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D E C E M B E R 2 0 2 4Charleston Real EstateYour Real Estate & Community UpdateMarket UpdateReal Estate: Charleston real estate market continues to mirror the activity in 2023. Higher mortgage rates stillsignificantly impact the market, but the Federal Reserve cut rates by half a percentage point inSeptember and another quarter point early in November. However, these cuts have not had a significantimpact on mortgage rates. Through October 2024, we are flat in transactions versus the 2023 period.The median sales price is still firm, with a 3.6% increase over the same 2023 period. The median salesprice for the area is now at $430kIndustry: Greystar Development recently broke ground on phase two of its $185M Courier Squareapartments in the upper King Street corridor.Low Tide Brewing is expanding its operations in Charleston County with a $22.2M investment tocreate 33 new jobs.Charleston International Airport and BermudAir have announced the first-ever nonstop flightbetween the Lowcountry and the island of Bermuda.Portman Holdings LLC and CapitaLand Ascendas REIT have partnered to begin the development ofSummerville Logistics Center in Dorchester County. The development will include two buildingstotaling 549k sqft with an estimated completion date of Dec 2025.The Naval Information Warfare Center has awarded a Charleston tech company, Atlas Technologies,with a $92M contract.An airline in Santiago, Chile, will buy 10 Boeing 787 Dreamliners assembled in N Charleston.
December is here, and holiday events are abundant. The Holiday Festival of Lights at James Island CountyPark has always been a favorite. The SC Aquarium Aglow will also be fun to attend on select eveningsthroughout December. Moncks Corner has a Holiday Lights Driving Tour. They also have a Holiday in thePark on Dec 13, 14, 20, 21. Christmas parades are on Dec 7 in the City of Charleston, Moncks Corner, andNorth Charleston. Folly Beach and Goose Creek have their parades on Dec 14. Mt P has an evening paradeof lights on Dec 15. Credit One Stadium will be transformed into a skating rink for the month. CharlestonStrolls Holiday Walking Tour through the Historic District starts at the Mills house on select daysthroughout the month. Or catch a Holiday Sleigh Ride at 14 Anson Street. The Holiday Market on MarionSquare will be Dec 7, 8, 14, 15, 21. Of course, NYE parties will be everywhere on Dec 31, including the FlipFlop drop on Folly Beach. Stingrays are on the ice on December 6, 7, 8, 28, and 29.1,8: Holiday Brunch Cruise, Charleston Princess1: Holiday Sip and Shop, Drayton Hall1: Tree Lighting at Folly, Folly River Park2,3: Nutcracker Ballet, Charleston Music Hall4: The Santa Clause, American Theater6: Carols by Candlelight, St Johannes Lutheran Church7: IOP Holiday Street Festival, Isle of Palms7: N Charleston Holiday Pops, N Charleston PAC7: Sea Life by Starlight Deep Sea Disco, SC Aquarium8: 2nd Sunday on King Street8: Deck the Hall Oyster Roast, Drayton Hall8: Oyster Roast, Firefly Distillery8: Yuletide on the Yorktown, USS Yorktown11: Polar Express Movie Night, Riviera Theater12-22: Charleston Christmas Special, Charleston Music Hall12: Chow Town Food Truck Rodeo, Seabrook Island Town Hall12: Holiday Extravaganza, Seabrook Island13: A Christmas Story, Credit One Stadium13: Santa Meet and Greet, Folly Beach River Park14: 25th Annual Holiday Market and Craft Show, 645 Coleman Blvd Mt Pleasant14: 33rd Annual Reindeer Run/Walk, downtown Charleston14: Holiday Parade of Boats, Charleston Harbor14: Nutcracker Ballet, N Charleston PAC14: 46th Annual Kiawah Island Marathon15: 41st Annual Spirituals Concert, Drayton Hall15: Charleston Men’s Chorus Christmas Concert, St Philip’s Church19: Holiday Pops with the CSO, Gaillard20: Elf Holiday Movie, Credit One Stadium29: Chanukah in the Square, Marion SquareLocal Events
Home for the Holidays The real estate market is anticipated to become increasingly competitive, with morepeople looking to buy or sell a home. Perhaps that includes you or someone you know.Buying or selling a home can be overwhelming but when you have a trusted professionalreal estate agent (like myself!) on your side, it takes away the guesswork. In this month’sflyer, I outline a few of the key ways a professional agent helps you during this complexprocess.As we prepare to say goodbye to 2024 and welcome 2025, I want to wish you and yourfamily all the best for a great year ahead. Thank you for your continued support — andplease remember, I’m always here for any of your real estate-related questions or needs.SarahSee enclosed for "readable" image.
Oh, by the way…if you know of someone who would appreciate the level of service I provide, please call mewith their name and contact information. I’ll be happy to follow up and take great care of them in a waythat is healthy and safe.C: 843.284.6179 workC: 217.474.9300 personalE: Sarah@SarahSchlecht.com
© 2024 Buni & Company. All Rights Reserved. Used by Permission. RMMK DECEMBER S P/N 1002597As mortgage rates lower, the real estate market typically becomes more competitive. Working with a qualified professional real estate agent helps get you into the home of your dreams.Home for the Negotiate the best deal to get the price and terms you want. Provide complete transaction management. Keep you informed every step of the way. Have a robust database of referrals to other service professionals. Whether you’re buying or selling, a professional real estate agent will...Buying a home? A buyer’s agent will... Selling a home? A listing agent will... Connect you with a lender. Take the time to listen and understand your priorities. Scout and recommend properties. Arrange and attend property inspections after your oer is accepted. Conduct a Comparative Market Analysis. Advise you how to prepare your home for listing. Competitively price your home to sell. Create a comprehensive home marketing plan. Holidays
Getting Ready to Buy? Check your credit scores. Review your finances and set a budget. Research the process of getting preapproved. Getting Ready to Sell? Decide when you would like to sell your home (time of year, personal schedules etc.) Start a list of small repairs you can do yourself. Start decluttering. For Both Buyers and Sellers Create a wish list of “must- haves” and “nice to have” for your next home. Start researching areas where you might want to live. I’m in your corner, so reach out. HolidaysHomework for theThe holidays can be hectic, but you may find you have pockets of time where you can talk with family and friends about buying or selling a home. Spring is anticipated to be a competitive time — you don’t want to get left behind! If you or someone you know is considering a move, feel free to contact me with any questions. I’m here to oer clear, concise information you can trust.