Charleston Coastal Real Estate by Donnie Whitaker

SCR Year End Market Report: The 2011 Skinny

2012-01-30T07:26:00.000-08:00

Charleston Trident Association of REALTORS - Charleston Real Estate Market Shows Strength and Stability in 2011

2012-01-14T07:54:00.000-08:00

Charleston Trident Association of REALTORS - Charleston Real Estate Market Shows Strength and Stability in 2011

New Listing - 37 Beach Club Villa in Wild Dunes

2012-01-13T12:32:00.000-08:00

37 Beach Club Villa
3 Bedroom / 3 Bath Villa in Wild Dunes
$1,175,000
MLS #1128552
Listing Info

Best View in Beach Club

End of Year Isle of Palms and Wild Dunes Real Estate Market Update

2012-01-12T08:08:00.000-08:00

Isle of Palms

There were nine closed brokerage sales for $9.3 million in December, 2011 versus seven for $9.5 million in December, 2010.

For the year there were 111 closings for $165.8 million vs. 98 for $164.7 million last year.

Through December, the price of the average sale was $746,928 vs. $840,540 last year.

Wild Dunes

There were four closed brokerage sales for $5.7 million in December, 2011 versus eleven for $11.3 million in 2010. For the year there were 89 closings for $116.1 million vs. 82 for $125.7 million last year.

Through December, the price of the average sale was $652,508 versus $766,293 last year.

Charleston real estate market showing signs of stability

2011-12-15T14:20:00.000-08:00

Charleston real estate market showing signs of stability

IOP parking debate continues - Charleston, SC | News, Sports, Weather

2011-12-13T07:58:00.000-08:00

IOP parking debate continues - Charleston, SC | News, Sports, Weather

Third Quarter 2011 Residential Market Update

2011-12-13T07:37:00.000-08:00

Isle of Palms and Wild Dunes Real Estate Update - November, 2011

2011-12-10T06:36:00.000-08:00

Isle of Palms

There were nine closed brokerage sales for $14.2 million in November, 2011 versus eight for $10 million in November, 2010.

Year to date, there have been 96 closings for $141.8 million vs. 89 for $153.8 million last year.

Through November, the price of the average sale was $738,427 vs. $864,303 last year.

Wild Dunes

There were nine closed brokerage sales for $14.8 million in November, 2011 versus three for $2.7 million in 2010. Year to date there have been 84 closings for $110.4 million vs. 71 for $113.4 million last year.

Through November, the price of the average sale was $675,280 versus $798,908 last year.

Isle of Palms and Wild Dunes Real Estate Update - October, 2011

2011-11-08T08:08:00.000-08:00

Isle of Palms

There were six closed brokerage sales for $7.1 million in October, 2011 versus eight for $11.5 million in October, 2010.

Year to date, there have been 84 closings for $126.2 million vs. 79 for $139.3 million last year.

Through October, the price of the average sale was $751,310 vs. $881,785 last year.

Wild Dunes

There were four closed brokerage sales for $4.8 million in October, 2011 versus nine for $15.4 million in 2010. Year to date there have been 76 closings for $95.1 million vs. 67 for $108.1 million last year.

Through October, the price of the average sale was $625,487 versus $806,134 last year.

Thanks, Y'all - Charleston Voted 2011 Top City in United States

2011-10-20T11:34:00.000-07:00

Isle of Palms and Wild Dunes Real Estate Update - September 2011

2011-10-19T07:57:00.000-07:00

Isle of Palms

There were nine closed brokerage sale for $10 million in September, 2011 versus six for $9 million last year.

Year to date, there have been 77 closings for $119.1 million vs. 71 for $128 million last year.

Through September, the price of the average sale was $773,362 vs. $901,049 last year.

Wild Dunes

There were three closed brokerage sales for $4.2 million in September, 2011 versus 8 for $14.7 million in 2010. Year to date there have been 71 closings for $87.8 million vs. 57 for $93.2 million last year.

Through September, the price of the average sale was $618,521 versus $817,281 last year.

Isle of Palms and Wild Dunes Real Estate Market Update - August 2011

2011-09-14T07:11:00.000-07:00

Isle of Palms

There were six closed brokerage sales for $7.3 million in August, 2011 versus five for $7.8 million in August, 2010.

Year to date, there have been 68 closings for $108 million vs. 63 for $117.8 million last year.

Through August, the price of the average sale was $794,427 vs. $935,127 last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were 11 closed brokerage sales for $14.9 million in August, 2011 versus 8 for $18.3 million in 2010. Year to date there have been 67 closings for $82.8 million vs. 50 for $82.5 million last year.

Through August, the price of the average sale was $617,731 versus $824,790 last year.

Isle of Palms and Wild Dunes Real Estate Market Update - July 2011

2011-08-12T06:35:00.001-07:00

Isle of Palms

There were six closed brokerage sales for $8.9 million in July, 2011 versus six for $5.3 million in July, 2010.

Year to date, there have been 61 closings for $97 million vs. 57 for $106 million last year.

Through July, the price of the average sale was $794,680 vs. $930,070 last year.

Wild Dunes

There were six closed brokerage sales for $5.5 million in July, 2011 versus six for $11.9 million in 2010. Year to date there have been 56 closings for $67.9 million vs. 42 for $64.2 million last year.

Through July, the price of the average sale was $606,259 versus $764,631 last year.

$1 Million Dollar Price Reduction at 4002 Palm Blvd

2011-08-09T11:10:00.000-07:00

Known as one of the most lavish homes on the Isle of Palms, 4002 Palm Blvd boast 6500 square feet of quality construction with all the bells and whistles you would want in a luxury home.

Built in 2008, this home is perfect to use as a primary residence, second home, or investment property, as it has generated as much as $300k per year in rental income.

The asking price was just reduced by $1 million dollars, making a total of $2.2 million dollars since it was originally listed.

Click on the link for detailed information about this home - 4002 Palm Blvd

Premier Home on the Isle of Palms Back on the Market - 300 Ocean Blvd

2011-07-29T07:37:00.000-07:00

If you are looking for one of the finest oceanfront homes on the Isle of Palms look no further. This home located at 300 Ocean Blvd on the Isle of Palms was built of superior construction sparing no expense. The home has many great features including a 13' salt water aquarium, infinity edge pool looking out to the Atlantic Ocean, wine cellar, and a spacious kitchen featuring 2 Sub Zero refrigerators, 2 dishwashers and a Wolf Range.

While the price tag on this home is not cheap, it is fitting for a house that you have to see to believe.

Click the link for pictures of this home and for more detail - 300 Ocean Blvd

Charleston Coastal Real Estate by Donnie Whitaker: 5 Deals on the Isle of Palms and Wild Dunes

2011-07-21T08:48:00.000-07:00

Charleston Coastal Real Estate by Donnie Whitaker: 5 Deals on the Isle of Palms and Wild Dunes: "While there are plenty of great buys available on the island, I thought I would list just a few. Click on the MLS Link to each page to view..."

Life on the Water

2011-07-21T07:45:00.000-07:00

Well not exactly...but close. A personal goal of mine is to one day be able to own a property on the water with a dock and slip for the boat I don't yet own. For some of you the time may be now and in that case I am jealous. Although there are plenty of homes available in the Charleston area to choose from with a dock, I thought I would break down a few on the Isle of Palms and Sullivan's Island you just might like.

