Berkeley County Activity Leads to Increased Home Sales in March
CHARLESTON, SC— According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 1,110 homes sold at a median price of $219,316 in March. Last March, 1,075 homes sold at a median price of $200,789 in the region.
Inventory increased significantly in March–there are currently 5,873 homes listed as ‘active’ for sale in the Charleston Trident Multiple Listing Service (CTMLS). Last March there were 5,745 homes available and last month, 5,565. A growing inventory will supply interested buyers with more choices and keep prices from inflating on an unrealistic basis.
“As the spring buying season begins, the expected trend has continued—a small but sustainable increase in sales” said 2014 CTAR President Corwyn Melette. “The additional inventory will result in more interested buyers and help keep our market stable over the next few months. The substantial sales gains this month in Berkeley County were supported by a concentration of activity in the new Cane Bay Plantation and Daniel Island as well” said Melette.
February Adjustment
Preliminary data reported for February 2014 indicated that 791 homes sold at a median price of $210,000. Adjusted figures now show 813 homes sold a median price of $207,000.
Berkeley County
248 homes sold at a median price of $176,601 in Berkeley County in March. Last March, 201 homes sold at a median price of $168,000. The most active area in the county was in the North area bordered by Jedburg Road, Highway 17A and College Park, with 59 sales at a median price of $171,500.
Charleston County
In Charleston County in March, 626 homes sold at a median price of $280,000. Last March, 649 homes sold at a median price of $245,000. 210 homes sold in Mt. Pleasant at a median price $390,633. Other top areas were West Ashley (outside I526) with 77 sales at a median price of $219,000 and North Charleston (outside I-526) with 64 sales at a median price of $131,295.
Dorchester County
191 homes sold at a median price of $159,000 in March in Dorchester County. Last March, 189 homes sold at a median price of $162,500. The most active area was Summerville/Ridgeville, where 85 homes sold at a median price of $173,000.
-Market Reports from Charleston Trident Association of Realtors
The lure: A coastal city with thousands of miles of waterways, historic Charleston has a lovely year-round climate that allows for outdoor recreation of all types. But beyond the beauty, Charleston has emerged as a surprising economic success story that is luring East Coast-based buyers. Over 250 small-scale tech and digital companies have set up home in the Charleston area, making it one of the 10 fastest growing cities for software and Internet technologies in the nation. “Charleston is a big city that ‘lives’ like a small town,” says Ruthie Ravenel, an agent with Sotheby’s affiliate Daniel Ravenel Real Estate.
Key developments: Along with the Upper King Street corridor, Ravenel points New Yorkers toward Halsey Park, a new community being sold in Harleston Village. “The plan features row houses with private rooftop decks and harbor views.” This is one of the last developments in the heart of downtown Charleston, she notes. Row houses are all priced in the $1.4 million range. In the historic core, prices can easily top $10 million.
Read The Full article;
http://nypost.com/2014/04/08/the-20-hottest-real-estate-spots-in-the-world/
Filed under Places, Real Estate (Market info), Stories, News & Events
Cane Bay is a Master-planned development in Metropolitan Charleston , Located on US Hwy. 176 between Goose Creek, Summerville and Moncks Corner.
