In a recent Financial Times article, “Charleston’s blossoming tech scene draws in young buyers,” William Means Broker-In-Charge Helen Geer and Director of Sales Drew Grossklaus were tapped for their insider knowledge of Charleston’s ever-changing real estate market.
“We’re getting a lot [of buyers] in their thirties looking to purchase $1.5m to $3m homes,” says Helen Geer of William Means Real Estate. “They come here for executive roles or they might have a tech company they can run from Charleston.”
According to Geer, the agency is receiving multiple offers on many of its properties. “The average listing is about 60 days – less than half of what is was in 2012 – and wait times on homes in the most sought after neighborhoods can be up to a year.”
“Developers are desperately seeking land throughout Charleston, but planning restrictions are directly at odds with development growth,” says Drew Grossklaus of William Means.
An influx of younger buyers and a booming economy are to be welcomed, but it seems Charleston is not yet ready to relinquish its grip on the past just yet.
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