Columbia SC Real Estate Blog

May 15, 2012

Columbia SC Real Estate Sales Data 2012

Columbia, SC Real Estate Snapshot – May 2012 Edition (April Data) 

Total Sales in Previous 12 Months: 6,766

Total Sales in Year Prior: 6,670 Change: Up 1.4%

Total Sales in April 2012: 631

Total Sales in April 2011: 536 Change: Up 17.7%

Foreclosure Sales in April 2012: 93 

Foreclosure Sales in April 2011: 83 Change: Up 12%

April 2012 Foreclosure Sales as a Percentage of Total Sales: 15.5%

New Construction Sales in April 2012: 148

New Construction Sales in April 2011: 121 Change: Up 20.3%

April 2012 New Construction Sales as a Percentage of Total Sales: 23.5% 

Current Inventory on the Market: 8,194 units Current Absorption Rate: 536 units per month (based on 6 months sales)

Months of Inventory: 15.3 months (last report was 15.6 months) 

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

Columbia SC Real Estate Sales Data

 

Source: Hurst Appraisal, Lexington SC using CMLS sales data. Liability is limited to the price paid for this report.

April 25, 2012

Foreclosures in Carolina

How can you avoid real estate foreclosures in Carolina?

Are you a distressed homeowner who is residing in Carolina? If yes, then it is important that you avoid foreclosure or short sales so that you can keep your precious home secured and save your credit record. You must know that having foreclosure will hurt your credit score to a great extent and you will not be able to qualify for a home loan. You will then have totake the necessary steps to boost your credit score and become creditworthy. In certain areas of North and South Carolina, the rate of unemployment seems to rise high since the factories continue to closedown operations and ship resources overseas. As such, if you live inan area like this, your alternatives to avoid foreclosure may seem tobe limited. By thinking something creative, you may be able to saveyour valuable home or sell it off with enough cash in your pocket. 

If you have purchased your home by taking out a mortgage loan, you will have to pay it off within a definite time period. For this, it is important that you calculate a mortgage before taking out a home loan so that you may be able to find one that suits you the best. Carolina’s strongest housing markets are found to be on the largest cities comprising of Columbia SC, Charlotte, Charleston, Greensboro and Raleigh. The smaller cities like Anderson, Aiken, Asheville, Fayetteville and Wilmington are also fairing to various economies and a broad government base. However, the challenge seems to be strong for many people who are residing in the less populated counties. Their style of living may be warned unless they engage themselves in agriculture. 

Suitable options available for people residing in rural Carolina 

  • It may happen that you have fallen behind in making your payments of mortgage loan modification or have missed out some of your mortgage payments. This happens mainly when you face financial problems due to which you cannot afford to make the payments. In such a situation, it is very important that you notify your banker about it. This information that you provide him shows that you want to make your mortgage payments and that you’re responsible for the debts that you owe. 
  • You may try some renegotiation of your loan in the form of postponement or a partial forgiveness so as to avoid the process of foreclosure. This may happen in situations when your financial condition is weak for the time being or when no mortgage company wants to recapture a home that has very less chance of being sold in future. 

If you find that there is no other option other than leaving your home, it is advisable that you get an appraisal to know the worth of your home. Get to know your rights and check with the housing department of your country so as to learn how you may be able to avoid foreclosure or find help so that you may live happily in your dream home.

Contact Columbia SC Real Estate today for more information on buying your dream home!

April 25, 2012

March Columbia SC Sales Data

Columbia, SC Real Estate Snapshot – April 2012 Edition (March Data)


Total Sales in Previous 12 Months: 6,662
Total Sales in Year Prior: 6,970
Change: Down 4.4%

Total Sales in March 2012: 623
Total Sales in March 2011: 527
Change: Up 18.2%

Foreclosure Sales in March 2012: 97  
Foreclosure Sales in March 2011: 74
Change: Up 31%
March 2012 Foreclosure Sales as a Percentage of Total Sales: 15.5%

New Construction Sales in March 2012: 135
New Construction Sales in March 2011: 112
Change: Up 20.5%
March 2012 New Construction Sales as a Percentage of Total Sales: 21.7%

Current Inventory on the Market: 8,098 units
Current Absorption Rate: 515 units per month (based on 6 months sales)
Months of Inventory: 15.6 months (last report was 15.9 months)

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

Source: Hurst Appraisal, Lexington SC using CMLS sales data.

April 24, 2012

Columbia SC Real Estate Listings

Columbia SC Homes For Sale

The Columbia SC market is heating up! Whether looking for a Lexington SC home or a downtown Columbia home in Shandon or Heathwood, Capital City Realty ensures you have access to all the available real estate data. Below you will see a break down of all homes for sale in Columbia SC by price. Have you been pre-approved for a Columbia SC home loan? If not, email IngridCLee@gmail.com and get your approval today.
         

Columbia SC Homes200-400k Columbia SC Homes400 - 600k Columbia SC Homes600 - 800k Columbia SC Homes800 - 1 Million Columbia SC Homes 1 Million +
         


 
 
 

April 22, 2012

Columbia SC Homes SOLD 1st Quarter 2012

         Sold Sign

Columbia SC SOLD Homes

          17 homes
          Average Price $267,294
          $124/sq ft

          7 homes
          Average Price $411,929
          $142/sq ft

          17 homes
          Average Price $150,744
          $77/sq ft

          4 homes
          Average Price $153,472
          $101/sq ft

          4 homes
          Average Price $396,250
          $139/sq ft

          2 homes
          Average Price $196,750
          $102/sq ft

          1 home
          Average Price $115,000
          $59/sq ft

          2 homes
          Average Price $716,000
          $121/sq ft

          1 home
          Average Price $395,000
          $134/sq ft

April 20, 2012

Shandon Homes For Sale

Shandon Homes For Sale

Shandon is a downtown Columbia SC neighborhood. Shandon has been a popular Columbia SC neighborhood since the early 1900's. Shandon homes for sale offer a stable housing market with no large dips in price for Shandon homes for sale. Shandon homes sell quickly for good prices.

