Last week we sold 112 properties in the Hilton Head area. This was 1 week after Hurricane Matthew turned 40,000 trees into piles of debris. While some think Matthew stopped all Hilton Head real estate sales activity in the area, sales were down only 25% over last year during the same week. Here’s why….
Hilton Head Island Homes – September 2016
Home pendings in the month of September were up across the board. The stable inventories on Hilton Head Island are holding prices in check right now, but keep in mind it is an Island that is 97% developed. If you are a buyer, negotiation is firming up for properly priced properties. For the seller, their is good news as the number of months in supply(your competition) dropped in almost all sectors.
Hilton Head Island Villas – September 2016
We are seeing investors finally moving back into the Hilton Head villa market with the low prices, higher vacation rental income potential and low interest rates. Cash flow has never been better on these villas that offer short term rental opportunity.
Hilton Head Island Lots – September 2016
Until it costs the same to buy a lot and build a home as buying an existing home, lots will continue to offer compelling prices. Some of the lots offered around the Island offer some incredible locations at some incredible prices. Property owners with a lot for sale next door should explore buying the adjacent land because builders are buying up these lots and building specs.
Ready to Explore the Hilton Head Market?
If you would like to start exploring Hilton Head Properties with us, please fill out the form below and pick your Hilton Head Properties agent. They will start sending you the best buys in the area that match your needs. Thank you.
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Contrary to popular belief, summer is not the biggest selling season on Hilton Head Island. While the Island is busier, the agenda for families visiting Hilton Head during the summer is rest, relaxation and time with their families. Even if they are considering buying property in the area, their family time is too valuable to go real estate shopping. This also gives them a good excuse to return again in the fall!
Selling your Hilton Head property may be an idea you are seriously considering, but that does not mean you are ready to put your home or villa on the market just yet. You may be waiting to pay off your mortgage, you may be waiting for the kids to move out, or you may not be ready yet to part with all the memories yet. But that does not mean you don’t have to start preparing your property to sell. Read the rest of this entry
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. Read the rest of this entry
There is no sense waiting until December to make your move. The buyers are here now. In fact, there are still some sellers sitting on the fence waiting for more money and rolling the dice that these buyers will still be in the market when they are finally ready to sell. If you would like to sell before the tax bills are due, read on. If you are waiting for the next rocket ride in appreciation, it is our hope that you have a very comfortable seat on that fence. Read the rest of this entry
Buyers need to beware when using Automated Valuation Models (AVM’s) to determine property values. AVM’s are values based on averages and found on websites including Zillow, Trulia and Homesnap . The problem with using AVM’s is that they do not account for unique property features. There is, however, a way to improve these AVM’s.
Moving in the Hilton Head Area is different than moving in other places. Reasons include narrow roadways, gated communities, weather considerations, same day closing-moving days, POA’s, owners closets and mailbox keys. Just to name a few!
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