Summerville Real Estate Market Report November 2016

Real Estate for Sale in Summerville, SC

Home Prices in Summerville, SC for November 2016

The trend continues to climb in Summerville, SC Real Estate! We continue to see an increase in closed sales in real estate in Summerville, SC and November was no exception.

  • 250 Homes Sold & Closed -33% Increase from this time last year
  • 45 Average Days on Market -19% Down from this time last year
  • $226,671 – Average Sales Price
  • $109-Price/Square Foot
  • 740-Houses for Sale

As you can see from the info-graphic above, listings are in high demand because of the lack of inventory which continues to stay down 33% from the same time last year. To make sure you don’t miss your future home when it hits the market, you’ll need to have an agent that knows real estate for sale in Summerville, SC and the Summerville real estate market and has his ear to the ground for you and can help you make a quick, informed offer.

Find Homes for Sale in Summerville, SC

Visit my website to search for homes for sale in Summerville or to be notified when Summerville homes come on the market.

To find out what your Summerville home is worth in the current market email me or call 843-974-6029.

 

Christmas Events in Summerville, SC

Christmas Events in Summerville, SC

Gingerbread Creation Contest:

The Gingerbread Creation Contest has become a favorite for those participating and those wandering around and looking at them! Let your creative side go and make a fun creation for display around Summerville!  Join us in downtown Summerville for Summerville DREAM’s Gingerbread Creation Contest. Sugary creations will be on display throughout Historic Downtown Summerville in November & December.  Prizes will be given for Culinary Professional, Adult, Child, and Group (family, organization, business, club, etc.) categories. Gingerbread Creation Contest Form

The Living Christmas Story

When: December 1-3, 6:30-9pm

Where: Historic Downtown Summerville, Bethany UMC

About: This is down the street from my home, this is an event we did every year with the children. The people of Bethany United Methodist Church of Summerville, SC, put on an amazing Living Christmas Story that you can drive through. It is like you stepped back in time to the town of Bethlehem. It is an inspiring time.  Learn More about the The Living Christmas Story.

A Christmas Carol Walking Tour with Tim Lowry

When: December 21,2016

Where: Historic Downtown Summerville

About: Charles Dicken’s “A Christmas Carol” is one of the staples of the Christmas season and now you can hear the Summerville local storyteller, Tim Lowry retell it!  Walk around Historic Downtown Summerville with Lowry and have a great evening of Ebeneezer Scrooge and Christmas Cheer.  Learn More about the Christmas Carol Walking Tour.

Holiday Decoration Celebration at the Joseph Manigault House

When: December 3 ,3-5pm

Where: Joseph Manigault House, Downtown Charleston

About: If you are a Charleston Museum member, you can explore the Joseph Manigault House for free and view these decorations at your own pace. Enjoy hot chocolate and apple cider on the porch as Christmas music provided by The Charleston Caroling Company sounds within the walls.

The Garden Club of Charleston does an amazing job decorating the home with greenery, feathers, ribbons and more. The decorations will be up Dec. 3-27th if you are not a museum member and just want to go enjoy.

Christmas Tree Lighting

When: Tuesday, Dec. 6,2016 5-7:30pm

Where: Hutchinson Square, Downtown Summerville

About: The annual Christmas Tree Lighting in Hutchinson Square will be on Tuesday, December 6th at 7pm. Join the Mayor of the Town of Summerville as he lights up Town Square in Historic Downtown Summerville. Prior to the lighting, musical entertainment, food vendors, and few kids activities and free cookies will be available starting at 5:00 pm. This event is hosted by the Flowertown Garden Club.

Christmas Parade of Boats 

When: Dec 10 ,2016 5- 8pm

Where: Downtown Charleston

About: If you are already downtown on December 10th, make your way over to the harbor to see the fantastic display of decorated boats floating through the water. It is a spectacular show that will make you feel like a little kid looking at Christmas lights! If you aren’t downtown, maybe you should go! Learn More about the Parade of Boats.

Summerville Christmas Parade

When: December 11, 2016 2pm

Where: Downtown Summerville

About: Come have fun and celebrate the Christmas Season with this fun family event. The Summerville Christmas Parade has grown to one of the largest in the state and is a sight to behold! Each year the Summerville DREAM team picks a theme for the parade and participants are judged on originality, creativity and overall effort. Summerville Schools, businesses and organizations all are encouraged to participate and support the community. Come join the town! Register for the Summerville Christmas Parade.

Holiday Festival of Lights:

When: November 11,2016-January 1,2017, starts at 5:30pm.

