August and the dog days are upon us. The Charleston Farmers Market is in action each Saturday from 8am-2pm in Marion Square. The Mount Pleasant Farmers market is each Tuesday afternoon at Moultrie Middle School. James Island is now having a Farmers Market on the first Friday of each month at the town hall. West Ashley also has a Farmers Market on Wednesdays from 3-7pm in Ackerman Park. The Dock Street Theatre will begin performing Fiddler on the Roof starting Aug 28th. The Queen Street Playhouse will be performing Jekyll and Hyde the Musical all month long. Enjoy a movie on the Freshfields Village Green every Wednesday night and Music on the Green every Friday from 6-9pm. The Charleston Battery Soccer team has home matches throughout the month. Enjoy movies and music at the Mt Pleasant Waterfront Park each Friday. And don’t forget Fossil Friday at the Charleston Museum each week. Here is your August calendar of events:
1: Lauren Daigle, Credit One Stadium
1: Forte’s 5th Anniversary, Forte Jazz Lounge
1: Insect Insanity!, N Chas Wannamaker County Park
1: The Head and the Heart, The Refinery
2-4: A Funny Thing Happened on the Way to the Forum, Queen Street Playhouse
3: Kids Fest, Central Creek Park Goose Creek
3: Femme Fatale Burlesque, Music Farm
3: Idina Menzel, Gaillard
5: KP Burke, Dreamers Moncks Corner
8: Sunset on the Stono, Dill Sanctuary
10: Sail Away Yacht Rock, Chas Music Hall
11: 2nd Sunday on King Street
11: Charleston Sprint Triathlon Series, James Island County Park
14: Joe Bonamassa, N Chas PAC
15: Wine on the Piazza, Edmondston-Alston House
16: Jeff Ross, Chas Music Hall
16: Air Supply, N Chas PAC
17: Cars and Coffee, Freshfields Kiawah
17: Dog Day at Splash Island Waterpark, Mt Pleasant Palmetto Islands County Park
20: Leo Kottke and Julian Lage, Chas Music Hall
21: Food Truck Rodeo, Seabrook Island Town Hall
22: The Wildflowers, Chas Music Hall
22: Yappy Hour with your Dog, James Island County Park
24: International Fly Fishing Film Fest, Chas Music Hall
25: Jason Wade, Music Farm
26: Charleston Summer Wine Festival, Charleston Harbor Terminal
29: Yonder Mountain String Band, The Refinery
30: Band of Horses, Firefly Distillery
Charleston real estate sales are getting off to a similar slow start to last year. Higher mortgage rates are still having a big impact on the market. They are now about 7% and the Fed is having a difficult time fitting in a rate cut. Halfway through 2024, we are even in transactions versus last year. The Charleston area median sales price of $429k is still strong with a 3.5% increase from this time last year. However, we have seen a small decline in the number of properties going under contract so far this year. We have seen inventory rise a bit, but it is still comparatively low due to homeowners with low mortgage rates unable to see and take on a much higher rate.
Meanwhile, the Charleston area economy is booming. A Charleston information technology service company has expanded operations in a move that is expected to create nearly 100 new jobs. Located at 997 Morrison Drive, Portside Technology recently expanded to two office spaces on the second and fifth floors of the Charleston Tech Center. Founded in 2020, Portside Technology services Charleston as well as surrounding areas with IT services and technology infrastructure to small- and mid-sized businesses. Nearly 117,000 travelers descended on Charleston International Airport during the Fourth of July holiday. This is a 12% increase and a new record. A new weekly ship service from Ocean Network Express establishes a direct connection between India and South Carolina Ports. ONE launched its new West India North America service at the Port of Charleston recently with the arrival of the ONE Modern at Wando Welch Terminal. MUSC Health University Medical Center in Charleston was named by the U.S. News & World Report for the 10th year in a row as the No. 1 hospital in South Carolina, with two of MUSC Health’s specialty areas ranking among the best in the entire country. Production has begun on Volvo Cars’ fully electric flagship SUV at its plant in Ridgeville. The first customer deliveries of the EX90 are scheduled for the second half of this year. Allegiance Flag Supply now produces between 1,100 and 1,200 American flags a day — 100 times the amount it produced in 2018. The company continues to grow, having recently announced a $6.3 million expansion in Charleston County. Elite Home Care and Day Center, an adult day care company, has purchased a 6800sqft property in Charleston on Cross County road. A multimillion-dollar grant award will allow Home Telecom to expand its broadband network in rural Berkeley and Dorchester counties.
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 Housing Market Updates and Trends
