THE
REAL ESTATE
REPORT
OF GREATER CHARLESTON
YOUR PARTNER IN LOWCOUNTRY REAL ESTATE Industry Knowledge Backed by Superior Marketing 843-737-6260 info@TidelineRealty.com WWW.TIDELINEREALTY.COM Operated within Beresford Realty, LLC 672 Marina Dr, S-206B • Charleston, SC 29492
843.737.6260
www.TidelineRealty.com
The New Era of Charleston -
The forecast for 2012 and 2013 is for the economy to expand in every sector with the m far outpaces other regions in the Southeast and throughout the United States.
Most significant to the future economic growth of the region are the transformative d globally recognized business destination, paving the way for unprecedented change a During the past two decades, the economy of the region has undergone a significant shift from a military/defense-dependent economy to one now more diversified and anchored around the activities of The Port of Charleston, the multi-billion dollar visitor industry, healthcare industry, growing manufacturing sector and the military. The region’s quality of life and history and culture also continue to attract new residents of all ages, helping to fuel the real estate and development industry as well.
LABOR FORCE AND EMPLOYMENT The region’s civilian labor force experienced slight gains during 2011, up just 0.5 percent. Total employment, however, grew over two percent, with the region adding more than 6,000 jobs during the year. For the Charleston region, gains are expected in both 2012 and 2013 as the region’s economy expands in each of the next two years.
TEN LARGEST EMPLOYERS Joint Base Charleston Medical University of South Carolina (MUSC) Charleston County School District Roper St. Francis Healthcare Berkeley County School District Boeing Charleston JEM Restaurant Group Dorchester County School District Trident Health System Wal-Mart
22,000 11,000 7,200 4,800 3,650 3,000 3,000 2,800 2,500 2,300
For a complete listing of Charleston area major employers, please log onto www.charlestonchamber.net.
Tideline Realty Group Operates within Beresford Realty, LLC
Greater Charleston Real Estate Report
Regional Economic Forecast*
he momentum climbing over the next two years. The region will expand at a pace that
e developments underway moving the region from a medium-sized metro region to a ge and growth in the next five years.
VISITOR INDUSTRY The region’s visitor industry expanded in 2011, with area experts reporting activity at record levels. The year also brought international and national recognition as Charleston was named the nation’s number one destination by Condé Nast Traveler in late 2011. The magazine also named Charleston as the number three destination in the world, ranking behind Sydney, Australia and Florence, Italy.
INTEREST RATES The Federal Reserve has been unprecedentedly transparent by announcing their intentions to keep rates low until 2014. * Source - 2012/2013 Economic Forecast Charleston Metro Chamber of Commerce. For a complete copy of report please reach Steve and Sheryl at 843-737-6260 or Sheryl@TidelineRealty.com
Your Partner in Lowcountry Real Estate Industry Knowledge Backed by Superior Marketing Steve DeMarco Sheryl Scholer Direct 843.442.1520 Steve@TidelineRealty.com
Direct 843.737.6260 Sher yl@TidelineRealty.com
w w w.T i delineRealty. c om
843.737.6260
www.TidelineRealty.com
Charleston Region • Closing Sales of 10,748 in July 2012 (12 month total) ... up 19% from July, 2011
• Median Price ... up 3.4 % from one year ago
• Inventory ... Down 26% • Months Supply ... 7.1 (from 11.4 one year ago)
Risks to these Forecasts include potential changes to Washington Policy. Please email us for a complete list of Forecast Risks.
Tideline Realty Group Operates within Beresford Realty, LLC
Greater Charleston Real Estate Report
Housing Statistics* As noted below, although it has been a flat 4 years we are now poised for strong growth. We have experienced our strongest first half in five years and affordability conditions are at their absolute strongest point. House starts still remain well below the 50 year average (HUD) however Charleston housing permits have shown growth.
