What's Happening in Charleston - July 2022 (Events)

Thu, Jun 30th 2022 8:00 pm by Alan Donald Events



July 4th Independence Day

Happy Independence Day, everyone! If you’re looking for ways to celebrate over the July 4th weekend, check out this article and our list below. You’ll see that there’s something for everyone across the metro area.  Later in the month, there’s the 10-day Beaufort Water Festival starting on the 14th and the 18th Annual Sweetgrass Festival in Mount Pleasant on the 23rd. National Vanilla Ice Cream Day is also on July 23rd, and if you are looking to celebrate it properly, stop by The Crazy Mason Milkshake Bar off of the IOP connector for a special ice cream treat. For more fun things to celebrate, visit this website for something new every day!


WEEKLY EVENTS THROUGHOUT JULY:


Monday...



Charleston, SC Road System: The Mark Clark (I-526) Extension Project

Tue, Jun 28th 2022 3:47 pm by Alan Donald Infrastructure

The Mark Clark Extension Project

This proposed highway extension project connects the Southern end of I-526/Hwy 17 with the James Island Connector and Downtown Charleston.

The following information was extracted from https://www.scdotmarkclark.com/

"The purpose of the Mark Clark Extension project is to increase the capacity of the regional transportation system, improve safety, and enhance mobility to and from the West Ashley, Johns Island and James Island areas of the Charleston metropolitan area." 

Current Project Schedule

Mark Clark Extension Project Schedule

Proposed 2-Phase Project

Mark Clark Extension 2-Phase Project

Here's a great video simulating the proposed extension from the air:

If you have questions, please visit https://www.scdot...




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Higher Rates and Short Supply: The State of Real Estate in 2022

Tue, Jun 14th 2022 1:00 pm by Alan Donald Real Estate

Higher Rates and Short Supply: The State of Real Estate in 2022




The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1



But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.



So what’s driving this persistent demand? And is there an end in sight?

Here are three factors impacting the real estate market right now. Find out how they could affect you if...




Charleston in the News - June 2022 Edition

Wed, Jun 1st 2022 6:30 pm by Alan Donald Charleston

CHS Airport

Record Growth and Expansion Plans for CHS Airport

As the number of passengers traveling through Charleston International Airport (CHS) continues to rise, so does its need to expand. The airport served close to 487,000 air travelers this April alone - second only to July of 2021 when over 490,000 arrivals and departures were recorded. During the first four months of this year, CHS welcomed almost 1.5 million passengers, which is greater than the same period in 2019 before Covid-19 impacted travel. CHS CEO Elliott Summey believes the airport will set a new record in the summer months to come and projects 5 million passengers by the end of this year, due to both new carriers and route exp...



What's Happening in Charleston - June 2022 (Events)

Wed, Jun 1st 2022 6:30 pm by Ian Symonds Events

June 2022 Charleston SC Events


Faythers Day


As the summer heats up and we head into June, there’s a lot to look forward to and much to celebrate. June is Pride Month, and we recognize the LGBTQ+ community with local events including a parade downtown (25th) and more found here and here. 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 12th. We can then break out our red, white and blue to commemorate Flag Day (14th) and prepare for Independence Day before honoring our fathers on Father’s Day (19th). Juneteenth falls on a Sunday this year so it’s observed on Monday (20th), which is also t...



Learning About Probate

Thu, May 12th 2022 3:26 pm by Alan Donald Probate

Food for Thought: "Everything You Wanted to Know About Probate But Never Dared to Ask"

This week we had the privilege of sponsoring a "lunch and learn" hosted by the Mount Pleasant Chamber of Commerce on the ins and outs of probate.

Our guest speaker, Judge Irvin Condon, CPA, Esq. was very entertaining and informative. 

As Certified Probate Experts (CPE), our main goal is to help Personal Representatives by providing "connections" to professionals and service providers who may be able to help them with their probate duties.  Click the picture below to view some of the service providers we can connect them with.  Read more here.

If the estate wants to sell any real estate (in any state...



What's Happening in Charleston - May 2022 (Events)

Mon, May 2nd 2022 8:00 am by Alan Donald Events

May 2022 Events

Cinco de Mayo

We're thrilled to report that after such an “event-ful” April, the festivals continue into May! There’s the 39th Annual North Charleston Arts Fest (4th-8th), 51st Annual Charleston Greek Festival (6th-8th), McClellanville’s 44th Annual Lowcountry Shrimp Festival and Blessing of the Fleet (7th), Mead-ival Festival (21st), 11th Annual Charleston Food Truck Festival (21st-22nd), Spoleto Festival USA and Piccolo Spoleto Festival (both 27th - June 12th). 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), Eid al-Fitr (1st-2nd), Cinco de ...




