Real estate is, like many other businesses, a cyclical thing. Those cycles are influenced by many factors: The economy, available inventory, interest rates, consumer confidence and many other, sometimes obscure factors. Owing to the media's unrelenting and frequently misinformed onslaught, consumer confidence is at an all time low. Unfortunately when the local papers and television blare forth about plummeting prices people tend to believe it to be true.
LET'S TAKE A LOOK!
Available inventory continues to drop, partially from attrition & partially by the withdrawal of some of the overpriced, speculative units that were still hanging around from the boom times. New building continues, but is beginning to slow down to a less frenetic rate. Interest rates continue to drop and are projected to drop even further. The economy is in relatively good shape with remarkably low unemployment in the local area and a steady increase in available jobs. In doing our regular analyses of the market we are still seeing steady growth in home values albeit, not the inflammatory growth of a couple of years ago. The market has merely made a very necessary correction in order to bring itself into line with normalcy! We can however, certainly concede that a correction after the "Helter Skelter" market of the last few years will take a while to settle down but, is the sky falling in? The answer is a resounding NO!
Make sure you use a RealtorŪ to represent you, make sure your home is priced right and make sure that it is in the best condition possible.
Location Characteristics: The Isle of Palms continues to be one of the hottest markets on the SC Coast! The IOP location, as a barrier island, offers a quick walk to the beach, a short commute to Mt. Pleasant and downtown Charleston, and about a 1/2 hour trip to Chas. Int'l. Airport. IOP living offers a wonderful quality of life with everything from beaches, water sports, tennis, and golf to arts and culture and great local fine dining!
The climate, still with four seasons but predominately warm, allows an overall comfort level that also contributes to the desireability of the coastal area. IOP continues to experience an influx of people moving into the area, both because of its overall desireability and the positive business climate.
Contact Dan with additional questions in regards to IOP, Sullivans Island, Mt. Pleasant and any of the additional areas that make-up the greater Charleston, SC area . . .
About Dan Pape:
Greetings! Please allow me to introduce myself. My name is Dan Pape and I have been in the real estate business since 2001. I have an extensive sales and sales management background, always realizing the fact that excellent customer service must be the top priority for any successful company, no matter how large or small it may be!
I have always worked toward personal & professional advancement. Since entering the profession I have earned the ABR and the GRI designations, and have earned the local honor of Realtor of Distinction each year since 2004! Not only do I represent buyers, I also carry a significant inventory of homes and lots, normally in the area of 20 to 30 properties at any given time.
Again, I pride myself in offering superior customer service to my clients. I also offer to provide any interested clients a reference list of past clients, if requested, and remain available to discuss potential clients' needs and desires at a convenient time for them.
Please let me know how I may further assist you with your real estate needs and as my tag line goes . . . "Come high winds and rough seas, Dan will be there to assist you with your real estate needs". Please visit my web-sites: www.danpapescrealestate.com, www.longpointteam.com, and you can view my listings, each with a Visual Tour, at Realtor.com, as well as over 30 different web-sites on the net . . .
Best regards, Dan
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
