6 Rules to Remember when Buying in a 55+ Community

55+ Communities near Charleston, SCBuying your last home is very different from buying your first home! Make sure you remember these 6 rules when you are buying a home in a 55+ Community near Charleston, SC.

  1. Get to know the Neighbors The 55+ Community in Summerville that you move into will be home to some of your soon to be best friends. Your fellow residents will be who you meet for bocce ball and a swim in the pool. See if you can attend a social function ahead of time and mingle a bit. Many communities have things going all of the time and offer open houses as well. Attend!
  2. Check out the medical care. Close proximity to the Summerville Medical Center, Trident Hospital and MUSC are all things to consider when you decide on the 55 and older community near Charleston that will be the best fit for you. Some communities may have concierge medical services. These are good questions to ask your Summerville Realtor.
  3. Consider Timing to get the best price. The temperature and condition of the real estate market in Summerville is always something to consider…is it a seller’s market or a buyer’s market? If it is a seller’s market (which it is right now in Summerville) you might not have the luxury of time before a retirement community is sold out. However, July and August are usually good times to buy real estate in Summerville, SC. The weather gets hotter and you can sometimes gain negotiating power as sellers become nervous about the spring market closing. If you like the pricing but you still have a few years before you are ready for the move, think about buying the home and renting to another retiree.
  4. Explore “membership.” Full-service communities frequently offer specific club membership requirements and options. Some 55+ communities near Charleston also charge annual dues and a food and beverage minimum. This is all par for the course, but make sure you know these things prior to signing so you aren’t unpleasantly surprised. This is where your Summerville realtor comes in and helps you navigate the questions. Read more about requirements for each 55+ Community near Charleston here.
  5. Check the activity calendar. First of all, is there one? Some of the Summerville 55+ Communities have a social director and activity calendar where others are not as structured. What fits your life and style? Read more about each 55+ Community near Charleston here.
  6. Research the restrictions. Rental and resale restrictions are common in gated communities. However, taking a look at the covenants and restrictions is important. You may not be able to put up that fence or park a third car in your driveway!

55 and Older Communities Near Charleston, SCPeople have wanted to retire in the Charleston & Summerville area dating back to the 1800’s. It may be that one of the seven new 55+ Communities near Charleston might fit your lifestyle and retirement needs.

Please feel free to contact me if you are interested in a home for sale in a 55+ Community near Charleston, SC. I will be happy to help you learn about the Summerville/Charleston area and help you acclimate to each of the communities available in our great area.

Beautiful Home on Cul-de-Sac in Summerville for Sale

Why wait 6 months for a new construction home in Summerville when you can move into this  beautiful home for sale in Blackberry Creek?  This home has been maintained beautifully with fresh paint throughout.  Huge master bedroom, 20 X 20 upstairs family room. Living room/dining room combination. Family room with gas fireplace. Open eat in kitchen. Downstairs office or 4th bedroom if needed. All bedrooms with large walk in closets.

“One study by the University of California, found that children living in cul-de-sacs played outdoors longer and another study by Duke found that cul-de-sacs deter crime.” Here’s your chance to live on one!  Life on a cu Cul de sac lot. Breathe deeply and enjoy all that living in Summerville has to offer!

Learn More about 261 Austin Creek Court,  Summerville, SC.

Set Up a Showing to See 261 Austin Creek Court, Summerville, SC.

Real Estate for Sale in Summerville, SC

55+ Communities in Summerville

55 and Older Communities Near Charleston, SCPeople have wanted to retire in the Charleston & Summerville area dating back to the 1800’s. With the addition of seven new 55 and older communities, Summerville is responding to this need!  Living in an active adult community means maintenance-free living, planned social activities and meaningful friendships with your neighbors. Learn more about each of Summerville’s 55+ Communities.

Cresswind at the Ponds

Within the beautiful Ponds development in Summerville are two 55 and older community options, Carillon was the first community to be built and Cresswind has followed. Cresswind is the larger of the two and offers a wide variety of amenities contained within the Cresswind at the Ponds community.

Cresswind at the Ponds Details & Planned Amenities

  • Mid $200s–Low $300s
  • 600 Homes-began in 2015
  • Cresswind clubhouse-12,000 Sq Ft
  • Fitness center
  • Demonstration kitchen & Gathering room
  • Bocce ball & Pickleball courts
  • Tennis Courts & Horseshoe pits
  • Outdoor Pool & Patio
  • Event Lawn
  • Walking & Biking Trails
  • Fishing Lakes
  • Outdoor Amphitheater

Carillon at the Ponds

The second of the two 55 & Older community options located in The Ponds in Summerville, is  the Carillon section of the Ponds.  One will find beautiful one and two-story homes for sale built by DR Horton.  One of the advantages of living in the Ponds is the lush landscape you enjoy. This feature is not lost in Carillon with many of the homesites backing up to wooded areas and nature trails.    Those who buy a home in Carillon will also enjoy their own private pavilion for outdoor gatherings and picnics.  Currently the prices for homes for sale in Carillon are ranging from  $263,900-341,900.

