Real estate

HOLMES:  Home values back where they should be

HOLMES: Home values back where they should be

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!!

by · 09/19/2016 · Comments are Disabled · Real estate, Views
REAL ESTATE:  Charleston continues to rocket forward

REAL ESTATE: Charleston continues to rocket forward

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.

by · 05/16/2016 · Comments are Disabled · Real estate, Views
HOLMES: Charleston’s real estate market continues to rage

HOLMES: Charleston’s real estate market continues to rage

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 · 02/08/2016 · Comments are Disabled · Real estate, Views
MORRIS: Coming together is Teck’s theme, Charleston’s desire

MORRIS: Coming together is Teck’s theme, Charleston’s desire

By Kyra Morris, contributing editor | “Coming Together” is the theme of Charleston’s newly-elected mayor, John Tecklenburg. Charleston does not just represent the formal city of Charleston but the whole tri-county area, and coming together in Charleston is not new.

by · 02/01/2016 · Comments are Disabled · Real estate, Views
HOLMES: Charleston is now a real seller’s market

HOLMES: Charleston is now a real seller’s market

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 · 01/11/2016 · Comments are Disabled · Real estate, Views
FOCUS: Real estate prices rising in sellers’ market

FOCUS: Real estate prices rising in sellers’ market

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 · 11/09/2015 · Comments are Disabled · Real estate, Views
HOLMES:  Traditional sellers face competition from new construction

HOLMES: Traditional sellers face competition from new construction

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 · 10/12/2015 · Comments are Disabled · Real estate, Views
HOLMES: Understanding the cyclical nature of our market

HOLMES: Understanding the cyclical nature of our market

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.

by · 09/21/2015 · Comments are Disabled · Real estate, Views
HOLMES:  Charleston real estate market still hot

HOLMES: Charleston real estate market still hot

By Doug Holmes, contributing editor | The Charleston real estate market continues to perform very well. In fact, real estate across the nation has made a big recovery. While the smaller, isolated markets may have not recovered much, most larger metropolitan areas have regained much of the ground lost during the 2008-2011 period. I read an article a few days ago that listed the 20 busiest real estate markets in the nation and was a bit surprised to see that Charleston was not listed. This actually brightened my day a bit to know that there were so many markets doing so well.

by · 08/17/2015 · Comments are Disabled · Real estate, Views
HOLMES: Real estate hot, but may be undervalued

HOLMES: Real estate hot, but may be undervalued

By Doug Holmes, contributing editor | Last month in my first article for Charleston Currents, I gave you an historical perspective on the Charleston real estate market and a current snapshot of the tremendous buying activity in today’s market. The buying activity has continued its rampage over the last month and prices look very good, but not out of control.

by · 07/13/2015 · Comments are Disabled · Real estate, Views