JUST LISTED: True 5-Bedroom Home on Private Lot in Carolina Park

This AWESOME 5-bedroom, 3-bathroom modern home was built on a PREMIUM, PRIVATE lot that backs to a wooded area. Short stroll to brand new elementary school and to community amenities. 

Open plan, laminate hardwood floors, granite counters, stainless steel appliances etc.

What's best: You can MOVE RIGHT IN! No need to wait 7-8 months build time!!

Showings: 843-900-0155

Pictures & More Details

496-200 Bramson Ct., Mount Pleasant SC 29464

Top 3 Myths About Today’s Real Estate Market

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.

Today, we want to try and clear the air by shedding some light on what’s causing some of these headlines, as well as what’s truly going on.

Myth #1: We Are Headed for Another Housing Bubble

Home prices have appreciated year-over-year for the last 76 straight months. Many areas of the country are at or near their peak prices achieved before the last housing bubble burst. This has many worried that we are headed towards another housing bubble.

Reality: The biggest challenge facing today’s real estate market is a lack of homes for sale! Demand is strong, as many renters have come off the fence and are searching for their dream homes.

Historically, a normal market requires a 6-month supply of inventory in order for prices to rise with the rate of inflation. According to the National Association of Realtors (NAR) there is currently a 4.3-month supply of inventory.

The US housing market hasn’t had 6-months inventory since August 2012! The concept of supply and demand is what is driving home prices up!

Myth #2: The Rumored Recession Will Lead to Another Housing Market Crash

Economists and analysts know that the country has experienced economic growth for almost a decade. When this happens, they also know that a recession can’t be too far off. But what is a recession?

Merriam-Webster defines a recession as “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two consecutive quarters.”

Reality: Recession DOES NOT equal housing crisis. Many people associate these two terms with one another because the last time we had a recession it was caused by a housing crisis. According to the Federal Reserve, over the last 40 years, there have been six recessions. In each of the previous five recessions, home values appreciated.

Myth #3: There is an Affordability Crisis Looming

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.

There are many different affordability indexes supported by different organizations that all measure different data. For this reason, there is a lot of confusion about what “affordable” actually means.

The monthly cost of a home is determined by the home’s price and the interest rate on the mortgage used to purchase it. According to Freddie Mac, interest rates have risen from 3.95% in January to 4.59% just last week.

Reality: As we mentioned earlier, home prices have appreciated year-over-year for the last 76 months, largely driven by high demand and low supply.

According to a recent study by Zillow, the percentage of median income necessary to buy a home in today’s market (17.1%) is well below the mark reached in 1985 – 2000 (21%), as well as the mark reached in 2006 (25.4)! Interest rates would have to increase to 6% before buying a home would be less affordable than historical norms.

The starter-home market has appreciated at higher levels (9.4% year-over-year) than any other market. One reason for this is the fact that many of the first-time buyers who have flocked to the starter-home market are being met with high competition. For some hopeful buyers, it may take more than a good offer to stand out from the crowd!

Bottom Line

There is a lot of confusion in today’s real estate market. If your future plans include buying or selling, make sure you have a trusted advisor and market expert by your side to help guide you to the best decision for you and your family.

Call/text 843-900-0155 to get started in your real estate quest!

Charleston Real Estate Market Update: Still Booming!

Charleston Real Estate Market Update: Still Booming!

The Charleston real estate market is one of the best in the country right now.  Buying activity is at record levels (see closed sales graph below).

Transactions are up year to date 19.4% over the same time period in 2014. We will probably see North of 14,000 home sold this year, the biggest number we've seen since 2007. This is not surprising, given all the good publicity and the repeated accolades that Charleston has received, the job growth in the area and the attractiveness of our charming, coastal, restaurant-rich city.   

• Boeing is getting bigger and bigger. 
• Bennett Hospitality has announced a $101M hotel project for Marion Square that could add 350 jobs. 
• Alaska Airlines is starting to offer non-stop flights between Charleston and Seattle. 
• Volvo has announced that they are building their first North American manufacturing plant in Berkeley County, which will employ 4,000 people.

                                      

We are so lucky to live here.   Our median home price is at an all-time record of $225,000.  But then again, prices per square foot have not fully recovered from the downturn.  According to our regression analysis (see our blog post from May 29th, 2015), our current prices are still below the trend line, so we are still undervalued and have lots of room for more appreciation.

Interested in buying, selling or investing in real estate in Charleston, SC? Call us on 843-900-0155. 

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Bright & Airy 4 Bedroom Home in Arlington at Park West!

