Its almost St. Pattys Day and it seems Irish Eyes are Smiling on Hilton Head Sellers.  A local Hilton Head appraiser sent us the Sea Pines market research below and other areas are showing similar market trends.  You may contact Bruce Goff below with any questions or appraisal needs.

 

Sea Pines Market Research:

Appraiser analyzed the Sea Pines, improved market within the past twelve months with an asking price between $450,000 and $650,000.  There have been 36 closed sales within this price range and a median selling price of $505,000.  In the previous twelve-month period, there were only 30 closed sales with a median selling price of $506,500.  There are 34 properties for sale within this price range with a median asking price of $574,000.  The indication is that this market segment is possibly stabilizing.

All Part of the Same Food Chain

Appraiser also analyzed the Sea Pines, improved market within the past twelve months with an asking price at or below $450,000.  There have been 42 closed sales within this price range and a median selling price of $331,500.  In the previous twelve-month period, there were only 36 closed sales with a median selling price of $307,500.  There are 28 properties for sale within this price range with a median asking price of $397,000.  The indication is that this market segment’s reduced supply is applying upward market pressure.

Good news for the Sellers!

Bruce also contributed these past articles: Beaufort County Real Estate Taxes and Appeals Process, Halftime on Hilton Head 2011, and Appraisals in 2009.

 

Bruce A. Goff, Owner Bruce A. Goff, Inc.
PO Box 4652 / Hilton Head Island, SC 29938

SC Professional Appraisers Coalition, Board/Past Chairman
SC State Certified Residential Real Estate Appraiser, CR29
Licensed SC Real Estate Broker / SC Real Estate & Appraiser Instructor
Voice: (843) 686-4444 / Cell: (843) 683-4444 / Fax: (843) 686-4858
Website: www.brucegoffhhi.com / Email: brucegoffhhi@yahoo.com