Charleston Real Estate Blog

With all the attention focused on sharply declining home prices, I was curious about how prices appreciated and declined in one of the more overheated markets and while I'm not the biggest fan of the Case-Shiller index, on the slimmest of chances that their statisticians are just a little smarter than me :), let's look at their data ...

The foreclosure problems are so heavily concentrated in California, Florida, Nevada and Arizona that each appears to be sea of red. While the Charleston real estate market was very strong with high demand and above average price appreciation in the early to mid 2000's and most every real estate agents would like to do as ...

Back in May, I wrote about a home apparently bought by a flipper but destined to flop in Mount Pleasant. Click here for the original story. Purchased for $650,000 and put on the market with no indicated improvements at $699,900 which was 7.7% higher than the purchase price, I said there was no way this property could be a profitable ...

Many of you will remember the story, a tale of flipping real estate that likely will result in a flop. The Charleston South Carolina real estate market is fine despite the current housing slowdown. However, the objective should be buying smart and selling smarter. I didn't think this investor had a chance to profit. It's finally sold and ...

What are people thinking when they purchase a house and 45 days later with no indicated improvements put it on the market for sale for 7.7% more than they paid? Is this another flip ready to flop in the Charleston South Carolina real estate market or are some people really that smart and are going to make lots of money with no risk. Sorry, ...

I wrote about this house a few months ago and here is the latest update on this flop. As was pointed out to me earlier today (hat tip to Mike Farmer from Savannah GA), Flipper was a smart dolphin who did smart helpful things. The seller of this house is no Flipper, the dolphin, that is. More like a flopper, in this case, a shark; ...

I wrote a post about flipping houses in today's Charleston real estate market a few months ago and after viewing a different attempt at a flip this past weekend, I thought it would be timely to review the outcome of the first and talk a little about the most recent house for sale. Remember this house? Purchased 11/06/06 $295,000, listed ...

It's March and we should be celebrating March madness and college basketball, not the mortgage madness gripping the media with the implosion of the subprime lenders and the impending foreclosures of those who cannot and may not make their mortgage payments. Mortgages were given to people who shouldn't have gotten them. Speculators took ...

In November I wrote about a flip listing poised for a flop. See this post. Update, it has been reduced again and is now down to $315,900 and breakeven at best can now be expected. I can think of better things to do with money than break even especially when risk / reward is factored into the equation. My advice for future flippers, buy the ...

                                              I just saw this house go up for sale in my neighborhood, it is the former ...