Monday, December 5, 2016

December Newsletter - Charleston SC Real Estate - BackPorch Properties

December and the holiday season is upon us. Most of the events in town this month are holiday related. The Sound of Charleston from Gospel to Gershwin will be at the Circular Congregational Church all month.  The Holiday Festival of Lights at the James Island County Park is always a favorite. There will be plays, music, parades, and tree lightings all month.  What a great time of the year in Charleston with temperatures in the mid 60’s. Here is your December calendar of events:

1-3: Holy City Messiah, CSO, Various Lowcountry Churches
2: Melissa Etheridge’s Holiday Trio, Chas Music Hall
2-4: 4th Annual Made in the South Weekend, Charlestowne Landing
3: N Charleston Christmas Parade and Festival
3: IOP Holiday Street Festival
3: 26th Annual Reindeer Run, starts at Southend Brewery
3: Holiday Swing w/ Chas Jazz Orchestra, Chas Music Hall
3,4,10: 33rd Annual Spirituals Concert, Drayton Hall
3: Pint of Hope, Hoppy Holiday Market, Freehouse Brewery
4: Charleston Christmas Parade and Tree Lighting
8-21: 21st Annual Charleston Christmas Festival
9-11: Nutcracker by Charlotte Ballet, Gaillard
10: Folly Beach Christmas Parade
10: Holiday Parade of Boats
11: Mt Pleasant 21st Annual Christmas Light Parade and Tree Lighting
11: Summerville Christmas Parade
14: Elf, Chas Music Hall
15: Skylark Vocal Ensemble Christmas, Grace Cathedral
15: CSO String Quartet, Historic Library Society
15: The Tenors, Gaillard
17: CSO Holiday Pops, Gaillard
17: Night Before Christmas by Charleston Chamber Music, Sottile Theater
20-21: Christmas in Wales, Circular Congregational Church
21: Special Holiday Extravaganza, Gaillard
21: It’s a Wonderful Life, Chas Music Hall
28: Blue Dogs, Chas Music Hall
30,31: Shakey Graves, Chas Music Hall
31: 4th Annual Charleston Rose Ball, Johnson Hagood Stadium
31: 5th Annual Yorktown Countdown
31: Folly Beach Flip Flop Drop
Jan 1: Bill Murray Look-a-Like Polar Bear Plunge


The Charleston real estate market continues to do extremely well and reflects the wonderful state of the economy overall here.  Overall, we are up 10% year to date in the number of transactions and we may sell over 17k home this year.  It will either be the busiest or the second busiest year ever.  And median sales price is up almost 5% to $244k.  40% of the properties currently under contract are new construction.  And this new construction is spread out over the entire tri-county area from Summerville to Johns Island and from Mt Pleasant to rural West Ashley.  The Volvo plant has brought several new subdivisions to the Summerville area and a new interchange on I-26 is being added.  Boeing is continuing to expand and seems very pleased here.  Some people are just beginning to figure out that they call us Silicon Harbor because there are so many software and digital IT companies here.  Of course, new restaurants and breweries continue to open daily and the cruise ships continue to bring new tourists into town.
Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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Monday, October 3, 2016

Charleston SC Real Estate Statistics for September 23-29,2016

Analysis of residential properties going under contract(contingent) during week of 9/23/16-9/29/16

