Newsletters

November 2010

4th Quarter 2010

Residential

A Note from Chauncey Clark:

Unless you’ve been living under a rock, in a cave, in the dark, you have probably heard it’s been a interesting year in the residential market. But despite all the doom and gloom, a lot of our clients are finding opportunity. With the right broker on your side, this can be a great time to take advantage:

- Money is cheap - Whether you’re a first time buyer, or an investor it’s time to start looking how the numbers look for you. The buying power right now is amazing.

- Deals can be made - Especially if you’re willing to play a little hardball, negotiating a deal on that house you thought was out of your reach may be worth your while.

- A lot to choose from - Although national inventory is lower than it was this time last year, it’s still a buyer’s market for choice.

- Real Estate is still a good investment - Buying a primary home, second home or cash-flowing investment property is still a good play long term.

Bottom line: Get out there and see what this market has to offer.

Featured Articles:
The Retreat at Beresford Creek was featured in Clemson University Restoration Institute’s wind turbine testing facility and Boeing’s Dreamliner facility , the Lowcountry should continue to project lower unemployment rates than the rest of the State, and thus continuing the demand for new Multifamily Development as well as the Redevelopment of existing Apartment Communities.

The Peninsula Co., LLC is a full service real estate brokerage, development and asset management company in Charleston, South Carolina.

With experience in projects ranging from residential purchase and listing, historic condominium conversions, residential investment properties, commercial development in the retail, multifamily and office sectors and land acquisition and development, our company has the capacity to take on many projects. Our group is comprised of team members with a multitude of strengths to ensure quality and maximum financial return for our clients.

The Peninsula Company
17 Princess Street
Charleston, SC 29401
843-723-9945
info@thepeninsulaco.com
www.thepeninsulaco.com

FEATURED PROPERTIES

July 2010

3rd Quarter 2010

Residential

A Note from Chauncey Clark:

Now just over half-way through 2010, looking back it’s been a much busier 1^st and 2^nd Quarter than initially anticipated. The market is still holding strong in the Charleston area, driven by the desirable lifestyle, continued growth of population (U.S. Census Bureau ranks Charleston as 46th fastest-growing major city), overall economic development for large companies (Boeing) and small business (Charleston ranked #4 in nation for small business). In addition more realistic seller pricing, growing buyer confidence and improved financing conditions, are continuing to yield percentages much better than the national average. Locally, compared to the first half of 2009 we have seen a 22% increase in sales under the $1M range, and an 18% increase above $1M.

Additional residential note----The gulf oil spill has seemed to really boost rentals in our areas beaches. We are still seeing good deals for investment properties at the local beach areas and are even seeing some newer beach properties that will cover a mortgage with existing rental income.

Commercial

A Note from Sean Litton:

Charleston has continued to get positive publicity which has driven many more investors to our area from all over the country. The Charleston market has been working through a lot of its trouble assets and it seems to be stabilizing. Throughout the Southeast, cap rates continue to trend downward as there appears to be a lot of both institutional and private capital chasing class A stable deals. Distressed assets are also seeing a lot of attention, however, there still seems to be a disconnect as to what the “vultures” will pay and most banks/developers are willing to take. It is our belief that purchasing debt from the financial institutions will be the best way to bridge this gap for at least the next few quarters.

Development

The Retreat At Beresford now has 4 active builders in the community which is a reflection that fair priced, well located properties are moving. The Retreat is an 83 lot subdivision off Clements Ferry Rd. in the Daniel Island school district within a mile of 526. The Peninsula Company has even had success with presales for one of the builders, Cline Homes. It’s great to see the area picking up more momentum.

The Peninsula Co., LLC is a full service real estate brokerage, development and asset management company in Charleston, South Carolina.

The Peninsula Company
17 Princess Street
Charleston, SC 29401
843-723-9945
info@thepeninsulaco.com
www.thepeninsulaco.com

FEATURED PROPERTIES

April 2010

Issue Two | 2nd Quarter 2010

Thank you

Thank you to all of you for your business in 2009 and your continued support in 2010. We will be sending out newsletters periodically that will highlight different areas the real estate industry. Already the first quarter of 2010 has shown a vast improvement over the first quarter of 2009, and it's shaping up to be a good year.

Residential

We had a great first quarter in Charleston. A lot of the local sales are sub $450k, however, downtown has seen a recent pick up in activity between $1MM and $2MM. We have also been rated a top 5 recovering residential market. Rates are still low and we are still seeing activity from the expansion of the home buyer credit. Contact us today for more information on how we might help you in your search for that perfect property.

Commercial

A special thanks to Gwinnett Prado LP. Sean Litton represented them with the acquisition and lease back of the new Piggly Wiggly on Meeting Street in downtown Charleston.

Locally we have seen cap rates settling, however, with the recent announcements of more suppliers and support companies moving to town we anticipate seeing more commercial activity and groups looking to take advantage of this big wave of activity. We also anticipate many more opportunities to arise in the Southeast, as there is $1.4 Trillion in commercial real estate debt expiring over the next 4 years.

Development

The larger homebuilders are contracting existing lots, so we anticipate a window for lot providers to come back into the Charleston market. As a compliment to this recent activity, Builder magazine just released its list of the 20 healthiest housing markets for 2010:

1. Austin-Round Rock, Texas

2. Raleigh-Cary, N.C.

3. Charlotte-Gastonia-Concord, N.C. (This region spills over into South Carolina.)

4. San Antonio

5. Charleston-North Charleston-Summerville

6. Denver-Aurora-Broomfield, Colo.

7. Huntsville, Ala.

8. Washington-Arlington-Alexandria, D.C., Va., Md., W.V.

9. Durham-Chapel Hill, N.C.

10. Eugene-Springfield, Oregon

11. Dallas-Fort Worth-Arlington, Texas

12. Richmond, Va.

13. Minneapolis-St. Paul-Bloomington, Minn., Wis.

14. Colorado Springs, Colo.

15. Myrtle Beach-North Myrtle Beach-Conway

16. Portland-Vancouver-Beaverton, Ore., Wash.

17. Wilmington, N.C.

18. Houston-Sugar Land-Baytown, Texas

19. Greenville-Mauldin-Easley

20. Des Moines-West Des Moines, Iowa

The Peninsula Co., LLC is a full service real estate brokerage, development and asset management company in Charleston, South Carolina.

The Peninsula Company
17 Princess Street
Charleston, SC 29401
843-723-9945
info@thepeninsulaco.com
www.thepeninsulaco.com

FEATURED PROPERTIES

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The Peninsula Company Real Estate