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Developer closes on property for Kiawah’s 1st community for 62+ residents
Kiawah Island has a lot of allure in a pandemic: beaches, outdoor activities, seclusion. The island development will also soon have its first 62+ community, Seafields at Kiawah Island. Newly formed not-for-profit Kiawah Life Plan Village Inc. just closed on a 9-acre site from Kiawah Partners, a subsidiary of South Street Partners, for the $180 million project, […]
Pulte Homes plans third Johns Island community
Pulte is preparing to build its third master-planned community on Johns Island. The Atlanta-based home builder announced plans for Grace Landing, a 76-single family enclave, set to arrive on the island in 2022, the company said in a news release. The community is located at 1610 Main Road. “Grace Landing will offer a special opportunity […]
Coastal cities continue to dominate SC home sales
South Carolina may be running out of homes to sell, but that hasn’t stopped record sales from climbing. Inventory declined by 57% in June compared to this time last year, but residential home sales were up almost 15%, according to S.C. Realtors’ statewide real estate market reports. Coastal cities lead the Palmetto state’s market, with […]
Residential home sales continue to trend upward in May
South Carolina residential home sales are still trending upward, even with less and less inventory. May sales were up 36% compared to this time last year while market-wide inventory levels were down 71.7%, according to S.C. Realtors Association’s monthly statewide market report. Beaufort, Charleston and Myrtle Beach continue to experience record residential sales, but Hilton […]
April home sales in South Carolina rise 41% over last year
Mr. Rogers famously asked, “Won’t you be my neighbor?” But the question seems more fitting for South Carolina residents these days. April home sales in South Carolina were up 41% from last year and coastal areas like Charleston, Hilton Head, Beaufort and Myrtle Beach continue to lead in sales, South Carolina Realtors said in a […]
Kiawah River community posts record-breaking Q1
A waterfront community on Johns Island has already surpassed overall sales for 2020 with a record-breaking 49 homes and home sites sold since January. Kiawah River, developed on 2,000 acres along Betsy Kerrison Parkway, was home to 57 families and completed 30 homes by the end of 2020, the company reported. As demand is growing [...]
MUSC to build hospital in Nexton
The master-planned Nexton community will soon become a medical destination for Berkeley County. Medical University of South Carolina has proposed a $130 million hospital within the Summerville community. The 128-patient bed facility will include four operating rooms, eight labor and delivery rooms, diagnostic testing and im[...]
Median home prices in S.C. increase 13% over last year
Median home prices in South Carolina increased 13% year-over year, from $234,000 to $265,000. Sales also were up an average of 22% from last year with majority of the state experiencing significant gains, according to South Carolina Realtors’ March 2021 statewide real estate market data. Coastal markets saw the highest sales, with a 27.9% increase […]
BoomTown acquires Brokermint to help leverage closings
Real estate sales and marketing company BoomTown has acquired a company that automates back office management and transactions, the company said in a news release. BrokerMint is the third acquisition for the company since 2018. BoomTown, which moved to the Pacific Box & Crate development in Nor[...]
Lowcountry home prices climb as listings hit record low
Charleston region home prices are on the rise as demand remains strong but supply dwindles. According to data released by the Charleston Trident Association of Realtors, there were 71% fewer homes for sale over the last 12-month period. At the end of January, there were 2,062 active listings — representing just one month worth of available […]
Rental rises 2.7% in Charleston metro
The average rent for a Charleston metro area apartment reached $1,434 last month — a 2.7% increase since 2019. The rate is $28 less expensive than national average, with Mount Pleasant apartments remaining the most expensive in the area at $1,486 a month — a 0.6% increase over last year, data from a study by RentCafe show. The […]
