Century 21 Properties Plus introduces former retailer as agent
From jewelry to education, JB Wilson has built a varied resume. Now she's adding real estate with Century 21 Properties Plus in Charleston to her portfolio.
Wilson joined the agency's Mount Pleasant office earlier this summer.
"I am extremely enthusiastic and honored to be a part of Century 21 because of its outstanding reputation of dependability and concern for clients," she says.
Most recently, Wilson spent seven years working for Italian jewelry and luxury goods company Bulgari at its flagship store in New York before moving to the Charleston area, according to Century 21.
"As a Realtor, my philosophy is to make informed suggestions, enabling my clients to make correct decisions regarding the purchasing or selling of property," she says.
Wilson earned a bachelor's degree in education from Boston College before attending Teachers College at Columbia University.
Residing in Rivertowne with her 10-year-old son, the Realtor "uses her experiences and training in her real estate career," Century 21 notes.
For more information, visit www.century21properties.com.
CoreLogic: Charleston-North Charleston home prices inch up in May
The average cost of a home locally rallied 6 percent in the last full month of spring from a year ago, a sign of continued strength in the housing market.
Figures stem from national real estate analyst CoreLogic's monthly "home price index" report.
Also according to the survey, home prices scooched up 0.5 percent in May from a month previous.
When distressed transactions such as foreclosures and short sales are excluded, prices in May increased by 8.4 percent from a year earlier, while they rose 0.5 percent month-over-month, CoreLogic notes.
By comparison, the 12-month home price index jumped 8.4 percent in South Carolina - 8.9 percent when excluding distressed properties - and climbed 8.8 percent nationally (8.1 percent with distressed properties left out).
Month-over-month, they increased 1.4 percent in May.
Separately, the CoreLogic home price index forecast expected home prices to rise 6 percent from May to a year from now and inch up 0.8 percent from May to June. Excluding distressed sales, home prices are forecast to rise 5.1 percent by May of next year and 0.7 percent for June.
"The pace of home price appreciation is cooling off quickly as the weather warms up," says Mark Fleming, chief economist for CoreLogic. "May's 8.8 percent year-over-year growth rate is down almost three percentage points from just three months ago. The influences of modestly rising inventory and less-than-expected demand are causing price growth to moderate toward our forecasted expectations," he says.
"Home prices are continuing to climb across most of the country which has both positive and negative implications for the housing market," says Anand Nallathambi, president and chief executive of CoreLogic.
"While the rapid rise in prices over the past two years has lifted many homeowners out of negative equity, it has also become a negative factor in buying decisions for prospective purchasers weighing affordability concerns," Nallathambi says.
"As we move ahead, a moderation in home price increases over the next 12 months should help cool things down a bit and keep the housing recovery going."
Bryant signs on as broker with NAI Avant in Columbia
The brokerage group of a large commercial real estate firm has added a new associate.
Peyton Bryant joined the "market leading" team for NAI Avant. He will work from Columbia, teaming up with the firm's top brokerage professionals Cam Kreps, Dail Longaker and Macon Lovelace.
"We are extremely excited to add Peyton to our firm," says Bruce Harper, president and broker-in-charge at NAI Avant.
"He is already an accomplished young business professional in Columbia and will be a valuable addition to the brokerage team he is joining, who are the market's top professionals in their respective specialties in our industry," Harper says.
Before he came onboard with NAI Avant, the broker worked as a commercial relationship manager with BB&T bank in Columbia. He was responsible for lining up new business clients and working with existing clients.
According to NAI Avant, Bryant stays active in the Columbia community. He serves as a steering committee member of the United Way of the Midlands-Young Leaders Society, board member of the Midlands Housing Trust Fund, board member of the Babcock Center Foundation and treasurer of the South Carolina Lions Foundation. He graduated recently from Leadership Columbia, sponsored by the Greater Columbia Chamber of Commerce.
Bryant graduated from Wake Forest University in Winston-Salem, N.C., in 2010 with a bachelor's degree in economics and minors in religion and in "entrepreneurship and the social enterprise."
NAI Avant's commercial real estate business is among the largest in the Southeast with more than 65 professionals.
Formed in 1966, NAI Avant has its headquarters in Columbia, with an office in Charleston. For more, go to www.naiavant.com.
British native hooks up with dunes properties
Lured to Charleston by its "historic intrigue," English-born Susanna Rosen has been brought on as agent for a downtown real estate office.
She joins the sales team for dunes properties at The Real Estate Studio, 214 King St.
According to dunes properties, Rosen brings skills at handling relocations, and as an international transplant "is sought out for her expertise and her own
personal experience transitioning to a new life in the Lowcountry."
She moved to Charleston because of its history, "extraordinary beauty and diverse culture," the company says.
Rosen was educated in London and Europe and brings a background in marketing and the history of art.
She has worked worldwide including as an international conference organizer and research associate for The Financial Times and a marketing executive for
Condé Nast, Vogue and Fortnum & Mason of Picadilly in London.
