SOLD! 3 Wedgepark Road

3 Wedge Park Road, Charleston, South Carolina 29407

Welcome to 3 Wedgepark an adorable cottage with a garage apartment, located next to the highly desirable Avondale Business District and less than 2 miles to historical Downtown Charleston!This property features a completely refurbished stand alone home with new roof, 3 bedrooms, 1 full bath, 1 half bath, living room, dining room that opens to the kitchen, laundry room and large screened porch. The detached dwelling features a finished 1 bedroom,1 bath,kitchen and living room apartment over the 2 car garage.This home has a modern flair while maintaining the charm of its era.The moment you enter the front door, you will notice the original picture hanging molding, the arched entryway to the dining room and the original crystal door knobs. To the right of the living room is the 3rd bedroom with half bath. This room has multiple functions as it features a built in Murphy Bed.When you walk into the dining room, it opens nicely to the remodeled kitchen with new cabinetry, granite countertops, shiplap and open shelving.To the left of the living room, you will find a large, open hallway with shiplap leads you to two nice size bedrooms, brand new bathroom with granite countertops, subway tile, shiplap, and new window allowing in the natural sunlight..The nice size laundry room leads to the spacious screened porch. The original 1940’s cast iron sink has been re-purposed and installed as well as shelving and a countertop making this a great feature for the outdoor living space. Enjoy the beautiful mature landscaping around the home and watch the butterflies fly around the butterfly bush. Asking Price $430,000

EVERYTHING you need to know about the 39th Annual Cooper River Bridge Run

The 39th Annual Cooper River Bridge Run and Walk is less than two weeks away. I want to send you the Race details as they relate to traffic in downtown Charleston. The Race is on Saturday, April 2, beginning at 7:15 AM with the Bridge Run Parade, 7:30AM the Wheel Chair Race, and then the 10K Run and Walk beginning at 8 AM.

We are estimating approximately 40,000 participants and 15-20,000 additional enthusiasts. Buses will be loading from downtown on Calhoun Street in front of the Gaillard Auditorium from 5-6:45 AM. We will be closing the Ravenel Bridge and diverting all traffic to 1-526 promptly at 7AM when the RACE Route and side roads will be closed to traffic.

For safety and security reasons we have implemented a pedestrian security zone around the Finish Line area. Access will be limited in this area to the west side of Meeting Street from Wentworth Street to Calhoun Street. There will only be two entrances to this section of the race route: one on Wentworth Street between King and Meeting Streets and the other near the First Citizens Bank driveway on Calhoun Street. At the Wentworth and Calhoun Streets entrance areas there will be safety check areas for each access point. The side streets, Burns Lane, George St., and Society St. will not have direct pedestrian access to the sidewalk on the west side of Meeting St.; to gain access you will have to enter thru the two security access points. The east side of Meeting Street will be for resident and business owners only with limited access. If you live or work on Meeting St. in this stretch please ensure you have an ID with you for entrance at our security check points. If you live on Society, Wentworth or George Streets or any residence east of Meeting St. and are trying to get to the finish line on Meeting St. you will need to use Anson and Calhoun St. for pedestrian access. On the west side King Street will provide access for you if you reside or work on these streets. Please be reminded that the Ravenel Bridge will not be open in either direction during the Race beginning at 7 AM. East Bay Street remains open throughout the Race. Traffic off King Street will be rerouted onto St. Philip Street from Spring Street and Beaufain Street. Traffic on Cannon Street will turn at St. Philip Street and flow north or south.

We would ask you to inform your customers, guests, employees and neighbors to be aware of the road closures and have a plan to get to your businesses, City of Charleston/Wellness Division 75 Calhoun Street- Suite 3607 Chas., SC 29401 (843) 720-5098             www.charleston-sc.gov or email wietersp@charleston-sc.gov (843) 724-7358 (FAX)

You will be able to get through the City in all directions, but it may be time consuming, so please plan ahead. A summary of the Road closures is attached. Race Week Highlights for 39th Annual CRBR

1. The Bridge Run Expo will be at the Charleston Convention Center on March 31-April 1. CARTA buses will be accessible with their normal routes from the VRTC to the Convention Center for downtown to help downtown participants with pick-up assistance.

