Half dozen agents sign on with Carolina One Real Estate
Inland offices of a major Charleston area brokerage snagged a new group of real estate pros.
Timothy Wright, Michael Harris, Nevja Smalls Wigfall, Christina Foster, Sabrina Whatley and Dena Marie Drislan all recently placed their real estate licenses with Carolina One Real Estate Services, the agency says.
Wright, a Virginia Tech graduate, counts three years of experience as a residential real estate appraiser. Born in Martinsville, Va., he moved to the Summerville area in the past several months. He will be based in Carolina One’s Summerville Trolley Road office.
Not far away, Michael Harris and Nevja Smalls Wigfall will be centered in the Summerville Main Street office of Carolina One. Harris, a Navy veteran, worked for several years with Scientific Research Corp. Born in Raleigh, N.C., he now lives in Summerville with his wife Gena.
Wigfall, meanwhile, holds a master’s degree in business management and leadership from Webster University. She previously was a litigation paralegal and a college instructor.
The Carolina One Goose Creek office on Crowfield Boulevard added three agents — Foster, Whatley and Drislan.
Foster carries a master’s degree in management from Indiana Wesleyan University. She also possesses “extensive” credit union experience in Indiana and California and was a consultant for restaurant chain Chick-fil-A.
Whatley, an Orangeburg native, is a veteran of the commercial design and furniture manufacturing industries. She grew up in Charleston and graduated from Anderson University with a concentration in interior design.
A Higher Order Multiples nanny for two decades, Drislan graduated from Wichita State University School of Music. She and her husband John have resided in Charleston for the past 17 years.
Carolina One Real Estate Services, which calls itself metro Charleston’s “real estate market leader,” tallies 11 sales offices, a mortgage division and departments focusing on insurance, new homes, relocation, commercial real estate, property management, vacation rentals and title services.
The company turned 50 years old in 2014. Visit www.carolinaone.com.
Loy joins Berkshire Hathaway Carolina Sun real estate
A background in marketing and public relations should prove helpful to Melissa Loy in her career, according to the agency she joined.
She is a Realtor with Berkshire Hathaway HomeServices Carolina Sun Real Estate.
Loy has “a passion for living in the Charleston area,” having resided in Mount Pleasant for the past 13 years, the company says.
A South Carolina native, Loy grew up in Tega Cay near Charlotte. Her father worked as a general contractor and licensed home inspector, and her mother was a kitchen designer and wood crafter.
The College of Charleston graduate counts eight years’ experience in public relations, media marketing and sales. As a result, she’s met scores of Charlestonians.
In her free time, Loy enjoys going to the beach with her daughter, Lilly, husband Jason and, oftentimes, her two rescue dogs, Jack and Katie.
Broker helps set up lease that leads carpentry business to city
A recent commercial real estate transaction played a role in steering a high-end woodworking venture to Charleston’s upper peninsula.
Thomas G. Buist, SIOR (Society of Industrial and Office Realtors), of Lee Associates Charleston, represented landlord Charleston Neck Partners LLC in the lease of an 8,610-square-foot industrial space at 1784 Harmon St. to Perrin Woodworking LLC.
According to the commercial brokerage, locally owned Perrin Woodworking runs a business “specializing in high quality, handcrafted, custom furniture and cabinetry.”
Owners Dan and Katy Perrin boast 20 years’ experience combined. They offer durable, sustainable and long lasting furniture pieces formed with top-notch materials and innovative designs, Lee Associates notes.
Perrin Woodworking’s portfolio includes booths, banquettes, cabinetry, interior and exterior tables, countertops, back bar shelving and menu boards.
The carpentry venture recently did work for Edmund’s Oast, Leon’s Oyster Bar, Indaco, The Granary, The Macintosh, Opal, Hubee D’s and Stems restaurants in the Charleston area.
The business also crafts materials for residences such as kitchen cabinetry, bathroom vanities, wine cellars, entertainment centers, bookshelves, banquettes, closets and fireplace surrounds.
