mean down to your neighborhood, down to your street!  So you will be pleased to know the stats for the Old Village/ Old Mt. Pleasant for the 2nd quarter of 2013 indicate a very solid market.  Check it out….

AVERAGE PRICE SOLD IN THE OV/OLD MT P:  The average price for 2nd quarter of 2013 was $562,700 which is up from 2012 when homes averaged $525,000 and $476,000 in 2011.  This  growth over a long period of time indicates a stable market.

AVERAGE PRICE PER SQUARE FOOT IN THE OV/OLD MT P:  No surprise that while the average home price increases, the average price per square foot goes up as well:  Price per sq. ft. averaged $257 in 2013, which is up from $235 in 2012 and $201 in 2011.

AVERAGE DAYS ON MARKET IN THE OV/OLD MT P:  This is impressive and supports the fact that inventory is so low it cannot satisfy buyer demand.  Homes were on the market for an average of 37 days this quarter (Wow!) vs. 167 days in 2012 and 162 in 2011.

HOMES SOLD IN THE OV/OLD MT P:  There were 39 homes sold this quarter, vs 39 homes sold in the 2nd quarter of 2012, and although that number did not increase, sales are up significantly from the 2nd quarter of 2011, when only 25 homes sold.                                                                            Thinking of selling?  Now is the time!

Thinking Of Selling? Read These Stats!

Since The Cassina Group was founded in 2006, we have rapidly expanded and have become a recognized leader in the Charleston real estate market. In 2011, our group handled 143 transactions and over $51 million in sales.  In 2012 we handled 235 transactions and over $96 million—which placed us in the top 2% of the Charleston MLS!  This is impressive, as we are a small office with about 12 agents.

As of today, July 1, 2013 we are on pace to far exceed these figures with over 147 transactions sold and $58 million in business closed thus far! On a personal note, I am on track to close more this year than I have closed in any given year…. Ever!

If you are thinking about selling your home, I ask you to consider listing with me! I am committed to providing fast, professional and courteous personal service to help you understand and feel at ease throughout the home selling process. From setting the price to creating marketing campaigns for traditional media and the Web, we have a proven plan that will match your home with the right buyers for the right price. Our results are clear:

*Our homes are on the market for significantly fewer days… Cassina Listings were on the market for an average of 31 days as compared to the Charleston MLS average of 96 days.

*We get our sellers a larger percentage of their asking price…Cassina Listings received 95.6% of their asking price as compared to the Charleston MLS average of 90.1%

*I sell the Old Village/ Old Mt. Pleasant.   Since starting my business in 2000, I have been a top producer in the neighborhood, finishing consistently in the top 1% of all agents (.4% to be  specific!)

I specialize in the in this neighborhood and would love the opportunity to provide you with a free competitive market analysis of your home or help you learn more about market trends and more. Stop by and see me at my office, located at 309 Coleman!

INTRODUCING THE AMERICAN FUNSHIP!

Please join me in congratulating our neighbors, Alison & John Guerriere, on the launch of their new family fun cruise, the American Funship. The American Funship is a super cool boat with a sun deck &  WATER SLIDE! It’s the perfect getaway for families, couples and small groups who are looking for a new way to enjoy our beautiful harbor and coastline. Check it out: americanfunship.com or Facebook.com/AmericanFunship and tell them Jackie sent you!

Recently Sold Properties In Old Village/ Old Mt. Pleasant

Please note!  I am proud to have sold more homes in the OV/Old Mt. Pleasant this quarter than any other Realtor! 
ADDRESS                                                  SALES PRICE             SALE DATE

623 Coral St                                                 $233,000                      05/15/13

636 Atlantic St                                              238,000                       04/19/13

730 McCants Dr                                            250,000                      5/30/13

1120 Simmons St                                           256,000                     5/23/13

1482 Kinloch Rd                                            264,000                     6/10/13

752 Center St                                                  275,000                     4/15/13

707 McCants Dr                                             275,000                     6/28/13

1309 Bellview Dr                                           280,000                     5/6/13

1517 Barquentine Dr                                     280,000                     5/3/13

1453 Pocahontas St                                       285,000                     6/4/13

515 McCants Dr                                             289,000                     4/17/13

1485 Indian St                                               295,000                      5/24/13

414 Morrison St                                            315,000                       6/19/13

909 Royall Ave                                              325,000                      4/8/13

1410 Heather Dr                                           355,000                       4/26/13

903 Royall Ave                                             375,000                       4/30/13

1448 Pocahontas St                                     390,000                      6/27/13

1411 Hindman Ave                                      400,000                      5/31/13

655 King St                                                  420,000                       4/26/13

1309 Kings Ct                                              430,000                       5/31/13

1461 Barbara St                                          435,000                        4/1/13

619 Ruby Dr                                               455,500                         6/10/13

724 Gate Post Dr                                       474,000                         5/21/13

305 McCants Dr                                        485,000                         5/23/13

703 Gate Post Dr                                       500,000                        6/14/13

661 Ferry St                                               539,700                          5/17/13

313 Queen St                                             540,000                         4/22/13

788 Post Oak                                            549,000                          4/30/13

637 Gate Post                                           557,000                           6/28/13

542 Center St                                           563,000                           5/31/13

310 Rivers St                                           565,000                            6/28/13

108 Friend St                                          635,000                            6/6/13

1314 Pherigo St                                      657,500                             4/4/13

301 Center St                                         845,000                             6/10/13

302 Bank St                                           874,000                             6/28/13

109 Hardware Alley                             1,021,500                           4/19/13

920 Royall Ave                                      1,292,500                          4/23/13

935 Royall Ave                                      1,292,500                          4/23/13

613 Pitt St                                              2,737,500                           5/1/13

We Love Shem Creek!

