A recent article in Charleston SC’s flagship daily newspaper, The Post and Courier, heralded the return of buyers to the Lowcountry’s luxury home market. With mortgage rates still near the bottom of record lows and local home prices on a steady rise, it certainly is a good time for anyone to enter the home buying arena. For the luxury home buyer, the attraction of buying a home today in Charleston’s high-end real estate market is powerful.
By definition, a “luxury home ” is generally considered a home priced in the top 5-10% of any given real estate market. But ask a Realtor how they define luxury home and you’re likely to get a variety of different answers. What usually tops the list is location, architecture, discriminating amenities and, of course, breathtaking views. A luxury home in this high end real estate market includes houses that deliver on many, if not all of these. A gracious home in Charleston’s coveted historic district may include both exquisite architectural detail and sweeping views of Charleston Harbor.
You’ll find lavish, beachfront homes with stunning views of the Atlantic Ocean or homes tucked into lush, natural settings with endless views of Lowcountry rivers and marshes. The Charleston real estate inventory of luxury homes includes plantation style equestrian properties with custom built homes and spacious barns.
Real estate market trends indicate that today’s luxury home buyer includes not only affluent buyers looking for a second or third vacation property, but also successful young professionals and retirees. On the increase too, are international buyers looking to purchase investment property abroad. Charleston’s distinction as a world class city, a result of its continued international notoriety thanks to topping “Best of ” lists at Conde Nast Traveler and Travel + Leisure, in addition to its attractiveness as a coastal, resort community, has heightened the interest of overseas buyers.
Note: Our staff at Luxury Simplified Real Estate includes Realtors that bear the CIPS designation (Certified International Property Specialist). Not only are these Realtors accomplished and qualified to help local buyers, their specialized training allows them to skillfully assist international buyers looking to fulfill their goal of owning a luxury home in Charleston or the surrounding Lowcountry of coastal South Carolina. Ready to start? Find the best resources, chalk full of information, guides and local tips, here:
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