Charleston Real Estate Future Values? Simple as Supply and Demand.Buyer Info
Future House Values? Simple as Supply and Demand
For 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 ...Read Full Post →
5 Charleston Real Estate Trends to Look For in 2013Buyer Info
5 Real Estate Trends to Look For in 2013
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...Read Full Post →
LOCATION, LIFESTYLE, LUXURY... Amazing Charleston real estate in Palmetto Pointe VillasBuyer Info
1622 Folly Creek Way in Folly Beach, SC 29439
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...
Was 2012 a Better Year for Charleston SC Real Estate Than 2011?Buyer Info
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.
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...Read Full Post →
Charleston SC Real Estate- Who's buying & selling in 2012?Buyer Info
Who is doing all this buying and selling in Charleston?
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.
Originally published by the National Association of Realtors (NAR).Read Full Post →
The Finances of Renting vs. Buying Charleston Real EstateBuyer Info
The Finances of Renting vs. Buying
by The KCM Crew on September 14, 2012
Trulia reported this week that homeownership is 45% cheaper than renting in the United States. Jed Kolko, Trulia’s Chief Economist explained:
“Homeownership is cheaper than renting in all of the 100 largest metros, by a wide margin. Despite the recent price rebound, rents continue to rise faster than prices, and mortgage rates are near record lows.
Homeownership makes the most financial sense for people whose strong credit scores let them snag the lowest mortgage rate and who get the biggest benefit from deducting mortgage interest and property taxes from their income taxes.”
(Trulia’s methodology ...Read Full Post →
Waterfront Charleston Real Estate! 4181 Victory Pointe Drive Mount Pleasant, SCBuyer Info
Waterfront Charleston Real Estate! 4181 Victory Pointe Drive Mount Pleasant, SC
Wonderful waterfront Charleston Real Estate with two and a half miles of unobstructed views of Porcher Creek, Dewees Inlet, Intracoastal Waterway & Isle of Palms from almost every room in this home. This meticulously maintained home is located in the very private and gated Victory Pointe neighborhood in The Bluff At Charleston National.
Golf in the morning and boat in the afternoon. Enter the home and you will be amazed at the panoramic views. This gorgeous home features a easy living open floor plan that is perfect for entertaining as well. It is perfectly situated facing due south with plenty of windo...
Charleston Real Estate- 3217 Hydrangea Trail Johns IslandBuyer Info
3217 Hydrangea Trail Johns Island, SC 29455
This beautiful Charleston reale estate is the total Johns Island package with a fresh, warm interior, large porch for relaxing and dining, and a gorgeous garden. The open floor plan is wonderful for entertaining, and the kitchen is lovely with granite counter tops and stainless steel appliances.
The large master on the first floor overlooks the "English" garden and includes an elegant, gracious bath and generous walk in closet. Also located on the first floor is a bright office which opens onto the front porch with French doors.
The upstairs includes 2 large bedrooms with a Jack and Jill bath. In addition, the upstairs landing works ...
Charleston Home Prices: It’s About Supply & DemandBuyer Info
The Charleston real estate market continues to heat up as we head into the summer.
Will this increase in demand equate to an increase in home prices? That depends.
Remember, the price of any item is determined by the supply of and demand for that item at any point in time.
Let’s look at the facts as reported by the National Association of Realtors (NAR) in this month’s Existing Home Sales Report:
Demand has strengthened, showing a 10% increase over the same month last year.
The supply of homes for sale is down 20.6% from the same time last year.
Because supply is down and demand is up, many believe prices should begin to increase as we finish out 2012 and head into ...Read Full Post →
ChuckTown Homes Pleased to Welcome Sheryl Greenburg!!!!General
We are pleased to welcome our newest agent- Sheryl Greenburg!
Sheryl Greenberg brings over 15 years of Interior Design and Business experience to ChuckTown Homes.
Sheryl has had the good fortune of designing some of the most fabulous kitchens, baths and furniture pieces in the Charleston area, particularly on Kiawah and Daniel Island. Many of her designs have been shown in Charleston Home and Charleston Home and Design Magazines.
Sheryl has a BA in Interior Design from Eastern Michigan University and an MBA from Madonna University in Livonia, Michigan. Her love of architecture, beautiful gardens, and southern charm coupled with her passion for business and the Art of...Read Full Post →
The Best of Sullivan's Island! 1315 Cove Avenue Sullivans Island, SCBuyer Info
The Best of Sullivan's Island!
