Daniel Island | Charleston SC Blog

Remember those boring economics classes in college. Well the big take away from all those hours was supply and demand dictates the price of available products in the market place. This is very true of real estate. A year ago active listings on Daniel Island of homes, townhomes and condos totalled 282 listings. Today active listings total 210 - down 25%. Active listings above $1,000,000 was 66 last year at this time and is now 48 down 27%.

Buyer activity has increased dramatically. Web site visits are through the roof and showings at all price points are brisk. Last year at this time there were four of Daniel Island's deep water "crown jewels" available on Ralston Creek Street. This weekend we were pleased to put the last one under contract. We

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Vanity Fair Magazine article

Charleston’s Food Festival

by S. P. Nix

March 31, 2011, 10:00 AM

Not to put too fine a point on it, but Charleston may be America’s Paris. It’s stunning. Its standards for quality are stellar. And its self-pride is so clearly justified that one can’t help but feel proud for it. Read More

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Powerful New Search Tools

In response to requests from our friends and clients, we have added the ability to easily search for your family's favorite search criteria. When you use "Advanced Search" you can now search for homes with your favorite features such as beachfront, homes with a dock, screened porch, elevator, golf course view, and on and on.

We are particularly excited for our clients with school age children, because you can now search for homes within a certain school's district, such as homes served by Wando High School or Cario Middle School or any school in the Charleston area. Find your favorite school and then find a great home served by that school. That's the Easy Button!

You can also search for communities with specific amenities

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Play it again Sam! Sam Stosur returns to Daniel Island to defend her 2010 Family Circle Cup title.

As you read this article, some of the world’s best female tennis players are making their way to Daniel Island for the 39th annual Family Circle Cup (FCC), one of the most anticipated events of the year in the Charleston region. Caroline Wozniacki (World No. 1), defending FCC champion Sam Stosur, Jelena Jankovic, Shahar Peer, Marion Bartoli, Maria Sharapova, Nadia Petrova and U.S. powerhouse Melanie Oudin are among the 125 players who will hit the clay courts at the Family Circle Tennis Center to compete for a chance to win some $721,000 in prize money and the coveted FCC crown.

Read More

 

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Folly Beach House

This home is bank owned and has wonderful ocean views. if you are looking for a relaxed casual beach cottage don't miss this opportunity. Excellent rental income and great potential as a cute cottage for personal use. It odes need TLC, but worth the effort. It will sell quickly:

Click on the picture for full details

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Great Deals Are Disappearing Fast...

Pacman has hit Daniel Island over the last six months. Most of the great deals in Daniel Island Park have sold. 175 King George is a hot deal due to aggressive pricing reductions. It is an elegant home backing to marsh on a popular street. The  home was originally listed at $1,225,000 in January 2011 and has been reduced several time to its current price if $1,075,000. At  242/SF this is a hot deal in today's market. If you have possible interest in this property call us now, we have more information. This home will sell very quickly in our opinion. Please call us at 843-259-9913.

Click on the picture for full details:

175 KIng George Street

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Annual Charleston Area Events

The Charleston area offers wonderful events year long. Whether it is spreading out blanket on the shores of Smythe Park Lake on Daniel Island, attending a cultural event at Spoleto Festival in May, enjoying the Azaleas at the Flowertown Festival in Summerville or enjoying professional golf and tennis on Daniel Island there is something for everyone. These are don't miss events:

Annual Festival of Houses and Gardens

Mar 17, 2011 - Apr 17, 2011    -    Downtown Charleston

Historiccharleston.org
 

Charleston International Antiques Show

Mar 18, 2011 - Mar 20, 2011    -    Downtown Charleston

historiccharleston.org

 

Charleston

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Southwest Airlines begins service from to/from Charleston later this week. Non stop flights are offered to Baltomire/Washington, Houston, Chicago (Midway) and Nashville. From these hubs you can connect almost anywhere is the U.S. - check out the Southwest route map. Rates are low and what a great time to come to Chalreston. The weather is beautful. Check out Southwest flights now.
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Mortgage rates are expected to slowly climb this year, but for now they are very attractive. Here is an example from Bank Of America:

Effective: February 25, 2011 ***See Assumptions at bottom***

Present the latest great rates to your customers with these Bank of America programs designed
to fit most every homebuyer’s dream:

 

 

Rate

Points/Origination

APR

30 Year Fixed

4.750%

0.000%

4.786%

15 Year Fixed

4.125%

0.000%

4.179%

5 Year ARM

3.500%

0.000%

3.211%

7 Year ARM

3.750%

0.000%

3.386%

30 Year Jumbo

5.625%

0.000%

5.656%

5 Year Interest Only ARM Jumbo

4.375%

0.000%

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We had the pleasure of hearing a detailed presentation by Joey Von Nessen, PHD, a research economist with Resh Marketing in Columbia and an assistant professor of economics at the University of South Carolina’s Moore School of Business.  Dr. Von Nessen studied all aspects of the local economy and presented an encouraging picture...“The question is not whether we are recovering, it’s just how long is it going to take.” With the very busy year we had at Prestige Real Estate Group breaking all of our company's sales records and the extremely busy beginning to 2011, we agree with Dr. Von Nessen's evaluation of the local real estate market. The great deals that remain are attracting multiple offers and available inventory is dwindling. Buyers looking for great

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