Charleston Market Report

Posted by Scott Campbell on Friday, December 30th, 2016 at 8:17am.

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 mayor, John Tecklenburg, seems to be doing a great job and there is important infrastructure progress being made throughout the city and the suburbs. New schools will be opening, new road widening projects, and new hotels are a few examples. The word is out on Charleston and wonderful new families are moving here every day.

Winter In Charleston!

2017 is finally here.  Make sure to have your Hoppin’ John and collard greens on New Years Day.  It’s a low country tradition that promises good luck and money in the new year.  January and February are the only 2 months of iffy weather here. It may be a high of 50 one day and 75 the next. One thing is for sure there is no snow and we sure appreciate where we are when we watch the weather on TV. I love sending friends pictures of us sitting on the beach or walking our dog in shorts. Just can't help myself.

Charleston Events

Lots of events coming, but don't miss Charleston Restaurant Week. All of the major restaurants have fabulous specials at deep discounts rates. :

1: Bill Murray Look-a-Like Polar Plunge, Folly Beach

4-22: Charleston Restaurant Week

5: Garrison Keillor, Gaillard Center

8: Houston Persons, Turtle Point Kiawah

9-10: Charleston Health and Wellness Expo, Gaillard Center

11: An Evening with Jullian Fellowes, Dock Street Theatre

12: Literary Luncheon, Library Society

12: Chamber Music Charleston, Dock Street Theatre

13-14: Monster Jam, N Charleston Coliseum

14-15: Beginners Beekeeping Course, MUSC Gazes Auditorium

14: Southern Fried Chicken Challenge, Grove at Patriots Point

14: Justin Willman, Sottile Theatre

17-18: Shen Yun Chinese Dance, Gaillard Center

18-21: Charleston Comedy Festival

18: Dave Mason, Charleston Music Hall

19: Music of Louis Armstrong, Kiawah

21: Charleston Jazz Festival, Gaillard Center

22: Elvis Lives, Gaillard Center

23-28: Charleston Wedding Week

23: Shadowland, Gaillard Center

27: Bernadette Peters, Gaillard Center

27: Beach Boys, N Charleston Performing Arts Center

29: Lowcountry Oyster Festival, Boone Hall

 

Scott Campbell

Owner, Broker Associate

Prestige Real Estate Group

843-259-9913

scampbell@prestigesc.com

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