Hilton Head Island Market Update January 2016
All markets are not the same on Hilton Head Island. Some areas are stable, others are still declining and some are finally increasing in value. It pays to know what type of market a Hilton Head property is in to determine what the best strategy for selling or buying would be. The monthly charts below help establish the type of market we are in. If you do not see your area, please let us know and we will include it in the information we send to you.
Hilton Head Monthly Sales By Area
The chart below shows the active, pendings and solds by area. The key numbers to determine market include percent change in price, days on market and list to sales ratios. As an example, if the days on market is low and the list to sell ratio is high, there is good bet it’s a seller’s market.
Hilton Head Monthly Sales By Price
The monthly chart below includes communities on Hilton Head Island only. This shows the critical numbers as above, but also includes #months inventory. This number alone can help establish the type of market a property is in. Use this number and the table in the lower right hand corner to determine the type of market a property is in.
Hire a Hilton Head Area Expert
If you are buying or selling a Hilton Head property in the new year, we can recommend strategies like the ones above. Our team of agents has the resources to help you get the job done. Let us know if there is any way we can help make the selling or purchasing process easier on you.
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