Florence County Real Estate Blog

I am a real estate agent in South Carolina and I live in the middle of two towns - Lake City and Florence. The MLS that I am a member of includes both towns. Florence is definitely the larger city with a population of around 30,000 and Lake City with a population of around 7,000. The following stats compare Lake City and Florence sales in the residential market so far this year

 (January 2008 - May 2008):

Town        Class        # Sold         % Sold           Avg. Price         DOM

Lake City     RE                  9              32.14%        $83,811                 142

Florence      RE                 303           45.22%        $176,613               88     

There has been a decrease in both the volume of sales and the percentage of sales in my area. With the slump in the real estate market I have been working hard on developing my own personal website - www.teresamcdonald.com . The website my office has does not get much attention so I wanted to do a more dynamic site where I can share my quarterly newsletters and other information I pass on to my clients.

Big plans are in the making for the town of Lake City. After hiring two firms to identify untapped potential growth in the city, Lake City now has coordinated the findings and designed a complete revitalization plan. Phase 1 consists of making over the National Bean Market Museum and Town Square, adding a Health Care Campus, revamping existing features of the city, adding a Ronald E. McNair Space and Science Museum, a Visitors Center, a new city hall, markets, offices, and renovating Main Street and Sauls Street.  This first phase should totally transform the face of Lake City and the lives of its residents. This is a big task for a small town but the rewards should be great. Revitalization should bring more industry and create more tourism, two of the major goals of the city. Along with the revitalization plans there is also a marketing campaign to promote the many changes that will be taking place in Lake City. Plans are in place and funding will be sought to make the plans a reality. In the near future we will see a complete transformation in the small town of Lake City.  Lake City will be one of those small southern towns that northerners flock to for retirement.