3202 Jasper Blvd - MLS# 1112864

3310 Jasper Blvd - MLS# 1109615

3024 Jasper Blvd - MLS# 1027473

911 Palm Blvd - MLS# 1027593

10 Tabby Ln - MLS# 1112957

*these properties are being listed by various MLS participants.

5 Deals on the Isle of Palms and Wild Dunes

2011-07-13T11:14:00.000-07:00

While there are plenty of great buys available on the island, I thought I would list just a few. Click on the MLS Link to each page to view.

711 Ocean Blvd - MLS# 1018545

513 Ocean Blvd - MLS# 1112884

2 Beachwood West - MLS# 1114288

11 Lagoon Villa - MLS# 1111478

5F Mariners Walk - MLS# 1013563

Please feel free to contact me for more information on these properties or similar properties in the area.

Isle of Palms and Wild Dunes Real Estate Market Update - June, 2011

2011-07-11T08:23:00.000-07:00

Isle of Palms

There were 10 closed brokerage sales for $15.6 million in June, 2011 versus 13 for $18.5 million in June, 2010.

Year to date, there have been 53 closings for $84.6 million vs 49 for $98.8 million last year.

Through June, the price of the average sale was $798,264 vs. $1 million last year.

Wild Dunes

There were 11 closed brokerage sales for $21.5 million in June, 2011 versus 3 for $3 million in 2010. Year to date there have been 50 closings for $62.4 million vs. 35 for $52.2 million last year.

Through June, the price of the average sale was $624,180 versus $745,114 last year.

Where Do America's Most Attractive People Live?

2011-07-07T07:52:00.000-07:00

According to a survey conducted by Travel + Leisure Magazine it's Charleston. The survey found that the most attractive people typically live in areas of warm climate and areas where you find lots or recreation.

This just adds to Charleston's growing list of accolades including; most polite city (Conde Naste), one of America's best business city and also one of the smartest cities (Forbes).

All great reasons to make Charleston your home!

513 Ocean Blvd, Isle of Palms, SC 29451, Presented by Donnie Whitaker, Dunes Properties. Powered by FloorPlanOnline

2011-06-09T08:37:00.000-07:00

This is a new feature I will be using with all my listings. It is done by a company named Floor Plan Online and allows buyers to view high quality photos, use an interactive floorplan, and watch a walk-through video. What a great product! Click the link below to preview.

513 Ocean Blvd, Isle of Palms, SC 29451, Presented by Donnie Whitaker, Dunes Properties. Powered by FloorPlanOnline

Sullivan's Island Lighthouse

2011-06-07T09:18:00.000-07:00

The Lighthouse on Sullivan's Island was the last major lighthouse built by the federal government. The 163 foot

lighthouses triangular shape allows it to withstand winds up to 125 miles per hour. It was first used in 1962 and had one of the brightest lights in the western hemisphere.

Isle of Palms and Wild Dunes Real Estate Update - May, 2011

2011-06-07T07:26:00.000-07:00

Isle of Palms

There were nine closed brokerage sales for $20.9 million in May, 2011 versus seven for $13.3 million in May, 2010.

Year to date, there have been 41 closings for $67.4 million vs. 35 for $79.4 million last year.

Through May, the price of the average sale was $822,122 vs. $1.134 million last year.

Wild Dunes

There were nine closed brokerage sales for $8.2 million in May, 2011 versus eight for $10.7 million in 2010. Year to date there have been 38 closings for $40.5 million vs. 31 for $48.4 million last year.

Through May, the price of the average sale was $532,303 versus $780,677 last year.

513 Ocean Blvd, Isle of Palms

2011-05-25T08:07:00.000-07:00

I wanted to pass on a little information about a home I just listed on the Isle of Palms..... This is a wonderful second row opportunity on prestigious Ocean Blvd. Enjoy ocean breezes from the spacious screened in porch while enjoying views of the Atlantic Ocean and having the luxury of beach access directly across the street. Owners have just refinished the hardwood floors, replaced the carpet, and painted the entire interior of the home. A new roof and skylights were recently added as well. The home is being sold furnished including wall pictures and two LCD TV's. Other features include custom fit wood panels for hurricane protection, double ovens in the kitchen, and an enclosed wood fence in the back yard. The yard was recently landscaped with the addition of new palmetto trees. Great rental potential!Please contact me for me information.

Isle of Palms Awarded Best Beach Restoration Honor

2011-05-23T10:17:00.000-07:00

The American Shore and Beach Preservation Association has awarded the Isle of Palms with the honor of one of America's best restored beaches. The area restored was at the north end of the Island done back in 2008. You can read the full article posted in the Moultrie News by clicking here.

Morgan Creek Calm

2011-04-23T14:46:00.000-07:00

A Little Southern Hospitality and Local Cuisine

2011-04-19T09:40:00.000-07:00

I had to post this wonderfully written article by authors Matt & Ted Lee written in Travel & Leisure Magazine. This is a must read for good/southern food lovers in and visiting Charleston....Click here to read the Travel & Leisure article.

Good News for Real Estate

2011-04-14T08:28:00.000-07:00

Is it time to buy again? The Feature Editor for Fortune Magazine thinks so. Nondistressed areas are already showing the signs of an increase in buying because of job growth, and distressed markets will follow. Things look good for new homes, as inventories of resale homes reduce.

The article posted in CNNMoney.com is rather long, but worth the read.

Isle of Palms and Wild Dunes Real Estate Update - March 2011

2011-04-08T11:45:00.000-07:00

Isle of Palms

There were 11 closed brokerage sales for $15.5 million in March, 2011 versus 6 for $9.6 million in March, 2010.

Year to date, there have been 25 closings for $40.5 million vs. 19 for $50.2 million last year.

Through March, the price of the average sale was $810,940 vs. $1.3 million last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were nine closed brokerage sales for $9.5 million in March, 2011 versus eight for $12.3 million in 2010. Year to date there have been 23 closings for $22.8 million vs. 15 for $23.6 million last year.

Through March, the price of the average sale was $494,869 versus $787,733 last year. Remember, these are macro numbers dependent on the properties sold.

Isle of Palms / Wild Dunes Real Estate Update February 2011

2011-03-05T06:04:00.000-08:00

Isle of Palms

There were five closed brokerage sales for $8.4 million in February, 2011 versus seven for $22.1 million in February, 2010

Through February, there were 8 closings for $11.7 million vs. thirteen for $40.6 million last year.

Through February the price of the average sale was $729,125 vs. $1.563 million last year.

Wild Dunes

There were six closed brokerage sales for $4.7 million in February, 2011 versus three for $4.5 million in 2010.

Through February this year there were twelve closings for $12.2 million vs. seven last year for $11.3 million.

Through February, the price of the average sale was $508,000 versus $808,143 last year.

Spotlight on Morgan Place in Wild Dunes

2011-01-17T11:11:00.000-08:00

Morgan Place is a gated community inside of Wild Dunes Resort. Morgan Place was developed in the 90's and sits in between the 14th and 15th holes of the Harbor Course, and Morgan Creek. This section of Wild Dunes features beautiful Charleston style homes that are all unique in their own way.

