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Mobile: 1-843-224-3628 Office: 1-843-224-3628Website Agent Listings Contact Bambi Magraw
Carroll Realty, Inc.
Mobile: 1-843-607-9429 Office: 1-843-607-9429Website Agent Listings Contact Bob Rosene
Coldwell Banker Realty
Mobile: 1-843-312-0696 Office: 1-843-312-0696Website Agent Listings Contact Yvette Grist
You may have heard that the local housing market is thriving. Thus, selling your property in the Isle of Palms now will be a profitable business! Call local real estate agents in Isle of Palms SC to find out how you can maximize your revenue! By contacting professional realtors in Isle of Palms SC, you can relax and pick the best offer for your house! Let them assume all responsibilities! Realtors in Isle of Palms SC will prepare and stage your home for sale. Besides, they will market it on various online and offline platforms. And finally, they will be there for you on closing day with all the essential paperwork meticulously completed. In a nutshell, local real estate agents in Isle of Palms SC will be your perfect partner throughout the whole process of selling your estate! Read on to discover what makes this resort town such a unique investment opportunity!
We must say you’ll need a substantial income to afford real estate in the city right off the bat. Don’t get discouraged yet! The truth is that the housing market in Isle of Palms has been experiencing a visible and pretty impressive surge in home prices since May 2021. Back then, the median sale price was approximately $1.6 million. Fluctuations in values emerged in the meantime, for sure. However, they started peaking and reached an all-time high with around $1,720,000 as of December 2021. This exorbitant price translates to a 72 percent increase in property values once compared to 2020.
Additionally, real estate can cost even five times more than the average in South Carolina. Under such circumstances, local home sellers tend to wait to sell their homes to get the highest bid. Thus, real estate in Isle of Palms, SC, sells after 70 days on average compared to around 109 days a year before (2020.) Therefore, we can conclude that the housing market hasn’t been particularly competitive during the pandemic. Still, there is a bright light of hope for house-hunters, though. Properties sell two percent below the listed price.
Renting an apartment in the city can reach the double value of the average rent in South Carolina. Rentals in the town are also available for an average of $2,000. Don’t forget! Local real estate agents in Isle of Palms SC can give you a precise picture of local housing trends along with unique property offers!
How come home prices are seemingly so excessive? To understand the situation better, we must study the area’s economy:The unemployment rate in Isle of Palms, SC, is extraordinary, with only 4.4 percent instead of the national average of six percent. The economy showed improvement with a positive, 0.7 percent job growth. Besides, market specialists expect it to increase by around 36 percent in the next decade. In addition, the local median household income was approximately $175,000 at the beginning of 2022. Lastly, the poverty rate in Isle of Palms, SC, is insignificant, with only 5 percent instead of the US average of 13.7!
While all essential industries get a local representation, the most significant part of the population found well-paying jobs in the following domains: tourism, education, healthcare, manufacturing, retail trade, construction, and professional and technical services. The major employers in the area are as follows: Wild Dune Resort, Cigna, C. R. Bard, Inc.., Merry Maids, etc. All of them offer promising opportunities for career advancement. Get in touch with local realtors in the Isle of Palms SC to get more details on the local economy!
Isle of Palms in Charleston County is situated by the Atlantic Ocean and 15 miles east from downtown Charleston! The city has a whole area of 5.44 square miles. According to the 2022 census, the population of Isle of Palms was 4,408 residents. The town benefits from its vicinity to the ocean by all means. As a fashionable resort location, Isle of Palms features a colorful variety of open-air and indoor activities. Local real estate agents in Isle of Palms will assure adventure seekers that they find plenty of sunshine and pristine sands on the Beach. Here, the sunrises and sunsets are the most spectacular! Are you a thrill-seeker looking to boost those adrenaline levels? Speed up your daily routine on a jet-ski! Then, try local watersports by embarking on a banana boat! No heights can be too extreme attending a jaw-dropping paraglide!
Coastal expeditions are available with the South Carolina waterways to get to Charleston by water!
You’ll find the Isle of Palms County Park close to the beach. Families and pets alike will have a jolly good time here! Also, you can enjoy volleyball courts, outdoor barbeque areas, and a playground. Under no circumstances should you skip Shem Creek Park if you wish to befriend a dolphin! Did you get hungry yet? Then taste the beach grill at Coconut Joe’s with some exotic tropical cocktail while listening to live music! We recommend visiting the Isle of Palms Recreation Department and the Sullivan’s Island Lighthouse in the city!
The resort town offers the ultimate sunshine fueled escapism from the monotonous metropolitan environment. The beaches, waterfront views, plenty of sports opportunities will most definitely make you believe you’ve just arrived in paradise. Locals and tourists are seemingly trouble-free as they surf, walk, or merely watch the dolphins. The Intracoastal Waterway will cut your breath away with rich wildlife and watersports.
Residents registered a remarkably high livability score in the region. People are pleasant and nourish a sense of community. Realtors in Isle of Palms SC will be quick to inform you that crime rates in the town are 55 percent lower than in the rest of the state. Besides, the streets and neighborhoods are kept clean. On the downside, real estate prices are slightly high, and the living expenses are typically above the national average. In addition, the traffic can be a nuisance in peak tourist season.
Nevertheless, do we advise you to move here? In short, do it by all means! Ask local real estate agents in Isle of Palms SC to confirm this! The booming local economy with a growing job industry, low crime rates, exceptional schools, and the place’s good vibes make Isle of Palms the ideal moving destination.