Carillon at the Ponds Details & Amenities

  • High $200s- High 300’s
  • 56 homes
  • 21 miles of nature trails
  • Gated community
  • YMCA on site
  • Wellness center
  • 4000 square foot farmhouse

55 and Older Communities in Summerville, SCDel Webb Charleston

Located with the master planned community of Cane Bay Plantation, building in Del Webb Charleston started in the summer of 2007. New and resale homes are now available for sale in Del Webb Charleston.

Del Webb Charleston Details & Amenities

  • 360 Acre Community
  • Clubhouse- 20,000 sq ft space
  • Heated indoor pool
  • Fitness center
  • Aerobics studio
  • Workshops & Craft Center
  • Meeting rooms
  • Sundeck
  • Tennis courts
  • Pickleball &  bocce ball Courts
  • Horseshoes & fire pit
  • Coordinated Activities & Tournaments
  • Houses from Mid $200s–High $300s
  • 1,000 Homes

Del Webb Nexton

Coming Soon!! Located within the master planned community of Nexton, building in Del Webb Nexton is scheduled to begin in 2017-2018. A variety of new homes  ranging in size will be available in Del Webb Nexton.( Learn more about the Nexton Community in Summerville.)

Del Webb Nexton Details & Amenities

  • High $200s–Mid $400s
  • 1,000 Homes
  • Clubhouse – 25,000 Sq. Ft. – Proposed
  • Gathering Room
  • State-of-the-Art Fitness Center
  • Indoor Heated Pool
  • Resort-Style Outdoor Pool
  • Outdoor Patio
  • Fire Pit
  • Tennis Courts
  • Pickleball Courts
  • Event Lawn
  • 50 Miles of Walking Trails
  • 2,000 Acres of Green Spaces

Four Seasons at the Lakes of Cane Bay

Coming Soon!! Located within the master planned community of Cane Bay Plantation, building in Four Seasons at the  Lakes of Cane Bay is scheduled to begin in 2017-2018. A variety of new homes  ranging in size will be available in Four Seasons at the Lakes of Cane Bay.( Learn more about Cane Bay Plantation in Summerville.)

Four Seasons at the Lakes of Cane Bay Details & Planned Amenities

  • Low $200s–Mid $500s
  • 800 Homes
  • State-of-the-Art Fitness Center
  • Indoor & Outdoor Pool
  • Pickleball & Bocce Ball Courts
  • Tennis Courts
  • Fishing & Boating Lake
  • Boat Ramps & Storage
  • Garden Square
  • Walking & Biking Trails
  • Outdoor Amphitheater
  • Lakeside clubhouse- 20,000 Sq Ft.

The Pines at Gahagan

Homes for sale in The Pines at Gahagan are located in the heart of Summerville, SC.  The Pines at Gahagan offers a wonderful development for those interested in a 55+ year old community in Summerville, SC with low maintenance living.

The Pines at Gahagan Details & Amenities

  • Mid $200s–Mid $300s
  • 109 Homes
  • 25 Acres
  • Gated Community
  • Clubhouse-4700 Sq Ft.
  • Outdoor Pool
  • Exercise Room
  • Billiards & Library & Game Room
  • Walking Trails & Ponds

The Elms of Charleston

Located in Charleston County on the grounds of the former Elms Plantation, The Elms of Charleston is one of “the original” 55& older communities in the Charleston area. You will find both townhomes and homes for sale in The Elms of Charleston

The Elms of Charleston Details & Amenities

  • 300 Homes
  • 200 Acres
  • Clubhouse-8,000 Sq Ft.
  • Swimming Pool
  • Fitness Room
  • Billiards & Card Room
  • Walking Trails & Fishing Lake
  • Tennis Courts
  • Activities Director of Social Events & Trips

Marrington Villas at Cobblestone

Marrington Villas at Cobblestone is a 55+ community in Summerville, located off Highway 176 near Carnes Crossroads. Marrington Villas at Cobblestone is a beautiful community catering to those looking for minimal maintenance with the benefits of ownership.  The European Courtyard Collection offers homes with spacious open floorplans and beautiful stone siding.

  • Low $200s–Mid $300s
  • 98 Homes
  • 21 Acres
  • Maintenance Free
  • New and Resale Homes
  • Clubhouse
  • Exercise room
  • Multi-purpose room
  • Catering kitchen
  • Outdoor pool
  • Sun deck
  • Social activities

Please feel free to contact me if you are interested in a home for sale in a 55+ Community near Charleston, SC. I will be happy to help you learn about the Summerville/Charleston area and help you acclimate to each of the communities available in our great area.

