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Review of the November 2016 Charleston SC Real Estate Market

Thursday, December 1, 2016

Blog, Buying a Home, News, Real Estate Guide, Selling a Home


It’s crazy to me that it is already December 1st! There are only 24 days left until the Christmas holiday, and just behind that we welcome a new year- 2017! We are taking a quick look at how the real estate market performed in Charleston, South Carolina during the month of November 2016.

Inventory

Once again this should not come as a surprise to any one at this point, but the number of homes for sale declined again during the month of November. November saw a total of 4,991 homes for sale, a decrease of 476 homes for sale from October to November (October saw 5,467 units for sale). If we look at past years and projections, if we were to see an increase in inventory it would be as we head into the Spring buying season, so the increase in homes for sale would likely occur somewhere around January-March.

Decrease in housing inventory Charleston South Carolina

Average Sales Price

October 2016 to November 2016 did see a decrease in the average sales price. The average sales price for November was $326,419, a $6,678 drop from October’s average sales price of $333,097. We’ve been seeing the average sales price fluctuate, increasing some months and then decreasing others. Most recently, every other month we’ve seen the opposite effect. June to July saw a decrease, July to August saw an increase, August to September a decrease and so on.

Charleston South Carolina average real estate prices

Closed Sales

The number of closed sales also decreased from October to November. November 2016 saw a total of 1,154 closed home sales, where as October had a total of 1,279 closed sales. We can say that the decrease in average sales price could be related to the decrease in the number of home sales that occurred last month.

charleston sc real estate stats and information

Days on Market

The average number of days on market for a home slightly decreased from 53 days in October to 52 days in November. We also did see a slight decrease in the months of supply for inventory. In October the number of months supply was 3.7 and that decreased to 3.3 in November.

real estate market trends and statistics Charleston south Carolina

Charleston SC Real estate market trends and stats


Home Decorating Tips and Trends for Winter

Tuesday, November 15, 2016

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The temperatures are starting to cool down in most parts of the country, and with the dip in temperatures comes an increase in anticipation and excitement for the holiday season. We are sharing with you a few ideas for getting your home in a festive mood this holiday season!

1. Pillows

Pillows are a great way to add a little holiday cheer to your home this season! There are so many different options for pillows ranging in a variety of different price points. The best thing about pillows is they can be used in more than one spot thoughout your home. You can add pillows to dining room chairs, living room couches or your bedroom and they can do a lot to add cheer to your space!

Winter Decorating Ideas for the Home

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2. Wreaths

Adding a beautiful wreath to your front door, windows, or strung along your front porch is a such a great touch for the winter months! The nice thing about a pretty wreath is, whether artificial or real, you can leave this up all winter! There’s no need to change it immediately after Thanksgiving or Christmas because wreaths can be so versatile! It’s a simple way to have welcoming curb appeal.

Home Decorating Ideals for the Winter

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3. Natural Accents

Using natural accents such as pine cones, pine needles, twigs and a variety of other outdoor objects can make for a soft and cozy touch inside the home. You can bundle them together for for a table setting or decorative piece, or you can use them on a mantle to create a natural and winter-y feel inside your living room. You can easily collect these items from your yard, or you can pick them up at any home decor store.

Tips for Winter Home Decor

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4. Candles

Candles are one of the coziest home decor items you can purchase this winter season! Candles take any space from feeling a little cold or grey, and automatically give it a sense of warmness. Battery operated candles can be a great idea to add a little festiveness to your windows (and they look so great at nighttime from outside!), or you can even go with globe enclosed candles for your holiday table. No matter which way you decorate with candles, you cannot go wrong.

Home Decorating Tips for the Winter Season

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5. Cozy Knits

Knits have become an increasingly popular home decor trend, and not just during the winter months! Knits remind us of warm and cozy blankets by the fire, but there are so many ways to incorporate the knitted trend into your home this winter season including decorative throws, blankets, pillows, vases, baskets and so much more! Add “pops” of knit to your bedroom, living room and even dining room for the perfect finishing touch.

