Lowcountry News

March 2018

March 2018 - News

Spring has come early. February was the exact opposite of the dreadful month of January. It’s been over 70 degrees most of the month! March is upon us and brings the official opening of spring and a longer day with Daylight Savings Time. The Food and Wine Festival continues through March 4. The big holiday in March is St Patrick’s Day with the annual block party at Dunleavy’s Pub on Sullivan’s Island and downtown Charleston’s parade. Here is your March calendar of events:

March 2018 Calendar

Here’s your March calendar of events:
1-4: Charleston Food and Wine Festival Continues
1: When We Were Kings, Chas Music Hall
1: Owls at Midnight: Center for Prey
2: Artwalk, downtown
3: Front Beach Fest, IOP
3: Darren Knight, Chas Music Hall
3-6: Colonial Athletic Association Basketball Championship, N Chas Coliseum
4: Lewis Black, Gaillard
4: Graham Nash, Chas Music Hall
5: Dixie Dregs
6: Fleet Foxes, N Chas PAC
6: Venice Baroque Orchestra, Gaillard
7: Spinal Tap, Chas Music Hall
9-10: Celebration of Quilts, Omar Shrine Temple Convention Center
10: ArtFest, Mt Pleasant Towne Center
10: St Patrick’s Day Block Party and Parade, Park Circle
13-17: 12th Annual Fashion Week
15-21: Annual Festival of Homes and Gardens, downtown
16-18: Charleston Antique Show, Gaillard
17: St Patrick’s Day Parade, King Street
17: Block Party: Sullivan’s Island
18: Travis Tritt, Chas Music Hall
20: Ovation Concert Series, Dock Street Theatre
20-25: Beautiful-The Carole King Musical, N Chas PAC
22-24: 83rd House and Garden Tour by the Garden Club of Charleston
24: Harlem Globetrotters, N Chas Coliseum
24-25: Thumbelina Ballet, Sotille Theatre
24-25: Pet Fest 2018, Palmetto Islands County Park
27: Million Dollar Quartet, Gaillard
27: The Pretenders, N Chas PAC
31: Hat Ladies’ 17th Annual Easter Promenade

Charleston is simply booming. YELP ranked Charleston as the 5th Best City for Economic Opportunity. MUSC is opening a medical facility in the old JC Penny space at Citadel Mall. Real Estate sales are booming. The Johns Island Community Association has asked for a 6 month moratorium on new permits for residential units. 2017 was the busiest year ever for Charleston real estate with almost 18k sales. Jan 2018 was better than Jan 2017 by 7.5% in terms of transactions. So 2018 is on its way to exceeding the records of 2017. Median sales price was up 7.8% for Jan 2018 versus Jan 2017. Inventory continues to be at historically low levels. This causes buyers to be more urgent. Buyers are also sensing urgency now because of rising interest rates. Remember that a 1% increase in mortgage rates reduces a buyers buying power by 10%. Instead of looking for a $300k home, they can only afford a $270k home and keep the same payment. If you’ve thought about selling your home, this year is a golden opportunity.

Call Amy at 843-824-4892 or email amy@iop-residential.com to start a discussion of your needs.

February 2018

February 2018 - News

Thank goodness January is gone and February is here. January’s snow and cold weather were very unusual. Hopefully, February will be better. There’s certainly a lot to do in February in Charleston with the SE Wildlife Expo and all of the oyster roasts. The Charleston Wine and Food Festival starts at the end of the month.

