Charleston Flat Fee Real Estate - Behren Kittrell

Greater Charleston, South Carolina

October 2017, Conde Naste Travel Magazine awarded Charleston the No. 1 Small City in the World Award (again). The magazine writes: "With its beautiful gardens, vibrantly painted Georgian houses along Rainbow Row, and carriages clacking across cobblestone streets, Charleston [SC] remains one of the country’s most picturesque cities. Underneath its sleepy charm, the city is known for its dynamic food scene—where destination dining reflects its English, French, and West African roots—along with a thriving theater scene, bustling King Street, and historic City Market. Come evening, stroll along The Battery and take it all in."

There are many exciting and fun things awaiting you in Charleston, SC including the Charleston Aquarium, antebellum mansions, eclectic art galleries, theater, festivals and outdoor concerts.  The more popular outdoor activities include things like golf, tennis, horseback riding, water sports, as well as guided tours through Blackwater Swamps and historic plantations like the Magnolia and Boone Hall plantations, saltmarshes and barrier islands – and much, much more. Charleston Wine + Food just wrapped up its 10th year as one of the more popular outdoor events.

The boundaries of metropolitan Charleston, SC lie within three counties, Berkeley, Charleston and Dorchester.  The city has 90 miles of coastline, and stretches inward from the Atlantic coast some 50 miles.  Public education for Charleston pre-K through 12 is provided primarily by three school districts:  Berkeley County Schools, Charleston County School District, and District 2 and District 4 of Dorchester County School District. 

Charleston Real Estate

CHARLESTON, SC—(October 11, 2017) According to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR) 1,422 homes sold in September in the region at a median price of $256,335, reflective of a 13% decline in sales and 6% growth in median sales price as compared to last September, when 1,627 homes sold at a median price of $242,878.

The year-to-date pace of growth in sales and median price tightened slightly again but still show healthy levels of increases over last year. 14,142 homes have sold in the region at a median price of $250,000 thus far in 2017. Sales volume has increased about 3% compared to 2016, with homes selling for about 4% more than they did at this point last year.

“While the beginning of Fall typically marks a slower pace of market activity, we may also be seeing the initial shift of the market. However, it’s important to focus on the larger data provided in the year-to-date figures. 3% growth in sales volume and 4% growth in median price is actually right where we’d like to see gains—those are very sustainable levels of growth” said 2017 CTAR President Dave Sansom. “Over the past two years, we’ve seen monumental growth in our market as both our population and job markets have increased rapidly. We knew that wouldn’t continue forever, and that at some point the market would begin to level out” said Sansom.

5,267 homes were listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) at the end of the month, down 17% from 2016 levels.

August Adjustment
Preliminary data showed 1,694 homes sold in August in the region at a median price of $244,867.  Adjusted numbers now show 1,706 sales at a median price $245,000.

Berkeley County
382 properties sold at a median price of $221,795 in Berkeley County in September. Year-to-date, single-family home sales have increased about 5% in the County, with buyers paying about 5% more than they did a year ago.  Condo and townhome sales have increased 26% with a 12% increase in price.

There are currently 1,100 residential properties for sale in Berkeley County—939 single-family homes and 161 condos/townhomes.

Charleston County
697 properties sold at a median price of $328,450 in Charleston County in September. Year-to-date, single-family home sales volume has grown about 0.5% in the County, with buyers paying about 7% more than they did a year ago.  Condo and townhome sales have increased 8% with a 5% increase in price.

There are currently 2,824 residential properties for sale in Charleston County—2,186 single-family homes and 638 condos/townhomes

Dorchester County
286 properties sold at a median price of $225,000 in Dorchester County in September. Year-to-date, single-family home sales have increased just under 1% in the County, with buyers paying about 7% more than they did a year ago.  Condo and townhome sales have increased 5% with a 3% increase in price.

There are currently 752 residential properties for sale in Dorchester County—700 single-family homes and 52 condos/townhomes.

Charleston History 

Charleston is rich in historic charm, but enjoys cultural sophistication which is evident throughout the city.  Things like the great fires of 1740, and 1861, the fall of Fort Sumter and consequent destruction of the city during the Civil War, plus a major earthquake in 1886 could not keep Charleston down. 

The economy of Charleston once was centered around merchandise and trade dating back to the earliest days of the town when the settlers of “Charles Towne” would trade and barter such things as deer skins, indigo, hemp, and cotton with the Indians.  Merchants who dealt in luxuries from England also added to the economy of the port city.  The Charlestonians eventually became great planters, thus transforming the area to a more agricultural society.  In spite of the Yellow Fever epidemic during the mid-1700s, prosperity soon returned and business began to grow again with rice as the cash crop.

As the 20th century dawned, Charleston found itself emerging from the crises of the past into the economic prosperity of its golden future; but this time the economic drivers which rose to prominence included manufacturing, military, and the railroad.  Later in the 20th century, international container cargo shipping, the medical industry, and tourism also became highly important to the economy of Charleston.
Information provided by Behren Kittrell, Realtor, BIC Charleston Flat Fee Real Estate.  Low commission fee guaranteed!