Tagged : 2011

Folks, this is a blog I wrote a while back and forgot to post.  I figured I would go ahead and post it in case someone was interested in a respective view of the first half of 2011.  Here we go...

We are five months into the 2011 real estate year, and there are some encourage signs, although I would be cautious before making any plans to do any house flipping just yet.

Real estate professionals and market observers have long maintained that the heavy inventory of foreclosure homes and short sales needs to be thinned before a recovery can begin.

And there is some encouraging news regarding the Beaufort market in the statistics through May 31.

There have been 421 home sales recorded through the Beaufort MLS. The median sales price is $175,000, which

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If you are a Realtor, you get asked a lot about what price-range homes are moving. Whether you are in the lock room at the gym, or at a local eatery, everybody wants the skinny on the Beaufort real estate market.

Let me answer this question two ways. From a personal standpoint, it has been foreclosure and short sale city.

I just closed on a house in Shell Point a few days ago, for $116,000. It was a foreclosure. I am working with four other buyers who currently have homes under contract. Three are under $140,000, and one is a new home for $230,000. Aside from the new home, in the terrific new neighborhood of Somerset Point on Lady's Island, all of my pending contracts and recent sales are either short sales or foreclosures.

Foreclosures and short sales…