•Father and daughter form real estate partnership at Carolina One•
He’s spent decades as a local Realtor; she’s blossomed as a home seller in Atlanta. Now Timm Gipe and daughter Sarah Walker Gipe are teaming up in East Cooper.
Sarah Gipe is returning to the Lowcountry after seven years with Prudential Georgia Realty in Atlanta. She and her father are forming the Gipe Partners team in association with Carolina One Real Estate in its Coleman Boulevard office.
“Sarah’s deep local ties and extensive sales experience in Georgia make her the perfect business partner for her dad, Timm Gipe,” office manager Dave Sansom says. “Together Gipe Partners will provide an exceptional real estate experience for their clients.”
Born in Charleston, the junior Gipe graduated from the College of Charleston in 2005 with a degree in communications. She joined Prudential Georgia Realty a year later as an Accredited Buyers Representative. She also earned the Green Designation from the National Association of Realtors, She was the top individual agent in the Prudential Georgia Realty office this year through June, according to Carolina One.
For hobbies, she enjoys scuba diving and playing soccer, the Charleston area agency notes.
Timm Gipe has achieved success in a 40-year career as a Realtor. He served as a Mount Pleasant Town Council member and as president of the Charleston Trident Association of Realtors. He also is past president of both the Charleston Citadel Club and the Metropolitan Exchange Club of Charleston.
Carolina One Real Estate is the largest residential services firm in metro Charleston, handling more than 30 percent of home sales as of the end of June.
For more information, visit the company website at www.carolinaone.com.
•Real estate accelerates on Daniel Island for first half of year•
Daniel Island’s signature real estate agency saw home sales climb sharply as of last month, a sign of the region’s market recovery.
According to Daniel Island Real Estate, the island “continues to experience an energized market” in the first half of the year. Through July 22, Daniel Island Real Estate closed 132 transactions. That’s up 28 percent from the same period of last year. Sales volume totaled $68 million as of mid-July, a 21 percent increase from the same time frame in 2012.
According to the real estate agency, other spotlights include:
• A 50 percent increase in single-family home sales $1 million and higher on the island.
• An “extremely active” second quarter, with Daniel Island Real Estate selling 91 properties.
• Residences selling closer to market value. According to the agency, the difference between the list price and sales price on homes costing $1 million or more was 6.5 percent, compared with 11.3 percent last year.
• A “strong start” to the third quarter, with 13 sales transactions since the start of July.
• Fifty one pending sales totaling $32 million.
Daniel Island Real Estate believes the market will remain “healthy and robust” in the future.
•Carolina Park unveils swimming pool, accompanying amenities•
In the summer heat, a dip in the pool can be mighty refreshing. That’s what homeowners in an emerging Mount Pleasant neighborhood can enjoy now.
Carolina Park, located off U.S. Highway 17 North, opened its Residents Club last month. The community held a grand opening July 18 for Realtors while displaying the club to the public for the first time. It encouraged agents on hand to tour homes and to see the village’s variety of builders, designs and home sites. More than 200 people attended, and the response was “overwhelmingly” positive, according to Carolina Park.
“We’re thrilled that the Residents Club is now officially open for our homeowners and their families,” Marketing Director Brian Keels says. “It was important for us to have this amenity available this summer so that residents could enjoy even more conveniences as Carolina Park grows.”
Located in the community’s midsection, the club sports a junior Olympic-sized pool with beach entry, kid-friendly water features, changing rooms, showers and nautical themed playground, according to Carolina Park.
The neighborhood plans additional perks such as tennis courts, open-air pavilion with outdoor kitchen and an expansive gathering space.
Carolina Park, a family oriented master-planned community, encompasses 1,700 acres of property that includes Wando High School and Roper St. Francis Mount Pleasant Hospital. The neighborhood eventually will become home to more than 1,500 families. Five top Charleston area homebuilders are framing houses, including semi-custom homes starting in the $300,000s and custom homes in the Riverside at Carolina Park enclave beginning in the $500,000s.
•Foreclosures trend downward in metro Charleston•
Just 3 or so of every 100 mortgages are mired in foreclosure in Berkeley, Dorchester and Charleston counties – and the rate keeps declining.
National analytical firm CoreLogic recently released its foreclosure and mortgage delinquency findings for localities, states and the nation. The figures are reflective of May.
According to the company’s totals, the rate of foreclosures in greater Charleston-North Charleston-Summerville wound up at 3.04 percent of outstanding mortgage loans. That’s a decrease of 0.84 percentage points from May 2012, when the rate was 3.88 percent.
Despite the Charleston metro area’s shrinking foreclosure rate, its foreclosure percentage continues to hover above the South Carolina rate in May of 2.77 percent, down from 3.53 percent a year before. It’s also higher than the national rate, which dropped to 2.61 percent in May from 3.46 percent in 2012.
Likewise, the mortgage delinquency rate in the Charleston-North Charleston-Summerville area decreased. According to CoreLogic, only 5.52 percent of mortgage loans as of May fell 90 days or more delinquent, compared with 6.75 percent a year before. By comparison, the U.S. rate of home loans 90 days or more delinquent stood at 5.63 percent in May, a sizable decrease from 6.89 percent at the same point in time last year. The 90 day plus delinquency rate in South Carolina withered to 5.27 percent in May, from 6.28 percent a year before.
