Charleston Real Estate Blog

Charleston Real Estate in Real Time


Is Your House Priced To Sell Immediately (PTSI)?

Thu, Mar 21st 2019 4:01 pm by Shawn Pillion Buyer Info

Is Your House Priced To Sell Immediately (PTSI)?

Charleston Family Real Estate

In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will be 4.6% higher.

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little OVER market value to leave room for negotiation will actually dramaticall...



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Don't Let Your Luck Run Out! Buy a Charleston Home This Spring!

Fri, Mar 15th 2019 11:16 am by Shawn Pillion Buyer Info

Charleston 2019 Spring Real Estate

Some Highlights:

  • Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018.
    Take advantage of more inventory coming to market in the spring to find your dream home!
    Buying now will allow you to start earning equity today!


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Home Prices up 5.73% Across the Country in 2019! What about Charleston?

Mon, Mar 4th 2019 11:42 am by Shawn Pillion Buyer Info

Great 2019 Real Estate Appreciation across the country:

2019 Real Estate Values in Charleston SC

Analysis of residential properties going under contract(contingent) in Charleston SC during week of 2/22/19-2/28/19


 397 residential properties under contract past wk. Starting to kick into high gear.
 302 single family homes under contract past wk. Median LIST price $295k,$147/sqft. 4 under $100k. 24 over $1M, 5 of
those over $2M. Median 21 CDOM. Median Yr Blt 1998
 6(2%) of 302 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES. Another 9% new
construction. 1 of 2 short sales in areas 31/32, 61-76
 49 island single family homes under contract past wk. James-16,Folly-5($200k,$525k,$745k,$895k,$1.95M...



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How To Save Thousands Of Dollars In Interest On Your Mortgage in 2018

Wed, Dec 26th 2018 11:02 am by Shawn Pillion Buyer Info

How To Save Thousands Of Dollars In Interest On Your Mortgage

One of the most common loans you can get to buy a home in Charleston is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving you money over the life of your loan.

Any additional payments to the principal amount (the original sum of money borrowed in a loan), helps to cut down the amount of interest that you will pay over the life of your loan and can also help to shave years off the loan as well.

When you make ‘extra’ payments toward your loan, the key is to let your lender/bank know that you want the extra funds to go toward your principal bala...




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Charleston Luxury Real Estate- Buyer's or Seller's Market in 2018?

Fri, Dec 7th 2018 10:21 am by Shawn Pillion Buyer Info

Charleston SC Real Estate- A Tale of Two Markets

Charleston Luxury Real Estate 2018

Our Takeaways:


  • An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!

  • Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.

  • Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months.
  • It's a great time to shop for Premium real estate in Charleston!


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Further Proof It’s NOT 2008 All Over Again in Charleston

Thu, Nov 29th 2018 10:54 am by Shawn Pillion Buyer Info

Further Proof It’s NOT 2008 All Over Again in Charleston

Charleston Real Estate repeat of 2008?

Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.

However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade.

The previous bubble was partially caused by unhealthy levels of mortgage debt. New purchasers were putting down the minimum down payment, resultin...




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Will Charleston Home Prices Continue to Increase?

Tue, Oct 23rd 2018 12:33 pm by Shawn Pillion Buyer Info

 2018 Charleston Home Prices

There are many unsubstantiated theories about what is happening with Charleston home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pr...




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Charleston Housing Market: Another Gigantic Difference Between 2008 and 2018

Thu, Aug 16th 2018 11:29 am by Shawn Pillion Buyer Info

Charleston Housing Market: Another Gigantic Difference Between 2008 and 2018


Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.

However, there is a major difference between the two markets. Last decade, while demand was being artificially created by extremely loose lending standards, a tremendous amount of inventory was coming to the market to satisfy that demand. Below is a graph of the inventory of homes available for sale leading up to the 2008 crash.

Charleston Houseing Levels in 2005

A normal Charleston ma...



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Charleston Interest Rates Still Historically Low!

Fri, Jul 6th 2018 12:29 pm by Shawn Pillion Buyer Info

Charleston SC Interest Rates

With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
Rates are projected to climb to 5.1% by this time next year according to Freddie Mac.
The impact your interest rate makes on your monthly mortgage cost is significant!
Lock in a low rate now while you can!

Ready to find out how to make it happen? Speak with the Charleston real Estate Experts at ChuckTown Homes Real Estate today!




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Drop in Charleston Real Estate Fueling Price Increases in 2018

Fri, May 25th 2018 11:01 am by Shawn Pillion Buyer Info
On the real estate front, the number of transactions year to date is almost the exact same as last year. However, the median sales price is up 7.2% over the same period to an all time high of $265k. That’s a pretty heady number. The last couple of years have seen more modest gains of around 4%. Many people are asking if this is the warning of another bubble. But remember, real estate doesn’t ever really go down.

