Find out the latest in what's happening with Charleston Real Estate

Apr 19 2013
1:52 pm

Posted By Shawn Pillion
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The Villages in St Johns Woods- 5094 Coral Reef Drive Johns Island

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5094 Coral Reef Drive on Johns Island

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This  is truly a  MUST SEE... This  one owner Charleston SC real estate is absolutely immaculate and shows like a model home.

A few of the many features of this amazing home that has a low country cottage feel are: Gleaming hardwood floors throughout 1st level; 9 ft smooth ceilings; wide custom crown molding; dining room with wainscoting and chair rail; family room with marble wood burning fireplace; kitchen with corian countertops,custom cabinets, recessed lighting and extra bar seating; large master suite with dual vanities, jetted tub and separate shower that opens to screened porch; bright and cozy sunroom; loft area at top of stairs perfec...

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Mar 27 2013
10:02 am

Posted By Shawn Pillion
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3 Financial Reasons to Buy Charleston Real Estate NOW!

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3 Financial Reasons to Buy Charleston Real Estate NOW!

 

We are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising, interest rates are increasing and rents are skyrocketing.

Rents Are Skyrocketing

money evaporating houseWhether you own or rent, you will have a monthly housing expense. The question is how that expense will change in the future. When you purchase a home, for the most part, you lock-in that monthly housing expense for the length of the mortgage you take (15 or 30 years for example). When you rent a home, your housing expense is impacted by movements in the supply and demand for rental properties.

Historically, residential rental rates incr...

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A New And Different Housing Bubble Is Taking Shape

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A New And Different Housing Bubble Is Taking Shape

We have seen it for several years now: foreclosure sales—there were 5 million  since the peak of the housing bubble—have become the hunting grounds for  investors with two goals: hanging on to these homes until the Fed’s flood of  money drives up their value; and defraying the expenses of ownership by renting  them out. And funds have a third goal: collecting management fees.

Charleston Real Estate Bubble

Thousands of smaller investors have piled into the game. And so have the  giants.

Blackstone  Group LP, the world’s largest private equity firm, plowed over $3.5 billion into  the housing market, according to Bloomberg,  to gobble up 20,000 vacant and foreclosed...

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Mar 15 2013
3:15 pm

Posted By Shawn Pillion
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Charleston Real Estate is Back!

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Charleston Real Estate is Back!

 

Charleston Real Estate is Back!

by The KCM Crew

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Charleston Real Estate Market Activity Reports

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MARKET ACTIVITY REPORTS

Residential Real Estate Sales 18.7% Ahead of 2012 Levels
Sales are booming, prices are steadily trending upward in a robust Charleston-area market

CHARLESTON, SC—(March 11, 2013) 722 homes sold at a median price of $181,334 in the Charleston region in February, according to data released today by the Charleston Trident Association of REALTORS®. February’s sales figures are most comparable to pre-recession market activity seen in February 2008, when 733 homes sold. Pricing figures are trending closer to February 2009 levels, when the median price for our area was $183,322 but only 448 homes sold.

Charleston Market Update

Year-to-date, 1,367 homes have sold at a median price of $181,917 ...

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Mar 9 2013
10:50 am

Posted By Shawn Pillion
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124 Mary Street- Luxury in The Old Village

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Have you been following our new listing on 124 Mary Street in The Old Vilage?

124 Mary Street in Mt Pleasant

Over the past week I have fielded a lot of inqiuring phone calls and private showings- we even had someone make an offer too!

It was a very hot first week for this luxurious new listing. I spent this past Thursday afternoon at Mary Street watching the video shoot take place.

We should have the 124 Mary Street video live early this week, keep checking the blog for updates and of course we will post it to Facebook as well.

 UPDATE - VIDEO UPLOADED:

The house is in rare form right now and still gleaming from it's recent renovations. My favorite room is the master bath- It feels like a spa with it's heated ...

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Mar 8 2013
12:02 pm

Posted By Shawn Pillion
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Charleston Real Estate Future Values? Simple as Supply and Demand.

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Future House Values? Simple as Supply and Demand

 

Charleston Real Estate SupplyFor some time now, we have attempted to shed light on the fact that pricing in today’s real estate market, as it is in the markets for every other saleable item, will be determined by the concept of ‘supply and demand’.

