I can't tell you how many times I have heard from the general public here in the Charleston SC Tri-County area that. "If I would have known the appreciation rate for homes 10 years ago I would have invested heavily ." Unfortunately I do not have a crystal ball to predict the future, but what I do have is hard data to support that housing has indeed appreciated greatly in Charleston Metropolitan area. The prices for each year are based on a median sales price for each area.
AREA 1998 ($) 2007 ($) % Appreciation
Charleston County 138,000 249,000 81%
Dorchester County 105,800 193,750 83%
Berkeley County 89,950 180,000 100%
Charleston Peninsula 215,658 482,500 124%
Mt. Pleasant 153,500 350,000 128%
Sullivan's Island/Isle of Palms 318,000 1,100,000 246%
James Island 120,000 261,000 118%
Folly Beach 230,000 570,000 148%
West Ashley 115,000 214,700 87%
John's Island 111,200 219,500 97%
Kiawah & Seabrook 176,000 652,500 271%
North Charleston 57,425 149,900 161%
Hanahan 87,000 199,000 129%
Goose Creek 96,500 174,992 81%
Moncks Corner 86,900 184,815 113%
Daniel Island 214,275 430,523 82%
In the years to come the appreciation ratio will continue to climb , much to the dismay of fence sitters waiting for a better time to buy or invest. In ten years those same people will be wishing they had acted in 2008 when prices were relatively "low."
Don't be a fence sitter! Contact me, Michael Johnson at 843-817-5299 if you are interested in buying or selling a home in the next year in the Charleston SC area!
I recently posted a blog about Google building a data center in Berkeley country in South Carolina (just outside of Goose Creek). The company has since held a few seminars at Charleston Southern University to explain Google Adwords and Google's grants for non-profit organizations. The company handed out $100 adwords gift certificates to any nonprofit groups that attended the seminar.
Google also release a website that explains more about the new Google Berkeley county site. On the site Google explains why they choose Berkeley county for their newest site:
"Berkeley County has the right combination of energy infrastructure, developable land and available workforce for the data center. Additionally, the team from the local community that welcomed us has worked exceptionally hard throughout the selection process. All of this has truly distinguished Berkeley County as a great place for our new data center."
The site also answers several other frequently asked questions, gives details about the new data center, as well as information on how to apply for a job at the data center.
The annual Cooper River Bridge Run is fast approaching. The 10K run/walk begins in Mt.Pleasant, crosses the Arthur Ravenel Bridge, and then finishes in Downtown Charleston. The race will begin on April 5th at 8:00 am. This year's race features "Bones in Motion" technology which allows one to track runners live with the use of a cell phone or computer.The race will have 6 different categories of runners all color coded and placed strategically based upon the pace of the runner or walker. The categories are as follows:
- Walkers (or people walk-running)
- Runners with an expected time of over 1 hour
- Runners with an expected time of 49 min to 1 hour
- Runners expecting to run under 49 min (and any age-group contenders)
- Runners sub 40 minutes
- Invited/Elite runners (contact Howie Schomer 843-792-1934)
There will be special rates at certain parking garages in downtown Charleston at a rate of $3.00. The garages include:
- Visitor's Center Parking Garage
- Aquarium Garage on Calhoun Street
- Gaillard Auditorium Parking Garage
There are also shuttles that will take you from downtown to Mt.Pleasant but you must wear your race number to board the bus.
The 10K run committee has stated that is objectives of the run are as follows:For more information or to register for the race, visit www.bridgerun.com
- Increase interest in cardiovascular exercise in the Community.
- Raise funds for public education on the importance of exercise.
- Generate a spirit of community involvement and volunteerism.
- Promote and publicize the Cooper River Bridge Run.
Liberty Hall Plantation is one of Goose Creek's newest home communities and features five different subsections. Two townhome communities greet you upon entrance into Liberty Hall Plantation.To the left is Wedgewood and to the right is the newest of the townhome communities, Waterford. Travel straight down Adler Drive and you come upon the three traditional family homes ommunities: Brick Bark Point, Mulberry Park, and Foster's Creek.
