How about a 2009 Beaufort SC Deep Water Property Report (3 Ft min.)?
Posted by Todd Covington on Wednesday, March 25th, 2009 at 12:09am.
Like many of you, my dream is to buy a pretty piece of land on deep
water property and build my dream home. Unlike many places along the
South Carolina coast, Beaufort still offers affordable waterfront
property for the not so rich. Of course we have multi-million dollar properties
here but we also have a bunch of lots that you need not be "The Donald"
to purchase. Today I did a little research on what's on the active in
market, has sold, and how many are currently under contact.
Wow is an understatement. I was shocked to see the results of my search. Not a single one has sold this year and only 2 are under contract. I have noticed prices dropping and the fact that only 2 in an area this large are under contact, tells me that prices aren't low enough yet. While some buy this type of property to build a home, others buy it as a luxury. With the economy in poor shape, these statistics show that Americans are passing on the luxury properties.
The good news:
Price determines market sales. This means if sales continue to be this
slow, prices will fall no matter what. So if you are looking for Beaufort SC waterfront property, the prices are about to get better quickly.
Current Active Beaufort SC Deep Water Properties
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Beaufort SC Deep Water Properties Sold in 2009
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Deep Water Properties Currently Under Contract
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