To see the online gallery, go to www.perrinwoodworking.com.
Price figures released for new Mount Pleasant community
The new Tidal Walk neighborhood east of the Cooper will showcase DR Horton homes valued from $377,000 to $485,000.
That’s according to Michelle Whitbeck, Realtor with Keller Williams, in her latest newsletter.
The new community sits adjacent to Grassy Creek in Mount Pleasant, off Interstate 526 and Long Point Road near Belle Hall Plantation.
Prices start at $377,000 for a 1,733-square-foot home, she says. At 3,293 square feet, the largest home offered has a beginning price of $485,000.
Home highlights include tank-less water heaters; Energy Star appliances, central heat and air, insulation and windows; and high-end HERS (Home Energy Rating System) scores.
Community amenities consist of green space and a swimming pool.
To reach Whitbeck, call 843-270-6057.
Downward foreclosure trend continues in S.C. in March
Financial troubles that force homeowners to lose their residences are becoming scarcer in South Carolina with each passing month, according to a noted analyst.
The state’s foreclosure inventory in March was 1.4 percent, a 0.4 percentage-point drop from the year before. The nation as a whole likewise holds a 1.4 percent inventory, which claims all cases in some stage of foreclosure, according to CoreLogic.
South Carolina logged 7,256 completed foreclosures as of March, down from 11,380 a year ago and 10th highest out of “judicial states” that handle foreclosures through the courts.
Separately, the state’s “serious delinquency” rate in the last month of winter was 3.8 percent, off 0.8 percent from a year ago. By comparison, the national rate as of March was 3.9 percent, likewise down 0.8 percent in the past year.
CoreLogic unveiled the figures in its March 2015 National Foreclosure Report. The study also showed that the foreclosure inventory nationwide plummeted 25.7 percent in the past year while completed foreclosures — those that end up with people losing their homes — declined 15.5 percent from March 2014.
Since the financial crisis began in September 2008, there’s been 5.6 million completed foreclosures across the country.
The researcher also reports that the number of mortgages in serious delinquency, or 90 days or more past due, declined by 19.1 percent in March from a year earlier.
Nationwide, 3.9 percent of mortgages are seriously in arrears, the lowest delinquency rate since May 2008, according to CoreLogic.
As of March, the national foreclosure inventory rang up 542,000 homes, or 1.4 percent, of all homes with a mortgage. That compares with 729,000 homes, or 1.9 percent, a year before.
“We are seeing additional improvement in housing market conditions due to a decline in the serious delinquency rate to 3.9 percent, far below the peak of 8.6 percent in early 2010,” says Frank Nothaft, chief economist for CoreLogic.
“Despite the decline in the number of loans that are 90 days or more delinquent or in foreclosure, the percent of homeowners struggling to keep up is still well above the pre-recession average of 1.5 percent,” he cautions.
“Foreclosures and serious delinquency rates continue to drop as the home purchase market begins to emerge from its eight-year slump,” notes Anand Nallathambi, president and chief executive of CoreLogic.
“Based on the current trends in completed foreclosure rates, we expect the foreclosure inventory to drop below 1.3 percent by midyear, a level not seen since the end of 2007,” he says.
Wilder Realty franchise of national company pitches in for MDA
Agents and others with a metro Charleston real estate office pulled together to launch a local fundraising drive for the Muscular Dystrophy Association.
ERA Wilder Realty members are participating in the national franchise’s MDA Summer Camp Challenge by planning an event to help send children to camp.
Charleston ERA Wilder Realty agent Robin McKenzie and her husband Roy got things started. Their work will allow a couple to send a child to MDA Summer Camp thanks to a $1,300 donation in honor of McKenzie’s broker, James Harper, who died last June.
“My family and I are truly blessed and feel honored that we can participate with MDA and help children to make lasting memories,” Robin McKenzie says.
