Lexington SC Real Estate May Get a Tax Break

As reported in the Columbia Regional Business Report the SC House of Representatives will have a chance to debate a bill designed to end the immediate reassessment of properties at their sale price. For owners of Lexington SC Real Estate this would be welcomed as the bill is designed to have properties reassessed only during the county's annual 5 year cycle. This change in the tax structure should help those buyers considering a purchase but not moving forward because of the increased ownership costs caused by the current plan. This change should also help stabalize some commercial properties that have seen a huge tax increased that is then passed on to tenants and small business owners.

The bill has passed the Ways and Means Committee and will now move on to the House.

LEXINGTON SC HOME SALES STATISTICS

The Lexington area saw a slide on the sales side, but the DOM went down for this period. Irmo sales and listings were very slow for the week but the average sales price did take a big jump up. Lake Murray listings picked up some, but sales are still slow except for some homes priced on the lower end of the range. Chapin had a good listing week but slower on the sales side. Columbia and Northeast Columbia both saw a drop in sales during this period. As is normally the case in this area, in the spring, we are seeing more homes come on the market while sales for this week slowed somewhat. The big thing to remember is we didn't get here overnight and we won't get out overnight!

3-20-09 through 3-26-09

Median Price

Homes Listed

% Change

Homes Sold

% Change

Days on market

Lexington SC Weekly Real Estate Statistics

$152,750

48

Down 23%

13

Down 51%

84

Irmo Weekly Real Estate Statistics

$137,928

41

Down 2.4%

14

-

114

Lake Murray Weekly Real Estate Statistics

$607,991

12

-

0

Down 50%

-

Columbia Weekly Real Estate Statistics

$131,750

78

Up 7.6%

26

Up 53%

88

Chapin Weekly Real Estate Statistics

$169,027

7

Down 46%

3

Up 33%

163

Northeast Columbia Weekly Real Estate Statistics

$144,250

62

Down 20%

38

Up 26%

126

Lexington SC Entry Level Homes [less than $125K]

Lexington SC Median Homes [$125K ~ $300K]

Lexington SC Upscale Homes [$300k ~ $600K]

Lexington SC Luxury Homes [over $600K]

Lexington SC Lots and Land for Sale

Columbia Real Estate
for Sale

Lexington SC Real Estate, Columbia SC
Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers - put us to work for you; our service will impress you! (803) 358-0888

03.31.2009 Lexington SC Real Estate May See Tax Break
03.24.2009 Fun Fest Returns to Downtown Lexington
03.19.2009 Lexington SC Real Estate Agents from Exit Real Estate Consultants Attend Blogging Seminar
03.18.2009 Owners of Lexington SC Real Estate Can look forward to crime stimulus for their area
03.16.2009 Exit Real Estate Consultants Attend Home and Garden Show
03.11.2009 Lexington SC Residents Can Expect A New Heart Care Center
03.10.2009 Sallie Chester Joins Exit Real Estate Consultants
03.10.2009 Luz Bouleris and Sonia Roman Join Exit Real Estate Consultants
03.06.2009 Lexington Agents Attend Regional Training and Awards Day
03.01.2009 Lexington SC Real Estate - New Schools on the Horizon For Lexington and White Knoll
02.24.2009 Lexington SC Real Estate - Some Residents will see a water and sewer rate hike
02.17.2009 Lexinton SC Real Estate Growth Cause for Landscape Ordinance Change
02.10.2009 -Lexington SC Residents May Get More Smoke Free Restaurants
02.03.2009 - Lexington SC Residents New Dinner Cruise Boat on Lake Murray
01.28.2009 - Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
01.19.2009 - Lexington SC Real Estate Statistics as of 1/18/2009
01.15.2009 - JP & Associates joins Exit Real Estate Consultants

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	4.95%	5.11%
15-yr Fixed	4.32%	4.55%
1-yr Adj	4.22%	5.24%

* national averages

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Lexington and Columbia Real Estate Services
Our Local Realtors offer the best Internet Marketing Visibility for your Listed Properties - Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers - put us to work for you; our service will impress you! (803) 358-0888.