There are a total of 68 home sites (most developed) inside the gates. The large majority of homes either offer views of the Harbor Course or views of Morgan Creek. If you are a boater, you will find many of the homes to have a personal 45 foot slip and some are deeded with a meditteranean dock slip.

There are currently 8 homes for sale (partnerships not included). They are:

64 Morgan Place $1,249,000 Golf Course View / Mediterranean Slip
49 Morgan Place $1,250,000 Morgan Creek View
45 Morgan Place $1,299,950 Morgan Creek View
15 Morgan Place $1,349,000 Golf Course View / Mediterranean Slip
65 Morgan Place $1,499,000 Golf Course View / Mediterranean Slip
20 Morgan Place $1,595,000 Morgan Creek View / 45 ft slip
31 Morgan Place $1,995,000 Morgan Creek View / 45 ft slip
42 Morgan Place $2,100,000 Morgan Creek View

View Larger Map

Please feel free to give me a call or send me an email for more information.

*homes listed by various MLS Participants
*prices subject to change

Vacation Home Sales Improving

2011-01-12T10:17:00.000-08:00

It seems I am not the only one who has noticed a rise in vacation home sales lately. Downward price adjustments, low jumbo loan rates, and motivated sellers is just what the doctor ordered to once again make buying a vacation home attractive.

A recent article in the Wall Street Journal discusses this topic in more detail.

Isle of Palms / Wild Dunes Real Estate Update December 2010

2011-01-11T09:57:00.000-08:00

Isle of Palms

There were seven closed brokerage sales for $9.5 million in December, 2010 versus eight for $15.9 million in 2009.

Last year there were 98 closings for $164.7 million versus 75 closings a year ago for $146 million.

In 2010 the price of the average sale was down 13.6% versus 2009 ($840,541 vs. $972,987). Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were 11 closed brokerage sales for $11.3 million in December, 2010 versus 10 for $13.3 million in 2009.

Last year there were 82 closings for $125.7 million versus 60 closings in 2009 for $91.7 million.

Year to date the price of the average sale is $662,293 versus $763,758 last year. Remember, these are macro numbers dependent on the properties sold.

Isle of Palms / Wild Dunes Real Estate Market Update - November 2010

2010-12-09T07:20:00.000-08:00

With the year coming to an end, numbers show an overall increase in homes/condos sold on both the Isle of Palms and in Wild Dunes. The average price per sale decreased on the Isle of Palms and slightly increased in Wild Dunes.

Isle of Palms

There were eight closed brokerage sales for $10 million in November, 2010 versus seven for $7.8 million last year.

Year to date, there have been 89 closings for $153.8 million versus 67 closings a year ago for $130 million.

Year to date, the price of the average sale was down 11% versus last year.

Wild Dunes

There were three closed brokerage sales for $2.7 million in November, 2010 versus three for $4.4 million last year.

Year to date there have been 71 closing for $113.4 million versus 49 closings last year for $71.1 million.

Year to date the price of the average sale is $798,908 versus $725,980 last year.

Reasons to Smile About Charleston's Economy

2010-10-12T08:24:00.000-07:00

There was a very positive article this morning in the local paper I wanted to share. These are all great reasons to be optimistic about the future and local economy!

Click here to read the article from the Post and Courier.

Wild Dunes / Isle of Palms Real Estate Update September 2010

2010-10-12T06:51:00.000-07:00

Isle of Palms

There were six closed brokerage sales for $9 million in September, 2010 versus three for $2.8 million last year.

Year to date, there have been 71 closings for $127.9 million versus 51 closings a year ago for $105.4 million.

Year to date, the price of the average sale was down 12.8% versus last year.

Wild Dunes

There were eight closed brokerage sales for $14.7 million in September, 2010 versus ten for $11.4 million last year.

Year to date there have been 57 closings for $93.2 million versus 39 closings last year for $59.6 million.

Year to date the price of the average sale is $817,281 versus $764,445 last year.

Wild Dunes / Isle of Palms Real Estate Update August 2010

2010-09-09T09:58:00.000-07:00

Isle of Palms

There were five closed brokerage sales for $7.8 million in August, 2010 versus seven for $13.8 million last year.

Year to date, there have been 63 closings for $117.8 million versus 48 closings a year ago for $101.9 million.

Year to date, the price of the average sale was down 11.9% versus last year.

Wild Dunes

There were eight closed brokerage sales for $18.3 million in August, 2010 versus one for $1.6 million last year.

Year to date there have been 50 closings for $82.5 million versus 30 closings last year for $50.4 million.

Year to date the price of the average sale is $824,790 down 2% from $840,617 last year.

Isle of Palms / Wild Dunes Real Estate Update - July 2010

2010-08-10T08:29:00.000-07:00

Isle of Palms

There were six closed brokerage sales for $5.3 million in July, 2010 versus six for $13.7 million last year.

Year to date, there have been 57 closings for $106 million versus 38 closings a year ago for $84.7 million

Year to date, the price of the average sale was down 16.5% versus last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were six closed brokerage sales for $11.9 million in July, 2010 versus eight for $9.3 million last year.

Year to date there have been 42 closings for $64.2 million versus 29 closings last year for $48.8 million.

Year to date the price of the average sale is $764,631 down 9.2% from $842,190 last year.

Isle of Palms / Wild Dunes Real Estate Market Update - June 2010

2010-07-08T07:28:00.000-07:00

Isle of Palms

There were 13 closed brokerage sales for $18.5 million in June, 2010 versus 9 for $15.4 million last year.

Year to date, there have been 49 closings for $98.8 million versus 31 closings a year ago for $71.5 million.

Year to date, the price of the average sale was down 12.5% versus last year.

Wild Dunes

There were three closed brokerage sales for $3 million in June, 2010 versus four for $3.4 million last year.

Year to date there have been 35 closings for $52.2 million versus 21 closings last year for $39.7 million.

Year to date the price of the average sale is $745,114 versus $945,857 last year.

Charleston From the Sky

2010-07-07T11:31:00.000-07:00

I thought this aerial footage shot throughout Charleston was to good to not share. It is called "Low Country High".

The Truth About Short Sales and Your Credit Score

2010-06-17T07:40:00.000-07:00

Short Sale is a popular word these days. Many homeowners believe they can walk from their home in a short sale situation and suffer less of a hit to their credit than if they go the foreclosure route. Not so fast. This article in the post in courier will help to dispell that myth.

Link to article

Only a few remain at Sawyer's Landing in Mt. Pleasant

2010-06-14T07:55:00.000-07:00

Now may be the time to act if you have been considering Sawyer's Landing in Mt. Pleasant. With the most recent sell last week, there are now only three units left. Each of these luxury townhomes offers a beautiful marsh front view looking towards Sullivan's Island.

If it is convenience you are looking for, this is it. Sawyer's Landing is a three minute drive to Sullivan's Island and 10 minutes to downtown Charleston. You are also close to the Shem Creek area.

Sawyer's Landing Units Still Available:

A1 3br/3Ba for $489,000
A7 3br/ 2.5Ba for $675,000
A9 3br/ 2.5 Ba for $$699,000

Please feel free to contact me anytime for more information or a tour.

