Real Estate News Lennar to build 570 homes on coast; builder helps honor memory of local contractor
• Builder buys up hundreds of lots in Lowcountry, Grand Strand •
In what it calls a signal of market strength, Lennar Homes’ coastal Carolina division has acquired 570 homesites in greater Charleston and Myrtle Beach.
The sites are on tracts of land in Moncks Corner, Summerville, Ladson, Conway and two in Murrells Inlet. The builder plans to frame homes on all 570 lots.
“Lennar believes in the strength of the real estate markets in our division,” says Robert H. Hilliard, division president.
The purchases add substantially to Lennar’s land inventory, the company says. They also show that the publicly traded firm is committed to market share growth in the coastal region.
“We started building homes in Charleston in 2003 and in Myrtle Beach in 2004 and our commitment has not wavered in either market,” Hilliard says.“Our sales have been strong.”
The firm purchased three tracts in greater Charleston neighborhoods and three parcels at communities in the Myrtle Beach area.
The land purchases in metro Charleston are 186 homesites at Spencer Creek Woods off Ladson Road near Trident Radiology Associates in Ladson; 55 lots in Jacobs Cove at U.S. Highway 52 and First Saint Johns Drive in Moncks Corner and 40 homesites in Braeland at Butternut Road and Dream Street in Summerville.
In the Myrtle Beach area, Lennar is purchasing 75 lots in Brookefield Estates at International Club and 28 lots in Enclave at International Club, both in Murrells Inlet; and 186 homesites at Ridge Pointe in Conway.
Sales in each of the communities will begin this summer, according to Lennar.
Hilliard says, “Charleston’s real estate market has experienced higher sales demand from buyers through the first quarter of the year.” Lennar is selling its “Everything’s Included” homes, which he said are attractive to buyers of newly constructed houses. The homes are designed with standard features that are often optional in competitors’ homes, according to the company.
“Having these homesites in these growing areas of our market expands the communities we can offer our buyers,” Hilliard says.
Sales in the coastal Carolinas region are up 3.1 percent in March from the same period a year earlier, says Susan Martin, director of sales in Myrtle Beach, citing figures from the Coastal Carolinas Association of Realtors.
“We know Myrtle Beach is a highly-desirable region in which to live,” she says.
• HHHunt Homes helps put on Claude Martin memorial tourney •
Golfers came together in mid May to remember a local mentor who died at age 38 and to raise money for the family’s medical bills.
Co-sponsors of the first Claude Martin Memorial Golf Tournament included HHHunt Homes, which builds in Dorchester County.
Proceeds from the May 18 event at The Golf Club at Wescott Plantation in North Charleston benefited Martin’s wife, Jennifer and their two children.
Along with a golf package, players received prizes for the “longest putt, longest drive (and) closest to the pin.”
Martin, a contractor who died in February of sepsis. was an avid fitness enthusiast and assistant coach of the A League Cowboys Sertoma boys’ football team.
“The loss of someone is never easy, especially when it comes so suddenly,” says Andy Stetka, area director of construction for HHHunt Homes.
“The Martin family is in our thoughts and prayers. As a family-oriented company, we are honored to provide support for such a worthy cause. Claude Martin would be proud of how his friends, loved ones and community continue to rally around his family.”
The Lowcountry community has participated in several local memorial events to financially assist the Martin family, who lack health insurance.
Donations can be made to the Claude Martin Memorial Fund at First Citizens Bank branches on South Main Street and Trolley Road in Summerville and on Yeamans Hall Road in Hanahan. To learn more, call 843-514-2632.
For more information about the builder, visit www.HHHuntHomes.com.
• Beazer kicks off ‘Hot Days, Cool Deals’ sales gala •
If you’re on the fence about purchasing a house, this may be the time to climb down, says one builder that’s offering perks to nudge unsure shoppers.
Beazer Homes USA Inc., a national builder which constructs homes in the Charleston area, says it is giving homeowners a chance to save money in its two week “Hot Days, Cool Deals” promotion that begins Friday, June 1.
During the campaign, which runs through June 13, Beazer is offering “special incentives” on its quick move-in and to-be-built Energy Star-rated homes, which are eco-friendly.
Low interest rates and pricing affordability make this a good time to buy a home, says Robby Mosier, president of Beazer’s Charleston division. “But consumers are also asking for a home that meets their lifestyle,” he says.
