Okatie, South Carolina is going to explode!

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Okatie Village development was recently approved by Beaufort county. However, there are details which the county wants ironed out before this goes forward. Okatie Village will reflect the new urbanism where "towns" are created around schools, jobs and amenities that are close at hand. The "Village" will feature walking and bike trails and less dependence on travel by car is being touted as a benefit. There will be condos, as well as assisted living and a long term care units as part of the mix. New jobs will be created and overall this will be good for the Okatie community. There is in this area pressure on home prices, no question. However, investors see potential and they see opportunity. Ken Simonson, chief economist for The Associated General Contractors of America said: "Single-family building costs have been held down by falling prices for lumber and plywood, but these materials make up an insignificant part of the cost of other types of construction. "Simonson noted major materials price increases over the past 12 months including: Copper and brass mill shapes, such as pipe, wiring, faucets, and flashing, up 88 percent Wallboard and other gypsum products, 23 percent, Plastic construction products like polyvinyl chloride (PVC) pipe, fittings, and membranes, 20 percent, Steel mill products, 18 percent, Aluminum mill shapes, 15 percent, Concrete products, 11 percent (Source HGTVPRO.COM) Build now, or pay more for materials, later. The only question is, will the buyers come and will they be able to buy.
Posted by

John March


Comments (1)

Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN

Sounds like an awesome development for your area John - the buyers will come - may take longer, but there are still ready willing and able buyers out there for sure!



Oct 05, 2008 01:50 PM