March 2011 Midlands Property Sale Updates

A sizeable transaction worth noting this quarter is at the southern-most intersection of I-26 and Charleston Highway between the interstate and the Congaree River.  Eastman Chemical Company has transferred 456 acres to DAK Americas LLC.  A quick Google search of the two company names will reveal an interesting series of acquisitions and law suits, see here. 

Property Types	YTD-2011
Single Family	465
Condo / Townhouse	25
Duplex / Triplex / Quad	10
Land	400
Mobile Home	14
Multifamily	1
Office	11
Restaurant	1
Special Use	10
Store / Retail / C-Store	7
Warehouse	4
Foreclosures	92
REOs	112

Sales data based on county assessor-provided information; includes FSBO, Foreclosure and REO transaction. Please read our disclaimer regarding real estate transaction data.

Interested in details on specific transactions?
Visit MidlandsTrends.com and register for FREE access to search our real estate sales database, including FSBO sales, foreclosure and REO search.

-Terry Peterson, PMP

January 2011 Midlands Real Estate Update

The final numbers for 2010 are still rolling in, but here is where we stand for a year-end comparison in the Midlands.  Only 4 of the 15 identified markets experienced more activity in 2010 over 2009.  Another sector with more activity (to no particular surprise) is foreclosures, which are up 31% over the prior year.  What may come as a slight surprise however is that the re-sale of that bank-owned property is actually down 7%.  These opposing trends can obviously not continue for very long.  Next month we'll provide a final update to these numbers and see if 2010 closes out with more green than red.

	Number of Transactions
Property Types	2009	2010	%Change
Single Family	7,388	6,801	-8%
Condo / Townhouse	557	502	-10%
Duplex / Triplex / Quad	99	84	-15%
Auto Related	18	12	-33%
Hotel / Motel	1	2	+100%
Land	3,685	3,612	-2%
Mobile Home	228	190	-17%
Multifamily	14	14	-
Office	67	69	+3%
Restaurant	19	23	+21%
Service Station	7	2	-71%
Shopping Center / Strip	6	7	+17%
Special Use	27	19	-30%
Store / Retail / C-Store	59	45	-24%
Warehouse	35	34	-3%
Foreclosures	1,030	1,345	+31%
REOs	1,144	1,059	-7%

Sales data based on county assessor-provided information; includes FSBO, Foreclosure and REO transaction. Please read our disclaimer regarding real estate transaction data.

Interested in details on specific transactions?
Visit MidlandsTrends.com and register for FREE access to search our real estate sales database, including FSBO sales, foreclosure and REO search.

-Terry Peterson, PMP