Tag: charleston sc
If you passed by a flag today and wondered why it was at half mast, it is because it is Carolina Day.
Carolina Day remembers the Battle of Sullivan’s Island. Today is the 236th anniversary of the major setback to Britain during the American Revolution.
From today’s Post and Courier
On June 28, 1776, when the Declaration of Independence was being hashed out in Philadelphia, the British Navy descended on Fort Sullivan at the south end of the island as thousands of ground troops simultaneously tried to cross Breech Inlet to take the island’s north end.
It was part of Britain’s southern strategy to mobilize loyalists in the South Carolina backcountry and control one of the colonies’ most important ports.
Commodore Peter Parker aimed the might of the British Navy at the palmetto-log fort guarding the harbor entrance while Gen. Henry Clinton tried to take the island with 3,000 troops that had landed on Long Island (now Isle of Palms).
The most famous detail of that day remains the spongy palmetto logs of Fort Sullivan repelling British cannon fire — a detail that guaranteed the palmetto its place as a state icon. But Mac-Intyre said the battle at Breech Inlet was perhaps even more impressive.
Residential Real Estate Sales Volume Continues Growth; Prices Follow Suit
Inventory Continues Decline; Nears 6k Mark
CHARLESTON, SC—(May 11, 2012) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 831 homes sold at a median price of $183,000 in April. There were 24,213 property showings recorded by the MLS in April.
Last April, preliminary figures showed 776 homes sold at a median price of $175,000, following an almost equal number of property tours.
“The number of showings our REALTORS® are completing in 2012 is almost equal to the number of showings we saw in 2009, when the market was significantly depressed, but inventory was much higher. This tells us that the prospective buyers in today’s market aren’t just looking. They are serious buyers, making offers and closing transactions” said 2012 CTAR President, Herb Koger.
Heading into what is typically the busiest season of the year, year to date figures reflect a market that is in the midst of sustainable, healthy growth. Inventory is 29% lower than it was at this time last year; sales volume is almost 6% ahead and prices have increased a healthy 4% from this time last year.
“There has been a substantial decrease of inventory in the last 12 months and a far more serious mindset by those looking to purchase a home—there are fewer homes to choose from, prices are increasing and interest rates remain at unprecedentedly low levels. People have a renewed confidence in our market and buyers are moving much faster than they did in the past few years” said Koger.
There were 6,361 homes listed as actively for sale in the CTMLS as of May 10, 2012. On May 10, 2011, there were 8,899 homes for sale.
476 homes sold at a median price of $228,125 in Charleston County in April. This represents an increase in sales and pricing from April 2011’s 451 sales at a median price of $208,000.
Full article here on CharlestonRealtors.com
I stumbled across this blog post by a Washington DC mom who recently vacationed here in Charleston and I hope we can find a way to help her with the answers she seeks:
I experienced my first trip to Charleston, SC this past weekend and what a time it was! I fell in love with the town. People were friendly, the seafood was incredible, block after block had laid back bars and stylish yet understated restaurants. Kids walking around seemed calm, looked nice in their collar shirts and everyone just seemed more relaxed than parents here in the Washington, DC area. Did I see the real Charleston or was it just a vacation state of mind?
I’m under the impression the South (it’s South to me; I grew up in the midwest) is a better kind of life, more slower-paced and comfortable than the East coast. I’d love to hear from moms out there if this is true.
Does being able to drive to the beach in fifteen minutes make life more livable? Or do Charleston moms have the same daily frustrations I have, like running around like a lunatic trying to get their kids to camp on time, searching for missing shin guards and worrying their kids are eating too many Pringles while they’re at the office?
Is the grass always greener?
So come on, area moms, share your Charleston mom experience with her! Tell her we sent you. http://www.erinmantz.com/charleston-moms-more-content
I remember my first visit to a Baskin-Robbins Ice Cream store when I was a child. There were more flavors than I had ever seen before all at a price my parents were willing to pay! How could I decide which was best? I was used to vanilla, chocolate and strawberry, but now there was mango, peach, caramel and cream, and about 27 other flavors to choose from. What was I to do?
Today’s real estate market is kind of like that. There are so many homes and neighborhoods available at great prices. How can a person decide on what to choose? If you are in the market for a new home, how can you avoid being mesmerized by the 33 flavors of homes available to you? Before you start looking, know what you need! Answer some questions before you go. The first answer you need is to the question of what you can afford. Here are a few others to consider:
- How big of a home do we need?
- Will three bedrooms and two bathrooms work? Or do we need more?
- How many square feet of air-conditioned space do we need?
- What size lot do we need?
- Do we want a large lot?
