Mortgage Rates fall to a RECORD 3.88 pct

The thirty year fixed mortgage rates saw an epic low this week!  The 30-year fixed mortgage fell to 3.88 percent this week, down from the older record set last week. (3.89)  This is the eighth record low in a year.

Fifteen year mortgages rose ever so slightly from 3.16 percent to 3.17 percent. These numbers are also record lows.  When we say “record lows,” realize that mortgage rate records date back to the 1950s, so these numbers are truly amazing.

New Home builders are anticipating the that the low rates will boost sales in 2012. “Low mortgage rates were cited as a key reason the National Association of Home Builders survey of builder sentiment rose strongly in December and January.”

Don’t hesitate to get in touch with me if you are interested in moving on the house you’ve been eyeing!
Foster@HomesofSummerville.com

1-843-974-6029

Information gathered from Yahoo Finance

 

January Best Buys under 150K

These are the top buys in the Summerville, SC area under $150,000.   Visit here for the best buys between $150,000-$250,000. Visit here for the best buys over$250,000. Some of these are short sales, some foreclosures, some going to auction.  If you have any questions on these homes, give me a call at 1-800-942-1828 x6029 or e-mail me at Foster@HomesofSummerville.com. Quickly.  These go fast.

-Click on each address for more details on each listing.-

MLS Number	Address	City	Price	Square Feet	Price/Sq.Ft
1127611	119 Mill St	Ridgeville	$109,000	1650	$66.06
1128405	311 Grouse Rd	Summerville	$135,000	2000	$67.50
1128733	147 Moon Dance	Summerville	$135,000	1926	$70.09
1128313	5417 Roxbury Dr	N. Charleston	$145,000	2000	$72.50
1127201	4861 Hearthside	Summerville	$125,000	1654	$75.57
1128034	179 Antebellum Way	Summerville	$149,900	1962	$76.40
1128717	5204 Bristol	Summerville	$134,900	1725	$78.20
1128022	6721 Bent Creek	Charleston	$124,000	1550	$80.00
1128403	700 Old Golf	Summerville	$144,900	1748	$82.89
1128432	4822 Holly Berry	Summerville	$104,900	1224	$85.70
1127962	141 Cotillion Crescent	Summerville	$150,000	1740	$86.21
1127869	127 Tyron Rd	Summerville	$119,000	1373	$86.67
1128727	286 Sweet Alyssum	Ladson	$107,000	1200	$89.17
1127289	107 Miken	Summerville	$99,900	1100	$90.82

Foster@HomesofSummerville.com or call 1-843-974-6029.

January Real Estate Update

Here is a wrap up of Charleston Real Estate  sales activity for December.  ( Previous Market Reports for Charleston SC & Summerville SC)

Summerville: (More Info)

• Houses Sold: 103
• Average Sale Price: $162,740
• Average Days on Market: 108
• Average List Price: $168,674
• Average Percent of Sale/List Price: 95.39%

Moncks Corner & Goose Creek: (More Info)

• Houses Sold: 55
• Average Sale Price: $151,978
• Average Days on Market: 86
• Average List Price: $156,128
• Average Percent of Sale/List Price: 96.15%

Hanahan: (More Info)

• Houses Sold: 16
• Average Sale Price: $181,880
• Average Days on Market: 135
• Average List Price: $190,827
• Average Percent of Sale/List Price: 93.39%

North Charleston: (More Info)

• Houses Sold: 44
• Average Sale Price: $93,835
• Average Days on Market: 99
• Average List Price: $97,618
• Average Percent of Sale/List Price: 90.72%

Charleston (The Peninsula): (More Info)

• Houses Sold: 37
• Average Sale Price: $467,217
• Average Days on Market: 210
• Average List Price: $536,077
• Average Percent of Sale/List Price:90.64%

Mt. Pleasant: (More Info)

• Houses Sold: 76
• Average Sale Price: $394,653
• Average Days on Market: 117
• Average List Price: $416,954
• Average Percent of Sale/List Price: 96.41%

To discuss selling your home or buying a new home please contact me at Foster@HomesofSummerville.com or www.HomesofSummerville.com.

January Best Buys over 250K

These are the top buys in the Summerville, SC area priced above $250,000.   Visit here for the best buys under $150,000. Visit here for the best buys between $150,000-$250,000. Some of these are short sales, some foreclosures, some going to auction.  If you have any questions on these homes, give me a call at 1-800-942-1828 x6029 or e-mail me at Foster@HomesofSummerville.com.

