Area update; UNDER CONTRACT!!

By
Real Estate Broker/Owner with Mike Sackman Real Estate, LLC

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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