Greater Columbia, Chapin, Irmo, Lexington and Lake Murray.
Wednesday, January 30, 2008
Monday, January 21, 2008
Personally, I’d term 2007 a moderately successful year. I closed 43 transactions in 2007 for a sales volume of $8.39 million. I met many new clients last year and 19 came to me through my Internet presence. My 2007 closed transactions covered the following areas: Irmo/Chapin 37%; West Columbia/Lexington 30%; Northeast Columbia/Blythewood 14%; Lake Murray 7%; Downtown Columbia 7%; Other areas 5%. In other words, I cover ALL of the Greater Columbia area.
For ALL Greater Columbia residential sales in 2007, the results were mixed with the nationwide slump finally hitting Columbia especially during the last quarter of 2007. For the year, the number of residential sales was down approximately 4.4% compared to 2006. The median sales price in 2007
($144,000) was up approximately 3.5% compared to 2006. The average sales price in 2007 ($174,139) was up approximately 2.4% compared to 2006. Other market measures showed somewhat negative results. Average “days on market” (DOM) in 2007 was up approximately 9.0% in 2007 and inventory accumulation was up 23.9% in 2007.
For a few popular areas of Columbia:
- Irmo/Dutch Fork areas: Closings UP 1.6%; Avg. price UP 4.1%; Avg. DOM UP 13.5%; Inventory Accumlation UP 35.1%
- Lexington areas: Closings UP 7.4%; Avg. price UP 4.7%; Avg. DOM UP 19.4%; Inventory Accumlation UP 10.6%
- Northeast Columbia areas: Closings DOWN 12.8%; Avg. price up 5.1%; Avg. DOM UP 7.8%; Inventory Accumlation UP 60.5%
The “average” real estate sales agent (I can’t call them Realtors, because not all sales agents are actually Realtors), sold about 6 homes in 2007. So, the “average” real estate sales agent doesn’t sell too many homes. If an agent is in the top 5% of Columbia area sales agents, this equals at least 37 (app.) closed transactions during 2007.
My cool accomplishments last year included:
1) induction into the RE/MAX Hall of Fame (January 2007), 2) membership in the CyberStars group, and, 3) the start of my Blog (September 2007). I’m looking forward to a great year in real estate for 2008! Please keep reading my blog.
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Columbia, SC Realtor
Sunday, January 13, 2008
Monday, January 7, 2008
Fads come and go, but, trends may last for years. Check out my 7 tips to make your remodeling projects pay back over time. The tips also apply to buying a new home. When you're ready to sell or buy your new home, call Mel Coker.
7 Home Trends Summary (click here for the full article)
- Take a cure from high-end homes - living spaces like mud rooms and home offices are "in"; formal living rooms are not.
- Stick with your style. Experts agree that your remodeling projects should reflect
the style of your home.
- Kitchen updates - The kitchen is the heart of the home!
- Go green - bamboo floors, Energy Star appliances and lighting products, etc.
- Go outside - Outdoor living spaces, outdoor kitchens, outdoor fireplaces, etc.
- Technology in the home - smart homes, smart thermostats, etc.
- Artisan color trends - natural, homespun, restful colors
Click for Mel's 10% Off Coupon from Lowe's (complete the online form to request your free coupon to be sent by mail)