May is here and that means the 17-day Spoleto Festival will arrive in Charleston! Some of the best art and performances of the year kick off on the 22nd. Piccolo Spoleto will be going on as well with more of bent on local artists and performers. Try to make it to at least five events. North Charleston will be hosting its Arts Fest from May 1st – 5th. And you better not forget Mother’s Day on May 12th. It’s warming up out there and it’s the perfect time of year to visit the gardens and enjoy a stroll. The Charleston Farmers Market is back in action each Saturday from 8am-2pm in Marion Square. West Ashley also has a Farmers Market on Wednesdays from 3-7pm in Ackerman Park. Climb aboard the Charleston Princess for Wine Down Wednesday on May 8th and 22nd. Here is your full May calendar of events for the Charleston area:
1: Bad Religion with Social Distortion, Firefly Distillery
2: Colour of Music Festival Chamber Music, Eternal Father of the Sea Chapel
2: Emo Orchestra featuring Escape the Fate, Chas Music Hall
2: Stephen Marley, The Refinery
2: Sunset on the Stono, Dill Sanctuary James Island
3: Audubon Swamp Sip and Stroll, Magnolia Plantation
3: Zach Williams, N Chas PAC
7: In Flames, Chas Music Hall
8: Queens of the Stone Age, Firefly Distillery
8: Leonid and Friends, Chas Music Hall
9: Primus, Chas Music Hall
9: Bonnie Raitt, N Chas PAC
10: Sierra Ferrell, Chas Music Hall
10: Charleston Electric Fest
11: Lowcountry Rhythms, Chas Music Hall
12: Wheeler Walker Jr, Chas Music Hall
12: 2nd Sunday on King Street
12: Spring Tea, Drayton Hall
16: Wine on the Piazza, Edmondston-Alston House
16: Allman Betts Band, Chas Music Hall
18: Cars and Coffee, Freshfields Village Kiawah
18: Vienna Light Orchestra, Historic Circular Church
18: Todd Rundgren, Chas Music Hall
20: Chappell Roan, Firefly Distillery
22: Blooms and Bubbles Exclusive Garden Tour with the Garden Club of Charleston, Joseph Manigault House
22: Food Truck Rodeo, Seabrook Island Town Hall
25: Atlantic Cup Sailing Race, Charleston Harbor Resort and Marina
25: Back Porch Jams with the Midnight City, Firefly Distillery
27: Charleston Men’s Chorus, St Phillips Church
30: Ben Folds, Chas Music Hall
31: Pixies and Modest Mouse with Cat Power, Firefly Distillery
Charleston real estate sales are getting off to a similar slow start in 2024 as we did in 2023. Higher mortgage rates were the main reason for slow sales. They are now about 7%. The Federal Reserve announced that their plans for 2024 were to do three rate reductions. However, recent upticks in the economy have led them to pull back a bit and it may take longer into 2024 before we see those rate reductions. After the first quarter of 2024, we are up 1.3% in transactions versus this time last year. The median sales price in the Charleston area is still strong, with a 5% increase. Our median sales price is now $420k. However, we have seen a small decline in the number of properties going under contract so far in 2024.
In economic news, plans have been unveiled for a new 100-acre Park in Mt Pleasant on Rifle Range Road. A 17% increase in loaded imports and strong intermodal cargo movements drove year-over-year container volume growth at South Carolina Ports, marking the most significant uptick this year. The College of Charleston Board of Trustees has approved the creation of two new academic schools: the School of Engineering, Computing, and Mathematics and the School of Natural and Environmental Sciences. South Carolina was awarded nearly $125 million in federal funding to launch new statewide programs that will expand residential-serving community solar and grow its clean energy workforce, fueling renewable energy solutions to the Palmetto State’s growing energy generation demands. The PGA of America announced that The Ocean Course at Kiawah Island Golf Resort in Kiawah Island will host the 2031 PGA Championship. Additionally, the 2029 Girls and Boys Junior PGA Championships will be contested at The Ocean Course and Turtle Point Golf Course at Kiawah Island Golf Resort. Set to open summer 2024, The Bays on Coleman is an indoor golf facility that brings state-of-the-art technology and higher-end amenities to the heart of Mount Pleasant. The lineup is set for an annual Darius Rucker-curated music festival in North Charleston. In its third year, Riverfront Revival will take place on Friday and Saturday, Oct. 11th-12th, at Riverfront Park in North Charleston. An Atlanta restaurant has plans to open a downtown Charleston location later this spring. The Select is expected to open at 465 Meeting St., at the base of Greystar’s corporate headquarters building, in late May. Charleston nonprofit Turn9, received a $2M boost from philanthropist MacKenzie Scott. Saks Fifth Avenue has partnered with The Dewberry to bring the retailer’s luxury personal shopping and styling service, the Fifth Avenue Club, to Charleston.
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