  • 308 residential properties went under contract this past week in Charleston SC. Slowing down just a little.  Will continue to slow slightly until Feb.
  • 244 single family homes went under contract this past week. Median LIST price $260k, $132/sqft.  13 under $100k. 10 over $1M, 4 of those over $2M. Median 32 CDOM. Median Yr Blt 1997
  • 13 (5%) of 244 single family homes went under contract this past week BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  6 of 6 short sales in areas 31/32, 61-76
  • 32 island single family homes went under contract this past week. 
    • James - 14
    • Johns - 7
    • Kiawah - 1 ($709k)
    • Edisto - 1 ($329k)
    • Seabrook - 1 ($346k)
    • Sullivan - 2 ($1.1M, $1.4M)
    • IOP - 3 ($590k, $725k, $3M)
    • WildDunes - 1 ($499k)
    • Daniel - 2 ($519k, $1M)
  • 14 James Island single family went homes under contract this past week LISTED from $185k - $479k. 2 over $400k. 3 under $200k. Median $332k, $188/sqft. 2 (14%) new construction.  
  • 7 Johns Island single family homes went under contract this past wk LISTED from $250k - $620k. Median $340k, $157/sqft. 0 new construction. LIST prices $250k, $260k, $315k, $340k, $439k, $459k, $620k.
  • 30 West Ashley single family homes went under contract this past week LISTED from $32k - $650k. 3 under $200k. 3 over $400k. 3 Shadowmoss. Median $273k, $148/sqft. 3 (10%) new construction. 
  • 26 North Charleston single family homes went under contract this past week LISTED from $40k - $300k. 5 under $100k. 12 over $200k. Median $194k, $117/sqft. 10 (38%) new construction. 7 Buckshire.
  • 39 Mt Pleasant single family homes went under contract this past week LISTED from $310k - $890k. 5 Park West. Median $482k, $199/sqft. 18 over $500k. 1 under $150/sqft.  5 (13%) new construction. 
  • 12 Peninsula Charleston single family homes went under contract this past week LISTED from $215k - $5.9M. 6 above $1.6M. Those 6 were all located South of Broad. Median $1.1M, $538/sqft. 7 south of crosstown. 
  • 46 Summerville/Ladson single family homes went under contract this past week LISTED from $61k - $419k. 8 Wescott. Median $200k, $107/sqft. 7 under $125k. 4 over $300k. 5 (11%) BANK OWNED FORECLOSURES or SHORT SALES. 2 new construction.
  • 55 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $88k - $425k. 4 Longleaf. Median $200k, $102/sqft. 5 under $125k. 5 over $300k. 4 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction. 
  • 55 condo/townhomes went under contract this past week. 7 LISTED under $100k. 19 from $100k - $199k. 16 from $200k - $275k. 8 from $300k - $530k. 2 at $840k, $875k. 3 from $1.1M - $1.2M. 16 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 3 new construction.
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October Newsletter - Charleston SC Real Estate


October and autumn are here and cooler weather is on the way!  Of course, our Fall is spectacular with temps mostly in the 70’s.  Oysters are back in season and Oktoberfest should be great with all of the wonderful local breweries and pubs.  There’s also a full slate of activity at the North Charleston Coliseum/Performing Arts Center and the Charleston Music Hall.  And the Stingrays begin another championship run this month.  Here is your October calendar of events:

October:
  • 1: Shrimp Throwdown, Charleston Harbor Resort and Marina
  • 1: Sarah Jarosz and Parker Millsap, Chas Music Hall
  • 1: 4th Annual Summerville Dream Machines Open Auto Show, Nexton
  • 2: Italian Heritage Celebration, Hutchinson Square Summerville
  • 2: Scrumptious Summerville Kitchen Tour, Guilford Gates Summerville
  • 4-5: Dirty Dancing, N Chas PAC
  • 6-20: 40th Home and Garden Tour, Preservation Society Downtown Charleston
  • 8-9: Oktoberfest, St Matthews Church Marion Square
  • 8: Oblique Health and Fitness Expo, Charleston Southern
  • 9: Jonny Lang, Chas Music Hall
  • 10: Blues Traveler, Chas Music Hall
  • 12: Henry Rollins, Chas Music Hall
  • 14: Lucero, Chas Music Hall
  • 14-15: 3rd Annual Carolina Surf Film Festival, Brick House Folly Rd
  • 14-15: Phish, N Chas Coliseum
  • 15: Komen Lowcountry Race for the Cure, Daniel Island
  • 15-16: SC Table Tennis Championship, Hanahan Gym
  • 16: Richard Thompson, Chas Music Hall
  • 16: Theresa Caputo, N Chas PAC
  • 16: Children’s Day Festival, Park West Rec Complex
  • 16: 5th Annual HALOS Oyster Roast, Harborside East Mt Pleasant
  • 19: Band of Horses, N Chas PAC
  • 20: The Mavericks, Chas Music Hall
  • 22: Stingrays Opening Night, N Chas Coliseum
  • 23: Martin Lawrence, N Chas PAC
  • 25-26: Rent, N Chas PAC
  • 28: Bonnie Raitt: N Chas PAC
  • 29: Kiawah Cup Island Beach Race, Kiawah
As you can see, Charleston has a lot going on.  Not only in these events, but in many more ways.  Boeing, Volvo, restaurants, sports teams, TV shows, resort islands, and silicon harbor (google it) are just but a few of the many things that Charleston has to brag about.  All of this has helped drive a lot of people here looking for real estate and our market is doing well.  Year to date, we are up 10.5% in transactions and 5% in median sales price.  2016 will likely be the 2nd best year we’ve ever had with well over 16k transactions.  And the median sales price is at an all time high of $243k.  And people are asking if this is another bubble.  But my answer is no.  One reason is that a 5% increase in median sales price is quite reasonable when the national average is 4%.  We’re a coastal city with a lot going on.  We should beat the national average.  And our median sales price is still below the trend line that we have going back to 1991.  So, we’re actually undervalued.  Lastly, credit is so very much tighter than it was back in 2005-2007.
Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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Monday, September 26, 2016

