Charleston Flat Fee Real Estate - Behren Kittrell

Greater Charleston, South Carolina

 Interesting facts about our area population and more according to CharlestonDaily.net

  • With 27 active breweries in the Lowcountry, this area accounts for over half of all beer produced in the state of South Carolina
  • The tri-county population is 775,831 according to the 2017 year end census (401,438 – Charleston County, 217,937 – Berekeley County, 156,456 – Dorchester County) – 7 year growth rate of 16.24% increase in 7 years
  • In 2010, the tri-county population was 667,456 (351,023 – Charleston County, 178,967 – Berekely County, 137,466 – Dorchester County)
  • There are 5.084 million residents in South Carolina – The Lowcounty tri-county area accounts for 15.3% of the entire state of South Carolina
  • There are 8,550,405 residents of New York City – That means, NYC is 68% larger than the entire state of South Carolina
  • The largest cities in the Southeast are: Houston – 2.4 Million, San Antonio – 1.4 Million, Dallas – 1.3 Million, Jacksonville – 868,000, Charlotte – 826,000, Memphis – 656,000, Nashville – 654,000, Virginia Beach – 575,000, Atlanta – 479,000, Miami – 458,000: If we combine the tri-county, we have the 5th largest city in the Southeast
  • The city of Charleston is 18% more densely populated than Columbia according to a 2019 report by Bestplaces.net
  • In 2017, the median household income of Charleston County residents was $57,882. Charleston County households made slightly more than Berkeley County households ($56,697) and Lexington County households ($57,482). However, 15.3% of Charleston County residents live in poverty.
  • The largest Charleston County racial/ethnic groups are White (63.9%) followed by Black (27.6%) and Hispanic (5.0%).
  • In a report USA Today released in 2018, Myrtle Beach/Conway/North Myrtle Beach was the 2nd fast growing area in the United States, Charleston, SC 12th and Hilton Head/Bluffton/Beaufort 23nd

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 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.

Charleston Real Estate

CHARLESTON, SC—(October 14, 2020)2,067 homes sold in September in the Charleston region at a median price of $310,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). 

Year-to-date, 15,741 homes have changed hands at a median price of $295,807. At this point last year, 14,308 homes had sold at a median price of $279,000. Thus far in 2020, closed sales are up 10% and median price has increased by 6%.

Inventory data shows 46% fewer homes for sale over the last 12-month period, with 3,375 homes listed as “active” for sale in the CHS Regional MLS database at the end of September—representing less than 2 months of available inventory.

“September home sales showed incredible growth over last year’s figures, a 46% increase compared to September 2019” said 2020 CTAR President Bobette Fisher. “We have been very lucky to avoid any significant weather-related market interruptions that we have run into the last few years, but the September data is a continuation of this year’s unprecedented growth. In our region, home sales have not dipped below the 2,000 mark since June--setting a new pace for sales in our market and it’s happening despite historically low inventory” said Fisher. “We now have less than two months of available inventory, which has created an incredibly competitive market for buyers” she said. “Inventory has been on a steady decline for several years, as median price has continued to steadily increase. We have long considered affordability to be a concern in our market, and are taking steps to ensure that our market does not become inaccessible to those who want to live in the region and be a part of our communities” 

Berkeley County 

376 homes sold at a median price of $226,420 in Berkeley County in September, 331 single-family homes and 45 Condos/townhomes.  Year-to-date, single-family home sales have increased by 3% in the County, as median home price has increased nearly 7%, to $261,995. Condo and townhome sales increased just over 1%, as median price has increased to $175,385 representing a gain of almost 8% for the year.

There are currently 1,170 residential properties for sale in Berkeley County—929 single-family homes and 144 condos/townhomes.

Charleston County

695 residential properties sold at a median price of $304,649 in Charleston County in September, 524 single-family homes and 171 Condos/townhomes.  Single-family home sales are showing little growth year-to-date in the County, as median home price has increased by about 3% so far this year, to $385,000. Condo and townhome sales are up 4% as median price increased 3.5% to $235,000.

There are currently 3,237 residential properties for sale in Charleston County—2,383 single-family homes and 854 condos/townhomes.

Dorchester County

239 homes sold at a median price of $208,750 in Dorchester County in September, 205 single-family homes and 34 Condos/townhomes. Single-family home sales have declined by 4% in the County, as median home price has increased by 7% so far this year, to $254,000. Condos and townhome sales declined by 3% as median price increased 8% to $168,000.

There are currently 684 residential properties for sale in Dorchester County—603 single-family homes and 81 condos/townhomes.

Information provided by Behren Kittrell, Realtor, BIC Charleston Flat Fee Real Estate.  Low commission fee guaranteed!