Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? February 2018

Homes for Sale in Summerville, SC

The Summerville real estate year always starts out a bit slow, but with the temperatures warming up and spring around the corner, we are seeing the market heat up as well.

New homes for sale in Summerville  are being built at a very quick pace and homes for sale in Cane Bay Plantation continue to be some of the most popular new homes for sale in Summerville. Homes for sale in Nexton are giving them some strong competition though as more phases open up, especially the new Del Webb Nexton section. The homes for sale in Del Webb Nexton are specifically for those 55 and older.

According to our Summerville real estate market reports, we have 2% less homes for sale in Summerville then we did this time last year, which has helped to drive the average sales price for homes in Summerville up 2% compared to last year. We continue to hold steady at 2 months supply of homes for sale in Summerville .

This lack of real estate for sale in Summerville, SC continues to drive our seller’s market and Summerville prices up  continue to move up.  Some of my clients have wondered “Did I Sell My Home Too Soon?” (Read more to find out how too know when is the right time to sell. )

The average price per square foot in Summerville has risen 3.5% to $118/square foot.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.


Did I Sell My Home Too Soon??

As the price for homes for sale in Summerville continues to rise, some of my clients have wondered “Did I sell my home too soon?” When it comes to selling their home, everyone wants to get the best price possible. Timing in the real estate market is a huge factor in determining the value of a home, so it is understandable to think this through when you sell your Summerville home. However, “paralysis by analysis” is a very real thing in these types of situations. Most of us that have been buying and selling real estate for over 25 years have seen the following trends…

Home for sale in Summerville SC

Trend One: The Housing Market is Unpredictable

Similar to other investments,  the housing market fluctuates and moves considerably from one year to the other. Real estate agents and local economists can forecast and predict what the market will do, but at the end of the day, an economic crisis could happen, natural disaster could depress an area or something else could change the value of your home. Keep your long term goals in mind and sell your Summerville home when it is right for you.

Trend Two: As you wait, the price of homes around you are rising as well

I have many clients that are selling their long term family home and downsizing. If they wait another year or two, they could potentially make more on their home for sale in Summerville but the houses around them are also going up in value and they will have to pay more for their future home. In reality, if your home is going up in value, more than likely the home you want to buy is as well.

Trend Three: You Sell When It is Right For You

In the grand scheme of life, the best time to sell your Summerville home is when your family needs it. Whether you are preparing for a new family member, want to move closer to work, downsize etc…these are all personal and individual reasons. Moving when it is best for you and your family is the wisest choice.

Over the past 25 years in real estate and seeing over a thousand families move, I have seen this truth over and over again…Your family’s stability and happiness matters more in the grand scheme of things then if you were able to make a bit more money on the sale of your home in Summerville.

If you own a home in Summerville you can enjoy these fun activities with their little people most of the year! If you want to buy a home for sale in Summerville so you can do these fun things and much more, let me know!



Fun Activities for Little People in Summerville!

Here are some of the top fun activities that are great for little people in and around Summerville… The younger years are full of wonder and excitement and so many fun times and activities! However, we all know that they can be very exhausting long days as well. Having fun activities for your little people helps everyone to thrive and survive these younger years with smiles on their faces and fun memories to look back on.

Fun Activities for Little Ones in Summerville SC

1. Rolly Pollies – What kid doesn’t love running/jumping and obstacle courses to test their limits? Rolly Pollies is a children’s gym that offers classes for 6 months to 10 year olds as well as open gym play time for reasonable prices.

Rolly Pollies in Summerville, SC

Photo courtesy of Rolly Pollies

2. Gahagan Park  & Laurel Street Park (Saul Alexander Park)- Community Parks are abundant in Summerville, but Gahagan and Laurel Street Park are two of my grandchildren’s favorites! Gahagan Park has a massive structure called Plantation Playground that is full of wooden walkways, overlooks and climbing structures. It is the perfect setting for imaginative play.  Laurel Street Park has plenty of room for kids to run, swing, try tennis ,and play as well as a picnic pavilion that is perfect for having a birthday party or playdate. We’ve celebrated many birthdays here with family and friends over the years.

3.Wannamaker Park Splash Pad (North Charleston) This isn’t techincally in Summerville, but you can get there in 15 mins and enjoy a fun splash pad for hours with your kids! It is reasonably priced ($2/person) and a blast for big and little kids! The Sprinkler is open daily, March 31 – September 30, from 10 a.m.– 6 p.m. Pack a lunch and snacks and towels and you are set for hours of fun. There are picnic tables/benches around the pad for parents and grandparents to rest and keep an eye on their children.

