Rob Reichel's (robreichel) Blog

Why Buy In A Recession? Brief Island History There have been 11 recessions since 1907 each lasting anywhere from 1 year to 3 years except during the Great Depression of 1929-1939.  More recently in the Low Country we have seen 4 price declines since 1990 with the following reasons for their price...

Brief Island History There have been 11 recessions since 1907 each lasting anywhere from 1 year to 3 years except during the Great Depression of 1929-1939.  More recently in the Low Country we have seen 4 price declines since 1990 with the following reasons for their price adjustments. Even with ...

Current Trends As we compare the year end numbers of 2008 with 2007, our sales activity remains off in Sea Pines but mixed throughout the island.  Unit sales of homes are down 20% with 134 houses sold in 2008.  Days on the market have jumped 8% to 161 before a property sells and current inventory...

Positive Trends As we compare the first 4 months of 2008 with the same period in 2007 our sales are down.  Home activity island wide is off 12% with 511 homes sold so far this year averaging 138 days on the market.  Villa sales are down 38% to 146 sold with the average time to sell a villa increa...