Recipient of the 2016 Bliss Award for “South Carolina’s Best Community” and known for its luxury lifestyle within a stunning natural landscape, Oldfield is definitely a must-see! Located in the heart of the Lowcountry, I recently visited this fabulous community to learn the proper cast net fishing technique with Outfitters Center Director, Mr. Jason Dubose.
Jason has over 12 years of professional charter captain and guide experience, with specialized expertise in leading eco-tours. One of the most rewarding aspects of his role as Center Director is observing members and their children “immersing themselves in the outdoor Lowcountry lifestyle.”
The Oldfield Outfitters Center is certainly an amazing place to celebrate the Lowcountry’s natural beauty, especially with its ideal location on the Okatie River! Popular outings with members include in-shore and off-shore fishing excursions, as well as charter day trips to Daufuskie Island, Savannah, Beaufort, and Hilton Head Island.
There are also plenty of activities for the entire family – from fishing, recreational boating and kayaking – to paddle boarding and sporting clays at Turkey Hill Plantation. This is a community that perfectly combines luxury living with authentic Southern charm.
Contact Johnny today at Johnny@UsseryGroup.com for more information about Oldfield. And don’t forget to visit the Outfitters Center and learn how to throw a cast net for yourself!
If you’ve been waiting for the market to bottom… you’re 11 months late.
CoreLogic’s home price index shows that home prices nationwide in January rose 9.7 percent year-over-year, posting their largest percentage increase since April 2006. It was the 11th consecutive month of month-over-month increases in existing-home sales, according to CoreLogic’s index.
It’s worth noting, however, that all markets are local. Just as there is not national weather forecast, there is no national market. Only averages.
Although there are still tremendous values for savvy buyers, the momentum is back in the Lowcountry. Our local MLS reported that January saw the highest number of sales on record since our local MLS starting keeping records in 1977.
If you’re looking to enjoy ownership in the Lowcountry – now is the time.
After nearly 4 years of weak demand and excess supply, 2012 was the year of the buyer. The convergence of pent up demand, exceptional values, and historically low interest rates spurred a housing recovery that appears to be gaining even more steam as we move into 2013.
The Wall Street Journal recently reported that US home prices nationwide increased on a year over year basis by 6.3% in October, the biggest increase since June 2006. They went on to report that nearly three-quarters of investors polled by JP Morgan expect home prices to rise 5% in 2013.
JP Morgan expects US home prices to rise between 3.4% and 9.7%.
The Lowcountry is primed for an exceptional 2013. Values are remarkable, rates are still at historic levels, and buyer activity continues to grow. If you’re on the sidelines, now is the time to get involved.
Give me a call for a summary of the best buys in the Lowcountry. (843) 384-8105
Very few Mainland amenity communities in the Lowcountry offer a true lock & leave residence. Fewer still offer such a residence that is exceptionally well appointed. The Coach Homes at Hampton Lake are a tremendous option for anyone looking for maintenance free living in a private amenity community.
These residences were built in two configurations: 2 bedrooms, 2 1/2 bath first floor properties, and 3 bedrooms + Study, 3 1/2 bath residences on the second floor. The later enjoys an elevator, and both feature private garages and entrances.
As with all Coach Homes, this residence overlooks Hampton Lake and is located adjacent Lakeside Village – home to Backwater Bills (restaurant), Fitness Central (gym & spa), the Boathouse, and the resort pool(s).
At the height of the market, the 3 bedroom residences were selling in the $800s. Today, you can purchase this home for $469K. Click Here for details.
(Since the date of this posting, we’re told there are already 2 offers on the table) At the height of the market, deep water homesites (lots) in the Lowcountry started north of $1.2M. Buyers would then contract with an area builder to craft their dream home… typically placing their total investment well north of $2M in most cases. As of 3 days ago, there is a bank owned riverfront home in a non-gated Bluffton neighborhood for $749K.
The prior owner built the home in 2007 and took exceptional care of the property. Deep water dock permit is in place. This is a remarkable opportunity and should be on your radar if you’re considering ownership in the Bluffton area…
MLS: “Breathtaking Lowcountry built home with 5 bedrooms, 4.5 bath home with deep water views as far as the eye can see. Gourment kitchen with granite counters, center island, wine fridge, ss appliances, coffered ceiling in family room with fireplace and great built-ins. Master suite downstairs with all other bedrooms up. Unfinished room upstairs could be a 6th bedroom or perfect playroom. 3 car detached garage with unfinished room above perfect for inlaw suite or a “man cave”. You must see this home to see all that it has to offer!”
