mt pleasant business association matt deantonio_2015
TRANSCRIPT
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Charleston Real Estate Market Update – 2014 Year in Review – 2015 Forecast
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
The Voice of Lowcountry Real Estate The Charleston Trident Associa1on of REALTORS® has served as the “Voice of Real Estate” in the Lowcountry region of South Carolina for more than 100 years, issuing sta1s1cal analysis of market condi1ons, offering legisla1ve support to its members and the industry at large and serving as the premier resource for all things real estate in the tri-‐county and outlying areas.
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Why use a REALTOR®?
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
2014: A year of
GROWTH CONFIDENCE SUCCESS
Economic Growth -‐ Globally -‐ Statewide + locally
Consumer Confidence: UP!
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Top Performing Areas in 2014: • Kiawah + Seabrook 32% sales growth • Wando/Cainhoy 31% sales growth • Goose Creek/Moncks Corner 20% sales growth • James Island 17% sales growth
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
• Sales of single family homes increased 17%
• Condo/townhouse sales remained rela1vely constant
• Distressed sales have declined by half since 2012
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Top Performing Areas in 2014: • Downtown Charleston 26% growth • Upper Charleston Peninsula 21% growth • Folly Beach 20% growth • Wando/Cainhoy 17% growth
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
• 4.9% over 2013 regionally
• 15% growth since 2010, appropriate pricing recovery
• Charleston County leads price growth, 17% since 2010!
• 8% growth in 2013, 5% is much more sustainable
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Changes in inventory 2014: • Johns Island 17% inventory increase • Wando/Cainhoy 8.5% inventory increase • Folly Beach -‐ 32% inventory decrease • Upper Charleston Peninsula -‐ 41% inventory decrease
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Closed Sales | January-‐March
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Median Sale Price| January-‐March
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Inventory
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Inventory • Needs to increase
• Cannot restrict smart development
• Mt. Pleasant: 3.4 months of inventory
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Outlook for 2015
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
2015 Sales Forecast
Source: Resh Marketing, Dr. Joey VonNessen
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
“If you liked 2014, you are REALLY going to like 2015” -‐ Dr. Joey Von Nessen
Economist at CTAR’s Annual Market Update (Jan 2015)
Charleston Trident Association of REALTORS® The voice of Lowcountry real estate for more than 100 years
Facebook.com/CharlestonRealtors
@ChasRealtors CharlestonRealtors.com
Thank You!
[email protected] @MaWDeAntonio
Find monthly market reports online,
CharlestonRealtors.com/MarketReports