September is Coming

September is among us soon and with that bring pumpkin lattes, pumpkin rolls, and fall weather (hopefully because we could all use a break from the rain).  Here is the September newsletter - Enjoy!

September has Jazz Fest, Charleston Restaurant Week, and Charleston Beer Week all in the same month.  If you’re looking for a great site for Summerville, SC check out http://www.visitsummerville.com/ and don’t forget the Summerville Farmer’s Market every Saturday from 8-1:00.

Here is your September calendar of events:

1-3: 9th Lowcountry Jazz Festival, N Chas PAC

5: Ed Sheeren, N Chas Coliseum

6-17: Charleston Restaurant Week

8: Mike Birbiglia, Gaillard

9-16: Charleston Beer Week

15: Moonlight Mixer, Folly Beach Pier

15: John Prine, N Chas PAC

14-16: Charleston Scottish Games and Gathering of the Clans

16: Cars and Coffee, Freshfields Kiawah

16: FamJam, Marion Square

17: Kiawah Island Triathlon

19: UB40, N Chas PAC

20: Tony Bennett, Gaillard

21: LGBTLOL, Chas Music Hall

21: Summerville, SC Third Thursday

22: Trevor Noah, N Chas PAC

23: Deer Tick, Chas Music Hall

25: Summers Corner Farmer’s Market

28: Chris Robinson Brotherhood, Chas Music Hall

28-8: MOJA Arts Festival

29: Free Verse Poetry Festival

30: Peppa Pig, Gaillard

30: 2nd House that Beer Built, Bohemian Bull

30: Hall and Oates, N Chas Coliseum

The total eclipse brought a lot more national attention to Charleston.  Not that we really needed it.  Being voted #1 City in the US so many times has taken care of that.  Our real estate market has responded by building new homes all over the tri-county area.  New construction is certainly a favorite among buyers.  Currently one third of the homes under contract are new construction.  In certain areas, that percentage is well over 50%.  Year to date in 2017, we are up 6.8% in number of transactions over the same time period of 2016.  It looks like we may sell 18k homes for the first time in our history.  And median sales price is up a modest 4.9% to an all time high of $255k.  But there appears to be more room for appreciation based on regression analysis of our yearly prices back to 1991.  Many people are thinking our market is overheated, but a 4.9% appreciation rate is just above the national average.  A booming port city like Charleston could easily be appreciating faster than that.  Credit has relaxed a bit, but is still very tight in general.  It’s not easy getting a loan these days. 

The West Ashley area is now getting a Whole Foods!!  Our new mayor has made West Ashley’s revival a priority.  West Ashley has been a very nice place, but who wouldn’t like to get even better.   A local group has purchased the Citadel Mall area there and should be announcing some big changes there soon.  Mt Pleasant continues to be the most popular place in all of Charleston, especially for those with some extra income.  Goose Creek and Berkeley County is also really starting to see a boom with the coming of Volvo. 

I'm thinking my next blog I'm going to try and track down all the local Farmer's Markets and post them.  Who doesn't enjoy walking around a farmer's market sipping a good cup of coffee (Insert beverage of choice)?  

Don't forget if you or someone you know is looking to buy or sell real estate let us be top of mind for you. We are at www.palmettodreamhomes.com or email us at Jason.Gregg@era.com

-Jason