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Royal Pines Lady's Island near Beaufort SC, Market Update end of May 2009

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$399,000 $199,485 $277,044 $285,000 $10,804,728 39
$0 $0 $0 $0 $0
944 20 197 126

There are 39 homes available in Royal Pines, Lady's Island Country Club; however 1 of these 6 Turtle Lane has been placed under contract with Chris Skrip of RE/MAX Sea Island Realty being the buyer's agent. As soon as the closing takes place, I will update the Royal Pines comps via my blog.

The median home price in Royal Pines is $285,000 with 126 Days on the Market.

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$379,000 $174,900 $267,855 $269,900 $2,410,700 9
$340,000 $165,000 $250,183 $252,000 $2,251,650
198 42 110 99

So far in 2009, 9 homes have SOLD in Royal Pines with the median sold price of $252,000 with 99 Days on the Market. Homes that are selling in Royal Pines are doing so in about 3 months time, so if you live in Royal Pines and your home has been on the market over 3 months, you may want to consider why your home is not selling. Does it need updating? Is is priced correctly?

There is a meeting at the Lady's Island Country Club Clubhouse tomorrow evening to discuss the new proposed covenants. If you own a home in Royal Pines, you should try to attend the meeting. Give me a call for additional details.

Chris Skrip is the Broker-in-Charge and Owner of RE/MAX Sea Island Realty in Beaufort South Carolina. He can be reached at 843-252-4218 or on the web at www.ChrisSkrip.com. The Skrip's own 2 homes in Royal Pines, so they are your neighborhood real estate EXPERTS! We hope to hear from you soon.

Posted Tuesday May 26