James Island Real Estate News: 1 in 5 homes sold in 1st quarter was in foreclosure
1 in 5 homes sold in South Carolina in the first three months of 2010 were a foreclosure with an average discount of 21%. According to a RealtyTrac report, this figure is still below the national average in which one in three homes sold was in foreclosure and in which buyers received an average of 27% off.
Statistics like this will have an effect on James Island real estate and well as the national real estate market.
To find out more about South Carolina Foreclosures, read this article from The Post and Courier.
For More information on Charleston Real Estate and/or Folly Beach Real Estate contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.
James Island Real Estate for Sale - Homes for Sale in James Island SC. You can also search for homes in these market segments, James Island Entry Level Homes, James Island Median Homes, James Island Upscale Homes, James Island Luxury Homes,and James Island Lots and Land in James Island SC. SC Real Estate for Sale in surrounding towns and communities, such as: Folly Beach, Summerville, James Island, Johns Island, West Ashley, and Charleston SC. Exit Realty The Tracey Group (843) 270-1300.
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James Island Rich with History
During the 19th century, plantations were built on James Island, along with the development of the village of Secessionville, a summer retreat for plantation owners. Indigo, cotton & rice were cultivated and the raising of beef cattle was quite lucrative. Numerous battle sites and historic buildings, including former slave quarters are still here today.
The Civil War began on James Island the morning of April 12, 1861. The Confederate Forces at Fort Johnson fired upon the Union occupied Fort Sumter. Both forts were located on the island's northern shore. Much of the fighting in the Charleston area during the remaining years of the Civil War occurred on James Island and it's close neighbor, Morris Island, as Union troops tried to invade Charleston from the south from their base at Folly Beach.
After the war, the large plantations were no longer working and small farms began to be the norm. This remained true until the 1960's. The opening of the James Island Expressway or James Island Connector in 1993 made the island much more accessible and a prime location for development.
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