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SCSold.com Market Update – August

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The Dog Days of August are here! The Full Monty is playing at the Queen St Playhouse on several dates in August.  There’s always good jazz at the Forte Lounge downtown.  And beer is everywhere.

Looking To Buy In The Summerville SC Area


August calendar of events around the Charleston, SC area:

5: Alva Anderson, Forte Lounge
5: Judy Collins, Chas Music Hall
5: Reggae Summer Nights, James Island County Park
6: WWE Saturday Night’s Main Event, N Chas Coliseum
6: Pickers Hullabaloo Flea Market, Firefly Distillery
9: John Hiatt, Chas Music Hall
11: Daryl Hall w/Todd Rundgren, N Chas PAC
13: Chris Isaak, Riviera Theater
14: Second Sunday on King Street
14: Michael Buble, N Chas Coliseum
14: Weird Al Yankovic, Gaillard
18: Kurtis Conner Live, N Chas PAC
19: Beer from Here, SC Aquarium
19: Surf Films, Chas Music Hall
20: Christopher Cross, Riviera Theater
20: Dancing on the Cooper, Mt P Pier
20: The Music of Chick Corea, Chas Music Hall
21: Sunday Garten Market, Bay Street Biergarten
22: Trombone Shorty, Chas Music Hall
24: Jamie Slater Jazz Trio, Gibbes Museum
25: Lady A, Gaillard
27: Pop Up Market, Firefly Distillery
27: SC Reggae Jerk Wine Festival, Brittle Bank Park
28: Thundercat, Chas Music Hall
28: Charleston’s O Happy Day Gospel Music Concert, Circular Congregational Church
31: The Play that Goes Wrong, Dock Street Theatre

Search For Mount Pleasant SC Homes For Sale


MLS Reported Closed, Traditional Sales, Previously owned,

Residential By The Numbers:

YOY inventory increased 33%. 

The Average sales price fell 8% from $411,000 in June to $377,900 in July.

MOM closed sales fell by 23% .

List Price to Sales Price percentage fell from 101.2 % in May to 99.2% in July. 

What does it all mean? The market is losing a little steam. None of us expect an all out collapse or a major increase in interest rates for the remainder of the year. Homes will still appreciate,and rates will hover below the 6% highwater mark for the remainder of the year.

Household spending during an inflationary period will be the driving force behind affordability more so than rates. Increased costs of fuel & food should impact prospective first-time homeowners and move-up buyers as they weigh the cost of home ownership.  

Overall the local market is still a sound investment. Those hardest hit consumers under the $300,000 range may see some relief as the market segment starts to rebound and price adjustments have become more common during the past 30 days. 

If you would like an in-depth conversation about your neighborhood or home value, please contact one of us here

Looking To Buy In The Summerville SC Area

Charleston Area Economy News

Charleston’s economy is still strong with no signs of letting up in the near future. New businesses, manufacturers, and developers continue to find the area attractive. With the new ventures come more people. Here are a few of the larger announcements this month. 

SHL Medical, a world-leading provider of drug delivery solutions, announced plans to establish operations in Charleston County. The company’s initial $90 million investment will create an estimated 165 new jobs.  Headquartered in Switzerland, SHL Medical designs, develops and manufactures drug delivery solutions for pharmaceutical and biotechnology companies around the world. 

RangeWater Real Estate closed on 17 acres at Bees Ferry Road and Bluewater Way in Charleston’s West Ashley community.  The multifamily developer is planning an all three-bedroom, two-bath community of townhomes called Bellerose at Bees Ferry. 

Capital Square and Method Co. observed the beginning of construction on Roost Apartment Hotel at 529 King St. in Charleston. The $61 million project designed by Morris Adjmi Architects


If You’re Looking To Buy, Sell Or Invest In Real Estate,

Charleston-Mount Pleasant-Daniel Island-West Ashley-James Island-Isle of Palms-Sullivan’s Island 
Keller Williams Charleston/West Ashley 

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