Lake Keowee Real Estate Expert Blog House Inventory Down
You may have noticed that we’ve been saying this over the past several months, but if you haven’t (and shame on you for not paying close enough attention) let’s say it again: It’s getting harder and harder to find a Lake Keowee waterfront home between $500,000 and $800,000. They are still out there, just not nearly as abundant as previous years. Looks to us as if builders are going to have to start doing that voodoo that they do much more often. This is true across all spectrums of home price ranges, but it hadn’t really hit our market until the last several months (though you could certainly see the writing on the wall). Part of the problem is builders are still hesitant to make big moves into the speculation building. Many, even the ones who are still in business, got burned mightily when the economy took a nose dive and they were stuck paying on notes for homes that wouldn’t sell for near the value of what they had in them. You can’t blame them, but doesn’t that leave a great opportunity for a few builders who are in good financial standing to take a little bit of risk? If you are a builder and you can build a nice new house for $400,000 to $500,000, there are a-plenty of folk looking for exactly that. And lot prices are still depressed making it an even juicier opportunity.
How’s business? Can’t complain, though we’d always like more. We were able to put a lot under contract last week and get all of the videos, pictures, etc. done for our three new listings last week during the 3 day rain respite. It’s back today, but the sun is on its way again as are spring and summer! Now is the time to put your house or lot on the market if you are looking to sell. Not only is it our busiest season, but see the above paragraph (exciting and very well written stuff, I must say). Inventory in many market segments is low so take advantage. Buyers, the market is still depressed when it comes to lots. Why wait for a spec builder to build what they think is your dream when you can build your dream exactly as you dreamed it! (Dreamy, I know).
Big weekend series win for our local Clemson Tigers over a darn good Gamecocks club! Time for the Clemson Men’s Basketball team to shine!