February 2018 Calendar

Here’s your February calendar of events: 1: Night at the Brewseum, Children’s Museum of the Lowcountry
2: Good Catch Oysterfest, SC Aquarium
3: Groundhog Day Movie, Chas Music Hall
3: 18th Annual Downs Byrd Memorial Paws and Pearls Oyster Roast, Summerville Country Club
3: 7th Annual Shuck-a-Rama for the Brain Injury Assoc of SC, Runnymede Plantation
3: Shuckin’ for Shelter Oyster Roast, Oakley Farms
5: Art Garfunkel, Chas Music Hall
6: Bela Fleck and the Flecktones, Chas Music Hall
7: Arlo Guthrie, Chas Music Hall
7: Darius Rucker – the Music of Frank Sinatra, Gaillard
8: Steep Canyon Rangers, Chas Music Hall
8: The Temptations and the Four Tops, N Chas PAC
8-11: Disney on Ice, N Chas Coliseum
9: Full Metal Jacket Movie, Chas Music Hall
10: Bacon and Boubon, N Chas Convention Center
10: Diana Krall, Gaillard
10-11: Lowcountry Irish Festival, Omar Shrine Convention Center Mt Pleasant
11: 19th Annual Chef’s Feast, N Chas Convention Center
15: Edwin McCain, Chas Music Hall
16-18: SE Wildlife Expo
17: Brantley Gilbert, N Chas Coliseum
18: John Colianni, Circular Congregational Church
17,21,24: 2018 Carolina Challenge Cup Soccer, MUSC Health Stadium
22: La Dolce Vita, Music of the Italian Cinema with the CSO, Chas Music Hall
23: Gabriel Iglesias, N Chas PAC
24: A Chocolate Affair, Memminger Auditorium
24: Dill Sanctuary Annual Oyster Roast, Dill Sanctuary
24: Air Supply, Gaillard
25: Steve Martin and Martin Short, N Chas PAC
27: Eric Johnson, Chas Music Hall
28-March 4: Charleston Wine and Food Festival

Just a quick glance at all we have going on in the event calendar will tell you that Charleston is a busy place!! Trivago ranked Wentworth Mansion as the #4 Best 5 Star Hotel in the US. The French Quarter Inn was ranked #1 4 Star Hotel in the US with The Restoration coming in at #4. Travel and Leisure ranked Charleston in the top 20 of most affordable vacations. So, it’s no surprise that 2017 was the busiest year ever in Charleston real estate with almost 18k residential sales. Median sales price was at an all time high of $255k. But the number of transactions was only 3.4% above 2016. It would have been more if we had more homes to sell. Inventory is very low. Median sales price was only up 4.3% over 2016, which is a very sustainable rise. Goose Creek and Summerville saw a lot of increased activity and prices due to the Volvo plant moving in. Mt Pleasant continues to be the most popular suburb with median prices well above $200/sqft.

  • Call Amy at 843-824-4892 or email amy@iop-residential.com
  • to start a discussion of your needs.

    Happy New Year 2018

    January 2018 - News

    January is here and it is cold!! January and February are usually the coldest months in Charleston. But we know that spring is just around the corner. Of course, there are some great things to do inside in Charleston during January. Restaurant Week, Stanley Kubrick Film Festival, Jazz Festival, and Shen Yun should keep your mind off the cold. Don’t forget to have your greens and hoppin’ john on New Year’s Day for money and good luck in 2018. Here is your January calendar of events:

    January 2018 Calendar

    1: Bill Murray Look-a-Like Polar Bear Plunge, Folly Beach
    1: Dunleavy’s Pub Polar Bear Plunge, Sullivan’s Island
    4: Travis Tritt, Chas Music Hall
    5: Henry Rollins, Chas Music Hall
    5,6: Charleston Symphony Orchestra’s(CSO) Brahms’ Symphony #2, Gaillard
    7: Chamber Music with violinist Karen Kim, Dock Street Theatre
    9: River Dance 20th Anniversary World Tour, Gaillard
    10-21: Charleston Restaurant Week
    10,11: Charleston Health and Wellness Expo, Gaillard
    12: Charleston Magic Parlor Dinner Theatre, 82 Queen
    13: Charleston Marathon
    13,14: Beginner’s Beekeeping course, Gazes Auditorium MUSC
    17: Dr Strangelove, Chas Music Hall
    18: Nnenna Freelon, Chas Music Hall
    18-21: Charleston Jazz Festival
    18: CSO Gershwin and Bernstein Take New York, Gaillard
    19: The 5 Browns, Gaillard
    23: They Might be Giants, Chas Music Hall
    23,24: Shen Yun, N Chas PAC
    25: A Clockwork Orange, Chas Music Hall
    25: Pink Martini, Gaillard
    26: Del McCoury Band, Chas Music Hall
    26: A Night in the Valley, 15th Annual Dinner and Auction, Trident Tech Culinary Institute
    27: John Mulaney-Kid Gorgeous, Gaillard
    28: Charleston Trees Oyster Roast, Lowndes Grove
    28: Cabaret, Gaillard
    28: Lowcountry Oyster Festival, Boone Hall
    31: The Shining, Chas Music Hall