Quick Facts; Source; http://cane-bay.com
• Total acreage: approximately 4,500 acres
• Total # of homes at build-out: approximately 10,000
• Expected population: 25,000-30,000
• Commercial acreage: 195 acres
• Interconnecting trail system: in excess of 25 miles
• Preserved green space
• State-of-the art public schools in the Berkeley County School
District:
o Cane Bay High: opened 2008
o Cane Bay Elementary: opened 2009
o Cane Bay Middle: opened 2012
• Participating Homebuilders:
o Centex
o Crescent Homes
o Dan Ryan Builders
o Del Webb
o Hurricane Builders
o Landmark 24 Homes
o Lennar
o Sabal Homes
• Retail:
o Publix-anchored shopping center with restaurant and
multiple retail spaces– opened October 2011
• Sports and Recreation:
o Proposed YMCA of Greater Charleston – 68-acre site will
be the largest non-camp YMCA in the country
• Accolades:
o Charleston’s #1 selling community 2008 – 2012 with
the most homes sold in the tri-county – Real Estate
Information Services
o South Carolina’s #1 selling master-planned community
2012 – John Burns Real Estate Consulting
o Nationally ranked #50 top-selling master-planned
community 2012 – John Burns Real Estate Consulting
o 50 hottest selling communities in America 2011-2012 –
Builder Magazine
A major contributor to the Growth of Berkeley County in South Carolina is MeadWestVaco Corporation’s Nexton Project; Nexton is 4,500 acres strategically located in the path of growth at the intersection of I-26 and Highway 17A , Summerville. Nexton will be a Live-work-play environment featuring businesses, shops, homes, restaurants, parks, schools and interconnecting trails. For more information; View The NEXTON BROCHURE or visit nextonsc.com
NEXTON – South Carolina
RECENT NEWS LINKS;
Nexton development to break ground on new Marriott hotel near Summerville Monday; Post and Courier; 9-20-2013 http://www.postandcourier.com/article/20130920/PC05/130929956
LOW COUNTRY PROUD; Berkeley County sees major growth into future along I-26 Post and Courier; 9-19-2013 http://www.counton2.com/story/23481366/lowcountry-proud-berkeley-county-sees-major-growth-along-i-26
South Carolina Research Authority buys Nexton site for new Charleston-area HQ; Post and Courier; 8-23-2013 http://www.postandcourier.com/article/20130821/PC05/130829880/south-carolina-research-authority-buys-nexton-site-for-new-charleston-area-hq
Nexton Announces First Restaurant; Nexton SC; 8/5/2013 http://nextonsc.com/nexton-announces-first-restaurant/
Berkeley County School Board names new school Nexton Elementary; Post and Courier; 4-23-2013 http://www.postandcourier.com/article/20130423/PC16/130429704/berkeley-names-new-elementary-school
Filed under Places
Cane Bay Plantation is a 4,360-acre master-planned community, located along Hwy 176 in Berkeley County. The community offers a variety of home types, pools, parks, ponds, pavilion, hiker-biker trails, schools, community shopping center (Publix) and a gated adult living community (Del Webb). Cane Bay saw more single family homes closed than any other Planned Development or subdivision in Metro Charleston for 2008, 2009 and 2010. Cane Bay was also featured in a blog post by The John Burns National Independent Housing Research Firm as among the ” 50 Top-Selling U.S. Master Planned Communities for 2011″ http://www.realestateconsulting.com/blog/peter-dennehy/50-top-selling-us-master-planned-communities-2011
Cane Bay currently has 5 neighborhoods; Old Rice Retreat, Sanctuary Cove, Lindera Preserve, Magnolia and Del Webb at Cane Bay. Cane Bay has re-sale homes currently for sale and new construction options from a variety of builders.
Cane Bay’s Homeowner Association management company is Community Management Group. http://www.cmgcharleston.com/cane_bay_plantation.htm
Filed under Places
Crowfield Plantation is a planned development consisting of 27 communities with a variety of housing types and commercial properties. The community includes 26 miles of natural biker/hiker trails, playgrounds, park, ball field, tennis courts, swimming pools, club house, RV & Boat storage, ponds, Lake, several docks and a public golf course located within the community.
If you are looking to buy a home in the Charleston area, check out Crowfield Plantation in Goose Creek, SC. This diverse community offers housing opportunities in a variety of price ranges, styles and ages. Whether you are a golfer, biker, swimmer, fisherman or tennis player, you will find that Crowfield Plantation has something for everyone!
Crowfield HOA Website; http://www.crowfieldhoa.net/home.asp
Real Estate Matters in Charleston SC - Gena Glaze 