“Today is the oldest you have ever been;
yet, it is the youngest you’ll ever be… so enjoy this day. “
This also describes the piece of paradise we call Seabrook Island. We live here, have grabbed the lifestyle and are enjoying it daily. We see lots of folks looking, thinking and still saying, “We will buy in a few years.” In our minds, this is not a good long term plan.
Baby boomers, of all the generational name tags, think they have forever left in their lives. There is a stark parallel in real estate. Today is always the best time to buy! The reason is very simple…these are the best of times (in a long time!) Since the 2008 depression, we have been rebuilding in the real estate sector. For three good reasons, it has ramped up in the last several months: More boomers are buying, interest rates are poised to rise and prices are still very low relative to the 2006 peak. Current prices are really closer to 2002, before the huge run up.
We have been very active at Seabrook Island Real Estate for the last 6 or so months. Most buyers are younger than the leading edge of the boomers. They are still working, but planning for their life after retirement. Many will be part-time for a while and gradually will become full-time Seabrookers.
Interest rates are going to go up. Free money cannot last forever! The rates are still historically low, but will creep upwards as the economy strengthens. As interest rates go up, what you can buy will increase in price as well, and your buying power will decrease.
Prices are still good but rising! Perhaps the best way to compare prices is to look at Seabrook Village homes. Two years ago, prices were hovering around $400,000. Many of these homes were purchased above $600,000 at the 2006 peak. Today, most are selling and closing closer to the $500,000 mark, with a few into the $600,000s. New construction in the Village will be in the $575,000+ range. Village homes are the easiest to compare, since they are somewhat new, similar and are all on comparable lots in size. All of this points to some great days in your life as a Seabrook Island real estate owner. If you live here and need to move, please call us to help with your transition. If you are thinking of joining us in paradise, don’t wait – call us now!
Featured Property! 2625 Jenkins Point Road
Attention to detail second to none in this wonderful north/south oriented marsh front island home! A stunning marshfront, Seabrook Island oasis with 4 bedrooms and 4.5 baths, stunning gourmet kitchen, formal dining room, large living room with fireplace and custom built-ins and screened porch. Offered at $1,799,000. Home details + additional photos.
Molly Burkart & Marc Chafe
Sales Executives, Seabrook Island Real Estate
843.768.7819/843.768.7248 • firstname.lastname@example.orgemail@example.com