“Beazer is able to meet these needs by offering multiple floorplans in every community with our flexible options,” Mosier adds.
According to Beazer, its personalized approach to home-buying allowshomeowners to choose everything from flooring options and finishes to their mortgage lender.
Buyers can pick out sunrooms, extra bedrooms and bathrooms and offices and finished basements.
All Beazer homes are Energy Star qualified, which can lead to lower utility bills.
Atlanta-based Beazer has operations in South Carolina, Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Texas and Virginia.
For more information, visit www.beazer.com.
• Prudential Southern Coast Real Estate backs SPCA fundraiser •
Donations flowed to a local Society for the Prevention of Cruelty to Animals chapter, thanks to a recent event aided by a local real estate agency.
The fundraiser was the 2012 Downs Byrd Memorial Oyster Roast & Silent Auction.
Among the sponsors was Prudential Southern Coast Real Estate, based in Summerville.
Attending the recent fest were “hundreds of pet lovers,” the agency says. They ate oysters, pizza and desserts and listened and danced to music from a DJ at the evening party, the group says.
Proceeds benefited the Dorchester County-based Frances R. Willis SPCA.
The event is one of Summerville’s largest oyster roasts. It supports efforts to help lost, abandoned and abused animals in Dorchester County.
• Agents sign on with Carolina One •
Two Charleston area businesspeople who focus on real estate development have joined a leading local residential brokerage.
Norris Law is a new sales associate who will be affiliated with Carolina One’s Summerville Trolley Road office, and Richard von Werssowetz will work from the agency’s downtown Broad Street office.
For the past 30 years, Law was the co-owner and president of Law’s Wholesale Inc. in Moncks Corner. He is the owner of NSL Investments LLC and has specialized in real estate development in the past 10 years.
“Norris is dedicated, ambitious and personable with an excellent knowledge of the market,” says Brenda Jaicks, broker-in-charge of the Trolley Road office. “We are very excited to have him on our Summerville-Trolley team,” she says.
Von Werssowetz is a graduate of Georgia Tech and the Harvard Business School who has more than 20 years of experience in real estate development and in business operations and analysis. He has joined Margaret von Werssowetz to form the von Werssowetz Group specializing in residential real estate. For more information, visit www.carolinaone.com.
• National builder begins pre-sales at Whitney Lake •
At a new Johns Island neighborhood, Ryland Homes is inking deals before homes are framed — a practice known as pre-selling.
The national builder says it will start presales of 34 lakefront houses priced from the $180,000s at Whitney Lake. The community is located off River Road and Maybank Highway.
Three and four-bedroom single-family homes will range in size from 1,600 to 1,929 square feet of living space. They have detached garages.
Altogether, Ryland plans to build 81 residences at Whitney Lake, says Brian Cartwright, vice president of sales and marketing for Ryland Homes in the Charleston region.
Ryland Homes builds single family homes in seven communities in the Charleston-Myrtle Beach region.
Based on Southern California, the company operates in 13 states and has built more than 295,000 homes since its founding in 1967.
For more, visit www.ryland.com.
• Foreclosure rates move up, delinquency rates down in Charleston area •
A slight dip in past due mortgage loans has somewhat offset an increase in foreclosures in the Charleston-North Charleston-Summerville metropolis .
The findings come from national researcher CoreLogic in its March report.
According to the analytical company, the rate of foreclosures — where homes are taken back by lenders for non-payment — was 3.95 percent in March, up 0.52 percentage points from a 3.43 percent rate a year earlier. At the same time, the greater Charleston foreclosure share in March was down 0.09 percentage points from the February rate of 4.04 percent.
The 3.95 percent foreclosure rate locally is higher than the national 3.41 percent figure and the South Carolina share of 3.72 percent, up 0.52 percentage points from 3.20 percent a year before, according to CoreLogic.
While the foreclosure rate rose from a year ago, the delinquency rate in greater Charleston dropped ever so slightly.
According to CoreLogic figures, 7.03 percent of mortgage loans were 90 days or more delinquent in March, compared with 7.04 percent for the same period last year. The decrease amounts to 0.01 percentage points.
During the same time frame, the national delinquency rate fell to 7.18 percent from 7.51 percent a year earlier; and the South Carolina rate rose to 6.63 percent from 6.47 percent 12 months prior.