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As of 7/04/2009 the AVERAGE List and Sales Prices for property on Lake Murray with at least 100' on the lake are as follows, up from last month.
Active 229 $684,789 3,133.00 $218.56
Active Inspection 1 $300,000 1,000.00 $300.00
Pending 18 $453,350 2,813.00 $161.14
Closed 3 $569,916 2,367.00 $240.74
Information Herein Deemed Reliable, but Not Guaranteed. © 2009 by CMLS 7/4/2009 2:32:26 PM
The highest SOLD property was: 155 POWER POINT LANE SN 4 4/1 3,745 06/15/09 $1,050,000
The higest pending properties are:
318 CATAWBA TRAIL SN 4 3/1 4,514 04/10/09 $850,000 $188.30
The lowest property offered for sale is a 395 OLD FERRY ROAD MO 3 1/0 912 $259,000
Looking for that Lake Murray property? WIth the low interest rates it may be a very good time to purchase one now. Prices vary by feet on the water and the view, to deep year-round water and of course the size of home and lot.
The view and good year round water dictate the price. You are required to have at least 100 ft on the lake to get a dock permit and that is not a guarantee that you will get a permit for one. There are properties on the lake that are not allowed to have a dock because SCE & G owns the fringe land in front of it. Many communities have a community lake access ramp or dock. New deveopments have a community dock and boat slips. That is going to be evaluated by SCE & G as well to proctect the lake and it's wildlife. Please contact us for further information if you are interested in Lake property or any other property
Not every real estate market is the same. Please check with is if you are thinking to sell and buy.br>
We have a buyers market, still. There are a lot more properties for sale than buyers looking to buy. Interest rates are still low and it is a good time to buy in the Columbia and Lake Murray area.
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 on this matter.
ZIP Codes: 29036, 29072, 29212, 29063
Approximate Location Boundaries: Towns around beautiful Lake Murray are: Irmo, Chapin, Ballentine, Newberry, Lexington, Gilbert, Batesburg, Leesville. I-20 and I-26 are closeby
Location Characteristics: Lake Murray has 620 miles of beautiful shorelines (per Lake Murray News 7/2/09). It covers approximately 50,000 acres of land (or 78 sq. mi) and offers a variety of recreation and fine living. Construction started 1927, competed 1930 named for William S. Murray, engineer.
The dam is 215 Ft high, the Lake's width is 14 miles and lenght is 41 miles max. Full Lake level is 360 Ft.
The intake tower height is 223 ft
Hwy 6 going across the dam was widened from a 2 lane to a 5 lane street (Lexington to Irmo)
A BIKE LANE and WALKING PATH were added going across the dam. Free parking on the Lexington side for walkers. Many walkers take advantage of it daily, so are bicycle riders catching a breeze and enjoying the view.
The completed dam holds more than 6 million cubic yards of concrete. It rises 207 feet above the river bed. The length of the dam is 2300 ft.
Lexington side has a public beach/recreation. Open 7 days a week from April 1 to Sept. 30 11am to 8 pm Mon-Fri, 10am to 8pm Sat - Sun. Irmo-side Boat ramp open 24 hrs (picnic grounds)
Estimated Cost: $275 Million the Roller-compacted conrecte mid-section of the dam weighs 5.1 billion pounds complete. It took 1.7 million hours to build.
Water levels change rapidly due to energy needs and the hydro-electric generator plant controls levels of the Saluda River and Lake Murray. scana.com may have mopre details for you
Fishing is popular for Striper, Largemouth Bass, Bream and Crappie.
Purple Martins elected Historic Bomb Island every year for their summer home. You can take a Purple Martin Cruise in July and August around $27 Adults and $10 Children 2 1/2 hours (pls verify that has not been changed). Experts have estimated in the past that more the 2 million birds roost at Lake Murray each night during the summer months. It is a breathtaking view that many people watch at night.
Lake Property has gone up in price over the years. Many gorgeous properties are available. Call us and we help you find the right home and also help you list and sell it. Prices range easy from $400's to several million. The lower priced homes will not have year-round water and possibly only lake access. You need a minimum of 100 Ft on the lake for a dock permit, SCE & G checks out your plans for a dock to give it an approval, it also decides the location and if the 100" are enough for a dock. Call us, we can help you find the right property for you. Sept. 08 News Upate in the State Paper: the dock requirements may be changed from the current minimum of 100 Ft to 200 Feet on the water to protect the shore line.Some dock owners may have to share their dock in the future. We'll keep you updated on this decision.
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)
For More Information:
View Market Conditions of other areas served by Rosemarie Averhoff, CRS &Kirstin Averhoff-Gilbert, CRS
Navigate: Top > South Carolina > Lake Murray
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.
