CharlestonByDay May 2017 Newsletter
May is upon us and that brings flowers and Spoleto. The Spoleto Festival USA is Charleston’s greatest cultural event of the year. 17 days of non-stop world class entertainment., and the local talent shows off at the same time at Piccolo Spoleto. This all starts on May 26. Choose at least 5 events and make some memories.
Below is your May calendar of events:
1,3: Stingrays playoff Hockey, N Chas Coliseum
STINGRAYS ARE IN THE FINALS!!!!
1-7: Tall Ships, Charleston Harbor Marina
2: Christopher Cross, Chas Music Hall
3: Marty Stuart, Chas Music Hall
3-8: N Charleston Arts Festival
4: Gibbes Museum Street Party
5: Cinco de Mayo Royale Happy Hour Party, Royal American
6: 10th Annual Dragon Boat Festival, Brittlebank Park
6: 41st Annual Lowcountry Shrimp Festival and Blessing of the Fleet, McClellanville
6: Seersucker Saturday Kentucky Derby, Rooftop at Vendue
6: A Day at the Races(Kentucky Derby viewing), Belmond Charleston Place
11: Jimmy Buffet, Volvo Stadium
11: Rick Springfield, Chas Music Hall
12-14: 47th Annual Greek Festival, Greek Orthodox Church 30 Race St
13: David Crosby, Chas Music Hall
14: Second Sunday on King Street
20: Charleston Beer Garden, The Grove at Patriots Point
21: 3rd Annual Bands, Burger, and Beer Throwdown, The Grove at Patriots Point
21: An Evening of Jazz Under the Stars, Magnolia Gardens
23: Bela Fleck and Chris Thile, Chas Music Hall
24: Jamey Johnson, Chas Music Hall
26-June 11: Spoleto and Piccolo Spoleto
The economy in Charleston is terrific and is driving the real estate market. Let’s just look at a couple of recent news items other than Boeing and Volvo and Silicon Harbor. NCGS, a company that conducts clinical trials, will build their corporate headquarters here, investing $10M and adding 80 jobs. The Port had its busiest month ever in March, up 13% from last year. Summerville based boat manufacturer, Scout Boats, announced an $11M, 120,000 sqft expansion and the creation of 370 jobs. Elsewhere in SC, BMW is reporting the best March ever and that sales of the Spartanburg-produced X5 have jumped 20.7%. The NCAA has announced that SC will host 7 championships between 2019 and 2022.
So, as for real estate, through the first quarter compared to the first quarter of 2016, sales were up 13.6% and median sales price was up to $245k, up 4.5%. It’s becoming very difficult to find a single-family home in Mt Pleasant or James Island for under $300k. Mt Pleasant median sales price is now over $200/sqft. James Island is around $185/sqft. West Ashley is over $150/sqft. The Summerville/Goose Creek areas are the least expensive, but are now over $100/sqft. New construction is rampant all over. They are building a new exit on I-26 to accommodate all the new growth in that area because of the new Volvo plant being built there. This past week saw almost 100 condo/townhome sales. Around 50-60 is more customary, and the rental market is just as good as the sales market. It’s a great time for Charleston.
Need more information about buying or selling a home here in the Charleston area? Call us: Greg & Susan Day at :843-900-0477 or checkout our new website at CharlestonByDay.com