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January 2017 Newsletter from CharlestonByDay

Posted By: In: CharlestonByDay Blog Posts
Date: Sun, Jan 1st 2017 12:53 pm

January 2017 Newsletter from CharlestonByDay

Happy New Year and may 2017 be an amazing year for you and your family.  Make sure to have your Hoppin’ Johns and collard greens on New Year's Day, it’s a Lowcountry tradition that promises good luck and money in the new year.  January and February are the only 2 months of the year where we may get a total of 10 days that don’t make it to 50 degrees.   Charleston Restaurant Week and the Charleston Comedy Festival are the highlights of the January calendar of events below:

1: Bill Murray Look-a-Like Polar Plunge, Folly Beach

4-22: Charleston Restaurant Week

5: Garrison Keillor, Gaillard

8: SECOND SUNDAY ON KING STREET

8: Houston Persons, Turtle Point Kiawah

9-10: Charleston Health and Wellness Expo, Gaillard

11: An Evening with Jullian Fellowes, Dock Street Theatre

12: Literary Luncheon, Library Society

12: Chamber Music Charleston, Dock Street Theatre

13-14: Monster Jam, N Chas Coliseum

14-15: Beginners Beekeeping Course, MUSC Gazes Auditorium

14: Southern Fried Chicken Challenge, Grove at Patriots Point

14: Justin Willman, Sottile Theatre

17-18: Shen Yun Chinese Dance, Gaillard

18-21: Charleston Comedy Festival

18: Dave Mason, Chas Music Hall

19: Music of Louis Armstrong, Kiawah

21: Charleston Jazz Festival, Gaillard

22: Elvis Lives, Gaillard

23-28: Charleston Wedding Week

23: Shadowland, Gaillard

27: Bernadette Peters, Gaillard

27: Beach Boys, N Chas PAC

29: Lowcountry Oyster Festival, Boone Hall


The real estate market in 2016 was a great year for Charleston.  Through November, we were up 10.8% year to date over 2015 in the number of transactions.  We will likely sell over 17k homes in 2016 and it will probably be the 2nd busiest year ever.  In terms of median price, we are up a modest 4.5% ytd over 2015 and the median sales price is now at $245k.  While that is an all-time high, it is below the trend line running back to 1991.  That trend line predicted we would be well over $250k by now.  That tells us that we are somewhat undervalued and have room for appreciation.  With all the great things going on in Charleston and all the new construction, one can imagine and hope that 2017 will be another great year for Charleston and its real estate market. Charleston’s new mayor, John Tecklenburg, seems to be doing a great job and there is positive infrastructure progress being made throughout the city and its suburbs.  One can always wish for more infrastructure and for it to come faster, but Charleston is still a pretty easy area to navigate around; it is more of a challenge than it used to be, but that is the price that we pay for being the number one city in the world.

Need more information on making Charleston or any of the Lowcountry towns your home, please call us, we'd be happy to help!

Greg & Susan

843-900-0477

#CharlestonByDay

Realtor of Distinction

Director's Circle 2015


Susan Day, Realtor® 
843-900-0477
AgentOwned Preferred Realty
Greg Day, Realtor® 
732-757-2904
AgentOwned Preferred Realty
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