Area update; UNDER CONTRACT!!

By
Real Estate Agent with ERA evergreen Real Estate

Well here we are in the first month of 2009 and already we have seen an increase of almost 20% in our local MLS pending sales (under contract). This inlcudes all types of properties, but hey, the numbers don't lie.

Back in November, we were down to 81 U/C's and today it's 98 and 4 closed the last few days. With the interest rates hovering around 5%, the folks that were on the fence about buying, seem to believe the time is right to get moving on that home purchase before it's too late.

With a lot of foreclosures and short sales still on the market, there are some great deals to be had. I just put a home under contract that we got for almost 40% less then it was on the market a year ago for. With military folks getting ready for the "seasonal transfer", usually starting in April, I think the number of distressed properties will go down, which should in turn help the local market stabilize some. 

New 15 Expired 7
Price Change 19 Hot List 62
Sold 4 Pending 98

Please visit me at www.buyinginbeaufort.com or www.scmilitaryrelocation.com

Have a great day!!

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Rainmaker
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RE/MAX Hilton Head Bluffton
RE/MAX Island Realty - Hilton Head Island, SC
Sun City Beaufort SC

YEAH!  Some good news for our Beaufort market!!!

Jan 26, 2009 12:32 PM #1
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Rainmaker
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Mike Sackman

Broker in Charge, ABR, CDPE
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