Charleston Home Sales on the Rise!

2010-06-11T08:40:00.000-07:00

Local home sales rose by double digits again in May, according to numbers released Thursday, just as mortgage rates fell to an almost record low and federal lawmakers talked about extending home-buying tax incentives.

To read the Post and Courier article in it's entirety click here.

Isle of Palms / Wild Dunes Real Estate Market Update - May 2010

2010-06-09T09:00:00.000-07:00

Isle of Palms

There were seven closed brokerage sales for $13.3 million in May, 2010 versus five for $20.3 million last year.

Year to date, there have been 35 closings for $79.4 million versus 22 closings a year ago for $54.6 million.

Year to date, the price of the average sale was down 8.6% versus last year.

Wild Dunes

There were eight closed brokerage sales for $10.7 million in May, 2010 versus nine for $20.7 million last year.

Year to date there have been 31 closings for $48.4 million versus 17 closings last year for $38.1 million.

Year to date the price of the average sale is $780,677 versus $1.12 million last year.

Top 10 Picks on the Island

2010-06-04T11:22:00.000-07:00

This will be the first of my monthly "top 10 picks on the island" update. For my selections I am not only looking for a home/condo priced well, but I am also considering location and condition, upgrades, etc.

In each update I will include homes/condos in Wild Dunes, Isle of Palms, and on Sullivan's Island.

So, here is my first list, in no particular order:

Sullivan's Island

2420 Jasper Dr. , $850,000 , 4 BR / 2 1-2 BA, 2,104 sqft

Isle of Palms

14 41st Ave , $1,399,900 , 6 BR / 6 1-2 BA , 4,334 sqft

2408 Palm Blvd , $1,899,000 , 6 BR / 3 1-2 BA , 2,800 sqft , Oceanfront

16 Seahorse Ct , $1,699,000 , 4 BR/ 3 1-2 BA , 4,252 sqft Deepwater w/dock

Wild Dunes

1209 Ocean Club, $949,200 , 3 BR/ 3 1-2 BA , 2,135 sqft, Oceanview

17 Lagoon Villa, $395,000, 2 BR / 2 BA, 1,218 sqft Lagoon View

6B Seagrove, $524,900, 2 BR/ 2BA, 1,155 sqft, Oceanside of WD

2F Mariners Walk, $799,000, 3 BR /3 BA, 1,403 sqft, Oceanfront

56 Morgan Cove , $895,000 , 4 BR/ 3BA, 2,526 sqft, Golf Course View

424 C Shipwatch, $65,000 , 3 BR/ 3BA , 1,635 sqft, 1/13 partnership

Please feel free to contact me for more information (including photos) of any of these or other property in the area.

These homes/condos are listed by various MLS Participants

Isle of Palms / Wild Dunes Real Estate Market Update - April 2010

2010-05-11T09:15:00.000-07:00

Isle of Palms

There were seven closed brokerage sales for $9.2 million in April, 2010 versus four for $7.3 million last year.

Year to date, there have been 26 closings for $58.8 million versus 16 closings a year ago for $32.5 million.

Year to date, the price of the average sale was $1.13 million versus $1.01 million last year.

Wild Dunes

There were eight closed brokerage sales for $14.2 million in April, 2010 versus three for $7.2 million last year.

Year to date there have been 23 closings for $37.8 million versus eight closings last year for $17.5 million.

Year to date the price of the average sale is $822,000 versus the $1 million last year.

Wild Dunes Resort Tennis Center Ranked #2!

2010-05-03T09:55:00.000-07:00

Tennis Resorts Online has ranked Wild Dunes as the #2 Tennis Resort for the second time since 2005. This is a big jump from it's ranking last year and shows what a great staff and improvement in facilities can do. Another local resort, Kiawah Island Resort, finished just ahead at the #1 spot.

Please feel free to contact me anytime for a list of property available in Wild Dunes.

Isle of Palms / Wild Dunes Real Estate Market Update - March 2010

2010-04-06T09:56:00.000-07:00

Isle of Palms

There were six closed brokerage sales in March, 2010 for $9.6 million versus three last year for $4.4 million.

Year to date, there have been 19 closings for $50.2 million versus 11 closings a year ago for $21.5 million.

Year to date, the price of the average sale was $1.3 million versus $977,000 last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were 8 closed brokerage sales in March, 2010 for $12.3 million vs. one last March for $1.2 million.

Year to date there have been 15 closings for $23.6 million versus five closings last year for $10.3 million.

The price of the average sale in January was $788,000 versus $1 million last year.

Isle of Palms Rental Ordinance Moves Forward

2010-04-05T07:09:00.000-07:00

The first reading of the overnight rental occupancy has passed with a 6-3 vote. This ordinance is to restrict the amount of people that can occupy a residence on the Isle of Palms if a rental license is purchased after April 27, 2010. If passed, anyone who gets a license to rent, will be limited to a max of 10 renters per dwelling. For those who already have a license, they will be grandfathered in as long as they don't let their license expire.

Check out this recent article in the Island Eye News for more detail and to here reactions from a few of the homeowners.

Short Sale Process To Become Easier

2010-04-02T10:43:00.000-07:00

On April 5th new short sale regulations will go into effect which should make the short sale process easier. Incentives will be offered to lenders as a reward for handling these short sales and new time lines will be put in place to help speed up the process it takes to execute a sale.

Here is an article from CNNMoney.com that explains the new short sale regulations in greater detail.

Charleston a top 5 market for 2010!

2010-03-25T11:31:00.000-07:00

According to this article, Smart Money has ranked Charleston as one of the top 5 markets for 2010. They based it on several factors. Two of the factors included areas with a limited supply of housing stock and another was based on prices staying in sync with household income. Other factors that helped Charleston fall in the top 5 include the arrival of Boeing and that it is a coastal community attracting second home and investment buyers.

This article backs up other articles predicting Charleston to be one of the first markets to recover. This is of course good news for those of us who are Charlestonian's and attractive for those looking to buy or sell in this area.

Builder Magazine Ranks Charleston as one of the top 5 regions on the mend!

2010-03-23T07:57:00.000-07:00

As the fastest growing city in South Carolina, Charleston is predicted to be one of the first real estate markets to recover. Building Magazine gives it much of this credit due to its underlying demographic strength.

To read the online article in Business Magazine click here.

Isle of Palms / Wild Dunes Real Estate Market Update - February 2010

2010-03-08T08:41:00.000-08:00

Isle of Palms

There were seven closed brokerage sales in February, 2010 vs. three last February. February, 2010 closed brokerage production was $22.2 million vs. $5.7 million in February, 2009.

Year to date, there have been 13 closings for $40.6 million versus 8 closings a year ago for $17.8 million.

Year to date, the price of the average sale was $3.1 million versus $2.2 million last year. Please remember these are macro numbers and dependent on the properties sold.

Wild Dunes

There were three closed brokerage sales in February, 2010 for $4.5 million vs. three last February for $8.1 million.

Year to date there have been seven closings for $11.3 million versus four closings last year for $9.1 million.

The price of the average sale was $1.62 million versus the $2.26 million last year.

