By Doug Holmes, contributing editor | Things are just going so well in Charleston right now. We are so blessed to live in such a wonderful city. We just got voted #1 City in the World by Travel and Leisure magazine!! For the 2nd time!! Boeing, Volvo, Silicon Harbor, lots of sports teams, shopping, restaurants, etc, etc. You really need to check out Lewis Barbecue downtown on Nassau and see what’s happening to that section of town. Amazing!!
Articles by: Doug Holmes
By Doug Holmes, contributing editor | The Charleston real estate market continues to outperform. We are well into the busy spring season and it’s been the busiest year ever so far.
The real estate market in Charleston continues to rage on.
Buying activity was at unprecedented levels through the November to January months, where we normally see a bit of a slowdown. 2016 will surely set many records. New construction is booming and over 40 percent of what we currently have under contract is new construction.
By Doug Holmes | The real estate market in Charleston in 2015 was awesome and record-setting. It was the third busiest year ever in sales. We sold 15,486 residential units with a record median sales price of $235,000.
By Doug Holmes, contributing editor | Charleston real estate has recovered nicely from the torture of 2008-2011. Back then, the country was in recession and a lot of it was due to the real estate crisis caused by banks giving money away too freely. It became very difficult to sell homes and buyers had it all their way. We were mired in a buyer’s market of unprecedented proportions. It’s interesting to compare months of inventory for that market to months of inventory for the market today.
By Doug Holmes, contributing editor | As the market conditions change, so do the types of competitors for traditional sellers.
With the real estate market in Charleston and Charleston itself doing so well right now, new construction is on the rise. During the downturn of 2008 to 2012, new construction hit a low point.
By Doug Holmes, contributing editor | I had several people come up to me last week and ask me about a recent article they had read about local real estate activity in the local newspaper. They were concerned that the market here might be losing steam. The article in the local paper had done a great job at misleading them.