Here's a quick pulse check on a few of the markets we track most closely right now.
Isle of Palms remains one of the strongest luxury beach markets in the Charleston area, with a recent median sale price around $2,299,900 — up roughly 21.7% year-over-year — and homes trading at approximately $949 per square foot. Inventory stays tight, and well-priced turnkey homes are still moving quickly.
Awendaw continues to attract buyers looking for space, privacy, and waterfront or acreage properties near the Cape Romain National Wildlife Refuge. It's a smaller, less liquid market than the barrier islands, but well-positioned waterfront listings are drawing strong interest — we recently closed a $2.14 million waterfront deal in the area.
Across the greater Charleston area, buyers are dealing with a mix of higher financing costs and still-limited inventory in the most desirable neighborhoods, which is keeping well-prepared, move-in-ready listings competitive even as overall market pace has moderated from the frenzy of a few years ago.
For sellers: pricing accurately from day one still matters more than it did a few years ago — overpriced listings are sitting longer and requiring price reductions.
For buyers: pre-approval and a clear sense of your target neighborhoods are essential in a market where the best homes still move fast.
If you'd like a more specific read on your neighborhood or a property you're watching, reach out anytime.
— Catherine Cobb, Realtor, Corcoran HM Properties