Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

 

March 27, 2024

Willow Commons The Conway

NEW, AFFORDABLE, Ranch Style Duplex homes in Lugoff SC. Open concept, main floor living- 3 bedroom, 2 bath, 1 car garage. Low maintenance- lawncare and irrigation included. This fantastic location is close to I-20, minutes from downtown Lugoff, near shops, restaurants, and less than 15 minutes form historic Camden. Whether relocating or downsizing, Willow Commons is a great place to call home.* The photos you see here are for illustration purposes only, interior and exterior features, options, colors and selection may vary.*

3 Beds, 2 Baths, 1 Car Garage

 

 

Contact us To Schedule a Tour

 

 

 

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

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Posted in Buyers, General
March 25, 2024

176 Mill House Lane, Lexington, SC

5 BD 3 BA 2,820 SqFt

 

Beautiful, well-maintained home located in the sought after community of The Mill; located seconds from the Country Club of Lexington, and zoned for wonderful Lexington One schools! Home features brand new LVP floors throughout the main level and fresh paint throughout! Upstairs you will find five bedrooms, to include a huge master and ensuite with his and her walk-in closets. Fifth bedroom is also giant and could be used as an awesome bonus room, office, home gym, or playroom! This fabulous neighborhood has a gorgeous pool, which opens in April, a clubhouse for hosting events, and even a gym!!! Home is definitely a must-see!

 

CLICK HERE FOR COMPLETE DETAILS, PHOTOS & PRICE

 

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes For Sale:

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Posted in General
March 23, 2024

821 Royal Oak Way, Elgin, SC 29045

5 BD 5 BA 4,357 SqFt

 

 

Winning Trifecta: Curb Appeal and Great Lot and Fabulous Layout. From it's distinguished brickwork to it's fenced-in backyard along Woodcreek Country Club's golf course and 3 car garage the trio is fabulous. Welcome into the immaculate interior that catches natural light creating a serene feel throughout. The smart 1st floor with it's grand entry, flexible living room privatized with french doors, sunroom, dining, great room and spectacular open kitchen stocked with 2 pantries plus powder room and mudroom with neutral hardwood flooring flowing under makes gathering a pleasure. Top if off with a guest bedroom and bath suite and what more could you want? For entertaining & cooks sakes the kitchens twinkling quartz counters, pot filler, convection ovens, and gas range offer function and beauty. The upper floor offers as much with a smart split bedroom layout and generous bonus room. The owners suite rises above too with it's extra lounge and fireplace overlooking backyard golf course views plus an ultimate walk-in dressing closet all in hardwood flooring. Storage is satisfyingly abundant too via oversized closets, large butler pantry, laundry and mudroom storage. Extra hardwood flooring upstairs walkways and owners suite. Drive-by evenings see landscaped lighting. Woodcreek Farms is for strolling or full Country Club with swimming, tennis, golf and socials.

 

CLICK HERE TO VIEW COMPLETE DETAILS, PHOTOS, & PRICE

 

 

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes For Sale:

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Posted in General, Market Updates
March 22, 2024

112 Macaw Lane, Lexington, SC 29073

3 BD 2 BA 1,262 SqFt

 

Welcome to your new Home! It's a special place - not just for anyone. This wonderful single level home has been beautifully renovated with all the modern luxuries, granite counter tops, stainless steel appliances, new engineered hardwood flooring, cabinets, ceiling fans and lots of fresh paint. This home has three bedrooms, two bathrooms and lots of comfortable living area. Walk-in and unwind after a long day into your charming living room featuring new floors, tray ceiling with fan and cozy brick fireplace. The kitchen features granite counter tops, stainless steel appliances, microwave over the new smooth top stove, new floors and lots of cabinets plus eat-in dining area with bay-windows and access to the new deck. The spacious owner's suite features vaulted ceilings and fan, beautiful bay-window, new carpet, large walk-in closet and owners bath with granite counter tops and tile floors. There are two other bedrooms sharing the hall bath with double vanities, granite counter tops and tile floor. The new deck will be great for entertaining, cookouts and just relaxing. The huge backyard can be a wonderful playground or pet area and features an all new fence. This home is a must see. Schedule a preview!

 

 

CLICK HERE TO VIEW COMPLETE DETAILS, PHOTOS AND PRICING

 

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes For Sale:

Click Here To Select and View by Area.

 

 

Find Out Your Homes Estimated Value Instantly

 

Start Your Own New Home Search Here:

 

 

 

Posted in General, Market Updates
March 21, 2024

What Experts Are Saying About the Spring Housing Market?

 




If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here's what the professionals are saying about what’s in store for this season.

Odeta Kushi, Deputy Chief Economist, First American:

“. . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But it won’t necessarily be enough to satiate demand.”

Lisa Sturtevant, Chief Economist, Bright MLS:

There is still strong demand, as the large millennial population remains in the prime first-time homebuying range.”