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Charleston in the News - May 2022 Edition

Mon, May 2nd 2022 8:00 am by Alan Donald Charleston

Charleston in the News - May 2022
STEM Education


Boeing’s SC DreamLearners STEM-Education Program Hits Major Milestone!

Last month, the education program known as South Carolina DreamLearners and spearheaded by Boeing, reached the milestone of having 1 million participants. The STEM-based program, which began in 2012, exposes students to advanced manufacturing and aerodynamics. They learn to build drones and about robotics, programming and how to build planes. Geared primarily to meet the state’s Force and Motion standards for 5th-graders, students of all ages and across the state (via a virtual learning component) are able to participate. Speakers and site tours also inform students about Boeing’s op...



Luxury Home With Water Views!

Thu, Apr 28th 2022 11:21 am by Alan Donald Alans Listings

Check out 1501 Menhaden Ln. in Mount Pleasant!

NEW LISTING! 4-br. 4.5-ba. home in Stratton by the Sound.

Details & Pics: https://bit.ly/1501Menhaden

Showings and Info: 843-900-0155


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1501 Menhaden Lane
Mount Pleasant, SC

MLS# 22010584 - Residential

Quality, semi-custom, coastal craftsman elevated home on a pond lot with water views of Copahee Sound! As you step onto the inviting full front porch, a pair of Charleston gas lanterns and daybed swings welcome you. You'll be tempted to linger there to take in the views and ocean breeze while sipping a glass of sweet tea. Once you enter through the glass front double entry doors into the foyer, cast your eyes across the grea...



The Rise of Multi-Generational Homes

Tue, Apr 26th 2022 2:05 pm by Alan Donald Real Estate

Multi-generational family

The National Association of Realtors (NAR) has tracked multi-generational homes since 2012.

In its 2020 Profile of Buyers and Sellers, NAR reported that demand for multi-generational homes increased to a high of 15% during the Covid pandemic. 

Share of Multi-Generational HOmes

Reasons for Multigenerational Home


According to NAR, "Pre-pandemic there was an even split between buyers who purchased a multi-generational home for aging parents and for adult children boomeranging back or never leaving. Now the top reason to purchase a multi-generational home is for aging parents to move into the home...there are some data from consumers to support the fact that this living situation is a permanent change. While the concern of COVID-19, loneliness, or ch...



Charleston in the News - March 2022 Edition

Sun, Mar 27th 2022 8:05 am by Alan Donald Charleston

Warehousing


Growing Interest in Charleston Area Industrial Properties

There is growing demand for the acquisition and leasing of industrial facilities in the Lowcountry, given their potential to help address supply chain issues faced regionally and across the U.S. and world. Their proximity to what is now the 8th largest US maritime port and to fast-growing population centers in the Southeast are contributing factors. Record sales prices are being achieved on existing distribution centers, with purchases being made by large out-of-state and international real estate investment firms. The most recent such purchase topped $109 million for a 1 million-square-foot distribution center in Summerville. A...



What's Happening in Charleston - April 2022 (Events)

Sun, Mar 27th 2022 8:00 am by Alan Donald Events

Credit One Tennis Cup


This may be the most “event-full” month we’ve ever come across in the Charleston area! There are at least 17 - Yes, 17! - festivals, three major sporting events and a myriad of events and activities catering to all interests, not to mention the return of most of our seasonal farmers markets. The festivals on our radar include: 75th Annual Festival of Houses & Gardens (through the 9th), Flowertown Festival (1st - 3rd), Artcelium Fest (3rd), (8th - 9th), Lowcountry Strawberry Festival (8th - 16th*), Founders Day Festival (9th), Lowcountry Cajun Festival (9th), Gospel Fest 2022 (17th), Charleston Cocktail Week (18th - 24th), Sundown Festival (20th), Charleston Jazz Festival (21st - 24th),...




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Charleston in the News: April 2022 Edition

Sun, Mar 27th 2022 7:20 am by Alan Donald Charleston

Charlesotn SC Skyline

Glen McConnell Pkwy Widening Project Starts

Charleston County has announced that the widening project which will take the four-lane road to six lanes from Magwood Drive to Bees Ferry Road started in March. In addition to road widening, the project calls for a 10-foot-wide multi-use pedestrian and bicycle path, additional bus stops and upgrades to existing intersections. All work requiring lane closures will be done at night. This project will improve morning and evening commute times for West Ashley residents. Read more details about this project


MSC Expands Operations in Mount Pleasant

Switzerland-based Mediterranean Shipping Company (MSC), a global transportation and logistics co...



No. 1 Reason Why Purchasing a Home in Charleston, SC Still Makes Sense!