2115 Adover Way, Mount Pleasant, SC 29466

Bright and airy? Check!

Open floor plan? Check!

Pond lot? Check!

Mature landscaping? Check!

Master down? Check!

Move-in condition? Check!

FROG? Check!


This excellent home for sale in Arlington at Park West is ready for you!  Take the visual tour.

One and a half story Mt. Pleasant home has 3 bedrooms downstairs plus a finished bonus room with built-ins that could be your 4th bedroom or a play/media room!  (Mt. Pleasant homes for sale with a FROG).

Enter into the foyer that connects to the formal dining room (currently being used as an office), and the spacious family room with vaulted ceilings and large windows with pond views, (Mt. Pleasant homes for sale on a pond/lake).  The bright family room has a fireplace and opens to the kitchen with a sit-in counter and an an eat-in area. The open floor plan and abundant natural light feels roomy and enticing!  The large master bedroom is on the first floor and has a ceiling fan, a walk-in closet, and a master bathroom with double sinks and separate tub/shower.  Wake up to  the sound of birdlife and pond views!  Down the hall there are 2 additional bedrooms plus a full bath.  The laundry room and 2-car garage complete the first floor of this Mt. Pleasant home for sale. Sliding glass doors take you from the kitchen to the back patio with a nice sized back yard and lake views!  

New paint throughout the main living areas, new ceramic tile in the kitchen and updated stainless steel appliances!

Highly sought after schools.  Park West offers fantastic amenities including swimming pools, tennis courts and walking trails within walking distance. Easy access to schools, supermarkets, shops and places of worship.

CALL TO ARRANGE A SHOWING TODAY!!! 843-900-0155  This is a fantastic buyer opportunity in the Mt. Pleasant real estate market!

Video Slideshow.   MLS# 1417651

TOP Mount Pleasant SC Real Estate Team Sells Another Waterfront Lot!

The Alan Donald Real Estate Team Sells Another Waterfront Lot in Mount Pleasant, SC

The Alan Donald Real Estate Team at Keller Williams Realty closed another sale for out-of-town buyers in the Park West subdivision.  The Alan Donald Real Estate Team is a top sales team in the Mount Pleasant real estate market, where they are well known for their specialized services for out-of-town buyers moving to the Charleston, SC area.

Mount Pleasant, SC, March 5, 2014. --(PR.com)-- Using their knowledge of the area, thorough communication skills, professional experience and established systems, the Alan Donald Real Estate Team has been able to successfully conclude the sale of 2124 Beckenham Drive in Park West. Park West is a large planned subdivision in Mount Pleasant, SC, that features a variety of residential townhomes, condominiums, single family homes, luxury waterfront homes and residential lots. For an estimate of the current market value of any home in Park West visit: www.MountPleasantHomeValues.info.

“Our team invests a substantial amount of time working with out-of-town buyers, retirees (mostly from Northern states) and buyers relocating for work. Initially we provide them with local area market knowledge and neighborhood information to supplement (and put in perspective) the abundant information available online. Once we have found the right property, we assist them in negotiating favorable terms, and help them complete the real estate transaction successfully, using a team of local, trusted and professional service providers” said Alan Donald, CEO of The Alan Donald Real Estate Team. The sale of 2124 Beckenham Drive in Park West adds to the team’s track record as a top sales team in the Mount Pleasant, SC real estate market.

The Alan Donald Real Estate Team performs an initial Buyer Consultation to get know the needs, requirements, parameters and restrictions of the clients. “We really want to  understand our clients’ motivations, personalities, lifestyle and hobbies, so we can help them narrow down their search to specific areas of interest, and provide them with viable options that will fit” said Meghan Bowes, the team’s Marketing Manager.

The waterfront lot at 2124 Beckenham was purchased by a couple from Baltimore, MD, who had originally purchased a condo in Downtown Charleston for their daughter (who attends the College of Charleston) and loved the area so much that they decided to move permanently here. The original list price for the 0.60-acre waterfront lot was $294,900 and the sale closed in 22 days at $270,000, an excellent price for a waterfront lot in the hot Mount Pleasant, SC real estate market. The transaction ran smoothly thanks to the team’s experience, preparation, market knowledge and state-of-the-art systems.  The buyers intend to build their dream waterfront, custom-built home on this lot.

Many out-of-town buyers don’t have the luxury or time to constantly travel to and from Charleston when relocating to the area.  The Alan Donald Real Estate Team is comprised of skilled real estate professionals who specialize in working with out-of-town buyers and have unique systems that help them purchase a home in a seamless fashion. The team is focused on delivering results to their clients.

