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Happy New Year Everyone! It has started off COLD down here in the South! (At least for us that means in the 20s at night time.) I saw that next week we'll be back in the 50's. Good thing. Hope all of you in colder regions are surviving. If the cold weather is motivating you to look further south towards Charleston & Summerville Real Estate, check out the Best Buys of the month for the Summerville Area.
For those interested in a roundup of sales activity for December, check out my Charleston Area December Real Estate Update.
Have a great one!
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Summerville, SC Real Estate Market Statistics for November 2009
| Summerville, SC Real Estate Market Statistics - November 2009 | |
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New Listings |
|
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Total |
175 |
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Average List Price |
$210,662 |
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Median List Price |
$174,900 |
|
Sold Listings |
|
|
Days on Market (DOM) |
87 |
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Total |
148 |
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Average List Price |
$176,006 |
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Average Sold Price |
$173,457 |
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Median Sold Price |
$159,555 |
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% Selling Price/Listing Price |
99% |
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Current Active Listings as of Dec. 10, 2009 |
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Days on Market (DOM) |
152 |
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Total |
933 |
Summary:
The real estate market in the Summerville, SC is definitely a Buyer's Market, for every listing sold in the month of November there were 2 new listings added bringing the total as Dec. 10, 2009 to 933 listings. The total number of listings dropped by 216 listings, which is probably due to the holidays.
The active listings in the Summerville, SC area have been on the market 152, which almost twice as long as sold listings (i.e. 87 days).
Note: A well priced home will sell faster and closer to the listing price.
Buying Tip: Take advantage of low mortgage interest rates. The low mortgage interest rates are due to the government buying the mortgages and trying to stimulate the economy. The government will stop buying mortgages in March of 2010. When mortgages rates start to go up, buying power will go down for home buyers. Take advantage of the low rates now, before they are gone.
Selling TIP: If you are selling your home or are considering selling, there is no better time than right now. The main reason is because, the number of homes for sale (i.e. your competition) normally drops significantly. Another reason is because, the home buyers looking right now are more serious (i.e. relocating due to job). The last reason is because, the number homes listed for sale is expected to increase substantially in the months to come with another predicted wave of foreclosures and homes be listed for the spring market.
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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It is time to enjoy a Summerville tradition as D.R.E.A.M. and the Summerville Fire Department present the annual Christmas parade. Come see local businesses, non-profits, civic groups and school and church groups as they dress up and decorate commercial and homemade floats to fit this year's theme ‘A Southern Christmas'. All entries will be judged and prizes will be awarded to the top three groups that accurately and creatively reflect the theme. Stay ‘til the end of the parade for a chance to see Santa Claus!
The parade route runs from W. 4th Street to South Main Street, turning right on Richardson Ave., right on Cedar Street to W. Luke Ave. and finishing on N. Laurel Street.
The Parade starts at 2pm and ends about 4pm.
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We proudly serve and sell real estate in and around all of Charleston, SC. If you are thinking about purchasing or selling your home in Charleston, Johns Island, James Island, Folly Beach, Kiawah Island, Seabrook Island, West Ashley, Mount Pleasant, Isle of Palms, Sullivans Island, North Charleston, Hanahan, Summerville, Goose Creek or other surrounding areas, and more importantly, want to work with a local area expert, contact us at your earliest convenience.
Jim and Maria Hart
Realtors®/ AgentOwned Realty
(843) 364-9845
hart@agentowned.com
Copyright © 2009 by Jim and Maria Hart (AgentOwned Realty).
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As most of you know, the $8000 tax credit has been extended until April 30,2010. This is great news for those interested in buying a new home. For those looking in the Summerville, SC area here are the Best Buys for December in Summerville.
Best Buyse Between $150,000-$250,000
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