New Listing! 1948 Gracewood Drive West Ashley Charleston, SC 29414 Home For Sale

1948 Gracewood Drive West Ashley Charleston, SC 29414 Home For Sale
This better-than-new luxury home is less than 1 year old and has many upgrades. Located in prestigious Essex at Carolina Bay off Glenn McConnell Parkway, you are 3 minutes from Bon Secours Saint Francis Hospital and I-526. Why wait for Pulte to build when you can move in to 1948 Gracewood now. This premium lot sits adjacent to the Nature Trail & marsh, and features a 2+ car remote controlled drive-under garage (the home is elevated so your garage is the size of the home’s entire footprint), 4 bedrooms plus an office that could be a 5th bedroom, an open floor plan, master suite down, multiple porches, designer paint scheme, hardwood flooring, Shaw carpet, Enser ceramic tile… too much to list here.  You really need to see this beautiful home.
04 1948 Gracewood From Side and Street

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
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New listing! 2069 Briar Bend Road Ridgeville SC 29472 Home For Sale MLS# 1314382

We are pleased to announce our newest listing: 2069 Briar Bend Road in Ridgeville SC 29472  MLS# 1314382

Just listed!  2069 Briar Bend Road Ridgeville SC 29472 Town and Country Home For Sale

 2069 Briar Bend Owners Suite Sitting Area

3 Bedroom     2.5 Bathroom     2,751 SF     Built 2006
1.423 acres Listed at $360,000 – this is NOT a short sale!
MLS# 1314382    Status: Active

We provide Premium  Real Estate Listing Services,  Discounted Real Estate Listing Services and Limited Service Flat Fee MLS listing services in Ridgeville, Summerville, Moncks Corner, Goose Creek, North Charleston, Mt. Pleasant, Charleston, James Island, Folly Beach, Johns Island, Wadmalaw Island, Isle of Palms, Sullivans Island, Daniel Island, Edisto Island, West Ashley, Ravenel, Hollywood, Meggett, Adams Run, Edisto Beach, SC – just about everywhere in the Greater Charleston Region.

2012 Annual Report on the Charleston Trident Housing Market released

2012 Annual Report on the Charleston Trident Housing Market released
Charleston Trident Association of Realtors has released its 2012 Year in Review report on the Charleston, SC  area’s residential housing market. Highlights:
* Home values up and down in 2012, depending on your home’s address.
* Inventory of real estate available for sale continued its decline to less than 6,000 units, which was 44% below that of 2008 and 21% below 2011. In an expanding market, reduced inventory theoretically helps stabilize or increase prices by creating more competition among buyers who are ready to buy.
* If your home was a new listing in 2012, it  had a 54% chance of selling in 2012; inversely, 46% of homes in the MLS in 2012 did not sell.  3 main probable  reasons for weak results: prices perceived as too high by buyers, property condition, and property location.  Buyers want move-in ready homes that are energy rated.  Read the latest report “What Home Buyers Really Want in 2013“.

CTAR 2012 Median Sales Price

CTAR 2012 Median Sales Price

Up or down?
If your home is in  Rural West Ashley – Hollywood, Ravenel, Meggett and Adams Run – your property may  have experienced the largest gain in home values in the area – up 13.5% from 2011.  Rural Berkeley County, Daniel Island, Folly Beach and James Island rounded out the other top 5 hot spots.

However, if you live in Greater North Charleston, Wando/Cainhoy, Upper Mt. Pleasant, St. George/Rural Dorchester County, or on Kiawah or Seabrook Islands, you may have experienced a decline in your home’s value over 2012.

Access the report here.  Remember that this is only an aggregate trend report and does not indicate what your home might be worth on the market today.  To determine a likely sales price range for your home, you should obtain a more detailed analysis of pricing trends in your neighborhood or for your property type  and a custom CMA (Competitive Market Analysis).  It is also advisable to obtain an appraisal of your home.

How is your neighborhood  trending?
SC Land and Homes
produces the CART Report (Charleston Area Real Estate Trends Report) to help clients identify trends relevant to their property, and provides custom CMA’s to help clients price their home appropriately.  We generally do not request seller’s obtain an independently ordered appraisal  except in certain situations but recommend one if a seller has any doubts about their home’s value.  Below is a sample from a recent client report for a Summerville, SC neighborhood.  Remember that this report uses all MLS sales data compiled from multiple party sales, and only shows possible pricing trends – not necessarily values.  Please contact us for a more detailed explanation.