    2017 will likely be the busiest year ever for Charleston real estate with close to 18k transactions. Median sales price is up 4.3% over 2016 at an all time high of $255k. Goose Creek and Summerville are really taking off with the building of the new Volvo Plant. Folly Beach just got a boost from Trip Advisor when it was named to the Most Charming East Coast Beach Vacations list. Mercedes is building a new plant for its Sprinter van here in Charleston. Thermo King, a temperature control and refrigeration systems manufacturer will open a new plant in Berkeley County to supply the new Mercedes plant. Cypress Creek Renewables is building a $115M, 75MW solar facility in Orangeburg Country. CARTA has installed a bus shelter at the airport to handle the ever increasing passenger load. Deytens Shipyard has received a $7.8M contract to service the USNS Big Horn. Heatworks will create 60 jobs when it moves its tankless water heater facility to a larger plant in Mt Pleasant. Welcomemat Services has ranked Mt P the 6th best place for small businesses of the 375 neighborhoods it researched. The SC Dept of Commerce has established a $2M aerospace endowment at USC’s College of Engineering and Computing to enhance the college’s partnership with Boeing here in Charleston. It may be cold outside, but Charleston is on fire!!

    Call Amy at 843-824-4892 or email amy@iop-residential.com to start a discussion of your needs.

    End of the Year 2017

    December 2017 - News

    December is here and the Holiday Season is upon us. There is so much to do to get you in the spirit of the season. Of course, it wouldn’t be Charleston if our parades didn’t include boats. On Dec 9, the City of Charleston will have the 36th Annual Parade of Boats starting in the Harbor and winding around the Peninsula to West Ashley. The best place to see it will be at the Viewing Party and Boat Raffle hosted by the Rotary Club of Charleston at the Maritime Center near the Aquarium. The Viewing Party is quite the event and tickets are only $25. You can purchase your event and/or raffle tickets at http://charlestonparadeofboats.com

    Here is your December calendar of events:

    December 2017 Calendar

    1: Colonial Lake Tree Lighting
    1: Charleston Galleries Art Walk, downtown
    1: Gaither Christmas Homecoming, N Chas Coliseum
    1: N Chas Christmas Festival and Tree Lighting, Park Circle
    2: N Chas Christmas Parade
    2: IOP Christmas Street Festival, Front Beach IOP
    2: 27th Annual MUSC Reindeer Run, downtown
    2: Crafty Bastards: Arts and Crafts Fair, Joe Riley Stadium
    2,9: Candlelight Tours, Nathanial Russell House
    2: Holiday Swing, Chas Music Hall
    2,3: The Nutcracker Ballet, Gaillard
    3: City of Charleston 35th Annual Christmas Parade and Tree Lighting
    5: Summerville Tree Lighting
    7,9,10: The Holy City Messiah, St John the Baptist, St Andrews Church, St Theresa the Little Flower Catholic Church
    9: Folly Beach Christmas Parade
    9: 36th Annual Parade of Boats and Viewing Party, Maritime Center
    9: 40th Annual Kiawah Island Marathon
    9: Great Russian Nutcracker, N Chas PAC
    9: Renee Fleming, Gaillard
    9: 7th Annual Sea Life by Starlight, SC Aquarium
    10: Mt P Christmas Parade
    10-12: 2nd Annual Holiday Tea and Tour, Thomas Bennett House
    13: CSO String Quartet, Chas Library Society
    16: Cars and Coffee, Freshfields
    19: Chanukah in the Square, Marion Square
    19: The Hot Sardines, Gaillard
    20: Canadian Brass, Gaillard
    31: 6th Annual Yorktown Countdown
    31: Snyder’s Grand Ball, SC Aquarium
    31: The Bachelors Society of Charleston New Years Eve Ball, Gaillard
    31: ‘80s Prom New Years Eve Party, Frothy Beard
    31: Flip Flop Drop, Folly Beach
    1: Bill Murray Look-a-Like Polar Bear Plunge, Folly Beach