 According to dictionary.com:

“The relationship between supply and demand determines the price of a commodity. This relationship is thought to be the driving force in a free market.”

In real estate, supply and demand is represented as the current month’s supply of homes for sale (the number of homes for sale divided by the number of homes sold in the previous month).

 

While there is no steadfast rule that will ...

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Mar 4 2013
8:15 am

Posted By Shawn Pillion
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For Sale in The Old Village- 124 Mary Street

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124 Mary Street- Luxury in The Old Village!

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This  is a rare  opportunity to own  one of Charleston's grand estates in the heart of The Old Village. Houses like this don't become available very often. 124 Mary is undoubtedly one of the most beautiful historic homes in Mt Pleasant with the charm of yesteryear and a renovation beyond expectation to accommodate today's lifestyle. This gracious 1865 Charleston single home has been completely restored and artfully updated to reflect grand scale entertaining and modern family living.

Mary Street embellishes all the luxuries of the Old Village lifestyle- jog to Sullivan's Island, grab a soda on Pitt Street, walk to Shem Creek restaurants...

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Mar 3 2013
10:36 am

Posted By Shawn Pillion
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Coming Soon in The Old Village- 124 Mary Street, Mount Pleasant SC 29464

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Coming Soon-

Please Contact ChuckTown Homes for a preview before it hits the MLS!

124 Mary Street- For Sale in The Old Village

This is a rare opportunity to own one of Charleston's grand estates, in the heart of The Old Village. Houses like this don't become available very often. 124 Mary is undoubtedly the most beautiful historic home in Mt Pleasant with the simplicity of yesteryear and a renovation beyond expectation. This gracious 1865 Charleston single has been completely restored and artfully updated to reflect grand scale entertaining and modern family living.

Mary Street embellishes all the luxuries of the Old Village lifestyle- jog to Sullivan's Island, grab a soda on Pitt Street, walk to Shem Creek restaurants, and ...

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Feb 13 2013
9:45 am

Posted By Shawn Pillion
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Walk to the Ocean! 10 Racquet Club Villa- Isle Of Palms, SC at Wild Dunes

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10 Racquet Club Villa at Wild Dunes

10  Racquet Club Villa Isle Of Palms, SC 29451

WALK  TO THE OCEAN!!!  Amazing Original Owner  Townhouse overlooking Lagoon and within steps of: Wild Dunes Tennis Center, Harbor Golf Course, Swimming Pool, Play Park, and OCEAN..

This meticulously maintained home features: Large Living Room with gas log fireplace; separate dining area; Sunroom overlooking Lagoon; Kitchen with breakfast bar and wet bar for entertaining; Private deck overlooking Lagoon; Dual split Master Suites each with Balcony (one overlooks Lagoon while the other overlooks Tennis Courts).

The outside of home is currently being remodeled (already paid by seller) with new steps and front porch, all decks, and fresh paint.

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Feb 13 2013
9:23 am

Posted By Shawn Pillion
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Is Buying Charleston Real Estate a Good FINANCIAL Decision?

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Is Homeownership a Good FINANCIAL Decision?

 

 

Charleston Real Estate QuestionMany have reported on Robert Shiller’s recent comments on the investment aspect of homeownership. Shiller, a Yale professor and co-founder of the Case-Shiller Home Price Index, is famous for making provocative comments on house prices and the financial benefits of owning a home. In a recent Bloomberg Television interview, Shiller responded to a question about homeownership as an investment this way:

“So, why was it considered an investment? That was a fad. That was an idea that took hold in the early 2000′s. And I don’t expect it to come back. Not with the same force. So people might just decide, ‘Yeah, I’ll diversify my portfolio. I’l...

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Jan 28 2013
6:33 pm

Posted By Shawn Pillion
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5 Reasons You Should List Your Charleston House TODAY!

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5 Reasons You Should List Your Chaleston Real Estate TODAY!

 

Charleston SC Real Estate ChuckTown Homes 

Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale.

Here are five reasons why that might not make sense this year:

 

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing Charleston SC real estate.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down...

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Jan 24 2013
6:54 pm

Posted By Shawn Pillion
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What It Took To Get A Charleston Real Estate Mortgage In 2012

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2012 Mortgage Charleston Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

by The KCM Crew


 

 

Are you planning to sell or buy Charleston SC real estate sometime in 2013? Looking for a great deal on a piece of Charleston real estate right now? Call ChuckTown Homes to find out how to negotiate the best deal and buy like a savvy investor.

