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Caroline One

Carolina One Real Estate welcomes four agents to its Folly Road / West Islands office.






Cinnamon


Régine Cannella has lived in Charleston his entire life focusing on occupational therapy and rehabilitation, energy healing and acupuncture in South Carolina, North Carolina, Florida and Washington State. Cannella holds a master’s degree in acupuncture and oriental medicine from the Northwest Institute in Seattle and regularly donates 10% of her online readings to Darkness to Light, an organization dedicated to the prevention of childhood sexual abuse. Email him at [email protected] or call 843.276.5044.






Russ knapp

Knapp


Recently moved to Charleston, after a long and successful career in real estate in California, Russ knapp has been practicing real estate since 1988. In Sacramento, Knapp represented Riverside Properties and was a life member of the Real Estate Masters Club. Before becoming a real estate agent ©, Knapp was an electronics technician in the US Navy. In his spare time, he enjoys sailing, restoring his classic 1966 Mustang and playing bass guitar. Call him at 916.549.1415 or email [email protected]






Catarina smith

Black-smith


Born in Rio de Janeiro, Brazil, Catarina sena smith attended university and studied finance in Brazil. Smith has had a real estate license since 2001 and worked for Coldwell Banker and ReMax Realty in Massachusetts and Signature Real Estate in Greenville before moving to Charleston to be close to his family on James Island. A nature lover, Smith enjoys hiking, watching ocean sunrises and sunsets, cooking and taking care of her pets. Contact her at [email protected] or call 843.607.7628.






Alester spears

Spears


Michael “Alester” Spears grew up in Columbia and Edisto Beach. He obtained a degree in mathematical economics from Hampden-Sydney College in Virginia and a certificate in negotiations from the University of California-Berkeley. A healthcare technology business executive for over 26 years, he has specialized in mergers and acquisitions, executive leadership, sales assessment / strategy, and marketing analysis / development. Before returning to his childhood home on Edisto Beach in 2020, Spears lived in Atlanta, New York, Nashville, and Southern California. He decided to pursue his dream by turning his real estate hobby into a full-time career on the coast of South Carolina and partnering with Carolina One Real Estate. A tennis player and competitive swimmer, he is passionate about international travel, the arts and animal rescue organizations. Email him at [email protected] or call 843.217.2837.






Dave sansom

Sansom


Dave sansom, COO of Carolina One Real Estate shared their update for the market for the week ending October 1. Regarding sales, Sansom said, “We believe current sales levels would be significantly higher if we had a few thousand more listings to work with. It is remarkable that the sales levels are as high as they are given where the inventory is now. “

Below are the statistics:

• 421 properties were contracted last week in the Charleston area. This is lower than last year’s record for the same week (428) with just seven sales.

• The inventory stands at 1,865 active announcements (excluding active and pending quotas). The inventory had increased steadily from June to early September, but recently started to decline and fell by about 140 listings in the past three weeks.

Sansom said the market needs an additional 8,000-10,000 listings to achieve a balanced market and for prices to stabilize.

Will Jenkinson from Carolina One New Homes provided a market update on new home activity in the area.

Charleston Global Real Estate Market (MLS):

  • 1,889 active households in MLS
  • 1,364 resales and 525 news – 28% are NEWS
  • Pending sales: 3,579, including 1,690 more pending than in progress
  • 2,230 resales and 1,349 new – 38% are NEW

New home sales accounted for 22% of ALL home closings: REIS JUNE 21

Charleston: 13%; Berkeley: 36%; Dorchester: 22%; (% of new resales v / s): REIS NHR JUNE 21

4,968 new dwellings closed during the last 12 months: REIS NHR JUNE 21

Historic high – 7,100 in 2006 and low – 2,100 in 2009

Average selling price of new homes: $ 391,290 (global): REIS NHR JUNE 21

Charleston: $ 461,775; Berkeley: $ 376,677; Dorchester: $ 321,040

Single-family permits:

6,521 permits have been issued in the last 12 months: REIS NHR JUNE 21

Historic high – 8084 in 2005 and low was 2732 in 2009

Short-term rental market

As industry professionals gain a foothold in a post-COVID market – with inventory shortages, housing demand and rising house prices – the tools to effectively manage change are also in demand. Airbnb Brian chesky, said in a Fortune magazine article that he had noticed people taking longer vacations and believed the trend would continue, saying demand in the years to come will require “millions more hosts “. Currently, Airbnb has around four million hosts.






