•Upscale neighborhood near Folly to showcase waterfront•
Mungo Homes is unveiling a James Island lakeside village just three miles from the sea, championing houses that start at less than $300,000.
The community, from Columbia-based Mungo’s Harbor Homes division, is Ocean Neighbors. Buyers can choose from nine floor plans from 2,100 to 4,100 square feet.
Situated on removed Battery Island, the neighborhood will sport a 12-acre lake, community dock, playground and sidewalks. Home prices begin at $295,900, and construction is set to kick off early this year.
Carolina One New Homes is in charge of sales and marketing for Mungo at Ocean Neighbors.
Floor plans were drafted from the builder’s new “Vanguard Series.” The models are Home Energy Rating System (HERS)-monitored as well as certified through Mungo’s hauSmart program, “insuring maximum energy efficiency and ultimate convenience,” according to Carolina One.
To view the homesites, turn left on Battery Island Drive off Folly Road and continue to Old Military Road. Ocean Neighbors is on the left. Carolina One New Homes represents 33 new-homes communities in metro Charleston.
•Veteran agent joins Weichert, Realtors•
A Realtor who also framed and spruced up homes at area resorts has signed up with an East Cooper-based agency.
Jim Marshall, a real estate agent for eight years, is now with Weichert, Realtors - Palmetto Coast. He has lived in greater Charleston for the past 15 years and currently resides on Johns Island.
His background includes remodeling and construction on Kiawah and Seabrook islands.
Marshall is involved in professional activities, among them as a member of the Charleston Trident Association of Realtors and the S.C. Residential Builders Commission. He also holds a South Carolina Home Builders license.
The agent graduated from the College of Charleston with a bachelor’s degree in communications. He is a member of the College of Charleston Alumni Association and a Top Cat member of the school’s Cougar Club.
Marshall is also active in the St. Andrew’s Society of Savannah and the Society of Colonial Wars.
Weichert, Realtors - Palmetto Coast is at 389 Johnnie Dodds Blvd., suite 103 in Mount Pleasant. For more information, call 843-375-2075 or visit www.weichertpc.com.
•Home contractor, former restaurant manager joins Carolina One•
A diverse career has taken Bruce McMillan from Georgia to South Carolina and from the food business to home building.
Now McMillan has accepted a new position as agent with Carolina One Real Estate.
“Bruce’s extensive knowledge of the Charleston area and his background in the home renovation business will give his clients a special and valuable service experience,” says Dave Sansom, broker in charge of the company’s Coleman Boulevard office in Mount Pleasant.
He was born in Dalton, Ga., moving to Charleston more than 30 years ago when his family was involved in the fast-food business here. After 15 years of restaurant management experience, McMillan turned to renovating homes in downtown Charleston, according to Carolina One.
He owned and operated McMillan Painting and Construction for a dozen years before signing on with Carolina One’s team on Coleman Boulevard.
McMillan, who lives in Mount Pleasant, has three grown children. He still enjoys home renovation projects.
Carolina One Real Estate is the leading residential services firm in the metro Charleston market, noting that it handles more than 30 percent of residential sales transactions at the end of 2012.
For more information, visit www.carolinaone.com.
•Prudential Southern Coast agent earns top designation•
Wayne Green can add ABR behind his name to show his credentials as a Realtor.
The agent with Prudential Southern Coast Real Estate recently received his Accredited Buyer’s Representative designation. Prudential Southern Coast congratulated him on the accomplishment. Green successfully completed the designated curriculum and satisfied the practical experience required to achieve the designation, according Prudential Southern Coast.
For more information, contact Green at 843-270-4915 or email him at
•Low Country Residential Builders rolls out new community•
Carolina One New Homes will handle sales and marketing for the new, gated Foster’s Glenn neighborhood on Johns Island.
The home designer and contractor is Low Country Residential Builders, which plans to frame 23 dwellings in the 2,200- to 2,800-square-foot range.
Houses will be in a “retreat setting with mature trees and lots ranging in size from .68 acres to two acres,” according to Carolina One.
The three-, four- and five-bedroom plans start in the high $200,000s. Low Country Residential Builders designs and builds homes “with dual emphasis on style and functionality,” Carolina One notes.
Spacious floor plans showcase a host of amenities and upgrades. Available features are low maintenance cement-plank siding, wraparound porches, radiant barrier roofs and two car garages, according to Carolina One.
Properties are Home Energy Rating System-tested and feature extra-energy-saving insulation in the attics and windows. Buyers can choose from floor plans with master bedrooms upstairs or downstairs and showcasing tray ceilings and “his and her” walk-in closets.
