Real Estate Information

This good news was posted on the KCM Blog (Keeping Current Matters):

"The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year."

SC sales rose 19%;  overall US sales rose 17% .  Here in the Charleston/Summerville area inventory is still plentiful and interest rates are low. 

It's always a good time to buy in Charleston, and especially NOW.

Here's what respected media sources say according to the Keeping Current Matters blog:

"Now could be the best time in history to buy a home" -Market Watch

"It's an excellent time to buy a house, either to live in for the long term or for investment income."  -Wall Street Journal

"It is important for America to realize that when it comes to housing, now is the time to buy." - JP Morgan

"Many buyers who waited for rock-bottom prices know that now is the time to buy." - US News and World Report.

With interest rates near 4% and plentiful inventory in the Charleston, SC metro area, we agree!  Now may be the best time ever to buy a home.  Let me help you make that happen.

Interest Rates for Carolina One Mortgage, September 27, 2011

Conventional Loans

30 Year Fixed:  3.875

7-year ARM:      3.25

Government Loans

30 Year VA/FHA:  3.75

VA 5/1 ARM:        3.5

Charleston is a wonderful place to live.  Today it is 80 degrees and sunny.  Golf is a year round sport here!!  There are great deals to be had in this residential real estate market---call me at 843-224-5747 or email me at julie@mulliganteam.com and let me know how I can help you take advantage of historic rates and awesome buying opportunities.

The Mulligan Team has some great listings that are close to the new Boeing facility and Charleston AFB.  We have two move-in ready listings in The Park at Rivers Edge, a gated community just minutes from the Air Force base and the new Boeing plant.  Prices are unbelieveable:  $141,000 and $129,000 respectively, both with 2-car garages!  We also have several listings in the popular neighorhood of Whitehall starting in the low $200's.  Call Julie at 843-224-5747 for more information.

The weather is awesome, interest rates are great.  What an optimum time to buy a house.  We have several well-priced listings that are near Boeing, Bosch, and Charleston AFB that you will want to check out.

7848 Racquet Road - $139,000 in a gated community! 3BR, 2 baths, 2-car gargage, ground floor master, privacy fenced yard.  

 7873 Sabalridge Dr. - $149,000 in a gated community! 3 BR plus large bonus room, 2-car garage, ground floor master, low maintenance privacy fenced yard. 

These homes are in the same gated community and buyers can walk to pool, tennis, and playground.

New Listing in Whitehall!!! 5411 Dwight Dr. Open floor plan, large kitchen, 3BR plus sunroom and bonus room, 2-car garage  Very private lot.  $207,000  Walk to pool and tennis---membership is optional. DD2 schools 

Check out these listings and others! 

It may be tougher to get a home loan these days, but you sure can't complain about the interest rates.  Qualified buyers can get a 30 year fixed rate loan for 4.25%!!  A 5/1 ARM is 3.25%.  And VA and FHA are both 4.5%.  These rates (as of 9/21/10) are unprecedented.  Buyers in the market for a home in Summerville, North Charleston, or Goose Creek should contact Leah Odom at Carolina One Mortgage to learn more:  843-813-0123 or visit her web site at www.leahodom.com.  There are great deals to be had on homes in Legend Oaks, Coosaw Creek, Wescott Plantation, and many other great neighborhoods served by the Dorchester District 2 schools.  Call or email me and I'll be glad to customize a search for you. -- Julie Mulligan, julie@mulliganteam.com.

How’s The Market?

In the Charleston Metro area, including Summerville, SC, the weather is great and the market is improving.  In fact, Carolina One closed sales volume was up 23% in August compared to last year ... and 19% year to date.   July was the only month in 2010 less than 2009 ... a direct reflection of May written business, down because contracts were "pushed forward" due to the April 30 tax credit expiration.

Carolina One written business was up 10% in August compared to August 2009 and 14% year to date.

On balance, the market for sellers has improved.  Recovery will take time, be gradual, and bumpy.  This is the best opportunity for home buyers in many decades ... historically low interest rates, price affordability, and good selection in all price categories.  Buyers moving into the area for Boeing, CAFB, and the Naval Weapons Station will find great deals on pre-existing homes and new construction. 

Contact Julie at The Mulligan Team at 843-224-5747 for more information.  

The $8000 home buyer tax credit ended on June 30, 2010 for the general public, however, the program has been extended for one year for service members who were on “Official extended duty” outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010. For more information visit http://www.federalhousingtaxcredit.com/service_mem.php

Just made a huge price reduction on a 4 bedroom, 2 bath, single story home in Coosaw Creek, a gated Golf community in North Charleston to $315,000 ($126 Sq/Ft). Coosaw Creek is located just minutes from Summerville, SC, the new Boeing plant and Charleston Air Force Base. Children attend Dorchester District II schools.  Amenities include a golf course, pool, Club house, tennis courts. Click Here for a Virtual Tour.

Good news this week from Boeing that should help the North Charleston & Summerville economy and housing market.

Boeing announced that they intend open a new facility in the Charleston area to fabricate interior parts for the 787 Dreamliner which will be assembled at the new Boeing plant under construction near the airport in North Charleston, S.C.

While the exact site hasn't been announced, the Boeing representative said the new plant will be located within 20 minutes of the assembly plant/airport and will employ as many as 150 workers.