Since 1977, ERA brokers and sales associates have combined to raise more than $30 million to fund research and provide services for the more than 1 million Americans affected by neuromuscular diseases, the realty says.
ERA Real Estate is the sole corporate sponsor of MDA from the real estate industry and one of the top company contributors each year, the local agency notes.
“It is very gratifying and encouraging to see colleagues, local businesses and other members of the community joining in support of such a worthy cause,” says Eddie Wilder, ERA Wilder Realty president.
To learn more about the MDA Summer Camp Challenge, visit www.teamERA.com/MDA.
Founded in 1995, ERA Wilder Realty is one of the larger real estate companies serving South Carolina. Visit www.erawilderrealty.com for more information.
Sustainability group’s series includes tour of medical university’s green efforts
Anyone interested in checking out eco-friendly efforts of the area’s largest medical center and teaching university can do so June 30 as part of the ReThink Series.
“We welcome the advent of summer with a visit to MUSC and the MUSC Green Team, where we will enjoy a tour of their LEED-certified Bioengineering building and Urban Farm,” says The Sustainability Institute in Charleston, which oversees the series.
The cost is $15, or free to members of The Sustainability Institute. The gathering starts at 6 p.m. at the Urban Farm on the corner of Bee and President streets. Parking is available at 97 Jonathan Lucas St. Enter at President and Doughty streets, the group says.
According to the institute, the ReThink Series gives people the chance “to hang out with fellow sustainability-lovers, eat, drink and learn about a local business.”
A different venture hosts the event every month. As a result, ReThink “continually takes on a new form and attracts an interesting mix of people,” The Sustainability Institute says.
Businesses that are interested in hosting can contact the institute.
Nearly built-out Hunley Waters backs pet adoption event
The company behind a sustainable neighborhood bordering Noisette Creek in North Charleston will be hosting a gathering where people can adopt animals.
Cobalt Developments LLC will sponsor the event in partnership with the nonprofit Charleston Animal Society from 11 a.m.-2 p.m. today at Hunley Waters Circle.
The charitable fest is considered a “thank you” to the public. “It is truly an honor to support the efforts of Charleston Animal Society (www.charlestonanimalsociety.org) in its mission to rescue animals from abuse, or neglect,” says Chris Swan, chief executive of Cobalt Developments.
The company’s pet adoption support comes as development of Hunley Waters winds down.
The community of 36 homes counts just four homes under construction before completion. Only two models remain for homebuyers, according to Cobalt Developments.
Three existing homes were sold in May. Two Folly and Wando models apiece under construction are set to be completed July 31.
“Simply, prospective homebuyers do not have many home sites to choose from,” Swan says. “This signals the completion of a long process, which transformed a former naval base site into North Charleston’s only gated waterfront community along Noisette Creek.
“Hunley Waters has amenities that are far more affordable than similar communities in the Charleston area. So, it is quite a value, along with its central location. We are proud to see this project through,” he says.
The 1,800-square-foot “semi-custom” Folly plan, sporting three bedrooms and three baths, comes priced at $309,900. Features include extending front steps from four to six feet; engineered flooring in the main living area; stainless steel appliances; granite countertops; tile floors in the master bedroom; upgraded cabinets; and a six-foot island overlooking the dining and family rooms. A wraparound screened-in porch offers views of Noisette Creek from every window.
There’s also a ground-level garage for up to three cars.
The Wando model lists at $294,900, and includes many of the same features as the Folly design. Unlike the Folly, the Wando doesn’t include wainscoting on the ceiling but has room accents. The three-bedroom, two-and-a-half bath Wando measures out to 1,854 square feet. One of the Wando models will house a covered 12-foot-deep screen porch for views of the creek.
For more, contact real estate agent Cheyanne Lake of One Lake Avenue at 843-670-1028, email her at Cheyanne@onelakeave.com, visit www.onelakeavenue.com or go to www.hunleywaters.com.
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