Charleston-area home sales climb 23% so far this year – From Post & Courier

Charleston-area home sales climb 23% so far this year

Rising home sales in the Charleston region means less supply is available, making it tougher for would-be buyers.

Breakdown

Charleston County

732 sales in March at a median price of $285,000

Most active areas: Mount Pleasant above the Isle of Palms connector, where 127 homes sold at a median price of $409,900; North Charleston/Summerville outside I-526, where 92 homes sold at a median of $150,602; and James Island, with 91 sales at a median of $279,900.

Berkeley County

325 sales in March at a median price of $202,000

Most active area: Between Jedburg Road, U.S. Highway 17A and College Park Road, where 74 homes sold at a median price of $202,000.

Dorchester County

272 sales in March at a median price of $181,750

Most active area: Summerville/Ridgeville, where 142 homes sold at a median price of $194,000.

Charleston Trident Association of Realtors. Sales numbers exclude homes outside the county lines that involved association members.

[Read more…]

Charleston’s million-dollar home market getting stronger – From the Post & Courier

Isle-Of-Palms-1

On Kiawah Island, a 15,000-square-foot house with seven bedrooms, nine baths and three half baths is for the taking at $18 million. There’s another half that size on the resort island for about $9.5 million.

On the Charleston peninsula, it’s easy to find homes for $2 million, $3 million and $4 million up for sale. Mount Pleasant and Daniel Island offer high-dollar listings as well.

But how is the market for the wealthy assets?

Last year, 321 multimillion-dollar homes in the Charleston region changed hands, [Read more…]

Charleston is ranked No. 3 U.S. travel destination by TripAdvisor – From the Post & Courier

Screen Shot 2015-03-25 at 9.55.06 PMBy: John McDermott  @byjohnmcdermott

Charleston vaulted 10 posts from last year to become the No. 3 U.S. travel destination, according to TripAdvisor’s latest Traveler’s Choice awards.

The No. 1 spot for the fifth year in a row was New York City, and Chicago came in second. Las Vegas and Seattle rounded out the top five. Among international destination, Marrakesh, Morocco, took top honors.

“Historic Charleston is bursting with Southern charm and hospitality,” TripAdvisor said on its website. “The city feels a bit like it’s suspended in time, thanks to its antebellum architecture and surrounding plantation landscapes. Take in incredible views of the Battery and the French Quarter as you stroll the Waterfront Park, then become inspired by the cultivated beauty of the gardens at Middleton Place. At night, try a ghost tour for an introduction to the spooky side of the city.”

It also recommended the Ravenel Bridge and Magnolia Cemetery among 405 things for visitors to do while in the area.

Newton, Mass.-based TripAdvisor said it recognized 469 places around the world based reviews and opinions from travelers. It said in a written statement Tuesday that the winners were determined using an algorithm that took into account the quantity and quality of reviews and ratings for hotels, restaurants and attractions in destinations worldwide. The information was gathered over a one-year period.

“These world-class destinations chosen by our community are rich in history, culture and beauty and offer endless sights to explore,” Barbara Messing, chief marketing officer for TripAdvisor, said in the statement.

The Peninsula Co – Your Source for Charleston Real Estate

Why choose the Peninsula Co as your source for Charleston, South Carolina real estate? Because we know this market. Our associates represent dozens of years of combined experience in Charleston area real estate.

We’ll help you experience the richness and diversity of Charleston. Looking for a historic downtown mansion? How about a luxury condo, waterfront cottage or old plantation house? Our agents are experts in making one of life’s largest purchase decisions effortless, stress-free and fun!

[Read more…]

Year-to-date home sales up nearly 20% in Charleston Real Estate

From the Charleston Regional Business Journal  Published March 12, 2015

By Ashley Heffernan
aheffernan@scbiznews.com
Published March 12, 2015

In February, 1,000 homes sold in the tri-county area at a median price of $212,145, according to the Charleston Trident Association of Realtors. That’s about 100 more homes sold and a price increase of $2,500 compared to January data.

There are currently 5,655 homes listed as “active” for sale with the Charleston Trident Multiple Listing Service, which is nearly a 3% increase from January’s inventory, the association said.

“For several years, the tri-county region has been the focus of worldwide attention, and now our local economy is enjoying the benefits,” CTAR President Matt DeAntonio said in a statement. “Charleston has been well marketed, and it has resulted in an influx of business, industry and people to our area.”

Year-to-date, 1,898 homes have sold in the region, which is nearly 20% more than at the same time in 2014, according to the association. The year-to-date median price is about $211,000.

Berkeley County
There are nearly 1,200 homes for sale in Berkeley County, and 259 homes sold at a median price of $185,000 last month, the association said.

The most active part of the county in February was the area bordered by Jedburg Road, U.S. Highway 17A and College Park, where 56 homes sold at a median price of $187,250.

In February, there were 373 new single-family detached home listings in Berkeley County, a 16.6% increase from the previous year; and the average number of days that homes stayed on the market was 61, down nearly 35%, according to the association.

Charleston County
Nearly 3,000 homes are for sale in Charleston County, representing 53% of the Lowcountry’s total available inventory, the association said.

Last month, 511 homes sold at a median price of $275,000 in the county, with the most active spot being in Mount Pleasant north of the Isle of Palms Connector. Eighty homes were sold in that area at a median price of $383,450. An additional 70 homes sold at a median price of $155,892 in the North Charleston and Summerville area of the county outside of Interstate 526, according to the association.

There were 649 new single-family detached listings added in Charleston County last month, a 2.6% decrease from the previous year; and the average number of days that homes stayed on the market was 73, a nearly 20% decrease from 2014.

Dorchester County
In Dorchester County, 920 homes are on the market currently, and 169 homes sold last month at a median price of $180,000, according to the association.

The most active spot in the county was the Summerville-Ridgeville area, where 78 homes sold at a median price of $202,727, the association said.

New listings for single-family detached homes in Dorchester County were up 40.7% last month from 2014 to 287. The average number of days that homes stayed on the market in the county was 62, which is about 15% fewer than the same month last year.