If you live in Liberty Hall Plantation and would like to sell you home, please contact me for a free home consultation. I will show you how I can help you sell your home using the new and revolutionary "Saleability Index," a program that helped launch my office to the number 1 selling office in the entire Charleston Tri-County area.
If you are looking to buy in Liberty Hall Plantation or anywhere in Goose Creek, give me a call and I can show you the benefits of using a Realtor including not paying a dime for my services.
The following chart is the sales and inventory market report for Liberty Hall Plantation in 2007. Sales dropped a bit late in 2007 but the good news is that so did inventory.
Sales and Inventory History
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory |
| January | 2007 | 29 | $216,935 | $212,189 | 97.81% | 141.0 | 39 | 1.34 |
| February | 2007 | 14 | $213,073 | $195,869 | 91.93% | 132.0 | 51 | 3.64 |
| March | 2007 | 27 | $207,911 | $195,059 | 93.82% | 87.0 | 38 | 1.41 |
| April | 2007 | 5 | $214,187 | $206,139 | 96.24% | 125.0 | 39 | 7.80 |
| May | 2007 | 7 | $204,781 | $202,744 | 99.01% | 97.0 | 34 | 4.86 |
| June | 2007 | 8 | $210,450 | $198,180 | 94.17% | 56.0 | 35 | 4.38 |
| July | 2007 | 11 | $190,840 | $168,115 | 88.09% | 111.0 | 27 | 2.45 |
| August | 2007 | 8 | $174,294 | $168,495 | 96.67% | 153.0 | 25 | 3.13 |
| September | 2007 | 7 | $193,094 | $189,419 | 98.10% | 82.0 | 27 | 3.86 |
| October | 2007 | 6 | $192,711 | $185,480 | 96.25% | 53.0 | 22 | 3.67 |
| November | 2007 | 10 | $184,328 | $183,328 | 99.46% | 32.0 | 25 | 2.50 |
| December | 2007 | 10 | $166,620 | $163,960 | 98.40% | 58.0 | 20 | 2.00 |
| Total | 142 | $197,435 | $189,081 | 95.77% | 93.9 | 32 | 3.42 | |
1 METRO NORTH – PCRE (Goose Creek, SC)
2 MAIN STREET – PCRE (Summerville, SC)
3 TROLLEY RD – PCRE (Summerville, SC)
4 KELLER WILLIAMS – MT.PLEASANT
5 NEW HOMES – PCRE
6 ASHLEY RIVER RD – PCRE (Charleston)
7 ORLEANS RD – PCRE (Charleston)
8 AGENT OWNED PREFERRED – MT.PLEASANT
9 FOLLY RD – PCRE
10 LONG POINT RD - PCRE
If you are considering selling your home within the next year, go with the industry leader. Call me for a free consultation at 843-817-5299 or email at michaeljohnson@prucar.com. You can also visit my website at www.providingthelight.com
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It is my job to stay educated and informed so I can best serve you, my customers and clients. Let me help you through the confusing waters of real estate. "Providing the Light to Guide You Home!"
"We are what we repeatedly do. Excellence then is not an act but a habit"-Aristotle-
I spent 7.5 years in the U.S. Air Force before getting out in January 2001. I understand first hand the headache and excitement that a moving experience can be for anyone as I have done more than my fair share of relocating in the military. I go the extra mile to facilitate the home buying and selling experience for my clients so they can focus more on the move and less on the transaction. I am a Military Relocation Specialist!
I also recently graduated college (with honors) from the College of Charleston with a degree in History. My college experience taught me how to think critically in any given circumstance and how to research any given problem to determine a viable solution. This means that I am continually gathering information so as to better represent and advise my clients. My goal is to always be their Trusted Advisor in any Real Estate transaction.
If you are looking for a home for sale in Goose Creek, Summerville, Mt. Pleasant, or anywhere in the Charleston, SC metro., don't hesitate to call me or visit my website.
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