Carolina Forest Real Estate for Sale - Plantation Lakes
There is a lot going on today with Carolina Forest real estate and we wanted to let you know what is going on in Plantation Lakes, according to the CCAR MLS. Homes Year to date through 9/30/2007 there have been 20 homes sold at an average price of $547,594. They sold at 91.79% of original price and were on the market for an average of 205 days. Last year for the same time period there were 17 homes that sold for an average of $592,124. They sold at 98% of asking price and were on the market for an average of 138 days.
Lots There were 34 lots sold through 9/30/2007 versus 41 for the same time period last year. The lots sold for 88% of original price this year which was an average sold price of $173,128 versus 92% of original price last year with an average sold price of $179,340. The average days on market for lots has increased by 23 days this year going from 124 days to 147 days.
Even though this may not look good, Plantation Lakes has actually performed much better than other neighborhoods around the beach. I feel this is because Plantation Lakes is still a highly sought after community. With the recent drop in interest rates, and the banks getting more control on their credit losses, we should start seeing more progress. Since the interest rate decline we have already started to see more positive news which will have a positive impact on the real estate market. Remember we live in the 5th fastest growing metroplex in the United States and the #1 beach in the US according to Yahoo Travel.
As Family Realtors, we understand that selling your property is about more than just numbers; it is also about being able to rely on a Team for honest advice and help. We are always available! If you are thinking about selling your property or know someone who is interested in buying property, we would be glad to assist! Thank you for reviewing this information and considering us to be your Realtor of Choice! The Willis Journal is a real estate sales analysis journal for Myrtle Beach real estate. The Willis Team Professionals have created this information to help our viewers to better understand what is currently going on in the real estate market. You will see that we also have created an analysis for some communities within the Myrtle Beach, South Carolina and will soon be adding more real estate sales analysis.
Home | Real Estate Analysis | Find A Home | Home Value | Myrtle Beach Blog
|
|
|
© Copyright 2005-2007 The Willis Team. All rights reserved |
|
