2022 February

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WITH SOUTHEASTERN RESIDENTIAL

february NEWSLETTER 2022

STATE MARKET UPDATES - GA & SC MARKET STATS JAN 2022 FEBRUARY HOME MAINTENANCE TIPS 7 WAYS TO MAKE BUYERS FALL IN LOVE WITH YOUR HOME NEW HOME SPOTLIGHT SOUTHEASTERN RESOURCES

Current Market Stats SOLD

ACTIVE LISTINGS

UNDER CONTRACT

SOLD LISTINGS JAN

AVG. LIST PRICE

AVG. SALE PRICE

AVG. DAYS ON MARKET

659

1,801

661

$285,620

$280,537

91

STATE MARKET UPDATE GEORGIA January 2022 Recap GEORGIA ASSOCIATION OF REALTORS

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.

For many buyers, 2022 marks a new opportunity to make their home purchase dreams a reality. But it won’t be without its challenges. Inventory of existing homes was at 910,000 at the start of the new year, the lowest level recorded since 1999, according to the National Association of REALTORS®, and competition remains fierce. Affordability continues to decline, as inflation, soaring sales prices, and surging mortgage interest rates reduce purchasing power. The sudden increase in rates and home prices means buyers are paying significantly more per month compared to this time last year, which may cause sales to slow as more buyers become priced out of the market.

- New Listings in the state of Georgia decreased 5.2% to 12,815 - Inventory decreased 21.3% to 15,443 - Median Sales Price increased 19.7% from $260,000 to $311,295 - Days on Market decreased 17.1% to 34 days - Months Supply of Inventory decreased 21.4% to 1.1 months

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January 2022 Recap GEORGIA ASSOCIATION OF REALTORS

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STATE MARKET UPDATE January 2022 Recap PROVIDED BY SOUTH CAROLINA REALTORS®. REPORT © 2021 SHOWINGTIME

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.

For many buyers, 2022 marks a new opportunity to make their home purchase dreams a reality.

But it won’t be without its challenges. Inventory of existing homes was at 910,000 at the start of the new year, the lowest level recorded since 1999, according to the National Association of REALTORS®, and competition remains fierce.

Affordability continues to decline, as inflation, soaring sales prices, and surging mortgage interest rates reduce purchasing power. The sudden increase in rates and home prices means buyers are paying significantly more per month compared to this time last year, which may cause sales to slow as more buyers become priced out of the market.

SC - New Listings were down 13.6% to 242 - Pending Sales increased 3.8% to 300 - Inventory shrank 26.9% to 533 units - Prices moved higher as Median Sales Price was up 22.9% to $258,053 - Days on Market decreased 13.3% to 98 days - Months Supply of Inventory was down 39.3% to 1.7 months, indicating that demand increased relative to supply

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January 2022 Recap PROVIDED BY SOUTH CAROLINA REALTORS®. REPORT © 2021 SHOWINGTIME

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Since Augusta, Georgia is home to Fort Gordon Military Base, the Cyber Command Center and world renowned Educational and Medical Institutions, we want to show our appreciation for your service to our community and the work you do.

This rebate program is for buyers and sellers and honors the following: Active, Former, Retired, and Immediate Family of Military Active Teachers | Active First Responders | Active Healthcare When you buy or sell a home through Southeastern's Circle of Courage Program, you’ll receive a credit based on the actual sales price and you’ll receive your rebate at closing!

Please consult with Southeastern Residential to determine your eligibility.

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EMPLOYEE RELOCATION

BY CAREY MILLER PIFER

We are a full service brokerage, offering buyer and seller representation. Our agents are experts in new home construction, resale homes, and land. We are proud to service Georgia and South Carolina.

Through our relocation department, we partner with your business to help make the hiring and onboarding for your employees seamless. You can focus on selling your company and the job and we will help sell the area!

When you have recruits visiting, we can provide a tour of the area and help familiarize them with the market.

Think of us as your real estate resource!

FEBRUARY HOME MAINTENANCE

CLEAN YOUR OVEN & COOKTOP DEEP CLEAN REFRIGERATOR CLEAN YOUR DISHWASHER CLEAN YOUR WASHER VACUUM THE LINT FROM DRYER REPLACE YOUR HVAC FILTERS

When winter hits, it is always a good idea to focus your home maintenance efforts inside.

Give those home appliances some extra love this month with some deep cleaning.

livingLOCAL STAY AT HOME FUN IN AUGUSTA, GA

●Columbia County Performing Arts Center ● Bell Auditorium Concerts ● Augusta Canal Discovery Center ● Augusta Museum of History

● Phinizy Swamp Nature Park ● Savannah Rapids Park ● SRP Park ● Morris Museum of A

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WAYS TO MAKE BUYERS FALL IN

1 2 3

4 5 6

love

WITH YOUR HOME

BOOST YOUR CURB APPEAL Spruce up the yard, address any repairs, add fragrant flowers, paint the front door, and add a fresh door mat MAKE AN ENTRANCE First impressions are everything! Clear your entryway and foyer of clutter, keep the space open and spacious, update lighting, and add a mirror in smaller spaces.

REMOVE CLUTTER Buyers want a home with space so maximize your space by minimizing your things. Remove excess furniture, clear out storage spaces and closets, and reduce visual clutter. Go through each room and decide what you need and use and what you need to get rid of.

Other items that you need to keep but that you can live without store in a storage unit for a while.

IMPRESS WITH PAINT Many underestimate what a little paint can do for a home. A fresh coat of paint can make your home appear more light, bright, clean and open.

CREATE SOME SPACE Buyers want a home that has room for their things, so it is important to not have cabinets and closets full to the brim.

LET THE SUNSHINE IN Buyers love natural lighting in a home. Make use of your home’s natural light so you can turn it into a key selling point. Make sure the windows are clean, and blinds are open. utilize white and lighter-colored duvet covers and pillows that will reflect the light, utilize mirrors to reflect the natural light, and utilize accent lighting when appropriate.

WE ARE EXPERTS ON THE TOOLS THAT LET YOU SEARCH ON YOUR TERMS! Most consumers begin their real estate home search online on poplar websites such as Zillow or Realtor.com. Our company has partnered with both of the companies to enhance the search capabilities for our clients. We provided our clients with powerful home search tools to help them find their dream home. Our home search solutions are fully integrated with different devices and can be easily downloaded to your mobile device.

SOME OF OUR SEARCH CAPABILITIES INCLUDE:

Search by Area, Address, Zip, & County

Search By Price

Search by School Zone

Search by Beds, Baths & SqFt

Search by Interactive Map

Search Pending or Sold Properties

NEW HOME COMMUNITIES Southeastern Residential represents multiple new home communities in the Augusta and Charleston markets.

Each community is carefully planned to provide residents with unique amenities and long term value. We carefully select the right builders for our communities that share our commitment to quality.

New Home SPOTLIGHT Homes starting in the High 400s.

Sneak Peek of Current Inventory

205 Cardinal Court

4 Bedrooms | 3.5 Baths | 2946 SqFt Lot 7 | IDK Homes List Price: $471,360

3078 Rosewood Drive

5 Bedrooms | 4.5 Baths | 3435 SqFt Lot 27 | PDH Homebuilders List Price: $554,900

COLUMBIA COUNTY'S NEWEST AMENITY - RICH NEIGHBORHOOD

Our Local Homebuilders

PDH

HOMEBUILDERS

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