Charleston Trident Association of REALTORS® Local Market Update – November 2011 Charleston Real Estate Market Shows Strength and Stability in 2011 Sales Volume Up, Stability in Median Price, Inventory moves to new 5-year Low According to preliminary figures released by The Charleston Trident Association of REALTORS® (CTAR) 648 homes sold at a median price of $191,500 in November, while inventory declined again to reach a new low of 7,258 homes listed as actively for sale.
Last November, 588 homes sold at a median price of $189,700 as inventory stood nearly 20% higher than the current level. “The continued decline of inventory is an important factor in maintaining the stability and health of our local market, as we anticipate the addition of bank-owned inventory in the early stages of 2012” said Rob Woodul, 2011 President of CTAR.
Compared to last November, sales volume is up by 10% and the median home price is a slight 1% higher.
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“2011 has been a pivotal year for the Charleston real estate market. Without the support of a tax credit or other incentives, our market had to stand on its own and it did so considerably well. We’ve had 11 months of relatively stable activity and are beginning to close the gap on prices—which will likely be affected by additional foreclosed inventory next year. However, continued job growth and economic development in our region should help soften the potential negative effects of that bank-owned inventory” said Woodul.
“This year, local REALTORS® have helped nearly 8,500 individuals or families make an investment in the Charleston area. Whether the market is up or down, helping people and families find a place to call home only adds to our region’s stability and strengthens our sense of community” said Woodul.
Year-to-date, 8,453 homes have sold at a median price of $180,796, which indicates nearly 5% sales growth and a 3% decline in prices compared to this point in 2010, when just over 8,000 homes had sold at a median price of $187,00.
BERKELEY COUNTY
168 homes sold at a median price of $175,312 in Berkeley County in November—a considerable improvement from last November, when 138 sales resulted in a median price of $169,187.
The most active area of the county was Goose Creek/Monck’s Corner from Highway 52 to the Cooper River, where 45 homes changed hands at a median price of $164,590. The most expensive homes in the County can be found on Daniel Island, where the median home price last month was $387,000. The most affordable homes in Berkeley County are in the area of St. Stephen/Bonneau, where the median home price was $57,900.
335 homes sold at a median price of $225,848 in November in Charleston County; compared to 318 sales at a median price of $236,175 last November.
Outside of the county’s largest geographic area of Mount Pleasant, where 94 homes sold at a median price of $318,125, the most active area of the county was again, in West Ashley (outside I-526) where 51 homes sold at a significantly increased median price of $198,250. The most expensive homes in the County sold in the resort community of Wild Dunes, where 9 sales resulted in a median price of $827,900. The most affordable homes sold in North Charleston (inside I-526) where 16 homes changed hands at a median price of $55,000.
Click here for a full report on Charleston County.
DORCHESTER COUNTY 125 homes sold at a median price of $176,000 during November in Dorchester County, which shows a healthy increase in sales volume and notable increase in price, compared to last November’s 112 sales at a median price of $152,136.
The most active area was Summerville/Ridgeville, where 68 homes sold at a median price of $186,400; also making it the most expensive area in November. The most affordable homes sold in the St. George/Harleyville area, where 4 homes sold at a median price of $112,500.
Click here for a full report on Dorchester County.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
According to the Charleston Trident Association of REALTORS® Residential Real Estate Sales Volume Increases, Median Price Declines In January
CHARLESTON, SC-(February 10, 2011) According to preliminary data released by the Charleston Trident Association of REALTORS® 484 homes sold at a median price of $174,495 in January. Revised data for January 2010 shows that 450 homes sold at a median price of $193,000.
"We anticipated the decline in prices and expect to see prices trend downward somewhat in the first part of this year-our foreclosure-heavy inventory isn't going to support upward movement of prices, but it is encouraging to see another uptick in sales volume" said 2011 CTAR President Rob Woodul.
There were 8,428 homes listed as actively for sale with the Charleston Trident Multiple Listing Service as of January 31, 2011. Click here to download the full MLS area report for January.
BERKELEY COUNTY Preliminary figures show that 104 homes sold in Berkeley County at a median price of $151,775 in January. 89 Single-Family Detached homes sold at a median price of $160,000, while 14 Townhomes/Condos sold at a median price of $90,505.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
Berkeley County Launches New Website to Share Updates for One Cent Tax and Road Projects
Want to know when they are finally going to be finished with the construction outside your home, office, or community? Well now you can....
Berkeley County wants to keep it's citizens informed with the use of the 2008 one cent tax increase for "financing the costs of highways, roads, bridges, and other transportation-related project facilities, and drainage facilities related thereto." They have launched a new user-friendly website to show how the money being used to improve our roads and other projects through out the county. The website will give regular updates on the progress of road construction with a easy to read scoreboard demonstrating the status of each project.
