Charleston Calendar & Real Estate update!
May is almost here and the weather is beautiful. April seemed like March with cool temps and high winds. The Bridge Run had a great day and usual big crowd for the race but was windy like the rest of the month. Despite the wind, I set a PR for the 10k as a 50something! (Pro tip: only run a 10k every ten years and you always set a PR! LOL)
May is a time for garden tours, the blessing of the fleet and the beginning of the 2-week Spoleto Festival.
Here is your May calendar of events:
2-6: City of North Charleston’s Arts Festival
2: Wine Down Wednesday, Old Town Creek Park
3: Little Big Town, N Chas Coliseum
3: Steve Earle, Chas Music Hall
4: Art Walk, downtown Chas
4: Yanni, N Chas PAC
4: Trae Crowder – the Liberal Redneck, Chas Music Hall
5: 11th Annual Dragon Boat Festival, Ashley River
5: Lowcountry Shrimp Festival and Blessing of the Fleet, McClellanville
5: Race the Helix, Wannamaker Park
10: Hops and Vines, McLeod Plantation
11-13: Charleston Greek Festival, Greek Orthodox Church Race Street
13: Mother’s Day and 2nd Sunday on King Street
15: James Taylor, N Chas Coliseum
17: Quirks and Queries of the Joseph Manigault House
22-26: The Atlantic Cup Boat Race, City Marina
24: Hops and Vines, McLeod Plantation
25-June 10: Spoleto Festival USA and Piccolo Spoleto Festival, spoletousa.org
25: Summer Brooke and the Mountain Faith Band, Chas Music Hall
26: Lowcountry Splash – Charleston Harbor Open Swim Race
26: The Sweetgrass Basket Weaving Workshop
26: Taste of Gullah, Mt Pleasant Waterfront Park
29: David Crosby, Chas Music Hall
The Charleston area is growing! Census figures show that since 2010 Berkeley County’s population has grown 23%. Charleston and Dorchester counties have each seen a 15% increase. Net In-Migration is 34 people per day. The southeast is by far the fastest growing population area in the US at 22%. The Charleston Metro area labor force is growing 4 times faster than the US since 2010. 35% of the current labor force has a bachelor’s degree or higher. It is the #1 Mid-sized Metro for Millennials. The area has 10k annual college graduates with 40k enrolled. 14k are unemployed with 50% of those having some college education. Southern Living Magazine gave Charleston the top prize for Best Town in the South. They rated our Spoleto Festival as Best Festival. Tourism is a bit crazy in Charleston. Charleston is home to 10 Four Diamond Hotels: French Quarter Inn, The Spectator Hotel, Harbor View Inn, Ansonborough Inn, Belmond Charleston Place, Grand Bohemian Hotel, John Rutledge House, Planters Inn, The Restoration, and Renaissance Charleston. The Wentworth Mansion placed in the fourth spot among the Ten Best Five Star Hotels.
The Charleston real estate market is doing quite well. Year to date through the first quarter, we are actually down about 2% in transactions. This is mainly due to lack of good inventory. Median sales price is up a robust 6.8% to an all-time high of $262k. Currently, one-third of all the homes under contract are new construction. On Johns Island, 123 of 214 single family home sales this year have been new construction. That’s 57%. In Moncks Corner, where Volvo is being built, it’s 50%, 57 out of 114.