Wall Street Journal Touts Value of Lowcountry Real Estate, Including Daniel Island

For an article published recently in The Wall Street Journal, writer Lawrence Bivins interviewed Matt Sloan of the Daniel Island Company, along with other real estate professionals throughout Charleston and the Lowcountry, to get an assessment of what attracts people to this area and what types of values are currently available. The news is good for buyers.

“(The Lowcountry’s) broad appeal to buyers at all stages of life and career helped insulate the region’s property market from the subprime meltdown that began in 2007. But nationwide financial convulsions last fall slowed home sales there, as nearly everywhere, to a trickle,” writes Bivins. “Today, however, with prices as much as 25% off their peaks and mortgage rates falling, Mr. Sloan and other Lowcountry property professionals believe conditions are ideal for a wave of bargain hunting.”

Bivins notes that many communities in the region, including Daniel Island, are starting to see increased interest as people start to recognize the opportunities here. And everyone he talked with agreed the area has much to offer.

“The eclectic array of amenities found in the Lowcountry account for much of its popularity as a retirement destination,” he writes. “The region’s moderate climate enables residents to pursue an active outdoor lifestyle year-round, with golf, fishing, tennis and equestrian sports among the more popular pursuits. Urban amenities – shopping, fine dining and live entertainment – all can be found nearby.”