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Posts Tagged ‘Charleston’

ImageWhat are the two things you need to know if you are looking to buy or sell real estate in the Charleston County real estate market? Trends and values. What are the trends in home sale over the last 5 years, and what happened to the median home price over that same period. The answer to those two questions will help you to know if the market is right for your next steps.

Since 2008, the number of homes sold in Charleston County bounced from 4,043 homes (2009) to 4,982 homes (2011). Then 2012 had a jump in sales of over a thousand sales, to 5,987 homes. That increase reflects an improving economy for Charleston County and an upbeat outlook for business in the area.

But what about median home prices during that time? What story do these numbers tell? In 2008 the median home price was $254,900, but Charleston County was behind the curve on the collapse of the housing market. That number had a precipitous drop in 2009 to $226,000, a slight increase in 2010 to $235,000, and back done to $219,916 in 2011. In 2012 we see an increase in the median price to $228,000. What do we learn from this five years of data?

The old real estate adage is that you never know that you’ve reached the bottom of a market until you start seeing prices rise. It may be a little early to declare that the market is on the way up, if you only look at the median prices. After all, the numbers went up in 2010, only to drop back in 2011! Its hard to say why that happened without more data. Maybe it was problems with interest rates. But one thing was interesting between 2010 and 2011. Even thought the median price dropped, the number of homes sold increased! And in 2012, the number of homes sold saw a significant upward trend.

Charleston County is a vibrant business center and has a strong and stable real estate market. Developers have shown continued confidence in the Charleston County real estate market with new developments coming online, and older developments being re-invigorated. Is this the time to buy or sell? Business leaders think so. Developers think so. And we think so.

No one can forecast what the future will bring. One thing is certain, though. Conditions at this point in time in Charleston County seem ripe for you to buy your first home or your next home, and since there is some indication that home prices are recovering, it looks like the right time to list your home for sale.

 

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Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

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Alton Brown

Image via Wikipedia

 

Did you have a busy weekend? I hope you had a busy fun-filled weekend because you probably needed it. We had a busy weekend. Oh, it was fun, but it was busy.

Patricia has been working with new clients from Ohio. They are moving here from Columbus (imagine that). They are staying with her father in Mt. Pleasant. Did I mention that they have five children under the age of 9? They arrived mid-week and Patricia has been showing them property since then. It must have been like a caravan. Patricia in the lead wagon followed by her band of house hunters. I joined the wagon train on Saturday. We took a late lunch with the family on Saturday at Jack’s Cosmic Dogs. Jack was there hard at work. You might have heard of Jack’s Cosmic Dogs from Alton Brown on the Food Network. The kids love it. The kids had been to this place before and when I suggested it, they were all in. It’s a fun place to have a hot dog and finalized a decision. Oh, but there is more.

This family is staying with Keith and Jill. Keith is her father, and Keith and Jill are good friends of ours. I can imagine what it must be like for Keith and Jill having a daughter, a son-in-law, along with 5 grandchildren staying for some indefinite time. The grandchildren are great kids and full of energy. Regardless of how good the grandchildren are, getting used to a house full of people can disrupt your schedule. I really appreciate what I see with Keith, Jill, Jon and Jami! Each family member cares for the other family members. There are sharing what they have to help each other. What a concept!

Patricia gat home late on Friday and I forgot to shop for dinner. Off to Five Loaves. What a comfortable place to relax. Good food and good service accompanied by a good wine. Not a bad end of the day. After we finished on Saturday we had a quite evening at home (I remembered to shop!) But on Sunday, after a very busy day of work, we decided to hit Los Arcos.  Tacos, salsa, burritos and drinks were the proper end of the weekend. I probably could have left out all the stuff about the places we eat, but I am glad that there are such places when you need them.

It was a busy weekend. But I came away from it with more appreciation for what a wonderful partner I have. Our slogan is “Team Up for Success.” We picked that slogan from what we have been through in our life together. We have always worked together as a team. Now we team up with our clients and like this family from Columbus, Ohio, we Team Up for Success!

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A lovely part of the Charleston Coast.

 

It has been a difficult time for the past several years for the economy in general. However, real estate seems to be at the center of the doom and gloom, and real estate agents have suffered as much as anyone during this economic down turn. Almost as much as the home owners they represent.

A number of agents have left the business. Many got into the business because they saw it as a way to make lots of money…They were wrong! Others got into the business because it appeared glamorous. They saw successful agents driving expensive cars and enjoying the finer things without, from their view, too much effort…They were wrong! It wasn’t a profession to them, just a job that they thought paid lots of money.