•Sabal Homes to offer buyers incentives in Berkeley County community•
Fresh off expanding its footprint at Carnes Crossroads, one local builder plans to reward some customers with $15,000 credits.
Mount Pleasant-based Sabal Homes intends to offer the credit – which can be used for options, upgrades and closing costs – to its next 15 homebuyers at Carnes Crossroads.
The company showcases four new-home floor plans within the Goose Creek neighborhood. Their names: the Radcliffe, King Street Cottage, Rutledge and Beaufain.
Home sizes range from 1,600- to more-than 3,500 square feet. Both one-story and two-story options can be located. The floor plans boast three to four bedrooms and “abundant porch space to enjoy the Lowcountry outdoors,” Sabal Homes points out.
Developed by the Daniel Island Co., the new Carnes Crossroads community offers small town charm, Southern beauty and a variety of amenities including lakes, parks and restaurants, Sabal Homes says.
Northwood Academy, a private faith-based K-12 school, is under construction nearby. So is a church and the new Roper St. Francis Healthcare 50-bed hospital.
Carnes Crossroads sits at the prominent intersection of North Main Street (U.S. Highway 17A) and St. James Avenue. The central location will be “a thriving gathering place and shopping district for both Carnes Crossroads residents and the city of Goose Creek,” according to Sabal Homes.
To take advantage of the $15,000 credit, call Sabal Homes at 843-761-8600, or see an onsite agent for details. To learn more about Sabal Homes, visit www.SabalHomesSC.com.
•Marketing rep becomes broker with commercial agency’s Columbia office•
Regional brokerage NAI Avant, which has offices in Charleston and Columbia, recently tapped its former marketing specialist as an agent in the Midlands locale.
In her new role as broker with NAI Avant, Marilynn Joyner “will be an active member of the retail brokerage,” the company says. She will specialize in providing tenants, owners and investors with a variety of commercial real estate services.
Joyner, an Atlanta native, previously was marketing coordinator and project manager for NAI Avant in its Columbia office.
The new broker received her bachelor’s degree from the University of South Carolina with a dual degree in political science and dance performance.
Joyner is involved community-wise in the capital city, notably being accepted into the Greater Columbia Chamber of Commerce’s Leadership Columbia Class of 2014.
NAI Avant boasts one of the largest commercial real estate businesses in South Carolina. The company employs more than 65 professionals specializing in commercial brokerage, leasing, development, property and project management services. As a member of the NAI Global Network, the brokerage is affiliated with more than 350 NAI offices and 5,000 professionals in 55 countries across the globe.
Founded in 1966, NAI Avant is headquartered in Columbia with an office in Charleston. To see more, go to www.naiavant.com or contact Bruce Harper, president and broker-in-charge of the Columbia office, at 803-744-9805.
•Metro Charleston experiencing moderate housing “rebound”•
Latest findings of an online real estate firm’s survey on the U.S. housing recession and ongoing recovery show the Charleston area is a third of the way back.
The figures, updated through May, encompass the recently released Homes.com Rebound Report.
Homes.com says it is measuring the strength of local housing markets based on recoveries from their “peak-to-trough” decline in home values.
According to the report, 19 of the top 100 metro markets showed full recoveries – reaching their peak pre-recession values or higher – while 39 areas are at least halfway recovered.
According to the report, greater Charleston-North Charleston-Summerville shows a 34.44 percent “rebound,” ranking 57 in the top 100. The region’s peak value in the Homes.com Local Market Index topped out at 165.53 in April 2007. The current value as of May comes in at 143.02.
In comparison, greater Columbia showed a 58.53 percent rebound, ranking 35. Columbia similarly peaked in April 2007 at 139.82, while its current index stands at 133.45.
The most complete recovery among South Carolina metro areas has taken place in Greenville-Mauldin-Easley, which rebounded 79.2 percent to rank 28. The Greenville area peaked at 133.21 in April 2007 and now stands at 130.65.
In determining an index, researchers set a starting value such as 100 and then track performance based on movements up or down from the original score.
Using the Homes.com Local Market Index, a Charleston area home worth $100,000 when Homes.com launched its index would have peaked at $165,530 in April 2007 and be valued at $143,020 as of this May.
According to the latest Homes.com report, San Antonio-New Braunfels in Texas lead all metro areas in “rebound,” not only recovering its losses but surging upward in its index to post a 227.2 percent recovery. The most laggard showing befell Providence-New Bedford-Fall River, R.I.-Mass., which has recovered just 6.82 percent.
“A useful way to understand how the housing recovery or rebound process is unfolding across the country is to measure how far each market has recovered from its peak-to-trough decline in index value,” Homes.com explains.
For more information, visit www.homes.com.
Food trucks provided treats at the grand opening event July 18 at the new Carolina Park Residents Club (Provided).×
Sarah Gipe (Provided).×
Timm Gipe (Provided).×
Marilynn Joyner (Provided).×
The Sabal Homes Beaufain model is available at Carnes Crossroads in Goose Creek (Provided).×
Sabal Homes is building the King Street Cottage floor plan within Carnes Crossroads (Provided).×