Highlight on Grand Pavilion in Wild Dunes

2010-02-25T06:51:00.000-08:00

Developed in the 90's, Grand Pavilion is a series of 141 homes located in the heart of Wild Dunes. Grand Pavilion is broken into sections to include Seaside Cottage, Grand Pavilion, and Boardwalk homes.

Amenities in Grand Pavilion include access to three pools and a centrally located board walk to the beach. Just steps away you will find the award winning Wild Dunes Tennis Center, Harbor Course Pro Shop, and the Sweet Grass Pavilion.

Currently there are 22 homes for sale located throughout Grand Pavilion. Home prices range from $849,000 to $2,500,000 ,while the average price is $1,520,745. These homes go from 3 to 5 bedrooms and can be anywhere from 1,800 to 3,800 square feet.

If it is a partnership you are looking for, there are currently four available priced at $175,000, including four weeks per year.

With these homes currently sitting on the market for 430 days, there are plenty of opportunities to find a good deal and to select from.

View Larger Map

Charleston Makes List of Markets Most Likely to Rebound First

2010-02-05T09:18:00.000-08:00

Recent research shows Charleston likely to be one of the first markets to rebound. Much of this optimism is a result of Boeing moving in.

Click this link to read more.

Isle of Palms/Wild Dunes Real Estate Sales Update - January 2010

2010-02-05T08:13:00.000-08:00

Isle of Palms

There were five closed brokerage sales in January, 2010 vs. four last January.

January closed brokerage production was $15.4 million vs. $11 million in January, 2009.

In January the price of the average sale was $3.1 million versus $2.7 million last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were three closed brokerage sales in January, 2010 for $5.7 million vs. one for $950,000 in January, 2009.

The price of the average sale in January was $1.9 million versus the $950,000 for the one sale last January.

Isle of Palms / Wild Dunes December Sales Update

2010-01-15T06:56:00.000-08:00

Isle of Palms

There were eight closed brokerage sales in December, 2009 vs. four last December.

In 2009 there were 75 closings on the Isle of Palms for $146 million vs. 42 for $87.4 million last year.

In 2009 the price of the average sale is down 6.5% versus 2008.

Wild Dunes

There were ten closed brokerage sales in December, 2009 for $13.3 million vs. none in December, 2008.

In 2009 there were 60 closings for $91.7 million vs. 145 closings for $258.7 million last year.

Isle of Palms Millon Dollar Sales by the Numbers

2009-10-22T11:05:00.000-07:00

Out of curiosity, I wanted to see how many homes have sold on the Isle of Palms over one million dollars so far in 2009. This year to date 21 single family homes have sold from 1 million to 5 million mark. Here is the breakdown:

1) 17 have sold from 1 million to 2 million
2) 3 have sold from 2 million to 3 million
3) 0 have sold from 3 million to 4 million
4) 1 has sold from 4 million to 5 million
5) There have been none to sale over 5 million

The average price per sale was $1,787,319 with an average of $475.53 per square foot. These homes were on the market an average of 271 days before a sale.

The Readers Pick Charleston as #2 Destination

2009-10-20T07:14:00.000-07:00

The choice is in. Conde Nast Magazine picked Charleston as NUMBER TWO on the list of “Best Cities to Visit” – behind San Francisco, the winner for the last 17 years in a row.

To find out the rest of the top choices click here.

No Short in Short Sale

2009-10-15T06:57:00.000-07:00

Today most home buyers are looking for the deals. That goes without question. These potential buyers are especially interested in short sale and foreclosure properties. However, a short sale may not always be the best deal. Here are a couple things to think about:

1) Some agents are accidentally setting the asking price of a home below what a bank would actually accept. This means your offer unless above asking price (not in this market) will already be rejected.

2) Don't be in a hurry to move in. Why? It may take months to hear back from the bank. And when you finally do, you may not like the answer. You might not even recieve a counter offer.

3) Banks will take multiple bids and not let you know what the other bids are for. This creates that holding period.

4) If you deal land the deal, don't expect home repairs. You can still do a home inspecton (highly recommended), just know the bank will not be responsible for any repairs.

Now, I am not saying to completely shy away from all short sales, I am just saying these are not always the best deals. Finding a home listed for sale, not facing a short sale, will most likely allow for more room to negotiate, offer a faster closing time, and assure you necessary repairs will be made.

Explore all your options.

Isle of Palms Vacation Rentals by the Number.

2009-10-02T07:39:00.000-07:00

Just some interesting facts on rentals vs non-rentals:

1) The average home on the Isle of Palms is 3,800 to 4,031 square feet.
2) There were 17 new homes built last year
3) There are 1,787 rentals on the IOP including Wild Dunes.
4) 275 are long-term, 1,512 are short term.
5) 816 or them are located in Wild Dunes
6) Almost 40% are rentals
7) There are 4,600 homes total on the Isle of Palms.

Here is a recent article from the Island Eye News that discusses the next generaton of rentals on the IOP...link.

Isle of Palms / Wild Dunes (SC) September Sales Update

2009-10-01T11:50:00.000-07:00

The Isle of Palms had 3 single family detached homes sell during September. The average sale price was $593,000 and the median price was $520,000. There were 4 sales in September 2008 with an average price of $688,750 and a median price of $655,000.

Wild Dunes had 5 single family detached homes sell during September. The average sale price was $710,650 and the median price was $630,000. One home sold in September 2008 for $925,00

Three condos/villas sold in Wild Dunes in September with the average sell price of $450,000 and a median price of $462,500. One condo/villa sold in September 2008 for $809,900.

Isle of Palms Adopt a Highway

2009-09-13T08:27:00.000-07:00

The alarm went off early on Saturday, but for a good cause, adopt-a-highway on the Isle of Palms.
Before we get started, you can always count on coffee and donuts help to get things rolling. Four times a year my colleagues and I at Dunes Properties clean up Palm Boulevard. While it my not sound all that clean it always feels rewarding and it is a great way to help out the community. So, if you drive down Palm Boulevard today you will notice, no trash!

Pelican Bay Hot in Wild Dunes!

2009-09-08T13:18:00.000-07:00

Showings are up in Wild Dunes and one area that has reaped the benefits is Pelican Bay. Pelican Bay attracts the buyer looking for a single family residence under one million dollars with-in a short walk to the beach.

As of now, there are three listings in Pelican Bay under contract. Recent price reductions have provided incentive and created great deals for the buyer.

There are currently seven active listings in Pelican Bay with asking prices ranging from $719,000 to $1,000,000.

Call or send me an email if you would like a list of active listings in Pelican Bay or other areas of Wild Dunes.

114 Ocean Blvd on the Isle of Palms - Open House

2009-08-23T11:22:00.000-07:00

I will be doing an open house at 114 Ocean Blvd on the Isle of Palms, today from 1pm to 4pm (sorry for the short notice).

This home is worth seeing if you are in the market for an oceanfront house. It is loaded with amenities, from a putting green, volley ball court, to an infinity pool, etc. You could stay at this amazing house for a week and never leave.

So, please swing by if you are in the area and would like to check it out.

Isle of Palms and Wild Dunes Real Estate Market Update

2009-08-11T08:48:00.000-07:00

Isle of Palms

There were six closed brokerage sales in July, 2009 vs. four last July. Year to date there have been 38 closings on the Isle of Palms vs. 20 last year. The price of the average sale is down 19.5%.

