There is some fantastic news for our area. Charleston was named the Top City in the US by Conde Nast Travel and Leisure Magazine for the 8th consecutive year! Charleston came in at #18 for the best cities in the World.  Amazing! Our real estate market has been extremely busy. Our previous record for buying activity was in the spring of 2018 when 458 residential properties went under contract in one week. It has usually been about 400-425 each week in the spring over the past few years. However, each of the last 12 weeks has surpassed that record from 2018. And we’ve gone over 500 several times. In the middle of a pandemic, that’s pretty amazing! 2019 was a record year for Charleston real estate sales, but 2020 seems on a pace now to surpass that. The talk around town is that buyers from the Northeast have decided it’s time to get out of there and move to the best city in the US. We know for sure some of them are as we have been showing them homes! Originally being from the Northeast ourselves, we have experience with relocating to this fabulous place and have never regretted moving here. Many people are buying without actually coming here to see the home. They are relying on the Facetime showings, Zoom showings and 3D visual tours because of the travel restrictions. With the constant changes who knows if that will continue to be the buying norm or what tomorrow brings in this crazy world. Until then, looking to move to the most amazing area ever? Give us a call or send us a text! The Mike & Jeanne Team Mike 843-737-1690 Jeanne 843-901-1850 TheMikeandJeanneTeam@AgentOwnedRealty.com TheMikeandJeanneTeam.com

Charleston Market Shows No Signs of Slowing Down The Charleston real estate market has experienced record-breaking numbers in 2020 and made national news. The National Association of Realtors just named Charleston/ North Charleston as one of the top ten markets showing resiliency during the pandemic and one that is expected to continue to perform well into post-Covid times. Statistically speaking, we are up 15.6% in transactions year-over-year and last year was previously our best year to date. Median sales are also up 8.4% during the same time period and the median sales price regionally is now $305,000. Paired with increased demand, we're also seeing record low inventory. Typically the Charleston market has between 5,000 and 5,500 homes for sale. We're now at only 2,300. New home builders cannot keep up with the strong demand. Another interesting change we've experienced in 2020 is the increase in $1M+ home sales. During the summer months of 2019, we averaged 60 1M+ monthly home sales. That number has more than doubled in 2020. If you've considered buying or selling in Charleston, contact me directly at margaretmarcoe@gmail.com.