Real Estate News — Associate ‘returns home’ to join local agency; foreclosures continue to plummet in South Carolina and nation

Darrell Waring (Provided).

A former Hanahan resident with ample experience in the real estate business has signed on with the Dorchester County office of a national agency network.

Darrell Waring will be an agent with Century 21 Properties Plus. He boasts seven years background in the real estate field.

The company welcomes Waring to the Summerville office.

“We are so pleased to announce that Darrell will be joining our team,” says Tim Rash, broker-in-charge of Century 21 Properties Plus. “We believe his experience will greatly enhance the services we provide to our customers in the Charleston area.”

Waring spent the past five years working for Century 21 The Moore Group in Orangeburg and is now returning home, according to the agency.

A Charleston native, Waring grew up in Hanahan.

“It’s an honor and privilege to be a member of such a dynamic team of real estate professionals and a highly regarded real estate company,” he says.

South Carolina saw its foreclosure inventory sink to 1.5 percent as of November, which was down 0.8 percent from 2.3 percent a year earlier.

At the same time, South Carolina dipped a place to ninth highest in completed foreclosures among the 24 “judicial foreclosure” states in which cases are handled through the courts. The Palmetto state counted 8,671 completed foreclosures in the past year, off significantly from 11,751 a year ago. That’s according to CoreLogic property information firm, which compiled the monthly foreclosure report. New York edged into eighth place in the past month.

Also, the serious delinquency rate in South Carolina was 3.9 percent, well off the highest mark of 8.9 percent set by New Jersey.

CoreLogic’s findings were part of its National Foreclosure Report for November.

Elsewhere, the company says there were 41,000 “completed” foreclosures in the month, down 9.6 percent from 46,000 a year earlier and off 12.6 percent from 47,000 in October.

Completed foreclosures “are an indication of the total number of homes actually lost to foreclosure,” according to CoreLogic.

Separately, about 567,000 homes in the U.S. “were in some stage of foreclosure” — known as the foreclosure inventory. The total is off 35.5 percent from 880,000 a year ago and marked 37 consecutive months of year-over-year declines, CoreLogic says.

The foreclosure inventory as of November accounted for 1.5 percent of all homes with a mortgage, compared with 2.2 percent a year before. CoreLogic says the November rate is the lowest inventory level since March 2008.

“The foreclosure rate fell in every state, with only the District of Columbia seeing a small increase,” says Molly Boesel, senior economist. “However, some states still have foreclosure rates of more than twice the national rate,” she says. “While the national level of foreclosures may normalize in the next two years, there will always be the potential for some pockets of distress in the mortgage market.”

Meanwhile, the national serious delinquency rate was 4 percent in November, the lowest rate since June 2008.

The five states with the highest number of completed foreclosures for the past 12 months were Florida, 118,000; Michigan, 50,000; Texas, 36,000; California, 29,000; and Ohio, 29,000.

Four states and the District of Columbia posted the highest foreclosure inventory as a share of all mortgaged homes. They consist of New Jersey, 5.3 percent; New York, 4.1 percent; Florida, 3.9 percent; Hawaii, 2.8 percent; and D.C., 2.4 percent.

Anand Nallathambi, president and chief executive of CoreLogic, says the number of completed foreclosures over the past 12 months — just under 575,000 — was at the lowest level in seven years.

“This month’s figure of 41,000 foreclosures is in line with levels experienced in the second half of 2007, which was the very beginning of the housing crisis,” he says.

“At current foreclosure rates, we expect to see the foreclosure inventory in the U.S. to drop below 500,000 homes sometime in the first quarter of , which would be another milestone in the healing of the housing market.”

Having logged 42 years as a Realtor, an agent with Carolina One Real Estate has been tapped to lead an organization made up of top associates east of the Cooper.

Timm W. Gipe, a Realtor Associate with the agency’s Mount Pleasant Coleman Boulevard office, has been elected president of the East Cooper Top Producers Club.

A licensed Realtor since 1973, Gipe served as president of the Charleston Trident Association of Realtors in 1983. He was honored in 2013 as Realtor Emeritus by the National Association of Realtors.

Gipe and daughter Sarah own and operate Gipe Real Estate Partners. He is also a Carolina One Lifetime Achievement Award recipient.

The East Cooper Top Producers Club is made up of Realtors who show top standards of real estate excellence and being well informed on current government impacting the local community. Also, the club provides scholarships to deserving Wando High School students and contributes to local charities.

Other elected officers consist of Barbara McCullough of ReMax Pro Real Estate as vice president; Steve Kaul of Carolina One Real Estate as treasurer; Faye Merritt of Carolina One Real Estate as secretary; Sally Castengera of Daniel Island Real Estate as chaplain; Joanne Harwell of Coldwell Banker United, Realtors as charities chair; and Kay Kennerty of AgentOwned Realty as program chair.

An eight-page spread in a national magazine highlights Regina Garcia Design LLC.

The interior design firm is located at 549 Rutledge Ave. in Charleston. Regina Garcia is principal designer.

The feature story appears in Better Homes and Gardens, Winter 2014 Kitchen and Bath Ideas issue. It’s on the newsstands now, according to Regina Garcia Design.

For more information, visit www.reginagarciadesign.com or www.reginagarciadesigncabinetstudio.com.

Hector Santiago excelled as an Air Force sergeant and then as a professional in the information technology field. Now, he’s bringing those skills to Century 21 Properties Plus.

