BERKELEY COUNTY UP-AND-DOWN RESIDENCES ALMOST FINISHED; RISING SALES INDICATED IN NEW HOMES OUTLOOK

Review original article at The Post and Courier

A GROUP OF NEW GOLF COURSE RESIDENCES AT DANIEL ISLAND ARE NEARLY BUILT, ACCORDING TO THE ISLAND’S REAL ESTATE ARM.

The River Green Townhomes are along holes three, eight and nine at Daniel Island Club’s Ralston Creek course. They are within the Daniel Island Park neighborhood north of Interstate 526.

David Weekly Homes is building the townhomes, which are 2,600-2,900 square feet and priced from $635,000.

Buyers can choose from residences with either three or five bedrooms. They come with open layouts and limited exterior-maintenance requirements. The townhomes fit with the neighborhood’s coveted golf and country club lifestyle, according to Daniel Island Real Estate.

For more information, contact a Daniel Island Real Estate sales associate.

With no booms or busts expected, the Charleston-area housing outlook for the rest of 2012 should be easier to predict, according to a new report.

The findings are from the Charleston New Homes Snapshot, sponsored by Carolina One New Homes.

“One word comes to my mind as we enter the last quarter of 2012: consistent,” says Will Jenkinson, broker-in-charge of the new homes group. “From the very beginning of this year, we have seen the ripple effect of the confidence of home buyer, builder and finally the developer.

“With the return of confidence, we have been able to see more consistency in sales and closings, which help us all as we make projections for 2013 and beyond.” Jenkinson says.

The new homes group has published two snapshots before this one in 2012.

Among the salient points:

  • New home permits have risen steadily in the past year. Local analyst Real Estate Information Service Inc. provided figures showing the number of single family permits from January 2009 through July. The volume soared in April 2010 during the federal government’s tax incentive program, Jenkinson says. The total so far for this year “shows a more sustainable growth,” he says. Permits are up 15 percent in the first part of 2012 compared with the same time frame a year ago. “As I have said before, this is a great indicator of our improvement in the market,” he says.
  • New home sale closings are up this year. Closings over the same time period the past four years show a surge in deals during the tax incentive years 2009 and 2010 and a drop-off last year. “However, we have seen consistent growth in closings, and they are up five percent so far in 2012,” Jenkinson says. He projects sale closings to finish the year up eight percent.
  • Single-family permits posted consistent increases. According home permit numbers provided by Real Estate Information Service, the tax incentive program again skewed the 2010 totals, while the permit volume this year — up 15 percent from the year before — is not far off what it was two years ago. “Again, positive signs for new home activity in our local market,” Jenkinson says.

For more information, contact Brian J. Foster, sales and research consultant at Real Estate Information Service at bfoster@reisonline.com or 843-297-7182 or Jenkinson at wjenkinson@carolinaone.com or 843-202-2023.

A veteran mortgage specialist has been promoted within Bank of America to oversee retail lending locally.

Kevin Brookes is now Home Loans Manager and Assistant Vice President of Bank of America Home Loans for the Charleston area market. He will be responsible for all home loan retail sales in the area for Bank of America. For more information, visit http://mortgage.bankofamerica.com/kevinbrookes.

A national builder plans to highlight its new neighborhood on Johns Island by unveiling two model homes there.

Ryland Homes is hosting a grand opening Oct. 13-14 at Whitney Lake.

New single-family homes are priced from $189,000, says Brian Cartwright, vice president of sales and marketing for Ryland Homes in the Charleston-Myrtle Beach region.

The Edgefield model home at Whitney Lake appeals to growing families, according to Ryland. It has 2,126 square feet of living space including three bedrooms and two-and-a-half baths. The two-story model home features a detached two-car garage and a master suite located on the ground floor, along with a sunroom and a fireplace. The Edgefield floor plan is priced from $209,000.

A second floor plan is The Colleton, which is also a two-story design. The 1,891-square-foot home includes three bedrooms, two-and-a-half baths and a detached two-car garage. The Colleton floor plan is priced from $199,000, according to Ryland.

