Hi~

Below are the market trend statistics for February 2009 which include Hilton Head Properties only.  

 

We are seeing activity in all residential price points…although the sales over 2 million are still slower with very high inventories which means prices will be correcting on the less than premier locations for the age/condition challenged properties.  

 

The good news is we sold 39 homes in February compared to 26 homes in January, 37 villas in February compared to 33 villas in January and vacant home sites are still sitting as a result of homes selling below replacement cost.

  

According to the market research I have completed, the number of properties for sale will start declining in coming months in the residential markets on Hilton Head Island.  If you have ever thought of purchasing it is our suggestion to start looking for the choice property you’ve always wanted as the best picks will be disappearing as we move through 2009. 

Our Best,

 

 

P.S.  Please feel free to share this with our contact information.  Thank you.

             
Homes
Price Range Active Listings Pending Sold Selling $ % of List $ DOM Remaining # Months Inventory
-350,000 82 7 1 98% 45 11.7
350-550 194 8 2 91% 193 24.2
550-750 178 4 1 87% 56 44.5
750-Mil 166 2 4 91% 82 83
Mil – 2 Mil 245 2 1 92% 119 122.5
2 Mil + 168 3 1 86% 112 56
Villas
Price Range Active Listings Pending Sold Selling $ % of List $ DOM Remaining # Months Inventory
-350,000 581 21 12 88% 118 27.6
350-550 259 5 2 94% 65 51.8
550-750 125 3 1 88% 215 41.6
750-Mil 75 0 0      
Mil + 45 2 0   489 22.5
Lots
Price Range Active Listings Pending Sold Selling $ % of List $ DOM Remaining # Months Inventory
-350,000 195 0 0      
350-550 92 0 0      
550-750 41 1 0   250 41
750-Mil 28 0 0      
Mil + 58 0 0