Scott Bingham www.BeaufortHomeNews.com

New Construction Selling in Beaufort!

The new year is bringing lots of sales in the new construction segment of the Beaufort South Carolina market!

Somerset Point is leading the way with at least 4 closings and several more slated to close soon. Price ranges there are falling between $199,900 and $259,900.

There is also some great in fill construction in the Nickles Place subdivision just off Holly Hall Road like this house at 6 Katelyn's Way. This new home will be done in early February, has great schools, and sits on a pond front lot. Coming in at $205,000, it will probably be under contract before it's finished.

Getting off the island, Librety Point probably leads the way with at least 3 closed and 10- yes 10!!- under contract! The prices in Librety Point start at just $149,000- a price point that has a lot of appeal!

Over in Shadow Moss, there are new homes starting at $170,000 as Centex begins a new phase. There are also several resales in Shadow Moss.

Finally, D.R. Horton is building over in Live Oaks, near Battery Point. There are some great prices there too, starting at $184,000.

This isn't meant to be an exhaustive list of every new construction project, but these are certainly some highlights.

I'd love to help you with any of these areas, or maybe we'll find a great deal on an existing home. Either way, give me a call, shoot an email my way, and let's get started on starting your year with a new home!

Great South Carolina Real Estate Look Back Look Ahead!

This is a short video from SCR that gives a pretty concise look back at 2011 and look ahead to 2012. Many of the same trends are going here on northern Beaufort County, and in another post I will give more detail on those.

3 Bedroom 2 bath home in Salem Point for $165,000 Beaufort South Carolina

This Ain't Your Grandma's House!

Well, OK, maybe it could have been, but it sure isn't now!  BeaufortHomeTeam is proud to offer this 3 bedroom 2 bath brick ranch sits on just about 2/3rds of an acre in stately Salem Point Plantation.  This brick and vinyl home has been updated with a lot of big ticket items, but there is plenty of room for your personal touch.

All the original windows have been replaced with new, high quality vinyl insulated windows, lots of the flooring has been updated to a pine shade laminate, and the kitchen has new counter tops and appliances.  Can you say MOVE IN READY??

One of my favorite features is the covered front porch with brick arch.  Not only are you not going to find that on a newer home, but you'd have to have three or four newer lots to equal the size of this yard.  And brick?  Something just timeless about brick, isn't there?

This home features a formal living room and dining room along the front, a breakfast nook, and a family room along the back of the house.  This offers a lot of flexibility like kids area, grown ups area, or living area and reading / homework / home office area, or what ever works for you.

Salem Point is one of the best kept secret locations in Beaufort with large, well kept homes and a great walking area.  In fact, you can walk to shopping and half a dozen fast food places then burn the calories off walking home!

These pictures and even the video don't really do justice to this home.  Give me a call and lets set up a time for a personal tour!  Go on, get the home team advantage!

This is a list I have compiled of some of the mortgage lenders that serve the Beaufort SC area. All these folks are professionals with a long standing history of ethical success. They are familiar with VA, FHA, and conventional loans, and they have just one goal: To get you into a home with payments you can afford and with as few headaches as possible!

In no particular order-

Paddi Bailey with BB&T

(843)522-4303 Office

(843)812-7322 Cell

PBailey@BBandT.com

Walt Dagley with Wells Fargo

843-982-5821 Office

843-812-8341 Cell

Walter.Dagley@WellsFargo.com

Bob Cummins

South Carolina Mortgage Associates

843 524-2252 Office
843 263-9809 Cell
BCummins@ALendingPartner.com

Sherri Little
New South Mortgage
843 379-8813, ext. 12 Office
843 812-0711 Cell
slittle@newsouthmtg.com

Call 'em up and tell them to show you the money!!

Real Estate Market Update for Beaufort SC

I am always trying to study the local Beaufort South Carolina market, trying to determine what's coming next. I was looking at some stats for the new year in Beaufort, SC, and I am excited about a trend that is holding so far.

If you look at the distribution of price points that have closed this year, you see a really nice spread with about 20% of the closings in the $100-199k, in the $200-299k, in the $300-399k, and the $400-499k range each.

As a matter of fact, the sales below $99k equal the number of sales between $600-$999k! That is certainly bucking a trend established last year where an inordinate percentage of sales were under $299k, and the price ranges above that were languishing.

This is certainly good news for the 30% of our market that is priced over $300,000! The neighborhoods like Christine Place, Coosa Point, Pleasant Point, Battery Shores, Battery Point, and Habersham can certainly use the shot in the arm.

Just to compare, in 2010 about 78% of the closings in the Beaufort MLS were under $300,000; so this is a much more balanced trend if it holds.

If there is bad news, it is that the number of closings per week is down over last years average. I am not too concerned about that though, because the business closing now was written in late November and December, and those aren't usually the strongest months for real estate anyway.

If you have any questions about these numbers, or need help in determining what the current market means to you, please don't hesitate to call or email. I have a free market report for those that would like one, while they last.