About dunes properties of Charleston

dunes properties of Charleston is a real estate, vacation rental and property management company representing the Lowcountry with almost 80 exclusive Charleston beach vacation rental properties, 70 real estate agents and employees, four full-service offices. Nobody knows the Charleston Coast better.

Isle of Palms Office

1400 Palm Boulevard
Isle of Palms, SC 29451
843.886.5600

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Folly Beach Office

31 Center Street
Folly Beach, SC 29439
843.588.3800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


The Real Estate Studio

214 King Street
Charleston, SC 29401
843.722.5618

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Kiawah Seabrook Office

1887 Andell Bluff Boulevard
Johns Island, SC 29455
843.768.9800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


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Market for Vacation Homes Is on the Rise

Market for Vacation Homes Is on the Rise

I just blogged an interesting article in the WSJ on vacation homes and how in some markets sales activity is on the rise. So I decided to compare how the Wild Dunes market did over the past two years – 2008 versus 2009 and then 2009 versus 2010. I used only residential sales, homes and villas, no vacant home-sites were included.

Here’s what I found:

There was a 12% decrease in the number of sales in 2009 versus 2008, and the average sales price was 18% lower in 2009 versus 2008.

Now, here is the interesting thing:

There was a 46% increase in the number of sales transactions in 2010 over 2009, and the average sales price was down just 3%.

Buyers watching Wild Dunes understand that prices are at 2004 levels or lower, that the inventory is moving and that sellers now more than ever are willing to negotiate. With prices and interest rates this low, more and more buyers are moving into the market. As the article in the WSJ says, “The proverbial train has left the station.”

Click here to read the article. Want to discuss?

Betty Poore
843-442-1889
Betty@BettyPoore.com

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