March 2009

To everyone who believes that the Beaufort County Board of Realtors MLS is the only place to find a home in Beaufort SC, check out this Cat Island SC home I found on eBay.  Earlier this week I was searching eBay for property and stumbled upon a home for sale only 5 doors down from me.  66 National Blvd was previously listed on the Beaufort SC MLS but after a try with a local Realtor, the home owner has decided to give it a try on eBay.  Actually, I think it's a pretty good idea.  A better idea might be to have it in the MLS, eBay, FSBO.com and a few other locations too.

Personally, I think this is one of the cutest homes in Olde Tabby Park.  My wife and I live a few doors down, and always comment on how cute it is.  Previously listed at over $500,000,

In checking with the Beaufort Country Association of Realtors MLS system, I was surprised to see 20 single family residential listings had closed last week.  Sure, 20 closings in a week doesn't seem like a lot but if you consider that last week accounted for almost 20% of this years sales, it's great news. 

So far this year only 103 homes have sold in 2 months plus.  As we said in previous blogs, there are definitely more buyers looking.  Now we can say there are more buyers buying too.  Because it takes an average of 30-45 days to close on a house, it tells us that buyers started pulling the trigger at a more rapid pace sometime in mid-January.  From increase website traffic to fellow realtors production, one can see buyers are still very active, which

This week, I took at a look at the first 2 months of residential sales in 2009 verses the first two months of 2008.  There is no sense is trying to spin everything in a positive way as everyone knows that the economy is hurting, and that certainly includes home sales.  While 2009 home sales are down from 2005-2007 sales, the first two months of 2009 certainly compare similarly to 2008.  The greatest annual difference is that 100 homes sold in the first 2 months of last year to 82 this Jan & Feb..  Although an 18% drop is never good, the drop from Jan/Feb 2007 to 2008 was a horrid 46%.  What that says it that the market has finally stopped the freefall and is more flat than anything else.  I consider that good news as we are now in a waiting game to see