“Working as a team we are able to easily help our clients become familiar with the area, get the most for their money and feel confident throughout the entire home buying process. We use technology to streamline the process of signing, reviewing and receiving documents and we really work to make the process as easy as possible for our out-of-town clients,” said Alan Donald. The team uses e-signatures, Facetime, Evernote and other online and mobile apps to show properties to out-of-town clients and complete transactions without them having to be present in person, so their clients are always informed and never miss out on any market opportunities in the competitive Mount Pleasant, SC real estate market. 

The Alan Donald Real Estate Team provides local & national market knowledge, real estate news, client testimonials, buyer and seller tips on their blog (www.BuyHomesInCharleston.com/blog), as well as on their Facebook, Pinterest and LinkedIn pages and on their YouTube Channel (www.Youtube.com/HomesByAlanDonald).

Homebuyers looking to purchase a home in Mount Pleasant, SC area can request a free, no-obligation Home Buying Consultation by calling 843-900-0155. For an estimate of the current market value of a home in Mount Pleasant visit: www.MountPleasantHomeValues.info.

Contact Information:
The Alan Donald Real Estate Team
ph. 843-900-0155 
www.BuyHomesInCharleston.com
Keller Williams Realty
496 Bramson Ct., Suite 200, Mount Pleasant, SC 29464

Newly Renovated 5 BR Home in I'On! 55 Sanibel St.

MLS# 1329964 Charleston & Mt. Pleasant Homes For Sale (843) 900-0155

           

• $1,085,000
  No Recent Price Change
• 55 Sanibel St
  Mount Pleasant, SC 29464

Gorgeous home fore sale in the I'On subdivision in Mt. Pleasant, SC!  This recently renovated 5-bedroom home in the sought after I'On neighborhood has it all. Newly painted inside and out with 10' ceilings, heart pine flooring on all 3 levels and top-of-the-line everything; you can simply move right in!

Enter this Mt. Pleasant home and step into the gracious foyer opens onto a large, sunny formal living room with fireplace and adjacent formal dining area. Towards the rear of the home is a fabulous chef's kitchen with breakfast nook and a wonderful, spacious family room, featuring a second fireplace, as well as access to the screened-in porch.  Outside there's a courtyard with yet another fireplace and still plenty of room to add a pool, fountain or playhouse as well as a two-car garage.

Upstairs you'll find the master bedroom and the stunning, just finished, new master bath suite with marble counters, enormous shower and stand-alone soaking tub. An oversized walk-in closet, formerly a little used screened-in porch, offers plenty of storage. Two more bedrooms with a shared bath are also on this level as is the laundry room. On the third floor is a playroom or media room and two more bedrooms, with a shared bath. The home also features newly installed cement siding on entire exterior (low maintenance feature), irrigation system, metal roof and fenced-in back yard.

Enjoy all that I'On in Mt. Pleasant has to offer, including restaurants and shops, walking trails, play parks, the rookery and the many activities offered at the members' club house with its three pools, seven clay tennis courts and dining facilities.

Want more information on 55 Sanibel St.?  Click here or call 843-900-0155.

If you are interested in buying a home in Mt Pleasant, SC?  Need to sell your current home first?  

Call LISTING EXPERTS! 843-900-0155 

Spacious 4 BR Home in Summer Park! 115 McGrady Dr. Ladson, SC 29456

You can have the perfect home NOW! You may even pay LESS than renting!!

115 Mcgrady Dr. Ladson, SC 29456

MLS# 1400316

As you walk into this spacious home you will notice the open living room communicating with the family room, eat-in area and kitchen. Walk outside to the fenced backyard where you can enjoy a BBQ or play sports with your family or friends. Plenty of room on the first floor, including a bedroom that can be used for office or as a guest bedroom with its own walk-in closet. The laundry room connects with a 2-car garage. Upstairs you will immediately notice that all the bedrooms are roomy and bright. The master bedroom has a walk-in closet and vaulted ceilings, plus a master bathroom with dual sinks and separate tub and shower. Two additional bedrooms and a full bathroom make this a very convenient home. This is NOT a short sale or foreclosure, so sellers can close quickly. Original owners who have cared well for this home - you will not be disappointed! A short drive to Boeing, Charleston AFB, Naval Weapons Station and Robert Bosch, as well as to shopping at Northwoods Mall, restaurants, entertainment and places of worship.

View Listing Details

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Call us for more information or to schedule a showing! 843-900-0155
Need to sell your home first?  Get the a FREE home value estimate here!