1437 Appling Drive, Mount Pleasant

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Enjoy this water front home in Mount Pleasant with 4 bedrooms and 5 full baths! Nestled lakeside, this home has all the luxury upgrades one is looking for, and is move in ready. Features include: Brazilian cherry hardwood floors throughout, detailed crown molding on all floors, living room with carrara surrounded fireplace, and custom built-ins,  kitchen with granite countertops, custom cabinets, and high-end appliances by Wolf, Bosch and Sharp.

For further information or to schedule a showing, contact Tom Hodges: P- (843).810.5232  E- Tom@thepeninsulaco.com

And be sure to view the link below for a walkthrough video of this home!

1437 Appling Drive

 

Market Report- From Charleston Trident Association of REALTORS

Market Report- CTAR

CHARLESTON AREA RESIDENTIAL REAL ESTATE SALES AND PRICES STABLE 

CHARLESTON, SC—(August 10, 2015) 1,679 homes sold in July in the tri-county area at a median price of $237,750 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In July 2014, 1,395 homes sold at a median price of $216,000.

Year-to-date data shows that sales volume is about 19% ahead of where it was in 2014, and median price has increased by 4.6% in the region. Thus far in 2015, 9,600 homes have sold at a median price of $227,455. Through July 2014, 8,049 homes had sold at a median price of $217,437.

To put the last two years of year-to-date figures in comparative perspective, annual sales figures from 2009-2011 were 8,341; 8,802 and 9,317, respectively.

Inventory remained steady, with 5,748 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS).

“Demand continues to outpace supply in our area, with many buyers reporting multiple offers on attractive, well-priced properties” said 2015 CTAR President, Matt DeAntonio. “However, prices are stable—that’s the metric we really watch to ensure that the market isn’t artificially inflating. Steady 4.6% price growth is a healthy level, certainly sustainable for our market” he concluded.

June Adjustment
Preliminary figures showed 1,679 homes sold in June in the tri-county area at a median price of $240,000. Adjusted data now shows 1,696 sales at the same median price.

Berkeley County
389 homes sold at a median price of $208,000 in Berkeley County in July. The most active area of the county was the area bordered by Jedburg Road/Hwy 17A/College Park—where 112 homes sold at a median price of $187,312.

Find Berkeley County area reports here. 

Charleston County
899 homes sold at a median price of $298,500 in July in Charleston County. The most active area of the county was North Mt. Pleasant, where 181 homes sold at a median price of $409,000.

Find Charleston County area reports here. 

Dorchester County
309 homes sold at a median price of $194,000 in Dorchester County in July. The most active area of Dorchester County was Summerville/Ridgeville, where 150 homes sold at a median price of $216,250.

2941 Worthington Drive- Marsh Front Lot

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4 bed, 3.5 bath, 3,108SF home will be ready by October 1st! Still time to choose your colors. Come be a part of building your MARSH FRONT house in Indigo Chase and be in the Charles Pickney and Cario school zones. House has open floor plan, master downstairs, hardwood floors, granite counter tops, ten foot ceilings, crown molding, screen porch, etc. Come get in early in the process and make choices to customize your house. Builder has built and closed 4 houses in the neighborhood already, and is starting a new phase of houses that range from 2800 to 3400 sq feet. Houses can be built on marsh front or lake front lots which are both available. Different elevations of the house are available as well.

‪#‎MarshFront‬ ‪#‎IndigoChase‬ ‪#‎ThePeninsulaCo‬

Tri-county homes prices up nearly $13,000 from 2014- From Charleston Regional Business Journal

Charleston Regional Business Journal 

By Ashley Heffernan

The demand for residential real estate in the Lowcountry is high and starting to outpace inventory, according to Charleston Trident Association of Realtors President Matt DeAntonio.

“Many people who would like to list their homes can’t yet,” he said in a statement. “Even if potential sellers have some equity in their home, it may not be enough for a down payment on their next home, and it takes time to build equity.”

Last month, 5,725 homes were listed as active for sale on the Charleston Trident Multiple Listing Service, the association said.

DeAntonio predicted more homeowners will be able to sell their homes during the second half of the year as the Charleston market continues to see “sustained, healthy price growth.”

In June, 1,679 homes sold in the tri-county area at a median price of $240,000, according to the association, up from 1,453 homes sold in June 2014 at a median of $227,548.

At the halfway point of the year, nearly 7,900 homes had been sold for a median price of $225,000 in Charleston, Berkeley and Dorchester counties, the association said. In the same period in 2014, about 6,650 homes had been sold at a median price of $216,274.

Berkeley County

In June, 380 homes sold at a median price of $202,815, the association said. The area bordered by Jedburg Road, U.S. Highway 17A and College Park Road remained the most active spot in the county for residential real estate, with 117 homes sold at a median price of $202,790.

Charleston County

There were 954 homes sold at a median price of $293,107 last month in Charleston County. West Ashley outside of Interstate 526 was the most active area of the county, the association said. At a median price of $228,500, there were 137 homes sold in that submarket.

Dorchester County

The Summerville and Ridgeville areas were again the most active spots in Dorchester County last month. Just over 150 homes sold at a median price of $219,000 in that area. Throughout the entire county, 296 homes sold in June at a median price of $197,500, according to the association.

