Real Estate News 
Here in the real estate news section of our blog, we cover everything relevant to today's property buyer and seller. Because real property ownership is the backbone of America's financial system, issues affecting this industry are wide ranging. Everything from zoning, taxes, interest rates, new community developments, land preservation and various other topics all play a part in the market.
There are currently 28 blog entries related to this category.
Walling Grove Home Sold by Lowcountry Properties' Keith Strawn
Sunday, January 8th, 2012 at 10:54pm. 52 Views, 0 Comments.
One of the gratifying aspects of selling real estate is helping really nice people buy a perfect new home. It's particularly gratifying when the really nice people get a whale of deal.......and when they are newlyweds!
We were fortunate enough to be able to help just such a couple a week or so ago, as they purchased a super, like-new home in Walling Grove, a terrific neighborhood on Beaufort's Lady's Island. This 2524 square-foot-home, located at 229 Green Winged Teal Dr. in the heart of the neighborhood, is yet another example of the seemingly endless array of incredible real estate opportunities available in today's real estate market.
The home had originally been listed at $450,000 way back in 2009. After two years of chasing the market, the sellers…
Islands of Beaufort Waterfront Lot Sold by Lowcountry Properties
Tuesday, January 3rd, 2012 at 10:50pm. 57 Views, 0 Comments.
Investors are always looking to buy for pennies on the dollar. We have been encouraging real estate buyers and investors for more than a year now that there are truly amazing real estate opportunities available in Beaufort's best areas for pennies on the dollar.
Recently, Lowcountry Properties' agent, Keith Strawn sold 10 Anchorage Drive in Beaufort, SC. This was an opportunity to buy a waterfront homesite, in one of Beaufort's best neighborhoods, for pennies on the dollar. 10 Anchorage Drive overlooks a tidal creek within Islands of Beaufort, with the potential for a dock.
10 Anchorage Drive Purchased just a few short years ago for $280,000. The asking price on this attractive building site was just been reduced to an astounding $99,000. Heck, this…
Sluggish Economy Making for Plenty of Great Beaufort Deals
Monday, January 2nd, 2012 at 11:24pm. 71 Views, 0 Comments.
Once in a while, it's nice to just take a moment, and reflect on some of the incredible opportunities that buyers have been able to take advantage of in our charming Beaufort, SC real estate market. We in the real estate biz have been harping and preaching about "opportunity" for a couple of years now.
1) Take the folks who recently purchased a deep-water homesite, in a darn nice neighborhood, for $230,000, about 53 percent less than the $480,000 the previous owners paid for this deep-water property in 2006. That's opportunity! This homesite is located on Lady's Island, and will provide years and years of enjoyment to these folks, who hale from the Midwest. They came south to Beaufort, SC, looking to "steal" a piece of waterfront property, and that is…
October a Spooky Month for Beaufort SC Home Sales
Monday, October 31st, 2011 at 11:38pm. 118 Views, 0 Comments.
It's fitting that we take a moment to look back on this past month on Halloween, because it has been a creepy month for Realtors, with a mere 52 homes going under contract so far in October.
Before we go any further, this is not a gloom and doom post. All things considered, there are some encouraging signs to be found in Beaufort's real estate market.
There are several communities that have had real success in the area which ha e had great success selling new homes at the new price point. Liberty Point in Shell Point, which recently broke ground on its new homes, has placed five homes under contract in the past few months, in the $80 to $115 per square foot price point.
Somerset Point on Lady's Island has seen 17 homes go under contract this year, in the $98…
Beaufort SC's Mossy Oaks Neighborhood & Extreme Makeover Home Edition
Wednesday, September 14th, 2011 at 10:47pm. 118 Views, 0 Comments.
Extreme Makeover: Home Edition brought a lot of national attention to Beaufort, SC's own Mossy Oaks community, just minutes from Beaufort's historic downtown district. The Extreme Makeover crew, with the help of hundreds of volunteers from the Beaufort area, stormed into the area in early January, and built a brand-new home for a deserving family. Construction was completed in about 96 hours. The episode was broadcast earlier this year on ABC.
