Happy Birthday Lake Murray - 86 in 2016!

Today is Lake Murray's Birthday!
86 Years old today.

HAPPY BIRTHDAY LAKE MURRAY.

CLICK HERE FOR THE TOP TEN INTERESTING FACTS ABOUT LAKE MURRAY.

Mel Coker
Lake Murray Realtor
RE/MAX Real Estate Consultants
Search Lake Murray Homes
(803) 318-2007

Veterans Day 2016

Veterans Day is Friday, November 11th!

Veterans from across the state will gather in downtown Columbia on Veterans Day, for the City of Columbia’s annual Veterans Day Parade, one of the Southeast’s largest Veterans Day parades.

On Friday, Nov. 11, 2016, the parade begins at 11 a.m. at the intersection of Sumter and Laurel streets, and travels southbound on Sumter Street, ending at Pendleton Street near the State House.

This federal holiday was initially known as Armistice Day to commemorate the end of World War I on November 11, 1917. The holiday officially began in 1926 and in 1954 the holiday name was changed to Veterans Day.

History of Veterans Day website

Veterans Day is largely intended to thank living veterans for their service, to acknowledge that their contributions to United States national security are appreciated, and to underscore the fact that all those who served - not only those who died - have sacrificed and done their duty. PLEASE BE SURE TO THANK A VETERAN FOR THEIR SERVICE TO OUR COUNTRY!

CLICK HERE for the Veterans Day website from Mel Coker
 

Click Here for: Military in South Carolina

"The willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they perceive the veterans of earlier wars were treated and appreciated by their nation."
– George Washington
General and Commander-in-Chief & First President of the United States of America

Thank you Veterans!

Mel Coker

Realtor - RE/MAX Real Estate Consultants

Search Lake Murray & Columbia MLS

What's Happening at Lake Murray - October 2016

October 2016 - This blog article starts a new monthly series - "What's happening at Beautiful Lake Murray".
Future monthly updates will be posted about the middle of each month.  I'll cover lake levels, forthcoming lake events and a brief real estate update.


Lake Murray Water Level, etc. - October 31
Lake level - 354.6  (last month this time 355.5)
** Typical high elevation in summer is app. 358' and typical winter low  elevation is 354-355' **
Water Temp (top) - 70.5 (last month this time 80.4)
Today's Temperatures - High  82; Low  58  (Average for this day:  68 high / 47 low)

Lake Level Chart Since January 1, 2014

For more information regarding "Lake Murray Environmentals", visit my webpage:
www.lakemurray-sc.com/temps.html


Upcoming Lake Murray Events

Timberlake Country Club Holiday Market - November 2nd
Lake Murray Visitor Center Christmas Open House - December 10-11
Columbia Boat Show - February 12-14, 2017
A Taste of Lake Murray - March 30, 2017
4th of July Celebration & Fireworks on Lake Murray - July 1, 2017
FLW Forrest Wood Cup - August 11-13, 2017 (Biggest bass fishing tournament in the USA!)


Quick Real Estate Update

September 2016 Analysis (Single family homes only; 100 ft. minimum water frontage and 1000 square feet minimum)
Lake Murray areas include Irmo & Chapin (MLS area 20); Prosperity/Newberry County (MLS area 21); Lexington (MLS area 23) and Saluda County (MLS area 22).

25 Closings (11 in area 20; 4 in area 21; 1 in area 22; 9 in area 23)  (23 closings in Sep. 2015)
UP 8,70%
Average Closed Price: $506,440  ($489,288 in September 2015)
UP 3.51%
Average "final" List Price: $534,188  ($508,952)
Average Square Footage: 2865
Average Days on Market: 148


More Lake Murray information from Mel Coker:
Lake Murray Search For Homes 
Lake Murray Website


Happy Halloween!


Mel Coker
Lake Murray Resident & Realtor
RE/MAX Real Estate Consultants
(803) 318-2007
email:  melcoker@remax.net

Search Lake Murray Homes For Sale

Lake Murray - Search Homes for Sale on Columbia MLS

Want to begin your search by cruising along the shores of Lake Murray for homes for sale in the convenience of your current home?   Use my Lake Murray HOMES SEARCH website to get current listings for sale at Lake Murray.

Mel.BestLakeMurrayHomes.com

Search Lake Murray Homes For Sale

NEXT STEP:  Contact Mel Coker with any questions and then get to the right listings for your appointment to see homes on Lake Murray.



MEL COKER
Realtor, CRS, ABR, GRI, SRES, MilRES
RE/MAX Real Estate Consultants  |  Chapin, SC
(803) 318-2007

Lake Murray Market Analysis

What's Happening At Lake Murray?

FROM  Realtor MEL COKER:
The Most Comprehensive Lake Murray Market Analysis Follows: 2005 - 2016

The Golden Year (The Standard)
The Year was 2006...  (maybe to be eclipsed in 2016?)

