Ready to BUY (or SELL) at Lake Murray?

Ready to BUY or SELL at Lake Murray?
Call Mel Coker at RE/MAX.
(803) 318-2007

The final numbers for 2014 are in...
My office, RE/MAX Real Estate Consultants, was:

•  the #1 RE/MAX sales office in ALL of the Greater Columbia real estate market (and with only 12 agents too!)
• the #1 real estate Chapin office in closed sales production 
• Averaged $1.3 million in closed LAKE MURRAY sales volume PER AGENT

Mel knows Lake Murray!

• Mel lives on Lake Murray
• Mel can assist with selling, buying, relocation and building on your lot
• Mel had over $2.2 million in sales volume on Lake Murray last year
• Mel owns and maintains this blog and a Lake Murray website

Lake Murray MLS Search

Call Mel at (803) 318-2007  |  email to Mel Coker

Happy New Year from Lake Murray

Happy New Year from beautiful Lake Murray!

Is this the year you move South to Lake Murray?  Lake Murray is South Carolina's beautiful lake located just outside Columbia, SC.  Make your SMART move in 2015... move to Lake Murray and contact MEL COKER for Lake Murray real estate professionalism.

Contact Mel Coker - your Lake Murray Realtor & Lake Murray Resident
RE/MAX Real Estate Consultants
(803) 318-2007
email Mel Coker

SEARCH Lake Murray MLS

Lake Murray Lot For Sale - Chapin

NEW Waterfront Lot Listing on Lake Murray:
239 Shady Acres Drive; Chapin, SC

This 1.76 acre waterfront lot has 303' on Lake Murray.  That is a lot of water frontage!  And, if

Mel Coker putting up FOR SALE sign on Lake Murray lot

you are looking for a build site that is NOT in a subdivision with HOA fees and rules, this is the lot for you.  There are nice homes in this quiet cove and you can build your home without restrictions.

There is a private dock in place, along with a concrete boat ramp.  The property is in the popular Chapin area with excellent nearby schools. 

Lake Murray was named by BOATING MAGAZINE as one of the TOP TEN LAKES IN THE UNITED STATES FOR BOATING AND LIVING.  Build your dream home here and get on the lake easily anytime.

Asking price:  $227,000 - Priced right to sell.
Current CMA Analysis:  Closed past 12 months similar attributes $280,499
 
Want more information?
Visit my Virtual Tour with pictures, property image and even more: 
 CLICK HERE FOR VIRTUAL TOUR
Or, call Mel Coker at (803) 318-2007

When you are ready to BUY or SELL on Lake Murray, contact:

Mel Coker
RE/MAX Real Estate Consultants
(803) 318-2007
MelCoker.com  |  Lake Murray MLS Search

Lake Murray Multiple Listing Service Search

THE place to search for homes on or near Lake Murray:

Mel Coker's Lake Murray MLS Search

Mel Coker is a life-long Columbia area resident and has lived on Lake Murray for the past 12 years. Mel was named LAKE MURRAY BEST REALTOR by readers of Lake Murray Life Magazine (March/April 2014).  Mel also owns and maintains this Lake Murray blog and a Lake Murray website.
Mel knows Lake Murray! 

Ready to BUY (or SELL) on or near Lake Murray?  Contact Mel Coker.  Call Mel NOW:  (803) 318-2007.


Mel Coker
Realtor, CRS, ABR, GRI, e-PRO, SRES, MilRES
RE/MAX Real Estate Consultants
(803) 318-2007  cell  |  (803) 932-2144  home office
email
MelCoker.com

Mel Coker SELLS Lake Murray!

Lake Murray Sales Update - Waterfront Lots

An Update from Mel Coker
Lake Murray Waterfront Lots


I've just finished a detailed analysis of Lake Murray waterfront lots closed during the past 5 years and current sales activity. Buying a lot on Lake Murray is still a very viable option to enjoy lake living. One of my clients bought a lake lot last year and started building their dream Lake Murray home just this past week with my recommended builder.


For my analysis, the "average" Lake Murray lot is: less than 1.5 acres, has a minimum of 100 feet of water frontage. Also, my base year for minimum price is 2004 at $75,000. The average minimum price has been adjusted each each for the previous year price change percentage. I've even tracked average discount from final list price for sales prices.
(For average prices and number of sales, percentage changes are from previous year; average days on market includes 25% adjustment for expireds and withdrawns)




2004
Number of sales: 44 DOWN 12.0%
Average price: $183,813 UP 22.6%
Avg. DOM: 381
Avg. discount from final list price: 5.87%


2005
Number of sales: 85 UP 93.2%
Average price: $204,994 UP 11.5%
Avg. DOM: 276
Avg. discount from final list price: 5.26%


2006
Number of sales: 79 DOWN 7.1%
Average price: $217,391 UP 6.0%
Avg. DOM: 215
Avg. discount from final list price: 6.0%


