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.
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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.
PHOTO: Guard dog
FOCUS, Doug Holmes: Real estate prices rising in sellers’ market
IN THE SPOTLIGHT: Kaynard Photography
PALMETTO POEM, Samuel Henry Dickson: “Written at the North”
GOOD NEWS: From a bikeway study to a new community garden
FEEDBACK: Remembering loved pets
CALENDAR, Nov. 9+: Food to festivals to books
REVIEW: Deep South, by Paul Theroux
MYSTERY: Substantial building, but where?
S.C. ENCYCLOPEDIA: Allendale, S.C.
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.
In the Oct. 12, 2015, issue of Charleston Currents:
FOCUS, Tim Ervolina: Ways to help victims of the Great Flood of 2015
BRACK: Stop shortchanging South Carolina
IN THE SPOTLIGHT: Charleston Green Commercial
REAL ESTATE, Doug Holmes: Traditional sellers face competition
GOOD NEWS: Big check to chase away cancer, more
FEEDBACK: Send us your letters
CALENDAR, Oct. 12+: A musical, block party and Greek Fest
REVIEW: Furiously Happy: A Funny Book About Horrible Things
MYSTERY: Ring our bell on this one
S.C. ENCYCLOPEDIA: Granby, S.C.
In the Sept. 21, 2015 issue:
PHOTO ESSAY: The buildings of Cuba
FOCUS, Ginny Deerin: Will work to relieve traffic congestion as mayor
BRACK: Mr. Fixit strikes again
IN THE SPOTLIGHT: Magnolia Plantation and Gardens
REAL ESTATE: Understanding the cyclical nature of our market
GOOD NEWS: Not as poor, but poverty still persists; more
FEEDBACK: CCC article brings back memories
CALENDAR, Sept. 21+: Author visit, diversity meeting, Oktoberfest, Ball Fall
MYSTERY: Not a pearly gate
S.C. ENCYCLOPEDIA: The Rev. John Martin Pike
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.
In the Aug. 17, 2015, issue, Kendra Hamilton discusses a different kind of discrimination; Andy Brack offers tips on cell phones and email for newbies; and Doug Holmes gives real estate info.