Spring is here and the azaleas are in bloom! It is a great time to visit the gardens throughout the Low Country. The Charleston Farmers Market will be back in action each Saturday from 8am-2pm in Marion Square starting on April 13th. Climb aboard the Charleston Princess for Blues and BBQ on the water. There’s also Cheers on the Pier at the Mount Pleasant Pier on April 11th and 25th. The Festival of Houses and Gardens, now known as the Charleston Festival, will continue through April 14th. The Dock Street Theatre will be performing Beautiful: The Carole King Musical starting on April 10th. The Queen Street Playhouse will also be performing a musical, Urinetown, starting April 12th. Here is your April calendar:
2: The Zombies, Chas Music Hall
4: Steeldrivers, Chas Music Hall
5: Charleston Gallery Artwalk
5: Kiawah Art and House Tour
6: Cooper River Bridge Run
6: Tab Benoit, Chas Music Hall
6: Kiawah Art Guild Spring Art Show
7: Ranky Tanky, Gaillard
8: Charleston County Parks Foundation Golf Tournament, Charleston National
9: Menopause the Musical, N Chas PAC
10: Theresa Caputo, N Chas PAC
12: Harlem Globetrotters, N Chas Coliseum
13: Spring Food Truck Festival, Firefly Distillery
13: Banff Centre Mountain Film Festival World Tour, Chas Music Hall
13: Lowcountry Cajun Festival, James Island County Park
13,14: Ride the Lowcountry, Awendaw Municipal Park
13: The Notebook Screening, Cypress Gardens
13,20: Vienna Light Orchestra, Circular Church
14: 18th Annual Blues by the Sea, Freshfields Kiawah
14: 2nd Sunday on King Street
14: Charleston Country Music Festival, Grounds at Jenkins Youth and Family Village N Chas
15: Tim Hoeckel Comedy Special, The Commodore
16-17: The Thorn, N Chas PAC
17: TedX Charleston, Chas Music Hall
18: Blooms and Bubbles Garden Tour, Heyward-Washington House
18-21: Charleston Jazz Festival
18: Cowboy Junkies, Chas Music Hall
18: Wine on the Piazza, Edmondston-Alston House
19: Harry Potter and the Sorcerer’s Stone in Concert, N Chas PAC
19-21: Monster Jam, N Chas Coliseum
20: Cars and Coffee, Freshfields Kiawah
21: Live from Laurel Canyon, Gaillard
22: Dixie Dregs, Chas Music Hall
23: Journey and Toto, N Chas Coliseum
23: The Price is Right Live, N Chas PAC
25: The Moth Mainstage, Chas Music Hall
26-28: Mean Girls, N Chas PAC
27: Three Dog Night, Chas Music Hall
27: Blackstar Symphony, Gaillard
Charleston real estate sales are getting off to a similar slow start to last year. Higher mortgage rates were the main reason for slower sales. Rates are currently hovering around 6.5%. The Federal Reserve announced their plans to reduce rates three more times this year. However, recent upticks in the economy have led them to pull back a bit and it may take longer into the year before we see those rate reductions. After the first two months of this year, we are up 7.5% in transactions versus the same time last year. The Charleston area median sales price is still strong with a 6% increase YTD and is currently around $420k. We have seen a slight decline in the number of properties going under contract so far this year.
In economic news, DRS Naval Power Systems has selected Berkeley County to establish the company’s first SC operation. The company’s approximate net investment of $120M is expected to create 58 new jobs. The company will build a 140k sq ft manufacturing and test center in Goose Creek. Gnosis Freight is investing $439k in a project that will create 51 new jobs over the next several years. Charleston Southern University has opened a center to cultivate relationships among area residents and businesses. Global Charleston officially opened its office after a March 15th ribbon cutting ceremony at the Hunter Center on campus. Citing a critical need for emergency services on Johns Island, Trident Health has revealed plans to begin construction on Johns Island Emergency, a freestanding emergency department. The news comes 5 months after the health system announced plans to build a 50-bed, $270M hospital on Johns Island. A national commercial and multifamily mortgage banking company has secured a $40M construction loan to build a Class A industrial park in Mount Pleasant. SC Ports plans to purchase the former WestRock paper mill site in North Charleston to further expand port capacity at the Port of Charleston. The additional land will expand the terminal’s capacity to handle 5M containers in the future, and create 5k feet of linear berth space for container ships and approximately 400 acres of terminal space for cargo.
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
