Kiawah’s Leading MLS Real Estate Company
and Largest Co-Brokerage Firm.
Carpe Diem
The Kiawah market is showing signs of robust activity with early year to date sales comparisons reflecting positive movement. All signs point to 2011 being the most active year we have seen in a long time.
Mortgage rates have risen lately, but continue to remain near historical lows. The economy has shown improvement over the past six months lead by significant strength in the equity markets. While the unemployment rate has been stubborn, it currently appears we are moving in the right direction. All of this has led to an uptick in real estate activity in our market place and an increase in consumer confidence, particularly among the qualified more affluent Kiawah purchaser.
As stated in my latest update, the growth in sales can be attributed many factors; however the most persuasive, the agonizing shift to appropriate valuations. In addition, Buyer sentiment that we are near or at the bottom is also compelling many to drive a more normalized demand environment.
Data further supports a healthier supply trend as the total numbers of listings continue to move down. Most sales in 2010 were recorded at 2003 and 2004 pricing levels, demonstrating that price remains the most important diver to any successful sale. Real estate values are determined by supply and demand, and if these indicators continue to improve, prices will soon follow.
Pricing integrity is the cornerstone of my business. I believe selling real estate should be about trust, open communication, and helping my customers achieve their objectives. I have a unique and strategic approach to assessing property values and welcome the opportunity share it with you. I take a consultative approach to the selling process by customizing each property solution to help customers achieve their overall real estate goals. My mission is to work with you to identify the best pricing strategy combined with the right marketing plan to sell your home.
As we enter into the spring of 2011, I feel we are at an important juncture in Kiawah real estate. All major indicators including supply and demand are pointed in a positive direction; however, pricing continues to decline to capture today’s heavily discount minded buyer. Should the current sales pace continue, and indicators remain positive, I look forward to a putting some of our real estate woes in the rear view mirror and to a better 2011.
As always, if you would like to discuss your properties valuation, or have any questions regarding the information provided please feel free to call or email. I look forward to your comments and thank you for your continued support.
Danielle Whitson
Akers Ellis Whitson Team
Kiawah | Seabrook | Johns Island
843.425.6025 Mobile
dwhitson@AETrealestate.com
www.AETrealestate.com
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