04/27/2026
Charleston real estate sales were a bit better in the first quarter of 2026 versus Q1 2025. Q1 2026 was up 2.4% in transactions versus Q1 2025. And the median price of closed sales was up 3.4% compared to Q1 2025. Right now the median price of homes and condos in Charleston is about $450k. Condos make up about 25% of our market. The median price of single-family homes only is naturally a bit higher at $480k. It’s a bit early in the year to make predictions yet. The Fed did cut the rates one more time in early December. Unfortunately, inflation has ticked up a good bit and it is unlikely that there will be any more rate cuts for the foreseeable future.
Meanwhile, the Charleston economy is doing well. Ascenda Capital, a real estate investment and development firm, has acquired the multifamily property known as Bryant at Summerville for $51.5 million. The third MUSC Health Nexton location broke ground with an $87 million Nexton Medical Pavilion. The pavilion is expected to serve 800 patients daily, focusing on an anticipated growth of 29,000 people in Summerville and Moncks Corner over the next five years. Roper St. Francis broke ground on Mount Pleasant Health Pavilion, a 68,000- square-foot facility to offer multiple medical services including ER imaging, women’s health, and oncology services. A new collection of mixed-use buildings is turning Hanahan’s town center into a community hub. Blackwells Corner will break ground in June, adding six buildings to the current TideLine Aquatics storefront. The property will include dining, retail, fitness studios, salons and office space, all spanning more than 40,000 square feet, with a central lawn and outdoor dining areas. The Cooper hotel opens March 30 after years of delays and construction. It features 191 rooms, including 25 suites with rates up to $16,700 per night and is located on the Charleston waterfront between Waterfront Park and Union Pier. Woodfield Development, a multifamily real estate developer, and PGIM, a real estate investment manager, began construction on 114 downtown Nexton townhomes. The Radler townhome community is the 20th property under Woodfield Development ownership in the Charleston region. Woodfield has delivered more than 4,600 residential units. AVM Group, a national provider of turnkey controlled environments is establishing its national headquarters in Mt Pleasant. The company’s $5 million investment will create 30 new jobs. Ethiopian Airlines is moving ahead on the purchase of six Boeing 787 Dreamliner jets as the airline fully exercises commitments from a 2023 order.
