November 2009 Folly Beach, SC Real Estate Market Report

Here is your Folly Beach Real Estate report for November 2009.  8 Properties sold this month on Folly Beach, bringing the total this year to 55.  November was tied with July for the most monthly sales of 2009.  The sales included a Mariners Cay condominium for $260,000, a Charleston Oceanfront Villa for $760,000, and a [...]

December E-Newsletter

Well, here it is December 11th! Mark and I made it to sunny Sanibel in one piece and are enjoying the sunshine and warm weather. I understand from talking with family in Charleston that we got out just as a cold snap blew in to town. Compared to those temps this is a balmy paradise. [...]

More Good News in Real Estate

There is more good news for real estate in the Charleston Trident area! Both the Post and Courier and The Charleston Regional Business Journal are reporting real estate sales for the month of September, 2009, saw an increase of 7% year over year.
The breakdown is:
• Berkley County saw 135 transactions closed for a 9% increase. [...]

Not Only Leaves Are Falling This Fall at Folly Beach

As we have all been holding our breath and waiting and wondering what is going to happen with our local real estate markets, something slowly but surely has been happening at Folly Beach.  Properties are actually moving….changing hands.  What is that you say?  Real estate selling on Folly Beach?  No way!  Can’t be true!
Well the [...]

Short Sale…no thanks. Just show me a motivated seller.

Everybody wants a deal, and now is the time.  Don’t believe it’s the time to buy Real Estate yet?  I disagree.
I must admit as a Realtor I may sound somewhat biased, but I practice what I preach.  I’m a Buyer myself.  I’ve purchased 3 homes myself in the last 2 years and tried for a [...]

Virtual Staging

There are a lot of vacant properties currently on the market, and modern technology is affording a way for these houses to look like “homes”…. without a stitch of actual furniture!  It’s called virtual staging, and although it’s been around for a while, it is gaining in popularity. There are many companies who have combined [...]

Will the $8000 first-time home buyer’s tax credit be extended?

Robert Freedman of Realtor Magazine recently sat down with Linda Goold, The National Association of Realtors’ director of tax policy, and Samuel Whitfield, an NAR legislative representative to discuss the possibility of an extension.  The tax credit has been, in Freedman’s words,  ”the economic recovery’s workhorse.”  To date, over  1.4 million households have used the [...]

FAQ About Folly Beach Real Estate

Have prices come down?  How much?
Just like most (if not all) coastal regions, real estate prices on Folly Beach have come down significantly.  In general, prices have dropped 30% or more.
How are sales this year?
There were only 22 sales in the first 6 months.  Since then, there were 8 sales in July and 6 sales [...]

More Signs of Activity

I have been at this for a few years now and finally I am seeing signs of optimism in our economy. Most experts agree that when people start buying homes again, the recession will have been ended for 3 to 6 months. We have seen more homes sold in the last 90 days!
Don’t get me [...]

Things are looking UP

Over the last year, we have seen the enormous effect of the media on the general health and well-being of our economy.  More doom and gloom results in well, more doom and gloom.  A recent turn to more “optimistic” coverage  has seen people whispering “recovery” for a few months, and now it seems the numbers [...]