Trends for Home Decorating in the Winter

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6. Plaid

Plaid always comes to mind when I think winter. Whether it’s plaid clothing or plaid home decor, plaid is one of those most have patterns in your home for the winter season! Snuggle up with a plaid blanket, throw a plaid blanket on your couch for a warm touch or accessorize your holiday table with plaid accessories such as napkins or dessert plates.

Holiday Home Decorating Trends

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Gifts for Homeowners this Holiday Season

Monday, November 7, 2016

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It’s that time of the year again! Stores are beginning to run holiday sales and ads, wish lists and gift buying guides are surfacing on the internet, and Black Friday preparations have begun! By now you’ve probably figured out who you need to shop for, and if you have a new homeowner on your list this year, check out our 5 gift ideas below.

Holiday Gifts for Homeowners

Photo via: ConsumerReports.org

1. Vacuum

We know that buying a vacuum is not the most exciting thing to be shopping for during the holiday season, but it’s one of those things that every homeowner needs and a good vacuum can go a long way. Seriously.

  • If your recipient has pets check out the Dyson Ball Upright Vacuum, and if you’re looking for a less expensive option take a look at the Kennmore 31069 Progressive Upright vacuum.
  • If you’re searching for a vacuum suited for hardwood floors be sure to look at the Miele Olympus Vacuum, a top rated item, or the Hoover FloorMate.
  • And, if you’re just shopping for a good all around vacuum that can handle carpets and regular household vacuuming the Electrolux Upright Vacuum has been voted one of the best vacuums on the market.
  • You can never go wrong with a “dust buster” either! Dust buster type vacuums come in at a great price point and are super handy when you need to vacuum crumbs, small bits of pet hair, or just corners and stairs. This Black + Decker is cordless, always ready and holds a charge for 18 months (wow, we might need this one!).

Gifts for Homeowners 2016

Photo via: SteamerExpert.com

2. Steamer/Iron

Much like the vacuum cleaner, shopping for a steamer or an iron might not sound fun, but it’s one of those gifts that is totally practical and useful!  Instead of having to toss wrinkled shirts in the dryer every morning, having a steamer or iron handy can save lots of time, and be used for more than just clothing.

  • We are a huge fan of steamers because… well, we think they’re a lot easier than an iron and also a lot less cumbersome. Think: no ironing board. The Pure Enrichment PureSteam is priced really well at $30.00, and has over 3400 reviews, with a 4 star rating. If you’re looking for a more heavy duty steamer the Jiffy Garment Steamer is also top rated and priced at $160.
  • If you prefer to give an iron instead of a steamer, this Rowenta iron is a top rated product.  And, if you’re looking for amore affordable option check out the Maytag Speed Heat Iron and Steamer.

Gifts for Homeowners 2016

Photo via: Consumer Reports

3. Lawn Mower

Maybe just as exciting as a vacuum… maybe… but again, a completely useful gift that every homeowner needs (even if they have a lawn service). A lot of people have lawn services these days, but you never know when you might have to give your yard a quick mow in the summer between cuts, or if you just need to spruce up before hosting a party or event at your home. Having a lawn mower in the garage when you least expect needing one is a blessing.

  • This electric GreenWorks lawn mower is only $140 and has tons of great reviews on Amazon! This Black + Decker electric mower is cordless and has a 19 inch blade if you’re looking for something a little more portable and easy to maneuver.
  • While we’re on the subject of lawn mowers, if you don’t think your gift recipient needs a lawn mower, but might still need to touch up their yard here and there, try just a basic weed wacker. These can come in handy just to trim edges or even to trim a small area of lawn. This Dewalt one is a top rated product and priced at $200, but this GreenWorks trimmer is unbeatable with a price of $29 and tons of great reviews.

What to give a Homeowner for Christmas

4. Outdoor Grill

Finally, something a little more exciting! Having an outdoor grill is a great thing, especially in the summer months. There are so many different grills and choices that you’ll need to know a little bit about what your gift recipient is looking for. Do they want gas or charcoal? What types of things will they be grilling, how often and are they a master griller who needs all the bells and whistles? We are giving you just a few options, but there are so many grills we recommend doing some research before purchasing!