Charleston SC Real Estate Statistics for September 16-22, 2016

Analysis of residential properties going under contract (contingent) in Charleston SC during week of 9/16/16-9/22/16:

  • 296 residential properties went under contract this past week. Slowing down just a little.  Will continue to slow slightly until February 2017.
  • 220 single family homes went under contract this past week. Median LIST price $249k, $121/sqft.  11 under $100k. 4 over $1M, 2 of those over $2M. Median 26 CDOM. Median Yr Blt 1999
  • 7 (3%) of 220 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 12% new construction.  2 of 2 short sales in areas 31/32, 61-76
  • 25 island single family homes went under contract this past week. 
    • James Island - 9
    • Folly Beach - 2 ($450k, $1M)
    • Johns Island - 6
    • Wadmalaw - 1 ($75k)
    • Edisto - 2 ($209k, $349k)
    • Seabrook - 1 ($765k)
    • Sullivan - 1 ($1.5M)
    • IOP - 1 ($775k)
    • WildDunes - 1 ($700k)
    • Daniel Island - 1 ($689k)
  • 9 James Island single family homes went under contract this past week LISTED from $250k - $689k. 3 over $500k. Median $385k, $225/sqft. 0 new construction.  
  • 6 Johns Island single family homes under contract past wk LISTED from $167k - $799k. Median $274k, $174/sqft. 0 new construction. LIST prices $167k, $200k, $259k, $288k, $550k, $799k.
  • 29 West Ashley single family homes went under contract this past week LISTED from $183k - $699k. 2 under $200k. 2 over $400k. 6 Shadowmoss. Median $300k, $145/sqft. 4 (14%) new construction. 
  • 18 North Charleston single family homes under contract past wk LISTED from $22k - $350k. 3 under $100k. 5 over $200k. Median $162k, $105/sqft. 1 new construction. 3 Park Circle.
  • 23 Mt Pleasant single family homes went under contract this past week LISTED from $285k - $1.1M. 1 over $1M. Median $525k, $216/sqft. 12 over $500k. 1 under $150/sqft.  2 new construction. 
  • 11 Peninsula Charleston single family homes went under contract this past week LISTED from $130k - $6.5M. 2 above $1M. Median $266k, $218/sqft. 3 south of crosstown. 
  • 49 Summerville/Ladson single family homes went under contract this past week LISTED from $55k - $599k. 6 The Ponds. Median $213k, $109/sqft. 3 under $125k. 14 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 6(13%) new construction.
  • 58 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $30k - $429k. 12 Fairmont South. Median $207k, $97/sqft. 7 under $125k. 4 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 12(21%) new construction.
  • 66 condo/townhomes went under contract this past week. 6 LISTED under $100k. 30 from $100k - $199k. 18 from $200k - $299k. 5 from $300k - $499k. 5 from $500k - $899k. 2 at $987k, $1.4M. 21 Mt P.  2 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction.
Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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Monday, September 19, 2016

Charleston SC Real Estate Statistics for September 9-15, 2016

Analysis of residential properties going under contract(contingent) in Charleston SC during week of 9/9/16-9/15/16

