All Blog Entries by Scott Campbell

Found 98 blog entries published by Scott Campbell.

According to an article in Venturebeat.com, Charleston is one of the fastest-growing regions in the U.S., Charleston, South Carolina is now the No. 1 mid-sized metro for millennials, according to the US Bureau of Labor Statistics. As of 2016, the metro area was growing at three times the rate of the U.S. population. Yikes a flood of Millenials...we need to figure that generation out.

All very exciting for those of us living in paradise. The Charleston employment scene is improving quickly. We moved to Charleston from Denver. Denver was on fire with young entreprenuers creating tech companies everywhere. The result was there and is now here in Charleston a thriving economy, lots of cool new hot spots or of course the real estate is hot. To understabd

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Charleston Regional Business Journal reports Charleston was among the top 5 ranked for overall best places to find a job. The study was done by WalletHub. Check out The Charleston Regional Business Journal for lots of great information about our wonderful area. They do a great job of reporting on business related issues. In the 13 years we have been here corporate America seems to have discovered our area. New manufacturing facilities for Boeing. Mercedes, and Volvo to name a few.

WalletHub has a pretty impressive advisory board that ranks cities and states for lots of factors. It is nice to see that Charleston stacks up as #6 in the country for affordability. We often must resuscitate clients coming from places like New Jersey and Connecticut when

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I find myself this morning sitting in the waiting room at a car dealer. Just the thought of visiting a car dealer brings a high level of dread. Images of sales guys standing in the parking lot smoking the boredom away, dirty service areas, dirty bathrooms and worn out service guys who are under orders to get sales up in the service department. I would normally ask my wife to take it in, but this is going to be a Baker Motors experience.

Having run companies, large marketing divisions and now Prestige Real Estate Group, I am always amazed when I experience a consumer business that truly has a passionate culture of putting the customer first. It is not easy. It takes leadership from the top with a serious commitment to serving the public. I want to take

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 THE WAY TO MAKE MONEY ON A HOME IS TO BUY IT RIGHT.

Of course, finding a good deal involves using a number of indicators of value, understanding seller motivation, the condition of the home, the realtors ability to negotiate and much more.

I always find it disappointing to get a call from a nice family asking us to list their home if they are in trouble before they even start. We know before we even walk the home that the seller is going to lose money. If you fell in love with a shinny new home and over paid for it, you are not going to be happy when you sell it. A number of factors go into determining if a home is a good deal. I plan to post a series of tips on how to buy a home right. 

One useful metric to study is "Months Of Inventory" for

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Charleston has grown at a rapid rate in recent years. A recent study indicated Charleston is second in growth to Austin TX. In Charleston's market, lifestyle is the big driver of growth. Families looking to improve their life, live in a smaller city with all of the amenities of a big city, and enjoy lower real estate taxes are making the move. Of course, growing employers like Boeing, Bosch, Mercedes and many others bringing new hires in. 2017 was the busiest year ever for home sales. The growth rate of homes sold was up 3.4% over 2016 and median price was up 4.3%. Of course, this is not a huge increase which delights us as the growth rate is sustainable. We are not seeing the dynamics of the 2008-2009 period of speculation.

 

It is

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Great news for folks in or near Chicago. You can escape the brutal winters in the windy city. American Airlines now has two non stop flights a day between Chicago and Charleston International Airport. American has also added flights to Mrytle Beach. Check the American Airlines site for details. The schedules are seasonal in some cases. Hey a little tip too...if you are watching your travel expense there are 3 airports not too far from Charleston in addition to Charleston Airport. Sometimes we have found great fares making the approximate 90 minute drive from any of there airports worth the time. Those airports are Columbia Airport, Myrtle Beach International Airport and Savannah/Hilton Head International. However you get here you will find Charleston an

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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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