Hilton Head Island & BlufftonReal Estate News February 2020
Twenty Twenty is going to be Awesome!!! Looking back on the market in 2019 we learned a few things that can help when buying or selling in the Hilton Head Market. Here they are in no particula order:
* The overall median price was up 3.4% in 2019. * Sellers received on average 96.8% of their selling price in 2019 * The number of homes available for sale dropped 12.1% in 2019. * Sales were up 5.6% by the end of 2019 in the Hilton Head Market * Distressed sales were a small player(1.6%)in the Hilton Head Market. * Sea Pines averaged 1 sale per day in 2019 (365 sales) * Non Gated Communities offered the lowest priced properties in 2019. * The average days on the market for all properties in 2019 was 170 days * Off plantation condos sold the fastest with 106 days on the market * Hilton Head Plantation was a close 2nd with only 113 days.
It’s January and we already have seen multiple bids on several properties we were working on. Prices are still fantastic, but inventories are dropping putting the spotlight on these properties around the Island. The best way to buy a property in 2018 is to be prepared. If you snooze, you lose in this changing market. Listed below are some ideas to win the bid in 2018 on Hilton Head Island.
August is a transitional month for sales on Hilton Head Island. The traffic from the summer visitors starts tapering as school sessions begin. The visitor we see in the fall traditionally are “baby boomers” looking to enjoy some time on the Island. Some of these baby boomers are heading down the east coast and up the west coast researching possible retirement or 2nd home locations. Read the rest of this entry
Hilton Head Island’s real estate market is changing. No longer a buyers market and not into a sellers market, we now are in the middle. This means for buyers and sellers the next one for sale may be a little higher in price, a little less negotiable and will most likely sell faster than the last one. Click here for market advice for our buyers and sellers.
Available inventory overall has dropped since the first of the year and buyer activity has increased on Hilton Head Island. This quick video will help you better understand what’s happening in the real estate market on Hilton Head Island. Read the rest of this entry
Now through the end of October, vacation properties on Hilton Head will be difficult to show, unless it is on the turn day. The turn occurs on Saturday and is the time between checkout and check in. With the market heating up, we don’t want you to miss out in seeing all the properties you have interest in. Here are other ways to see them all.
If you own Hilton Head real estate or thinking about purchasing, be sure you have a good portal set up with a local real estate agent. Real estate in the Hilton Head area is starting to heat up and we are seeing properties sell in a day and multiple offers on the same property. A portal with our Hilton Head MLS, will keep you better informed than Zillow and other online real estate websites. Here’s why.
Snowstorms have always been good for business on Hilton Head Island. Although the Island has been a little chilly, it sure beats what’s going on in the Northeast! We hope our northern neighbors stay warm and safe! If you are thinking of making a move to the south, we would love to show you the Low-Country!
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.
We used to say, buying property in the Hilton Head area was 80% emotion and 20% logic. That was before the interest rates hit the all time lows and rental income flourished. Now that we have both emotion and logic supporting a prospective purchasers decision, the hardest part now is just deciding which one. It is also helpful to understand the local language and how much they are when you are weighing your decision. Listed below are links and explanations for POA, ARB, Regime, Transfer fees and other local real estate terms.
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