Danielle Hale, Chief Economist, Realtor.com:

“Where we are right now is the best of both worlds. Price increases are slowing, which is good for buyers, and prices are still relatively high, which is good for sellers.

Skylar Olsen, Chief Economist, Zillow:

“There are slightly more homes for sale than this time last year, and there is still plenty of competition for well-priced houses. Buyers should prep their credit scores and sellers should prep their properties now, attractive listings are going pending in less than a month, and time on market will shrink in the weeks ahead.

Jiayi Xu, Economist, Realtor.com:

“While mortgage rates remain elevated, home shoppers who are looking to buy this spring could find more affordable homes on the market than they saw at the same time last year. Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, surpassing growth in other price ranges.”

If you’re looking to sell, this spring might be your sweet spot because there just aren’t many homes on the market. Sure, inventory is rising, but it’s nowhere near enough to meet today’s buyer demand. That’s why they’re still selling so quickly.

If you’re looking to buy, the growing number of homes for sale this spring means you’ll have more choices than this time last year. But be prepared to move quickly since there’ll be plenty of competition with other buyers.

Bottom Line

No matter what you're planning, let’s team up to confidently navigate the busy spring housing market. Contact us today!

 

 

Check Out The Newest Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes:

Click Here To select and view by area.

 

 

Find Out Your Homes Estimated Value Instantly

 

Start Your Own New Home Search Here:

 

 

Posted in Market Updates
March 20, 2024

Does It Make Sense To Buy a Home Right Now?

 




Thinking about buying a home? If so, you're probably wondering: should I buy now or wait? Nobody can make that decision for you, but here's some information that can help you decide.

What’s Next for Home Prices?

Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.

In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph below):

 a graph of green bars

 

Here’s what all the green on this chart should tell you. They’re not expecting any price declines. Instead, they’re saying we’ll see a 3-4% rise each year.

And even though home prices aren’t expected to climb by as much in 2025 as they are 2024, keep in mind these increases can really add up over time. It works like this. If these experts are right and your home's value goes up by 3.78% this year, it's set to grow another 3.36% next year. And another 3.87% the year after that.

What Does This Mean for You?

Knowing that prices are forecasted to keep going up should make you feel good about buying a home. That’s because it means your home is an asset that’s projected to grow in value in the years ahead.

If you’re not convinced yet, maybe these numbers will get your attention. They show how a typical home’s value could change over the next few years using expert projections from the HPES. Check out the graph below:

 a graph of growth in a chart

 

In this example, imagine you bought a home for $400,000 at the start of this year. Based on these projections, you could end up gaining over $83,000 in household wealth over the next five years as your home grows in value.

Of course, you could also wait – but if you do, buying a home is just going to end up costing you more. 

Bottom Line

If you're thinking it's time to get your own place, and you’re ready and able to do so, buying now might make sense. Your home is expected to keep getting more valuable as prices go up. Let’s team up to start looking for your next home today.

 

 

Check Out The Newest Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes:

Click Here To select and view by area.

 

 

Find Out Your Homes Estimated Value Instantly

 

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March 19, 2024

4 Tips To Make Your Strongest Offer on a Home

 




Are you thinking about buying a home soon? If so, you should know today’s market is competitive in many areas because the number of homes for sale is still low – and that’s leading to multiple-offer scenarios. And moving into the peak homebuying season this spring, this is only expected to ramp up more.

Remember these four tips to make your best offer.

1. Partner with a Real Estate Agent

Rely on a real estate agent who can support your goals. As PODS notes:

“Making an offer on a home without an agent is certainly possible, but having a pro by your side gives you a massive advantage in figuring out what to offer on a house.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for. That advice can be game changing when you’re deciding what offer to bring to the table.

2. Understand Your Budget

Knowing your numbers is even more important right now. The best way to understand your budget is to work with a lender so you can get pre-approved for a home loan. Doing so helps you be more financially confident and shows sellers you’re serious. That gives you a competitive edge. As Investopedia says:

“. . . sellers have an advantage because of intense buyer demand and a limited number of homes for sale; they may be less likely to consider offers without pre-approval letters.”

3. Make a Strong, but Fair Offer

It’s only natural to want the best deal you can get on a home, especially when affordability is tight. However, submitting an offer that’s too low does have some risks. You don’t want to make an offer that’ll be tossed out as soon as it’s received just to see if it sticks. As Realtor.com explains:

“. . . an offer price that’s significantly lower than the listing price, is often rejected by sellers who feel insulted . . . Most listing agents try to get their sellers to at least enter negotiations with buyers, to counteroffer with a number a little closer to the list price. However, if a seller is offended by a buyer or isn’t taking the buyer seriously, there’s not much you, or the real estate agent, can do.”

The expertise your agent brings to this part of the process will help you stay competitive and find a price that’s fair to you and the seller.

