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December 3, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Chapin, South Carolina

Reported by Rosemarie Averhoff, CRS &Kirstin Averhoff-Gilbert, CRS, CRS - CSP - ePRO - ABR - ASR - GRI - Broker Associate

Updated November 8, 2009.

Current Market Rating: 2




1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

We have these AVERAGES in listing and sales statistics to report as of 11/8/2009 for the last 30 days for the town of Chapin and the 29036 Zip Code. The highest sold property was on 751 CARO COURT SN 4 3/0 3,091 10/28/09 $675,000

Active 276 $404,850 2,668.00
Active Inspection 3 $287,933 2,629.00 $109.51
Pending 28 $240,649 2,154.00 $111.67
Closed 29 $244,345 2,179.00 $112.12

Information Herein Deemed Reliable, but Not Guaranteed. © 2009 by CMLS 11/8/2009 11:36:00 AM



The average sold per sf price is slightly down from last month.



Every real estate market is different! All real estate markets are unique and influenced by local demand, local land-use and building rules, and a host of other factors one cannot see from the generalized scope of national news coverage.


Chapin is approx. 20-30 minutes to Irmo (if you are coming from the Timberlake area) and 45-60 minutes to Columbia, depending on traffic and the time of day. Chapin is located along the north shore of beautiful Lake Murray! There are several beautiful neighborhoods. Some are new, some established. Timberlake, a Golf Community on the Lake in one of them. We have communities with Lake access if you don't want to be on the lake or if those are too high priced for you.
Call us if you are looking to buy around the lake and in Chapin.

Fishing and water sports are popular year round. Check out our websites and please contact us for all you questions and real estate needs, buying and selling. We look forward to assist you.

Not every real estate market is the same. Sales of existing homes rose 3.1% in July (in Columbia). The number of unsold properties however hot an all-time high, per The State Paper 8/26/08. Year to-date home sales were down 16% in Columbia. The Columbia area ended 2007 with a 2.5% decline in home sales and the state saw a 10.5 % drop.

The national housing market actually saw a pick up by 3.1% in sales of existing homes according to the National Association of Realtors.
There are a lot more houses for sale than buyers. There are about 7,500. homes for sale in the Columbia area which is a couple of thousand more than 2006, not terrible but about 20-30% to much (The State Paper 8/26/08)



All real estate markets are unique and influenced by local demand, local land-use and building rules, and a host of other factors one cannot see from the generalized scope of national news coverage.

Please contact us for more details for buying or selling real estate.
It is a great time to purchase a home with the interest still low. It is not too late to collect $8.000 after closing from your taxes if you can close by 6/30/10. That is for 1st buyers and people that have owned a home and rented for the last 3 years. A Contract has to be accepted by 4/30/2010. MOVE-UP Buyers can receive up to $6,5000 with the same time frame. We have lender contacts that work also with a credit scores 620 and up or slightly below.

NOTE: The State Paper reported 9/30/09 that US News puts Columbia in the 10 most affordable places to retire to.

Please contact us for assistance whether you are buying, selling or need our services for both.
We look forward to hear from you and to assist you now or in the future.
Thank you,

Rosemarie & Kirstin

ZIP Code: 29036

Approximate Location Boundaries: Lake Murray, Newberry, Little Mountain, Broad River

Location Characteristics: Chapin is a small town (west of Columbia of I-26 Exit 91) approximately 50 minutes to an hour to downtown Columbia and about 30 minutes to Harbison. Chapin is growing. Quiet neighborhoods on Lake Murray or with lake access and off the lake properties. Many homes enjoy a countrylike setting. Beautiful Lake Murray views, being on the lake and wooded lots attract buyers. The properties on the lake have gone up over the years and continue to do so. You will find horses and fields with cows along the way.

As you hear on the news about the real estate market in the US, ours here is and has been a very stable market, steady growth over the years and still is a good place to invest in buying property. A little slower this year because buyers have trouble in some areas selling their property in other states so they can't move forward to move here.

EVENTS:
March 15 Chapin had the 7th annual Oyster Roast on Beauford Street. Chapin Irmo Chamber of Commerce for upcoming events:

Laura@chainchamber.com


Charity BASS tourney planned for April 13 to benefit Kyle Page Foundation. The annual Open Ream Bass Tournament on lake Murray raises money for children with debilitating illnesses such as spina bifida. It is named for Kyle Page in Little Mountain, who was born with spina bifida. For more information call 803-345-1462 or 945-1073.


Chapin has a town center and a few stores to fill your immediate needs. More are being opened as time goes on, business is growing. It takes approximately 20-25 minutes to Harbison and Columbiana Center where you can find just about anything, from movie theaters, restaurants, Sams, Super Wal-mart, Target and much more. Everything is conveniently located in one place. There is a new Wal-Mart on 176 by the Lex/Rich# 5 office near Ballentine.


US News reported recently (per The State Paper 9/30/09) that Columbia is in the 10 best affordable places to retire to. They said that "Retirees want a more diverse set of opportunities and they can find that in a university town".
US News said it "thought out places with low cost of living and reasonable housing prices that still offered access to the services and amenities that people should look for in an ideal retirement spot"

NOTE: Please remember that every real estate market is different. Give us a call if you are interested in buying and or selling. We'll prepare an updated market analysis to let you see what our market is doing, buying and selling.


We look forward to hear from you and gladly answer your questions and assist you with all your real estate needs.

For More Information:

View Market Conditions of other areas served by Rosemarie Averhoff, CRS &Kirstin Averhoff-Gilbert, CRS

Navigate: Top > South Carolina > Chapin

About Rosemarie Averhoff, CRS &Kirstin Averhoff-Gilbert, CRS:
Whether you move down the block, across the country, the city, or to anther continent...
Please give us a call. We can assist with all your real estate needs now or in the future.
Our business is built on referrals and repeat business. I have sold a millions of dollars in Real Estate since 1993, Kirstin since 1996. We are both Certified Residential Specialists CRS and Certified New Home Specialists CSP

We are relocation specialists and like to represent you with a NEW home or existing home purchase. We have access to any listing.

We look forward to assist you now or in the future.




These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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