Across the Palmetto State

In South Carolina, nearly 7,500 homes were sold in June — up 15.1% from 2014 — according to the S.C. Association of Realtors. The median sales price for those homes was $182,000, up 4.6% from June 2014.

Nearly 97% of homes sold received full list price last month, and the average number of days on the market went down statewide from 111 in June 2014 to 104 last month, according to the association.

“With interest rates managing to remain low into the summer months, the outlook is promising, even if rates go up later in the year,” a statement from the association said.

Inventory continued to shrink in the Palmetto State. About 41,000 homes were for sale in June, down nearly 9% from last year, and the supply of inventory decreased almost 20% from 8.6 months’ worth to 6.9 months. The association said that makes June the 12th consecutive month of year-over-year declines in inventory.

Number of residential homes sold, median price in select S.C. locations


Region

Aiken

Beaufort

Charleston Trident

Cherokee County

Coastal Carolinas

Greater Columbia

Greater Greenville

Greenwood

Hilton Head Area

North Augusta

Pee Dee

Piedmont Regional

Southern Midlands

Spartanburg

Sumter/Clarendon County

Western Upstate

State totals

Sales
June 2014

180

134

1,453

52

1,007

941

1,036

64

354

124

172

305

26

376

116

374

6,482

Sales
June 2015

205

162

1,691

56

1,118

1,125

1,242

85

413

147

177

288

25

414

118

430

7,460


% chg.

+13.9%

+20.9%

+16.4%

+7.7%

+11.0%

+19.6%

+19.9%

+32.8%

+16.7%

+18.5%

+2.9%

-5.6%

-3.8%

+10.1%

+1.7%

+15.0%

+15.1%

Median
June 2014

$149,450

$200,000

$227,548

$87,500

$163,000

$160,400

$168,000

$106,500

$283,245

$147,450

$138,000

$166,435

$87,850

$126,950

$137,000

$155,000

$174,000

Median June 2015

$154,900

$212,500

$240,000

$111,600

$168,048

$160,000

$179,900

$117,400

$289,950

$146,000

$129,900

$164,000

$120,000

$145,000

$128,000

$156,250

$182,000


% chg.

+3.6%

+6.2%

+5.5%

+27.5%

+3.1%

-0.2%

+7.1%

+10.2%

+2.4%

-1.0%

-5.9%

-1.5%

+36.6%

+14.2%

-6.6%

+0.8%

+4.6%

Source: S.C. Association of Realtors

Charleston Named #1 City in US and Canada 2015- Travel + Leisure

 

Downtown-1

Charleston has been named the #1 City in the U.S and Canada by Travel + Leisure magazine for the third year in a row. Coming in as a close second was New Orleans, followed by Savannah.

In the category of Top Islands in Continental U.S and Canada, Kiawah Island took 5th place.

In over all world rankings, Charleston was named the #2 city in the world after Kyoto, Japan.

These results are available at http://www.travelandleisure.com/worlds-best/cities#us-canada

Law seeks to spark rehabilitation of abandoned buildings- from Charleston Regional Business Journal

Staff Report

colanews@scbiznews.com

Published June 30, 2015

Gov. Nikki Haley has signed a bill that expands tax credits for the rehabilitation, renovation and redevelopment of abandoned buildings. The Abandoned Buildings Revitalization Act (H.3093) applies to projects started in tax year 2013.

Under the law, an abandoned building is a structure in which at least 66% of the space has been closed continuously to business for at least five years. The bill expands the tax credit to 25% from 10% of the actual rehabilitation expenses incurred at the building site. The bill includes a $500,000 individual cap on the tax credit benefit.

Abandoned buildings often result in unmarketability of property, high crime and an exodus of families and businesses, according to the bill.

“The decline of these areas impairs the value of private investments, threatens the sound growth and the tax base of taxing districts in these areas, and threatens the health, safety, morals and welfare of the public,” the bill states.

Officials estimate there’s about 500,000 square feet of abandoned building space across the state.

To qualify for the tax credit, investors must spend the following on rehabilitation projects:

  • More than $250,000 for buildings located in a county or a municipality with a population of more than 25,000 people.
  • More than $150,000 for buildings located in a county or a municipality with a population of at least 1,000 people, but not more than 25,000.
  • More than $75,000 for buildings located in a municipality with a population of fewer than 1,000 people.

Eligible abandoned buildings, both private and public, could include abandoned residences, retail stores, hotels and motels, office space, health care facilities, schools, amusement and recreational facilities, warehouses, manufacturing facilities, fire towers, National Guard armories, military and defense buildings, college and university buildings, and state office buildings.

The bill was sponsored by Reps. James Smith, D-Columbia; Walton McLeod, D-Little Mountain; and J. Seth Whipper, D-North Charleston.

Report: New home construction ‘thriving’ in Charleston area- from The Post and Courier

By: Warren L. Wise

The housing market in Charleston has come full circle since before the bubble burst in 2008, and new home construction will continue at a brisk pace for the foreseeable future.

That’s the message laid out Tuesday by an economist from the University of South Carolina and the Charleston Home Builders Association.

“We are in growth mode,” said Will Jenkinson of Carolina One New Homes after giving a report on new home growth in the Charleston region during a luncheon in North Charleston. “We have not seen this kind of new growth since 2006.”