We made it through January and that means that we can look forward to the Southeastern Wildlife Expo here in the Holy City. The Stingrays are back on the ice and the Dock Street Theatre will be performing Chicken and Biscuits until Feb 11th. Black History month will be celebrated all month long at Boone Hall Plantation. There will also be an African American Heritage Walking Tour each Saturday downtown at Liberty Square. Here is your February calendar of events:
1: Sean Kennard, Church of our Savior Johns Island
1: Paramount’s Laser Spectacular, Chas Music Hall
2: Beartooth, Chas Music Hall
2-3: CURT PBR Rodeo, N Chas Coliseum
2: First Friday Artwalk, Downtown Charleston
3: Save the Light Marathon and 5K, Folly Beach Pier
4: Lowcountry Oyster Festival, Boone Hall
4: A.J. Croce, Chas Music Hall
4: Soulful Sounds, American Theater
4: Taste of Gullah Geechee, IBA Event Venue
8: Oysters by the Battery, Capt James Missroon House
8: MountainFilm on Tour, Chas Music Hall
9-11: My Fair Lady, N Chas PAC
10: Annex Dance Company, Sottile Theatre
10: Colour of Music Festival Charlestonia, Gaillard
10: Robert Cray, Chas Music Hall
11: Second Sunday on King Street
11: Sutton Foster, Gaillard
11: Quentin Baxter Jazz Series, Seabrook Island Club
12: Diana Krall, Gaillard
13-14: Shen Yun, N Chas PAC
14: Candlelight Valentine’s Special, Unitarian Church
15: Ian Munsick, Gaillard
15: Becky Robinson, Chas Music Hall
16: Edwin McCain, Chas Music Hall
16-18: Southeastern Wildlife Expo
17: Valentine Comedy Show, Striped Pig
17: Drew and Ellie Holcomb, Chas Music Hall
21: Keb Mo, Chas Music Hall
22: David Foster and Katharine McPhee, Gaillard
22: Ashley McBryde, N Chas PAC
23: Cat Power sings Dylan, Chas Music Hall
23: Charleston Comedy Show, N Chas PAC
24: Cork Shuckin’ Oyster Festival, Deep Water Vineyard
24: Cocktails and Camellias, Middleton Place
24: Manny Houston and Charleston Jazz Orchestra, Chas Music Hall
25: Oyster Roast, Firefly Distillery
25: Big Head Todd and the Monsters, Chas Music Hall
25: Vienna Boys Choir, Gaillard
27: Annie, Gaillard
28: Trip to Bountiful, Dock Street Theatre
28: Marc Broussard, Chas Music Hall
29: Gabriel Iglesias, N Chas Coliseum
Charleston real estate sales in 2023 were similar to the majority of the country. We were down 15% in transactions compared to 2022. Higher mortgage rates were the main reason for slow sales. They have currently softened to around 6.5%. This may sound high but they spent some time around the 8% mark last year. The Federal Reserve announced their plans for 2024 were to implement a few more rate reductions. They feel like they are seeing signs for a soft landing where they have been able to reduce inflation without sending the economy into a recession. The Charleston area median sales price did go up almost 3% to $414k. That seems trivial when compared to the 45% increase over the last three years in Charleston.
Meanwhile, the Charleston area economy has been doing great! Breeze Airways announced it is returning nonstop summer seasonal flights between Charleston and LA beginning May 3rd. The Charleston International Airport set a record in 2023 with more than 6M travelers. Tesla will open a regional distribution center in Greenville in 2024. Redwood Materials, a producer and recycler of anode and cathode battery components for electric vehicles, announced it is breaking ground for the first phase of construction at its Battery Materials Campus. The entire project is set for 600 acres and a $3.5B investment in Berkeley County. It’s estimated that 1,500 people will be employed within the next 10 years. SHL Medical, a Switzerland based provider of advanced drug delivery solutions is building a $150M facility in North Charleston. Nix Development received financing for a $26M, 72-unit affordable senior housing community planned for Johns Island. The Beach Company announced that Hutton and Home would move into the ground floor retail space of the Jasper.
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!
Charleston Area Subdivision Housing Market Sales Stats 2023
Charleston Housing Market Updates and Trends
