Real Estate News - One-time property manager Cole signs on with national real estate franchise; prices of Charleston area houses moderate in summer

The Covington stands out as one of Mungo Homes' new group of houses at White Gables (Provided).

An experienced property manager in the Charleston market has chosen to sell real estate for one of the larger brokerage companies in the U.S.

Century 21 Properties Plus brought on Reba Cole as a sales associate. She will specialize in residential property sales in the Charleston area, the company says.

"I'm so excited to be joining the reputable and well established team of Century 21 Properties Plus," she says. "I look forward to learning from and being a part of a nationally recognized real estate brand."

Cole claims a strong background in property management, having worked for Greystar in Charleston and as the owner of Cole Residential Property Management.

Her educational background includes a bachelor's degree from the American Military University in Charles Town, W.Va., where she studied human resource management.

Cole spent time overseas, and now lives in Summerville with her husband, Billy, and their son, Tucker.

According to Century 21 Properties Plus, she's "looking forward to using her experiences here and abroad to help others."

The cost of houses in the Lowcountry showed moderate gains in early summer from a year ago while dipping from the previous month.

The local year-over-year price increase, while not insignificant, trailed the state and U.S. as a whole.

Specifically, the Charleston-North Charleston metro area posted a 2.8 percent home price increase in June from the identical time period in 2013, according to real estate information company CoreLogic. Area home prices, however, dropped 0.1 percent in June from May.

The June totals are the most recent available for the Charleston area.

By comparison, prices climbed 6 percent year over year in South Carolina and surged 7.5 percent in the U.S. as a whole, according to CoreLogic's Home Price Index report for June. The nationwide home price boost marked 28 straight months of year-over-year gains.

Home prices increased 1 percent in June across the country from the previous month. No month-over-month figures were available for South Carolina.

CoreLogic also computes price changes excluding "distressed sales" such as foreclosed properties and short sales. In Charleston-North Charleston, involving all healthy properties, prices shot up 5.7 percent in June from a year before. They fell 0.2 percent from a month earlier.

Excluding distressed properties, home prices rose 6.9 percent in South Carolina as of June, which represented a tie for 16th highest increase. They gained an identical 6.9 percent nationwide year-over-year and 0.9 percent from the previous month.

"Home price appreciation continued moderating in June with its slight month-over-month increase," says Mark Fleming, chief economist for CoreLogic. "This reversion to normality that we are finally experiencing is expected to continue across the country and should further alleviate concern over diminishing affordability and the risk of another asset bubble," he says.

Meanwhile, CoreLogic came out with its "Home Price Index Forecast" that indicates a 5.7 percent price increase from June to a year from now and a 0.7 percent gain from June to July. Excluding distressed sales, home prices look to escalate 5 percent from this June to June 2015 and 0.6 percent from June to July.

"Home prices are continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West Coasts," said Anand Nallathambi, president and chief executive of CoreLogic.

"The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future," he says.

Scott Peevy looks to boost his skills as a take-charge professional through learning more about local issues, his community and the people who live here.

The commercial agent with NAI Avant has been picked to take part in a Charleston Metro Chamber of Commerce-sponsored program for "current and future leaders."

He will be part of Leadership Charleston's Class of 2015. The organization puts on the 10-month program in order to give business people and others a chance "to enhance their civic knowledge and network in the community through an intensive and up-close look at issues impacting our region."

Peevy, who joined NAI Avant in 2011, was a property manager before becoming a broker in fall 2013. The company says he's an "active member of the office brokerage team," specializing in providing commercial real estate services to landlords and tenants among others.

He earned a bachelor's degree in financial management with an emphasis in real estate from Clemson University.

Founded 48 years ago, NAI Avant has its headquarters in Columbia and an office in Charleston.

For more information, visit or contact David Grubbs, managing principal of the Charleston office, at 843-814-6111 or

New Realtor associates with a major local agency's Dorchester County center grew up many miles from metro Charleston but all have lived here at least a decade.

Inna Aastroem, Rhonda D. Lewis and Lisa Linn West recently chose the Summerville Main Street office of Carolina One Real Estate as home base to pursue careers as agents.

"We are fortunate and excited to have these three dynamic women on our Main Street team," says Chip Reeves, broker in charge.

Aastroem, born in Mariupol, Ukraine, moved to Charleston in 2004. Married to an Air Force veteran, she most recently worked as a dental assistant at Charleston Air Force Base.

She has a psychology degree from Irkutsk State University. Aastroem speaks three languages and has a passion for real estate, historic properties and architecture, according to Carolina One.

Lewis, of Washington, D.C., has lived in Charleston for the past 11 years. The certified nursing assistant studied at the College of Staten Island and Trident Technical College. She previously was employed by Griswold Home Care and Franke at Seaside.

The mother of three children has been interested in real estate for 15 years "and is now pursuing her dream," the agency says.

A native of Duluth, Minn., West has lived in Charleston for 29 years. She spent 20 years managing sales and marketing for ACOSTA, a strategic marketing solutions company.

