All Blog Entries by Lee and Katherine Keadle

Found 244 blog entries published by Lee and Katherine Keadle.

So far in 2023, the Charleston real estate market is performing much stronger than forecasters expected. Ratified contracts in March of 2023 ended up being only 5% shy of the March 2022 figure even though sales were anticipated to be 15% less. In short, the 2023 local real estate market won’t match the stellar, record breaking 2022 sales figures. However, even with higher interest rates and a low supply of homes for sale, Charleston is outpacing the 15 year average each week for written sales. (See this chart which shows 2023 ratified contracts by the green line, 2022 ratifieds by the orange line, and the 15 year average in blue.)

charleston home sales 2023

Last week the Charleston housing market saw 359 properties go under contract which makes it the third best week so far

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We wanted to share a recent Forbes article that is well-written and does a great job of explaining where the housing market is now, how we got here, and where it looks to be going. We’ve also included the local housing market forecast for Charleston South Carolina.

charleston south carolina

To summarize, we had a low inventory of homes before the pandemic and then the combination of increased demand and low interest rates have depleted inventory further. If you have been looking for homes over the last 6 months, you’ve seen the 15% or higher appreciation and how quickly homes are selling, but this rate seems to be at least slowing down a little over the last three months.

No one knows exactly how the market will behave, but this trend seems to be mostly driven by an

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I’On is one of Mount Pleasant SC’s best areas to live because of its extensive public green spaces, two lakes, fantastic facilities for boaters and tennis players, great public schools, full range of amenities, and superb location. After 16+ years of specializing in Mt Pleasant real estate, it’s still one of our favorite neighborhoods. The charm and overall feel of the community make it stand out. So what are the pros AND cons of living in I’On? Here’s the feedback we’ve gotten over the years along with similar neighborhoods to compare!

Why Are Home Buyers Drawn to I’On?

i'on mount pleasant

It’s hard to find a better location in Mount Pleasant. With multiple entrances off Mathis Ferry Road, I’On appeals to buyers wanting to live closer in to Downtown Charleston

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carolina one real estate new location folly road

We are excited to announce that The Keadle Group will be headquartered at a new location on James Island SC! Carolina One Real Estate is currently building a new office building on Folly Road expected to be complete by November 2022. Designed by Glick Boehm Architects, the building at 719 Folly Road will house Carolina One Real Estate, Carolina One Mortgage, and Weeks and Irvine Law Firm. See the renderings we’ve included above of the new building, and we’re excited to have a new office to meet clients!

carolina one real estate agents charleston sc

People sometimes ask us why we choose to stick with Carolina One Real Estate after 17 plus years of experience in the business. The infographic above helps to summarize why using statistics. For decades, Carolina One has been the top selling

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For Mount Pleasant home buyers in the $500K plus range, Carolina Park should certainly be on your short list! I’ve specialized in Mount Pleasant real estate for over 15 years, so I’ve seen this suburb grow and have helped buyers and sellers in Carolina Park since it was in its early development. Based on many clients’ feedback and also personal experience, here are the pros and cons of Carolina Park to help you weigh your options!

Carolina Park: Mount Pleasant’s Newest Large Scale Master Planned Community

carolina park mount pleasant

Whether you want a brand new home or one that’s just a few years old (and can close in 30-45 days), the newness factor here is a huge selling point. In terms of commute, many residents like that its location is directly off Hwy 17 (with stop

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Many home buyers are getting discouraged by the current 2021 Charleston housing market trends. Multiple offer situations have become the norm, and we’ve seen as many as 18 offers on a single listing. It’s hard to compete against a record number of cash buyers who can close quickly and forego an appraisal, even if a lender verified buyer is paying full list price.

However, here are ways that we like to prepare and increase your chances of winning the offer:

  • In today's market you must have a preapproval letter in hand from a reputable lender: No sellers are willing to take their house off the market for a buyer who can’t provide a preapproval letter with their initial offer. More than ever, it’s important to get preapproved before seeing homes
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If there were a few thousand more homes for sale in Charleston South Carolina it would make our jobs as Realtors a lot easier! The post-COVID lockdown housing boom is still in full force here with demand as strong as we’ve ever seen. We’re seeing so many local buyers moving up to get more square footage or a waterfront view. And on top of that, we’re seeing an influx of buyers from pricier markets around the country like New York and California who are paying cash and finding Charleston’s increasing home values very affordable compared to where they’re moving from.

It’s hard for buyers to compete against cash offers with no contingencies who are waiving the appraisal. Multiple offers have become the norm, and the most we’ve seen for a single home in

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Last week Charleston set a new MLS record for properties going under contract with 542 properties in one week! This time of year, we typically see a seasonal slow down as families get ready for the start of school. The chart below shows the 2019 dip in home sales (blue line), and you can compare this year’s orange line. Also note the line showing the start of the COVID 19 concern when Charleston home sales dipped before going back up.

2020 charleston housing market

Last week saw a 77% increase in sales over the same week last year (to put this into perspective, this is the largest year over year increase we’ve seen in a single week). Quite simply, Charleston is seeing its best housing market on record despite COVID 19 as buyers are relocating from larger cities, having more

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Home buyers gravitate towards Mount Pleasant when they’re relocating to Charleston and comparing suburbs because of the fantastic public schools, upscale atmosphere, and tons of shopping and entertainment options. Most Mount Pleasant neighborhoods offer amenities like pool and tennis, and these can be harder to find in West Ashley, James Island, or Downtown neighborhoods. I’ve come to specialize in Mount Pleasant real estate during my 15 years in this career because the area sells itself. When I’m driving my clients around giving them a tour, Mt. Pleasant stands out and is usually where they end up buying at this price point.

For buyers looking $500K and higher, Dunes West is consistently a top pick. (Also check out Carolina Park, I’On, and both

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Buying a home in Mount Pleasant priced under $400K has become increasingly difficult in the past few years. Although the inventory in this price bracket has shrunk drastically, there'ss still a huge demand from home buyers who want to live in this hot real estate market with some of the best public schools in Charleston, fantastic shopping, and upscale neighborhoods. If you find yourself sorting through few listings as you search the Charleston MLS, here are some pointers to give you more affordable options to consider:

Condos and Townhouses are the Most Affordable Homes

mt pleasant home priced under 400

As buyers look to lower their maintenance and costs, condos and especially townhouses have become more popular. Mount Pleasant condos generally come with no yards but sometimes

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