* Source: 2012 Midyear Charleston Residential Real Estate Market Update. Published and Held on August 15, 2012. Dr. Lawrence Yun, Chief Economist and Senior V President of research for the National Association of Realtors. For a complete copy of report, please reach Steve or Sheryl at 843-737-6260 or Sheryl@TidelineRealty.com
w w w.T i delineRealty. c om
843.737.6260
www.TidelineRealty.com
2012 Football Schedule Citadel 2012 Football Schedule Sept. 1 - CHAR SOUTHERN* Sept. 8 - GA SOUTHERN* Sept. 15 - Appalachian State Sept. 22 - NC State Sept. 29 - CHATTANOOGA* Oct. 6 - Samford Oct. 13 - WESTERN CAROLINA* Oct. 27 - Wofford Nov. 3 - ELON* Nov. 10 - VA Military Nov. 17 - Furman
Panthers 2012 Football Schedule
(All times are EDT)
Preseason 08/11 - 7:00 PM - Home - Houston Texans 08/17 - 8:00 PM - Home Miami Dolphins 08/26 - 8:00 PM - Away New York Jets 08/30 - 7:30 PM - Away Pittsburgh Steelers
Regular Season * All Caps Indicates Home Game
09/09 - 4:25 PM - Away - Tampa bay Buccaneers Clemson 2012 Football Schedule Sept. 1 - Auburn Sept. 8 - BALL STATE* Sept. 15 - FURMAN* Sept. 22 - Florida State
09/16 - 1:00 PM - Home - New Orleans Saints
Sept. 29 - Boston College Oct. 6 - GEORGIA TECH* Oct. 13 - Open Date Oct. 20 - VIRGINIA TECH* Oct. 25 - Wake Forest Nov. 3 - Duke Nov. 10 - MARYLAND Nov. 17 - NC STATE* Nov. 24 - SOUTH CAROLINA*
09/30 - 1:00 PM - Away - Atlanta Falcons
09/20 = 8:20 PM - Home - New York Giants
10/07 - 4:05 PM - Home - Seattle Seahawks 10/21 - 1:00 PM - Home - Dallas Cowboys 10/28 - 1:00 PM - Away - Chicago Bears 11/04 - 1:00 PM - Away - Washington Redskins
* All Caps Indicates Home Game
11/11 - 1:00 PM - Home - Denver Broncos South Carolina 2012 Football Schedule Sept. 8 - EAST CAROLINA* Sept. 15 - UAB* Sept. 22 - MISSOURI* Sept. 29 - Kentucky Oct. 6 - GEORGIA* Oct. 13 - Louisianna State Oct. 20 - Florida Oct. 27 - TENNESSEE* Nov. 10 - ARKANSAS* Nov. 17 - WOFFORD* Nov. 24 - Clemson
* All Caps Indicates Home Game
11/18 - 1:00 PM Home - Tampa Bay Buccaneers 11/26 - 8:30 PM - Away - Philadelphia Eagles 12/02 - 1:00 PM - Away - Kansas City Chiefs 12/09 - 1:00 PM - Home - Atlanta Falcons 12/16 - 4:05 PM - Away - San Diego Chargers 12/23 - 1:00 PM - Home - Oakland Raiders 12/30 - 1:00 PM - Away - New Orleans Saints
Greater Charleston Real Estate Report
Kids Eat FREE! SUNDAY The Kickin Chicken Lenny’s Sub Shop 17 North MONDAY Pawley’s Front Porch TJ’s Beef and Brew Atlanta Bread Company Chucktown Tavern The Kickin Chicken King Street Grille Noisy Oyster Fazoli Restaurants Your Pie 17 North Five Loaves Cafe
TUESDAY Applebee’s Chucktown Tavern Fiery Ron’s Home Team BBQ The Kickin Chicken Moe’s Southwest Grill Noisy Oyster Yo Burrito Denny’s Restaurant 17 North
THURSDAY The Kickin Chicken Michelangelo’s Kitchen Sweetwater Cafe 17 North
WEDNESDAY Jason’s Deli The Kickin Chicken Sweetwater Cafe 17 North Brixx Melvin’s BBQ
SATURDAY The Kickin Chicken Sweetwater Cafe Lenny’s Sub Shop
Pawley's Front Porch, Mt. P: 1 adult entrée/2 kids free or 2 adult entrees/ 3 kids free TJ's Beef and Brew, Daniel Island: 1 adult entrée /2 kids free Applebee's, Stewarts Englis Blvd. & Rittenberg Blvd: 1 adult entrée/ 2 kids free Atlanta Bread Company, Mt. Pt: 5 - 9pm - 1 adult entree/1 kid free Chucktown Tavern, Chas: 1 adult /1 kid free Home Team BBQ, Chas & SI: 1 adult entrée /1 kid under 12 free Jason's Deli, Chas: 5 - 8 pm - 1 adult entree/2 kids free The Kickin Chicken, Dodds Blvd, Folly Rd., Rittenberg Blvd and W. Ashley: After 4 pm - kid's meals only $1.99 w/adult entree King Street Grille - Chas, Mt. P and N. Chas: All day, kids under ten eat free w/ adult entrée Michelangelo's Kitchen - Chas: 4-9pm - 1 adult entree/2 kids under 12 free Moe's Southwest Grill - Mt. P., Chas., N. Chas., W. Ashley: 1 adult entrée/2 kids free Noisy Oyster, Chas and N. Chas.: 4 - 7, 1 adult entree/2 kids free Sweetwater Café, James Island location only: 1 adult entrée/2 kids free Yo Burrito, Chas: 5 - 7, 1 adult entree/1 kid under 12 free Denny''s, 2 Chas locations: All day, 1 adult entree/1 free kid Fazoli, W. Ashley: 5 - 8pm - 1 adult entree/2 kids free Lenny's Sub Shop, Chas: 1 adult combo meal/1 kid free Your Pie, W. Ashley: 1 adult pizza/1 free kid's (under 12) pizza Five Loaves Café, Mt. P location only: kids 12 and under eat free from the kid's menu 17 North, Mt. P: 2 adult entrees/ up to 3 kids under 12 free. Brixx, Mt. P: 4- 8pm - 1 adult entrée/2 kids free under 12 Melvins BBQ, Chas and Mt. P: 4-8 - 1 adult entree/2 kids free under 10
