We are so proud to announce that 7 of our sales executives received acknowledgement from the Charleston Trident Association of Realtors® for outstanding sales production for the year 2016. The Realtors® of Distinction award recognizes the top 10% of sales agents in the area.
The Director’s Circle requires an agent to have sold $6,200,000 – $8,100,000 in volume and/or 19.5 – 27.5 sides. Daniel Ravenel Sotheby’s International Realty had two extraordinary agents in this category, veteran agents Lenora White and Jane Stoney Cook.
The President’s Circle requires agents to have sold $8,100,001 – $11,499,999 in volume and/or 27.5 – 39.5 sides. Ruthie Ravenel, Georgia Nettles and Dan Ravenel qualified for this prestigious category. Ruthie represented the buyers of 14 Greenhill Street, a premier property in the historic district that sold for $2,750,000. Georgia represented the buyers of 92 Tradd Street, an 18th century home South of Broad, that traded for $2,812,500.
The prestigious Executive Circle requires agents to have sold $11,500,000+ in volume and/or 39.5+ sides. H. Middleton Rutledge and Casey Murphey, consistently top agents for the company, qualified for this award. Casey represented the owner of 14 Rutledge Avenue, which sold for $2,325,000 and went under contract in a mere 6 days. The impressive 2602 Palm Boulevard on the Isle of Palms sold for $3,800,000. Middleton represented the new owners of this impeccable beach house.
We would like to extend our congratulations to all of our dedicated agents that qualified for the 2016 Realtors® of Distinction award and wish them continued success in 2017!
In the year of self-driving cars and voice-activated robots, new technology is all around us. Controlling the temperature of your home is no longer a commodity, it’s the standard for in-home automation. From climate control to Amazon’s Alexa, real estate technology is on the precipice of significant change. Here are some tech trends to watch this year, concerning all aspects of the real estate market.
- Viewing properties on the market in your ideal price range, area, and even lifestyle is no longer an individual experience. Sotheby’s International Realty recently launched their Apple TV app that turns the real estate search from a single person chore to a group or family activity. Now, in front of a living room TV, users can search the same homes they would online but instead of crowding around a computer screen or sending links to one another, it can be done on a large scale and as a group experience. For more information on the Apple TV app by Sotheby’s International Realty, read more here.
- So you show up at your Realtor’s office with a list of 15 properties you have your eye on that may be the perfect pied-a-terre, beach getaway, or country retreat. Instead of taking hours or days to drive and preview your laundry list of homes, virtual reality allows a viewer to experience multiple properties from the comfort of their own home or their Realtor’s conference room. Virtual reality (VR) is not new to the tech world, but has recently made strong headway in real estate. Companies like Matterport are allowing agents to provide a real life experience to a potential buyer, giving them the full look and feel of a property all from one headset. Stay tuned for more updates on how VR will no doubt shake up real estate marketing as it makes its way into more and more agencies in 2017.
- Amazon Dash buttons allow an Amazon Prime customer to pre-set a designated item that is ordered when the button is pressed. Gatorade? Toilet paper? Hair spray? Diapers? All of these things, and hundreds more, can be ordered with the push of the button. While Amazon may have already made ordering a breeze with their “Buy Now” links, with Amazon Dash users don’t even need to have a device near them to complete the order. More and more people will see these small oval buttons in real estate that they visit, as the need for sitting down and creating a shopping list dissipates and the immediate satisfaction via an online order is a trend that’s not going away.
- Having an overbooked calendar no longer means you miss out on the chance to experience where your friends are, in real-time. With Facebook’s LIVE feature and the ability to post a story that lasts for 24 hours on Instagram and Snapchat, agents are taking to social media to offer the inside scoop on their properties. Viewing property for sale on the Internet used to mean 25-30 high resolution photos to scroll through. As we dive into 2017 we’ll be seeing more behind the scenes looks at real estate for sale through these channels, offering more raw footage of a property.
- Artificial intelligence (AI) sounds like it may be the last thing to apply to real estate, but it is making strides in the industry. The Amazon Echo can now provide a property valuation estimate just with one verbal request. Often when searching on a site, a chat box will pop up that is fully prepared to answer questions and sound like a human. There’s no limit to where AI can go with the general public, and there are many applications to the real estate world in 2017 and coming years.
Just yesterday, two sales executive on our team closed 2731 Jenkins Point Road for $3,275,000. This magnificent property is situated on a 1 acre lot and has a dock leading to the Bohicket River, a stunning custom design open floor plan, and whimsical screened in porches ideal for island living. Seabrook Island is a private gated island near Kiawah and Johns Island. Seabrook features a top rate tennis facility, two championship golf courses and a full service equestrian center.
Only three homes have ever traded for more than 2731 Jenkins Point Road: 3067 Marsh Gate Drive – $4,500,000 in 2007; 3732 Seabrook Island Road – $3,900,000 in 2006; and 1156 Ocean Forest Lane – $3,800,000 in 2004.
Congratulations to our wonderful agents, Lenora White and David Crump, who represented the sellers of 2732 Jenkins Point Road.
If a home on Seabrook Island, or anywhere else in the Charleston area, piques your interest, give us a call today to see how the Sotheby’s International Realty brand and our intimate local knowledge can benefit you.
Happy New Year from Charleston!!
Statistics are in and 2016 was quite a year for our overall market, posting over 17,000 sales – the 2nd highest number ever. Transactions were up 10% over 2015, with a median sale price increase of 4.3% overall. This is a strong but still sustainable year over year increase in price, with price per square foot up in nearly every area we serve.
With number of listings at an all time low, the overall area is showing 3 months of inventory. 6 months of inventory is considered a balanced market, so as you can see we are squarely in a sellers market for most areas. If you are thinking of making a move, 2017 may be the year to consider listing your home.
Below is a link to our Year In Review E-Book with analysis on the greater Charleston market – give us a call today to see how our intimate knowledge of the market can benefit you!