Q: How has COVID impacted the Charleston real estate market?
A: The Charleston market ended in 2020 with many surprises that we did not anticipate at the beginning of last year. With more companies offering a work-from-home platform due to the pandemic, we saw and continue to see people escaping crowded cities and moving to Charleston. It is an unprecedented time for us. Homes fly off the market with many properties never making it to the multiple listing service and are being sold by recommendation of their Realtors. I have personally sold three properties that my buyers had never been in physically before purchasing. To help protect our clients and our agents, Handsome Properties began creating “Virtual Open Houses,” which allow buyers to preview the homes through email and our website. This has become a very versatile tool for buyers to preview properties from the safety of their own homes.
Q: What do you expect from the market in the spring?
A: I do not foresee the market trends letting up in the spring. Within the last month alone, Charleston has seen only 330 homes enter the market, but 436 homes moved to active contingent and 643 homes sold. A few of the highest sales ever on the Peninsula sold in 2020, with the highest being sold for $12,000,000 and $1,434.89 per square foot.
Q: What are the most popular residential areas?
A: From Sullivans Island to the Old Village of Mount Pleasant to the Peninsula of Charleston to Kiawah—these are just a few of the most popular residential areas that people move to when they are searching for real estate. The Holy City has a lot to offer. Charleston continues to receive accolades from travel sites and magazines. It is truly a vibrant southern city with so much to offer for everyone who travels here, including dining, beaches, golf, art, music, and rich history.