To reach Foster’s Glenn from Maybank Highway, turn left onto River Road and go 4.8 miles. The neighborhood is on the right. For more information, contact Stacy Williams at 843-509-1124 or by email at email@example.com. Founded in 1994, Carolina One New Homes is an area leader in the marketing and sales of new-homes communities in metro Charleston. It is a division of Carolina One Real Estate.
•Foreclosure totals continue to fall nationwide, in state•
As the housing market gradually improves, the foreclosure rate nationwide and in South Carolina has trended downward.
That’s one of the findings from CoreLogic in its National Foreclosure Report released earlier this year.
The report, relying on figures from November, found that completed foreclosures plunged 23 percent to 55,000 from 72,000 a year before.
Nationwide, the foreclosure rate as a share of mortgages in November was 3.1 percent. By comparison, the foreclosure share in South Carolina as a rate of home loans was 3.1 percent — off 0.6 percent from a year earlier. Meanwhile, there are 54 mortgages per completed foreclosure in the state, slightly more positive than the national average of 53 mortgages for each completed foreclosure, according to Irvine, Calif.-based CoreLogic.
In other findings, the analytics company noted that completed foreclosures decreased 6 percent from 59,000 in October to 55,000 in November.
Before the start of housing market decline in 2007, completed foreclosures averaged 21,000 per month between 2000 and 2006. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure, CoreLogic says.
At the same time, 1.2 million homes, or 3 percent of all homes with a mortgage, were in the national foreclosure inventory as of November compared with 1.5 million, or 3.5 percent, a year ago.
The foreclosure inventory was down 18 percent year-over-year. ,According to CoreLogic, the foreclosure inventory is the share of mortgaged homes in any stage of the foreclosure process.
“The continued fall in completed foreclosures is a positive supply-side contribution in many regions of the U.S.,” says Anand Nallathambi, president and chief executive of CoreLogic. “We still have a long way to go to return to historic norms, but this trend is firmly in the right direction,” he says.
“The pace of completed foreclosures has significantly improved over a year ago as short sales gain popularity as a disposition method,” says Mark Fleming, chief economist for CoreLogic.
“Additionally, the inventory of foreclosed properties continues to decline while the housing market demonstrates an ongoing ability to absorb the distressed sales that result from completed foreclosures,” he says.
The five states with the highest number of completed foreclosures for the year ending in November were California with 102,000; Florida, 94,000; Michigan, 75,000; Texas, 58,000; and Georgia, 52,000.
Meanwhile, the five states with the highest foreclosure inventory as a percentage of all mortgaged homes were Florida at 10.4 percent; New Jersey, 7.3 percent; New York, 5.1 percent; Nevada, 4.7 percent; and Illinois, 4.7 percent.
•Local Carolina One associate heads CRS group in South Carolina•
An 11-year Charleston area agent is the state chapter president of a group that oversees one of the top residential designations for Realtors.
Bobette Fisher, who holds the Council of Residential Specialists, or CRS, certification, has been elected 2013 president of the organization’s South Carolina chapter.
The Council of Residential Specialists is a not-for-profit affiliate of the National Association of Realtors.
As chapter president, Fisher manages the chapter’s activities and serves as liaison between the regional vice president, the council’s leadership team and the staff, according to Carolina One.
Fisher, who has been involved in real estate since 2002, is now a Realtor with Carolina One Real Estate and serves as a relocation specialist throughout metro Charleston.
“Out of 3,600 Realtors in the Charleston Trident Association of Realtors there are 70 members with this prestigious achievement,” Fisher says.
The South Carolina group is one of 57 chapters nationwide. Among other things, the chapters provide educational chances for Realtors, promote the council and CRS designation and provide a forum for the exchange of information.
Fisher says her goal is to improve the professional standard in the real estate industry and to increase consumer awareness of the differences between certified residential specialists and nonmembers.
According to the group, consumers benefit from using Realtors with CRS designations because the agents must meet certain educational requirements and have built up a level of home sales transactions. The chapter will be involved in sponsoring four to six CRS-related courses throughout the state this year that Realtors can take.
The Council of Residential Specialists is comprised of more than 35,000 members nationwide.
•Bell, of William Means, introduces monthly newsletter•
A New Year’s resolution jumpstarted Georgia Bell to author a newsletter on everything from the local real estate market to cooking tips.
So far, so good for Bell, an agent with William Means Real Estate in Charleston. Her first writeup was last week.
Bell says she started the monthly newsletter “to keep my friends and neighbors updated on what is going on in the real estate market and offer some insights into life in Charleston. I hope you enjoy.”
The first issue includes a “current real estate feature” on buying a fixer-upper, “market statistics” on Charleston area median home prices, “upcoming events” such as the Lowcountry Oyster Festival Jan. 27 and “from Georgia’s kitchen,” — this month a recipe for shrimp and grits.
For more information, visit www.georgiabellhomes.com.