West, who is married with two children, received her associates degree in marketing from Trident Technical College. She enjoys golf, bowling and boating on Lowcountry waterways.

Celebrating its 50th anniversary this year, Carolina One Real Estate counts 11 real estate offices in metro Charleston. For more information, visit the company website at

An Upstate developer with posh enclaves from Greenville to Asheville, N.C., has launched a corporate events wing and hired a "seasoned pro" as director.

The recent moves by The Cliffs follow a significant restructuring that brought properties together under one umbrella.

"With a strengthened plan for the future under its new, singular ownership, The Cliffs is working not only to build its own business; it's working to build relationships within the business community by opening its venues to host corporate events," the Travelers Rest-based company says.

The Cliffs this summer hired a sales executive and former chief of pro golf's "minor leagues" to oversee major sponsored events.

Brad Skelton secured the post of corporate development manager. He will manage corporate relationships and events held at any of The Cliffs' 21 venues, the company says.

The Cliffs' Main Street office in Greenville will host a "kick-off informational happy hour" in September.

"While The Cliffs has hosted various events, large and small, over the past 20 years, they have each required sponsorship by one or more of our members," says David Sawyer, executive vice president of The Cliffs Clubs.

"We recognize that events are important and can be very influential in the context of business," Sawyer says. "We want to be a partner to the business community in a way that allows us all to benefit. This new program will help us begin to do that in greater ways," he says.

Skelton brings a varied resume that includes stints as sales executive for The Cliffs from 2002 to 2008 to Tournament Director of golf's Nike Tour (now Tour) from 1994 to 1996.

He will be responsible for "cultivating corporate relationships" on the local, regional and national fronts and bringing business professionals to The Cliffs through events services and lodging initiatives among other perks.

"The Cliffs created this position to better serve the corporate community and capitalize on the many opportunities to bring more people to The Cliffs to experience the lifestyle here," Sawyer says.

"Brad's background in sales and marketing, particularly within the industries of luxury real estate, golf and hospitality, make him a great addition to launch this with us."

Sawyer cited achievements of The Cliffs properties, including the newly opened Gary Player signature golf course, event barn and cabin at Mountain Park; a partnership with Hotel Domestique and veteran cyclist George Hincapie; and the group's "deep bench" of catering, food and beverage and hospitality services.

"We feel that our communities are ideally positioned to create exceptional experiences for our private and corporate event clients," Sawyer says.

The Cliffs describes itself as "a collection" of seven premier, private and luxury residential communities in the Blue Ridge Mountains of the western Carolinas.

The properties dot the ridge-filled expanses between "two of the nation's top award-winning cities for quality of life" - Greenville and Asheville, N.C.

The Cliffs' "suite of amenities for members" consists of seven championship golf courses, five wellness centers, 21 restaurant and private event spots, clubhouses, marinas, a beach club, tennis complexes, equestrian center, hiking trails, wine clubs, an organic farm and more than 1,000 year-round social activities. The attractions are set up "to create timeless experiences," the developer says.

House sites at The Cliffs start in price at $100,000 while homes range from $500,000 to $4 million.

For more information, visit or call 866-411-5771.

This neighborhood of Charleston-style single homes will soon see its latest group of distinguished houses framed by an "award winning" South Carolina builder.

"Three minutes from downtown Summerville, you'll find White Gables; Mungo Homes' newest venture into affordable southern living," marketing agent Carolina One New Homes notes. The community is "totally reminiscent of the charm and style of the Lowcountry."

Mungo Homes plans to build two- and three-story Charleston-style single homes starting in the $180,000s in price and ranging in size from 1,761 to more than 2,400 square feet, Carolina One New Homes says.

Home designs showcase open floor plans touting three bedrooms, two and half baths, "inviting" porches and optional third floor bonus rooms.

Moreover, the Mungo Homes offerings are "hauSmart" certified. According to Carolina One, the designation ensures that every home built is "on the cutting edge of efficiency, affordability and convenience, while employing the most progressive construction techniques available."

The homes are more cost-efficient to operate and provide "many comfort features and a healthier home environment to make your busy life easier," the sales and marketing team says.

Special features in all the homes include Rinnai tankless water heaters for "endless hot water."

Mungo Homes gives homebuyers the choice of four "exciting" new floor plans. Purchasers can also select from options and upgrades "to personalize" their homes.

White Gables, a three time "Parade of Homes" winner, serves up community amenities such as swimming pools, tennis courts, walking and jogging trails, open green spaces and boat and RV storage, Carolina One New Homes points out.

The builder and sales partner are offering buying incentives now that include a 2 percent discount for active and retired military.

Mungo Homes plans to open two "field" models in late August and three more houses in November. To learn more, call site agent Shane Ford at 843-270-2158 or email him at

Marking its 20th year, Charleston-based Carolina One New Homes represents more than 25 new home neighborhoods. The entity, which bills itself as "the leader in marketing and sales for new-home communities in the metro Charleston area," is a division of 50-year-old Carolina One Real Estate.

For more information, visit