It’s hard to imagine, but half the year is over and July is upon us. July and August are our hottest months and a great time to enjoy the beach! Get ready for firework displays all over town on July 4 and good music coming to town this month. The Riverdogs are finishing up their last few games, but there's still plenty of things to do around town... Click on the events for links to more info, scoll down for a little insight into the real estate market this summer!
The real estate market in Charleston is booming and 2017 will likely be the busiest year we’ve ever had. 2016 was the 2nd busiest year ever by only a few transactions, and 2017 year to date is up 8.9% over 2016. Median sales price is also up 4.4% to an all time high of $250k. The economy is roaring along with only about 3.1% unemployment.
Boeing is doing quite well here and Volvo is building a new plant west of Goose Creek. Of course, BMW in Greenville has meant a lot to our port here in Charleston. The Charleston Business Journal recently described the BMW/Port experience: Riding over the Ravenel Bridge the rows of shiny new autos are amazing. 700-1000 cars are unloaded each day from trains to the parking area, freeing the train to return to Greer to re-up. 5 BMW cars are loaded per hour onto a waiting cargo ship by 16 drivers each shift, six days a week. When Volvo’s Berkeley plant is up and running, they expect to ship out 30,000 vehicles of the 65,000 manufactured in 2018 through the port.
Charleston has also become a favorite for tech startups... we have spots all over town where these young people are working on the next hot technology. Charleston is now known internationally as Silicon Harbor! Getting voted #1 city in the World about 4 times in a row has drawn a lot of attention our way and we are no longer a hidden gem. Charleston is in the spotlight.
Author:Lindsey Parent Phone: 843-732-0350 Dated: June 29th 2017 Views: 97 About Lindsey: ...