  • The Huntington 2 Burner Gas Grill is a great price point and a great grill for someone who might just be getting started grilling or who might only grill occasionally. Another great gas grill is the Hamilton Beach Gas Grill. A slightly higher price point than the Huntington, this grill can be assembled in less than 10 minutes.
  • If you’re thinking about buying a charcoal grill for the homeowner on your list, the Green Egg is obviously one of the top of the line products and also most well known. With those great reviews though comes a higher price tag, but we know the grill lover on your list will be smitten with this gift. Another great charcoal grill is the Weber and is a little better priced than the Green Egg and also a well known product amongst grills.

Gift Giving Guide for Homeowners

Illustration by: Emily @ Texture Design Co. | Charleston, SC

5. Home Illustration

This is our favorite gift on the list, and definitely a tad more personal! What homeowner wouldn’t love a custom illustration of their home? There are so many wonderful artists out there who can illustrate your homeowners home in a variety of different ways. We definitely recommend getting this set up now though, as most artists are super busy with holiday gifts this time of year. We love Emily at Texture Design Co. here in Charleston and her work is incredible. 


Quick Holiday Getaways from the Lowcountry

Thursday, November 3, 2016

Blog, Explore Charleston


We love this time of year! The temperatures are starting to cool down and there is a feeling of bliss in the air with the holidays coming. Living in Charleston, there are so many wonderful excursions within just a few hours that are the perfect weekend escapes during the holiday season.

 

Grove Park Inn- Asheville, North Carolina

Weekend Trips from Charleston South Carolina

Just a 4 hour drive from Charleston, the Grove Park Inn is the perfect fall escape or winter weekend getaway. The location and setting of the Inn make it a perfect winter wonderland retreat. Best known for their annual Gingerbread House Competition, the 2016 competition will begin on November 27th and run through January 5th. Truly an event not to be missed!

Palmetto Bluff- Bluffton, South Carolina

Weekend Trips from Charleston South Carolina

Palmetto Bluff is one of those places that time stands still. Situated along the May River, Palmetto Bluff is a true example of lowcountry living. With its newly opened Inn, as well as cottages, private residences available for nightly rental, and the Inn’s guest house, there are many options for a quick weekend getaway to Palmetto Bluff. When you’re at Palmetto Bluff, it will be a truly relaxing experience. Christmas in the Village will take place on December 2nd.

The Sanctuary- Kiawah Island, South Carolina

Weekend Trips from Charleston South Carolina

The Sanctuary at Kiawah Island is the perfect luxurious getaway during the winter months. Just 45 minutes (or less) from almost anywhere in Charleston , the Sanctuary can be the perfect weekend escape. Choose from a room overlooking the ocean, or you can even rent a private residence if you’re gathering with the whole family! The Kiawah Island Golf Resort will keep the whole family busy with holiday related activities such as the Turkey Trot, Sand Sculpting, Tree Lighting Ceremony (a must attend event!), Ornament Workshop and many others! You can check out the full schedule here.

Greenville, South Carolina

Weekend Trips from Charleston South Carolina

Greenville is short car trip from Charleston, and a quaint city with a larger city atmosphere. Main Street Greenville is occupied with a number of boutiques, restaurants, coffee shops and specialty stores and towards the end of Main Street you’ll find Falls Park on the Reedy. The park is a great place to spend time with family or walk the dog. Greenville is home to a number of holiday events this year including the downtown Holiday Happening, A Charlie Brown Christmas, and Annual Holiday Art Show. The full list of events can be found here.

Alexandria, Virginia

Weekend Trips from Charleston South Carolina

Perhaps not quite as close to Charleston as some of the others on this list, Alexandria, Virginia is the perfect, quaint little town just outside of Washington, DC. With direct flights to the area from Charleston, you can score some great deals on tickets and especially last minute flight deals. The short flight make it a perfect weekend getaway. There are so many wonderful holiday happenings in the DC area, that if you can find an inexpensive flight, there is no reason not to go! Here is a great list of free holiday events in the DC area.

