Real Estate News — East Cooper townhomes gain marketer; ‘signature’ properties firm lands new agent

Julia Cunningham (Photo provided).

• Royal Palms multifamily neighborhood brokered by Carolina One •

Open surroundings, interior perks and comparatively low prices are being touted for a new townhome community in “central” Mount Pleasant.

The complex is Royal Palms of Mount Pleasant, off U.S. Highway 17 North across from S.C. Highway 41.

Carolina One New Homes is marketing the property, which is described as affordable and luxurious.

Royal Palms of Mount Pleasant showcases three models, the Imperial, Regal and Sovereign. The two-level townhomes range in size from 1,800-to-2,500 square feet and are priced from the low $200,000s, says Julia Cunningham, site agent with Carolina One New Homes.

“There is nowhere is Mount Pleasant where you can get this amount of square footage for $105 a foot,” she says.

The townhome village is surrounded by acres of oaks, palm trees and lush landscaping, according to the real estate marketer. Features inside include spacious bedrooms, bathrooms and closets as well as modern stainless steel appliances and granite countertops.

“For nature lovers we’ll have plenty of green space,” Cunningham says. “The developers are planning an open air pavilion and other amenities to complement the community.”

For more information, contact Cunningham at 843-864-9111 or by email at

• Barr joins East Cooper-based real estate firm •

Places Real Estate has added a professional associate with more than 17 years expertise in varied aspects of home buying and sales.

Jodi Barr recently signed on with Places, which specializes in top-flight residences in the Mount Pleasant, West Ashley and downtown Charleston markets as well as island properties east of the Cooper.

The Mount Pleasant native started in the real estate field in 1995. According to Places Real Estate, she has brought experience and knowledge to her range of accomplishments from sales and marketing to residential construction projects.

“We are excited to have Jodi join our team. In addition to her experience in sales and management, Jodi has a good understanding of the key properties and markets in her hometown,” says Chris Anderson, broker-in-charge of Places Real Estate. The company, founded by a team of experienced Realtors, is located at 400 Hibben Street in Mount Pleasant’s Old Village.

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• Analytical firm: Local foreclosure, loan delinquency rates mixed •

The share of metro Charleston homes in foreclosure climbed somewhat in July from a year earlier — but stayed below last fall’s peak figures.

At the same time, delinquent loans continued to drop as a share of all mortgages locally.

Foreclosures as a rate of mortgages rose 0.37 percentage points in July to 3.74 percent. The rate compared with 3.37 percent a year before. The figures, according to national information company CoreLogic, were the most recent available.

While the foreclosure rate ticked up in July from a year ago, it remained below the two-year peak of 4.06 percent reached last October.

Simultaneously, loans in greater Charleston that were 90 days or more past due tumbled in July to 6.68 percent of all mortgages, off 0.26 percentage points from 6.94 percent a year earlier and well below the two-year high of 7.49 percent established in February 2010.

Greater Charleston, meanwhile, continued to post a higher foreclosure rate than those of South Carolina and the U.S. rate, while its delinquent loan rate placed between the state and nation.

The South Carolina foreclosure share was 3.42 percent of all loans in July, while the U.S. share was 3.25 percent. Comparative totals for 2011 were not available.

The delinquent loan rate in South Carolina was 6.47 percent in July, up somewhat from 6.23 percent a year earlier, according to CoreLogic. The U.S. rate was 7.23 percent, a jump from 6.71 percent a year ago.

Just as the local July figures were coming out, CoreLogic revealed nation and state (but not local) foreclosure totals for August.

About 1.3 million homes, or 3.2 percent of all homes with a mortgage, were in the national foreclosure inventory as of August, compared with 1.4 million, or 3.4 percent, a year ago.

“The continuing downward trend in foreclosures and a gradual clearing of the shadow inventory are important signals that the recovery in housing is gaining traction,” says Anand Nallathambi, president and chief executive of CoreLogic.

“August marks the fourth month in a row there were fewer completed foreclosures, which is more evidence that the housing industry is finding its footing,” says Mark Fleming, chief economist for CoreLogic.