1315 Cove Avenue Sullivans Island, SC
Nestled on a quiet street, 1315 Cove Avenue offers buyers the best of the Sullivan Island lifestyle with expansive marsh views, large outdoor living spaces and a prime location that is only a short golf cart/bike ride from Sullivan Island beaches and restaurants. As you pull up to the home, you will notice the beautiful brick hardscaped driveway, 2 car garage and grand double staircase leading up to the wide Charleston front porch.
The owners of the home are also avid gardeners and have beautifully landscaped the front yard with colorful flower beds, palms and mature pine trees. The backyard of the home is a...
South Carolina's Most Expensive House! 32 Legare Street in Charleston, SCBuyer Info
South Carolina's Most Expensive House!
32 Legare Street in Charleston, SC
The Sword Gate House rests behind one of the most recognized gates in all of Charleston. This very fine Federal style home is grand with Adam detailed beautiful wood and plaster work. This home is positioned well back from Legare and Tradd Streets and is surrounded on all sides by a magnificent collection of Charleston gardens and patios.
This important property boasts an unsurpassed level of detail and technology; the product of a painstakingly thorough renovation project spanning years. The room list may help to describe a gracious home reflecting a grand lifestyle: Entrance hall with grand curved s...
138 Cooper River Dive in Mount Pleasant - Luxury Living at Tides Condominiums!Buyer Info
138 Cooper River Dive Mount Pleasant - Luxury Living at Tides Condominiums!
Enjoy the elegance of a luxurious private home with a concierge, maintenance man, landscaper, window washer, garage parking, elevator maintenance, heated and cooled swimming pool and hot tub, outdoor kitchen, and party rooms with a caterers kitchen, as well as a state of the art fitness center for one low price.
Never cut the grass, clean the pool or plant the spring flowers again. The views from this third floor condominium will take your breath away, and the scene changes daily. Spacious closets, private balconies, marble baths, and a gourmet kitchen with honed marble counters and top of the line ...
518 Whilden Road Mount Pleasant, SC- Old Village Charmer!Buyer Info
518 Whilden Road in Mount Pleasant
Nestled in the heart of Mount Pleasant's Old Village, you will find this spacious, masterfully updated and beautifully appointed Whilden Street home. As you turn off Whilden Street, you will access the home through a quiet, private drive which is shared by five homes and features mature trees and borders the church parking lot. The exterior of the home epitomizes true Lowcountry charm and elegancewith brick stairs, a beautiful new solid wood and glass front door, beveled sidelights, expertly landscaping, and a wide front porch complete with two ceiling fans for those warm Charleston evenings.
As you continue into the home, you will instantl...
Have it all at Bulls Bay! 789 Bulls Bay Boulevard Awendaw, SCBuyer Info
789 Bulls Bay Boulevard Awendaw, SC 29429
Stunning, traditional/contemporary custom designed and built home located in a quiet, private, gated community. Entering you'll find the great room with antique marble floors with a 20' vaulted, beamed ceiling, and slate fireplace overlooking the saltwater temperature controlled infinity pool, deck and the exclusive Bulls Bay golf course. This home's floor plan flows beautifully for entertaining featuring two kitchens and three wet bars. The inside kitchen is a gourmet cook's dream come true featuring a European Aga Legacy stove with double ovens and a 6 burner gas cook top. Sub-Zero appliances include a refrigerator, two refrigerator draw...
On the Water in Charleston! 2 Concord StreetBuyer Info
2 Concord Street in Charleston
Truly Unique and Truly Inspiring. 2 Concord Street is unquestionably THE premier property of Charleston. This property is truly a gem and represents Charleston properties like no other. The property is located adjacent to the Carolina Yacht Club and was previously the Degaussing Station owned by the State of South Carolina. The property was converted to a residence through a monumental construction effort that was completed late 2009- early 2010. The end result is a trophy property overlooking Charleston Harbor with unparalleled views. 2 Concord St features the Main Residence, Guest House, and existing dock. The dock is a 240 foot long fixed concrete...
15,000 Square Feet of History in Downtown Charleston- 60 Montagu Street Charleston, SC 29401Buyer Info
15,000 Square Feet of History in Downtown Charleston!