Fall Real Estate Market Update with Foster Smith

Hello! Welcome to the fall market update! This is Foster Smith from Carolina One Real Estate. Coming to you from Charleston, South Carolina, the Tri-County area, specifically in Summerville.

How’s the market? Well, the market is like politics, it’s all local.

I put a house on the market last week. It was a $100,000 dollar investor property.  We had eight showings in six hours, and one full price cash offer. According to that transaction, the market is great!

However, a little higher up the market is not as strong. Interest rates are rising up and causing the higher market to slow down a bit. Inventory continues to be stubbornly low. We have about half as many houses on the market now as we had five years ago.

The question rises then, “What should I do? Should I list my home before the holidays? With Thanksgiving, Christmas and New Years, I don’t know if I  want to do that.  However, the market is such that the inventory is low. We have people that are coming that are actually motivated buyers. I personally have couples coming from Florida, North Carolina, Virginia, Massachusetts, in the next month. They are coming in to buy a house. And that is just me personally.

There’s still a lot of pressure on the market to buy which indicates maybe you should put your house on the market. If you’re in the market to sell, even in the Fall, with the holiday season,  it is a good time because we have a good motivated crop of buyers still looking.
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.

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Riverfront Property for Sale on Edisto River- SOLD

Homes for Sale in Summerville, SC

This quiet getaway to enjoy nature has left the market! Last week we closed this fully furnished waterfront property on the Edisto River with a private dock and boat landing. It only lasted on the market for six days before going under contract.

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 for Sale in Summerville for 100K!

 

Homes for Sale in Summerville, SCHave you been looking for a home for sale in Summerville for $100,000? This solid brick house in Meadowbrook may be what you are looking for today. It is in need of remodeling and is a handyman special. The garage has been converted to a large family room which could add over 400 square feet if a heat and air unit was installed, or it can be easily reverted back to a 2 car garage. House will be sold as is.

Learn More about 212 Cardinal Drive, Summerville, SC.

Set Up a Showing to See 212 Cardinal Drive, Summerville, SC.

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.

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.

Homes for Sale in Ashborough-Summerville, SC

Ashborough  is an older well established Summerville Subdivision known for its large lots, well built homes and well established landscaping and trees. Ashborough is nestled against the Ashley River on the outskirts of Summerville and offers beauty and quiet tranquility for its home owners. Ashborough offers a variety of amenities to its homeowners including a community swimming pool, swim team, tennis courts, play park, baseball field, boat landing and more.

Homes for Sale in Ashborough Subdivision - Summerville, SC

Ashborough Neighborhood Report:

Here’s a snapshot of who lives in Ashborough, where they work, average commute time and more:

Homes for Sale in Ashborough Subdivision - Summerville, SC

  1. Who Lives in Ashborough?
    1. 40% are Married with Children
    2. 39% are Married with No Children
    3. 20% 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. $119 per square foot
  3. What is the average sales price of homes in Ashborough?
    1. $323,480
  4. Number of houses for sale in Ashborough? 
    1. Thirteen

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, including homes for sale in Summerville, 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 Summerville Area – Just Sold!

 

Homes for Sale in Summerville, SC
This beautiful home for sale near Summerville has left the market! This recently remodeled 4 bedroom home is located on three acres and offered a wonderful opportunity for country living close to Summerville.
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 for Sale!

Have you dreamed of living within walking distance of downtown Summerville? This one story home for sale in Summerville is located in the historic district of Summerville and is close to everything!

The open floor plan offers a a spacious living room and family room which spill over into a large, modern eat in kitchen. Granite counter tops, a center island and stainless steel appliances are prominent features in the kitchen The large master bedroom has a deluxe bathroom. There are also two auxiliary bedrooms and another full bath downstairs. Upstairs you will find a finished area with a half bath. This could serve as a quiet office space with outside access.  Don’t miss your chance to own a home for sale in downtown Summerville!

Learn More about 105 W. 3rd South Street, Summerville, SC.

Set Up a Showing to See 105 W 3rd South Street, Summerville, SC.

Homes for Sale in Summerville, SC

New Home in Nexton – Just Sold!

Homes for Sale in Nexton in Summerville, SC

This beautiful new home for sale in Summerville has left the market! Located in the new Nexton master planned community, this popular Saussy Burbank floor plan sold quickly.

Nexton is Summerville’s newest master planned community with everything you need within walking or biking distance! Businesses, homes, apartments, shop, school and restaurants are all connected by bike trails and walking paths in Nexton.

This particular home for sale in Nexton was built by Saussy Burbank homes, but there are three builders who currently have spec homes built that are move-in ready: Saussy Burbank, Pulte Homes and John Wieland Homes.  With its own elementary school, neighborhood pool, and play park, Nexton offers many  opportunities for residents to built a great community of friends close-by.  Contact me for a tour of homes for sale in Nexton.

In this real estate market with limited inventory, 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! This is especially vital when you are buying new home construction. Have you read Do I Need a Realtor When I Buy New Home Construction?

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.