2007
Number of sales: 61 DOWN 22.8%
Average price: $246,145 UP 13.2%
Avg. DOM: 168
Avg. discount from final list price: 5.1%


2008
Number of sales: 30 DOWN 50.8%
Average price: $276,096 UP 12.2%
Avg. DOM: 262
Avg. discount from final list price: 10.1%


2009 (thru June 30)
Number of sales: 13 DOWN 13.3%
Average price: $251,262 DOWN 9.0%
Avg. DOM: 422
Avg. discount from final list price: 10.8%



Currently, there are 184 lots for sale on Lake Murray (meeting my criteria above) with an average sales price of $336,502. The average days on market is 434 days. Obviously, the asking price for many lots is way too high based on the much higher price compared to actual closings over the last several years, a very high DOM and the large number of lots for sale.


Other important highlights:

• the number of lots closed annually has decreased the past 3 years and is on pace to decrease again in 2009.
• average closed prices in 2009 are showing the possible first ever price decrease on Lake Murray
• there is enough current inventory at Lake Murray to last app. 7 years at the current sales pace

NOW may be the time to BUY your Lake Murray lot! When you're ready to BUY or SELL a Lake Murray lot, be sure to contact Mel Coker. I am a lake resident and I know Lake Murray!

Buy a lot, get on Lake Murray.

24kmpjghen

Lake Murray Lake Level Update

June 2nd update - Lake Murray lake level & temp:
Lake Level: 358.44
Top Water Temperature: 79.4 degrees


Previous (May 7th):
Lake level: 358.89 Water Temp: 73.7

Typical summertime lake elevation is 357-358. Typical June-August water temperature is 80.0 - 84.3 degrees F.
Lake Murray Website

Lake Murray eBook

Lake Murray Lake Level Update

May 7th update - Lake Murray lake level & temp:
Lake Level: 358.89
Top Water Temperature: 73.7 degrees

Previous (April 23rd):
Lake level: 358.60
Water Temp: 61.9

The recent lake level (on May 6) at 359.08 was one of the highest lake levels on record. Typical summertime lake elevation is 357-358. Typical June-August water temperature is 80.0 - 84.3 degrees F.

Lake Murray Website

Lake Murray e-Book

Mel Coker's Lake Murray eBook

Please check out my new Lake Murray Guide in e-Book format. You will find interesting Lake Murray information along with some great pictures. CLICK on the ebook below to open in full screen mode and then "turn" the pages to read.
"Issuu Lake Murray e-Book" link:
www.issuu.com/mcoker/docs/lakemurray
PDF format:
http://www.lakemurray-sc.com/lakemurray.pdf

Open publication - Free publishing - More lake murray sc

Mel Coker
http://www.melcoker.com/

Lake Murray Lake Level Update

April 23rd update - Lake Murray level & temp:
Lake Level: 358.60
Top Water Temperature: 61.9 degrees

Previous (March 31st):
Lake level: 358.63
Water Temp: 55.9

Click here for Mel Coker's Lake Murray website
Columbia, SC Real Estate
Columbia, SC "A to Z"
Columbia Blog

Ready to Jump in Lake Murray? I'm almost ready...

Ready for Boating Season on Lake Murray?

Boating Season is about to start on Lake Murray!


Warm weather brings an increased level of boating traffic on Lake Murray. Are you ready for fun? Is your boat equipped for safety? Do you know boating basics and laws for operating a boat safely?

Nationally, over 69% of all fatal boating accident victims drowned. Of those who drowned, over 89% of the victims were not wearing a life jacket. Over 83% of the boaters who drowned were using boats less than 26 feet in length. Consistent with previous years, 75% of reported fatalities occurred on boats where the operator had not received boating safety instruction.


Did you know? Only 7 states have a higher number of boats registered than South Carolina? South Carolina's Number of Deaths per 100,000 Registered Boats is lower than the national average? (2.3 vs. 5.3)

Links for more South Carolina Boating information:
The Handbook of South Carolina Boating Laws and Responsibilities
South Carolina Online Boating Safety Course and Exam
South Carolina Department of Natural Resources
Boating in South Carolina
Check a Watercraft/Motor Status


Check the weather:
Lake Murray Weather Station
Mel Coker's Columbia Weather Page

Boating Safety:
Lake Murray Power Squadron Boat Smart Course
National Safe Boating Council
Safe Boating Campaign
Boating Safety - U.S. Coast Guard
FloatPlan Central
2007 Boating Accident Statistics (read this!)

Lake Murray Lake Level Update

March 31st update:

Lake Level: 358.63

Top Water Temperature: 55.9 degrees

Previous (March 7th):

Lake level: 358.01

Water Temp: 53.2

Click here for Mel Coker's Lake Murray website

Columbia, SC Real Estate

Columbia, SC "A to Z"

Columbia Blog

Lake Murray's Realtor - Mel Coker

Ready to Buy or Sell on Lake Murray or near Lake Murray?
Contact Mel Coker

Mel Coker is your Lake Murray Realtor. Mel lives on the lake. Mel knows Lake Murray!

