Archive for the ‘Columbia South carolina’ Category

2014 Tour of Homes , Columbia’s Largest Open House   Leave a comment

May 3, 4, 10, 11, 17 & 18 – 2014

May 3, 4, 10, 11, 17 & 18 – 2014
2014 Tour of Homes – Largest Open House of New Homes for Sale!

Saturdays and Sundays through May 18, 2014
Five communities are featured in this year’s Tour of Homes! Come view homes in Cobblestone Park, Lake Carolina, Saluda River Club, Springhill Lake and Woodcreek Farms to see the best new home communities and homes in just about every price range! Full of innovative ideas, fine craftsmanship, open floor plans, and special design features, Tour of Homes is the place to be to see what you’d like to do with YOUR next home, or the one you’re in now!

Builders in the TOUR OF HOMES are Blue Ribbon Builders, Crown Communities, DR Horton, Dunbar Builders, Epcon Communities, Essex Homes, Inc., Executive Construction, LLC, Fortress Builders, Great Southern Homes, Holiday Builders, Lady Street Builders, LLC, Lifestone Homes, Mid South Builders, Mungo Homes, Ryan Homes, Saluda River Club, Vantage Builders and Wilson Parker Homes.

(click here to see the Planbook). 

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Smoke on the water BBQ   Leave a comment

Looking for some fun things to do this weekend. Like southern BBQ? Check out the Smoke on the water BBQ competition in Columbia South Carolina. Chili, barbeque, live music, Certified SC Products and more at Senate’s End on the banks of the Congaree River. For the lunchtime crowd, samples of each of the 15 South Carolina barbeque competitors’ homemade chili and for the evening crowd, samples of each competitors’ ribs are available for purchase while supplies last. Barbeque sandwiches and other items will be available for purchase as well as beer and wine.
Today 11:00a to 10:00p
Senate’s End at 300 Senate St.
Columbia, SC

Home Sales Continue to Improve in Columbia, SC   Leave a comment

Home Sales Continue to Improve in Columbia, SC

Home sales continued to rebound in August in Columbia and throughout most of Sout Carolina.

Sales spiked 19 percent in the Columbia area to 947 sales last month from 793 the previous August. Statewide, sales climbed nearly 15 percent to 6,093, compared to 5,314 in August 2012, according to a report Monday from the SC Realtors trade group.

The median price for homes sold last month rose 6.5 percent statewide to $164,950, with a big spike in the Hilton Head Island area. In Columbia, median price dipped 1 percent to 143,000, according to the report.

Pending sales also rose last month, putting the state and the Columbia area on pace to finish the year strong. Those sales – in which a contract has been signed, but the deal has not been completed – should close in the coming months.

In Columbia, pending sales rose 16 percent from last August to 858. Statewide pending sales increased 7 percent to 5,404.

Inventory also is down statewide and in the Columbia area to 9 months worth of homes on the market. A balanced market usually has about six months worth of inventory for sale. In August 2011, the market was saturated with more than 15 months of inventory in Columbia and more than 14 months statewide. For more homes for sale go to http://www.chipjefferson.com 

First Quarter Reports   Leave a comment

Monthly Indicator Report

With spring here in all its bounty, it’s time to renew, refresh and revive our understanding of what’s fueling the ongoing market recovery. First, tightened inventory levels combined with strong demand are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery. Let’s check the local scene.

New Listings in the Southern Midlands region decreased 16.1 percent to 47. Pending Sales were up 59.3 percent to 43. Inventory levels shrank 5.1 percent to 481 units.

Prices tumbled a bit. The Median Sales Price decreased 44.3 percent to $58,450. Days on Market was down 24.7 percent to 169 days. Absorption rates improved as Months Supply of Inventory was down 19.2 percent to 18.2 months.

On the economic front, things inched forward. We saw a minor but important upward revision to Q4-2012 GDP growth that put us back in positive territory. In the political arena, key debates over the deficit, marriage, gun law, immigration reform and tax policy rage onward. The squeaky wheel gets the grease, and with this emerging housing recovery, there are no imminent housing-related bills. Perhaps that’s a good thing.

 

Housing Supply Overview

With a full quarter worth of data, the keen market watcher is tracking just how 2013 is stacking up. For the 12-month period spanning April 2012 through March 2013, Closed Sales in the Southern Midlands region were up 5.4 percent overall. The price range with the largest gain in sales was the $100,001 to $150,000 range, where they increased 18.4 percent.

The overall Median Sales Price was down 2.7 percent to $88,500. The property type with the smallest price decline was the Single-Family segment, where prices decreased 0.6 percent to $89,450. The price range that tended to sell the quickest was the $50,000 and Below range at 179 days; the price range that tended to sell the slowest was the $150,001 to $200,000 range at 335 days.