Brian chesky

Chesky


People are staying on properties longer, with work and leisure now being a remote working option. Plus, as Chesky said, “. . .there is going to be a rebound in travel to come that is unlike anything we’ve ever seen. Simply put, there is going to be a great need for more hosts and accommodations for this type of rental, and the market could become bigger than ever.

Born from this theory is an app, Rabbu, an investment platform company that helps investors, whether they are timeshare owners, a landlord or a rental management company, to know how much their property can earn when rented to this title. In June, Rabbu added a new tool, “Insights”, designed for “forward-thinking rental brokers and potential buyers who want an accurate and quantitative analysis of their property’s potential as a short-term rental”. Want to see how much an address can earn on short-term rental? Rabbu’s Insights tool plugs in the address and voila, find out what it’s worth.






Emir Dukic

Dukic


Emir Dukic, Rabbu’s co-founder said in a press release: “The short-term rental market has seen an incredible increase in demand. Demand exceeds supply, and Dukic said rural markets with limited air travel have become “the best option for rental investors.” The opportunity for these investors and owners can expect “above average returns”.

Future versions of the platform include recommendations for users, tips for investors and a spreadsheet style interface to analyze transactions and highlight other properties for sale in the same area for comparison. . To learn more, visit rabbu.com.

Letter from the editor

Dear reader,

As we welcome the fall season and hope that life as we once knew it will return, I would like to invite you to celebrate this with me in an upcoming issue. While we still have a bit of time before we are completely out of “pandemic wood”, we have come a long way in the past 18 months. Home is where our hearts are and it has taken on a whole new meaning. The generosity of our neighbors and the continued efforts of these frontline workers in so many parts of our communities and our country have made us all reflect and remember – the kindness of friends and strangers – and how much we all have need each other.






Shutterstock_1165021444

Halloween is October 31st, falling on a Sunday this year. Photo / Shutterstock.


The holiday season is fast approaching and while it likely won’t be the same as before the pandemic, it is improving. Halloween is almost here. My neighborhood is already showing evidence of the buzz of tradition. The houses are dressed in pumpkins on the porches, “ghosts” hang from the porch columns and glide over the lawns when an afternoon breeze kicks in. A front lawn is dotted with a few small “stones. RIP Tombs, “a witch is propped up with a wicked smirk, and I swear, her eyes follow me as I pass. It’s fun, it’s hopeful and it’s wonderful to see. Children ride bikes in cooler weather, laugh and have fun. Autumn is here, signaling a new season and a sense of renewed hope. I’m not sure if the kids will be making treats in all the neighborhoods this year, but even so, I expect to see a few goblins in my neighborhood. If nothing else, just to show off their Halloween costumes. Maybe we’ll put a bucket of candy on the porch, with a sign that says “Take one,” if parents choose not to door-to-door.

However Halloween is working this year, let’s celebrate with some photos. Please send your Halloween photos with a caption to [email protected] before October 19th.

It could be your children in disguise, your pets, or you. This could be a photo of you taken at a 1980s Halloween party. Get creative. If you would like to mention which region you live in in the Lowcountry and / or your neighborhood, please do so. Just keep it fun, clean, and happy. We will post as much as possible, space allowed, in the Saturday October 30 supplement. I will put others online.

We can all use some happy these days. This is Halloween, at its fun and “scary” best.

Brigitte Surette

Our bi-weekly newsletter features all of the business stories that shape Charleston and South Carolina. Get ahead with us – it’s free.


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