As our market continues to grow, you’ll see new hotels, restaurants, and apartment buildings all over. The 2019 residential real estate market is looking at similar growth. There are likely to be close to 18,000 transactions again this year, and the median sale price will probably end up being around $280,000.
Year to date, the number of transactions in our market is down about 5% due to limited inventory, but the median sale price is up 4.8% at the same time. Home values are increasing, and that’s what we’re all looking for.
If you’re looking for something fun to do in Charleston this month, there are a ton of great upcoming events, including:
May 8: Charleston Beer Fest at Riverfront Park
May 19: Preservation Pedal of 5 Historic Cemeteries
May 24: Southern Soul Blues Express at N Chas PAC
May 25: 10th Annual Southeastern Beard and Moustache Championships at Music Farm
May 26: Granger Smith at N Chas PAC
May 27: Memorial Day
May 29: Grass in the Hall at Chas Music Hall
With Memorial Day right around the corner, Matt Mieras of CMG Financial wanted to bring to mind a few special financing programs out there for veterans. Keep in mind that if you’re a veteran, you’re eligible for 100% financing, seller-paid closing costs to break your current lease, and more. If you have any questions about that, reach out to Matt at (843) 670-5512 or send him an email to MMieras@cmgfi.com.
If you have any other questions in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.