Prices are Still Dropping...

Last Year on Edisto our beachfront homes averaged in the $1.3 million to $1.6 million dollar range.  Last week we had a price drop on one decent home to $999,999.  What a Bargain! This home has a great rental history.  At that price, the rent will almost pay the interest payments. This one won't last long! If you would like I can email you the profile.  Just drop me an email and ask for the Best Buy on Front Beach   cal@calgriffin.com

How Deep is the Buyers Market???

Edisto Beach has been slow to drop it's residential home prices.  However, as the rental season comes to a close and the homes that have been on the market for awhile, we expect a decent decline in prices as seen by the rest of the country.  It truly is a Great time to pick up a bargain on the Beach.

Where are the bargains...

It depends on what you are looking for in a home.  I have prepared a list of homes that are ripe for the picking.  These homes have been on the market for a long while and I am hearing on the streets that some of the sellers are ready to take deep cuts.  If you  are interested in the list-just drop an email to me asking for The List-its free and it is loaded with lots of valuable buyer information. cal@calgriffin.com

How long will this last...

In our office we don't believe that this trend will last much longer.   We have lots of regular client scheduled for a fall showing.  They are flying in from all over the country to snap up these bargains.  To answer the question of How Long?  It is all about supply and demand.  Right now we have about 200 properties on the Beach.  To get us back to a normal level it will only take about 25 closings.  If you would like more info or want to try to make an appointment you can email me at cal@calgriffin.com

P.S.

I know that some people don't want to be bothered by an agent until they're ready.  So on my website, I have openned up my MLS search to everyone.  That's Right, Free-No Registration MLS Search.