Happy Friday!

The following text was taken from a Facebook live video on 4/14/23


What a beautiful spring day it is. A lot of families in the low country are wrapping up their spring break from the last week. What a fun time for everybody as they've been traveling and just had a more relaxed week. And we've had lots of people coming into town as well because of spring break. And this is such a little hotspot with the beach local to us and...


So, anyways, we have really been enjoying our, I would say, more relaxed week for most families here in the low country. The other day even someone said to me that they were taking a break because it was spring break and I'm like, "But hang on, you don't have kids." And so, but just the mentality of spring break is nice. It just gives us a little more relaxation for one week and as much deserved for so many of us. So, I hope you've had a great week this week.


There's been lots of buying activity in here in the low country, and in my team, we've had a lot of listings. In fact, we've got a lot of open houses this weekend. This week, I was able to list a property. Great house. It's three bedroom plus a loft down... It was built by Crescent Homes years ago but it's down on James Island. So, it's new on the market, and it backs up to trees. And then, if you take this little pathway that behind that house, it actually overlooks the Stono River. It is just beautiful home, and the owners have done a phenomenal job with getting it prepared for the market, so we'll be rolling out some open houses on it.


We still have 204 Simmons that's on the market. The renovated house that I showcased last week.


It's got a couple of open houses this weekend. So, we've got lots. There's a house out of North Charleston that my team is hosting. So, my agent team is going to be spread out all over the low country. I get asked, "Do you get out of Somerville?" Got all the time. All the time. We can represent buyers and sellers throughout the low country. And so, yes, we get out of Somerville. So, just let us know what your needs are.


Let's talk about the sales though. Not as much buying activity as it. Maybe it should be, and it's because I feel like a broken record here, but we don't have the listings that we need to support the amount of buyers that are in our market.

I anticipate based on our statistics right now that we are going to be... In 2023, we're going to be 20% down in our sales versus 2022. That's pretty significant but it's because our inventory. Even though we are up from last year, it's still down. Our interest rates are still peaked up a little bit, but buyers are buying, and they have the understanding that they can refinance at a later date if they do drop down.


So, don't let it pause your buying activity. I would highly encourage you to get out in the marketplace and let us help guide you through the process because the fact is people still migrating here. It's still a very healthy economy. There are families that need to upsize. There are families that need to downsize.


I deal with a lot of estate sales and land sales where people just don't need the property anymore at all. And so, I'm grateful to be able to help families relinquish the asset that is no longer needed in their family. So, there's still many, many reasons why people are buying and selling here in the low country.


Let's talk about statistics for just a moment because we are zero sales in bank foreclosures and short sales this week. Zero sales. That's still telling me that there's a healthy economy and a healthy market in this area. We are having still strong price per square foot. I saw where another agent sent to me. I have connections with agents all across the country, and thankfully, we share information back and forth. And this agent that was based out of a town in Texas sent to me an update that they were down 6% in their sales price for the year. This year comparatively to this time last year.


Guys, that's pretty significant. 6% decrease in a sales price for this town in Texas. We're not seeing that here in the low country. In fact, our prices are holding steady. If not, still climbing just a little bit. And then, the projection is that we'll be back into a more normalized and healthy market come 2024, but our prices are not dropping here. And for that, I'm so grateful for it.


Those of us that invest in real estate and own real estate need to know that your asset is still very secured. And so, that's my message to you.


Listen, if I can help you buy or sell, again, I've got a strong team. The team is growing. We're making these notices all over social media. Harrell is new on the team. Ashley's new and licensed on the team. Of course, we've got Valerie, we've got Allison that worked like crazy day in and day out on behalf of our clients.


So, if you know of anyone, it is such an honor.


Every time I get a text or a phone call of somebody that is connecting me to somebody else that needs our services, please continue to do that for this team. We look forward to staying on the forefront on the top of not only numbers, but just really being an asset to those that are buying and selling. We've got a wealth of knowledge and information and eagerness to help. So, let us know who we can help that's in your sphere.



Thank you and have a great weekend.

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