Sat, Mar 26th 2022 2:40 pm by Alan Donald Buyers

Young Renters w Realtor

Our local paper, The Post & Courier, reports that average dwelling rental in Charleston is $400 above the national average, with the median rental rate for a one-bedroom apartment now standing at $1,446 and $1,690 for a two-bedroom (the national average rental

for a two-bedroom apartment is $1,294). Rental rates were just starting to rise at this time last year after the widespread availability of COVID vaccines allowed renters who had returned home to live with family members to begin to move back into their own apartments.

Mount Pleasant has the most expensive rental rates in South Carolina, with a median rental of $1,868 for a one-bedroom unit and $2,146 for a two-bedroom dwellin...



Luxury is Living Together!

Mon, Mar 21st 2022 8:43 am by Alan Donald Alans Listings

Aging parents? Hard to see them often enough?

This brand new home may be the solution! It has a perfect design for a multi-generational family:

The main house has 3 bedrooms, plus an independent in-law suite (with a separate entrance and a kitchenette).

In addition, there is a fully independent carriage house with its own 2-car garage!

Check out the video tour:


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1456 Tannanger Trail
Awendaw, SC

MLS# 22006865 - Residential

Imagine this brand new custom-built, coastal modern luxury home on a wooded, 2.5-acre lot in a small, gated, horse-loving community...as your multi-generational family complex, winter retreat, or permanent home with an income-earning unit.In the words o...



Win Free Tickets to Cooper River Bridge Run

Thu, Mar 17th 2022 7:42 pm by Alan Donald Charleston

Cooper River Bridge Run 2022

Keep Healthy & Have Fun!!

Enter to win two FREE TICKETS to the 45th Annual Cooper River Bridge Run.

No purchase necessary. One entry per person.

DRAW: Saturday,March 26th @ 1pm EST (FB Live)

Want to improve your odds?

Send us a referral of anyone thinking of buying or selling real estate and you will receive 5 extra tickets per referral!

To enter, please send your name, email address and phone number to: info@alandonald.com

Let us know if you have any referrals!





Hedge Against Inflation With These 3 Real Estate Investment Types

Wed, Mar 16th 2022 2:30 pm by Alan Donald Real Estate

Hedge Against Inflation by Investing in Real Estate

Hedge Against Inflation With These 3 Real Estate Investment Types

The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, a lawyer, a plumber, or a retiree; if you spend U.S. dollars, inflation impacts you.

Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain. 

Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help.


WHAT IS INFLATION AND HOW DOES IT IMPACT ME?

Inflation is a decline in the value of money. When the rate of inf...




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Keep the Numbers in Perspective!

Fri, Mar 11th 2022 9:37 am by Alan Donald Real Estate

Let's keep the numbers in perspective!

Yes, home prices have risen very fast in the last two years...
Yes, mortgage interest rates have increased noticeably...

However, look at this HOME AFFORDABILITY chart. Buying a home today is still VERY AFFORDABLE compared to years past...

Housing Affordabiity

  • New addition to your family? Need more space?
  • Rent going up with no end in sight?
  • New job with better pay?

Start your home buying process now!
Use your tax refund for a down payment.

Call/text us at 843-900-0155 to get started.

The Alan Donald Team at Keller Williams Realty
Professional Service | Local Expertise | Advanced Technology
BuyHomesInCharleston.com



SC Ranked No. 2 in 2021 for In-bound Moves, Study Says

Sat, Mar 5th 2022 4:14 pm by Alan Donald Mount Pleasant

South Carolina

I read this article in the Post & Courier and found it interesting...

SC ranked No. 2 in 2021 for in-bound moves, study says

BY WARREN L. WISE  wwise@postandcourier.com 

Only 13 states saw the percentage of people moving in last year higher than those moving out.

South Carolina was in the former group.

A new study shows the Palmetto State ranked No. 2 in the nation last year for in-bound moves.

The state saw nearly 42 percent more people moving in than moving out, ranking second to Arkansas with almost 44 percent more relocating to the land of Little Rock and the Ozarks, according to a study of 90,000 moves last year by hireahelper.com.

Mount Pleasant and Myrtle Beach picked up the...




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Is the Charleston, SC Residential Real Estate Market in a "Bubble"?

Fri, Mar 4th 2022 3:05 pm by Alan Donald Charleston Real Estate

Charleston, SC Metro Area 
Residential Real Estate Market Trends

Until 2019, Charleston's Median Home Sales Price trendline was below the 4.3% annual compound rate trendline.

The rapid appreciation in 2020 and 2021 made the actual line cross and we are now above the trendline, just like in 2005.

Charleston Real Estate Market Trends

Unless supply catches up with demand, a reversal of these trends is unlikely in the short to medium term.

The gap between demand and supply is still growing. At the current rate of demand we would need about 6,000 active listings in the MLS to "balance" the market.

We have 1,000!

Are we in a real estate bubble?


These trend lines show that this time around home appreciation is much mo...



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