2. Hampton Park will be the site of the Kids Run on Friday, April 1, starting at 11AM.

3. A Taste of the Bridge Run (ticketed event) will be featured at the Charleston Maritime Center on Friday, April 1, 5PM to 8PM featuring several of our downtown restaurants.

4. Buses for participants will load Saturday beginning at 5AM to 6:45AM from the Gaillard Auditorium and the Aquarium Garage both on Calhoun Street. After the race loading will only be at the Gaillard Auditorium to return participants to Mt. Pleasant and North Charleston until 1 PM.

5. Marion Square will be used on Saturday, April 2, along with the streets to host the finish festival area. Set up will begin the week of March 28.

6. The Parking Garages at the Visitor Center, 34 St. Philip St., and Aquarium will allow Bridge Run participants to park from 5 PM on Friday (4/1) to Saturday (4/2) 2PM for a flat $5.00 rate.

7. In 2017 the 40th Annual Cooper River Bridge Run is scheduled for APRIL 1!!! 8. For more info: www.bridgerun.com .

Economic Outlook forecast anticipates 20,000 new jobs in the next 2 years!

 

Great News for our housing market

By Liz Segrist
lsegrist@scbiznews.com 
Published March 14, 2016

More than 9,000 net new jobs were created in the Charleston region last year and at least 20,000 more are expected by the end of 2017, according to the Economic Outlook Forecast produced by the Charleston Metro Chamber of Commerce and the College of Charleston.

Those numbers put the region well on its way to hitting 25,000 jobs by 2019, which the Charleston chamber predicted in its 2014 Talent Demand Analysis.

 

Last year’s forecast:

The Economic Outlook Forecast is the result of tracking and analysis of regional economic indicators, such as number of new jobs, unemployment percentages, housing permits, real estate sales and tourist numbers. CofC research economist Frank Hefner reviews the data and a projection is created using a forecasting model.

 

In addition, a board of industry leaders provides insights into current conditions and challenges, as well as other factors that might influence the data. Based on the region’s post-recession job growth, the board rejected the computer-produced indicators this year and adjusted each one upward.

“In many ways, it said we weren’t going to grow very much, and we all knew there was way too much happening in our community for that to happen,” Mary Graham, the chamber’s chief advancement officer, said Thursday during the 25th Economic Outlook Conference in North Charleston.

When the chamber began producing the forecasts 25 years ago, the Charleston region had 500,000 residents and the Navy base and tourism sector defined much of its industry.

The region has since added more than 200,000 residents and 106,000 net new jobs, “and that’s with the Navy base closing and the Great Recession,” Graham said. BoeingMercedes-Benz Vans and Volvo Car Group are creating an automotive and aerospace hub in Charleston, and tech companies are expanding in the area.

Average home sale prices have jumped 238% over the past 25 years to a median price of $229,000 as of the end of 2015, according to the forecast. Retail sales have jumped from $8 billion to $24 billion during that time.

“But probably the most dramatic thing that’s happened is the absolute transformation and diversification of our region’s economy,” Graham said. “Twenty-five years ago, we were a United States military town and tourism was here, and those were really our economic engines. Today, we are a high-tech, advanced manufacturing, STEM-based economy — and yes, tourism and military are still a very important part of our economy, but there’s so much, much more.”

Forecast highlights

Airport: The region’s tourism and business economies are expected to continue bumping up passenger volumes atCharleston International Airport. Several airlines have ordered larger airplanes, which Graham said supports the forecast of 6% passenger growth in 2016.

The airport had record passenger counts in 2015 with 3.4 million travelers flying in and out amid a $200 millionterminal redevelopment project.

Tourism, hotels: Charleston continues to be regarded internationally as tourist magnet, which helps the region attract around 5 million visitors annually.

“This is what happens when you’re the No. 1 tourist destination in the country several years in a row,” said Graham, referring to Conde Nast Traveler’s annual ranking of best small U.S. cities.

The region’s challenge now is to strike a balance between nurturing that industry and maintaining quality of life for residents, Graham said.

Additional nonstop flights at the airport, as well as new restaurants and hotels in the region, spurred a prediction that hotels’ revenue per available room will increase 5% in 2016. The average daily hotel rate last year was $143.75.

