JUNE 2023 NEWS



North Charleston, the No. 1 Place for EV-related Manufacturers in the Eastern US
A new report from The Boyd Co. ranks North Charleston as the No. 1 place in the East for EV-related factories. Not only does North Charleston offer “the lowest annual operating costs of any market along the East Coast”, but it also has the $3.5 billion investment by Redwood Materials for a lithium-ion battery recycling plant in nearby Ridgeville, cultivating a thriving EV industry. Read more here and here.

Charleston’s Record-Breaking Tourism Year
According to a new College of Charleston study, area tourism spending hit an all-time-high record of $12.8 billion in 2022, a 21% increase over 2021! Not...

JUNE 2023 EVENTS



Summer is starting to heat up as we jump into June, and we have lots to look forward to and much to celebrate this month! Charleston’s Spoleto Festival USA and Piccolo Spoleto Festival are well underway and there are still many exciting events left to see before they end on June 11th! June is also Pride Month, and we recognize the LGBTQ+ community with local events including the Pride Parade downtown, Pride Fest, and the Youth Pride Festival. Some of the major holidays/days of observation include Flag Day (14th), Juneteenth (17th), and Father’s Day (19th). For more reasons to have some fun, check out these themed holidays as well as our list below of Charleston happenings ...

This beautiful 3-br. 2-ba. condo provides the PERFECT home to relax and enjoy the view of the river!

Details & Pics: https://www.buyhomesincharleston.com/listings/view/residential/23011689

3D Virtual Tour: https://my.matterport.com/show/?m=C53uGDWmyNP

Info & Showings: 843-900-0155

8323 Childs Cove Circle
North Charleston, SC

MLS# 23011689 - Residential

Enjoy EASY & PRIVATE WATERFRONT LIVING! Move-in ready, ground-level, 1-story, 3-bed/2-bath UPSCALE condo in a serene, natural setting with direct views of the Ashley River. The community offers an inviting pool, walking trails, dock and gorgeous live oaks! Located on a quiet circle with no thru-traffic, yet close to Charle...

MAY 2023 NEWS

Logistics Company Investing $9.4M to expand North Charleston Operations

Neal Brothers Charleston Inc., a global logistics company, is set to invest $9.48 million to expand its operations in Charleston County, creating 10 new jobs in the first year. The company plans to build a 100,000-square-foot facility at its existing location in North Charleston, which will increase shipping operations and serve the region’s waterfront and logistics community. Neal Brothers is a world leader in export packing, storage, freight and distribution services, as well as project shipping management. They have operated in North Charleston for over 30 years, currently employing over 100 peopl...

MAY 2023 EVENTS



After a jam-packed April, the festivals continue into May! There’s the 40th Annual North Charleston Arts Fest (3rd-7th), Charleston Cinco de Mayo Festival (6th), McClellanville’s 45th Annual Lowcountry Shrimp Festival and Blessing of the Fleet (6th), the 3rd Annual Park Circle Spring Roll Challenge & Food Truck Festival (6th), the 52nd Annual Charleston Greek Festival (12th-14th), Spring Wine Festival in the Gardens (13th), and the Spoleto Festival (5/26-6/11). There’s also a great array of events for everyone and many local farmers markets to check out. Plus, it’s Asian American Month and we have some holidays to celebrate, including May Day (1st), Cinco de Mayo (5th), Mot...

APRIL 2023 NEWS

Metals Recycling Company Coming to Berkeley County 

ZEB Metals, a company that “buys and trades non-ferrous scrap and also recycles metals and other material”, is relocating from Kentucky to a new facility near Highway 52 in Moncks Corner. This new facility will process secondary aluminum scrap that would otherwise be put in landfills. According to the South Carolina Department of Commerce, the company’s new operations will create 28 new jobs and is anticipated to be up and running by late 2023. “This is the first secondary re-melt facility of its kind in the Southeast region of the United States.” Read more here. 

Historic Charleston School to Become Low-Income H...

APRIL 2023 EVENTS

Get ready for an event-filled April! Aside from the 19 different festivals going on this month, there are also three major sporting events and a variety of events and activities catering to all interests, not to mention the seasonal farmers markets are back! Some of the bigger events on our list include: 50th Flowertown Festival (1st-2nd), Lowcountry Strawberry Festival (1st-8th*), 76th Annual Festival of Houses & Gardens (1st-16th), Founders Day Festival (8th), 3rd Annual Spring Roll Challenge & Food Truck Festival (8th), Gospel Fest 2023 (9th), Sundown Festival (12th), High Water Festival (15th-16th), 17th Annual Blues by the Sea (16th), 8th Charleston Jazz Festival...

MARCH 2023 NEWS

If Passed, SC Bill Could Deter Local Bans on Short-Term Rentals
According to a recent study, short-term rentals now contribute over $4 billion to SC’s economy and generate “nearly $2 billion in revenue for property owners” each year. Given the growing number of local bans and regulations on them and the importance of the tourism industry to the state, a new bill was recently introduced to the SC State House to deter local governments from imposing laws that ban renting a residence (including individual rooms) for fewer than 29 days. If it goes through, any city or county that continues to impose short-term rental bans would face penalties. Read more here and here. 

Pa...