    Our real estate market continues to excel. Year to date, we are up 3.3% in terms of transactions over the same period from 2016. We may very well have 18k transactions this year and set an all time record. Year to date, median sales price is up 4.4% to $255k. Mount Pleasant continues to be the most sought after suburb with median prices exceeding $200/sqft. It’s proximity to the beach and downtown, the shopping and amenities, and the well regarded schools that put Mt Pleasant at the top of the list. James Island is next with median prices getting close to $200/sqft. James Island is popular mainly because of its proximity to downtown and the beach. West Ashley is also doing quite well and is now seeing median sales prices at more than $150/sqft. West Ashley has tons of shopping and is a very central location. North Charleston, Summerville, and Goose Creek are doing quite well at median prices above $110/sqft for the first time in years. These areas are more affordable and are close to the Boeing and Volvo facilities.

    Call Amy at 843-824-4892 or email amy@iop-residential.com to start a discussion of your needs.

    November 2017

    November 2017 - News

    November is the beginning of holiday season and we have lots of events in Charleston to keep you busy including the opening of the Festival of Lights at James Island County Park and the Turkey Day Run and Gobble Wobble. Looks like we’ll be starting the month off with really nice weather with temperatures in the low 80’s! Here is your November calendar of events:

    November 2017 Calendar

    2-6: Charleston International Film Festival

    3-6: Dracula, King of Vampires, Dock Street Theater

    3: Lovin’ the Lowcountry Fall Festival, Daniel Island

    4: A night of Culinary Stars, Cigar Factory

    5: Party for the Parks, Colonial Lake

    5-6: Charleston Mac Off, Grove at Patriots Point

    5-6: Folly Jazz Festival, Folly Beach

    5: Harvest Festival, Mullet Hall

    5: Lowcountry Hoedown, Visitor’s Center

    5: Jeff Dunham, N Chas Coliseum

    10-13: Disney on Ice, N Chas Coiiseum

    10: Taste of Hutson Alley

    11: Festival of Lights opens at James Island County Park

    11-12: Smoke on the Harbor BBQ Throwdown, Chas Harbor Resort

    11: Eric Johnson, Chas Music Hall

    13: Drive By Truckers, Chas Music Hall

    13: Charleston Horicultural Society Oyster Roast, McLeod Plantation

    13: 3rd Annual Coffee Cup, Memminger Auditorium

    15-16: Annie, N Chas PAC

    17-20: Charleston Classic Basketball Tournament, TD Arena

    17: Drivin’ N’ Cryin’, Chas Music Hall

    18-19: Miss SC, N Chas PAC

    18: Dolly Parton, N Chas Coliseum

    20: Oh Happy Day Gospel Music Experience, Circular Congregation Church

    21: Blues Traveler, Chas Music Hall

    24: 39th Annual Turkey Day Run and Gobble Wobble, Marion Square

    25: Goo Goo Dolls, N Chas PAC

    25: Motown Christmas, Chas Music Hall

    27: WWE Holiday Tour, N Chas Coliseum

    28: Mannheim Steamroller, N Chas PAC

    Our real estate market here continues to do very well. New construction is prominent in several MLS areas including Johns Island and Mt Pleasant. However, new construction seems to be making its biggest strides in the Jedburg area near the new Volvo plant. The Nexton community is going to dwarf the already sizable Cane Bay subdivision. They’re actually building a new exit ramp off I-26! Overall, the tri-county areas are up 10.5% in number of transactions YTD over 2015. 2016 will likely see over 16k transactions and it will probably be the 2nd busiest year ever. Median sales price is up 5.1% to $244k. I hear many people concerned that this may be too inflated and that we may be experiencing another bubble in the housing market. However, there are still several MLS areas whose median $/sqft values have still not gotten back to the 2006 levels. These are most notably in the Summerville and Goose Creek areas. And a 5.1% increase in prices is not that much more than the national average of 4%, especially considering that we are a coastal town with so many good things happening economically.

    Call Amy at 843-824-4892 or email amy@iop-residential.com to start a discussion of your needs.


    A full-service residential real estate firm licensed in South Carolina, specializing in properties along the Charleston coast including Isle of Palms, Wild Dunes, Sullivan's Island and Mt. Pleasant.

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