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Charleston, SC Real Estate Update

"REAL Charleston News - Spring/Summer 2009"

WHAT'S GOING ON IN CHARLESTON... 

 Spring time is flower time in Charleston, as the city and surrounding area flourishes with the vibrant colors of azaleas, camellias, fringe trees, iris, red bud, blue bells, anemones and Jessamine. The charming town of Summerville presents its annual Flowertown Festival, April 3-5, with more than 200 guest artisans and gardens bursting with blooms. The family-oriented event features displays of arts and crafts in a pedestrian atmosphere amid grand gardens that date to the 19th century. For information call 843-871-9622.

Breathtaking Charleston views are just that in the annual Cooper River Bridge Run on April 4th. The 10-K road race is one of the most prestigious in the country, and attracts more than 30,000 participants each year for the mesmerizing course across the stunning Arthur D. Ravenel, Jr. bridge. Walkers are also invited to participate and enjoy the dazzling views from atop the 150-foot high roadway overlooking the city and Charleston Harbor. Pre-registration is required, call 843-937-4183, or go online at www.bridgerun.com.

Join in the celebration of Charleston’s 339th birthday at the Founder’s Day Festival, April 11th at Charles Towne Landing State Historic Site. The full-day event will include reenactors in the replicated colonial settlement, firing of black powder cannon and muskets, and the chance to board a reproduction 17th century sailing vessel. The original colony of Carolina was located at this site back in 1670, and today’s park includes an animal forest of indigenous creatures that those settlers would have encountered. For ticket information call 843-852-4200 or go online at www.CharlestowneLanding.Travel.

World-class tennis is centerpiece of the exciting Family Circle Cup on Daniel Island, April 11-19, featuring top women’s professionals from around the world. More than $1 million in prize money is at stake for an all-star event that has showcased a fabulous line up of past champions, including Steffi Graf, Martina Hingis, Jennifer Capriati and Serena Williams. Center court in the state-of-the-art, 10,200-seat Family Circle Magazine Stadium is an incomparable sporting experience. For ticket information call toll free at 800=677-2293, or go online at www.familycirclecup.com.

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For a classic taste of a coastal fishing village tradition, try the Blessing of the Fleet and Seafood Festival, April 26th and Alhambra Hall Park in Mount Pleasant. The event includes seafood dishes from more than 11 local seafood restaurants and live music for the whole family. The highlight of the festival is the parade of passing shrimp trawlers as they are blessed by local clergy in hopes of a successful catching season. For more information, call 843-849-2061.


Charleston’s heralded Spoleto Festival USA opens its 33rd consecutive season with 17 days and nights of music, theater and visual arts at intriguing venues throughout the city, May 22nd – June 7th. This acclaimed ensemble of renowned and emerging artists includes chamber music, opera, dance, symphonic, choral and jazz music, capped by a dazzling fireworks and outdoor orchestral performance at historic Middleton Place Gardens. For ticket information, call 843-579-3100, or go online at www.spoletousa.org.

 

 

CHARLESTON OUTDOORS - Francis Beidler Forest

You may not believe the swamp is a beautiful place – until a visit to Francis Beidler Forest 35 miles from the city near Harleyville. A 1.75 boardwalk hiking trail takes visitors deep into the heart of one of America’s oldest stands of virgin bald cypress, with hundreds of giant trees more than 1,000 years old. Under the towering cypress canopy, the sparkling fresh waters of Four Hole Swamp create a life source for countless visible species, including deer, turtles, crayfish, woodpeckers, alligators and songbirds. More than 15,000 pristine acres also includes high ground with flourishing ferns and wildflowers, as well as a canoe trail for paddlers. The forest visitor center features maps, wildlife and arboreal displays, as well as information on regular guided tours that include bird-watching, night walks and “swamp stomps” into the watery realm. The Francis Beidler swamp area serves as a natural filtration system for Charleston’s watershed, its waters developing a tea-like color from tannins absorbed from fallen leaves. Although known as “black water”, it is some of the cleanest and purest water in the world, and a century ago was highly-favored by moonshiners hiding in the swamp. For information and directions, call 843-462-2150 or go online at www.scaudubon.org/centers.

CHARLESTON EXPLORER - Francis Marion

One of the area’s most uniquely amazing experiences is the chance to see the Confederate submarine H.L. Hunley up close at the Warren Lasch Conservation Center in North Charleston. The famed Hunley embarked on the first successful submarine attack in history, sinking the federal blockading vessel Housatonic on February 17, 1864, and did not surface again until recovered intact on August 8, 2000. The cause of the Hunley’s disappearance was a mystery, but the submarine that was considered lost remained incredibly well-preserved beneath layers of mud four miles from Charleston Harbor, and today, scientists are unlocking its secrets are in the massive conservation tank where the vessel is clearly visible. The Hunley is a visual marvel far ahead of its time, with tapered bows, dive planes, dead lights and conning towers looming like a craft from science fiction. The center also features artifact displays from the submarine and its famous crew, as well as state-of-the-art simulation of the heralded Civil War attack. Tours are available on weekends only, and all proceeds go to conservation of the vessel. For information, directions and schedules, call 843-743-4865 or go online at www.hunley.org.

CHARLESTON ARCHITECTURE -  John Rutledge House

One of Charleston’s finest structures represents a combination of architectural designs and skills, as well as a healthy dose of good luck. The John Rutledge house on Broad Street was built in 1763 in a Georgian style with Greek Revival detail by the man who would become South Carolina’s first governor. A later owner remodeled the house in 1853, adding elaborate terra cotta window cornices and its notable balcony, step rails and fence created by famed Charleston iron smith Christopher Werner. Parts of the work are fashioned by hand, while others are cast, and include details emblems of the state tree, the Palmetto, and the American eagle. Further remodeling in 1885 featured eight Italian marble mantels and parquet flooring fashioned after European palaces that took eight years to complete. The fact that all this finery exists today involves luck in two separate eras. During the Civil War, Charleston’s great fire of 1861 swept dangerously close to the house, engulfing the St. Andrews Society Hall next door. In 1961, the Gaud School for boys moved in with a fusillade of youngsters’ pranks, graffiti and spitballs, but the grand interior endured. Today, the structure is home to the Rutledge House Inn. Find out more about Charleston's most famous addresses... 

Real Estate Update - March 2009

CHARLESTON, SC—(March 10, 2009) The tri-county residential real estate market remained stable month-to-month, with 363 sales closing in the month of February—a variable dip from January’s 372 closings. The median sale price for the region rebounded from January’s low, climbing 4%, to $183,180.

Year-over-year statistics continued to show a slower pace of sales, with 43% less sales compared with February 2008’s 636 closed transactions, and an 8% decrease in the region’s median sale price, which sat at $200,000 a year ago.

The number of potential buyers continued to rise and showed the fifth consecutive month of increased showings—a total of 18,212 for the month.

There are 10,051 homes currently listed for sale with the Charleston Trident Multiple Listing Service.


 

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