CART Average Selling Price graph example

CART Average Selling Price graph example
2012 Median price of 7 sold units was $280,000
Data obtained from multiple MLS parties and is deemed reliable but not guaranteed

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA


SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

Builders Tweak Floor Plans for Growing Segment of Buyers

Builders Tweak Floor Plans for Growing Segment of Buyers

Reprinted from NAR’s Daily Real Estate News | Thursday, January 10, 2013

Will your next custom home be built for “bounce-backs”? Click on the photo to search Charleston, SC communities real estate for sale

Home builders are changing their floor plans to accommodate more people living under one roof. As adult children and aging parents move in, home owners are finding the need for more defined, separate housing corridors within their homes.  For example, home builder Lennar is expanding the offerings of what it calls the “Next Gen” house. Introduced in western states like California, Arizona, and Texas, Lennar is now taking its “Next Gen” floor plan to North Carolina. The single-family home features a second door, separate from the main entrance, that leads to a 500-square-foot suite for a private residence. There’s also a door inside the main house to access the suite.  “We market it as two homes, one payment,” says Trish Hanchette, Lennar’s Raleigh division president.

Home builders also are finding flexible first-floor space is in high demand. The spaces can be used as a mother-in-law suite or changed into a nursery, extra bedroom, or home office.  Some in the housing industry are also calling some flex rooms “bounce back” rooms — so named for adult children who have moved back in with their parents because they’re struggling to make it on their own.

“The number of 22- to 30-year-olds that are still living at home is at a record high right now,” says Hampton Pitts, an executive vice president with Ashton Woods Homes. “So you have that college graduate that’s back at home looking for a job and maybe got their first job but not ready to be in an ownership or rent situation.”

Source: “Builders Target Families with Multiple Generations Under One Roof,” RISMedia (Jan. 8, 2013)

Make sure to search for vacant lots and real estate throughout the Charleston area at Your MLS Account.  Here’s a local architect’s website you may want to visit, Carolina House Plans Inc.  We’re not affiliated – we just think they’ve got some great house plans suitable for Charleston’s lifestyles and charm.

Please call, text or use the form below to let us know  how we can assist you. We never share your personal information with anyone. Our Privacy Policy can be read here.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA


SC Land and Homes LLC
PO Box 1182
Johns Island, SC 29457-1182
Call or text (843) 442-7275
Fax (888) 456-6618

Congress passes measure to avoid the “Fiscal Cliff” while keeping the real estate recovery on track

Congress passes measure to avoid the “Fiscal Cliff” while keeping the real estate recovery on track – good news for the real estate market!

Mortgage interest deduction, mortgage cancellation relief, deduction for mortgage insurance premiums, leasehold improvements, energy efficiency tax credits, “Pease Limitations” relief, capital gains and the estate tax were in most ways all protected in the measure, with some changes that the NAR expects will affect only 1% of the population in the higher income brackets.  This is good news for residential, land and commercial real estate in the Charleston, SC region.

Click here to read the National Association of Realtor’s brief on how the measure will impact the housing market in 2013.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

Hacker “illegally” obtained credit card and Social Security numbers from SC DOR

Hacker “illegally” obtained credit card and Social Security numbers from SC DOR

South Carolina State House

In a major cyber attack against the South Carolina Department of Revenue, a hacker has obtained 3.6 million Social Security numbers and 387,000 credit and debit card numbers.

The DOR issued a press release October 26, 2012 urging everyone to take action to protect their identity.  You can read the Press Release here.

This is not a joke.  2 questions: first, the DOR is paying for Experian Credit monitoring for 1 year.  Do you think the hacker knows this?  What are 3.6 million Social Security numbers worth in 1 year if the buyer of the data knows the Experian credit protection plan paid for by the DOR is expiring?  I’d say they’d be worth more – not to mention all of the free advertising the hacker is getting.  Second, by definition, don’t hackers “illegally” obtain sensitive information?  Why would the State even try to spin this security breach?  Our identities were stolen, the State of SC is responsible, and after 1 year lapses, the State has unwittingly placed a premium on our SS# to buyers of stolen identities.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us