The company welcomes Santiago as sales associate. He will specialize in residential property transactions in the Charleston area, according to Century 21.

Santiago has an extensive background in the IT field, the real estate agency notes. He began his career as an information technology manager for Cap Gemini Ernst & Young and then First Consulting Group. His most recent position was for C & S Premier Services Co. LLC as company president for the New York and New Jersey metro locations.

Within these positions, Santiago negotiated property leases, handled property consolidation and dealt with vendor contracts and services, Century 21 Properties Plus says.

Santiago also honorably served as a sergeant in the U.S. Air Force.

All the experience now keeps Santiago focused on helping clients with their real estate needs, the agency points out.

“I cannot tell you how pleased I am to be joining the Century 21 Properties Plus organization,” Santiago says. “Success starts with the Century 21 Properties Plus brand. It is essential that I provide a unique customer experience by exceeding my customer’s needs and expectations,” he says.

“As a Realtor I will leverage Century 21’s real estate strategies and tools to deliver the highest level of customer satisfaction, every time.”

Charleston area residents and readers chose a national new-home builder as tops in its field locally.

David Weekley Homes won Best Custom Builder and Best Volume Builder as part of Mount Pleasant Magazine’s Best of 2015 edition.

The Best of 2015 list consists of businesses, places and people that make the Mount Pleasant area a great place to live, work and play, according to David Weekley Homes.

Magazine readers and area residents made the selections. Nearly 37,000 votes were tallied in more than 140 categories to compile the list, David Weekley says.

The builder says its houses in South Carolina are “energy-efficient, EnergySaver homes backed by the Environments for Living Program’s heating and cooling energy usage guarantee.” Homebuyers can choose from a host of custom choices at the company’s Charleston design center to give their David Weekley home a personal touch, the company says.

David Weekley Homes, which describes itself as the nation’s largest privately-held home builder, frames houses in Charleston, Goose Creek, Mount Pleasant and Moncks Corner.

Founded in 1976, the Houston-based company operates in 19 cities across the U.S. David Weekley Homes says it has closed on more than 75,000 homes in the past 38 years.

For more information on David Weekley Homes in Charleston, visit www.davidweekleyhomes.com or call 800-399-7079.

A new Kiawah River neighborhood crafted with Leadership in Energy and Environmental Design-certified homes landed its first sale this month.

Dyal Compass LLC developed the neighborhood, called Indigo Park. The property is on Kiawah Island.

Dyal Compass is a real estate development group led by longtime Kiawah property owner and green building visionary Candace Dyal, who “set the trend of building environmental LEED homes on Kiawah Island.”

Kiawah Island Real Estate and Daniel Ravenel Sotheby’s International Realty formed a partnership to handle sales and marketing at Indigo Park.

According to the real estate pair, Dyal’s group transformed a property from an undeveloped parcel to a luxury enclave of 16 homes. The properties were built to top-notch design standards using the most environmentally-sensitive materials, the marketing partners say.

The first sale was a five bedroom, five-a-half-bath home on marshes of the Kiawah River. It went for the full asking price of $2,515,000, according to Daniel Ravenel SIR and Kiawah Island Real Estate.

“As more consumers understand and appreciate the philosophy of environmentally sensitive building, communities will benefit from projects like Indigo Park where patience and commitment to sustainable, high quality design principles are paramount, says Candace Dyal, president of Dyal Compass LLC. “This is a trend that has spread across America and Europe,” she says.

In launching the Indigo Park neighborhood, Dyal Compass built several homes in a variety of floor plans that show the quality and innovation of green building materials, according to the sales partners.

Indigo Park has four completed homes with three-to-five-bedroom designs and certified-LEED (Leadership in Energy and Environmental Design).

A home underway there is a “Palmetto” floor plan featuring five bedrooms and boasting a 20- by 40-foot geothermal pool on the oversized deck. The home is steps from a community park, according to Kiawah Island Real Estate and Daniel Ravenel SIR. “Your best memories await you as you entertain with these amazing views,” they say.

The next model to be constructed would be the Camellia. It would anchor Indigo Park with a cutting edge four bedroom design.

Indigo Park stands as Kiawah Island’s only LEED-certified neighborhood, the marketing partners say.

Dyal Compass says it’s committed to sustainable, green building designs that require less impact on the environment. Utility costs savings are an an added bonus. With Indigo Park, the company proved to be a trendsetter in the growing green building movement on Kiawah Island.

Dyal Compass LLC says it’s a real estate development company that collaborates with a “world-class” team of architects and builders to create high-end luxury homes focused on LEED and “passive home” accreditation.

The New York-based company says it takes pride in developing “responsible living practices with a conscience.” The goal is to design, develop and deliver properties for those clients who value green building practices with environmental awareness and conservation, it says.

Daniel Ravenel SIR has served the Lowcountry for more than 30 years and closed more than $1.5 billion in real estate sales.

Joining the Sotheby’s International Realty brand in 2007, the company has taken its local market expertise and expanded into the international arena “through a close partnership with the Sotheby’s Auction House and a powerful referral network across affiliate offices worldwide,” it says. The Sotheby’s International Realty network has more than 15,000 independent sales associates in 720 offices worldwide.

For more information, visit Daniel Ravenel Sotheby’s International Realty at 33 Broad St. in downtown Charleston or go to www.DanielRavenelSIR.com.