 

 

 

 


New Listing: 1717 Live Oak Park Seabrook Island, SC 29455

Tuesday, November 1, 2016

Blog, Buying a Home, Featured Listings, Real Estate Guide


1717 Live Oak Park Seabrook Island SC 29455

1717 Live Oak Park is an adorable Seabrook Island villa at Shelter Cove and is an absolute must see! This is the spot to enjoy fabulous evening sunsets or a cup of coffee and watch the sunrise from your screened in porch overlooking the marsh!

1717 Live Oak Park Seabrook Island SC 29455

On the lower floor, you’ll find your master bedroom. The nicely sized master bedroom retreat offers views of the marsh and a private bath with vanity and shower/tub.

1717 Live Oak Park Seabrook Island SC 29455 1717 Live Oak Park Seabrook Island SC 29455

Back out in the tile foyer, the steps lead to your large kitchen with granite counter tops, a nice amount of counter and cabinet space as well as a pantry. The high ceilings make all the difference in this space! Just off of the kitchen area you’ll find a nicely sized dining space with hardwood floors.

1717 Live Oak Park Seabrook Island SC 29455

The hardwood stairs from the dining space lead to your large living space that is flooded with lots of natural light and stunning marsh views. The living room features hardwood floors, a ceiling fan and vaulted ceiling. This level also has a full bath with walk in shower- perfect for guests who may be staying upstairs.

1717 Live Oak Park Seabrook Island SC 29455

The sliding glass door from the living room leads onto your large screen porch. You and your guests will constantly be amazed by the breathtaking marsh views! This is the perfect spot to host your friends and family.

1717 Live Oak Park Seabrook Island SC 29455
Outside of the villa you’ll find a 1-car covered parking carport with extra storage space where you can keep your beach gear or bikes. You will also have access to the private dock at Shelter Cove which can be used for crabbing, launching a kayak, or enjoying the Seabrook landscape. You will also have access to a swimming pool. Home is being sold furnished. This is the perfect turn key property!

Contribution to capital within the PUD upon sale and resale is 1/2 of 1% of purchase price upon closing. Purchase also requires membership to the Seabrook Island Club.

Click here to view additional listing photos and full listing details. 1717 Live Oak Park is listed at $175,000.

Listing Provided by Golden Bear Realty
1 bedroom, 2 bathrooms, 988 square feet

 


Review of the October 2016 Charleston South Carolina Real Estate Market

Blog, Buying a Home, Real Estate Guide, Selling a Home


The fourth and final quarter of the year is underway and the real estate market in the Charleston tri-county area continues to prove steady and busy. Whether you are looking to buy or sell, the final quarter of the year is a great time to do so.

Inventory

We are accustom to decreasing inventory numbers, and October was no exception. The inventory decreased from 5,894 homes for sale in September to a total of 5,134 in October. Since May 2016 we have seem a consistent drop in inventory each month, and just like the beginning of the year we should see an increase in the number of homes for sale as we head into the busy Spring buying season and sellers begin preparing their homes.

Inventory in Charleston Tri County Real Estate Market

Average Sales Price

The average sales price from September 2016 to October 2016 increased to an average sales price of $332,945. In September of 2016 the average sales price across the tri-county area was $319,753. The increase in average sales price can be a correlation of the decrease in inventory available for purchase. As homes become more limited and the demand is still high, we will see sales price increase, as well as the percentage of original list price which a homeowner receives. In October, the percentage of original list price received was 96.5%.

Average Sales Price Charleston Tri County Area

Closed Sales

In September there were a total of 1,617 closed home transactions. In October that number dropped to a total of 1,153 closed home transactions.

Closed Sales in Charleston Real Estate Market

Days on Market

The average number of days on market for a home listed for sale during October was 52. This was a decrease from 54 days during September 2016. According to the Charleston Trident MLS there was only 3.4 months of available inventory in the MLS.

Day on Market Charleston Real Estate Market

 

 



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