MARCH 2023 EVENTS

March has arrived and we have lots of great events to jump start our spring season! This month, we’ll be celebrating Women's History Month, Irish American History Month and St. Patrick's Day (3/17), plus many other fun holidays listed here! Some popular events going on include the Charleston Wine + Food Festival (3/1-5), the Charleston St. Patrick’s Day Parade (3/17) downtown, the Charleston Brunch Festival (3/18) and the Charleston Bluegrass Festival (3/24-25). Also, three of our favorite long-standing events, the 76th Annual Festival of Houses & Gardens (3/15-4/16), the Garden Club of Charleston’s 87th Annual House & Garden Tour (3/24-25) and the 50th Annual Flowert...

Charleston, SC

This is the recommended preferred Alternative G route of 2021. | Screenshot via SCDOT.

As reported by The Post & Courier: https://www.postandcourier.com/news/charleston-countys-75m-approval-clears-way-for-dot-to-buy-homes-in-mark-clark-path/article_57c9c442-a0d4-11ed-8310-2f5b168e63f3.html

"On Tuesday, Charleston County Council voted to approve millions in funding for the Mark Clark Extension project, which plans to extend I-526 from West Ashley, to Johns Island, to James Island.

This funding will allow the project to move forward but does not guarantee that it will be completed. The source of the remaining funds needed is uncertain (we’ll share updates in a future news...

FEB 2023 EVENTS

February has arrived rather quickly, and we already have so much planned for the Charleston area! This month has many celebrations taking place, including Black History Month, Groundhog Day (2nd), Valentine's Day (14th), Presidents’ Day (20th) and the continuation of Chinese New Year until the 5th and Mardi Gras until the 21st, plus some other fun holidays listed here. Some of the bigger events happening in the area are the 10th Annual Good Business Summit on the 9th, the much anticipated Southeastern Wildlife Exposition (SEWE) running from the 17th to the 19th, and Folly’s 31st Annual Sea & Sand Festival on the 25th. There are also several oyster roasts taking place th...

FEBRUARY 2023 NEWS

Charleston Metro Area Sees 2nd Highest Job Growth in Nation in 2022
As shown by recent data from 2022, Charleston and North Charleston Metro saw a 6.6% increase in employment last year. According to the Bureau of Labor Statistics, that makes it one of the largest over-the-year percentage increases in the nation! Despite growing worries of a recession, the Charleston Metro Chamber of Commerce is anticipating “nearly 36,000 new jobs by the end of 2026.” Read more here and here. 

“Navy Base Redevelopment District” to Join New Pedestrian Bridge
New development plans proposed by the City of North Charleston for the former Navy Base could bring new single- and multi-family ...

Fake Seller/Fake Buyer Scam Alert – Sale of Vacant Lots

The South Carolina Real Estate Commission has made us aware of a rise in fraudulent sales and mortgages, most commonly associated with vacant lots.

The scam targets unencumbered, vacant lots owned by persons out of state.

If you know of someone who has been a victim of an attempt to sell their property without their consent, please contact the FBI to report the fraudulent activities and get assistance in stopping the perpetrator.

More information regarding contacting the FBI can be found at the following link: https://www.fbi.gov/how-we-can-help-you/safety-resources/scams-and-safety.

Charleston, SC - January 26, 2023

The Post & Courier reported today that construction on the new access road to Charleston International Airport could begin by mid-2024, after South Carolina officials committed to help fund the nearly $144 million project.

Read more here.

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JANUARY 2023 EVENTS

It’s January… the start of 2023! It’s a quieter month, with fewer major holidays, events and festivals than the flurry we experienced in November and December. Nonetheless, in January we celebrate New Year’s Day (1st), National Law Enforcement Appreciation Day (9th), Martin Luther King Jr. Day (celebrated on the 18th), the Chinese New Year - the Year of the Rabbit (22nd - February 5th), plus some other holidays listed here. We have polar bear plunges on the 1st, oyster roasts and food festivals throughout the month - such as Charleston Restaurant Week (12th-22nd), Taste of Folly (13th-14th) and the Lowcountry Oyster Festival (29th) - plus the Charleston Boat Show ...

JANUARY 2023 NEWS

SC’s Largest Economic Development Investment To-date Coming to Berkeley County

Redwood Materials, a domestic recycler of lithium-ion batteries and re-manufacturer of anode and cathode battery components for electric vehicles, will invest $3.5 billion to establish a new Battery Materials Campus and a “circular supply chain for electric vehicles” on a 600-acre site in Ridgeville in Berkeley County. This is the largest economic development announcement in the state’s history and one that will create 1,500 new jobs, help address the need for domestic sourcing of supply, and drive down costs and emissions. Groundbreaking is planned for early 2023 and the first recycli...

In real estate we take it for granted that demand and supply drive home prices up or down. However, recent market behavior in some markets in the U.S. are defying this assumption!

The following is an excerpt from a blog post by CalculatedRisk.com which shows that the last few months home prices fell in some markets DESPITE their low inventory level compared to their level of demand (the Months of Inventory Index measures the relationship between demand and supply. We consider a 6 months supply a "balanced or neutral" market. Below 5 months it is a "sellers' market" (undersupplied) and above 7 months a "buyers' market" (oversupplied). 

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House Prices and Inventory
This graph below sho...