• The average closed price in 2006 was $546,099.  This was an all-time high and represented a 19% price increase over 2005.  There were 148 closings.
• The average days on market (DOM) was "only" 123 days in 2006.
• There were 11 homes sold for $1 million or more
• The year 2007 began the economic/real estate downturn with a slightly lower average sales price

The Downturn (The Bad)
2007 - 2012

• 4 straight years of average closed price decreases (2007 - 2010)
• Average closed price during this period $486,530 (a 10.9% decrease compared to 2006) with the lowest point being in 2012 at $448,163 (an 18.3% decrease from 2006)
• Average annual closings decreased to 123 with a low of 89 in 2009
• Average DOM was up significantly to 193 days with a high in 2011 of 246
• During this period just 4.8 homes per year (on average) closed at $1 million or more

The (Partial) Recovery (The Not So Bad)
2013-2014

• Average closed prices still down somewhat during these two years at $478,53
• Average annual closings up to 186
• Average days on market in 2014 at 183 - lowest since 2008

Lake Murray is HOT!
2015-2016

• Average sales price in 2016 (thru August) at $574,032 -- A RECORD!
• 209 closings in 2015  -- A RECORD!  2016 is on pace to break 2015.
• Average days on market at 160 - lowest since 2008
• 10 million dollar closings in 2015 - highest since 2006
• 14 million dollar closings so far in 2016  -- A RECORD!

Home closings criteria for analysis:  Waterfront on Lake Murray; minimum 75 feet water frontage; single family home with minimum 1200 square feet; minimum price $150,000.


More interesting data:
There are four Multiple Listing Service areas:  Irmo/Chapin, Lexington, Newberry County, Saluda County - the Lexington and Chapin areas accounted for 79% of all closings on the lake.


Currently:

Lake Murray Living is GREAT!

• 162 homes for sale waterfront on Lake Murray
• Average asking price is $641,628 - notice this is significantly higher than the closed average for 2016 ($574,032).
• In 2016, for the homes closed, the final average asking price was $611,501 (compare to the current overall asking price above).   The average price reduction was 6.13%
• Conclusion: PRICE your home right to get it sold.  Call Mel Coker for a market analysis.

>>To view or print my detailed Lake Murray market analysis, CLICK HERE FOR PDF REPORT.

CLICK Here to Search MLS

The most important NEWS here is that NOW still is the time to BUY a home on or near Lake Murray.  To BUY or SELL on Lake Murray, Contact Mel Coker.  I know Lake Murray.  I SELL Lake Murray.  I live on Lake Murray.

Call Mel Coker to BUY or SELL at Lake Murray.

Mel Coker
RE/MAX Real Estate Consultants
(803) 318-2007
email:  melcoker@remax.net

MLS Internet Search

Mel Coker on the Internet

Investigate Lake Murray?

Ready to INVESTIGATE Lake Murray?
  Ready to NEGOTIATE for a Lake Murray home?
   
Contact Mel Coker for Lake Murray information and listings.

Mel Coker at Lake Murray

 Allow me to help you find the RIGHT home at Beautiful Lake Murray.
Then CELEBRATE!

Mel Coker - Lake Murray Resident & Realtor
RE/MAX Real Estate Consultants
(803) 318-2007
Search the MLS for Lake Murray homes







 

Mel Coker - Lake Murray Realtor

Lake Murray Hardware & Marine Supply - Lake Murray Headquarters in Ballentine

Need hardware, boating products, outdoors stuff around Lake Murray?

I've shopped a number of times in the past at Lake Murray Hardware & Outdoors.  However,

In Ballentine - Between Irmo and Chapin

recently I met the owner, Mike Cameron, and learned a bit more about his business.  It's a great place to shop.  Mike and his friendly staff are ready to help you with the following products and services:

• Boating and Outdoor supplies and products
• Fishing supplies & Bait
• Guns and ammo
• Cigars
• Hardware, including stuff for docks and boats
• Keys made
• Batteries
• Guns consignment service

Lake Murray Hardware & Marine Supply staff are especially proud of their level of service.  Need questions answered?  They have the knowledge to help - you don't get this at Wal-Mart.

Mike shared with me that he makes sure his prices are very competitive and and most items are at or below "Walmart" and/or Internet pricing.  As an example, I priced an item I had recently purchased from Amazon - OrPine Marine Wash & Wax by H&M Products.  This product has a 94% excellent/very good rating at Amazon and was purchased for $22.63.   The price at Lake Murray Hardware and Outdoors:  $18.99 (a savings of 16%).  A great deal!  Go buy some today.

Mike is also competitive on the rest of his inventory and guns and ammo too.  He gets great pricing from his distributor, one of Americas' largest sporting goods wholesalers.

Stop in soon at Lake Murray Hardware & Outdoors and let them know you saw this article at LakeMurrayBlog.com.

Lake Murray Hardware & Outdoors

1323 Dutch Fork Road; Irmo, SC

  **  Located in "Ballentine" beside the Food Lion and behind the current location of the Richland County Library  **

Open 8:00 a.m. - 6:00 p.m.  Monday - Saturday

(803) 732-5607

www.LakeMurrayHardware.com

Lake Murray Hardware in Ballentine

Boating Supplies & More

Guns, Ammo and Gun Consignment Service

Friendly & Knowledgeable Service

Maintenance supplies, hardware & more

Mel Coker
Lake Murray Realtor & Resident
www.MelCoker.com
(803) 318-2007