“Real estate, Charleston, SC” could be the rallying cry for anyone wondering where to make a sound investment. Why?
As the population continues to age, Baby Boomers are flocking to the coast. Coastal property is certainly not out of their reach. Statistics show this is one of the wealthiest generations in our country’s history and there are tons of them. In fact, one story in Newsweek states that there will soon be more people aged 65 and over than have ever lived on the planet!
Growth in the Southeast continues to impress all the marketing experts. There are large population centers within 300 miles of Charleston in all directions, and the impressive growth of the Charlotte and Raleigh/Durham areas continue to provide a steady stream of vacationers to the Charleston area.
Improved roadways have opened new growth corridors. The “real estate, Charleston, SC” cry could be accented with a “thanks DOT.” I-526 in itself has opened up a multi-billion dollar master- planned community called Daniel Island, and extending I-526 in the other direction across Johns Island would certainly offer more opportunities for development. Real estate investors who have heard the “real estate, Charleston, SC” cry are already snatching up large tracts of land all over Johns Island, most of which is less than a half-hour from downtown Charleston.
God is certainly not making any most coastlines (unless California drop off into the ocean and Nevada becomes beaches)! As more and more people are drawn to the coast for vacation and eventual retirement, the price of land and the houses that sit on it will continue to appreciate beyond the healthy appreciation the area currently experiences. As folks migrate up the coast away from Florida, the prices they encounter in Charleston seem to be bargain basement!
Looking for a great investment? The pick up the “real estate,
Charleston, SC” banner and join in the stampede. Get in early and avoid getting trampled.
Posted on August 28th, 2007 by Bill
Filed under: Charleston Real Estate News