August is here and Charleston is getting all kinds of attention the last few weeks!
Travel and Leisure Magazine named Charleston as the best city in the US for the fifth consecutive year and they also named us the 2nd best city in the World. Southern Living magazine named Charleston the #1 Best City in the South. Food and Wine magazine included Charleston in their list of the Top 10 Most Exciting Food Cities in the World. The Solar Eclipse is on Aug 21 and we are in a great spot for viewing the grand event...
Solar Eclipse events include Eclipse Baseball Game at Joe Riley Park, an all day program at the Children’s Museum, Citadel Mall is an official NASA viewing location, Total Eclipse of the Art at the Gibbes Museum, Hotter than the Sun party at MUSC Health Stadium on Daniel Island, the Yorktown has Eclipse on a Warship, and Dark Side of the Sun at the Charleston Harbor Resort and Marina. Check out the events calendar below for things to do in August...
Kids are going back to school soon... Tax Free Weekend is August 4-6. There will be plenty of back to school events around town and a lot of end of summer celebrations going on through Labor Day Weekend.
In business news, Volvo and Mercedes plants moving in have begun to have a ripple effect: IFA, a German Automotive supplier, plans to expand by adding a new 234,000 square foot plant in Berkeley County(+120 jobs.) The company presently makes about 2 million drive shafts a year at its Ladson facility. Knapheide is building a 75,000 square foot facility (+63 jobs) in Charleston County to provide and install van interiors and bodies for the Mercedes plant located down the road. T-Mobile will renovate the abandoned Rivers Ave Kmart store in North Charleston to create the largest call center for the carrier adding 400 new jobs.
Of course, with all this going on, the real estate market continues to move forward nicely. Year to date, transactions are up 7.7% over the same time period from 2016. 2017 could be the busiest year in Charleston history... we may sell over 18,000 units! Median sales price is up a modest and sustainable 3.9% and at an all time high of $253,000. Don't worry, no giant bursting bubble is looming over Charleston real estate... according to my regression analysis of prices back to 1991, we are still undervalued. We should have a median price of about $270,000 right now. Mt Pleasant continues to be a very attractive area with median prices in the $225/sqft range. However, Park Circle in North Charleston, Hanahan, and Daniel Island have become hot spots for Boeing employees. Summerville and Goose Creek are seeing a boom as well as Volvo gets ready.
August Calendar of Events: Just click on the links for more info!
2: Broken Flowers Film Screening, Charleston Music Hall, Downtown
4-6: SC Tax Free Weekend
4: Reggae Concert Series, James Island County Park
9-13: Cirque du Soleil OVO, North Charleston Coliseum
9: Mary Chapin Carpenter, Charleston Music Hall, Downtown
10: David Feherty, Charleston Music Hall, Downtown
11-12: Hootie and the Blowfish Homegrown Tour, Volvo Car Stadium, Daniel Island
12: Berkeley Goes Back to School Festival, 418 Main St Moncks Corner
12: Shaggin’ on the Cooper, Mt Pleasant Pier
13: City of Charleston First Day Festival, Liberty Square, Downtown
13: Sprint Triathlon, James Island County Park
18: Moonlight Mixer, Folly Pier
20: Life Aquatic Film Screening, Charleston Music Hall, Downtown
21: Solar Eclipse and Charleston Eclipse Events (also see links above for local events)
22: Tony Bennett, Gaillard Auditorium, Downtown
26: 18th Annual Race for the ARK, Summerville
30: The Second City Cure for the Common Comedy, Charleston Music Hall, Downtown
Sept 1-3: Low Country Jazz Festival, North Charleston PAC