Moncks Corner, SC

Moncks Corner, SC Real Estate Market Statistics for September 2009

Summary:

The average sales price in Moncks Corner, SC is approximately $32,000 less than the average listing price, which has resulted in homes being sold in 77 vs 159 days (i.e. almost 3 months faster than the average) on the market.

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.

My favorite time of year is fastly approaching. I love the fall because of the great weather but also because of the vast array of football - High School, College and the NFL.

Below is the 2009 football schedule for Berkeley High located in Moncks Corner SC.

Foxbank Plantation is located off of Hwy 54 between Goose Creek and Moncks Corner South Carolina.  The neighborhood has several builders to include KB Homes, Lennar, Sable Homes, David Weekley Homes, Palmetto Classic Homes, Truepenny Homes, and Southlund.  The new home community offers a wide variety of home prices ranging from 150's to the 300's as well as a wide variety of home styles.

Below are the statistic for homes sold this year up to April 2009:

The average list price this year so far is around 192K while that average sold price is around 189K.  The average days on market is 98 days and the current inventory of homes for sale in Foxbank Plantation is 33. 

If you are interested in buying a home in Foxbank Plantation or anywhere else in the Charleston area real estate market, please give me a call.  I will show you how I can help you get the most for your money and best of all, my services are at no cost to you.  You have nothing to loose.

Michael J. Johnson, Realtor

843-817-5299

michaeljohnson@carolinaone.com

www.providingthelight.com

www.metrocharlestonhomes.com

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Below are the most recent statistics for Foxbank Plantation located in Moncks Corner SC. Note that this does not reflect the whole month of December 2008. Sales picked up tremendously in November which may be attributed to a string of new homes which were recently completed and then bought.

This graph can help tremendously with finding out the neighborhood absorption rate. Absorption Rate is the ablitiy of the real estate market to sell off its inventory of homes. Take the number of homes sold in the last 11 months (80) (note that I am not counting December) and divided that by 11 (number of months). That gives you a 7.27 absorption rate for Foxbank.

The graph also shows that there are 38 homes currently on the market in that neighborhood. Divide 38 by the absorption rate of 7.27 and that gives you the total months of inventory which in this case is 5.22 months. This general rule is that 6 months of inventory is a balanced market. Less than 6 months is a sellers market and more than six month inventory is a buyers market.

Michael J. Johnson

843-817-5299

www.providingthelight.com

Foxbank Planation is a new home community with builders such as DR Horton, Sabal Homes, and KB Homes currently building homes in the neighborhood. There is also an opportunity to buy a lot in the area and build a custom built home.

A town center is in the planning stages to serve the community and there is hopes that in time it will increase home values. Foxbank Plantation is conveniently located off of HWY 52 between Goose Creek & Moncks Corner. Below is the Sales and Inventory Report for the neighborhood. If you have any questions, or if you are interested in buying or selling a home in Foxbank Plantation, give me, Michael Johnson, a call at 843-817-5299. My email is michaeljohnson@carolinaone.com. You can also visit my website at www.providingthelight.com