Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Lawrence Yun, Chief Economist at NAR, explains in the report:

The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer confidence…

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At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman &…

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Patience in Real Estate

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few houses for sale.

Low inventory in the housing market isn’t new, but it’s becoming more challenging to navigate. Danielle Hale, Chief Economist at realtor.com, explains:

The housing market is still relatively under supplied, and buyers can’t buy what’s not for sale. Relative to what we saw in 2017 to 2019, March 2021 was still roughly 117,000 new listings lower, adding to the…

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It’s that time of year again! The cold temperatures have officially passed and we are no longer cooped up inside making our homes a bit dirtier than usual. You know where we are going with this...your home is ready for a deep spring cleaning!

We spent more time inside this past year than ever before. That means some areas you may skip over during your daily and weekly tidying actually need more attention than usual.

It can seem daunting to really clean your whole house. There are just so many areas dirt and dust can gather; how do you really get things fully sanitized without spending days cleaning?

We have some spring cleaning tips for you to help make the process easier! What is the first space in your home that could benefit from spring…

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When it comes to making chores more bearable, creating a more functional and beautiful space surely helps. We all know laundry ranks pretty high on the list of “least favorite chores” considering it’s basically never-ending. Today’s article features a few of our favorite laundry room remodels to help you create a room that isn’t so dreaded!

We think the laundry room (or space where the washer and dryer live - the mudroom, the garage, it can vary) should be a well-organized spot that also shows personality and! We rounded up some must-haves for creating a functional space that makes doing chores a bit easier and helps improve resale value.

For folks with an actual laundry room: raise your hand if yours has one or two wire shelves above the washer and…

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Thinking about elevating your spring decor this season? Lowcountry decor is unique from other regions. It often incorporates our coastal textures that are unlike anywhere else in the world!

What is your favorite kind of spring decor to incorporate in your home? Whether it be simpler touches like picking up some trendy new vases and swapping your accent pillows and throws to bigger changes like trading out your wall art - there is always a way to infuse the Lowcountry in your designs.

In this article, we will feature a number of spring-inspired decor ideas that enable you to welcome the new season into your home. No matter your budget, there is something for everyone to try! 

If you’re thinking about listing or have your home on the market, consider…

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March sales activity picked up where February left off, with an already redhot market showing no signs of slowing. Rising home prices and mortgage rates are affecting affordability, but have yet to impact demand, as sales continue to increase. Extremely constrained supply in many market segments will continue to fuel multiple offers and rising home prices. 

Hilton Head & Mainland Real Estate Market Update - March 2021

For the 12-month period spanning April 2020 through March 2021, pending sales in the Hilton Head region were up 48.9 percent overall. The price range with the largest gain in sales was the $650,001 and above range, where they increased 134.5 percent.

Market-wide, inventory levels were down 72.4 percent. The property type that lost…

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What’s unique about the RBC Heritage in 2021? If you’re a fan of the PGA or simply love a good time and a plaid print, this event is for you. Locals and golf enthusiasts know RBC Heritage is one of our region’s most beloved events.

The annual tournament at Sea Pines on Hilton Head celebrates the best of what the Lowcountry has to offer for the popular outdoor sport during the very best time of year. Azaleas are in bloom, the weather is not too hot or cold, and unlike last year, spectators are allowed!

Everyone can find something to enjoy at RBC Heritage. Young or old, golfers or folks who have never picked up a club, it doesn’t matter. The classic, internationally recognized backdrop of the Sea Pines Lighthouse is only one of the things attendees…

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REALTRENDS 500 REPORT RANKS NATION'S LARGEST REAL ESTATE FIRMS 

RealTrends Rankings 2021

Castle Rock, Colorado — March 2021. On March 25, 2021, RealTrends released its 2021 RealTrends 500, an independently verified compilation of the nation’s leading residential real estate companies. RealTrends, the trusted source for news and research about the real estate brokerage industry, has been ranking brokerages for more than 33 years and is the most-trusted brokerage ranking report in the industry.

Over 1,750 firms qualified for this year’s RealTrends 500. According to a research report produced by RealTrends, the 500 largest residential real estate brokerage firms in the nation closed over 3.9 million residential sales transactions in 2020. These transactions were valued at…

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Charter One Realty's consistent investments on behalf of Buyers, Sellers, and Communities for over three decades pays dividends for our clients. Like the international luxury brands, Charter One Realty employs world-class marketing with a global reach. 

But one need only look at actual sales in the area’s luxury communities, and at the area’s $1,000,000+ transactions to understand that Charter One Realty is the Lowcountry’s Leading Luxury Brand.

Luxury Market Share Charter One Realty March

ADDITIONAL SALES

  31 S Beach Lagoon Drive | Sea Pines | $8,000,000
79 Mount Pelia Road | Palmetto Bluff | $5,400,000
26 Green Heron Rd* | Sea Pines | $4,800,000
14 Anson Park Road E | Palmetto Bluff | $3,875,000
29 Camp Eight Road | Palmetto Bluff | $3,725,000
6 Terra Bella Trace | Hilton…

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