Edwin Gerace's Real Estate Blog

Tuesday, May 26, 2009

Lexington South Carolina Market Conditions

Read Recently on Zillow.

Zillow Real Estate Market Reports First Quarter: January-March 2009

U.S. home values continued to slide for the ninth consecutive quarter, declining 14.2 percent from a year ago.

Zillow Q1 Real Estate Market Reports track 161 metropolitan statistical areas (MSAs) throughout the U.S., identifying market trends including, but not limited to: five and 10-year annualized change, negative equity, short sales and foreclosure transactions.

Pricing in Metro Columbia area as follows
Nationwide 14% Decrease over last year
Lexington Showed a 5% Decrease over last year
West Columbia Showed a 3% Decrease over last year
Irmo Showed a 6.5% Decrease over last year
Chapin Showed a 14% Decrease over last year
Gilbert Showed a 5% Decrease over last year

This shows what I am seeing that on the average Lexington area is doing better than the nation in general and is very competitive in the metro area.


Edwin Gerace
www.EdwinGerace.com
www.EdwinGeracesRealestateBlog.com
803-609-SOLD(7653)

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Edwin Gerace's Lexington SC Real Estate Blog

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Lexington, SC, United States
Edwin Gerace is Realtor with Holiday Builders in Lexington South Carolina. Edwin specializes in New Construction and 1st Time Home Buyers. Edwin is very active in Lexington South Carolina and is knowledgeable about the surroundings. Edwin is very active in his profession and community such as: On active committees with the Columbia Home Builders, active and on committees with Lexington Chamber of Commerce, Town of Lexington Performing Arts Center, Green Building Council of HBA, LORADAC, State Association of Realtors on State and Local Level, and many other community oriented service groups.
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