Today I'll break down some of the active listing numbers on one of the more popular communities in Beaufort SC, Cat Island. So far in 2009 only one home has sold in the neighborhood, and it was priced at $359,000. Looking at the current houses under contract, you will see a trend that seems to be universal in today's market: lower end homes are what's selling. High end properties are nowhere to be found in most market reports I do. My prediction is you won't see Luxury properties selling again until Spring 2010.
Out of the 3 homes under contract, 2 are in Olde Tabby Park and one is in the Dolphin Point area. For the rest of 2009 you can expect homes in Olde tabby Park to see to see the most activity as prices are generally on the lower end on the
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