Foreclosures

Charleston Inventory Levels – Oh, the Stories They Tell.

Charleston Inventory Levels – Oh, the Stories They Tell.

Alright so the title of this post is a little dramatic but I always enjoy looking inside statistics and numbers to see what they can reveal. Firstly, inventory levels means months of housing supply compared to absorption rates.  In plain English – how many people are buying homes vs how many are on the market. 6-8 months of inventory is...

Update on Charleston Peninsula Homes for Auction – February/March

Update 6/16 203 Fishburne has dropped its price to $79,890 from $112,500 and it is still sitting there. 39 N. Enston came back on the market 4/18 for $96,000 and has now dropped the price to $82,900. 55 Carolina sold yesterday for $266,000 (pretty much what I said it would go for – I love being right. 😉 ) 11...

RealtyTrac – It just ain’t right

RealtyTrac – It just ain’t right

Why RealtyTrac is wrong and what you can do about it in Charleston, SC

Update on Bank-Owned Properties in Charleston

It’s been awhile since I last wrote in this series, but in reviewing my August post, I saw that it was in need of some updates!  So here’s what has happened to the ones I talked about then. 3 Sutherland Ave – 7 offers – asking price of $260,000.  My bet is that it will sell for above that. Details: 3...

Update: Charleston Peninsula Auctions & Bank-Owned Homes

Update: Charleston Peninsula Auctions & Bank-Owned Homes

Update 2/25: – 30 Montagu St is under contract.  This one took a bit longer than the others – about 9 weeks, which is still faster than your average sale. SOLD 4/09 for $900,000 As you all know, I follow the homes that go to auction and come back as bank-owned.  I like to make THE BET – to predict...

Home Prices Falling Further in 2010 – But not in Charleston?

Home Prices Falling Further in 2010 – But not in Charleston?

I saw this article on CNN Money today entitled “Homes About to Get Much Cheaper” with drastic falls in prices predicted for the majority of 381 Metro Areas.  My heart sank for home sellers.  I know so many people who absolutely need to sell their homes and if prices were slated to fall much further, buyers would wait on the...