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May Newsletter from CharlestonByDay

Posted By: In: CharlestonByDay Blog Posts
Date: Wed, May 10th 2017 5:37 pm

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

Hope you have a great day.

CharlestonByDay

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Susan Day, Realtor® 
843-900-0477
AgentOwned Preferred Realty
Greg Day, Realtor® 
732-757-2904
AgentOwned Preferred Realty
"Experience Only The Service an Owner Can Provide!"