Graham said the region’s tourism sector is so robust that the influx of hotel construction on the peninsula is expected to absorb it. The city created a committee last month to study whether too many hotels are being built in Charleston.

Port: The forecast projected moderate growth of 3% for containerized cargo coming through the Port of Charleston in 2016. The S.C. State Ports Authority has reported a drag in cargo volumes for several months, which could be from the traditional seasonal blip or could be the result of slowing world trade.

The opening of the Panama Canal expansion later this year and continued work on the harbor deepening project, which will bring Charleston Harbor to 52 feet, is expected to boost volumes by 8% in 2017, Graham said.

Population growth, residential real estate: Growth in the tourism, manufacturing, technology and health care sectors has played a big role in attracting a flood of new residents — averaging out to about 30 each day — to the region. The 730,000-resident population is expected to hit 1 million by 2027.

New jobs and residents have created a flurry of construction of single-family homes, apartments and mixed-use communities.

The report predicts a 10% boost in single-family residential permits this year. Home sales are expected to climb 6%, with the average sales price following at 4%. The region’s 2015 median home price of $229,000 is expected to hit $238,000 this year, data show. The median was $236,484 in February, according to monthly numbers from the Charleston Trident Association of Realtors.

Development of multifamily units is expected to continue, but Graham said the pace is forecast to slow because 10,000 units are already either permitted or under construction.

“We have a region with a very strong, robust economy. ... Now we need to focus on sustaining it. We want to make sure the economic prosperity that’s happening in our community is happening for everyone, not just for some,” Graham said. “We have issues we need to address.”

Reach staff writer Liz Segrist at 843-849-3119 or @lizsegrist on Twitter.

NEW LISTING IN WILD DUNES

NEW Listing! B404/406 The Village in Wild Dunes Resort! Listed for $699,000 and amazing gross rentals! Call me today to schedule a showing.


Realtor of Distinction Luncheon

Had the pleasure of hearing our new Mayor speak at the Realtor of Distinction luncheon today. Topics discussed were the Renaissance of West Ashley, our on going traffic issues and much more. Honored to be associated with other professional realtors.

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Thank You to Everyone that helped my achieve this Award!

Your sales achievements put you in the top 10% of production for our REALTOR® members in 2015.  Your production achievements, completion of additional education and compliance with the REALTOR® Code of Ethics proves that you truly are a REALTOR® of Distinction. 

-Charleston Trident Association of Realtors® (CTAR) and the Charleston Trident Mulitiple Listing Service (MLS)  The trusted voice for Lowcountry real estate information for more than 100 years

I’m happy. I won’t go as far as to say, as the expression goes, “Find a job you love and you won’t work a day in your life.” It is  work, but I do love my job.

Most people have long days, and work really, really hard, and yet not everyone has a job they love — not everyone is lucky enough to be happy in their careers. I was just thinking about this the other day, when lo and behold, Forbes published an article that said real estate agents are among the happiest in their careers. Who would have guessed?

Here are the top 10 reasons why I love my job:

1. People and their stories

Everyone has a story, and each one fascinates me. It’s the people I meet, that I would otherwise not have known, and the life stories they share with me that I love, love, love the most about my job.

2. Each day it’s something new

Sure, there are regular tasks, but every day brings a different combination of things. New people, new properties, new obstacles to get past … no two days are ever the same.

3. You never stop learning

While it can be intimidating to not have an answer for everything, as someone that loves learning, my job provides a smorgasbord of things to learn. Market trends, new technologies, social media and the things that just pop up in every deal means there’s always something to learn.

4. Real estate agents are a hoot … and I get to hang out with them every day

I think real estate agents get a bad rap. We’re mostly genuinely good people. While we may be in competition with one another, we generally try pretty hard to be helpful to one another bunch, we’re fun and funny … a real estate office is a great place to work. At least, mine is.

5. A chance to do good

Moving is high on the list of stressful things to do, so when I’m able to ease stress and burden for my clients and to help them get where they want to go, it feels good.

6. You can let your freedom flag fly

There are laws to obey and rules to follow as a real estate agent, but there’s also plenty or room to run your business as you like. I’m my own brand, so I’m free to be me.

