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.
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.
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.
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.
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.
In the July 13, 2015 issue, Kyra Morris writes how Charleston has become a real part of the global community; Andy Brack thanks Rep. Jenny Horne for her call to take down the Confederate flag; Realtor Doug Holmes outlines how our hot real estate market may be undervalued; and almost $2 million has been donated to the Charleston race for mayor.
In this week’s new issue, you can learn about the Folly Beach woman who was honored for innovation by President Obama. Andy Brack recalls times at Middleburg Plantation, New Real Estate columnist Doug Holmes offers good news about the local market. Good news, letters, a review and a Mystery Picture inside!