Florida had the highest inventory of foreclosures as a share of all mortgages at 11 percent, while Wyoming posted the lowest at 0.5 percent.

South Carolina’s inventory was 3.4 percent, among the higher rates nationwide. But it was off 0.1 percentage point from a year before and was just 0.2 percentage points higher than the U.S. as a whole.

• Two national homebuilders kick off construction at Carolina Park •

A long-awaited planned village in Mount Pleasant’s upper reaches has brought on its first builders, its developer has disclosed.

Ryland Homes and David Weekley Homes have come onboard at the Carolina Park master-designed community, according to Carolina Park Development LLC.

“We’re really thrilled to be sharing this news,” says Brian Keels, asset manager and marketing director at Carolina Park. “These are two outstanding builders with track records of success and excellence,” he says.

“Having both of these builders on board is very exciting, and we expect it will create an overall offering that’s very attractive to homebuyers in the Charleston area,” Keels says.

Carolina Park is a 1,700-acre family oriented mixed-use residential and commercial neighborhood off U.S. Highway 17 in Mount Pleasant.

The property incorporates Wando High School and Roper St. Francis Mount Pleasant Hospital. Carolina Park eventually will become home to more than 1,700 families, the developer says.

New homes expect to start in price in the low $300,000s.

“We are happy to bring our newly redesigned Saltwater series homes to Carolina Park this year,” says Don McDonough, divisions president with Ryland Homes.

“These exceptional designs were developed by local architects to bring Lowcountry style to buyers seeking high quality and attention to detail,” he says.

The builder’s Our HouseWorks program “will ensure that customers have energy efficient features and the very best construction,” McDonough says.

Bryan Booth, of David Weekley Homes, says the company has had the “good fortune” to build new homes in hundreds of communities across America.

“In bringing our proven skills and service to a community the caliber of Carolina Park, we’re confident we’ll be able to offer Mount Pleasant families award-winning floor plans and literally thousands of design options,” he says.

The neighborhood’s location and proximity to conveniences and amenities “is a huge plus for us,” Keels says. “We believe our timing is perfect.”

He says that Ryland’s and David Weekley’s significant commitments to build at Carolina Park “speak volumes about the opportunity we’re bringing to homebuyers in Mount Pleasant.”

Carolina Park is a team of residential and commercial development professionals working to fulfill the “original vision” of founder Ben Marino. His intent was to create “a remarkable place to live and work, with outstanding schools, churches, shopping and recreational amenities no more than a walk or a bike ride away from every resident’s door,” according to the developer.

The builders each have constructed hundreds of homes in the Charleston area.

David Weekley Homes, launched in Texas in 1976 and now the third largest privately-held builder, has framed more than 65,000 homes in 16 cities nationwide. Its honors include winning the National Housing Quality Award.

Started more than four decades ago, California-based Ryland Homes is noted for a commitment to customer satisfaction, attractive neighborhoods and livable designs at affordable prices.

• Soccer enthusiast teams up with Carolina One •

Daniel Carabus grew up playing soccer in Bucharest, Romania. He still plays today, but in greater Charleston — where his job is as real estate agent.

He recently joined Carolina One Real Estate in its Coleman Boulevard office.

“Daniel’s diverse experiences, international background and extensive education make him a rare find in the local real estate market,” says Dave Sansom, manager of the Coleman Boulevard office for Carolina One.

After graduating from the University of Bucharest with degrees in Political Science and Christian Orthodox Theology, Carabus moved to Charleston as youth director at the Greek Orthodox Church.

He plays on local soccer teams while refereeing youth and adult soccer.

Carabus and his wife Andrea enjoy traveling. They have one daughter, Victoria, and are expecting a son in November.

Carolina One Real Estate handles more than 32 percent of residential sales transactions in metro Charleston as of Sept. 30, the company says. The 11-office agency has a full service mortgage division and departments specializing in relocation, new homes, insurance, commercial real estate, property management, resort rentals and title services.

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