Wild Dunes

There were eight closed brokerage sales in July, 2009 vs. five in July, 2008. Year to date there have been 29 closing in Wild Dunes vs. 119 closings last year.

Charleston Ranked a Top 10 Small Town

2009-08-07T06:39:00.001-07:00

Outside Magazine ranked Charleston as one of the top 10 small towns in the country. This ranking adds to one of many awards Charleston has received as one of the best places to visit. For more information and to see the other ranked towns click this link.

Huge Price Reductions at Sawyer's Landing!

2009-07-22T10:41:00.000-07:00

If you are looking for a quality product, great marsh and intracoastal waterway views, an amazing location, and townhomes priced to sell, than look no further. The townhomes at Sawyer's Landing in Mt. Pleasant are just what you are looking for.

The prices have just been reduced significantly! Look below to find the before and after:

Townhome #
A1 $749,000 to $489,000
A2 $744,000 to $479,000
A3 $779,000 to $485,000
A4 $915,000 to $779,000
A5 $799,000 to $575,000
A6 $799,000 to $575,000
A7 Sold
A8 Sold
A9 $869,000 to $699,000
A10 $925,000 to $789,000
A11 $935,000 to $799,000
A12 $799,000 to $535,000
A13 Under Contract
A14 Sold
B15 $649,000
C16 $699,000
C17 $684,000

For more information about Sawyer's Landing in Mt. Pleasant please contact me at 843.607.0954 or send an email to dwhitaker@dunesproperties.com .

Wild Dunes Market Update

2009-07-16T12:02:00.000-07:00

This year to date there are 242 homes/condos for sale in Wild Dunes. Fifteen are currently under contract and twenty two have sold. Asking prices range from $325,000 to $3,995,000. These numbers don't reflect partnership intervals for sale.

In other news, the 18th hole on the links course was recently opened and the beach is holding up well with around 300 feet of beach since the renourishment project was completed. You will also find new restaurants, shops and a fitness center at the Village in Wild Dunes.

For more information please contact me or visit my website at www.dwcoastalliving.com to search listings in Wild Dunes.

Charleston Ranked Fourth Best City by Travel + Leisure Magazine

2009-07-10T10:29:00.000-07:00

Charleston was just named the fourth best city in the country by Travel + Leisure Magazine. It joins the likes of New York, San Francisco and Savannah just to name a few. Here are the top ten ranked cities.

Wild Dunes reopens the 18th hole on the Links Course!

2009-06-15T07:59:00.000-07:00

After a long wait, the 18th hole is open in Wild Dunes. The new hole was first played by Wild Dunes Club members after a champagne toast that happened just before going out to play. This marks the end of the long erosion issue and the beginning for one the most beautiful holes in Wild Dunes. Welcome back!

Condos for sale in Wild Dunes under $400,000

2009-06-10T11:33:00.000-07:00

Less than a year ago if you would have ask me to let you know about condos in Wild Dunes for under $400,000 ,I would have not thought it possible. Today, that is no longer true.

High inventory levels have created a competitive market for the seller and as a result we are back to 2004 prices. In some cases even earlier.

As of today, there are three condos listed for under $400,000. They are:

8B Mariners Walk - Listed for $399,000 - MLS# 2831830
202E Port O Call - Listed for $349,900 - MLS# 2829455
23 Lagoon Villa - Listed for $349,000 - MLS# 2900581

While these are not my listings, they are priced very well and present a great opportunity for someone looking for a second home or vacation home.

Good news for those facing a short sale!

2009-06-04T14:56:00.000-07:00

A new program named the the Making Home Affordable Program is being put in place to help homeowners modify there loans. This plan is from the U.S. Treasury and U.S. Department of Housing and Urban Development.

To read more about this plan click here.

Pedal to Properties

2009-05-28T07:33:00.000-07:00

Yesterday I had the opportunity to participate in a photo shot for a new Dunes Properties venture called Pedal to Properties being started by Kristen Walker.

The concept is to encourage people to ride bikes to look a listings instead of riding around in the car. I found it to be a great way to explore properties for sale and it really helped to see more of the surroundings that you would miss when speeding by in a car.

While it is still a work in progress, the idea is to start by the fall in the areas of the Charleston Peninsula, Sullivan's Island and the Isle of Palms.

Don't forget you also get a great workout!

Sawyer's Landing Update

2009-05-21T08:31:00.000-07:00

Eleven marshfront townhomes remain to be sold at Sawyer's Landing in Mt. Pleasant.

The developer has recently reduced the prices and is now offering to include an elevator for each unit as part of the purchase price. Of the eleven left, three are 4 bedroom and 4 bath, and eight are are three bedroom and three bath.

The views are some of the best you will find in Mt. Pleasant and some of the best you will find with brand new quality construction for under 1 million dollars.

Stop by and see them for yourself!

Click here to watch the video!

Good News About The 2009 Tax Credit!

2009-05-18T11:15:00.001-07:00

The Federal Housing Administration is now allowing first time home buyers to use their $8,000 tax credit toward closing cost. To find out more about this change follow this link.

The Point at Sullivan's Island

2009-05-08T12:13:00.000-07:00

Land that has sat undeveloped on Sullivan's Island for years is now for sale. Not only that, but the land which has been developed into five half-acre lots, will have some of the best views on the entire island.

The lots will be sold for between $2.2 and $4.4 million dollars. Each lot will have a dock. The homes to be built will have to adhere to a county ordinance and will all be custom built.

Contact me to find out more.

Take Advantage of the 2009 First Time Buyer Tax Incentive

2009-05-07T11:33:00.000-07:00

Until the end of this year, first time home buyers or those who have not owned in the last three years can take advantage of the first time buyers tax credit. Here is a link provided by the National Association of Realtors giving a simple explanation of how it works.

WSJ: Who is investing in real estate?

2009-03-30T11:58:00.000-07:00

The share of homes purchased as vacation residences or investment properties dropped to 30% of all sales in 2008 from 33% in 2007, according to the National Association of Realtors. However, amid continued gloom in the housing market, it raises the question of who still is investing in real estate. Click on the link below to read the rest of the article published by the Wall Street Journal.

Link

Featured Villas: Beach Club in Wild Dunes

2009-03-20T10:20:00.000-07:00

Located just a short walk from all the heart of Wild Dunes, Beach Club offers views of the Atlantic Ocean from each of it's 72 units.

Each Villa consist of three bedrooms and three baths and is approximately 1650 square feet give or take. Downstairs you will find one bedroom as well as the kitchen and living area. Upstairs you will find the other two bedrooms and baths. Each unit has its own private garage.

Amenities at Beach Club in Wild Dunes include two private pools just for owners, lush green space surrounding the area, and two pools. You also have your own private walkway out to the beach.

Please contact me to find out more or to get a list of villas for sale.

Sincerely,

Donnie

Featured Condos: Ocean Club in Wild Dunes

2009-03-11T10:19:00.000-07:00

Located at the northern end of Wild Dunes, Ocean Club is a luxurious 102-unit complex offering spectacular views of the Atlantic Ocean, the intracoastal waterway and the 18th hole of the Links Course.

