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Buying a House? Low current interest rates and good buys have some buyers say now is a good time to purchase a home.
If you have to sell and need to move and buy another home you may find that you may sell your home for less than prior to 2008 but you are also buying low and when the market improves you have a low interest rate for 30 years and you are in the right place for values to increase.
If you wait in hopes that the prices go up you are also paying more once that happens and potentially the interest rates increase.
There are many good properties offered for sale and in general for a lower price than in past years.
ELGIN --- LUGOFF --- CAMDEN Statistics for the last 30 days
For ELGIN we have as of Janury 14, 2012 these AVERAGE listing and sales statistics to report for the last 30 days. The market is down from last month. Only 14 properties closed.
Active 170 $249,338 2,432 $102.51
Active Inspection 1 $309,500 2,740 $112.96
Pending 28 $220,542 2,472 $89.22
Closed 12 $167,156 2,135 $78.28
Information Herein Deemed Reliable, but Not Guaranteed. © 2012 by CMLS 1/14/2012 1:34:47 PM
The highest sold properties during this time frame is:
157 SORREL TREE LANE 24 SN 5 3/0 2,904 12/15/11 $236,336 $81.38
For the town of LUGOFF we have these average statistics to report and the market is down compared to prior months as of January 16, 2012:
Active 94 $159,659 1,793 $89.05
Active Contingent 6 $170,350 2,140 $79.62
Pending 7 $166,907 1,942 $85.94
Closed 11 $143,036 1,855 $77.09
Information Herein Deemed Reliable, but Not Guaranteed. © 2012 by CMLS 1/16/2012 1:03:59 PM
Slightly up from last month.
The highest SOLD property was 105 VALLEY VIEW DRIVE SN 4 3/1 3,500 12/19/11 $285,000 $81.43
For CAMDEN we have these average statistics to report for the last 30 days as of Janury 16, 2012:
Active 199 $245,204 2,200 $111.47
Active Contingent 1 $209,000 2,150 $97.21
Pending 24 $136,611 1,910 $71.53
Closed 4 $141,074 2,084 $67.71
Information Herein Deemed Reliable, but Not Guaranteed. © 2012 by CMLS 1/16/2012 1:09:35 PM
The highest sold property was:
411 CHESNUT STREET SN 2 2/0 2,128 01/04/12 $210,000 $98.68
Not every real estate market is the same. 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 rates still low. It is said that they are slowly going up and they have the last couple of weeks. We have lender contacts and all contacts you will need for a smooth closing.
The State Paper reported 9/30/09 that US News puts Columbia in the 10 most affordable places to retire to. 11/30/09: Forbes says SC metro areas among fastest recovering MSAs, Columbia is ranked #35. Click this link to see the article www.Columbiabusinessreport.com/news/31890/print
Please feel free to contact us for assistance if you have questions and if you are thinking of buying, selling or need our services for both.
Thank you for taking the time to read our newsletter. Feel free to share it with a neighbor or friend. We look forward to hear from you and to assist you now or in the future.
Thank you,
Rosemarie & Kirstin
ZIP Codes: 29045, 29078, 29020
Approximate Location Boundaries: Blythewood, NE Columbia, Pontiac, Lugoff, I-20. Kershaw County
Location Characteristics:
ELGIN is located in the NE area of Columbia near Lugoff and Camden. It is on the northeast side of Columbia in Kershaw County and it is growing. Easy to get to from I-20 and US 1.
It is a rural community and very popular because of the lower taxes here and the still rural feeling. Little traffic and you are in the country with around 10 min. to either the Village at Sandhills or Lugoff for all your shopping needs. Many lots are larger here. It feels less crowded. Do consider that may change over time as the area grows rapidly and there may be a need for new schools soon. There has been talk to raise sales tax in this area by 1% to accommodate the growth and need for municipalities.
Some new neighborhoods have large lots, horse estate size lots, People that like to have a little space and don't want to feel too crowded can find a pretty nice home around the $170's range (more and less depends how large you want and need it) as well. Most homes have larger yards (1/2 acre more or less). Several new home communities to choose from. Some are starter homes while others are large custom built homes. You will also find some antebellum structures in the CAMDEN - LUGOFF - ELGIN area.
Enjoy to explore history? There is plenty around this area. You will enjoy the home town atmosphere here. Elgin now features a new "Olde South" restaurant near the Food Lion.
Elgin-Lugoff is known for the Invista plant, formerly DuPont Plant. Elgin's population is only approximately 1,000 people and counting the surrounding areas maybe around 25,000. Fishing and Watersports at Lake Wateree are waiting for you here as well.
LUGOFF is located on Hwy 1. It is near Camden SC. The town of Lugoff was named for a Russian engineer named count Lugoff. He helped build the Seaboard Air Line Railway in 1899 with the help of many Russian workers. It is Brook Benton's birthplace. He is best known for his song "Rainy Night In Georgia.
Continue on Hwy 1 you will get into Camden, approximately 1 mile away. Elgin has may 1,000 people, and the surrounding areas make it around 25,000.
Close to this community is CAMDEN. It is best reached off I-20 and not too far from NE Columbia and Lugoff. Camden, a historic town, was established 1732 when farmers and traders moved here from the coast. The Revolutionary War was fought here. Camden is known for its horse farms and the Springdale Race Track. Over 70,000. people come and visit it annually. It is a spectacular event every spring where ladies and gentlemen dress up. You'll see fancy spring hats at the tail gating of The Carolina Cup International Steeplechase races. Camden is approx. 45 minutes to Columbia's downtown. Maybe 10-15 minutes to the NE shopping at the Village at Sandhills and Two Notch Road.
