The following text was taken from a Facebook live video on 2/10/23
Hey friends. Happy Friday. I'm here at the Habitat for Humanity House that's happening here in downtown Somerville. There's actually two homes going up simultaneously. There's two more that will be started here soon. I love being a participant here at Habitat for Humanity. It's called Women Build, and for two weeks they have women teams that are coming out and helping build these houses. And I love to give back to the community, but I love even more helping families and women who are in need. And so Habitat does a fantastic job of that. So glad to be a participant here today with some other wonderful ladies.
So we're out here hammering, sweeping, doing whatever tasks that they need us to do. At least we're not painting like we did last year. Painting ceilings. That was quite messy. So a quick market update and then I'll walk you around the outskirts of the building that we are constructing here.
But a quick market update. It is great. Buying activity is very, very similar to the buying activity that we had the latter part of 2022, which means that we're about sitting at around 300 sales a week in our MLS. That's pretty good, guys. And in fact, we're still holding steady with our median sales price to be in the 400 range only. We are up to three foreclosures this week, which we've been anywhere from zero to two in subsequent weeks. So we're up to three. Still very minuscule foreclosures in short sales bank owned property sales. So what we are seeing is we are getting a lot of wholesale houses, and that's one of the reasons that we're not seeing a lot of bank owned and foreclosures right now, is because a lot of these properties, you see those signs around that says buy cash. There's wholesalers that are buying it and then they're selling it to investors.
But what people have is more equity in their homes than they've ever had, so they're not having to turn them back over to the bank, which is a wonderful thing when we talk about real estate investments. So let's walk around and let's see what is happening here. It is not too late to be a part of these projects here at Habitat for Humanity. You can always jump in. Visit Dorchester Habitat online and you can sign on to be a participant and a volunteer. But let's say good morning to some of the work crew that's out here.
We've got some of our other volunteers. Kellie Collins, with Cross Country Home Lending is here. And her counterpart, Ellie and my friend Victoria, who's also a realtor, is here to help. We've just got wonderful ladies that are out here today, and of course men. But I look forward to showcasing this house as it progresses along as well. So if we can help you at all with whatever your real estate needs are, let us know. Buying, selling, investing, our team's gotcha. And as always, hope you have a great weekend. I am available 843-297-1935. Thanks guys. Bye now.
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Location in Summerville
Keller Williams Key
126 E 2nd North St
Summerville, SC 29483
Location in Charleston
Keller Williams Key
1180 Sam Rittenberg Blvd #300
Charleston, SC 29407