Have narrowed our choices

[USCJoe]

These stats are for homes selling in the $400,000 to $600,000 price range in Hamlin Plantation with the number of homes sold during each period.



4/26/2010 - 4/26/2011 $146 41 homes
4/26/2009 - 4/26/2010 $149 22 homes
4/26/2008 - 4/26/2009 $166 17 homes
4/26/2007 - 4/26/2008 $175 48 homes
4/26/2006 - 4/26/2007 $179 51 homes
4/26/2005 - 4/26/2006 $181 26 homes
4/26/2004 - 4/26/2005 $154 28 homes

The inventory on homes on the market as of March 16th of the following years in the $400,000 to $600,000 price range

2011 - 16
2010 - 19
2009 - 23
2008 - 23
2007 - 45
2006 - 24
2005 - 1

Originally Posted by moneill

yeah -- I would like to see a smaller range and inventory.

I think the market has changed drastically in Mount Pleasant. We began looking in the summer of 2007 and finally bought last September. I am delighted with the final result financially. We are true fiscal conservatives and were able to get a short sale and a great interest rate. Even if things dip a little we'll be smiling and we have the luxury of not having to move for a long time...so we can hold out if we have to.

I think there are new homes in the high 300,000's now. Sure, sure they are smaller but location, location, location.

I think the worst of the drops have happened and those that bought 2004 and later (and maybe even in 2003) and financed heavily are probably sitting with more debt than asset.....but if they don't have to move -- it will come around...it's gonna be a few years but it will come back. As for those that have to sell (or choose to) -- sure you don't get as much but you won't have to spend as much.

We began our move to Charleston in 2007. It look a very long time to sell our house in Georgia. Inventory was even bigger in the ATL area than here -- no movement (it was not an entry level house)......BUT........we were fortunate. House prices dropped in Mount Pleasant, interest rates dropped and for less money a month we have more house......if we had sold at the height of the market we would not have fared so well.

[tenflyer]

Going back to the original post all the places you listed are good ones. My opinion on them probably wouldn't sync with yours since I don't have kids.

Old Village has by FAR the most charm and in my opinion is in the best location of all those you listed. There is a reason it is the most expensive out of what you listed.

My problem with DI is that everything I personally want to do is off DI - and I'm always driving to MTP or downtown to go out or do just about anything so in hindsight I feel it is in a bad spot since it is 15-20 minutes to most of the things I want to do. But for others, it is a perfect choice and the inventory and prices there right now make for a great time to buy. It's definitely going to be one of the safest places, and just about everything is brand new.

I just personally think the Coleman/Ben Sawer area (especially including Old Village) thru MTP is the best place to be after having lived in Charleston for 7 years but that again is just me...

[emilybh]

Originally Posted by tenflyer

Going back to the original post all the places you listed are good ones. My opinion on them probably wouldn't sync with yours since I don't have kids.

Old Village has by FAR the most charm and in my opinion is in the best location of all those you listed. There is a reason it is the most expensive out of what you listed.

My problem with DI is that everything I personally want to do is off DI - and I'm always driving to MTP or downtown to go out or do just about anything so in hindsight I feel it is in a bad spot since it is 15-20 minutes to most of the things I want to do. But for others, it is a perfect choice and the inventory and prices there right now make for a great time to buy. It's definitely going to be one of the safest places, and just about everything is brand new.

I just personally think the Coleman/Ben Sawer area (especially including Old Village) thru MTP is the best place to be after having lived in Charleston for 7 years but that again is just me...

Also it doesn't hurt property values being located near the only Whole Foods Market in the southern half of the state!
An Open Letter to Jamaica Plain on “The Whole Foods Effect” « Franky Benítez