Click to learn more...

Mel's Lake Murray website
All About Mel Coker
Columbia, SC Real Estate
MelCoker.com
MelCoker.info
Search Columbia MLS
All Real Estate Agents Are Not The Same

Call Mel Coker: (803) 749-5800 office or (803) 318-2007 cell
Mel's Contact Form

Lake Murray Home Sales Update

Lake Murray Sales Update

I've put together the most complete Lake Murray sales update you will find anywhere. My family has enjoyed living on Lake Murray for 6 years now. We bought a lot on Lake Murray in the Chapin area in 2001, built one year later and moved in during August 2002. We love Lake Murray living!

Lake Murray is one of the finest lakes in all of the South. The lake is approximatley 41 miles long and has over 640 miles of shoreline. The lake has fantastic fishing and is a great place for boating and water sports. We enjoy going out for lunch or dinner by boat.

More information:

Mel Coker's Lake Murray website

Mel's Lake Murray Blog

Sales Report as of February 26, 2009:

Current waterfront homes for sale on Lake Murray:

#195

Average Price: $742,221

Avg. square feet: 3280

Avg. $/s.f.: $226.45

Avg. Days on Market (DOM): est. 218 *

*Avg. DOM: the MLS provides a DOM number, but, this does not include homes listed for sale and never sold, and homes listed and withdrawn from market and re-listed and those listed that expired and were re-listed. My previous analysis of such situations reveal on average a number that is in the range of 25% higher for DOM. So, my DOM figures includes this 25% upward adjustment.

Closed waterfront homes on Lake Murray in 2008:

#98

Average Price: $545,431

Avg. S.F.: 2884

Avg. $/S.F.: $189.10

Avg. DOM: 144

The current average listing price is somewhat higher than expected or normal due to the somewhat higher number of Million dollar listings currently active on Lake Murray. Currently, there are 35 homes for sale on Lake Murray listed at $1,000,000 or more. In fact, the average price of these 35 homes is $1,648,676 with an average dollars per square foot of $299.83. The average DOM is at least 231 days. The bad news is the fact that only 4 million dollar homes sold on Lake Murray in 2008 (only 3 sold in 2007). Consequently, there is enough current inventory to last over 8 years. If you are in the market for a really expensive home or million dollar home, you're in luck because there is great selection of such homes and pricing may be very good. It's definitely a buyer's market for such homes.

Excluding the million dollar homes reveals a market analysis of active homes for sale that is in much closer proximity to the actual closed results in 2008:

Active homes for sale on Lake Murray (excluding Million dollar homes):
#160
Average Price: $543,934
Avg. square feet: 2795
Avg. $/s.f.: $194.61
Avg. Days on Market (DOM): est. 216

Further analysis of Lake Murray waterfront home sales over the past 5 years:

2004: (over the previous year)
Number of sales: UP 19.8%
Avg. Price ($/S.F.): UP 19.4%

2005:
Number of sales: UP 10.1%
Avg. Price: UP 6.9%

2006:
Number of sales: DOWN 11.1%
Avg. Price: UP 13.1%

2007:
Number of sales: DOWN 3.7%
Avg. Price: UP 4.7%

2008:
Number of sales: DOWN 25.2%
Avg. Price: DOWN 5.2%

Lake Murray is still the water playground for central South Carolina! When you're ready to buy or sell on Lake Murray, contact Mel Coker.

Mel Coker
http://www.melcoker.info/
Columbia SC real estate

Lake Murray's NEW Blog

A new blog from Mel Coker... LAKE MURRAY!

Lake Murray is South Carolina's water playground! This beautiful lake was constructed between 1927 and 1930. The Dreher Shoals Dam formed a 48,000 acre lake in the heart of South Carolina and only a short drive from downtown Columbia. The lake covers an area of 78 square miles with 649 miles of shoreline. The waters of the Saluda River that feed Lake Murray supply energy to the Saluda Hydroelectric Plant turbines and cooling water to the McMeekin Steam Generating Plant. Both plants are owned by South Carolina Electric & Gas Company (SCE&G). When completed, Lake Murray was the largest power reservoir and Dreher Shoals Dam the largest earthen dam in the world.

Living at Lake Murray is great! Columbia, South Carolina's capital city is only 18 miles away from the Lake Murray dam and the city has one of the lowest cost of living rates in America! Other towns around Lake Murray include Irmo, Chapin, Prosperity and Lexington.

Lake Murray is one of South Carolina's finest recreational assets -- the lake is beautiful and is home to great fishing, boating and water sports. There are many upscale home communities around Lake Murray. Features include lakefront or waterview lots, boat slips, dry dock facilities, tennis courts and more.

CLICK HERE for Mel Coker's Lake Murray website