Where: James Island County Park

About: I’ve written about my experiences and tips for the Festival of Lights in previous years, and I stand by them! If you have children in your life, or even if you don’t, try to get out and see this display! The light show is over three miles long (you drive in your car) and then you can park and walk through beautiful light displays, roast marshmallows, sip hot cocoa and ride the train!   More about the Festival of Lights.

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.

4 Things You Need to Know about Ashborough Subdibivision

Real Estate for Sale in Summerville, SC

If you live in the  Ashborough Subdivision or are interested in living in Ashborough, here are things you need to know:

  1. Who Lives in Ashborough?
    1. 39% are Married with Children
    2. 39% are Married with No Children
    3. 19% are Single with No Children
    4. 2% are Single with Children
  2. What is the average price per square foot of homes sold in Ashborough?
    1. $107 per square foot
  3. What is the average sales price of homes in Ashborough?
    1. $206,300
  4. Number of houses for sale in Ashborough? 
    1. Eleven

These facts speak to the current real estate market conditions in Summerville as a whole. (Read more about What is driving the Home Prices Up in Summerville?) We are seeing increases across the board in the Charleston area market. In most areas, we have a strong seller’s market because of the low inventory.

If you are a home owner in Ashborough Subdivision 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. With the decrease in inventory, you may be surprised how quickly your home may sell when priced correctly and marketed by the Foster Smith Team.

Home for Sale in The Ponds – Just Sold

Real Estate for Sale in Summerville, SC

Another  home for sale in The Ponds has been sold and closed! The Ponds is one of Summerville’s most popular communities to live in because of all of the wonderful amenities and community events it offers. If you like what you see in The Ponds check out more homes for sale in The Ponds and read more about the amenities The Ponds  has to offer.

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.

Home Prices in Summerville, SC – October 2016

Real Estate for Sale in Summerville, SC

Summerville SC Home Prices

The trend continues to climb in Summerville, SC Real Estate! We have seen 46 straight months of an increase in closed sales in real estate in Summerville, SC and October was no exception. Two hundred and ninety eight homes sold and closed last month which was a 22% increase over this time last year in Summerville.  Summerville residents must be reading Three Reasons to Buy a House in the Fall!

Read More at Real Estate in Summerville, SC.

Summerville Real Estate Report Summary

The average sales price in October for single family homes in Summerville was $232,538.

Find Homes for Sale in Summerville, SC

Visit my website to search for homes for sale in Summerville or to be notified when Summerville homes come on the market.

To find out what your Summerville home is worth in the current market email me or call 843-974-6029.

Three Reasons to Buy a House in the Fall

We have hit the beautiful fall months in Summerville, SC.  Our fall starts a little later down here with the cooler temps not hitting until November. (And by cooler I mean 60’s-70’s.) If you haven’t found your home yet, don’t despair. Here are three reasons it is GREAT to buy a house in the fall!

Real Estate for Sale in Summerville, SC

1.Motivated Sellers

At this time of the year, you are primarily looking at homes that have been on the market for awhile due to being overpriced or lacking a broad appeal .  Typically, the sellers are ready to complete the sale and close prior to the holidays, if at all possible.  Not many want to be Christmas shopping  while trying to pack up their house and move. There are also a number of tax benefits for those that close before the close of the year.  Obviously, this is not always the case, but as a general rule, you will be working with more motivated sellers.

Real Estate for Sale in Summerville, SC

2.Less Competition

The shift has happened in real estate in Summerville, SC. It is now a seller’s market and there is less inventory out there than there are buyers.  However, in the fall, there are less buyers out and about shopping. Those that wanted a house before the school year have already moved, those that were out in the Spring/summer have found their house and are closing, and most people are just busy with school and sports.  Fewer buyers means less competition for you as you place an offer on a house and less chance of multiple offers. You still can’t low-ball in a seller’s market, but you have a better chance of your “good offer” being accepted and not being trumped by another offer. Most real estate studies show that the the “Best Days to Buy” fall in the fall months.

3.More Attention

The workload for everyone in the real estate industry starts to slow down in the fall months.  This includes real estate agents, mortgage brokers, home inspectors, closing attorneys etc.  With a diminished workload, your house and your mortgage get more attention and you get a quicker response time. Everything from appraisals to inspections are easier to schedule once the fall months kick in.

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.

 

Downtown Summerville Home – Just SOLD!

Real Estate for Sale in Summerville, SC

This beautiful  home for sale in downtown Summerville has left the market! Downtown Summerville is full of historic homes and beautiful stately homes, especially those on President Circle. This one was gorgeous inside and out, complete with mature landscaping and an in-ground pool. It only lasted on the market a few weeks before it had a great contract on it.

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 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.