7. You get to solve mysteries

He likes newer construction, she’s drawn to vintage homes … What house will we find that they will agree on? It starts as a mystery, but you get to help solve it … and always do! Solving mysteries is one of the more fun things I do.

8. Outlet for creativity

I’m not artistic, but I like that my job provides an outlet for creativity … brochures, choosing the right photos, listing verbiage, writing a blog … They all sort of scratch the creative itch.

9. You won’t get fired or laid off

Starting up, building business, surviving downturns … None of that comes easy … On the contrary, it’s really, really hard (at least it was/is for me). But if you can do it, you can make a decent living, and no one can take your job away. I like that.

10. I do love houses

Any agent will admit that liking people and houses is not reason enough to do this job. Liking people and houses is only the tip of the iceberg!

But with that said, I do love houses. Old houses and new houses, dated houses and rehabbed houses, big houses and small houses. I do love houses.

So those are the top 10 reasons this “happiest in her career” agent loves her job. Would welcome hearing why you love yours.


All Eyes on West Ashley

With new mayor in office, City Hall shifts its focus West

February 5, 2016
By Lorne Chambers | Editor

Last week was a big week for the future of West Ashley. Not only did the City of Charleston host a public forum discussing the future of the Dupont-Wappoo area, cleverly being called “DuWap,” but newly elected mayor John Tecklenburg spoke to about 120 local businessmen and women last Tuesday for the January meeting of the West Ashley-James Island Business Association (WAJIBA).

Before the new mayor was introduced outgoing WAJIBA president and local architect Dinos Liollio spotted former city councilmember Aubrey Alexander in the crowd. Liollio pointed out his friend and former St. Andrew’s High School classmate thanking him for his service to the West Ashley community. The crowd stood up to give Alexander a round of applause and a much deserved standing ovation.

At that point new WAJIBA president Kirk Matenaer had the pleasure of introducing the new mayor of the City of Charleston. Just one day after Teckenburg gave his first State of the City address, the local business community had come to hear what many felt was the unofficial “State of West Ashley” address.

The large crowd that packed the ballroom of the Town and Country Inn on Savannah Highway was tickled to hear the mayor of Charleston and West Ashley resident using the terms “We” and “Us” when talking about West Ashley. “No area is more ready for a renaissance than West Ashley and the West islands,” said Tecklenburg to the crowd who also gave him a standing ovation when introduced and applauded when he promised “West Ashley will become the crown jewel in the Cityscape of Charleston.”

Tecklenburg touted the new senior center, which will be built on the site of Bon Secours St. Francis Hospital. He also said a new Farmer’s Market would be created in West Ashley, before stressing his commitment to completing Interstate 526 and trying to fix traffic congestion along West Ashley’s major arteries.

Synchronizing traffic lights and improvements to the Sam Rittenberg Boulevard and Hwy. 61 intersection was top on his list for improvements overdue for West Ashley, as well as looking at the flooding at Main Road and Savannah Highway.

“In addition to these traditional traffic and transportation initiatives, we need to think outside the box,” said Tecklenburg, even challenging the audience to bring their out-of-the-box ideas to the table. He says he plans to hold “open office hours” the first Thursday of every month, where citizens can come talk about anything they want.

According to Tecklenburg, one of his out-of-the-box ideas may be trying to get West Ashley High School to try a 9 a.m. starting time to help relieve pressure caused by getting to the school along Glenn McConnell Parkway and Bees Ferry Road.

The mayor was blunt and straight-forward when discussing strategic economic development for West Ashley. “I don’t think that we’ve kept up with East Cooper with the businesses we’ve brought here … And we could look a little better.”

Like many, Tecklenburg sees the redevelopment of the Citadel Mall as the central piece in revitalizing West Ashley. He used the Avondale community as a shining example of a “center that really works.” Tecklenburg says that Avondale has a real sense of community and works as a “gathering place,” making sure to draw a distinction between the idea of a “gathering place” from a zoning standpoint and the controversial project The Gathering Place, along Maybank Highway in James Island.

