South Carolina 811 is a FREE service to contact to have underground utility services
marked prior to anyone doing large or small digging projects. Safe digging is everyone’s responsibility. Notifying SC811 of your
planned excavation can help prevent damages that can result in fines,
utility service interruption and physical injury – even death. And, it's the law.
Every digging project requires a call to 811. Hitting an underground utility line while digging can harm the environment,cause serious personal injuries, disrupt service to an entire neighborhood and potentially incur fines and repair costs.
For a normal notice, the locate request must be entered into our system
three full business days, not including the day the notice was
submitted, before digging may begin. SC811 does not physically mark the underground utility lines, but
notifies the member facility operators and they are responsible for
having the lines located. Facility Operators only mark the lines they
install and maintain, which does not include privately owned lines.
Mel Coker has the resources and professionalism to help you. I sell Columbia, Lake Murray, Chapin, Irmo, Prosperity, Lexington, and West Columbia. I am a life-long Columbia area resident and have over 500 real estate closings.
NEW LISTING... 12 Hilton Glen Court Chapin, SC 29036
This all brick home is beautiful! It's priced to SELL at $279,900. Located in Village at Hilton subdivision, this home is only 3.7 miles to a free public boat launch ramp on Lake Murray. Located in the Hilton area, this is between Irmo and Chapin - a great location!
For Sale in The Village at Hilton - near Lake Murray
Great Room with Fireplace
4 bedrooms, 2 1/2 bathrooms
app. 2500 square feet
Great room with fireplace
Master bedroom on main level
Deck overlooks nice backyard that adjoins natural area
Community pool, pond and walking pathways
Excellent Chapin area schools (Lexington District 5)
The Most Comprehensive Lake Murray Market Analysis Follows...
The Golden Year (The Standard) The Year was 2006...
The average closed price in 2006 was $558,387. This was an all-time high and represented a 19.2% price increase over 2005.
The all time high in annual sales was in 2005 with 162 closings (at that time) and 2006 saw a slight decrease to 141 closings.
The average days on market (DOM) was "only" 125 days in 2006.
There were 11 homes sold for $1 million or more
The year 2007 began the downturn with slightly lower numbers for sales and average sales price
The Downturn (The Bad) 2008 - 2012
4 straight years of average closed price decreases (2007 - 2010)
Average closed price during this period $488,604 (a 12.5% decrease) with the lowest point being in 2012 at $457,489 (an 18.1% decrease from 2006)
Average annual closings decreased to 113 with a low of 88 in 2009
Average DOM was up significantly to 208 days with a high in 2011 of 243
During this period just 4 homes per year (on average) closed at $1 million or more
The (Partial) Recovery (The Not So Bad) 2013-2014
Average closed price during this period up 5.98% over 2012
Average price in 2014 was at $479,951 - still down 14.0% from 2006, however, this is up 4.9% over 2012
Closings averaged 180 per year, up 59.3% over the previous 5 year period
Average DOM down to 196 days - down 5.8%
During this period, 7 homes per year closed at $1 million or more
183 closings in 2014, an all-time high
Home closings criteria for analysis: Waterfront on Lake Murray; minimum 75 feet water frontage; single family home with minimum 1200 square feet; minimum price $150,000. For DOM, 25% added to compensate for sold listings that had expired and/or withdrawn status and ultimately re-listed and sold.
More interesting data:
There are four Multiple Listing Service areas: Irmo/Chapin, Lexington, Newberry County, Saluda County - the Lexington and Chapin areas accounted for 79% of all closings on the lake.
Prices in the Lexington / Chapin areas were 55.9% higher than the average for Newberry and Saluda counties combined.
Lake Murray Living is GREAT!
151 homes for sale waterfront on Lake Murray
Average asking price is $665,632 - notice this is significantly higher than the closed average for 2014
In 2014, for the homes closed, the final average asking price was $514,839 (compare to the current overall asking price). The average price reduction was 6.78%
Conclusions: many homes are overpriced and buyers are drawn to the homes priced to sell; lower priced homes attract more buyers
20 homes for sale at $1 million or higher - enough to last almost 3 years at recent sales
The most important NEWS here is that NOW still is the time to BUY a home on or near Lake Murray. To BUY or SELL on Lake Murray, Contact Mel Coker. I know Lake Murray. I SELL Lake Murray. I live on Lake Murray.
Is this the year you move to Greater Columbia, including Chapin, Lexington, Irmo and Lake Murray? Columbia is a GREAT place to call home. Make your SMART move in 2015... move to Greater Columbia and contact MEL COKER for real estate professionalism.