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Island Realty chosen to market Coosaw Point
We are happy to announce that
the developer of Coosaw Point has asked Island Realty of the Lowcountry
to handle the sales and marketing of this Incredible river front
development located on Ladys Island. We are the exclusive on-site
real estate company and will be working closely with all of the owners
and interested buyers. We will handle all of the developer's property
and look forward to a successful 2010. If you have an interest in
Coosaw Point please do not hesitate to call us. Learn more visit www.coosawpoint.com
Click her to see Coosaw Point HotSheets
Sales Points in Lifestyle Communities
We are often asked, "What's selling?" We have compiled the chart below to answer just that. In an attempt to see where the market movers are we set out to choose like communities similar to those we specialize in and determine just what price points are selling. We made a subjective choice that includes communities such as Fripp Is., Harbor Is., Dataw Is., Distant Is., Coosaw Point, Cat Island, Habersham and others. The data indicates that the majority of the properties selling are in the $200,000 to $450,000 range. For those of us following the market this is no big surprise.
Data taken reflects homes sales YTD
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1 = 101k to 200k
2 = 201k to 300k
3 = 301k to 400k
4 = 401k to 500k
5 = 501k to 600k
6 = 601k to 700k
7 = 701k to 800k
8 = 801k to 900k
9 = 901k to 999k
10 = $100,000 and up
| Additional information provided by this query listed below
Total number of sales ~ 148
Average sales price ~ $416,000
% of asking price obtained ~ 91.5%
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Nine Consecutive Gains for Homes Sales
| Pending home sales have risen for nine months
in a row, a first for the series of the index since its inception in
2001, according to the latest survey. The Pending Home Sales Index
increased 3.7 percent to 114.1 from 110.0 in September, and is 31.8
percent above October 2008 when it was 86.6.
Read the release >
View the video >
View Pending Home Sales Index >
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Forecast for 2010
| NAR Chief Economist Lawrence
Yun, 4.4 million Americans look to take advantage of the home buyer tax
credit before it expires by the middle of next year.
Read the entire forecast >
Distressed Properties |
335 Pleasant Point
Deep Water
$816,750
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BCV 184
Waterview
$279,000
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66 Davis Love
Marsh/Water View
$699,000
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Located on the ICW
MLS # 122163
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Excellent condition
MLS # 112724
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Best value
MLS # 108344
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properties are considered to be among the best values in our market.
Most if not all sellers are very motivated and have priced their
properties accordingly. If you would like to see our complete list
of "Distressed Properties" click on the link below
Show me more Distressed Properties
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Interest
Rates
November home sales showed
a 7.4% increase and gave further support that the economy maybe turning the
corner. The last few economic releases have all shown that the employment
and housing picture is indeed getting better, although not as strong as some
would like. This is testimony to the huge government spending bill that is
finally showing some results. However the recovery is expected to be slow
with a few bumps on the way.
As a
result of the stronger economic numbers mortgage rates have moved to their
highest level since August. The 10 year yield hit 3.75% this week and
mortgage rates have moved to just below 5.00%.
Tom DiDonato
Loan Officer Tidelands Bank
946 orleans road,
charleston, sc 29407
office: 843.513.1936
cell: 843.345.6368
fax: 843.513.1876
email: tdidonato@tidelandsbank.com
Retail Investors to Enter Market in 2010
Deal shoppers will see low-cost acquisition opportunities as consumers step up
purchases, strengthening retail properties.
Read more >
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