All Blog Entries by Scott Campbell

Found 92 blog entries published by Scott Campbell.

Travel and Leisure Magazine named Charleston as the best city in the US for the fifth consecutive year and they also named us the 2nd best city in the World.

Southern Living Magazine named Charleston the #1 Best City in the South.

Food and Wine Magazine ranked Charleston in their list of the Top 10 Most Exciting Food Cities in the World.

Of course, with all this going on, the real estate market continues to move forward nicely. Year to date, transactions are up 7.7% over the same period from 2016. 2017 will likely be the busiest year in Charleston history. We may sell over 18,000 properties. Median sales price is up a modest and sustainable 3.9%. Median sales price is at an all-time high of $253k. However, according to my analyst regression

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Charleston Real Estate

2016 was another great year for Charleston and its real estate market.  Through November, we were up 10.8% year to date over 2015 in the number of transactions.  Over 17,000 homes have sold in 2016 and it will be the 2nd busiest year ever. In terms of median price, we are up a modest 4.5% year to date over 2015 and the median sales price is now at $245,000.  While that is an all time high, it is below the trend line running back to 1991.  That trend line predicted we would be well over $250k by now.  That tells us that we are somewhat undervalued and have room for appreciation.  With migration from the north and influx of new businesses, 2017 will be another great year for Charleston and its real estate market. Charleston’s new

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The holidays in Charleston are magical. The city comes alive with festivities, decorations and the people couldn't be friendlier. Please enjoy this excellent article.

Atlantic Journal Constitution

Christmas In Charleston SC

Photo courtesy of the Charleston Area CVB, ExploreCharleston.com

 

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Our real estate market here continues to do very well.  New construction is prominent in several MLS areas including Johns Island and Mt Pleasant.  However, new construction seems to be making its biggest strides in the Jedburg area near the new Volvo plant.  The Nexton community is going to dwarf the already sizable Cane Bay subdivision.  They’re actually building a new exit ramp off I-26!  Overall, the tri-county areas are up 10.5% in number of transactions YTD over 2015.  2016 will likely see over 16k transactions and it will probably be the 2nd busiest year ever.  Median sales price is up 5.1% to $244k.  I hear many people concerned that this may be too inflated and that we may be experiencing another bubble in the housing market.  However, there are

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Beating out major cities like San Francisco, Chicago, and New York City, Charleston ranked second only to New Orleans in the “Best American Cities for Food” survey. In the picture, Charleston is represented by an image of Leon’s Oyster Shop’s chargrilled oysters. The ranking continues Charleston's success in the reader-determined awards. Just last month, Charleston was announced as the winner of the “best city in the world” title, decided by the same survey.  Charleston’s growth is not going unnoticed and the fine dining options are only one part of what makes Charleston such an amazing place to live and travel to.  

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We recently mentioned the new performing arts center coming to Daniel Island. Now an exciting new restaurant is coming to Daniel Island! Dockery’s is a 10,000 square foot restaurant that will offer live music and its own on-site brewery! Located on Island Park Drive, Dockery’s is in a prime development location next to the recently announced Daniel Island Performing Arts Center.  Dockery’s is owned by the restaurant group, Concentrics Restaurants, a James Beard nominated, nationally acclaimed restaurant group based in Atlanta, Georgia. The restaurant set to open in Summer 2017 looks to be a destination restaurant on the island. The restaurant will serve lunch, dinner, and a weekend brunch. This should be a hot spot for all ages!

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Once you buy and sell a few homes you realize that having information about the home you are considering, other similar homes, the local economy and so on is very important to making an intelligent decision.  Numbers, metrics and objective analysis drive the business. Without this information you are subject to the whims of the real estate agent and whatever their agenda may be. Whoever has access to the best data wins. Getting data in residential real estate is daunting. Most turn to Zillow, Trulia and Realtor.com. These sites either don't publish useful info or it is notoriously outdated or misleading info. 

The answer is to hire a sharp realtor who does the research for you for market data only available to realtors through the MLS.   A real estate

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A new, Daniel Island inspired, 18,000 home development in the Cainhoy area will be the largest ever for the Charleston area. The new development will encompass 9,087 acres; larger than the Charleston Peninsula and Daniel Island combined.  It expected to be a partnership between the Guggenheim Foundation, The Daniel Island Company and The Beach Company.

Cainhoy Plantation will be a city-sized community of up to 45,000 residents. The development will benefit from major lane expansion and improvements on both Clements Ferry Road and Highway 41, that will be complete in 2021.  An investment now, in my opinion, in real estate along Clements Ferry Road may represent an attractive opportunity.  However, traffic may be challenging until the lane expansions

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There is a lot of excitement about the new Daniel Island Performing Arts Center. The Performing Arts Center is expected to open in 2019. The new arts center will be located in a great central location in downtown Daniel Island. It will feature a 450-seat Proscenium Theater, a 99-seat Black Box Theater, and Combined Indoor Lobby and Outdoor Plaza Gathering Spaces. We are excited to have another landmark on Daniel Island that will continue to bring more culture and vibrancy to our Island Town. The effort is an exciting one not only for Daniel Island but also for the entire Charleston area -- which has had the desire for additional performance venues. The center will bring more diversity to downtown Daniel Island and only continue to add to our

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With Charleston’s accelerated economic and population growth, it’s popularity continues to increase.  Just last week, Travel and Leisure selected Charleston as the #1 city in the world,  Not surprisingly Daniel Island also continues to expand.  One new development is Wharf 7, a new luxury apartment community located in Daniel Island Park. Wharf 7 will be completed before the end of 2016 and some units are available for a pre-lease today.  This pet-friendly apartment, home to a dog park and pet washing area, also has easy access to other great amenities.  This includes Daniel Island’s 25 miles of trails, a freshwater pond, and a saltwater pool.  This community-based apartment has a 10,000 square foot clubhouse with a coffee bar and meeting rooms that

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