Are you looking for a 2nd home, retirement home or great place to visit? Hilton Head Island is Ready!

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Get ahead of the herdWith consumer confidence at the highest level in over  a decade, Millennials, Seven Year Olds, Baby Boomers, Half Backs and Be Backs are all lining up for Hilton Head and Bluffton Real Estate.  Spanish Moss and Moon Beams may be the catalyst, but it’s time for both buyers and sellers to join the herd!

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Shooting for a Premium Price for Hilton Head Property?

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TimeMost Hilton Head sellers would like to collect a premium on their property.  After all, it’s the best property because (insert reasons here). Sellers may shoot for a premium because of the larger square footage, higher quality, superior views, better furnishings, incredible rental income and nicer appliances.  The question is, just how long should a seller hold out for a premium? Read the rest of this entry



Signed Contracts for US Homes Increase, Report Shows.

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Home contractIn the latest sign that the U.S. real estate market is improving, more Americans signed contracts to purchase homes in February than in nearly a year.

The National Association of Realtors released the data, which showed that the seasonally adjusted pending home sales index increased 3.1 percent to 106.9 in February.

That’s the highest it’s been since June 2013!

If you’re preparing to list your home anytime soon on the local housing market, we encourage you to continue reading to learn more about this trend! Read the rest of this entry



How to watch the RBC Heritage sponsored by Boeing

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How to watch the RBC Heritage on Hilton Head

Heritage Ticket304The admission is a ticket, a badge, a boat, a big screen or a friend with a house on the Harbourtown  Links course.  All eyes will turn to Harbourtown for this spring celebration on Hilton Head Island in the coming weeks. Listed below are some of the ways that you can enjoy watching the RBC Heritage Golf Tournament on Hilton Head Island. Read the rest of this entry



How to live in a staged home for sale.

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Living in a staged home for sale is difficult.  Showings take place at all times of the day,   throughout the week and it is hard to maintain that good first impression.  In this short YouTube video, Kelly Hughes shares ideas about staging and living in a home listed for sale.

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Report: US Home Prices See Gains in February

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home pricesThe national housing market continues to show gains, with home prices rising year-over-year during the month of February.

This is fantastic news as it shows that the U.S. real estate market continues to rebound from the Great Recession.

If you’re considering listing your home anytime soon, please continue reading to learn more about current national housing market trends.

A Closer Look at Recent US Sales Activity

CoreLogic released its February 2015 CoreLogic Home Price Index and the conclusions are favorable for home sellers.

Here are some of the highlights of that report:

  • US home prices (including distressed sales) increased by 5.6 percent in February 2015 compared to February 2014.
  • That increase marks three years of consecutive year-over-year increases in national home prices.
  • Month-over-month, national home prices (including distressed sales) increased 1.1 percent in February 2015 compared to January 2015.
  • 26 states and Washington DC were at or within 10 percent of their peak prices during the month of February.
  • Six states, including Colorado (+9.8 percent), New York (+8.2 percent), North Dakota (+7.7 percent), Texas (+8.5 percent), Wyoming (+8.4 percent) and Oklahoma (+5.2 percent), marked new home price highs since January 1976 when the CoreLogic HPI began.
  • When you exclude distressed sales, home prices increased by 5.8 percent in February 2015 compared to February 2014.
  • And home prices increased by 1.5 percent month over month compared to January 2015.

Certain states stood out for various achievements during the month of February:

  • If you include distressed sales, the five states with the highest home price appreciation were: Colorado (+9.8 percent), South Carolina (+9.3), Michigan (+8.5 percent), Texas (+8.5 percent) and Wyoming (+8.4 percent).
  • If you exclude distressed sales, the five states with the highest home price appreciation were: South Carolina (+9.7 percent), New York (+9.2 percent), Colorado (+9 percent), Texas (+7.9 percent) and Florida (+7.8 percent).
  • If you include distressed sales, the peak-to-current change in the national HPI (from April 2006 to February 2015) was -12.2 percent. If you exclude distressed sales, the peak-to-current change for the same period was -7.8 percent.
  • If you include distressed sales, only Connecticut had a decline in home prices, with a 0.9 percent decrease.
  • The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-35.4 percent), Florida (-32.4 percent), Rhode Island (-29.6 percent), Arizona (-28.4 percent) and Connecticut (-24.7 percent).
  • If you include distressed sales, the U.S. saw 36 consecutive months of year-over-year increases.
  • 92 of the top 100 Core Based Statistical Areas (CBSAs) measured by population had year-over-year increases in January 2015.
  • Those core based statistical areas that saw year-over-year declines were: Baltimore-Columbia-Towson, MD; Philadelphia, PA; Hartford-West Hartford-East Hartford, CT; New Orleans-Metairie, LA; Rochester, NY; Worcester, MA-CT.; Albany-Schenectady-Troy, NY; and New Haven-Milford, CT.

Based on recent market data and projections, the CoreLogic HPI Forecast suggests that home prices, including distressed sales, will increase by 0.6 percent month over month from February 2015 to March 2015 and on a year-over-year basis by 5.1 percent from February 2015 to February 2016.

If you exclude distressed sales, home prices are expected to increase by 0.5 percent month over month from February 2015 to March 2015 and by 4.8 percent year over year from February 2015 to February 2016.

How Can We Help You With Your Next US Home Sale?

If you’re interested in entering the market anytime soon as a home seller, please make sure to contact us.

We would be happy to assist you by further analyzing recent market activity to see how it may affect your specific efforts as a home seller.



Back into Hilton Head Real Estate

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Buyers MarketNow may be the time to re-deploy assets back into the Hilton Head Island real estate market. Personal use is still the single best reason to own property in the Hilton Head area, but declining supplies and increased buyer activity may bring appreciation back into certain segments of the market.  This is fueled by available interest rates and a limited supply.

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Copyright © 2024 Hilton Head Real Estate. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.
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