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Record-low interest rates draw in home seekers; Gothic-style condos on way to Charleston | Real Estate

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Home showings surge in August amid record-low interest rates

Charleston-area home showings skyrocketed in August as prospective buyers tried to take advantage of record-low mortgage interest rates.

The region saw a 35.1 percent spike in people looking at homes for sale, either in person or online, after a 25 percent increase in July and a nearly 30 percent jump in June, according to the ShowingTime Showing Index.

The increases follow the pandemic-induced lost showings in March of nearly 14 percent, and a whopping 26 percent plunge in April when stay-at-home orders were in effect across the state and nation before being lifted in May and June.

Nationally, showings soared 62 percent per listing in August as droves of prospective

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Gothic-style windows are a selling point for pricey condos coming to Charleston | Real Estate

Work has begun to transform a historic downtown Charleston building’s upper floors into luxury residences with a seven-figure starting price.

Colorado-based developer East West Partners is redeveloping the iconic three-story structure at King and Wentworth streets into 12 top-end living quarters on the top two floors. The condominiums will be called 71 Wentworth and start at $2.4 million.

Construction won’t be completed until early 2022, but the developer is now offering units for sale.



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The circa-1872 building, with retail shops on the ground floor, is being renovated for the loft residences as well as undergoing a full exterior restoration to its original Tudor Gothic Revival-style appearance.



71 Wentworth rendering

A rendering shows what the building at the corner of King and Wentworth streets in downtown Charleston will look like after renovations. Provided/East West Partners


Central to its look are its arched windows that span 12 to 18 feet in height.

Designed

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