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.
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