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SCSold.com Market Update – February

Keller Williams Charleston West Ashley





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West Ashley     Charleston Below The Crosstown      Summerville     
Wando      Daniel Island      Charleston       Mount Pleasant


February is here and hopefully the last month of cold temps!  The Southeastern Wildlife Expo, Feb 17-20, is one of Charleston’s premier events.  The dock diving dog show is a must.  And of course, there are multiple Valentine’s Day opportunities…  Stayin’ Alive is a disco-infused musical comedy at 34 West Theater and will be here for almost the entire month on Thursdays-Saturdays.  The Stingrays Hockey Team will be at the N Chas Coliseum on Feb 11,12,15,26,27.

Looking To Buy In The Summerville SC Area


February calendar of events around the Charleston, SC area:

2: Alan Parsons Live Project, Chas Music Hall
4: Whitney Cummings, Chas Music Hall
4-6: Cats, N Chas PAC
4-5: PBR (Professional Bull Riders), N Chas Coliseum
5: Save the Light Half Marathon and 5k, Folly Beach
5: Oysters on the Point with Empire Strikes Brass, Charleston Harbor Resort
5: Sweetgrass Basket Weaving Workshop, Chas Museum
6: 38th Annual Lowcountry Oyster Festival, Boone Hall
9: Bridgerton Comes to Charleston, Gibbes Museum of Art
10: Neil deGrasse Tyson, Gaillard Center
11: Tom Petty Bluegrass Tribute, Chas Music Hall
11: Society 1858 Winter Party, Gibbes
11: Black Violin, Gaillard
11: Clint Black, N Chas PAC
12-19: Charleston Challenge Cup Soccer, Patriots Point
12: Firefly Distillery Oyster Roast, Firefly Distillery
12: 5th Annual Onesie Bar Crawl, downtown Charleston
12: Edwin McCain, Chas Music Hall
12: Cupid’s Chase 5k, Charleston downtown
12: Wine and Chocolate Stroll, Magnolia Plantation
12: Pup Bowl V, Mt P Towne Centre
14: Pat Metheny, Chas Music Hall
15-16: Alvin Ailey American Dance Theater, Gaillard
17: Rick Springfield, N Chas PAC
17-20: Southeastern Wildlife Expo
18: Art Walk, Freshfields Kiawah
19: Kenny Wayne Shepherd, Chas Music Hall
19: Cupid’s Undie Run, Loggerheads Folly Beach
22: Donavon Frankenreiter, Pour House James Island
25: Oysterfest, SC Aquarium
26: Camille Thurman, Chas Music Hall
27: Joe Bonamassa, Gaillard

Search For Mount Pleasant SC Homes For Sale


A look at Charleston’s economy:

The Charleston economy is doing great.   Allegiance Flag Supply, a producer of high-quality American flags, announced plans to expand operations in Charleston County.  The company’s $1.2 million investment will create 25 new jobs.  Two of the nearly dozen airlines serving Charleston will launch new nonstop routes next year to large metropolitan areas in the Midwest and Northeast.  Dallas-based Southwest will offer seasonal flights on Saturday only starting June 11 to Kansas City and St. Louis, while JetBlue Airways will begin service up to three times a day starting June 9 to LaGuardia Airport in its home base of New York City.  DHI Corp (Design House), a home goods provider, announced plans to establish operations in Berkeley County. The $627,000 investment will create 40 new jobs.   New York-based buyout giant KKR & Co. of ‘Barbarians at the Gate’ fame recently closed on a 1M sqft distribution center at the Charleston Trade Center in Summerville, paying $109M to acquire the property.  It is believed to be the highest price on record for a single industrial structure in the tri-county area.  And the College of Charleston has announced they will be offering an Electrical Engineering Degree.

Looking To Buy In The Summerville SC Area

Of course, our real estate market is doing fantastic.  2021 was a record year and 2022 looks like more of the same.  We ended 2021 with a 10.1% increase in transactions over the record set in 2020.  We went from 21k transactions in 2020 to 23k transactions in 2021.  And median sales price took the largest one-year jump ever.  We had a 16% gain in median sales price in 2021 versus 2020.  We went from $306k in 2020 to $355k in 2021.  Part of Mt Pleasant and part of Summerville saw more than a 20% gain in median sales price.  And inventory continues to drop.  We now have less than 1200 active listings.  Only 635 active listings in the tri-county area are listed for less than $1M. 


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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