If you’re shopping around for a new home (or just found a new hobby on Zillow during quarantine), you may not be surprised to hear that Columbia’s housing market is moving fast. The cause? The simple economics concept of supply and demand. Simply put, demand is pretty high for houses in our area right now, but supply is low.
Therefore, available homes are selling quickly + the price is most frequently in favor of the seller — this means it’s currently a sellers’ market. According to WLTX, many local homeowners are selling their homes in 24 hours or less + buyers are competing to offer the best price(which may be well above market value).
So what’s causing the increase in demand? Due to the pandemic, banks are offering loans with interest rates at an all-time low, making the home buying process more affordable for many.
Numbers that hit home 🏠 62.4% — The percentage of houses currently for sale across the Midlands compared to this time last year, according to Consolidated Multiple Listing Service 🏠 14.8% — The increase in median price of homes sold since this time last year, according to SC REALTORS 🏠 23 — The difference in a home’s average number of days on the market now, compared to this time last year, according to SC REALTORS
Send this newsletter to a friend who’s currently in the market for a new home in the Midlands.
Number ○ 150. The number of jobs that will be created by the parent company of Palmetto State Armory’s $61.7 million investment into the former Akebono Brake plant in West Columbia. Plans for the former manufacturing site are unknown. (The Post and Courier)
Development ○ The developer for the previously announced redevelopment plan for the former Kline Iron and Steel site is looking forpartners or buyers for the site’s real estate. The original plan would create office, hotel, and retail space; however, the developer believes the plan no longer fits the market due to COVID-19. (The Post and Courier)
WaterCooler ○ The NFL Draft begins tonight + you may notice a few Gamecock names in the mix. Junior Jaycee Horn, a corner, is predicted to be a round 1 draft pick. Shi Smith, Sadarius Hutcherson, Israel Mukuamu, and Jazston Turnetine may also be drafted. 🏈 (The State) ○ The 1st annual Midlands Combinewill take placeSat., May 1, and is looking for athletes to participate. The event will include 10 athletic events and is open to individuals and teams. Registration is $100 per participant + all proceeds support Transitions Homeless Shelter and the SOAR Columbia Athletic League. 🏋 (Soda City BizWire)
Watch ○ Richland County Sheriff’s Departmenthas begun negotiations with Live PD to reappear on the show. The department had been featured on the show since 2016 until it was canceled last year. 🚓 (WLTX)
UofSC ○ The Colonial Life Arena’s liquor license — which allows the venue to serve drinks to fans 21 and older — has been renewedthrough Aug. 31, 2022. Williams-Brice Stadium has also applied for a new liquor license; however, this has not yet been approved. 🍺 (The Post and Courier)
Edu ○ Midlands Technical College announced it will continue to freeze its tuition for the 2021-2022 school year in light of the coronavirus pandemic. The majority of the school’s classes will be offered in-person for the Fall semester; however, flexible learning options will be available as well. ✏️ (CRBR)
Announced ○ The deadline to get a REAL ID in order to board domestic flights + enter select federal buildings has been extended to May 3, 2023. South Carolina residents can learn more about the requirements + make an appointment to get a REAL ID here.
Digs ○ Historically known for the vast number of Clearwater brooks in the area, Brookland embraces its unique spot giving residents unparalleled views of the Congaree River and downtown Columbia’s city skyline. 🏙️ Ⓟ
Travel Already daydreaming about that summer road trip?AllSouth can help you make sure your car is road-trip ready with theirauto loansfor new or used vehicles. When you’re ready, you can fill out their loan application to see if you’re pre-approved. 🚗 Ⓟ
FeaturedJob ○ We’re Hiring.6AM City is looking for a passionate, eloquent, and driven Digital MediaSales Representative that is eager to work in a multi-market sales environment with high growth potential. Ⓟ
Click the button below for local resources regarding the coronavirus.
We’re interrupting your regularly scheduled newsletter content to share this memory of Dawn Staley (Head Coach for the Gamecock Women’s Basketball team) scoring a touchdown in the 2014 Garnet and Black spring game. The SEC Network brought up this memory on our timeline yesterday and we couldn’t help but share it with y’all.
If you don’t remember the play, or just want to watch it again, check it out here + read a recap of the play here.
#DYK that your photo could be featured in our newsletter? Just use #COLAtoday on social media.
Show ○ Grace Potter | Thurs., Apr. 29 | 7:30 p.m. | Columbia Speedway Entertainment Center | $40 | Grab a few friends to enjoy this show — tickets are sold in groups of 4. 🎤 ○ Concert in the Gardens| Thurs., Apr. 29 | 5-7 p.m. | Hampton-Preston Gardens, 1615 Blanding St. | $50+ | The South Carolina Philharmonic presents a beautiful concert of light classics. 🎻 ○ Matt Stell | Thurs., Apr. 29 | 8 p.m. | The Senate | $22 | An evening of live music on the big stage. 🎵
Dish ○ Low Country Boil| Thurs., Apr. 29 | 6-9 p.m. | The Grand | $50 | Tickets include unlimited food, 2 beer tickets + live music by Carter Lybrand. 🦐
PlanAhead ○ Community Blood Drive | Mon., May 3 | 10 a.m.-3 p.m. | Koger Center, 1051 Greene St. | As the need for donations is urgent, donors will receive a free t-shirt and $20 VISA card — register here. 🩸Ⓟ
Disclaimer: It is up to readers’ discretion to determine whether they feel comfortable participating in any mentioned events based on COVID-19 protocols and precautions. If you have questions, please contact the event’s organizers directly.
The new Bombas spring collection features bright, unmissable patterns like tie dye, triple-colored Tri-Blocks, and tropical-inspired Wild Wear. They also made new All-Purpose Performance and Performance Running socks, designed with Hex Tec — Bombas’ signature sweat-wicking, stay-cool performance material — to keep feet comfy during any sweaty activity.
If you’re more of a casual stroll person, their new No Shows come in regular and low-cut styles, so they fit perfectly under spring slip-ons. Ⓟ