Rosen relocated to New Canaan, Conn., after overseas and "built a successful career in luxury and historic property real estate. She specializes in helping international executives move in and out of the New York area," dunes properties notes.
She can be reached at email@example.com or 203-247-2930.
Founded in 1989, dunes properties of Charleston is a boutique real estate, vacation rental and property management company with offices in downtown Charleston, Folly Beach, Isle of Palms and the Kiawah/Seabrook area.
To learn more, visit www.dunesproperties.com.
Recently opened Re/Max office goes green
Not every real estate office sports a hand-built design and nautical theme. But with a name like "full sail," the ecologically friendly styling touches fit the mark.
Re/Max FullSail debuted its office at Suite 15 in Merchants Village, 520 Folly Road on James Island. The center, which opened in April, is in a 1,200-square-foot space near the James Island Connector.
Michael Thompson, a master carpenter; and his wife Shirley Thompson, who has an interior design background, are the broker-owners.
"We're proud and honored to expand the Re/Max name, recruit the region's most talented agents and bring more brand awareness within greater Charleston," Michael Thompson says. "Our local knowledge of the area combined with such a well-known real estate company allows our clients to have the best of both worlds - Lowcountry experts with a world of experience."
According to Re/Max FullSail, the office set-up allows for "synergy" between the couple's professional careers. It's also in keeping with the "growing trend of café-style real estate offices that meet the needs of today's consumers and agents," the brokers say.
The office features six agent workstations, three private suites, a conference room and top-notch media center in the lobby, Re/Max FullSail notes.
"With an eclectic assortment of shabby chic furniture and accents, including an oyster shell chandelier, many of the items are made from repurposed materials," office promoters say.
The Thompsons based the design on a piece of art in the building entitled FullSail. "The painting displays powerful, fast moving sailboats, which put the team's full-steam-ahead mindset into context," the company points out.
Michael Thompson, an expert carpenter, got into the homebuilding industry more than 35 years ago. He's skilled at new-construction homes, renovations and design consultations. Shirley Thompson, the broker-in-charge, began her real estate career with Re/Max close to 18 years ago in Woodland Park, Colo., according to the company. She boasts more than 30 years of interior design experience.
The couple are members of Charleston Trident Association of Realtors. Shirley Thompson is a graduate of the Realtor Institute and member of the Council of Residential Specialists, National Association of Realtors and South Carolina Association of Realtors.
"When you're here, you're family," Shirley Thompson says. "Sit back and let us guide you through one of life's important decisions."
The Re/Max FullSail team consists of professional real estate agents and specializes in residential real estate, waterfront properties, luxury homes and vacation homes. Its objective is "to ensure a high quality of service to clients."
The brokerage joins more than 120 offices within the Re/Max Carolinas Region. To learn more, visit www.fullsailteam.com.
Charleston commercial real estate pro earns 'power broker' award
Based on a yearly survey, Will Sherrod ranks as one of the most voluminous leasing and sales brokers in the Lowcountry.
Sherrod, of Lee & Associates in Charleston, received a top honor from online commercial real estate information provider CoStar Group. He was named a 2013 CoStar Power Broker.
According to Lee & Associates, the award highlights the achievements of U.S. firms and individual brokers that "closed the highest transaction volumes in commercial property sales or leases in 2013 within their respective markets."
All awards are based on transaction data maintained in CoStar's commercial real estate database. It's considered the largest independently researched database of commercial real estate property information online, according to Lee & Associates.
Sherrod qualified as a leading retail leasing broker in the Charleston market based on the number of transactions he closed during the year.
In order to be chosen, volumes are evaluated against other commercial real estate brokers active in the region. CoStar Group then ranked the top brokers in the market.
"CoStar is proud to honor the firms and brokers who perform at the industry's highest level each year," CoStar Group chief executive Andrew C. Florance says.
"These industry leaders deserve to be recognized for their hard work, expertise and superior deal-making abilities," he says. "We extend our congratulations to Will Sherrod on his hard-earned achievement."
The complete list of 2013 CoStar Power Broker Awards winners can be found at www.CoStarPowerBrokers.com.
Formed in 1987, CoStar Group provides online services that help clients to "analyze, interpret and gain unmatched insight" on commercial property values, market conditions and current availabilities, according to the company.
Through its LoopNet, the company operates "the most heavily trafficked commercial real estate marketplace online with more than 8 million registered members," Lee & Associates says.
For more information, visit www.costargroup.com.
Lee & Associates traces its roots back 34 years. It has 50 locations nationwide in 17 states and employs more than 750 brokers. Additional information is available at www.lee-associates.com.
Johnson joins Century 21 agency in Mount Pleasant
A specialist at jobs that involve working with children has converted to real estate as a new agent east of the Cooper.
Addyson Johnson is based in the Mount Pleasant office of Century 21 Properties Plus.