Although this area of Mossy Oaks is home to very modest, single-story residences built mostly in the 1960s, the mammoth, double-porched Extreme Makeover structure would look at home in any of Beaufort's best waterfront neighborhoods, from Newpoint and Coosaw Point, to Habersham, Distant Island, and Polawana Island.
Neo-Traditional Neighborhoods in the Beaufort SC Area
Sunday, April 17th, 2011 at 2:52pm. 690 Views, 1 Comments.
Since the stunning success of Newpoint, on Lady's Island, in the early 1990s, neo-traditional neighborhoods have been all the rage in Beaufort, SC.
Neo-traditional neighborhoods are planned in the style of coastal communities of the early 20th Century, like Beaufort, SC.
The idea of Newpoint was simple -- Create a neighborhood which looked and felt like the Old Point, Beaufort's incredible, historic and sought after downtown area, but with all the modern conveniences expected by late 20th and early 21st buyers. The Old Point is home to houses which date back decades before the American Revolution.
Newpoint is located just across the Intracoastal Waterway from the Old Point, and has a similar feel to its historic namesake.
After the success of Newpoint, other…
March 2011 Beaufort SC Home Sales Down From 2010
Thursday, April 14th, 2011 at 10:55pm. 476 Views, 0 Comments.
This month's numbers are stuck in the shadow of the spring 2010 incentive market. A number of factors hinder a full-scale housing recovery, yet there are positives that suggest improving consumer confidence. Slowing unemployment claims, strong corporate balance sheets and 13 months of private job growth are cause for long-dormant optimism. Let's see if our local glass is half empty or half full.
New Listings in the Beaufort region decreased 32.6 percent from last March to 207 new homes. Pending Sales decreased 15.7 percent to land at 97 contracts written. As a result, inventory levels decreased 2.8 percent from last year to reach 1,720 active listings.
Prices lost some ground - the March Median Sales Price of $162,500 decreased 9.7 percent. Negotiations…
How is the Affordable is Real Estate in Beaufort SC?
Monday, March 28th, 2011 at 12:51am. 159 Views, 0 Comments.
Are you in a position to buy a home? Not sure? Well, you are not alone, if you are unaware of your home purchasing power.
We receive calls each week from folks looking to rent. And, while we are in the business of selling homes, we are always happy to help point potential tenants in the right direction.
But, we are also always sure to ask if the person has ever thought about buying a home. The most common response is uncertainty on the part of the caller. They just don't know if they are in a position to buy a home.
If you are moving to the Beaufort, SC region, and have not given any thought to buying a home, you need to know that the affordability index in Beaufort County is going through the roof, according to information recently released by the Beaufort…
Realtors Can Offer Much More Than A Listing Price
Tuesday, March 15th, 2011 at 10:41pm. 188 Views, 0 Comments.
Going With the Highest Bidder...
I understand why sellers would want to list their home an agent, because that agent happens to be the one who provides the highest recommended list price. After all, who doesn't want to maximize their investments? Going with the "highest bidder" is not sound selling strategy, though.
A year and a half ago, I went on a listing appointment at an older home on Lady's Island, one of Beaufort's great residential areas.
I will dispense with all the details, and just say I told this gentleman that $229,000 would be an optimistic asking price for his house. I based my recommendation on the competition at the time, and recent sales. Well, he listed with another agent, for $279,000, which was way too high. Predictably, the home…
The Beaufort SC New Construction Bargain Update
Wednesday, February 23rd, 2011 at 11:29pm. 327 Views, 1 Comments.
Activity breeds activity, and nowhere is that more evident in real estate. New construction is a sign of a healthy development. When you ride through a neighborhood with lots of vacant homesites, but no ongoing construction, watch out. Certainly, Beaufort has seen some developments flame out since 2006, when our real estate market began to slow.
However, several developers are in the process of trying to spark new life into some of these communities, and that's a very healthy sign.
Hamilton Village, an upscale condo complex on Lady's Island, overlooks
Factory Creek and downtown Beaufort, and is another example of a
developer who has changed priced point in an effort to move property.
Originally priced in the $700,000-plus range, these beautiful…
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