Area Real Estate News Blog

We hope you’ll find our blog to be a great resource of information covering everything and anything about the real estate market and luxury properties. We want to help you understand our Charleston market. Please reach out if you have any questions at all. We’d love to talk with you!

June 5, 2019

WestEdge Development

WestEdge Building in Charleston SC22 WestEdge Coming Along

Scheduled for completion in the Fall of 2019 is this 8 story multi-tenant/office building with 155,000 sq. ft of office, research, retail, and restaurant space.This will be one of the tallest buildings on the peninsula and will become a bustle of activity in the near future. Situated nearby to Brittlebank Park, the Joe Riley Stadium, The Bristol and City Marinas, and 4 brand name hotels, the location couldn't be better for avoiding the congestion of the downtown peninsula yet still walkable to the action. This is a location to watch as it grows in the next few years. Great investment opportunities could be had here or for neighboring properties of this promising expansion in Charleston. Publix grocery within the complex is now open.

 

Posted in Market Updates
May 21, 2019

ReSALES at THE GADSDEN

GADSDEN 309

The Gadsden new condominiums opened their doors in 4Q of 2018 and the sales have been amazing. There are a few resales finally hitting the market from investors or persons who bought preconstruction, but their lives have changed. It is wise to take a look at these well-priced condos because prices in the building have risen significantly.  Condo #309 is considered one of the best deals currently in the building, not just because of the good price, but because of all the extras that were added to make this condo extra-special. Give us a call, we are happy to show you all the available condos in the building so you can decide, but we think you will agree.  Check it out.

Posted in New Listing
March 15, 2019

PUBLIX NOW OPEN

PUBLIX GROCERY NOW OPEN 

If you live in The Bristol Luxury Condominiums or at Bee Street Lofts, 
this couldn't be better news!
Now these residents can just walk to shop.
grocery, publix,interior, grand opening, new

Bristol Condos around the corner
Posted in Market Updates
March 12, 2019

MATCH DAY SALES

Jason Crichton on Match Day Charleston SC   MATCH DAY - MID MARCH - MARCH 15th

Mid-March is when every 4th-year medical student in the U.S. learns where they will spend the next 3-4 years in their residency. This affects the real estate market in a big way when you are living in a city like Charleston with numerous hospitals, and a medical university. Future residents are immediately planning to move and even buy houses. Senior residents who will be graduating from residency in June, entering private practice or Fellowships, will also start their house selling and hunting for their next location. 

Those waiting on the announcement make a mad dash to find a home conceivably within a ten minute commute to the hospital hoping it will appreciate, or at least maintain its value during their residency. We suggest beating the rush by making an offer ahead of Match Day, contingent on the match. We have numerous listings within walking distance to downtown MUSC and Roper Hospitals, give us a call.

 

Posted in Market Updates
Feb. 24, 2019

Just Listed

Million Dollar Condo for less than a Million

This condo has just been listed. Click here for more details.

 

TIDES IV 415 1

Posted in New Listing
Aug. 14, 2017

Luxury Condo Regime Fees or POA Fees

CONDO REGIME FEES - WHAT’S THIS? 
IS IT IMPORTANT?

Regime fees are condominium association costs typically charged on a monthly basis to the owners of condos that cover budgeted items. Although the terms "HOA" and "condo association fees" are more widely used,  “regime fee” is a common term in southern states, and more specifically here in South Carolina. Every condo property will have a regime fee.

This regime fee often includes building insurance, board insurance, flood insurance, wind & hail insurance, structural maintenance, and upkeep of the common areas inside and out including caring for any amenities owned by the condo complex, interior and exterior pest control for the common areas, as well as garbage pickup. Water and cable are often included, and on occasion gas.

Yikes - this may seem like a large monthly expense, but remember that these fees are factoring in all the costs associated with owning the complex and splitting the cost (usually based on unit size) between all the owners. Actually as a homeowner you probably pay this and more but just don’t see it coming out of your pocket monthly. When it comes time to replace the roof, it may cost the condo owners little or nothing to have it done...the money is oftentimes already there in the Reserve which is also part of this monthly regime fee!  Regime fees may be based on the square footage of each condo or a flat fee. They may include the insurances or not - be sure to ask.

The major upside to purchasing a condo is the easy lock & leave nature of the property along with little attention required by the condo homeowner. We love well-managed condos.

July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each luxury price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in condo regime fees