  • 293 residential properties went under contract this past week. Slowing down just a little.  Will continue to slow slightly until February 2017.
  • 233 single family homes went under contract this past week. Median LIST price $265k, $128/sqft.  9 under $100k. 10 over $1M, 3 of those over $2M. Median 26 CDOM. Median Yr Blt 2002
  • 17 (7%) of 233 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  6 of 9 short sales in areas 31/32, 61-76
  • 47 island single family homes went under contract this past week. 
    • James Island - 19
    • Folly Beach - 3 ($135k, $875k, $988k)
    • Johns Island - 9
    • Kiawah - 2 ($899k, $1.4M)
    • Edisto - 3 ($210k, $399k, $1.8M)
    • Seabrook - 1 ($699k)
    • Sullivan - 1 ($2.4M)
    • IOP - 3 ($799k, $1.35M, $4.3M)
    • WildDunes - 5 ($739k, $800k, $880k, $975k, $1.5M)
    • Daniel - 1 ($549k)
  • 19 James Island single family homes went under contract this past week LISTED from $267k - $4M. 1 over $850k. Median $396k, $215/sqft. 0 new construction.  3 Seaside Plantation.
  • 9 Johns Island single family homes went under contract this past week LISTED from $72k - $529k. 1 under $245k. 1 over $350k. Median $300k,$147/sqft. 0 new construction.  3 Summertrees.
  • 30 West Ashley single family homes went under contract this past week LISTED from $148k - $499k. 5 under $175k. 2 over $400k. 3 Grand Oaks. Median $279k, $150/sqft. 4(13%) new construction. 
  • 21 North Charleston single family homes went under contract this past week LISTED from $19k - $269k. 5 under $100k. 3 over $200k. Median $155k, $109/sqft. 0 new construction. 
  • 21 Mt Pleasant single family homes went under contract this past week LISTED from $342k - $1.3M. 2 over $1M. Median $525k, $212/sqft. 11 over $500k. 0 under $150/sqft.  1 new construction. 
  • 3 Peninsula Charleston single family homes went under contract this past week. LIST prices $500k, $519k, $1.35M. 1 south of crosstown. 
  • 52 Summerville/Ladson single family homes went under contract this past week LISTED from $113k - $995k. 5 White Gables. Median $215k, $115/sqft. 4 under $125k. 17 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 5 new construction
  • 57 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $57k - $525k. 6 Crowfield, 6 Medway. Median $207k, $107/sqft. 5 under $125k. 4 over $300k. 4 BANK OWNED FORECLOSURES or SHORT SALES. 15(26%) new construction
  • 55 condo/townhomes went under contract this past week. 4 LISTED under $100k. 30 from $100k - $200k. 6 from $200k - $285k. 9 from $300k - $460k. 3 from $599k - $650k. 3 from $1.1M - $1.6M. 18 Mt P. 2 BANK OWNED FORECLOSURES or SHORT SALES. 6 (11%) new construction
Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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Monday, September 12, 2016

Charleston SC Real Estate Statistics for September 2-8, 2016

Analysis of residential properties going under contract(contingent) during week of 9/2/16-9/8/16

  • 285 residential properties went under contract this past week. Slowing down just a little.  Will continue to slow slightly until February 2017.
  • 236 single family homes went under contract this past week. Median LIST price $249k, $122/sqft.  14 under $100k. 11 over $1M, 2 of those over $2M. Median 33 CDOM. Median Yr Blt 2002
  • 13 (6%) of 236 single family homes went under contract this past week BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  2 of 4 short sales in areas 31/32, 61-76
  • 28 island single family homes went under contract this past week. 
    • James Island - 10
    • Folly Beach - 3 ($220k, $665k, $750k)
    • Johns Island  - 5 ($265k, $267, $269k, $275k, $278k)
    • Wadmalaw - 1 ($875k)
    • Kiawah - 2 ($890k, $3.2M)
    • Edisto - 2 ($415k, $449k)
    • Sullivan - 1 ($1.25M)
    • WildDunes - 2 ($959k, $1.75M)
    • Daniel - 2 ($947k, $1.7M)
  • 10 James Island single family homes went under contract this past week LISTED from $110k - $500k. 1 under $250k. Median $320k, $157/sqft. 1 new construction.  
  • 5 Johns Island single family homes went under contract this past week LISTED from $265k - $278k. Median $269k, $147/sqft. 1(20%) new construction.  
  • 16 West Ashley single family homes went under contract this past week LISTED from $109k - $949k. 2 under $175k. 3 over $300k. Median $228k, $141/sqft. 0 new construction. 
  • 24 North Charleston single family homes went under contract this past week LISTED from $19k - $248k. 6 under $100k. 7 over $200k. Median $167k, $109/sqft. 6 (25%) new construction. 6 Brookdale.
  • 44 Mt Pleasant single family homes went under contract this past week LISTED from $325k - $2M. 5 over $1M. 7 Park West. Median $547k, $216/sqft. 24 over $500k. 1 under $150/sqft.  9 (20%) new construction. 
  • 4 Peninsula Charleston single family homes went under contract this past week. LIST prices $260k, $635k, $1.4M, $2M. 3 south of crosstown. 
  • 58 Summerville/Ladson single family homes went under contract this past week LISTED from $28k - $510k. 7 Wescott. Median $218k, $103/sqft. 7 under $125k. 7 over $300k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction.
  • 58 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $58k - $430k. 5 Cane Bay. Median $190k, $105/sqft. 6 under $125k. 7 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction. 
  • 49 condo/townhomes went under contract this past week. 4 LISTED under $100k. 27 from $100k - $200k. 8 from $200k - $275k. 6 from $372k - $600k. 2 at $649k, $659k. 2 at $1.6M, $2.6M. 12 Mt P. 2 BANK OWNED FORECLOSURES or SHORT SALES. 6 (12%) new construction.
Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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Sunday, September 4, 2016

