Monday, November 30, 2015

Tis' the Season - for Real Estate!!!!

COURTESY: http://www.summervillesc.gov
Summerville, SC Christmas Tree
The holiday season is upon us here in the Holy City.  We had 70 degree temps and beautiful weather for Thanksgiving.  It’s often the same for Christmas, but there’s always a chance for a cold snap.  There will be all sorts of holiday parades and Christmas tree lighting's.  And of course the James Island County Park’s 26th Annual Festival of Lights has already started and will run through New Year’s Day.  The Gaillard Auditorium has been completely renovated and they say the acoustics are world class.  Here is a list of December events in Summerville and around town:

December Events:
1: Summerville Christmas Tree Lighting at 6:00
3-5:  A Living Christmas Story at Bethany United (Summerville)
2-20: A Christmas Story, Dock Street Theatre
4-6: Christmas Candlelight Services, Citadel’s Summerall Chapel, 7:30pm
4-20: Miracle on 34th Street, Footlight Players Playhouse
5-6: Nutcracker Ballet, Gaillard
5-20: Charleston Christmas Special, Music Hall
5: Tree lighting, Marion Square
5: 15th Annual Christmas Concert, Ashley River Baptist Church
6: Christmas at the Sotille with Charleston Men’s Chorus, 44 George St
6: 35th Annual Charleston Christmas Parade, 2pm Marion Square
6: Christmas Concert by CSO Brass Ensemble, St Thomas Episcopal
6: David Sanborn, N Chas PAC
8: Jill Scott, N Chas PAC
10-12: Handel’s Messiah by CSO, Gaillard
12: Folly Beach Christmas Parade
12: Parade of Boats, Maritime Center
12: 25th Annual Reindeer Run
12: 38th Annual Kiawah Marathon
13: Summerville Christmas Parade at 2:00
13: Mt Pleasant tree lighting and parade
17: HipHop Nutcracker, N Chas PAC
17: Summerville Third Thursday
17: Country Unplugged, Gaillard
18: Christmas with the Charlestones(a cappella), St Matthews Lutheran
19: Nexton's Cocoa Cup 5K
2: Judy Collins, Chas Music Hall
22-23: Elf the Musical, N Chas PAC
24: Moscow Ballet’s Nutcracker, N Chas PAC
27: Blue Dogs, Chas Music Hall
31: Edwin McCain, Chas Music Hall
31: Viennese New Years Eve Ball, Black tie Gaillard

Our real estate market continues to set records each week for buying activity for this time of year.  We always have a seasonal slow down starting some time in October and usually lasting through February.  While we have slowed down from the incredible summer pace, we are still far ahead of years past for this time of year.  We are up 14% in terms of number of transactions  over 2014 YTD and will likely surpass 15k residential units sold by the end of 2015.  That will be our 3rd busiest year ever.  Low mortgage rates continue to encourage buyers to move forward.  And median sales price is up about 5.2% and is pretty stable right now around $230k-$235k.  New construction makes up about 40% of what we currently have under contract.  It is much higher than that in specific areas like Goose Creek, Johns Island, and north Mt Pleasant.  Short sales and foreclosures percentages are now low enough that they are not really relevant anymore.

As always please allow me to your Realtor and Real Estate consultant and have a great December and Merry Christmas.  Call me at 843.696.8627


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