Click here to read the press release for this new website.
Click here to view the website with the live scoreboard.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
Goose Creek Realtor, Drew Sineath owner and broker-in-charge for Drew Sineath and Associates, attended a residential real estate market update for the Greater Charleston area on Tuesday at the Daniel Island Club. With over 500 REALTORS® in attendance it was a packed house. Everyone anxious to hear the news and predictions for the upcoming years.
There was good news to be shared by keynote speaker economist, Dr. Joey Von Nessen. Below is a link to his presentation. The economist explained that 2009 seemed to be the bottom of the recession for the housing market and much like 2010, 2011 will be another transition year. With an optimistic view of the recovering and job growth, he predicted the recovery to be as earlier as 2012 but as late as 2016 with a not so optimistic view.
Dr. Von Nessen also conducted that there are two distinct housing markets in the Charleston area; the luxury second homes market and the first time home buyers or move up buyers market. The ladder of the two has seen a faster recovery much in part the to tax credits. It will be interesting to see his findings with a full year of data without the tax credits stimulating the growth.
Bottom line.... house prices are going up, number of homes are going down, and interest rates are going up. It is still a great time to buy but if you are waiting for prices to drop even more, you may have missed the boat. For more information about the market update, email drew@drewsineath.com or call at 843-725-1200.
And remember you can also register for Market Snapshot for a full real time report with a market update for the community or area of choice.
Click here to download Dr. Von Nessen's presentation. Click here for the 2010 CTAR Market Report. Click here to watch the Charleston Market Update video shown at the event. Click here to view photos from the event. Click here to read the Charleston Business Journal's coverage of the event.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in SouthCarolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath& Associates is now a local one-stop location.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
The REALTOR® of Distinction is awarded to the top 5% of REALTORS® for sales volume, ethics, and education. There are three levels for REALTORS® who sell residential property: The Executive Circle, The President Circle, and The Director's Circle.
Drew was recognized in the Executive Circle. Much thanks goes out to Drew's team for making this possible and for another outstanding year: Jeanne Snoza, Kristen Lanier, Andrea Parler, and Marea Clark. We would also like to congratulate the buyer's agents Jeanne and Andrea for a job well done. Drew Sineath & Associates was the top selling agent in the Charleston Trident Association of REALTORS® in 2010. We would also like to thank all our wonderful clients and our community for their continued support.
2011 has already kicked off to a great year. The Drew Sineath Team is adapting and growing and we are excited to see where these changes will lead. We are happy to welcome new team members, Valarie Frasier and Courtney Ayers, and we look forward to continue our growth and the addition of new members.
2011 is also bringing new innovation to Drew Sineath & Associates. We have adapted our marketing plans for our listings to include new technology features that reach buyers via web, text, mobile, social media, community events, and more. Be sure to stay tuned for all the excited changes as they unfold. If you are looking to sell your home in the Greater Charleston area, Drew Sineath & Associates would like to help. Call 843-725-1200 or email drew@drewsineath.com us today to hear all the powerful ways we can expose your home on the market.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in SouthCarolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath& Associates is now a local one-stop location.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
Drew Sineath's Goose Creek SC Community Newsletter: "Up the Creek: You Connection to What's Happening in the Lowcountry"
Welcome to Drew Sineath's "Up the Creek," a community newsletter with the latest and greatest on what's going on in Goose Creek, SC and the rest of the Lowcountry. "Up the Creek" is the paddle to navigating your weekend activities. Find community events, garage sales, new business openings, community news, and an update of the real estate market in the Creek all in one place. We hope you find this information helpful. Enjoy...
Charleston Jazz Orchestra presents ‘Jazz on the Screen' 01/29/2011 This program will feature songs made famous from film and television including Taxi, I Love Lucy, Star Trek, Shaft, Soul Bossa Nova, Rocky and Naked Gun.
Lowcountry Oyster Festival 01/30/2011 Dubbed one of the Top 20 Tourist Attractions by the Southeast Tourist Society, the annual Lowcountry Oyster Roast promises a day of unique thrills at Boone Hall Plantation!
Liturgical Harp Conference 02/03/2011 - 02/06/2011 Enjoy the sounds of harpists from all over the country and as far away as Israel as they assemble for a Liturgical Harp Conference.
Black History Month at the Old Exchange 02/04/2011 In commemoration of Black History Month, the Old Exchange and Provost Dungeon (OXB) is hosting two of the Lowcountry's premier historians.
