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Charleston, South Carolina Update

"REAL Charleston News"

WHAT'S GOING ON IN CHARLESTON... 

Sailing is a great tradition in the Charleston area and the summer season peaks each year with the fabled RockvilleCharleston under sail Regatta, August 5-7. Thirty minutes south of downtown Charleston on Wadmalaw Island, Rockville is a charming, historic village where families have gathered for more than a century for outstanding sailboat competitions. Today, the regatta is as much social as a sporting event, and more than 400 pleasure craft line picturesque Bohicket Creek for the spectacle. Just across from world-class  Kiawah Island and Seabrook Island resorts, Rockville is an ideal diversion.

And for ears that prefer indoor air, the 2007 Classic Concert Series offers chamber music selections at the historic Great Hall inside the Old Exchange at 122 East Bay Street, July 31 and August 28. Presented by the Charleston Chamber Players and Charleston House Concerts, music dating to the 18th century will be performed in period attire inside the same venue where President George Washington was entertained in 1791. Tickets can be purchased at the Old Exchange or by calling 843-727-2165.

Sporting events light up the night in Charleston, as The Charleston Riverdogs take on South Atlantic League baseball competition with a series of theme nights throughout July and August at beautiful Joseph P. Riley, Jr. Park on the Ashley River. Friday night home games are always capped with a dazzling fireworks display from this cozy, family-friendly park. Across the Cooper River, the USL's Charleston Battery hits the pitch throughout July and August for exciting professional soccer at the gorgeous Blackbaud Stadium on Daniel Island. For ticket information, contact www.riverdogs.com or www.charlestonbattery.com

FEATURED CHARLESTON PROPERTIES

To view more Charleston area listings, please visit Charleston Real Estate

 

CHARLESTON OUTDOORS

For the nature-lover, July and August are exceptional for the city's many kayak and adventure tours and rentals.Charleston outdoors Warmer weather brings pristine estuaries and marsh creeks to life with an abundance of great blue herons, red-winged black birds, brown pelicans, glossy ibis, sandwich terns and great egrets. Mudflats seem in constant motion with the millions of fiddler crabs emerging for summer's feeding frenzy.  Most enjoyable are the frolicking antics of dolphin and porpoise pods, which roam waterways thrashing the surface in a variety of leaps and tail slaps. These curious creatures will often surface next to paddlers and will sometimes propel themselves on nearby banks to catch fish in a behavior known as stranding. Sightseeing and eco-tours offer paddlers an impressive array of vantage points to take in Charleston and its surrounding natural areas, from waterfront views back at the city's famed Battery and steepled skyline, to historic Shem Creek shrimpboats and fishing docks and open expanses of spartina salt marsh lined with moss-covered oak trees. Contacts: www.coastalexpeditions.com, , www.barefootislandsports.com

 

CHARLESTON EXPLORER

Across the Cooper River at the Patriots Point Naval & Maritime Museum, the windswept decks of famedexplore Charleston, SC U.S. Navy warships present a stirring spectacle of patriotism, service and valor. The most visible of these is the 900-foot aircraft carrier U.S.S. Yorktown, which served from 1943-1976 and was awarded eleven battle stars in winning the nickname "The Fighting Lady". Flight and hangar decks are crammed with vintage aircraft that served on the Yorktown during World War II, the Korean War and in Vietnam, and there is also a flight simulator on board that allows visitors to take the controls for a mock dogfight and carrier landing. The Yorktown is also home to the newly-renovated Medal of Honor museum, with detailed backgrounds of every recipient of America's highest honor. The massive outdoor museum complex features full access to several other great ships as well, including the destroyer escort U.S.S. Laffey, which survived five kamikaze hits during the battle of Okinawa, as well as the U.S.S. Clamagore, one of the Navy's first "thick skin" diesel submarines capable of reaching depths of more than 300 meters. In addition, there's a life-size Vietnam-era Naval Support Base, featuring attack helicopters and river patrol boats. For information, contact www.patriotspoint.org

