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Summerville, SC Real Estate Market Statistics for October 2009
| Summerville, SC Real Estate Market Statistics - October 2009 | |
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New Listings |
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Total |
261 |
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Average List Price |
$199,873 |
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Median List Price |
$169,900 |
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Sold Listings |
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Days on Market (DOM) |
86 |
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Total |
135 |
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Average List Price |
$184,437 |
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Average Sold Price |
$178,827 |
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Median Sold Price |
$158,453 |
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% Selling Price/Listing Price |
97% |
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Current Active Listings as of Nov. 2, 2009 |
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Days on Market (DOM) |
152 |
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Total |
1149 |
Summary:
The real estate market in the Summerville, SC is definitely a Buyer's Market, for every listing sold in the month of October there were 2 new listings added bringing the total as Nov. 2, 2009 to 1149 listings.
The average listing price in the Summerville, SC area is approximately $21,000 over the average selling price, which has resulted in homes staying on the market an average of 66 days longer.
Tip: If you are serious about selling, make sure to price your home ahead of the market instead of the market. For example, if home prices dropping, it is better to set your listing price where home prices are going instead of where they are right now. This could significantly reduce the amount time it will take to sell your home and save you money.
Charleston, Goose Creek, & Hanahan Real Estate For Sale
Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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Charleston, Folly Beach, Goose Creek, Isle of Palms, North Charleston, James Island, Mount Pleasant, Ravenel, Rockville, Seabrook Island, Sullivan's Island, Summervilleand surrounding areas.
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Summerville, SC Real Estate Market Statistics for September 2009
| Summerville, SC Real Estate Market Statistics - September 2009 | |
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New Listings |
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Total |
298 |
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Average List Price |
$175,279 |
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Median List Price |
$159,000 |
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Sold Listings |
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Days on Market (DOM) |
94 |
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Total |
147 |
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Average List Price |
$168,903 |
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Average Sold Price |
$164,554 |
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Median Sold Price |
$147,965 |
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% Selling Price/Listing Price |
97% |
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Current Active Listings as of Oct. 13, 2009 |
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Days on Market (DOM) |
149 |
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Total |
1168 |
Summary:
The real estate market in the Summerville, SC is definitely a Buyer's Market, for every listing sold in the month of September there were 2 new listings added bringing the total as Oct. 13, 2009 to 1168 listings.
The average listing price in the Summerville, SC area is approximately $11,000 over the average selling price, which has resulted in homes staying on the market an average of 55 days longer.
If you are selling and a low offer is submitted, I recommend to work with all offers to see if you can make the offer a win - win opportunity for both you and the seller. As a seller you can easily save thousands by working with buyers. Remember the costs of owning a house is more than the cost of a monthly mortgage payment, it includes the monthly expenses (i.e. gas, electric, HOA, phone, and etc.) and maintenance costs to maintain the home.
Tip: Price your home where comparables have sold versus where comparables have been sitting on the market, this will greatly reduce the amount time on the market.
Tip: If you own more than your home is worth and you need to Sell. Short Sale your Home (i.e. Price it to Sell). I recommend working with an agent, who has systems in place to do short sales.
Charleston, Goose Creek, & Hanahan Real Estate For Sale
Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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While I was out of town last week perhaps the biggest change to our house to date took place... NEW FLOORS!! While the before photos of the living room look OK, to be honest the laminate flooring was gross. It obviously had gotten wet and as laminate tends to do was buckling..... Wanting to be as environmentally concientious as possible, I went with a fantastic vertical carbonized bamboo...

buckling laminate flooring was not working out... ripping them out was the best option.

After ripping up the laminate flooring we found out that the subfloors actually had been painted (per neighbors the homeowners lived like this for some time). Woodboys, our new flooring installers, were happy about this as it apparently created a new moisure barrier in addition to the barrier they installed.
You can also see my husband installing new 6" baseboards in this space. I like the statement of 6" over 4".

I'm really pleased that these lead into the dining room as well, creating a more open feeling (i'll have photos, but we are still working on the ceilings and rooms are taped off - for now that includes the dining). New french doors have also been installed and all the trim work painted with a nice crisp white. The new color is Basketry by Behr.
The rooms in the family room/den have been a bit of a quandry too. We knew we needed to do something with them. The question was, to refinish them or to put in new bamboo floors here too.... We went with the less expensive option (about $1000 less) and then held our breath having no idea how it would turn out.

We started this space by priming and painting to get rid of the cave feeling....

Then they refinished the floors....

I think we made a great decision! The floors are really stunning in person with the variety of wood grains shown off so well. (btw, in case you are wondering about that unpainted window to the right... it's being replaced so we haven't spent time painting it yet.)
So, what was the cost of flooring in the living room, dining room and refinishing the family room? It was a little less than $6000 professionally installed. The return on investment is significantly higher however... not that I'm doing this for resale (this time).
Now are are about 2-3 weeks from moving in.... I can't wait to see what this room will look like with furniture!
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Why is it that so many 1970s homes have wood panelling? Ok, so that was sylish back then but why do so many men still like it? Why is it that men cringe when you say you want to paint over wood? Well, if you are one of those guys who love the look of paneling and the 'man cave'... look away!
Our den before....

This depressing room was given a lift with A LOT of primer and some great pigmented paint...

The floors will be redone later this week and the windows are supposed to be replaced soon (why they weren't painted). The desk was left in the home and hauled out this evening. Shelves and cupboard doors still need to be added but you can already see the changes happening.
Right now this is the room that has the biggest improvement. Prior to the paint job this room was dark and depressing... today this room is bright and feels clean and fresh - even a little beachy.
The cost of this makeover? About $100. When working on value add, paint is frequently the most cost effective change you can make.
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