Charleston Real Estate Update – RESIDENTIALLY SPEAKING – As of 6/26/14 by Seay Development
The positive press for Charleston rages on! Trip Advisors Peoples Choice Awards named us one of the Top Destinations in the U.S. According to their contributors, we are “bursting with Southern charm and hospitality.” If they came in through our airport, they experienced the #5 Best Airport Security Checkpoint. The Best Fried Chicken in the U.S. can be found at HUSK and at Jestine’s according to Food + Wine. As far as Best BBQ, T+L tipped its hat to the”honky-tonk-themed Home Team BBQ.” Trip Advisors voted for Hall’s Chophouse for fine dining, saying it was “world class” and “a must have when in town.” Huffington Post Named Folly Beach as one of the Best Under the Radar Beaches. We got a mention in MSN Money’s article on the Best Cities for Retirement. Mt Pleasant was mentioned in Forbes 10 Best American Suburbs for Retirement.
Obviously, all this positive press is driving people to move to Charleston and our real estate market is doing tremendously well. Mt. Pleasant is leading the way in the sellers market with only 3 months of inventory and median prices above $350k and $175/sqft. Hardly any home in Mt. Pleasant that is going under contract is under $150/sqft. James Island and West Ashley, both also close to downtown and the beach, are also doing quite well. North Charleston has also seen higher prices because of Boeing. Daniel Island is a favorite choice among Boeing executives because of it’s location and upscale lifestyle. Summerville and Goose Creek have been a bit slower in their recovery as they are they are further away from downtown Charleston, but things seem to be moving in the right direction there now.
- 31 Mt Pleasant single family homes under contract past wk LISTED from $250k-$839k. Median $400k,$174/sqft. 7 over $500k. 3 under $150/sqft. 2(6%) BANK OWNED FORECLOSURES or SHORT SALES. 3(10%) new construction.
- 8 Peninsula Charleston single family homes under contract past wk. LIST prices $235k,$240k,$369k,$380k,$478k,$599k,$625k,$2.2M. 3 south of crosstown.