Charleston Real Estate Inventory 2018

Well it did once, in 2008. But that was an anomaly. There was a good reason for that and it was nationwide. Don’t expect prices to go down again. Economies go into recession and this causes real estate to go flat. Sometimes you may see your real estate value stay co...



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Charleston Home Buying Myths Slayed!!

Fri, Apr 20th 2018 1:29 pm by Shawn Pillion Buyer Info

We hear many crazy excuses from buyers about why they are putting off buying a home in Mount Pleasant, Summerville, James Island, or West Ashley all the time.

Well- a lot of them are myths!

Charleston Home Buying Myths



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8644 Scottish Troon Court- Real Estate Video!

Sat, Mar 31st 2018 2:06 pm by Shawn Pillion Buyer Info

8644 Scottish Troon Court

Watch The Video

Image

8644 Scottish Troon Court
North Charleston, SC

MLS# 18001036 - Residential

Gorgeous custom estate on the golf course in Coosaw Creek Country Club! No expense spared on this one year old executive home. Raised slab foundation, premium lumber 2x6 framing, pre wired for generator with ATS, spray foam insulation, Carrier Infinity system, custom cabinetry- top of the line construction quality. Random width walnut floors greet you behind the custom mahogany and iron front door. Beyond the foyer lies a generous home office and powder room with custom live edge slab vanity. Around the corner is the wine room- with custom wine cellar, built in beer coolers, and a b...



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How to sell your Charleston Home in 2018

Fri, Mar 23rd 2018 10:18 am by Shawn Pillion Buyer Info

Selling Charleston Real Estate 2018

 

 

Ready to get your home sold quickly by an expert?
Call the real estate pros at ChuckTown Homes Real Estate!

What your agent failed to tell you.

Do we even have a marketing plan?




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Moving up in Charleston Real Estate Is MORE Affordable Now Than Any Other Time in 40 Years

Thu, Mar 15th 2018 12:50 pm by Shawn Pillion Buyer Info

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years

Charleston Real Estate Affordability
If you are considering selling your current home, to either move up to a larger home or into a home in an area in Charleston SC that better suits your current family needs, great news was just revealed.

Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed that:

“Nationally, homes are just about the most affordable they’ve been in the last 40 years… the median household could afford a home 1.5 times more expensive than the median home price. In 1980, the median household could only afford about 3/4 of the med...




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Golf Course Home in Coosaw Available!

Thu, Jan 11th 2018 11:18 pm by Shawn Pillion Buyer Info

Ever dream of building a custom home with no expense spared?

Want it in a gated country club neighborhood on the golf course?

Why wait!!!     All the work has been done for you!

Presenting 8644 Scottish Troon Court, North Charleston SC 29420

8644 Scottish Troon Ct North Charleston

Gorgeous custom estate on the golf course in Coosaw Creek Country Club!

8644 Scottish Troon Court

No expense spared on this one year old executive home. Raised slab foundation, premium lumber 2x6 framing, pre wired for generator with ATS, spray foam insulation, Carrier Infinity system, custom cabinetry- top of the line construction quality.


Random width walnut floors greet you behind the custom mahogany and iron front door. Beyond the foye...




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What are buyers looking for in a Charleston home?

Tue, Jan 9th 2018 1:20 pm by Shawn Pillion Buyer Info

What do Charleston real estate buyers look for in 2018?

What are Charleston Home buyers looking for in 2018

Want to find the best strategy for selling your Charleston home in 2018?

Call in the listing experts at ChuckTown Homes Real Estate and find out how we helped almost 400 families in 2017 sell their home.

Our advice is always honest and always free!

Want to see our plan?

https://www.chucktownhomes.com/chucktown-homes-creative-marketing-plan.html




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Four Reasons to Sell Charleston Real Estate this Winter!

Sun, Jan 7th 2018 10:05 am by Shawn Pillion Seller Info

Why should you sell your Charleston real estate this winter??

why you should sell charleston real estate

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!

  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.

  • Perhaps the time has come for you and your family to move on and start living the life you desire.

Ready to sell your Charleston or Mt. Pleasant home and move on with life?

Take advantage of the favorable 2018 market and serious winter buyers.

Call ChuckTown Homes Real Estate today!

__________________...




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The Real Reason Charleston Home Prices are Increasing

Thu, Nov 30th 2017 10:31 am by Shawn Pillion Buyer Info
The Real Reason Charleston SC Home Prices are Increasing

There are many unsubstantiated theories as to why Charleston and Summerville home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase.

It is that simple. In real estate, it takes a six-m...




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The Cost of Renting in Charleston vs Buying Charleston Real Estate

Fri, Oct 20th 2017 10:49 am by Shawn Pillion Buyer Info

Buying Charleston Real Estate 2018

 

Ready to find out how to buy Charleston Real Estate?

Call the experts at ChuckTown Homes Real Estate today!




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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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