South Carolina is frequently recognized by publications and organizations as one of the most business-friendly states. See What People Are Saying About The Palmetto State:
Area Development: Named South Carolina a 2011 Gold Shovel Award winner in recognition of economic development projects undertaken in 2010. The award is based on the number of high-value added jobs per capita, amount of investment, number of new facilities and industry diversity. South Carolina was also a Silver Shovel Award recipient in 2009 and 2010.
Area Development: Named South Carolina 4th in the nation as a place to do business based on 12 key site selection criteria in three general categories - business environment, infrastructure and labor climate. The magazine surveyed a select group of national site consultants to identify the 10 most attractive states for business. South Carolina was the consultants' 2nd choice for overall business climate, coming in 2nd on all factors comprising the category - corporate tax environment, incentive programs, overall cost of doing business and business friendliness. In the infrastructure category, South Carolina placed 2nd for certified sites and a shovel-ready site system and 4th for competitive utility rates. Under labor climate, South Carolina came in 3rd for labor costs and 5th for workplace development programs.
Business Facilities: The South Carolina Department of Commerce received 2010 honorable mention honors from Business Facilities magazine for First Quality Tissue's decision to locate a new $1-billion plant and create 1,000 new jobs in Anderson County. In 2009, South Carolina received the magazine's Deal of the Year Gold Award for the selection of North Charleston for the site of The Boeing Company's second final assembly plant for the 787 Dreamliner commercial airplane.
Business Facilities: South Carolina did exceptionally well on the latest 2011 State Rankings Report from Business Facilities magazine, placing in five categories. South Carolina ranked 3rd for Economic Growth Potential, 2nd in Automotive Manufacturing Strength, 5th for Best Business Climate, 8th for Workforce Training Leader and 8th for Lowest Cost of Labor.
Chief Executive: South Carolina came in as one of the ten best states for business on the magazine's annual poll of CEOs, ranking 8th. About 550 CEOs rated states on taxation and regulation, workforce quality and quality of life.
Forbes: Ranks South Carolina 5th best in 2011 for its pro-business regulatory environment. Forbes considered the state's regulatory and tort climate, incentives, transportation and bond ratings.
IBM: South Carolina made a strong showing on IBM's 2009 Global Location Trends Annual Report, coming in 4th among North American states and provinces based on number of jobs from 2008 investment activity.
Pollina Corporate Real Estate: Ranks South Carolina as the 9th most Pro-Business State for 2011. South Carolina has ranked in the top ten for eight consecutive years. The state was No. 1 in both 2005 and 2006.
Site Selection: South Carolina consistently ranks high on the magazine's "Top State Business Climates" and in 2011 took the 5th spot overall and placed 7th in the magazine's survey of corporate real estate executives. South Carolina also held 5th place overall in 2010, and corporate executives have ranked South Carolina in the top 10 for the past eight years. The magazine's New Plant Database showed that South Carolina had the most new projects per capita during 2010.
Site Selection: Recognized South Carolina as a Top Competitive State of 2010, placing South Carolina in the 5th spot. The magazine determined competitiveness on the basis of new and expanded facilities and new jobs in 2010 plus other factors, including state gross domestic product per capita and unemployment rate.
Site Selection: The magazine chose the First Quality Tissue project as one of its Top Deals of 2010. The winners were chosen based on capital investment and job creation, creative negotiations and incentives, regional economic impact, competition for the project and speed to market. Proterra's electric bus operation in Greenville received honorable mention.
Southern Business & Development: Six South Carolina projects earned Excellence in Manufacturing Recruitment Awards from Southern Business & Development magazine. The magazine recognized these high-profile projects: The Boeing Co., N. Charleston, 787 Dreamliner Jet; First Quality Tissue, Anderson, paper products; IMO Group USA, Summerville, wind energy components; MTU Detroit Diesel Inc., Graniteville, heavy-duty diesel engines; Proterra Inc., Greenville, battery-electric buses; and ZF Group, Laurens County, fuel-efficient transmissions. South Carolina received the most awards of any state in the magazine's reporting region.
Trade & Industry Development: The leading national magazine dedicated to site selection, announced that two projects recruited by the South Carolina Department of Commerce in conjunction with local economic development allies were among the magazine's 2011 Corporate Investment & Community Impact (CiCi) Award winners. ZF Group is among 15 projects that received a Corporate Investment Award, and IMO USA Corporation was among 15 honored with a Community Impact Award. This is the sixth consecutive year that South Carolina has been recognized with a CiCi award.
Agency Leadership
Division Directors
International Offices
SC Coordinating Council for Economic Development
National Recognitions
Recycling Market Development
News that may interest you:
Per Daily Report dated Jan 3, 2012 Columbia ranks 3rd as top destination to relocate
http://www.columbiabusinessreport.com/news/42177-s-c-ranks-no-3-among-top-magnet-states
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"
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".
NOTE: Not every real estate Market is the same. Every market is DIFFERENT!
If you are interested in buying and or selling please call us and we gladly show you what our market is like. We look forward to hear from you and to assist you now or in the future.
We have helped many buyers and sellers in this area and look forward to assist you when you are ready to buy and sell.
Please visit us at www.ColumbiaSCHomes.com
Thank you,
Rosemarie & Kirstin
For More Information:
View Market Conditions of other areas served by Rosemarie Averhoff, CRS &Kirstin Averhoff-Gilbert, CRS
Navigate: Top > South Carolina > Elgin
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. We have sold around $100 million in Real Estate since 1993. My daughter and partner Kirstin since 1996. We are both Certified Residential Specialists CRS, Certified New Home Specialists CSP, e-PRO Certified and ABR's Accredited Buyer Representatives
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.
