While a nine percent decline in your local real estate market might seem like bad news, in South Carolina, you are the best. The 9.2% drop in Beaufort homes sales was the lowest of any South Carolina real estate market. Homes sales in Beaufort seemed like a dream come true compared to the Orangeburg, SC market, which fell an amazing 34%. If you have ever been to Orangeburg, that's certainly no surprise. Sorry Orangeburgonians. As far as the South Carolina real estate market goes, SC homes sales fell a whopping 24% compared to 2007. This is great news for us Beaufort SC real estate agents, home sellers, and anyone else involved in the world of real estate.
There are certain factors that always seem to keep Beaufort above average when it come to
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Today I had a client ask me about Fripp Island and how sale were going out there. Long ago I stopped being surprised by how down the market is. Though that may be the case, I was thinking resort areas are doing still pretty good. After all, people who own homes in a beach community are rich, right? Well it seems that this housing slump hasn't even spared luxury home owners.
This morning, after taking a holiday break, I attended the first ERA Evergreen Company meeting of 2009. When I arrived, the office was buzzing, and everyone sure seemed busier than I remember in the past few months. With my eyebrows raised, I asked several of my colleagues if things were picking up for them. Every agent I asked had that gleam in their eye and said, "Yes, things are picking up". No doubt 2008 has been a less than stellar year financially and especially for real estate in general. So I had to ask my self, "Is 2009 going to mark the turn around for us beat down real estate agents, home owners, and anyone else involved in the real estate business?"