Shem Creek has always been a local favorite, and for good reason! Here, you can float up on  your boat, Paddle board, boogie board, dog, whatever-gets-you-on-the-water, and dock alongside your choice of several great restaurants. Locals and tourist alike can all be found here post beach, enjoying the fiery sunsets over the Creak, enjoying a cool drink and some low country boil. Despite all the boat traffic, Shem Creek is also a great place to look for dolphins! They are known to show off for the crowds here. Consider yourself especially lucky if you can spot a Manatee! If the thought of peeling your own shrimp doesn’t scare you off, be sure and keep an eye for the shrimp boats heading back to the docks. There are several all local seafood markets along the creek, selling the freshest shrimp possible- right off the boat. They can be tricky to find, but just follow your nose to the source of one our best local delicacies.

506 Pitt Street in Historic Old Village… NOW AVAILABLE FOR $875,000

There are few places in Charletson, much less Mt. Pleasant, where you can have it all;  a charming house, walking distance to Pitt  Street Pharmacy, shops and restaurants  biking distance to the beach,  idyllic oak lined streets,  historic touches like heart of pine floors, and great local schools. This little gem has it all and  is now  listed for $875,000!

The home is located on a spacious lot, with a detached garage, perfect for the weekend warrior.  Check out more pictures here.   

Number of Homes and Average Price Sold Are UP In The Old Village/ Old Mt. Pleasant

Update on the Old Village, SC homes for sale and Old Village Real Estate!   The number of homes sold is up from last year, and although this number is up only slightly, this is still a good indication…  From Jan 1- Aug 1, 2010, there were 32 homes sold in the neighborhood compared to 36 homes sold this year.  Again, not a huge jump, but movement none the less.  And the “average sales price” is up as well, with an average price of $402,000 for 2010 compared to $485,000 in 2011.   If you are interested in reviewing these statistice in detail, let me know and I will send you more info… In the mean time, I thought I would share the sales in the neigbhorhood for this year. 

SALES IN THE OLD VILLAGE/ OLD MT PLEASANT FROM JAN 1, 2011- AUG 1, 2011.

ADDRESS	BEDS	BATHS	LIST PRICE	SOLD PRICE
717 Center St	2	1/1	$139,000	$124,000
739 Center St	2	1/1	$129,000	$127,900
910 Center St	3	1/1	$159,900	$148,000
1492 Allen St	4	1/1	$190,000	$170,000
835 McCants	2	2/0	$210,000	$181,500
426 Bank	3	2/0	$300,000	$195,000
1462 Heather	3	2/0	$204,900	$204,900
1453 Barbara	3	1/1	$240,000	$220,000
603 Palmetto	2	2/0	$254,900	$243,000
1460 Heather	4	2/0	$259,000	$250,000
1430 Glencoe	3	2/0	$253,000	$253,000
705 Magnolia	3	2/0	$274,000	$255,000
212 Rivers	3	3/0	$375,000	$267,500
1496 Indian	3	2/0	$289,000	$270,000
661 Fox Pond	3	2/1	$295,000	$286,400
717 Adluh	3	2/0	$325,000	$325,000
655 Ferry	3	3	$375,000	$325,000
524 Klein	3	2/0	$379,000	$365,000
121 Freeman	3	1/1	$420,000	$402,500
416 Church	3	2/0	$535,000	$408,000
223 Center	4	3/1	$449,000	$425,000
905 Royall	4	3/1	$474,900	$447,500
521 Old Bridge	4	3/0	$500,000	$485,000
509 Klein	3	2/0	$500,000	$499,000
118 Freeman	4	3/1	$570,000	$570,000
641 Pitt	4	2/0	$650,000	$665,000
750 Powhatan	3	2/2	$775,000	$775,000
500 Pitt	4	2/0	$850,000	$795,000
797 Post Oak	4	3/1	$879,000	$835,000
116 Hyer	3	3/1	$925,000	$831,000
916 Pitt	4	3/1	$849,000	$845,000
720 Pitt	4	4/1	$1,075,000	$850,000
5 William	4	4/1	$1,000,000	$890,000
108 Live Oak	4	3/1	$1,045,000	$925,000
118 Pitt	4	3/1	$1,250,000	$1,050,000
206 Haddrell	4	4/1	$1,695,000	$1,450,000

Information deemed reliable but not guaranteed–Copyright: 2011 by the Charleston Trident MLS Association of REALTORS

Prepared by JACKLIN KELLY of THE CASSINA GROUP, LLC on 8/5/2011 1:57:33 PM