Built in the late 80's, Ocean Club is still thought of as the premier condominium complex in Wild Dunes. Each building consist of three and four bedroom units ranging from 1,900 to 2,800 square feet. Penthouse units are located on the top floor.

Owners and guest staying at Ocean Club have the luxury of a community pool and easy access to the beach with your own private boardwalk. There is parking below each building, and you are a three minute walk to the Links Club house located in Wild Dunes.

For more information about Ocean Club, or a list of units currently for sale, please contact me at 843.607.0954 or send me an email at dwhitaker@dunesproperties.com.

Thanks,

Donnie

Things to know before going after a short sale.

2009-03-05T07:51:00.000-08:00

Yesterday I explained by definition what a short sale is. Short sales can be complicated so it's always a good idea to know what you are getting into before you start. Here are a few helpful hints.

1. Offer cash if you can.

2. Be flexible - it's important to understand it could take the banks anywhere from two to four months to approve your offer. If you are in a hurry to close this might not work.

3. Make an offer with no contingencies. The banks will most likely be selling the home in as is condition.

4. Make a strong offer. Lenders want to minimize their loses as much as possible.

5. Do an initial title search. If there are any liens found it will be much hard to go to the closing table.

6. Find an experienced real estate attorney, one who has done these before.

What is a Short Sale?

2009-03-04T11:19:00.000-08:00

Here on the Isle of Palms short sales seem to be a popular subject. Many people however are confused by what they actually are. Here is a explanation from Wikepedia.

In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.[1] In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Many Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In 99% of all cases it is not a settlement-in-full. A deficiency balance will remain as a potential liability for the Mortgagor / Borrower. The bank's opportunity of pursuit of a deficiency judgment will vary from state to state.

For more follow this link.

High End Price Reductions on the Isle of Palms

2009-02-18T11:18:00.000-08:00

Inventory rates on the Isle of Palms for the beginning of 2009 remain high and asking prices continue to drop on many of the homes for sell. Here is a list of a few of the high end properties that have seen significant price reductions since they were originally listed.

716 Carolina Blvd was $2,999,000 and is now listed for $2,499,000.

506 Carolina Blvd was $3,075,000 and is now listed for $2,450,000.

12 41st Ave was $2,370,000 and is now listed for $1,999,000.

14 41st Ave was $2,825,000 and is now listed for $1,800,000.

130 Charleston Blvd was $2,995,000 and is now listed for $2,750,000.

111 Charleston Blvd was $3,250,000 and is now listed for $2,650,000.

9 23rd was $2,395,703 and is now listed for $1,700,000.

2204 Palm Blvd was $4,250,000 and is now listed for $3,975,000.

900 Ocean Blvd was $3,300,000 and is now listed for $2,550,000.

Please note these properties are listed by various participants of the Charleston Trident Multiple Listing Service and numbers are subject to change.

Charleston named in Forbes top 25 real estate markets for 2008

2009-01-30T10:35:00.000-08:00

Forbes just released it's top 25 real estate markets in 2008 and Charleston is one of them.

This list is made up of those markets that are considered to be closest to recovery and those markets that they think are closest to being at their bottom. These markets are also the ones they think will begin to see price increases first.

More information can be found at www.forbes.com.

Wild Dunes and Isle of Palms Real Estate Sales Report

2009-01-22T07:21:00.000-08:00

On the Isle of Palms there were four brokerage sales in December, 2008 vs. three last December. Closed brokerage production was $6.7 million vs. 8.7 million last December. Year to date there have been 37 closings for $78.3 million vs. 90 closings for $248.8 million through December, 2007.

In Wild Dunes there were three closed brokerage sales in December, 2008 vs. the same number as in December, 2007. Year to date there have been 145 closings for $258.7 million vs. 73 closings for $142.1 million a year ago. (Sales at the Village have more than compensated for the slow down in resale properties).

Reasons to be optimistic about the housing market

2008-12-18T07:29:00.000-08:00

About this time every year for the last three years I have heard the same thing, the housing market will bounce back in the spring. While I don't think we will wake up the first day of spring to a fresh cup of coffee and a once again booming market, I do think we will slowly start to see a rebound. Here are a few reasons why:

1- In case you haven't heard, 30-year fixed mortagages are the lowest they have been since the spring of 2003.

2- Although sales of existing homes are down from 2005, the annualized sales rate has steadied in the fourth quarter.

3- Inventory has decreased meaning the average time for a home to sit on the market has as well.

4- Housing affordability rates are at a high which will start to attract more buyers.

Take all this into consideration and I think we have good reason to be optomistic going forward!

Sawyer's Landing Model Now Open!

2008-12-17T10:01:00.001-08:00

The Sawyer's Landing sales team has moved out of the trailor and into the beautiful model. The model is one of 6 remaining marsh view units left with prices ranging from $814,000 to $884,000. The sales office is located at 1557 Ben Sawyer Blvd and there will be a agent on duty to talk about and show you these luxurious new townhomes. The townhomes include:

-10 foot ceilings in all great room levels
-9 foot ceilings on all master bedroom levels
-Hardwood floors (Brazilian cherry or equivalent) in all great rooms (kitchen, dining and living room areas)
-High-grade carpet for all bedrooms
-Granite counter tops in kitchen and bathrooms
-Top of the line cabinetry
-Full array of stainless steel appliances
-Oil rubbed bronze master bath faucets
-Furniture vanities in all powder rooms
-Under mount sinks throughout
-Crown molding throughout
-Seperate shower in all master bathrooms
-Ceiling fans in all bedrooms and master bathrooms
-Larger porches throughout
-Elevator options for most units
-Pre-wired for distributed audio and structural wiring
-Gas fireplaces
-Outdoor showers
-Whirlpool tubs in master bathrooms

Buy Low - Sell High

2008-11-20T07:50:00.001-08:00

Everyone has heard this saying before. It sounds logical, it makes sense, but for some reason it can be so hard to pull the trigger. For the savvy real estate investor, it's a game, and at the end of the day it's about turning a profit and not losing one.

The days of flipping are behind us. Four years ago one could go out, easily get a loan, buy a house, do a little work to it, and sell several months later for a profit. Times have changed. This doesn't mean that real estate is a bad investment, it just means that you have to think long term.

Anyone who pays any attention to todays real estate market knows prices have been reduced in many areas since the days of the real estate boom. Sellers are willing to negotiate and ready to make you a deal. With this being said....buy low, sell high.

So, to my point. The low factor is there, it's a buyers market, interest rates are low. Now is the time to buy. For the investor the trick is to think long term. The real estate market is cyclical, it will come back.

My suggestion is to buy a property within your means. Ask yourself, can I afford the monthly mortgage payment without feeling stressed. Can I afford the mortgage payment if I am unable to find a renter for several months. Once you identify this property, find a reasonable loan term (make sure you are familiar with the loan you get). Now, you have purchased your property, find a renter. Some people will want to find a long term renter and some will want to due weekly rentals and leave a few weeks a year for personal use. Either way, make sure you can afford the payments regardless. If you want be able to, don't do it. Once you do this now just hold on to it. Long term is the key here, and those who are patient will profit.

What are you waiting for?

Ever consider owning a partnership as a vacation home?