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5 Charleston Real Estate Trends to Look For in 2013

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5 Real Estate Trends to Look For in 2013

 

 

Charleston Real Estate Crystal Ball

Predicting trends during volatile economic times in America is no easy task.

However, we are going to give it our best shot. We strongly believe these are the five real estate items we should keep an eye on in 2013:

 

Demand for Housing Will Continue to Surge

The housing market has turned the corner and there is no reason to believe that buyer demand will not maintain momentum throughout 2013. Household formations shot up to boom-time levels in 2012 and are projected to increase at even a faster rate over the next twelve months. A lack of inventory will be more of a challenge to sales increases than will a lack of demand.

Generatio...

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LOCATION, LIFESTYLE, LUXURY... Amazing Charleston real estate in Palmetto Pointe Villas

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1622 Folly Creek Way in Folly Beach, SC 29439

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LOCATION,  LIFESTYLE, LUXURY... Amazing condo located in Palmetto Pointe Villas, a waterfront Charleston SC Real Estate community w/ 3 deepwater docks, private boat ramp, oversized tandem garages, clubhouse w/ fitness center and pool, and majestically situated on Peas Island, located less than 2 miles from Folly Beach and only a 10 minute drive to historic Charleston.

Features include: Elevator servicing all floors; Hardwood floors; 9'ceilings on both levels; granite countertops; screened porch with marsh and creek views; top floor master suite with private deck offering breathtaking views of marsh and Ravenel Bridge; all 3 bedrooms inc...

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Charleston Real Estate- Young Adults & Homeownership

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How do young adults feel about owning Charleston real estate?

 

Charleston Real Estate and Young Adults

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Are you planning to sell or buy Charleston SC real estate sometime in 2013? Looking for a great deal on a piece of Charleston real estate right now? Call ChuckTown Homes to find out how to negotiate the best deal and buy like a savvy investor.

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Are Charleston Foreclosures Increasing or Decreasing?

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Are Foreclosures Increasing or Decreasing?

 

Charleston Real Estate Confusion

Recent headlines have created tremendous confusion regarding the foreclosure situation in the country.

Let’s give an example. Which of these two headlines are accurate?

Foreclosure Starts Plunge to 71-Month Low

Foreclosures Increase for the First Time Since 2010

 

The challenge is that both headlines are 100% accurate. How can foreclosures have increased for the first time in two years and, at the same time, be at a six year low? Each headline was reporting on a different measurement. Below are the explanations for each of the measurements as per RealtyTrac’s most recent Mortgage Foreclosure Report.

Foreclosure Starts

Foreclosure ...

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How long does it take to complete a Charleston foreclosure?

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So... how long will it take the bank to foreclose your Charleston house once you stop making payments?

How does that compare to the rest of the country?

 

Charleston SC Real Estate Foreclosure timeline

 

To truly understand your options when it comes time to sell your Charleston real estate, call the short sale experts at ChuckTown Homes.

 

888/ 210.3348

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Help! I Need a Charleston Short Sale Expert!

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Fighting Off Foreclosure.

What to do when you just can't hold on to your Charleston real estate any longer....

 

Charleston Real Estate Short Sales

 

Letting the bank foreclose on your home is never a good option.

One of the best options is to stay in control of the sale and the deficiency by short selling. ChuckTown Homes has closed over 40 Charleston short sales in 2012. We are true experts in the complicated short sale process.

If you are thinking of selling your Charleston SC real estate call the experts at ChuckTown Homes, even if you owe the bank more than the home is worth. We are experts at negotiating with the bank. We have helped hundreds of people just like you fight off foreclosure and escape a defic...

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Was 2012 a Better Year for Charleston SC Real Estate Than 2011?

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There are still those questioning whether the housing market is truly making a comeback. We have decided to graph home sales over the last two years based on the National Association of Realtor‘s Pending Home Sales Report. We believe the graph removes all doubt.

 

Charleston Real Estate 2012 sales


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The methodology for the report as per NAR:

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typi...

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We like to use this real estate blog to post the latest Charleston SC real estate news, trends, and things that interest us. Please check back often for updates to local Charleston SC real estate happenings!

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