Tecklenburgpointed out that while about 25 percent of the accommodations tax money the city receives comes from West Ashley, that for the first time in the City’s history money from accommodations taxes is actually being used for a specific West Ashley initiative, with the purchase of two properties that will become city parks, both with views of the water. The first is the Bender Street property in the Ashleyville neighborhood and the second being the former WPAL radio station property off of Wappoo Road.

Tecklenburg also talked about bringing more than accommodations tax money to our side of the river. He said he was going to reach out to Piccolo Spoleto, MOJA, and other arts festivals about bringing some more cultural events West of the Ashley. He also said he’d like to have a specific “West Ashley Day.” He floated the idea of creating it in April to coincide with Founder’s Day at Charles Towne Landing. After all, it was in West Ashley where Charleston (and the state) was founded in the 1660s.

 

Aw Shucks! Oysters Oysters Everywhere!

Yesterday, my family and where invited to meet some out of town friends at Boone Hall for the 33rd Lowcountry Oyster Festival.  Neither my husband nor I had attended this event in over a decade. So, we decided to get out of our comfort zone and head that way.   The Lowcountry Oyster Festival is the world’s largest oyster festival and has been named one of the “top 20 events in the southeast” by Southeastern Tourism Society. Highlights include the legendary “Oyster Shucking” and “Oyster Eating” Contests, live music on the main stage, wine, a selection of domestic and imported beers, a Children’s Area and a “Food Court” showcasing a variety of local favorite restaurants to satisfy everyone’s taste.

The key is to get there early.  We arrived about 10:30 and traffic was very manageable.  The second trick is to find the local oysters! This year they were from Otter Island and were delicious! We brought along our 4 year old and spent a good bit of the day in the kid zone.  They had a lot of great activities for the younger ones!   It truly was an unbeatable day with perfect weather, beautiful scenery, live music and more oysters than you could shuck.

The Lowcountry Oyster Festival is a charity fundraiser benefiting: The Ronald McDonald House, Hollings Cancer Center, Shriners Hospitals for Children and Charleston County Schools Science Materials Resource Center.


Sold! 1237 Gilmore Road, West Ashley


I really enjoyed working with these awesome, first-time home buyers.  Wanting to escape the Boston winters, be closer to family and along with the birth of their first child, Charleston quickly became the perfect place for them to call home.  Proximity to the airport, great schools and close to downtown were all factors in their decision process.  Welcome to the lowcountry Mike, Courtney and baby Chet! 


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Higher Credit Score =Low Mortgage Rate

Credit scoring was developed in the 1960s as a means to determine whether or not consumers were likely to repay their loans. The score ranges from 350 to 850 with a higher score being extremely favorable. Essentially, a high credit score translates into lower interest rates for the borrower.

There are five factors that comprise the credit score. Payment history accounts for 35% of the score; outstanding credit balances have a 30% impact; credit history makes up 15%, type of credit factors at 10%; and inquiries influence the score by 10%. This gives the lender a snapshot of an individual's sense of financial responsibility and ability to pay back loans. 

There are many quick tricks to improve the credit score, and I can provide borrowers with more information on this subject. If necessary, I guide them to a reliable resource for credit remediation. If a borrower has to pay a higher interest rate to close a loan, the tarnished credit rating will begin to improve once mortgage payments are made on time and in full. If that is the case, my team and I will be on the watch to alert the borrower when an opportunity arises to refinance and get a lower interest rate.

 

 

2015 was a great year! Make your dream of living in the lowcountry true in 2016!


End of Year Market Stats for Charleston
 

Residential real estate is experiencing its best year since the recession. Housing demand is healthy, and that is expected to continue. Home sales are actually set to have their best national showing since 2006. More of the same is anticipated in 2016, but inventory and affordability challenges coupled with mortgage rate increases will likely keep any sort of monster growth in check. This should be a good thing for keeping home prices from increasing too rapidly to maintain economic stability.

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Thanks Joe! It's been a great 40 years!

Today is a massively significant day in Charleston. For the first time in 40 years, the city will have a new mayor. Joe Riley has been an incredible leader and will be missed. Here he is in his office posing for his official Glimpses portrait. Please join us in thanking Joe for his years of tireless and amazing service. Thanks Joe!