4. Trust Your Agent During Negotiations

After you submit your offer, the seller may decide to counter it. When negotiating, it's smart to understand what matters to the seller. Once you do, being as flexible as you can on things like moving dates or the condition of the house can make your offer more attractive.

Your real estate agent is your partner in navigating these details. Trust them to lead you through negotiations and help you figure out the best plan. As an article from the National Association of Realtors (NAR) explains:

“There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. A real estate professional who’s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs . . .” 

Bottom Line

In today's competitive market, let’s work together to find you a home you love and craft a strong offer that stands out. Contact Us to learn how you can be competitive in todays market!

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes For Sale:

Click Here To Select and View by Area.

 

 

Find Out Your Homes Estimated Value Instantly

 

Start Your Own New Home Search Here:

 

 

March 18, 2024

656 Legacy Park Court, Columbia, SC 29209

3 Bedroom, 3 Bath, 1620Sqft

 

Welcome to your charming abode near Ft Jackson! This delightful 3-bedroom, 2.5-bathroom home is a true gem. Built in 2019, it boasts modern aesthetics and functionality. Step inside to find a spacious living area flooded with natural light, perfect for cozy evenings or entertaining guests. The freshly painted interior exudes a sense of freshness and cleanliness throughout. The kitchen is a chef's dream, equipped with sleek appliances and ample counter space for meal preparation. Upstairs, you'll discover three generously sized bedrooms, each offering comfort and tranquility. The master suite is a sanctuary with its own private bathroom, providing a serene retreat after a long day. The additional bedrooms are versatile spaces, ideal for children, guests, or a home office. Outside, a large driveway provides convenient parking for multiple vehicles. The surrounding neighborhood is peaceful and family-friendly, offering a sense of community and security. Located near Ft Jackson, this home offers easy access to military amenities and nearby conveniences. Whether you're starting a family, relocating for work, or simply seeking a place to call home, this property offers the perfect blend of comfort, convenience, and style. Don't miss out on the opportunity to make this house your own slice of paradise. Schedule a showing today and prepare to fall in love!

 

CLICK HERE FOR COMPLETE DETAILS PHOTOS & PRICING

 

 

 

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes For Sale:

Click Here To Select and View by Area.

 

 

Find Out Your Homes Estimated Value Instantly

 

Start Your Own New Home Search Here:

 

 

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Posted in General, Market Updates
March 14, 2024

Your Home Is a Powerful Investment

 




Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by as much as 10-20%—and that might have made you feel a bit unsure about buying a home.

But here’s what actually happened: home prices went up more than usual. Brian D. Luke, Head of Commodities at S&P Dow Jones Indicesexplains:

“Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”

To put last year’s growth into context, the graph below uses data from Freddie Mac on how home prices have changed each year going back to 1980. The dotted line shows the long-term average for appreciation:

 a graph showing the average of a home appreciation

 

The big takeaway? Home prices almost always go up.

As an article from Forbes says:

“. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”

In fact, since 1980, the only time home prices dropped was during the housing market crash (shown in red in the graph above). Fortunately, the market today isn’t like it was in 2008. For starters, there aren’t enough available homes to meet buyer demand right now. On top of that, homeowners have a tremendous amount of equity, so they’re on much stronger footing than they were back then. That means there won’t be a wave of foreclosures that causes prices to fall.

The fact that home values went up every single year except those four in red is why owning a home can be one of the smartest moves you can make. When you’re a homeowner, you own something that typically becomes more valuable over time. And as your home’s value appreciates, your net worth grows. 

So, if you’re financially stable and prepared for the costs and expenses of homeownership, buying a home might make a lot of sense for you.

Bottom Line

Home prices almost always go up over time. That makes buying a home a smart move, if you’re ready and able. Let’s connect to talk about your goals and what’s available in our area.

 

 

Check Out The Newest Home Listings Available by Area:

Columbia SC    NE Columbia    Elgin    Forest Acres    Lake Murray (Lexington)   Lake Murray (Irmo)

Lexington    Irmo    Lake Carolina    St Andrews    Ballentine    Chapin    Blythewood    Lugoff

 

View New Construction Homes For Sale:

Click Here To Select and View by Area.

 

 

Find Out Your Homes Estimated Value Instantly

 

Start Your Own New Home Search Here:

 

 

Posted in Buyers, General
Sept. 10, 2021

Housing Market Facts or Fiction

When It Comes to Buying or Selling a Home, Don't Believe Everything You Hear about The Housing Market .

 

Buyers need to be mindful of the many misconceptions about the housing market and how data from local markets may differ from other areas.

The areas can range from a single community, a city, a county or even statewide and the data from each of these can be vastly different.  

If you're trying to understand what's really going on in your local market, vs the national market, it would be in your best interest to connect with a local realtor.

Whether you are considering buying or selling a home in the greater Columbia SC, and surrounding  areas we are here to answer your questions and get you the most current market data to help you determine the best course of action for you and your family.