July and the summer heat are here! There are lots of Independence Day celebrations all over the Charleston area. Music on the Green is at Freshfields on Kiawah each Friday evening all summer. They also have the Starlight Cinema Series on the Green at Freshfields every Wednesday evening. The Charleston Farmers Market is in full swing on Saturdays at Marion Square. The Riverdogs, will be playing at home from July 4-9 and 25-30. Here is your full July calendar of events!
1,10,24: Calabriation’s Starving Supper Club, Union Station 652 King St
2,9,16: Christmas in July, Camellias at Hotel Bennett
2: The Smile, N Chas PAC
4: Independence Day Celebration, Ferry Wharf Charleston Harbor
4: 4th of July Firework Cruise, Charleston Harbor Marina Dock
4: City of N Chas 4th of July Festival, Riverfront Park N Chas
4: Patriot’s Point 4th of July Fireworks Blast, USS Yorktown
5: The Struts, Chas Music Hall
6: Old Gods of Appalachia, Chas Music Hall
6: Starlight Yoga, Folly Beach County Park
7: Moonlight Mixer, Folly Beach Pier
6-9: Five Lesbians Eating a Quiche, Queen St Playhouse
8,9: American Juskebox 2, Chas Music Hall
9: 2nd Sunday on King Street
9: Lowcountry Boil, Firefly Distillery
9: Charleston Sprint Triathlon Series, James Island County Park
12,26: Seabrook Island Chow Town Food Truck Rodeo, SI Town Hall
13: Chris Stapleton, Credit One Stadium
14: Wait Wait Stand Up Tour, Chas Music Hall
14: Reggae Nights, James Island County Park
15: Cars and Coffee, Kiawah
16: Vivian’s Book Club, Lenoir 68 Wentworth
17: Andrew McMahan, Chas Music Hall
17: SC Coaches Dinner, Chas Marriott
19: Hello Beautiful – A book event with Ann Napolitano, Chas Library Society
19: Milky Chance, Chas Music Hall
20: Tommy Emmanuel, Chas Music Hall
21: Ilana Glazer, Gaillard Center
22: Charleston Battery Soccer, Patriots Point
22: Dancing on The Cooper, Mt Pleasant Pier
22,23,29,30: The Lightning Thief, Dock Street Theatre
28: JuLionfish Festival, SC Aquarium
29: Terence Young, Chas Music Hall
29: Big Time Rush, Credit One Stadium
30: Island Glow Tour, Firefly Distillery
Real estate sales continue to be slightly tepid mostly due to the rise in mortgage rates. Year to date, sales are down 24.2%. Inventory in Charleston continues to be low because it’s difficult for current homeowners to sell their home with a mortgage of 3.5% and take on a new 7% mortgage. The Fed did not raise rates at their last meeting but indicated that there would probably be at least two more hikes coming soon to try and get a handle on inflation. Our median sales prices continue to go up and it will until there is more inventory and/or less demand. The current median sale prices in Mt Pleasant are around $730k and on James Island they are around $525k. Daniel Island sales prices now have a median of about $1.2M. We are still in a sellers’ market because of the low inventory throughout the Charleston area.
Meanwhile, the Charleston area economy has been doing great! Boeing is selling planes faster than anytime in its history with 250 order commitments in the last six months. Avelo Airlines launched another new nonstop flight from Charleston to Philadelphia/Deleware’s Wilmington Airport. The International African American Museum recently opened. A global industrial equipment manufacturer, Protego, is expanding its Charleston County operations with a $10M investment that will create 39 new jobs. A manufacturer and provider of fleet upfit solutions, Ranger Design, will establish its first SC operations in Charleston County with a $1.5M investment that will create 50 new jobs. All of the homes in Phase II at the mixed-use lifestyle community The Waterfront Daniel Island have been sold. Bookfield Restidential has been added to the builder program at Nexton in Summerville. More funding announcements were made in June for the $625M mass transit system in Charleston. The construction is set to begin in 2026 and it’s expected to come online in 2029.
We are committed to providing our clients with an unparalleled level of service.We strive to have you feel and experience our commitment to you all while helping accomplish your real estate goals. That is truly what it is all about! Please reach out to us if you have any questions or if you are thinking of buying, investing, or selling a home!
