Charleston Real Estate - It's a Great Day To Sell Your Home!

Posted By Shawn Pillion @ May 11th 2021 9:22am In: Seller Info

There’s no doubt that 2021 is the year of the seller when it comes to the Charleston housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your Charleston dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.

1. Historically Low Inventory
Even with a slight rise in the number of houses for sale this spring, inventory remains near an all-time low (See graph below):

Charleston Inventory

2. Frequent Bidding Wars
As a result of the supply and demand imbalance, Charleston homebuyers are entering bidding wars at an accelerating rate. NAR reports the average number of bids received on the most recently closed sales is 4.8 offers. This number has doubled since the first quarter of 2020 (See graph below):

Average Offers

3. Days on the Market
In today’s market, sellers aren’t waiting very long to find a buyer for their house, either. (See graph below):

Days on the Market

Bottom Line
If you’re thinking about moving, these three graphs clearly show that it’s a great time to sell your house. Contact us today to learn more about the opportunities in our Charleston area. - http://bit.ly/ContactCTH



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3908 Palm Boulevard
Isle of Palms, SC

MLS# 21011961 - Residential

For the luxury lifestyle your client expects, we present this immaculate custom-built home overlooking the Atlantic Ocean. This exquisite residence, built in 2006, offers the finest in beach front living. Discerning buyers will immediately recognize the quality of this artfully constructed home. Constructed with the finest materials, including Andersen high impact windows and doors, as well as exotic IPE decking, this 9-bedroom home also boasts beautiful Brazilian cherry floors throughout. A custom kitchen overlooking the Atlantic is worthy of the most discriminating chef. It features all top-of-the-line stainless steel appliances as well as a separate wine room. You will love the natural light and wonderful views throughout this home. READ MORE The third-floor bedroom's panoramic views are the most spectacular, breathtaking viewpoints of one of the nation's top beaches. Oceanside, lounging by your infinity edge pool, you will experience beach living at its finest as you enjoy revitalizing breezes just steps from the Atlantic. The outdoor living area is complete with an outdoor kitchen with a stainless steel built-in grill. The separate gazebo off the private boardwalk provides additional serenity to capture your own sunrise. Tankless hot water heaters, spray foam insulation throughout, metal roof, and low E Andersen impact doors and windows are some of the sustainability features reducing our carbon footprint. This home has a transferable ''grandfathered'' vacation rental license for a maximum occupancy of 28 (current law only provides 12 occupants). For 2021, the projected rental revenue will exceed $700,000 with $647,000 of rentals already on the books. Furniture does not convey but may be purchased on a separate bill of sale. This home is shown by appointment only.

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