Charleston SC Metro Real Estate: South Carolina: Moncks Corner: Foxbank Plantation

Foxbank Plantation is located off of Hwy 54 between Goose Creek and Moncks Corner South Carolina.  The neighborhood has several builders to include KB Homes, Lennar, Sable Homes, David Weekley Homes, Palmetto Classic Homes, Truepenny Homes, and Southlund.  The new home community offers a wide variety of home prices ranging from 150's to the 300's as well as a wide variety of home styles.

Below are the statistic for homes sold this year up to April 2009:

The average list price this year so far is around 192K while that average sold price is around 189K.  The average days on market is 98 days and the current inventory of homes for sale in Foxbank Plantation is 33. 

If you are interested in buying a home in Foxbank Plantation or anywhere else in the Charleston area real estate market, please give me a call.  I will show you how I can help you get the most for your money and best of all, my services are at no cost to you.  You have nothing to loose.

Michael J. Johnson, Realtor

843-817-5299

michaeljohnson@carolinaone.com

www.providingthelight.com

www.metrocharlestonhomes.com

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Below are the most recent statistics for Foxbank Plantation located in Moncks Corner SC. Note that this does not reflect the whole month of December 2008.  Sales picked up tremendously in November which may be attributed to a string of new homes which were recently completed and then bought. 

This graph can help tremendously with finding out the neighborhood absorption rate.  Absorption Rate is the ablitiy of the real estate market to sell off its inventory of homes.  Take the number of homes sold in the last 11 months (80) (note that I am not counting December) and divided that by 11 (number of months).  That gives you a 7.27 absorption rate for Foxbank. 

The graph also shows that there are 38 homes currently on the market in that neighborhood.  Divide 38 by the absorption rate of 7.27 and that gives you the total months of inventory which in this case is 5.22 months.  This general rule is that 6 months of inventory is a balanced market.  Less than 6 months is a sellers market and more than six month inventory is a buyers market. 

Michael J. Johnson

843-817-5299

www.providingthelight.com

Foxbank Planation is a new home community with builders such as DR Horton, Sabal Homes, and KB Homes currently building homes in the neighborhood.  There is also an opportunity to buy a lot in the area and build a custom built home. 

A town center is in the planning stages to serve the community and there is hopes that in time it will increase home values.  Foxbank Plantation is conveniently located off of HWY 52 between Goose Creek & Moncks Corner.  Below is the Sales and Inventory Report for the neighborhood.  If you have any questions, or if you are interested in buying or selling a home in Foxbank Plantation, give me, Michael Johnson, a call at 843-817-5299.  My email is michaeljohnson@carolinaone.com.  You can also visit my website at www.providingthelight.com

A new towne center is set to be built in early 2008 in the Foxbank Plantation community on Hwy 52 between Goose Creek and Monks Corner.  Twin Rivers Capital, LLC has purchased 42 acres with plans to host 500,000 square feet (nearly 50 businesses) of retail and office space which will be anchored by a grocery store.  The new housing developments within Foxbank Plantation plans to have about 40,000 new residents upon completion of the communities to support the new commercial development.  The price range for homes in Foxbank Plantation range from 120,000 to 450,000. Contact me for more information about homes in this or any community in the Charleston, SC metro.