James Island Real Estate News: Gutsy Buyers Can Get Big Bargains

People seem afraid to buy a home in times like these. But if you’re brave enough to stray from the herd, you may find yourself in for the opportunity of a lifetime. Real Estate on James Island right now appears to be ripe for picking.

Ask sellers for price reductions, closing costs, fix-ups, whatever, and sellers are saying “YES!” When the market starts to improve your negotiating power starts to diminish.

You can get a lot of what you need and almost all of what you want today. Once people get off the fence you start to lose your leverage. Inventories are way up so a large selection means more choices.

Remember it’s nearly impossible to time the bottom of the housing market or any market for that matter. Don’t wait. Gutsy buyers are making great deals now!

To read the full article from the Post and Courier: http://www.charleston.net/news/2009/feb/16/gutsy_buyers_can_get_big_bargains71786/

For More information on James Island Real Estate or Long-Term Rentals contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.

James Island Real Estate Market Sales Report

February 18, 2009 Month-to-Date

7 properties sold on James Island thus far for the month of February. James Island also maintained the highest average and media price. 14 properties closed in West Ashley. 4 properties closed on Johns Island and the listing price to final sales ratio held strong at over 96%. There has been no closing for the Folly Beach area.

AREA

SALES

AVG PRICE

MED PRICE

% OF LIST

AVG DAYS ON MARKET

HOMES FOR SALE

West Ashley

14

$216,717

$212,013

95.95%

131

797

James Island

7

$372,429

$352,000

90.40%

121

528

Folly Beach

0

$0

$0

0.00%

0

276

Johns Island

4

$260,000

$282,500

96.31%

76

299

James Island Real Estate

James Island Real Estate for Sale - Homes for Sale in James Island SC. You can also search for homes in these market segments, James Island Entry Level Homes, James Island Median Homes, James Island Upscale Homes, James Island Luxury Homes,and James Island Lots and Land in James Island SC. SC Real Estate for Sale in surrounding towns and communities, such as: Folly Beach, Summerville, James Island, Johns Island, West Ashley, and Charleston SC.

James Island Entry Level Homes less than $200,000

James Island Median Homes between $200K and $350K
James Island Upscale Homes between $350K an $700K

James Island Luxury Homes priced over $700K
James Island Lots and Land for Sale
Johns Island Homes for Sale

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