Betty Poore: What's New on the Charleston Coast Blog: January 2011

I just read an interesting article in the WSJ on vacation homes and how in some markets sales activity is on the rise. So I decided to compare how the Wild Dunes market did over the past two years - 2008 versus 2009 and then 2009 versus 2010. I used only residential sales, homes and villas, no vacant home-sites were included.

Here's what I found:

There was a 12% decrease in the number of sales in 2009 versus 2008, and the average sales price was 18% lower in 2009 versus 2008.

Now, here is the interesting thing:

There was a 46% increase in the number of sales transactions in 2010 over 2009, and the average sales price was down just 3%.

Buyers watching Wild Dunes understand that prices are at 2004 levels or lower, that the inventory is moving and that sellers now more than ever are willing to negotiate. With prices and interest rates this low, more and more buyers are moving into the market. As the article in the WSJ says, "The proverbial train has left the station."

Click here to read the article. Want to discuss?



---Betty PooreCharleston Coast REALTORDunes Properties of Charleston, Inc.(843) 886-5600---Charlston Coast SC Real Estate, Condos, Homes for SaleIsle of Palms, SC Real Estate, Condos, Homes for SaleWild Dunes, SC Real Estate, Condos, Homes for Sale---

Labels: beach, Charleston Coast, market, stats island

Happy New Year!

I hope your day has been as grand as ours. Last Sunday we were reading in front of the fire watching snow flurries. It was beautiful - though none of it stuck. This Saturday, New Years Day, we walked in tee shirts and shorts, threw the crab trap out and are spending the evening feasting on crabs and libations! Ooo la la.





---Betty PooreCharleston Coast REALTORDunes Properties of Charleston, Inc.(843) 886-5600---Charlston Coast SC Real Estate, Condos, Homes for SaleIsle of Palms, SC Real Estate, Condos, Homes for SaleWild Dunes, SC Real Estate, Condos, Homes for Sale---

Labels: beach, real estate vacation isle of palms wild dunes folly beach seabrook kiawah happy new year betty poore charleston south carolina island