- Are we interested in a small lot?
- How much yard work am I willing to do?
- Are we interested in a townhome or condominium?
- What schools are nearby?
Once you’ve established your needs and balanced them with your wants, your Realtor® can focus the search on that target. Your Realtor® will preview a selected group of homes before spending your time in actually visiting everything in the mix. You should be able to find your home within 5 to 10 homes that you visit.
Remember Baskin – Robbins? I got sick sampling as many flavors as I could and never bought one scoop. Avoid the stomach-ache in your search by knowing what you want before you go to market.
Selling or Buying, Your agent matters.
You recently decided that the time has come to sell your home. You probably met with several Realtors®, asked each a few questions, then selected a listing agent. Or maybe you already knew someone who sells real estate, so your decision was pretty simple.
The fact that your listing agreement recently expired and your home is still on the market leads me to believe that things didn’t work out as you hoped they would.
It’s a frustrating and unnerving experience to have your listing expire without a sale.
There are several possible reasons your home didn’t sell—your home’s condition, the price, etc.—but my experience has been that when a home fails to sell, there’s usually some kind of communication problem between the Realtor® and the seller.
Now more than ever, choosing the right Realtor® will make all the difference in the world. But how do you make the right choice? How do you make sure you don’t end up in the same situation again?
Unfortunately, most people don’t know the questions to ask a prospective agent. Nor do they know what answers they should look for.
As a Realtor® who has worked with hundreds of sellers, I’ve found that those homeowners who take the time to find the right agent are consistently happier with their home-selling experience than those who don’t. It’s the first and most critical step in selling your home.
This Sunday at Boone Hall Plantation come say hello to many Dunes Properties agents, employees and even our President himself, Randy Walker. We’ll be volunteering on behalf of Hollings Cancer Center and serving up buckets of oysters at the 2010 Lowcountry Oyster Roast.
The Greater Charleston Restaurant Association sponsors the festival and they go through about 65,000 pounds of oysters. This event has been named in the “top 20 events in the southeast” by the Southeastern Tourism Society.
The festival offers many other food options from local restaurants as well entertainment, contests and activities for kids. Proceeds benefit the Ronald McDonald House, Hollings Cancer Center, Travel Council and Charleston County Science Materials Resource Center.
Here’s a few facts about oysters:
- There’s no way to tell males from females by their shells and they may change sexes a few times in their lifetime
- Oysters can be eaten 12 months a year (not just ones ending in “r”). The “r” myth probably came about when oysters needed to be shipped and there was inadequate refrigeration in the warmer months
- Oysters are nutritionally well balanced and recommended for low cholesterol diets
Bring your gloves, shucking knife, and appetite! We hope to see you there.
When I look at our real estate inventory and the numbers of days most are on the market, the answer may be that it is not! Generally speaking, there are a number of factors to consider when selling your home. One of the most critical is the listing price.
Many people set the list price of their home based on their ‘needs’ rather than what the market is saying about the value. Well meaning, but misinformed parties may offer advice that is based on incorrect assumptions. The home owner may allow their own positive emotions about the home to influence what they think the house is worth. Some home owners think they need to allow a negotiating cushion in their listing price. What is the result of any of these pricing strategies? A listing price that is above the current market value!
Houses that are priced at or below the current market value draw buyers and sell quickly, even in a buyers market. Well priced homes will sell in a shorter time and at a higher sales price.
It seems that every day we read conflicting information about what the real estate market is doing. One day sales are down and the next day they are up. One report tells you that prices are falling and the next report tells you that they have stabilized. It makes you wonder if there is ever a good time to jump into real estate. You are waiting for the perfect conditions when prices are at there lowest and interest rates are low.
If you have already calculated what you can afford in monthly payments, it doesn’t really matter if prices fall are if interest rates rise. What matters is what the combination of price and interest produces as a monthly payment. If price fall and interest rates rise, has waiting for the lowest price reduced your monthly payment?
The median price of homes in Mt. Pleasant, SC has been moving in the range of $214,000 to $229,000 in the last few years. Let’s pick $218,900 as a median price for a 4 bedroom, 2.5 baths home. Mortgage interest rates have been around 5% recently for a 30 year fixed rate mortgage. If you put down 20% your monthly principle and interest payment would be $940. What happens if the price decreases by 5% but interest rates go to 5.5%? Or if the price decreases by 10% but interest goes to 6%?
Price Down 5% Down 10%
Interest Rate 5.5% 6%
Monthly P/I $945 $945
While the price of the home decreased, your monthly payment changed by less than $5.00!
There are great homes available for you and your family. Interest rates will rise. Why are you waiting? Call me for more information.