About Moncks Corner's Foxbank Plantation

Foxbank Plantation

Moncks Corner, SC

Foxbank Plantation is beautiful neighborhood on Hwy 52 between Goose Creek and Moncks Corner. Foxbank Plantation is an 800 acre master planned community. According to the builders in the neighborhood the residential area of Foxbank is a two phase development process. They are currently still in the first phase of development. In addition, there are plans for a Foxbank Towne Center giving residents access to shopping within the community. There is also plans to build an elementary school within the community in the future.

Currently the three primary builders in the community are Sabal Homes, David Weekley Homes, and Lennar Homes. There are currently 6 different subsection within Foxbank Plantation. Unlike most new construction communities each builder is given a certain number of lots within each subsection instead of each subsection being built by one builder.

Amenities - The developer has made efforts to leave a good number of trees up and there are several ponds, wetlands, and lakes in the community that give the neighborhood an nice tranquil feel. The largest of the ponds allow a small boat with a small motor or even a canoe. The community recently built a large pool on the lake that is open to the residents at no additional fee beyond the HOA fee. There are also several walking trails throughout the community

Commute - Foxbank Plantation is located 10 minutes north of Goose Creek on Hwy 52 and about 10 minutes south of Moncks Corner. The commute to the Charleston International Airport and Charleston Air Force Base is about 25 minutes. The drive to downtown Charleston is 35-40 minutes (30 miles), while the drive to the nearest beach, Sullivan's Island, is about 40 minutes (32 miles).

Schools - Currently school age children who live in Foxbank Plantation attend Whitesville Elementary (K-5th grade), Berkeley Middle (6th-8th), and Berkeley High (9th-12th).

If you are interested in more information about the community please contact Michael Johnson at 843-817-5299 or email at michaeljohnson@carolinaone.com

Liberty Hall Plantation, Goose Creek SC

North Charleston Neighborhoods - Cedar Grove

Crowfield Plantation, Goose Creek SC - Video

The Old Village in Mount Pleasant SC - A Brief History

Belle Hall - Mount Pleasant, South Carolina

Wordless Wednesday - 29 Sep 2010

Foxbank Plantation

This photo was taken at Foxbank Plantation. Foxbank Plantation is a relatively new community located off of Hwy 52 between Goose Creek and Moncks Corner.

Other Recent Blogs:

Liberty Hall Plantation, Goose Creek SC

North Charleston Neighborhoods - Cedar Grove

Crowfield Plantation, Goose Creek SC - Video

The Old Village in Mount Pleasant SC - A Brief History

Belle Hall - Mount Pleasant, South Carolina

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

Five Recent Blogs

1. Summerville SC Real Estate News
2. Charleston AFB and Weapons Station Home Owners Assistance
3. Crowfield Plantation Real Estate, Goose Creek SC
4. Goose Creek SC 1st Quarter Stats
5. Things to Do in Charleston, SC

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