CHARLESTON TRIVIA

Hampton Park in the Northwest section of the city has been, over the years, a horse-racing track, a Civil War prison camp, and a fantasy city. Today's circular drive around banks of azaleas and moss-covered oaks follows the path of the old Washington Race Course, laid out for horse-racing in the 1790's.  In 1864, hundreds of Union prisoners were brought here from Georgia when Sherman threatened Confederate prison camps, and soldiers live in tents or in the open meadows.  By 1901, these grounds were converted into a landscape of elaborate white buildings known as the "Ivory City" for the Interstate and West Indian Exposition, an international showcase of regional culture and history intended to draw business to Charleston. The Exposition was a financial failure and the Ivory City was torn down a few years later, leaving a reflecting pond and sunken gardens that became the center piece for a city park named opened in 1903 and named for former governor and Confederate hero Wade Hampton. (The Cotton Palace - Copyright Special Collections, College of Charleston Library)

 

CHARLESTON ARCHITECTURE - Featured home: Aiken Rhett House

 The Aiken-Rhett House at 48 Elizabeth Street is a 23-room mansion built in 1818 and remodeled lavishly in the Italianate style by William Aiken, governor of South Carolina in 1844-46. The design was influenced by Italian villas the governor had seen on frequent trips to Europe, with extended wings creating a "piazza" or square for which city porches became known. The house is distinguished by an elaborate marble and iron-railed double stair entrance supported by Doric columns, leading to exquisite ballrooms upstairs where many of the fine furnishing and artwork collected by Aiken is still on display. It was here that Confederate President Jefferson Davis was entertained during the Civil War, and was briefly headquarters for Confederate defenders of the city. Inherited by the Rhett family, it was donated to the Charleston museum and is open to the public.  Find out more about Charleston's most famous addresses... 
 

 

Charleston Real Estate Update - It's good to know the facts.

Median Home Price Rises Over June 2006
Date: 7/10/2007

Charleston, S.C.(July 10, 2007) –– The median price of a home purchased in the lowcountry in June of this year increased by 8% to $224,950, rising over June 2006’s median price of $208,304.  This increase signaled a modest gain over last month’s median price that had decreased slightly below the May 2006 median by 1% (to $209,945), according to the Charleston Trident Association of REALTORS®.

MLS President Kathy Rawers indicates that the market is ripe for buyers. “Real estate in our area is a good investment, especially over the long-term. The current market is much better for buyers than it was in 2005 or 2006, when you had to decide sometimes in a matter of hours, whether or not to buy a certain home.”

There were 1187 units sold in June 2007, down from 1456 units in June 2006. Homes spent an average of 88 days on the market before being sold; a slight improvement over May 2007’s average of 94 days.

 

 *1/1-6/30

2002*

2003*

2004*

2005*

2006*

2007*

Units sold

4683

5406

6774

8910

8861

6695

Avg. Days-on-Market

147

146

86

68

63

94

Median Price

$153,500

$160,000

$175,000

$181,309

$204,000

$210,000

 

Sold - May, June to July 24th Total Avg List $ Avg Sold $ Avg DOM %SP/LP
Downtown Charleston - South of Crosstown - All Sales 105 $1,216,703 $1,149,937 125 94.51%
Downtown Charleston - South of Crosstown - Single Family 54 $1,691,000 $1,600,377 121 94.64%
Mount Pleasant North of  Hwy 41  - Single Family 89 $497,490 $481,664 109 96.82%
Mount Pleasant South of Hwy 41 - Single Family 222 $505,631 $486,046 96 96.13%
James Island - Single Family 133 $334,884 $413,842 95 96.33%
Kiawah Island/ Seabrook Island - All sales - both islands combined 46 $797,122 $752,152 121 94.36%
Isle of Palms - Single Family 15 $1,669,960 $1,561,950 223 93.53%
Daniel Island - All sales 92 $626,199 $608,338 124 97.15%
Daniel Island - Single Family 32 $922,166 $875,197 149 94.91%
Sullivan's Island 11 $2,951,250 $2,675,438 277 90.65%

We would like to hear from you!  If you have questions about a topic in this newsletter, Charleston SC or property in the tri-country area, please email or call me. 

Charleston Real Estate
843-568-0595
www.CharlestonAddress.com
www.Locountry.com

 

Charleston Real Estate News Archives

Summer 2006, Spring 2007, May 2007, Summer 2007, Early Fall 2007, Fall 2007

Downtown Charleston, West Ashley, Johns Island, James Island, Kiawah Island, Seabrook Island, Sullivan's Island, Isle of Palms (Wild Dunes), Edisto Island, Folly Beach, Mount Pleasant, Wadmalaw Island and Daniel Island

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Charleston, South Carolina Photographs - scenic imagery courtesy of Dana Elliott, Captain Oblivious and DCVoyager