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

Coffee & Bagel or Financial Freedom? Investing in Charlerston Real Estate.

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 Starbucks or Charleston Real Estate?

      InfoGraphic courtesy of our great friend Dave Savage from Mortgage Coach.

 

 

Stopping at your local Charleston Starbucks or investing into your Charleston Real Estate mortgage? The choice is yours!

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Sep 5 2013
4:51 pm

Posted By Shawn Pillion
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Charleston Real Estate Flood Insurance Increasing- Here's What to do!

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Charleston Flood Insurance Rates Going Up? Here’s What to Do          

 

Why Are Rates Going Up?

Two reasons:

1. The Federal Emergency Management Agency is updating its flood maps to be more accurate, which could change your flood risk designation. If your risk is higher, your premiums will go up. If it’s lower, your premiums could go down.

2. Last year, a new law took effect that requires the National Flood Insurance Program (NFIP) to phase out subsidies for some older properties to reflect the full risk of flooding. 

Phasing out the subsidized rates and discounts over the next five years will help the NFIP stay solvent. 

Some subsidies have been given in the form of “grandfathe...

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Top 10 Reasons to hire a Charleston real estate agent

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Top 10 Reasons to hire a real estate agent

 

Hire a Charleston Real Estate Agent

http://jensenandcompany.com/

 

Want to find out why ChuckTown Homes sells more Charleston Real Estate than almost anybody in Charleston?

Take a look at our amazing marketing plan.

Also: Top 20 things your agent forgot to tell you!

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Aug 29 2013
11:21 am

Posted By Shawn Pillion
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14,767 Houses Sold Yesterday! Did Your Charleston Real Estate Sell?

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14,767 Houses Sold Yesterday! Did Yours?

 

charleston real estate calendars

 

There are some Charleston homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is…

If it hasn’t sold in this hot market, maybe it’s not priced properly.

After all 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow. 14,767!

That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales had increased 17.2% over the year before. According to the report, annual...

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Charleston Real Estate Pricing is Still about Supply and Demand

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Charleston Real Estate is about Supply and Demand

 

Charleston Real EstateKnowing how much inventory is for sale is crucial to determining where home values are headed. Pricing of any item is determined by supply and demand: how many items are available in relationship to how many want to buy that item. The reasons for the strong year-over-year home appreciation numbers we have been seeing is simple to explain: demand for housing is up and the supply of homes for sale has been at historic lows. But that is beginning to change.

The months’ supply of available housing inventory, as reported by the National Association of Realtors, has increased from 4.3 months this past January to the current number of 5....

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Jul 23 2013
10:33 am

Posted By Shawn Pillion
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Selling a House in Charleston: What Does it Take?

Seller Info

Selling a House in Charleston: What Does it Take?

 

Charleston Real Estate

 

The most important need of anyone attempting to sell their house in Charleston is – TO GET IT SOLD!

It is imperative that your Charleston real estate agent is very direct in what it takes to get a house sold. Here is a checklist we put together.

ACCESS

A seller should be willing to give almost unlimited access to potential purchasers if they are looking to sell. Any restrictions to showing the home will result in fewer buyers which could result in a lower price, a longer time on market or both.

CONDITION

Condition goes a long way in determining whether or not a house sells. Bringing in a professional stager is the ultimate an...

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Charleston Real Estate Bubble: Is There a New One Forming?

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Charleston Housing Bubble: Is There a New One Forming?

Charleston Housing Bubble

 

The housing market is recovering so nicely that it has caused some to wonder whether a new housing bubble is forming. Today, we want to explain that the fear of a new pricing bubble in real estate is unwarranted.

Trulia revealed some great data on this point in a recent blog post. They explained that, even with the recent price increases, national home prices are still 7 percent undervalued. Trulia explained:

“Home prices nationally remain undervalued relative to fundamentals and much lower than in the last bubble. That’s why today’s price gains are actually still a rebound, not a bubble.”

Prices are below their fundamen...

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May 21 2013
12:48 pm

Posted By Shawn Pillion
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Charleston Real Estate Prices Expected to Increase in 2013

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Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices on Charleston Real Estate will rise about the same 5% over the next twelve months, here is the difference a buyer will pay if they wait a year:

 

Price Increase

 

Contact your Charleston Real Estate Pro's at ChuckTown Homes to find out how to get involved in this historic real estate market!

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May 3 2013
2:45 pm

Posted By Shawn Pillion
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Why are people buying Charleston real estate?

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Why are people buying Charleston Real Estate

 

The consensus is growing. Now is the time to buy Charleston Real Estate!

Have you been waiting for the market to recover?

Charleston real estate inventory levels are over 50% lower than a few years ago.

 

So go ahead..... GO NUTS!

Go nuts buying Charleston Real Estate

 

 

To figure out the best Charleston real estate buying strategy call Shawn Pillion at 843/ 647.9711.

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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.

Buyer Info

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

Buyer Info

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

Buyer Info

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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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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