Believe it or not, June is here! In Charleston, it’s officially beach season. Don’t miss the second week of the Spoleto and Piccolo Spoleto Festivals. These are possibly the greatest arts festivals in the United States. There are far too many wonderful events to list here. The Charleston Farmers Market is back in Marion Square downtown each Saturday all summer long! Check out the concerts on the Green at Freshfields Kiawah every Friday evening. Party at the Point Happy Hour Concert Series is every Friday at the Charleston Harbor Resort and Marina. The Riverdogs are back at home this month too. Here is your full June calendar of events for the Charleston area.:
1: Branford Marsalis, Chas Music Hall
4,7: Sunset Dolphin Boat Cruise, Coastal Expeditions at Shem Creek
5: Isaac Mizrahi, Chas Music Hall
6: Vince Gill, N Chas PAC
6: Barenaked Ladies, N Chas Coliseum
6: Moonlight Mixer, Folly Beach Pier
7: An Emily in Paris Experience, N Chas PAC
7: The Sound of Charleston, Circular Congregational Church
8: 2nd Sunday on King Street
8: Shakespeare on the Steps, Chas Library Society
10,11: Kiawah River Full Moon Kayak Tour, Coastal Expeditions at Kiawah River
13: St Vincent and the Grenadines Symposium, International African American Museum
13,17: N Chas POPS! Jazz in the Park, N Chas Riverfront Park
14: Chas Carifest Caribbean Carnival, Jenkins Youth and Family Village N Chas
14: Glass Animals Tour of Earth, Credit One Stadium
15,16: Charleston Sprint Triathlon Series, James Island County Park
15: Drayton Farley, Music Farm
16: Brett Dennen, Riviera Theater
18: Avril Lavigne, Credit One Stadium
18-21: Carolina Billbish Classic
19: Juneteenth On the Yard, International African American Museum
19: Wine on the Piazza, Edmondston-Alston House
20: Reggae Nights Summer Concert Series, James Island County Park
20: The Yellow Wallpaper and Other Stories, Queen Street Playhouse
21: Cars and Coffee, Kiawah Freshfields
21: Aimee Mann, Chas Music Hall
21: Matt Rife, N Chas Coliseum
21: Randall King, Riviera Theater
22: Heart, N Chas Coliseum
22: Gavin DeGraw, Riviera Theater
25: Ninja Kidz Live, N Chas PAC
26: Thomas Rhett: Credit One Stadium
27,28: Indigo Girls, Chas Music Hall
28: AWE Fest, Town of Awendaw Municipal Park
28,29: Crazy About Patsy Cline, Queen Street Playhouse
Charleston real estate sales continue to be very consistent to the activity from last year. Mortgage rates have moved back to the 7% level. The Fed had predicted three cuts for 2025, but has now backed off committing to any. Year to date, we are down 3% in transactions from last year. The Charleston area median sales price is still strong though with a 3.6% increase year over year and is now at $440k.
Meanwhile, the Charleston economy is booming. Qatar Airways and Boeing made a jumbo announcement on May 14th. The carrier and aircraft manufacturer signed an agreement for the purchase of up to 210 wide body jets. This order sets a new record as the largest wide body order for Boeing, including the largest order for North Charleston-made 787 Dreamliners. It also is the largest order ever placed by Qatar Airways. This purchase, which also includes additional orders for Boeing’s new 777-9, will support approximately 400k jobs in the US. Beginning September 3rd, American Airlines will increase its current service between Charleston and LaGuardia to twice-daily service, with a further increase to three daily flights starting November 3rd. Charleston is generating almost half of the total tourism economic impact in South Carolina, bringing in $14.03B in 2024, which is a 7.1% increase from the previous year. In 2024, almost a quarter of Charleston’s economy was attributed to the 7.89M tourists who came into the region. Compared to 2023, those numbers are at an all-time high. Charleston’s tourism industry hit a record for nearly five million hotel room nights sold, maintaining a 70.6% average hotel occupancy rate. After nearly 80 years in the Lowcountry, Alpha Sheet Metal Works is expanding its operations by 24k sqft and 14 jobs and they are investing $3.7M into the project.
Charleston Housing Market Updates and Trends