The Kickin Chicken Chucktown Tavern
FRIDAY The Kickin Chicken Sweetwater Cafe
“Independently, both Steve and Sheryl bring great knowledge to their Clients, but it’s together, where Clients get the absolute highest level of market edge, expertise, and marketing acumen that creates top level service and success.” Mike and Susan Toohey
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HE EAM Let’s face it – not everyone has loved their past Realtor® experiences. You should. Be enthusiastic about your journey! Steve, is both a Realtor® and experienced SC appraiser. Having an appraiser in your corner gives you first hand knowledge of market prices, a true edge on current market conditions, knowledge of hot selling spots, and an extensive knowledge of our areas. Sheryl brings 20 years of real estate experience, an infallible reputation, and genuine marketing expertise. As an extension to her business, Sheryl launched a real estate marketing company that specializes in cross channel real estate marketing and the listings of Tideline Realty. You’re in charge of your real estate experience. Choose expertise and knowledge but also chose ease, approachability, and enthusiasm! We hope for the opportunity to be a part of your real estate experience. Call or email us to schedule your complimentar y home market analysis at 843.737.6260 or Info@TidelineRealty.com
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TEVE E ARCO – Having lived in Charleston for over 35 years, I have experienced the growth of Mt. Pleasant, the rebuild of the Greater Charleston area since Hurricane Hugo, and the evolution of Daniel Island, where my family and I currently reside. After attending Ole Miss, I pursued my passion of the restaurant industry, which included being the proprietor of The Market Street Mill, Jimmy Dengate’s, and The Griffon Pub where I met my wife of 12 years – Melissa Runey-DeMarco.
I pursued my Real Estate career to allow more time for our family and our 4 active daughters, Alexis, Isabella, Olivia, and Sophia. Our family spends many hours on the soccer fields, tennis courts, game nights, and doing homework! Having both of our extended families nearby, we spend many weekends together at the pool, beach, and at Edisto crabbing and fishing.
Both Melissa and I are grateful to be able to raise our children in the Lowcountry, with the “Lowcountry lifestyle,” and are looking forward to the continued growth of the Charleston area! Call or email me at 843.442.1520 or Steve@TidelineRealty.com
SHERYL SCHOLER – Two decades have passed since first writing about my career in real
estate. I’ve seen the days of 11% interest rates, the boom of multiple offers in one hour time, our recent recession, and now the healthy rebound embracing Charleston. Every step of the way, I have loved and encompassed my career in real estate and the marketing that sets it apart. My career has included working in new home construction, the resale market, and as an extension, a marketing company that specializes in Real Estate. That company today still exists (with the help of a great team) and now, is excited to market the listings of Tideline Realty. Our family (including hubby Robert, our C of C student Jordan, son Will and our youngest daughter Molly “Blondie”) enjoyed many years living in Bucks County, PA traveling to horse show competitions and boating at the “Jersey Shore;” however, the minute our eldest graduated high school (the very next day to be exact) the moving van moved us to our very favorite place – Charleston, SC! We now enjoy warmer seasons, long beach days, time at Seacoast Church, and much porch time with friends! We consider ourselves so blessed to be a part of Charleston. Call or email me at 843.737.6260 or Sher yl@TidelineRealty.com
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Tideline Realty Group Operates within Beresford Realty, LLC