-Click on each address for more details on each listing.-

MLS Number	Address	City	Price	Square Feet	Price/Sq.Ft
1127398	1 Clairmont Ln	N Charleston	$264,990	2224	$119.15
1128743	5455 Clairmont	N Charleston	$279,900	3107	$90.09
1127803	8532 Royal Palms	N Charleston	$289,000	2528	$114.32
1127388	8336 Dye Makers Ridge	N Charleston	$329,000	2463	$133.58
1128771	114 Mayrant	Summerville	$259,900	2924	$85.47
1128641	105 Winged Foot	Summerville	$269,900	2300	$117.35
1127293	266 Carolinian	Summerville	$275,000	2570	$107.00
1128562	2015 Gunpowder Ct	N Charleston	$275,587	2671	$103.18
1127903	206 Carolinian	Summerville	$279,900	2650	$105.62
1127468	190 Bateaux	Summerville	$311,569	2467	$126.29
1127272	1001 Blockade Runner	Summerville	$341,385	2800	$121.92
1127841	280 Hundred Oaks Pkwy	Summerville	$360,750	2972	$121.38
1128139	163 Donning Dr	Summerville	$368,928	3416	$108.00
1127671	276 Hundred Oaks	Summerville	$372,470	2954	$126.09
1128197	627 W Richardson	Summerville	$399,000	2718	$146.80

Foster@HomesofSummerville.com or call 1-843-974-6029.

January Best Buys between $150-250K

Below, you will find the top buys in the Summerville, SC area listed between $150,000-$250,000.

To see the best buys under $150,000, Click Here.

To see the Best buys above 250K, Click Here.

If you have any questions on these homes, give me a call at 1-800-942-1828 x6029 or e-mail me at Foster@HomesofSummerville.com.

-Click on each address for more details on each listing.-

MLS Number	Address	City	Price	Square Feet	Price/Sq.Ft
1128265	109 Roadster Row	Summerville	$209,900	3285	$63.90
1127375	98 Sugar Plum	Summerville	$219,900	3394	$64.79
1128242	180 Gaslight	Summerville	$184,900	2850	$64.88
1128252	162 Gaslight	Summerville	$189,900	2850	$66.63
1127631	104 Hampton	Summerville	$162,000	2400	$67.50
1128142	1032 Whitlow	Summerville	$178,400	2641	$67.55
1127827	1030 Bridlewood Farms	Ridgeville	$177,900	2535	$70.18
1127348	105 White Heron	Summerville	$174,900	2208	$79.21
1127663	4829 Gilpen Ct	Summerville	$239,000	2936	$81.40
1128319	107 Cleveland	Summerville	$175,000	2150	$81.40
1128261	184 Gaslight	Summerville	$164,900	2004	$82.29
1127962	141 Cotillion Crescent	Summerville	$150,000	1740	$86.21
1128262	4813 Hawkins	Ladson	$188,390	2184	$86.26
1127763	128 Mateo Ct	Summerville	$159,990	1831	$87.38
1127393	100 Sugar Plum	Summerville	$164,900	1857	$88.80
1127781	7004 Lofton Ct	Summerville	$164,500	1864	$89.11

Foster@HomesofSummerville.com or call 1-843-974-6029

December 2011 Real Estate Market Conditions

110 Grand Palm Ln – For Sale

110 Grand Palm Lane

Summerville, SC
Beautiful Town Home in Palmetto Row in Summerville

Offered at $199,000

Year Built 2007
Sq Footage 2155

Beautiful model home with many upgrades: granite countertops, hardwood throughout downstairs, custom tile in bathrooms, screened in porch, stainless steel appliances. Garage is currently a heated and cooled office space – may be converted back to garage if desired. End home with wrap around porch in front. HOA fee covers pressure washing twice a year, pinestraw twice a year,street light maintenance, landscaping and grounds professionally maintained. !

Click Here for More Information on 110 Grand Palm

419 Grand Palm Ln – For Sale

419 Grand Palm Lane

Summerville, SC
Beautiful Town Home in Palmetto Row in Summerville

Offered at $169,000

Year Built 2008
Sq Footage 1986

One mile from Summerville’s Main Street. Townhouse featuring designer touches: granite countertops, stainless steel appliances, tile in bathrooms, large utility room, screened in porch. Tankless water heater, energy efficient heat pumps. HOA fee covers pressure washing twice a year, pine straw twice a year,street light maintenance, landscaping and grounds professionally maintained.