2008-11-07T06:29:00.000-08:00

Many of us would like to have a vacation home at the beach. For some though the cost of owning may still be out of reach and the time you would be able to use it may not be that much. If you fall into this category, you may want to consider owning a partnership.

Partnerships are different than timeshares in that you own a portion of the condo/home. It's yours to buy and your's to sell, so in a way it can be looked at as an entry level investment. The most common partnerships we see here on the Isle of Palms and in Wild Dunes typically are for 4 weeks out of the year. However you can also find them for 8 weeks or more.

The majority of the partnerships are found in condos and typically sell anywhere from $80,000 to $350,000 depending on it's location and number of weeks you would own. Other cost you may occur include HOA and regime fees that are divided between all the owners of that particular parntership.

The advantage here is now you have your foot in the door, you have a place to use for vacation you are familiar with, and you are not spending the money of full ownership for a place you only use a few weeks a year.

18th Hole in Wild Dunes should be finished by spring 2009

2008-10-22T10:17:00.000-07:00

Because of a successful beach renourishment program, the 18th hole of the Links Course in Wild Dunes should be complete and ready to be played on by spring 2009.
The hole will be similar to what it was before it was whipped out by erosion with only a few differences. The cost to replace the hole was around $350,000. The last time the hole had to be rebuilt was after Hugo in 1989. They also have plans to do other repairs to the Links Course in Wild Dunes down the road including redoing and tee and irrigation systems. This all is great news and especially great to know the signature hole in Wild Dunes will soon be back to the norm.

Charleston Named No.2 Best City to Visit by 'Conde Nast Traveler'

2008-10-21T10:34:00.000-07:00

Great news! Charleston just moved up from it's previous spot at No.3 to No.2 in the list of best cities to visit in America. Charleston moved one spot ahead of New York City. The results are based on the peoples choice and readers of the magazine 'Conde Nast Traveler' which is a leading magazine in the travel industry. Charleston is best none for it's southern charm and history, restaurants, shopping and it's near by beaches.

10 Great Real Estate Deals in Wild Dunes

2008-10-06T08:40:00.000-07:00

There are plenty of great real estate deals these days, but I thought I would let you know about just a few in Wild Dunes. All of the the selected listings are in MLS and listed by various MLS participants in the Charleston area.

1. 34 Lagoon Villa - $512,500
2. 506 Moorings - $545,900
3. 52 Fairway Dunes Villa - $599,000
4. 7 Racquet Club Villa - $685,000
5. 2C Seagrove Villa - $799,000
6. 221B Village in Wild Dunes - $827,000
7. 4F Mariners Walk - $875,000
8. 405 Shipwatch Villa - $1,099,500
9. 114 Grand Pavilion - $1,175,000
10. 513 Seascape - $1,195,000

To view more listings in Wild Dunes or anywhere in the Charleston area please visit my website at www.dwcoastalliving.com.

Charleston and the Islands...a buyers market.

2008-09-24T11:24:00.000-07:00

It's true, home sales in the Charleston area are down. Is this bad? Well, if you really need to sell, than maybe so. You will probably be forced to set your asking price below what you hoped to get to be competitive, and if you recently bought you may even take a loss. If you can afford to hold on to your property, my recommendation would be to stay put for now. Believe it or not things will get better, it's a cycle and what goes down will come up.

On the other hand, if you are in a position to buy than there may not be a better time....don't be that guy who always says, "If only I would have bought then". You know that guy. Inventory levels are high, prices on many homes have been significantly reduced, and interest rates remain relatively low. Will prices continue to drop? Sure they will, prices will drop in a sellers market too. However, again, what goes down will come back up and trust me, Charleston is a coastal market and coastal markets survive better than most. I certainly am not saying buy to flip (I believe the flip days are behind us), or buy short term. Long term is where it is at now, and if you can do so, this just may be the time? I don't want to be the one who told you so.

Wild Dunes a great destination for tennis enthusiast.

2008-09-24T10:35:00.001-07:00

When most people think of travel destinations for recreation, they think of golf or skiing. But as a past tennis pro at Wild Dunes Resort, I can tell you there are many tennis enthusiast who like to take a tennis vacation every year. While there are many great resorts to choose from, I would recommend giving Wild Dunes a try.

The tennis center at Wild Dunes is consistently ranked in the top ten by Tennis Magazine and has been ranked as high as #2 in the world by Tennis Resorts Online (www.tennisresortsonline.com). The beautiful facility has 17 har-tru (clay) courts, one hard surface court, and a ball wall. There are plenty of pros on staff to teach all levels or to just hit with.

Aside from tennis, Wild Dunes also has other great amenities like two world class golf courses, bike rentals, restaurants, shops and of course the beach is right around the corner. Another plus is that the city of Charleston is right around the corner where you can shop and dine at some of the best restaurants in the country.

I hope you have the chance to visit soon!

Great read for those considering purchasing beach property of the Isle of Palms or Sullivan's Island

2008-09-03T10:50:00.000-07:00

If you are like a lot of people, when it comes time to purchase your vacation home there can be many factors in deciding where to buy. If you have been thinking of purchasing on the Isle of Palms, in Wild Dunes, or on Sullivan's Island, than you should read this article from the New York Times that discusses some pros and cons in the area, price trends, and whose buying.

Charleston Named 4th Best City in America

2008-07-30T13:15:00.000-07:00

Charleston was recently ranked the fourth best city in America by Travel & Leisure Magazine. Three South Carolina Hotels ranked in the top 100 in the U.S. They where Charleston Place, Planters Inn and the Sanctuary at Kiawah Island Golf Resort. This ranking moved Charleston up two spots from No.6 last year.

New Luxury Townhomes Sawyer's Landing in Mt. Pleasant Coming Together

2008-06-27T08:14:00.000-07:00

Sawyer's Landing located in Mt. Pleasant is on schedule to be completed this fall. Nine of the 17 total townhomes are under contract, leaving 8 of the 3 bedroom 3 bath units for sell. Six of the units left for sell face the intercoastal waterway and look to Sullivan's Island.

For more information please contact me or stop by our sale center to meet with a sales representative from 12-4, Monday-Sunday. Hope to see you there.

Just some interesting Charleston stats!

2008-06-18T08:00:00.000-07:00

Here are some interesting stats on the Charleston area from Womens Wear Daily Magazine.

The City of Charleston has a population of 104,000. The Charleston Metro area population is 549,000. Retail sales downtown are around $12.8 billion per year. The annual tourist industry impact on South Carolina is $4.48 billion. The annual visitors to South Carolinas lowcountry is over 4 million. The average visitor spends $225 per day.

James Brown; Chubby Checker; Eartha Kitt, and the Rev. Jesse Jackson are all from the area.

In the greater Charleston area the service industry comprises 30.6 percent of employment, with 24 percent working in trade, the second-largest catergory.

The historic district includes 4,800 historic structures.

The port of Charleston is the fourth largest container port in the U.S.

Now you do!

Isle of Palms Business Council critiques beach manangement.

2008-06-12T07:32:00.000-07:00

Bill Eiser, an oceanographer with Ocean and Coastal Resource Managment (OCRM), recently gave Isle of Palms Business Council members a run-down of how erosion affects the Wild Dunes area. To find out more please follow this link to an article from the Moultrie News.