Daniel Island | Charleston SC Blog

Short sales and foreclosures have been few and far between as a result of the strong Charleston real estate market. However, this month there are 3 interesting opportunities in the Avian neighborhood of Belle Hall, Isle Of Palms, and Kiawah Island. Liens on these home range from $1,300,000 to about $3,600,000. Purchasing a home in the foreclosure auction isn't for everyone, but if you work with an experienced realtor and cover all of the proper steps it can be lucrative. For more information on these opportunities call Drew Salazar at 480-365-9585.

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Fig Restaurant Executive Chef Jason Stanhope won Best Chef In The South title during the James Beard Award Gala in Chicago this month. This restaurant is frequently mentioned around Daniel Island as a place to go in Historic downtown Charleston. Just a 20 minute drive, it is well worth the effort. The environment and staff is unpretentious making the scene very inviting and comfortable. Other close contenders were the chefs at Husk and McCrady's.

Other big news on the Charleston restaurant scene is the acquisition of High Cotton, SNOB (Slightly North Of Broad) and Old Village Post House by Hall Management Group. The Hall family owns Charleston's leading steak house Halls Chop House.

From our experience all of the restaurants are outstanding choices

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With the announcement that Volvo will build it's first U.S. manufacturing plant in the Charleston South Carolina area, we are benefiting from a third auto manufacturer in the area. BMWs are rolling off the assembly line here and Mercedes- Benz vans has announced anew $500 million plant to be built in North Charleston. The Boeing plant which assembles Dream Liners here had a huge impact on the area over the last 5 years. We are delighted to see these companies move here and attract high tech employees to paradise. Our economy is strong and will only improve going forward. New retail centers are popping up and new home construction is strong throughout the area.
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The real estate market here just had its busiest buying week in history.  We had 397 homes go under contract in one week. Anything over 200 is good and 300 is great.  Almost every week this year has been over 300. Prices are rising nicely, but doesn’t seem uncontrolled.  Most homes are not quite back to their 2006/7 values yet.  Very close, but not all the way.  At that time, those prices were wrong.  We got well above the trend line. Now we are actually below the trend line and have lots of room for appreciation.  Houses are not staying on the market long, because demand is so high.  High demand is also keeping inventory in check.  The good news is that inventory is not going down and that will keep prices from skyrocketing.  Also, the process of getting

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Daniel Island closings of home sales of all types as of March 22nd are running slightly stronger than last year at this time.

Daniel Island Home sales                                                                                                   
   Total  $1,000,000 - $1,500,000 Above $1,500,000
2015  57  8 2
2014  56  6 1

For more information on Daniel Island market dynamics and important facts to be aware of if you are considering a purchase on Daniel Island, Please give us a call at 843-259-9913.

 

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Part of the reason families are attracted to Daniel Island South Carolina is to stunning natural beauty. We just listed a Daniel Island Park home that is a rare find. 332 Rhoden Island Drive is the perfect downsize for families looking to move from the big family home to an easy to care for home with all of the upgrades they are used to. Of particular note is the stunning views over the golf course to miles gently swaying marsh grasses and tidal waterways. Almost every room in this home has a view. The quality of construction is among the best we have seen. Click on image for full details of this home.

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With so much new construction in sections of Daniel Island it is interesting to note what percentage of total home sales new spec homes represents.

2013 34% of homes sold were new builder spec. Homes.  73 new builder spec homes sold vs. total home sales of 213 homes homes.

2014 24% of homes sold were builder spec homes. 75 new builder spec homes sold vs. total home sales of 319 homes.

Interested in learning more about Daniel Island? Give us a call. We are happy to help.

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This overview of Charleston by community is helpful is quickly seeing the changes is sales volume and pricing year to year. If you have specific questions about this information or want to understand the market value of your home, we are happy to help.

Open report

 

 

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CHARLESTON, SC—(February 10, 2015) According to data released today by the Charleston Trident Association of Realtors® (CTAR), January home sales in the Charleston region are the highest they’ve been in eight years. Not since January 2007 have monthly sales surpassed the 800 closing mark. In January 2015, 890 homes sold at a median price of $209,603.

The region saw eerily similar figures in January 2007, when 890 homes sold at a median price of $209,945. The striking difference between the 2007 market and current market however, is the inventory. Eight years ago, there were almost 9,000 homes for sale; today, there are just over 5,500—37% less homes for buyers to choose from.

“With significantly less inventory, buyers are still finding what they

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According to readers of TripAdvisor, their #2 favorite hotel in the USA is the French Quarter Inn in Historic Charleston South Carolina. Several of our clients have stayed their and speak highly of it. We also suggest Charleston Place Hotel and the Market Place Pavilion with it's roof top pool and bar/dining scene. For B&B check out Two Meeting Street.

Here is a link to the TripAdvisor report on top 25 Hotels In USA

If we can answer any questions to make your stay here better, call Prestige Real Estate at 843-259-9913.

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