"We are thrilled to have Addyson join our team," says Tim Rash of Century 21 Properties Plus. "It's an exciting time to be with the Century 21 system as we increase our market presence in Charleston," he says.
After moving to the Charleston area, Johnson became a lead "applied behavior analysis" (ABA) therapist for children with autism before transitioning into working with children in theater and film.
She attended the University of North Carolina at Chapel Hill where she received a bachelor's degree in psychology and dramatic arts.
Johnson has a background in real estate, "having watched her mom work in the business as well as working in leasing herself," the agency says. She is ready to use those experiences to help her own clients with all of their real estate needs, according to Century 21 Properties Plus.
"I couldn't be more excited about working with Century 21 Properties Plus," she says. "I am ready to dive headfirst into this amazing career."
Foreclosure numbers sink in state, nationwide in May
Just 17 homeowners out of every 1,000 in South Carolina face losing their houses for failing to keep up with their mortgage payments, according to CoreLogic.
The Palmetto state ranks 12th out of 24 considered judicial foreclosure states that require cases to go through the courts. The foreclosure inventory, which includes any cases in the pipeline, was 1.7 percent in May.
Completed foreclosures - those where people lose their houses - totaled 9,139 in South Carolina, ranking 7th highest. That was down one spot from a year earlier when there were 12,478 completed foreclosures in the state.
At the same time, the serious delinquency rate involving home loans that are 90 days or more past due was 4.3 percent. The ranking was tied for 13th.
The state's foreclosure totals compare favorably to the U.S. as a whole. Nationally, the foreclosure inventory was 1.7 percent compared with 2.6 percent a year ago, according to Irvine, Calif.-based CoreLogic.
Completed foreclosures totaled 594,945, down from 753,698 a year before. The serious delinquency rate in the U.S. was 4.4 percent.
In May, the number of completed foreclosures nationally dropped 9.4 percent to 47,000 from 52,000 a year earlier. But observers expect the decline to be a one-month aberration. Completed foreclosures rose 3.8 percent in the month from 45,000 in April.
As of May about 660,000 homes in the U.S. were in some stage of foreclosure compared with 1 million a year ago, a 37 percent drop.
"Significant gains have been made in the last year to reduce the foreclosure stock," says Mark Fleming, chief economist for CoreLogic. "Yet, these improvements are occurring disproportionately in non-judicial states," he says.
"The foreclosure inventory in judicial states is averaging 2.1 percent, which is more than twice the 0.9 percent average that is occurring in non-judicial states."
Anand Nallathambi, president and chief executive of CoreLogic, says, "The pace of completed foreclosures slowed in May (from April) but I expect this to be a temporary respite.
There is still much more hard work to do to clear the backlog of foreclosed properties," he says. "Although difficult, we need to continue to aggressively clear distressed homes to ensure the return of a healthy housing market."
The five states with the highest foreclosure inventory share of all mortgaged homes were New Jersey at 5.8 percent; Florida, 5.2 percent; New York, 4.3 percent; Hawaii, 3.1 percent; and Maine at 2.8 percent. States with the lowest foreclosure inventory shares were Alaska, 0.3 percent; Nebraska, North Dakota and Wyoming, all 0.4 percent; and Minnesota, 0.5 percent.
DR Horton launches 'pre-sales' in three new neighborhoods
A major home builder plans to roll out a trio of new communities this week, cloistered in well-appointed Park West in Mount Pleasant.
DR Horton says it intends to open a townhome village and two single-family-home subdivisions.
"We expect these three properties to sell quickly," says Brian Wagner, sales manager. DR Horton's onsite sales team "has been busy accepting reservations before the properties were opened for sale," he says.
The neighborhoods consist of:
- Wyndham Park, a townhome community featuring "innovative designs that maximize living space for owners," according to the builder. Prices start at $259,900 for the 1,781-square-foot two-level dwellings. DR Horton says the townhomes are "priced well for buyers who look to enjoy the first rate amenities offered in Park West and the convenience of a prime Mount Pleasant location."
- Park Place, a preplanned, single-family village offering "well-appointed" homes. They start at $378,900 for 2,643-square-foot houses.
- Cascade, likewise a preplanned single-family neighborhood with prices starting at $378,900 for 2,643-square-foot homes.
According to DR Horton, all three communities sport features such as hardwood floors, cement plank siding, granite kitchen countertops, raised bathroom vanities and tankless water heaters.
The builder has opened a fully decorated model at 2152 Promenade. Visitors are welcome Monday-Saturday 10 a.m.-6 p.m. and Sunday noon-6 p.m. or by appointment.
The communities are minutes from Park West's pools and tennis courts and close to shopping, dining, beaches and historic sites off U.S. Highway 17 and S.C. Highway 41.
For more information, call sales counselors Ali Bring and Michelle Czarnecki at 843-388-3271.
A story in the July 26 edition of The Post and Courier's Real Estate section on the growth in Re/Max offices locally contained an error. The phone number for Re/Max Professional Realty is 843-767-7777. The Post and Courier regrets the error.