Real estate

REAL ESTATE:  A lot more attention for the Charleston area

REAL ESTATE:  A lot more attention for the Charleston area

By Doug Holmes, contributing editor  |  The total eclipse brought a lot more national attention to Charleston.  Not that we really needed it.   Being voted the number one city in the United States so many times has taken care of that. 

Our real estate market has responded by building new homes all over the tri-county area.  New construction is certainly a favorite among buyers.  Currently one third of the homes under contract are new construction.  In certain areas, that percentage is well over 50 percent.  Year to date in 2017, we are up 6.8 percent in number of transactions over the same time period of 2016.  It looks like we may sell 18,000 homes for the first time in our history. 

by · 09/18/2017 · 0 comments · Real estate, Views
HOLMES:  Charleston real estate market still on fire

HOLMES: Charleston real estate market still on fire

By Doug Holmes, contributing editor | The Charleston real estate market continues to set records. A couple of weeks ago, we hit an all-time high, 452, for the number of residential properties going under contract in one week. This year will probably see the most transactions ever in our tri-county area. 2016 was the second busiest year ever, but only by a few hundred transactions.

by · 05/16/2017 · Comments are Disabled · Real estate, Views
REAL ESTATE:  Local real estate market continues to boom

REAL ESTATE: Local real estate market continues to boom

By Doug Holmes, contributing editor | 2016 was a banner year and so far, 2017 is even stronger for real estate sales in Charleston. 2016 turned out to be our second-busiest year ever with over 17,000 residential home sales. Only 2005 was stronger with almost 18,000 sales. The median sales price reached an all-time high in 2016 of $245,000.

by · 04/10/2017 · Comments are Disabled · Real estate, Views
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