Have Hilton Head Villas under $350,000 Hit Bottom?
Hilton Head Villas are bouncing along what looks to be bottom. Not sure it is sustainable and to be quite frank, it helps that we have more people on Hilton Head Island at this time of year. Nonetheless, prices have leveled off on villas under $350,000 on Hilton Head Island for the last six months. The graph below shows the last 12 months in villa sales exclusively on Hilton Head Island(Bluffton and Daufuskie are not shown here).
Pending Villas on Hilton Head Island
Villas on Hilton Head Island are not following the blue trend line when it comes to average price. In fact, the market research shows that the values have stabilized as we sell villas on the Island.
Hilton Head Villas are part of the food chain!
As noted below, villas under $350,000 seem to have found bottom and this could be the foundation we are looking for to stabilize the more expensive villas over $350,000. In speaking to some of our local lenders, villa financing is no longer difficult to obtain. The chart below shows the villa food chain moving again(May 2012).
Search and buy a Hilton Head Villa Today
If you would like to search villas, please click here. As well, we would be happy to set up a free search function that emails you in real time as villas (including short sales and foreclosures) are entered into the MLS. E-mail robbie@robbiebunting.com or call Jane or I at (843)785-7111. Thank you.
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