4. Dorchester County Library The Dorchester County library is a great resource for fun activities for preschool age children as well as older ones. They have circle time for ages 2 & 3 with stories and songs. Family story time for the whole family which is the best for children 5& under. Preschool Story-time is for 3-5 yr olds with stories, songs and crafts. Two other popular programs at the library are Music & Motion and Therapy Dog Time. It is  amazing how children who grow up in the library and going to the library as youngsters are more comfortable using it their whole life. Definitely take advantage of these free programs in our community.

5.Bee City Zoo We might not have a full zoo in Summerville, but this little zoo is perfect for a few hours of adventure with your children! They have all kinds of unique and rare animals like wallabies and coatimundis to farm animals like horses and donkeys and chickens. It is located in Cottageville and is a hands on zoo that is very interactive and educational.

If you own a home in Summerville you can enjoy these fun activities with their little people most of the year! If you want to buy a home for sale in Summerville so you can do these fun things and much more, let me know!


Historic Downtown Summerville Home Just SOLD!

Home for Sale in Summerville, SC

Another great historic home for sale in Summerville has left the market.  Homes for sale in the historic district of Summerville are always a desirable place to live and highly sought after! This home was last sold 43 years ago.

Do you like what you see in downtown Summerville? Check out more homes for sale in downtown Summerville and read more about the the town of Summerville.

Please feel free to contact me if you are interested in buying a home in Summerville. I will be happy to help you learn about the Summerville area and what homes are available, or will soon be coming available.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Family Fun Events in Summerville & Charleston, SC

Upcoming Events in Summerville & Charleston, SC

Looking for fun events coming up in February and March in the area? Here is a one stop place to find some of the best events in Summerville and Charleston that are full of fun with something for everyone!

Third Thursdays:

When: February 15, March 15, April 19th

Where: Hutchinson Square, Downtown Summerville

Time: 5:30 -8:30 pm, Rain or Shine

Many people buy real estate in Summerville or move to Summerville just to enjoy the historic downtown area that Summerville offers and to be a part of a small town community. Third Thursday is the perfect venue to enjoy the downtown shops and restaurants of Summerville and meet your neighbors.

All of the Summerville businesses are open late and open to shoppers to come in and browse.  With more than 20 drinking and dining establishments in walking distance, there are plenty of options to choose from, many running specials on Third Thursdays.

As you stroll through town, listen to live local musicians and enjoy being a part of small town Summerville life and support local businesses.

Homes for Sale in Summerville, SC

Charleston STEM Festival:

When: Saturday, Feb 3, 2018 10-3 pm

Where: Brittlebank Park, Charleston SC

Time: 10-3 pm

The Charleston STEM Festival is a celebration of science, technology, engineering and math in the Lowcountry. The 5th annual festival will be highly visible outdoor event that provides opportunity for engagement and exchange between children, teens, families, and local STEM professionals. This exciting event will take place on February 3, 2018 from 10am-3pm at Brittlebank Park in Charleston, SC and will feature over 80 exhibitors, activities, live performances, interactive demonstrations, and family-oriented STEM entertainment. After the festival, Partner Events will occur throughout the year in the Lowcountry. Check out STEM Linx to learn about STEM events in the Lowcountry and statewide!

Southeast Wildlife Exposition

When: Feb 16-18, 2018

Where: Downtown Charleston

 Cost: Adult Tickets are $25, but children 10 and under are free. Find out more.

About: “The Southeastern Wildlife Exposition was established in 1982; the first Exposition was in February 1983. Since then, SEWE has grown from 100 exhibitors and 5,000 attendees to the largest event of its kind in the nation. Today, an average of 40,000 attendees come to see more than 500 artists, exhibitors and wildlife experts from around the world.

Its continued mission: to contribute to the local economy while promoting wildlife and nature conservation and preservation has grown in size and impact each year, making SEWE invaluable to all of South Carolina’s resources.”

I have been attending the SEWE for years and brought our children when they were young. They have a great variety of exhibits going so you can choose kid friendly ones if you have little ones with you. Things like Raptor demonstrations, Sheep & Duck herding, Reptiles, Retriever Dog Demonstrations and more.