The residents of Shandon enjoy tree lined sidewalk streets. Shandon is located within walking distance of great restaurants such as Diane's on Devine, Saludas and Garibaldis. Shandon homes are also convenient to USC and many other offices, banks and law offices. Shandon home owners can walk to nearby 5-Points or The Shoppes at Devine. Shandon is a short drive to Lake Murray, Lexington and all of Columbia SC.

Do you want to buy or sell a Shandon home? We can help! Contact Capital City Realty to learn more about Shandon homes for sale.

                              


                                                                       View Larger Map

 

April 16, 2012

Necessary Home Security Features

When you consider the value of your home, you are really thinking about a number of different factors that combine into the ultimate value. For example, you want to consider how your home looks, how it functions, how well it is maintained, and what particular features it has that make it appealing. Part of each of these considerations is your home security system, which needs to be of the highest quality for your home to achieve its maximum worth and capability. So, with this in mind, here are a few words on some of the most important features that your home can enjoy through the use of a professional home security system.

• House Alarm – The most basic, and most important, of all home security features, any modern home needs to be equipped with an alarm. This security feature – usually a wireless one in newer systems – not only alerts you in the event of a break-in or intrusion, but also automatically alerts the authorities while simultaneously likely scaring off the intruder. A house alarm is an absolutely essential element of a security system.
• Motion Detectors – Despite the fact that your alarm should serve as the main element of your system, you should still equip your home with failsafe features that can protect you in the event that the alarm, for any reason, fails you. Motion detectors inside your home can serve the same function as the alarm if an intruder somehow gets inside.
• Smoke Detectors – Home security also has to deal with accidental dangers, such as home fires. For this reason, investing in smoke detectors is certainly advisable, as these features can detect smoke, in many cases, when you and your family cannot, because you are not there or are not close enough to the source of the smoke. This can be the difference between life and death.
• Carbon Monoxide Detectors – Similarly, your home can also fall victim to a harmful carbon monoxide leak, which in many cases is something that is undetectable by human senses. Unfortunately, it is possible to become a victim of this gas without even realizing it, which is why installing these detectors is essential.
• Yard Sign – Finally, and most simple of all, you should attempt to procure a yard sign from whatever home security company you use. A sign in your yard indicating that you are protected by a security system will scare off most potential intruders, as no criminal is looking to get caught by the authorities for tripping a security system. A yard sign is an excellent first line of defense.


- Mark J. is a professional freelance writer and programmer at Homesecuritysystem.com. He has worked with a number of clients in different fields including technology, education, security, and business.

Posted in Home Security
April 7, 2012

Columbia SC Real Estate Sales Data

Columbia, SC Real Estate  Snapshot – March 2012 Edition (February Data)

 

Total Sales in Previous 12 Months: 6,560 Total Sales in Year Prior: 7,088 Change: Down 7.4%

Total Sales in February 2012: 455 (one extra day) Total Sales in February 2011: 417 Change: Up 9.1%

 

Foreclosure Sales in February 2012: 73 (one extra day) Foreclosure Sales in February 2011: 75 Change: Down 2.6% February 2012 Foreclosure Sales as a Percentage of Total Sales: 16%

 

New Construction Sales in February 2012: 123 (one extra day) New Construction Sales in February 2011: 104 Change: Up 18.2% January 2012 New Construction Sales as a Percentage of Total Sales: 27%

 

Current Inventory on the Market: 7,841 Current Absorption Rate: 495 units per month (based on 6 months sales) Months of Inventory: 15.8 months (last report was 15.4 months)

 

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

 

Source: Hurst Appraisal, Lexington SC using CMLS sales data. 

Feb. 28, 2012

Columbia SC Real Estate Sales Data

Columbia, SC Real Estate Snapshot – February Edition (January Data)

Total Sales in 2011: 6,449
Total Sales in 2010: 7,209

Change: Down 10.5%
Total Sales in January 2012: 417

Total Sales in January 2011: 350
Change: Up 19.1% 

Foreclosure Sales in January 2012: 75
Foreclosure Sales in January 2011: 65
Change: Up 15.4%
January 2012 Foreclosure Sales as a Percentage of Total Sales: 18% 

New Construction Sales in January 2012: 104
New Construction Sales in January 2011: 86
Change: Up 20.9%
January 2012 New Construction as a Percentage of Total Sales: 24.9% 

Current Inventory on the Market: 7,685
Current Absorption Rate: 500 units per month (based on 6 months sales)
Months of Inventory: 15.4 months 

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

 

Source: Hurst Appraisal, Lexington SC using CMLS sales data.

Feb. 27, 2012

South Carolina's Strong Economy

South Carolina’s Economic Recovery is Strong

South Carolina ranks #9 nationwide in employee growth rate for the year 2011. SC’s manufacturing
sector grew 5.5% in 2011 with the addition of 11,600 new jobs. Real estate home sales in the Columbia
SC market
 jumped nearly 16% in January 2012 from the previous year.

Considering relocating to a new state? South Carolina is a state that is in the top quarter of states
recovering from recession. Contact us for information on homes for sale in Columbia, SC.

Columbia SC Real Estate

Lexington SC Real Estate

Lake Murray SC Homes For Sale

Columbia SC Strong Economy

 

Posted in SC Economy