Market-wide, inventory levels were down 5.1 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 4.5 percent. That amounts to 18.2 months supply for Single-Family homes and 6.4 months supply for Condos.

 

Sell your home quickly in Lexington SC   Leave a comment

Another fast contract for my sellers…6 Days

 

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29054-Gilbert (Gilbert) SALE PENDING
$119,000 Secluded and Like New

Gibbs Real Estate
Chip Jefferson
Email Chip


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264


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Address: 3812 Two Notch Road Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,508 square feet Year Built: 0
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Secluded and clean as a pin. Great Front porch sitting. Welcome home but you better Hurry.SIGN IN sheet on kitchen counter. Buyer Agent to verify all information for accuracy and is responsible for all entry after contract acceptance. Utility activation & de winterization costs are buyer expense year round.Seller will not pay deed stamps. Buyer responsible for rekeying the property at closing
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Brokered and Advertised by Gibbs Real Estate LID 73532397
Information is deemed to be correct but not guaranteed.

Posted February 12, 2013 by Chip Jefferson in Columbia South carolina, Uncategorized

Lexington SC Housing Trends   Leave a comment

INFO THAT HITS US WHERE WE LIVE… What are rising now are asking prices for homes. A major Web real estate portal reports prices for homes listed there were up 3.8% in November versus a year ago. This is the largest year-over-year gain since the housing downturn began. In addition, the listing prices for the three months ending in November were up 0.8% from the prior three months. And the good news was widespread: annual gains were reported in 76 of the 100 largest metros.Finally, asking price gains are now beating rent price gains in the 25 largest rental markets.

 

Review of Last Week

PARACHUTES, ANYONE?… It’s hard for investors to get enthusiastic about buying stocks as they wait for the politicians to agree on how to save us from going over the fiscal cliff on January 1. Maybe Washington will just issue everyone parachutes to soften the landing. The political deadlock, along with good and bad economic data, left the Dow up a tad for the week, the S&P 500 virtually flat, and the tech-heavy Nasdaq off just a bit. The week began disappointingly, with the ISM Manufacturing index dipping below 50 for November, indicating contraction.

But, hey, the November ISM Services index rose nicely to a 54.7 growth reading and Q3 Productivity was up at a 2.9% annual rate. Best of all, Friday’s November employment report delivered a better than expected 146,000 new jobs and a drop to 7.7% in the unemployment rate. Unfortunately, the prior reading was revised down from 171,000 to 138,000 new jobs. Another negative was the big drop from 82.7 to 74.5 in University of Michigan Consumer Sentiment.

For the week, the Dow ended up 1.0%, to 13155; the S&P 500 was up 0.1%, to 1418; and the Nasdaq was down 1.1%, to 2978. 

Mixed economic reports plus the fiscal cliff stalemate contributed to little price movement in bonds. The FNMA 3.5% bond we watch ended the week down .01, at $106.23. National average fixed mortgage rates stayed at or near record lows as the Fed continued its program to buy $40 billion a month of mortgage bonds to keep prices up and rates down. The Mortgage Bankers Association reported demand for purchase loans even for the week.

DID YOU KNOW?… Bush Tax Cuts refers to the reduced income and long-term capital gains taxes, marriage penalty reduction, expansion of the child tax credit, and lowered maximum gift and estate tax exemptions enacted under President George W. Bush.

Find More useful information at www.chipjefferson.com 

Posted December 11, 2012 by Chip Jefferson in Columbia South carolina, Lexington Realtor

Investment property in Columbia South Carolina   Leave a comment

Details Photo Gallery View Rooms
29210-St. Andrews (Quarters) FOR SALE
$20,000 WOW

 

Gibbs Real Estate
Chip Jefferson
Email Chip


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264


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Address: 1211 METZE ROAD 2-E Type: Condominium Style: Single Story Bedrooms: 2 Suite: No Living Area: 1,088 square feet Year Built: 0
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Investors or owner specials. Great rental and already has good tenants in place. Great net return. Hurry to get in on these deals. Tenant will vacate for owner by closing.
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Brokered and Advertised by Gibbs Real Estate LID 60523243
Information is deemed to be correct but not guaranteed.

Columbia SC Bank Foreclosures & Government Foreclosed Houses, Federal Homes, Distressed Properties, and Commercial Forclosures are all at your fingertips with Lexingtonscagent.com. All foreclosures, HUD, VA, and other government property home lists and listings are represented. Gibbs Realty along with Chip Jefferson are the top agancy in South Carolina handeling Foreclosed homes and Bank owned properties throughout the Midlands of South Carolina. Specializing in Columbia, West Columbia, Irmo, Chapin, Gaston, Pelion, Lexington, Lake Murray, Gilbert, White Knoll, Northeast Columbia and all the outlying counties of Midlands South Carolina. Gibbs Realty and its agents are specially trained to handle selling or buying of Bank Owned and Government home properties and Commercial Real Estate.