Spring Bird Walks

When: Thursday, March 1

Time: 8:30-10:30 am

Where: Sawmill Branch Trail, 900 Crosscreek Drive

About:  Join Audubon South Carolina for Spring Bird Walks on the Sawmill Branch Trail. This seven-mile walking and biking trail stretching throughout Summerville offers several great birding locations. It is also one of the best places in Summerville to see the beautiful Painted Bunting!

For this program, we meet at the southern end of the trail at the Oakbrook YMCA off of Old Trolley Road (street address is 900 Crosscreek Dr, Summerville, SC 29485). Meet our naturalist in the gravel parking area next to the soccer fields near the beginning of the trail. Walks are FREE and occur from 8:30-10:30 a.m. No registration is required. A limited number of binoculars will be available for use.

Bird Walk on Sawmill Branch

Free Dance Lessons – Summerville Shag Club:

When: Monday, Feb 5th. (Happens Every Monday )

Time: 7pm

Where: 400 Country Club Blvd. Summerville SC

About: Every Monday night at 7pm the Summerville Shag Club offers free shag lessons at the Summerville Country Club Candelite Pavilion. No partner is required, just come and learn how to do the most popular dance in the state! If you are new to Summerville, this is a great way to get out and meet people and learn a popular dance loved by young and old. This Monday, February 5th, there will be free hot dogs, chili and chips! Find out More.

Summerville Shag Club

If you don’t live in Summerville yet, but would like to enjoy events like these on a regular basis, please  contact me ! If you are interested in buying a home in Summervillenew home in Summerville , a historic home in Summerville or selling your Summerville home, the Foster Smith Team can help.

Beautiful Home in Pine Forest Country Club- Just Sold!

Homes for Sale in Summerville, SC

This beautiful home for sale in Summerville has left the market! Situated on a quiet wooded street in Pine Forest Country Club, this home for sale in Summerville provided access to the neighborhood pool, club house and membership, golf course and more!

In this hot seller’s market, homes for sale in Pine Forest Country Club have been moving very quickly. This home was on the market less than 2 weeks.

In this market, make sure you are working with a Summerville realtor who is working every day to keep you aware of what Summerville listings are available and when they come on the market! Watch “How to Get the House You Want!” for more information!

Please feel free to contact me if you are interested in buying a home in Summervillenew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.


How the Recent Tax Bill affects Homeowners

Do Summerville realtors do more than buy and sell houses for sale in Summerville? Many are not aware of the role realtors play in national policies, including taxes! The recent tax cut bill was heavily influenced by realtors on behalf of the vast majority of homeowners. How you ask? Let’s break it down together and learn how the recent tax bill affects homeowners like you.

3 Ways the Tax Bill affects the Average Homeowner

How Long You Need to Own Your Home

The original tax bill had three items in it or not in it, (I’ll explain that in a minute), that without the realtors, would have been eliminated.  The new bill planned to change a long standing policy that if you owned your housOne for two out of the last five years, any equity you pulled out of your house when you sold your home was tax free. (For example if you sold a home in Summerville, you would need to have lived in that Summerville home for at least two of the last five years in order to receive your proceeds tax free.) The new bill changed that to five out of the last eight years.  Realtors know that the average person moves every three to five years, resulting in the average home sale being taxed. Realtors successfully worked to get the 2 out of 5 years put back in the bill.

1031 Tax Deferred Exchange

A 1031 Tax Deferred Exchange is where you have an investment property, sell it and rather than pay tax on the gain, you invest the gain in another property. It delays or defers the taxes to a later date when you sell that property. (For example, you buy an investment home for sale in Summerville and when you sell it, you role the profits into another investment property.) The 1031 was taken completely out of the original tax bill. Realtors successfully worked to get the 1031 Exchange put back in the bill. This encourages average investors rather than penalizing them.

Property Tax Deductions

In the original bill, all of the deductions for the property tax on your personal home were going to be eliminated. (For example, you are able to deduct the $3,000 you pay in property taxes every year on your Summerville home when you file your taxes.) Realtors were able to reintroduce and get that from zero up to 10,000 dollars in property tax deduction for your personal home.

As realtors, we take a broader look at the landscape of real estate and we do a lot more than just list and sell houses. In the case of the recent tax bill, we were able to take the concerns of the average homeowner and make sure they were heard regarding the recent tax bill.

Have a great Friday and feel free to contact me if you are interested in buying a home in Summervillenew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.