Patricia and I got into real estate with our eyes wide open. We understood that Realtors® are professionals in a field that is very complex and changing every day.  In our careers in the corporate world, we had over 20 personal real estate transactions where we were represented by professional Realtors®. Our NJ Realtor® handled most of our transactions, and referred us to other professional Realtors® in Ponte Vedra, FL and Atlanta, GA. We learned about how much work professional Realtors® take on in behalf of their clients.

Patricia was first to become a Realtor® and I followed her several months (OK, 2 years) later. Why did we do it? We wanted to help people by following the example of our Realtors®. They provided real service to us and that’s what we do for our clients. Our personal experiences taught us that there are many, many things to follow-up on to complete a transaction. From the negotiations on sales price, through inspections, and following up on deadlines and mortgages, a professional Realtor® makes it light work for their clients. We do that for ours.

We love helping people. We love our profession as Realtors®. If you are interested in buying or selling on the Charleston Coast, contact me at Mark@MarkandPatriciaFuchs.com, or Patricia at Patricia@MarkandPatriciaFuchs.com.  As part of Dunes Properties of Charleston, Nobody Knows the Charleston Coast Better.        

      

 

Professional Realtors® serving the Charleston Coast.

 

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Real estate agents love being recognized for their hard work. There are times when agents are given awards for their work and they receive certificates or plaques to hang on their office walls. Recently, two agents from the Isle of Palms office of Dunes properties were recognized by Realtor.com for their “Online Marketing Excellence.” Barbara Walker and my wife, Patricia Fuchs are well-respected agents in East Cooper and deserve this award for finding clients that want to list properties with them.

Barbara, Patricia and Rebecca. A great team!

The interesting thing is that both Barbara and Patricia have an assistant, Rebecca Narkiewicz, who handles much of their administrative tasks, including posting their listings on Realtor.com and making them standout from the crowd of listings on Realtor.com. I started thinking about this when the awards were being handed out at a recent Realtor.com event. There were Barbara and Patricia receiving the award certificates, and Rebecca was sitting next to me smiling with pride that two agents that she supports were being recognized for their online marketing excellence knowing that she was responsible for a good part of the work that resulted in the award. Rebecca does her work behind the scenes. She is quiet and efficient in what she does. 

Realtors ideally should be out in their community putting a face on their brand, making sense of the stats and numbers, and educating themselves every day about their product.  We would not be able to do this without the Rebeccas of the real estate world.  Someone who is in the office daily familiarizing her/himself with the latest, ever changing online marketing strategies, typing, stuffing envelopes, making sure all the i’s are dotted and t’s are crossed on our paperwork. Our Rebecca has been given the nickname “RADAR” by many due to her ability to have information on hand before we know it’s needed.  Such support can be integral to our success (and sometimes our sanity). 

Behind every great person is another great person. Here’s to all of those who are behind the scenes making us look as good as we can look!

Thank you, Rebecca for all of the excellent work you do.

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A view from the roof at Morgan Creek Grill.

I just love where I live! I’m guessing that you love where you live, but if you don’t, the Low Country is a place that you will fall in love with very quickly. I took this picture with a Blackberry from the roof top at Morgan Creek Grill one afternoon this past week.

We were having a nice visit with our friends, the Samuelsons, and enjoying the food at the Grill. It has been very hot for the past several weeks, but on this evening the breezes were cool and comforting. Great friends and good food!

Patricia and I have lived here since 2002. We moved from Morristown, NJ where we had lived on and off for over 25 years. That last winter in New Jersey was difficult in many respects, but the weather was really nasty. We left in a snow storm that followed us down I-95 for many, many miles. When we finally arrived very late at night, there were our friends, the Samuelsons, who greeted us and helped us to settle in for the night.

Living in the Low Country has always reminded me of New Orleans where I grew up. There is so much in common between the two. In New Orleans we had swamp. Here we have marsh. There the canals in New Orleans that were like the area around Shem Creek, in some cases. In New Orleans we had heat and here we have heat. On the north shore of Lake Ponchartrain there were places like Morgan Creek Grill. We always had fresh seafood, just like we have here. Great friends there, just like here.

All of these things are in common between here and there, so for me it was easy to fall in love with this place. After all, it was like I had come home! You can make this your home, It is an easy place to fall in love with, and as Mikey’s brother say: “Try it! You’ll like it!”

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