Homeowners are seeing a fantastic return on their investment, and this trend doesn’t seem to be slowing down anytime soon.
CHARLESTON, S.C. (PRWEB) April 02, 2018
The 2017 Realtors® of Distinction were honored this past week at a luncheon hosted by the Charleston Trident Association of Realtors®. The award recognizes the top ten percent of Charleston, SC Realtors® based on achieved sales, completion of additional education requirements, and a strict adherence to the Code of Ethics.
Among the recipients, Lee Keadle of Carolina One Real Estate was named as a Realtor® of Distinction. Lee moved to Charleston in 1998 to attend the College of Charleston. There, he earned a degree in Business Administration and met his wife, Katherine. He began his real estate career over fourteen years ago, and his wife joined him to create The Keadle Real Estate Group. Lee and Katherine specialize in James Island real estate and Mount Pleasant real estate, and they also work in the areas of West Ashley, Johns Island, Downtown Charleston, Isle of Palms, Wild Dunes, and Daniel Island.
“In 2017, James Island saw a 15.9% percent increase in median sales price compared to 2016,” explained Lee. Last year, the median sales price for a home on James Island was $319,250. For the sixth year in a row, James Island homes have increased in price. “It’s hard to believe that in 2011, the median price [for James Island] was $187,750. Homeowners are seeing a fantastic return on their investment, and this trend doesn’t seem to be slowing down anytime soon.”
As active real estate investors, Lee and his wife enjoy helping other investors find and purchase estates to be used as vacation homes and rental properties. “In our current market, Wild Dunes and Isle of Palms real estate are great options for buyers looking for a second home that they can place on a vacation rental program to offset some of the costs. Owners can take advantage of the appreciation and tax write offs while enjoying a few weeks every year at Charleston’s most popular beaches.”
Lee added that Mount Pleasant real estate is also a strong market for investors because of the good public schools, newer communities with full amenities, and the ample shopping and restaurant options. “Last year, 21.9% of home sales in Mount Pleasant were new construction, and with the tightening of building permits we’re expecting to see fewer new construction options over the next year.”
Despite the decrease in inventory, Lee says that the demand for new homes is as strong as he’s seen it. “Most of the clients I represent buy new homes in Mount Pleasant because they can get exactly the home they want and still stay within their budget. Mt. Pleasant has some of Charleston’s best builders right now, and the quality combined with high end finishes are hard to compare with homes that were built even ten years ago.”
For the last six years, Lee has ranked among the top buyers’ agents working in new construction by Carolina One Real Estate.