Summerville Real Estate Market Snapshot for January 2017

Real Estate for Sale in Summerville, SC

Home Prices in Summerville, SC for January 2017

2016 was a strong year for real estate in Summerville, SC as we heard last week via video in my Summerville & Charleston Real Estate Market Update for 2017.  All indications are that 2017 will continue to follow the trend of low inventory and rising sales prices in Summerville. January, which is historically a slow month, confirmed this fact.

Houses Sold in Summerville:

In January 2017, the town of Summerville saw a 5% increase (over Jan. 2016) in closed sales with 213 homes sold and closed last month.

Days on Market in Summerville:

The median number of days a house is staying on the market is 16 days.  This is indicative of the low amount of inventory and the tenaciousness of the buyers. When a house is properly priced and in good condition, it is snatched up quickly. This is why you need a knowledgeable agent watching the market for you and sending you listings. (Sign up here if you would like to receive listings.)

Average Sales Price in Summerville:

Real Estate for sale in Summerville, SC saw an increase in the average sales price last month. The average went up 14% to $236,615.

Inventory in Summerville:

The number of houses for sale in Summerville continues to dwindle and we are down 35% compared to this time last year. There are currently 687 homes for sale in Summerville, SC at the moment.  New home construction in Summerville is being built and new subdivisions are going up in the area. Master planned communities like Nexton, Summers Corner and Cane Bay Plantation continue to develop and offer more choices for people wanting to move to Summerville.  As I mentioned in my market video, 45-60 people are moving to our area EVERY DAY. This is what continues to drive the home prices in Summerville and keep the inventory low.

Currently we continue to have only 2 months of inventory on the market in Summerville. Not sure what “months of inventory means?” Learn more in this article about What drives home prices up in the Summerville Real Estate Market.

Get in Touch

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.

 

Summerville & Charleston Real Estate Market Update 2017

We are at the end of the first month of 2017 and it is time to look at and analyze the Summerville Real Estate Market with me!  Understanding 2017 and what lies ahead means we need to look back at 2016. Last year, the Charleston and Summerville Real Estate Markets continued to grow stronger and there are many indicators that this trend will continue into 2017, let me tell you why.

In the Greater Charleston, SC Real Estate Market:

  • Sales up 9% from 2015
  • Median Price up 1% from 2015
  • Days on the Market down 12% from 2015
  • Inventory down 10% from 2015

In the Summerville, SC Real Estate Market:

  • Sales up 15% from 2015
  • Median Price up 8% from 2015
  • Days on Market down 17% from 2015
  • Inventory down 22% from 2015

Because of low inventory, it is now a sellers market in Summerville, SC. Some people are wondering “Are we on the edge of a cliff like we were in 2008?” “Is the market going to fall out again?” I am inclined to answer “No” due to several factors.

  • Job Market has grown by 80,000 jobs since 2005.
    • 2005– 278,000 jobs, 2016– 358,000 jobs
  • Desirability of the Charleston/Summerville area.
    • 45-60 people per DAY are moving to the Charleston area.
  • Median income is up 25% from 2005.
    • Changed fom 45K/year to 56K/year.

The real estate for sale in Summerville is down and the job market and economy is strong in Charleston. These all combine to make homes worth more and support strong prices.

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. While we are waiting to talk, try to read The Top Six Things that Impact the Value of Your Home.

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. While you are researching, make sure to listen to Four Vital Questions to Ask When You Buy a Home.  Some other articles that buyers find helpful are Five Bad Habits to Kick if You Want to Buy a Summerville Home in 2017, and How Much House Can I afford?

How Much House Can I Afford?

How Much House Can You Afford?When clients come into my office, one of the first things we determine is how much house can they afford.  Knowing this important bit of information is vital in starting a good home search and making sure we find a home for sale in Summerville that they can successfully purchase and secure a mortgage for.  But what if you don’t know how much home you can afford?

The price you can afford to pay for a home will depend on six factors:
1. Gross income
2. The amount of cash you have available for the down payment, closing costs and cash reserves required by the lender
3. Your outstanding debts
4. Your credit history
5. The type of mortgage you select
6. Current interest rates

Real Estate for Sale in Summerville, SCAs a general rule, lenders don’t want borrowers to spend more than 28 percent of their gross income per month on a mortgage payment or more than 36 percent on debts. Part of my job is to help you find a great mortgage lender if you are not already working with someone to help you secure your loan. Read More at  How Much House Can I Afford?

Downtown Summerville Home – Just Sold

Real Estate for Sale in Summerville, SC

Another great home for sale in downtown Summerville has left the market! It is always wonderful to be a part of selling such a classic Summerville house in the downtown and historic district of Summerville!

With all of this beautiful spring weather, people are getting out and looking at real estate for sale in Summerville. The real estate market is picking up and listings are moving quickly right now and the downtown area is no exception.

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.