Daniel Island | Charleston SC Blog

Folly Beach House

This home is bank owned and has wonderful ocean views. if you are looking for a relaxed casual beach cottage don't miss this opportunity. Excellent rental income and great potential as a cute cottage for personal use. It odes need TLC, but worth the effort. It will sell quickly:

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Great Deals Are Disappearing Fast...

Pacman has hit Daniel Island over the last six months. Most of the great deals in Daniel Island Park have sold. 175 King George is a hot deal due to aggressive pricing reductions. It is an elegant home backing to marsh on a popular street. The  home was originally listed at $1,225,000 in January 2011 and has been reduced several time to its current price if $1,075,000. At  242/SF this is a hot deal in today's market. If you have possible interest in this property call us now, we have more information. This home will sell very quickly in our opinion. Please call us at 843-259-9913.

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175 KIng George Street

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Annual Charleston Area Events

The Charleston area offers wonderful events year long. Whether it is spreading out blanket on the shores of Smythe Park Lake on Daniel Island, attending a cultural event at Spoleto Festival in May, enjoying the Azaleas at the Flowertown Festival in Summerville or enjoying professional golf and tennis on Daniel Island there is something for everyone. These are don't miss events:

Annual Festival of Houses and Gardens

Mar 17, 2011 - Apr 17, 2011    -    Downtown Charleston

Historiccharleston.org
 

Charleston International Antiques Show

Mar 18, 2011 - Mar 20, 2011    -    Downtown Charleston

historiccharleston.org

 

Charleston

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Southwest Airlines begins service from to/from Charleston later this week. Non stop flights are offered to Baltomire/Washington, Houston, Chicago (Midway) and Nashville. From these hubs you can connect almost anywhere is the U.S. - check out the Southwest route map. Rates are low and what a great time to come to Chalreston. The weather is beautful. Check out Southwest flights now.
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Mortgage rates are expected to slowly climb this year, but for now they are very attractive. Here is an example from Bank Of America:

Effective: February 25, 2011 ***See Assumptions at bottom***

Present the latest great rates to your customers with these Bank of America programs designed
to fit most every homebuyer’s dream:

 

 

Rate

Points/Origination

APR

30 Year Fixed

4.750%

0.000%

4.786%

15 Year Fixed

4.125%

0.000%

4.179%

5 Year ARM

3.500%

0.000%

3.211%

7 Year ARM

3.750%

0.000%

3.386%

30 Year Jumbo

5.625%

0.000%

5.656%

5 Year Interest Only ARM Jumbo

4.375%

0.000%

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We had the pleasure of hearing a detailed presentation by Joey Von Nessen, PHD, a research economist with Resh Marketing in Columbia and an assistant professor of economics at the University of South Carolina’s Moore School of Business.  Dr. Von Nessen studied all aspects of the local economy and presented an encouraging picture...“The question is not whether we are recovering, it’s just how long is it going to take.” With the very busy year we had at Prestige Real Estate Group breaking all of our company's sales records and the extremely busy beginning to 2011, we agree with Dr. Von Nessen's evaluation of the local real estate market. The great deals that remain are attracting multiple offers and available inventory is dwindling. Buyers looking for great

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The South Carolina Supreme Court has just ruled that contractors (builders) are responsible for damages caused by faulty workmanship. The ruling says that the contractors' insurance companies are off the hook in these situations. This is an interesting ruling and a two edged sword. On one hand there is a broad range of builders in our area. The good builders do good work. Those that don't may now feel the heat to pay more attention to the details...a good thing for the new owners. On the other hand, builders don't typically have deep pockets. If there is a serious workmanship issue and the insurance companies are off the hook, the new owner may have little recourse when the builder can't step up financially. New legislation is being proposed to address

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 suescott_marsh-use_this_921 Owners of Prestige Real Estate Group, Sue and Scott Campbell, were each awarded the “Executive Circle Award” as Realtors of Distinction in a ceremony on Thursday at the Daniel Island Club. This is the highest level award given by the association representing recognition of conforming to the realtor code of ethics and achieving real estate sales among the highest levels in Charleston.

 “We are very pleased to have been able to make continual progress since arriving in Charleston 5 years ago. 2010 was an explosive year of growth for our company. The Campbell team ended the year #1 in sales to buyers above $1,000,000 on Daniel Island and #3 in the entire city.” Commented Scott Campbell, "We are very pleased to have helped so many sellers and buyers at

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Real Estate News

 Seniors eye Charleston, local home and design show gears up Saturday, January 15, 2011 Guide: Local area among top retiree locales Pleasant temperatures, a steady economy and friendly residents are benefits of urban Charleston for people wrapping up their careers.

According to a new survey, Charleston ranks as fourth best spot for real estate investment among retirees. Local Market Monitor and its president Ingo Winzer compiled the list recently. That’s according to Michelle Whitbeck, an agent with Keller Williams Realty, as part of her monthly Lowcountry Real Estate Update. The list is intended to assist retirees wanting to choose a warm climate.

In describing the Charleston metro area, Winzer said, “Southern hospitality and

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