Click Here for More Information on 419 Grand Palm

Christmas Events in Summerville & Charleston, SC

Fun Family Events in Charleston and Summerville! Here are a few of my top picks for the upcoming Fall months. Hope to see you at some of them

The Christmas Story

Location: Bethany United Methodist Church Summerville, South Carolina

Date: Thursday-Saturday, Dec 3, 2011 6:30-9:30pm

For three nights, the Bethany parking lot is transformed to depict life as it was 2,000 years ago in the days leading up to and on the night Jesus was born in Bethlehem. Visitors drive through a candlelit path with 19 scenes beginning with the angel Gabriel’s visit to Mary and ending with baby Jesus in the manger. Along the way blacksmiths shape iron in marketplace shops, shepherds watch their animals and families wander through the streets of a long ago place. King Herod sits on his throne and issues his decree while the marketplace is bustling and Mary rides through the town on a donkey looking for a place to rest. The Living Christmas Story is Bethany UMC’s annual gift to the community and a way for many families to set the tone for a season of thoughtful giving and to focus on God’s gift of His son to us all. You are invited to celebrate the Christmas season with an event the whole family will remember.  Click here for more information 

Holly Day Arts & Crafts Market

Location: Downtown Summerville, South Carolina (Hutchinson Square & Short Central)
Date: Saturday, Dec 3, 2011

Summerville DREAM brings back the popular Holiday Arts and Craft Market as part of the Holly Days Open House. Hutchinson Square and Short Central will be open to artists, artisans and crafters who are interested in having a booth to show their wares for the holidays. Similar to the Art Walk that occurs on Third Thursdays during the spring and summer months, the Holiday Arts and Crafts market is a big draw and  features local groups caroling and performing holiday music all over the downtown area to add to the festive atmosphere.  Click here  for more information and an application for arts and crafts market participants.

Annual Summerville Christmas Parade

Location: Sunday, December 11, 2011, 2:00 pm

Entry Deadline: Friday, December 2, 1011

For the Summerville DREAM and the Summerville Fire Department’s Parade,  we are DREAMIN’ of a GREEN Christmas-Recycle, Reuse, Renew.  Show how clever you can be in designing an eco-friendly float! All participants are encouraged to use recycled and reused materials in the construction of their floats. The “Green” Christmas theme for the 2011 parade is to inform, educate and encourage the public to get involved in saving the environment. Businesses, civic groups, churches, schools, bands and children’s scouting and sports teams are encouraged to participate.

Low Country Singing Christmas Tree

Location: Summerville Baptist Church Summerville, SC

Dates: Friday-Monday, December 9-12,2011

Admission: Low Country Singing Christmas Tree

December Best Buys over 250K

These are the top buys in the Summerville, SC area priced above $250,000.   Visit here for the best buys under $150,000. Visit here for the best buys between $150,000-$250,000. Some of these are short sales, some foreclosures, some going to auction.  If you have any questions on these homes, give me a call at 1-800-942-1828 x6029 or e-mail me at Foster@HomesofSummerville.com.

-Click on each address for more details on each listing.-

MLS Number	Address	City	Price	Square Feet	Price/Sq.Ft
1124403	331 Summerset	Summerville	$374,500	5632	$66.50
1124957	4263 Persimmon Woods	N Charleston	$450,000	6495	$91.61
1126393	116 Heart Pine Circle	Summerville	$285,000	3280	$86.89
1125138	137 N 1st ST	Summerville	$815,000	8888	$91.70
1126209	139 Spring Meadow	Summerville	$295,000	3154	$93.53
1126423	9309 S Moreto	Summerville	$264,900	2789	$94.98
1123285	2008 Gunpowder	Summerville	$283,297	2974	$95.26
1125947	4284 Persimmon Woods	N Charleston	$354,900	3639	$97.53
1126690	121 Corral Cir	Summerville	$264,900	2700	$98.11
1124909	101 Duck Pond	Summerville	$294,500	2928	$100.58
1123288	1046 Blockade Runner	Summerville	$276,891	2671	$103.67
1126248	108 Comiskey Park	Summerville	$322,000	3012	$106.91
1126324	104 Ribbon	Summerville	$395,345	3653	$108.22
1126792	8321 Governors Walk	N Charleston	$338,693	3100	$109.26
1125683	100 S Pine St	Summerville	$300,000	2720	$110.29
1126422	108 Ribbon Rd	Summerville	$423,090	3800	$111.34
1125975	4275 Persimmon Woods	N Charleston	$364,900	3250	$112.28
1124454	18 Plantation Cir	Summerville	$279,000	2480	$112.50
1126961	106 Heart Pine Cir	Summerville	$289,559	2538	$114.09

Foster@HomesofSummerville.com or call 1-843-974-6029.