The Chocolate Affair 02/05/2011 Chocolate Sweetens Awareness for Dropout Prevention
Charleston Symphony Orchestra Spiritual Ensemble 02/05/2011 The 2010-2011 season will feature unique holiday events, a Martin Luther King tribute, the Charleston international Festival of Choirs, and tribute performances honoring the famed Fisk University Jubilee Singers with special guest soloist soprano Roberta
Valarie Frasier has been a licensed Real Estate Agent for the past 10+ years, helping her clients reach their real estate goals. As a REALTOR® who lives up to and conducts business to a certain code of ethics, Valarie takes her profession very seriously. She realizes that real estate is an investment tool and that home ownership is the foundation to building personal financial wealth. Valarie is "Determined to Meet Your Goals". E-mail: valarie@drewsineath.com
Courtney Ayers, Marketing Coordinator Assistant / Closing Coordinator
Courtney has 14 years of Paralegal expertise that we utilize in our closing coordination, administrative and marketing departments. She moved to the Lowcounty in 1989 and currently resides in Goose Creek with her husband of 8 years and two lovely daughters. E-mail: Courtney@drewsineath.com
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
Goose Creek Realtor Drew Sineath Says Thanks to First Time Homebuyer at Closing
Goose Creek Realtor Drew Sineath says thanks to first time home owner Ken Miller who closed on his house today on Whitehaven in North Charleston SC. It was a bumpy road at times for Ken but he hung in there with us and is now a proud home owner! We hope you enjoy your new home.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
This is a video from the Charleston Trident Association of Realtors (CTAR) with a year in review for 2010. Median sales price increased 6.9% in the 4th quarter to $190k and the number of homes on the market decreased in 2010. It looks like 2009 was the rock bottom and 2011 will be another transition year. What to expect? Median sales prices will increase, inventory will decrease, and interest rates will slowly increase. So bottom line, we are still slowly on the road to recovery but it looks like 2011 will be a good year.
If you are looking to buy or sell a home in the Charleston Lowcountry area, Drew Sineath and Associates would love to help you. It is still a great time to buy and we have several buyer's agents ready to assist you with all your real estate needs.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
The Drew Sineath & Associates team was asked to write their 5 year goals and ambitions on one side of the board. This would include personal, spiritual, and business goals such as "run a marathon" or "buy a new house." On the other side, they were asked to write down what was holding them back. Answered varied from fear, finances, support, time management, etc...
Then with a systematic process explained by owner and team leader, Drew Sineath, each team member faced their boards and with one quick punch and the sound of a resounding YES - they broke through it.
What an exciting day and good way to start off the new year!
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
Check out Drew Sineath & Associates' newest listing, 2123 Hummingbird Lane in Sylvan Acres in Summerville, SC.
Classic Low Country estate located on almost 3 acres, this home exudes elegance. Stunning hardwood floors throughout the downstairs. Large formal dining room and living room located to right and left of a grand entrance. The great room features a wet bar and brick fireplace flanked with custom built in shelves. A wall of windows in the sunroom allows tons of natural light throughout the main living areas.
The gourmet kitchen features granite countertops, solid oak cabinets, and stainless steel appliances including double wall ovens, dishwasher, trash compactor, and oversized refrigerator. There is a full bath and spacious laundry room with cabinets located off the kitchen for your convenience. Downstairs you will also find a study with custom built in shelves perfect for a library. There is also a mother-in-law suite with living room, kitchenette, two bedrooms, and a full bath.
Upstairs the master suite features a grand master bath with a tile accented soaking tub and large walk in closet plus a second full master bath off the sitting room complete with a brick fireplace and access to a private screended in porch. A huge bonus room in the master is perfect for a customized closet, office, or exercise room. There are two good sized rooms with a Jack and Jill bath and a game room or fourth bedroom over the garage. Entertain with ease on the slate courtyard accented with special lighting and water fountain. There is a large horse pasture and barn for your horses or just extra storage. This home has it all and is in move in ready condition.
Summerville, SC is located just outside Charleston SC and is deep seated in small town charm and rich history. With uptown shopping in a quaint downtown autosphere, Summerville residents enjoy walking along azelea lined streets through shops, resturants, and parks that run down Main Street. Home of the famous Flowertown Festival and South Carolina's only 5-Star resturaunt, The Woodlands Inn and Resort as well as many bed and breakfastes such as Flowertown Bed and Breakfast, Summerville is not only a great place to live but it attracts lots of tourists as well.
Summerville is also home to some of the top rated public and private schools in the area. 2123 Hummingbird is located just behind Pinewood Preparatory School
Make sure to visit our website and register for our free Market Snapshot. This service allows you to keep up with certain neighborhoods or homes that interest you! Or feel free to call our office at 843.725.1200 for more information.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage 
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