Both of the sales models are furnished and decorated, Cartwright says.

Whitney Lake features walking trails overlooking a natural 22-acre lake “that affords a quiet environment with many recreational opportunities,” according to Ryland.

The builder plans to frame 81 three- and four-bedroom homes at Whitney Lake. They will range in size from 1,600 to 2,440 square feet. Presales are currently underway, Cartwright says.

With headquarters in Southern California, Ryland is one of the nation’s largest homebuilders, operating in 13 states. For more information, visit www.ryland.com.

One of the runners who launched the Cooper River Bridge Run has raced over to Carolina One Real Estate.

“I chose to come to Carolina One for its great strength, stability, knowledgeable leadership, community recognition and community involvement,” says Terry Hamlin, a real estate agent who works out of the company’s Mount Pleasant North office. As “a result of all these points,” Carolina One holds down a leading market share in the Charleston area housing market, he says.

Hamlin has been a Realtor since 2007 and has a passion for real estate, according to Carolina One. His professional designations include Certified Distressed Property Expert and Certified Investor Agent Specialist.

A Charleston native, he graduated from the University of South Carolina with a degree in psychology. He is married to the former Dolly Moore, and the couple live on a horse farm in Huger. The Hamlins have two children and two grandchildren.

Hamlin was a founder of the Charleston Running Club in 1977 and co-founder of the Cooper River Bridge Run the next year. Along with distance running, his hobbies include hunting, golf and horseback riding.

Carolina One Real Estate says it handled more than 32 percent of all Charleston area residential sales transactions as of the end of September. For more information, visit www.carolinaone.com.

The fall is an opportune time for barbecue, big orange carvings and checking out a new house or two — at least according to national builder Lennar.

The company is hosting a national sales week kickoff event, “Pigs and Pumpkins” 11 a.m. to 2 p.m. today at its five Charleston-area communities.

During the showcase, potential buyers and homeowners can enjoy South Carolina barbecue while learning about Lennar’s existing and newly opening neighborhoods, the homebuilder says.

Event-goers can partake of free Home Team BBQ and pumpkins, gift cards and the chance to enter for a grand prize.

Participating communities are The Abbey at Spring Grove Plantation, Fairmont South, Hunters Bend, Lindera Preserve at Cane Bay Plantation and Wentworth Hall. Home prices in the villages start in the low $100,000s. As part of Lennar’s Everything’s Included program, features such as maple cabinets, hardwood floors, side-by-side refrigerator and built-in microwave are standard.

For more information, visit www.lennarcharleston.com.

A Georgia-based builder has started construction of Tributary at Rivertowne Country Club while naming a local agency to handle sales.

FrontDoor Communities plans to build 62 homes in the new Mount Pleasant community. Carolina One New Homes will be involved in marketing.

Set between the Wando River and Horlbeck Creek, Tributary at Rivertowne will provide homes that are “graceful, practical and totally livable,” according to the partners.

The energy-efficient homes will be available in eight floor plans starting in the upper $300,000s. Among the high-end attractions are hardwood floors, granite countertops, stainless steel appliances, Rinnai tankless water heaters, fireplaces, porches and detached garages.

Construction began last month. Already three homes are in the permitting process.

Located close to sought-after Mount Pleasant schools, the Tributary at Rivertowne features a host of amenities: clubhouse, tennis, swim club, community dock, gazebos, parks and green space.

Also buyers receive a free initiation fee to the Arnold Palmer-designed 18-hole Rivertowne Golf and Country Club.

Home construction veterans with more than 25 years of experience formed FrontDoor Communities in Atlanta, the company says.

Backers say they’re focused on urban and suburban infill, resorts and club operations from management, development, transaction and new building perspectives.

The full-service real estate firm “is grounded in the reality of the marketplace with an eye toward the current economy’s consumer needs and wants,” it says.

The Tributary at Rivertowne Country Club sales center is now open at the entrance to Rivertowne. The sales manager, Kerri Mahoney, can be reached at 843-607- 2087 or by email at kermahoney@carolinaone.com.

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