Charleston SC Real Estate Statistics for August 26 - September 1, 2016

Analysis of residential properties going under contract(contingent) during week of 8/26/16-9/1/16

  • 337 residential properties went under contract this past week. Great activity.
  • 256 single family homes went under contract this past week. Median LIST price $254k, $125/sqft.  11 under $100k. 12 over $1M, 3 of those over $2M. Median 31 CDOM. Median Yr Blt 1999
  • 11 (4%) of 256 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 7% new construction.  3 of 7 short sales in areas 31/32, 61-76
  • 30 island single family homes went under contract this past week. 
    • James Island - 13
    • Folly Beach - 2 ($360k, $399k)
    • Johns Island - 5 ($185k, $225k, $380k, $466k, $500k)
    • Edisto - 1 ($729k)
    • Sullivan - 2 ($1.6M, $2.7M)
    • IOP - 3 ($259k, $530k, $795k)
    • Wild Dunes - 1 ($925k)
    • Daniel - 3 ($590k, $657k, $1.1M)
  • 13 James Island single family homes went under contract this past week LISTED from $162k - $399k. 1 under $200k. Median $310k, $193/sqft. 0 new construction.  
  • 5 Johns Island single family homes went under contract this past week LISTED from $185k - $500k. Median $380k, $166/sqft. 1 (20%) new construction.  
  • 35 West Ashley single family homes went under contract this past week LISTED from $48k - $420k. 1 under $175k. Median $270k, $152/sqft. 2 new construction. 3 Grand Oaks
  • 14 North Charleston single family homes went under contract this past week LISTED from $75k - $289k. 1 under $100k. 3 over $200k. Median $169k, $110/sqft. 1 new construction. 4 Park Circle.
  • 34 Mt Pleasant single family homes went under contract this past week LISTED from $289k - $2.7M. 5 over $1M. 6 Dunes West. Median $468k, $201/sqft. 14 over $500k. 4 under $150/sqft.  3 new construction. 
  • 7 Peninsula Charleston single family homes went under contract this past week LISTED from $385k - $2M.  5 South Of Broad. Median $1.2M, $529/sqft.  6 south of crosstown. Only 1 LISTED under $950k.
  • 78 Summerville/Ladson single family homes went under contract this past week. LISTED from $63k - $527k. 6 Wescott. Median $210k, $110/sqft. 9 under $125k. 19 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 7 new construction
  • 56 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $20k - $410k. 8 Crowfield. Median $197k, $106/sqft. 8 under $125k. 4 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 3 new construction
  • 77 condo/townhomes went under contract this past week. 8 LISTED under $100k. 38 from $100k - $200k. 9 from $200k - $300k. 12 from $300k - $500k. 7 from $500k - $700k. 3 from $778k - $1.2M. 17 Mt P. 3 BANK OWNED FORECLOSURES or SHORT SALES. 11(14%) new construction
Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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