Originally sold from the mid $700Ks to the mid $800Ks, a fully furnished Berkeley Hall golf cottage just might be the perfect vacation home today. With lock and leave convenience, an owner can also place the 4 bedroom, 4 bath property in the Berkeley Hall rental program at his or her discretion. A full membership conveys with the property & Club dues are a shade north of $15K per year.
Below is a blog by KCM that we’re re-posting. A fantastic read for anyone who’s considered owning a vacation home at any point over the last 5 to 7 years. Enjoy!
When the economy was exploding in the early 2000s, many of us began to dream about purchasing that vacation home on the lake or securing a home in a more appropriate location for our retirement years. However, with the booming economy came skyrocketing house prices. Many of the homes we fell in love with quickly became out of reach financially. Perhaps we should take a second look at these same homes today.
With prices dropping by over 30% in some markets (** 38% in the Lowcountry) and with interest rates at historic lows, this may be the perfect time to do what many families have always dreamt of doing – buying that second home. Let’s look at the numbers.
Back in 2006 we may have seen the ‘perfect’ home but the $500,000 price tag was just out of reach. Today, we could probably get that home for $400,000 (if not less). We also would be financing it at the current mortgage rate instead of the rates available six years ago. The table below shows the difference in impact on our family’s finances:
Not every family is in the financial position to take advantage of the tremendous opportunities the current real estate market offers. But, if yours is, this may be the time for dreams to come true.
(feel free to visit the original author(s) of this article at www.keepingcurrentmatters.com )
On Friday, July 20th the Wall Street Journal catapulted a local trend into the public spotlight: the $1 Homesite Phenomenon. The article’s title: “Fore Sale: Luxury golf communities have hit a rough patch. After years of aggressive golf-course expansion, interest in golf declined just as the market for luxury homes plunged. Now, once-pricey real estate is available at below-par prices. Selling a lot for $1.”
As you can imagine, this sparked a notable increase in interest for area opportunities of inexpensive homesites in communities such as Colleton River, Belfair, and Berkeley Hall who all currently feature homesites for $1.
The “why” behind the $1 lot phenomenon is fairly straightforward. Full Club membership (ranging between $12,000 and $17,150 per year) conveys with each home or homesite – creating an environment where two elements are now in play:
Supply: Sellers are making club decisions with their properties. For those sellers who have decided that Club membership is undesirable to them for one reason or another, the only vehicle to resign membership is through the sale of their property. As a result, the sellers have proven far more motivated to compete for the select buyers who were in the market over the last few years as they look to unload their responsibilities to the Club. More importantly, the private golf market was overbuilt, and the supply has outpaced demand over the last 6 years.
Demand: Buyers represent a different group today than they have historically in these communities. Rather than “hopeful end users” (buy today to use sometime in the future), the vast majority of buyers today are End Users. They see near term value in either the Club, the real estate, or both.
These buyers today universally see their timing as incredible. These Clubs enjoy tremendous financial stability (thanks to the steady stream of revenue from individual memberships tied to each property) and the value of their offerings are undeniable. While it’s not a particularly good time to be selling lots in these communities, it’s a fantastic time to be buying.
Call Johnny (843) 384-8105 or John (843) 384-4463 for more information and a list of opportunities.
Waiting on the stock market and your portfolio to rebound? Waiting for real estate values to level off? Waiting for the media to tell you it’s ok to move forward with your life? What are you waiting for?
Johnny is a 2 year survivor of pancreatic cancer. And while cancer has conveyed more than one challenge, lesson, and blessing to our family – it’s most certainly taught us the value of the moment. Life is fleeting, and relationships are what matters.
We respectfully encourage you to make the most of the time you have, and to invest in your family and your relationships. Many of our clients tell us that their time as a family here in the Lowcountry is among their happiest of memories… and they’re looking forward to making many more.
The Ussery Group is having a banner year in terms of unit sales, as many of our clients have determined that they’re ready to move forward with their lives. They’re ready to spend more time together as a couple. They’re ready to enjoy the fruits of years of hard work. They’re ready to start living again.
As a side note: the stock market has nearly doubled since 2008 (see DOW chart below) and the real estate value slide has slowed to 1% to 2% in most national indexes. I’d say your timing is perfect.