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.
We dodged a bullet on Hilton Hilton Head Island with Hurricane Mathew! Working together it is is amazing how much we have accomplished in such a short time. While we are picking up and mending our homes, many of our vacation properties and resorts will welcome you back once again. If you need an update on your property, a repair made or want to find out more about what’s happening in the Hilton Head area, please let us know.
Hilton Head Property Owners
If you need work done on your Hilton Head property, we have a long list of vetted contractors and service providers that we would be happy to share. We are hearing outrageous quotes for tree removal and deposits being made and workers not showing up. Our contractors are local and you can call on them now or in the future. We can also have them check the condition of your property. Keep in mind, even vacant lots should be checked for leaning trees.
Hilton Head Community Updates
Many of the communities on Hilton Head Island have been posting updates on their community websites. These communities include: Sea Pines, Palmetto Dunes , Shipyard, Hilton Head Plantation, Long Cove, and Port Royal. As well, openings around the Hilton Head area include: Golf Course Openings, Fall Specials, Parks Reopened, and Vacationers Return. Please check our facebook page for these daily updates.
Hilton Head Properties Realty and Rentals Update
Surprising enough, we have been busy this week showing property and writing contracts on Hilton Head Properties. The good news is that the Hurricane did not slow down our buyers. We can’t wait to show you our awesome properties this fall! Our rental company and crew did a fabulous job securing our vacation properties before and after the storm. They are busy again helping guests book great vacation rentals. The fall weather is wonderful and we hope you can make time to enjoy a long weekend or upcoming holiday with us.
Thank you very much for your suggestions and ideas. They were incredible and much appreciated. We are reviewing them now and will pick out the best fit in the next few weeks. It is going to be a tough decision! Stay Awesome and give Hilton Head Properties a call if we can do anything for you!
Wouldn’t it be great to own a place at the beach, on the course, or overlooking a tranquil lagoon on Hilton Head? If you are seriously considering buying a vacation home in the Hilton Head area, you have probably weighed many of the pros and cons already.
But you should carefully consider everything before you buy. Have you taken these additional costs and benefits into account? Read the rest of this entry
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The Medicare Tax is a 3.8% tax that goes into effect January 1, 2013 and it does not apply to all Hilton Head owners. Only “high income” owners with Adjusted Gross Incomes(AGI) of more than $200,000 for individuals or more than $250,000 for married couples will have to deal with this new tax. As well, it does not apply to principle residences under $500,000 held jointly or $250,000 for a single. We suggest checking with your financial counselors to see if it is beneficial to sell before this new tax is put into place. The reason it is called a Medicare Tax is that this money will be allocated to the Medicare Trust Fund that is part of the Social Security System.
We love this time of year. The pace is slower, the properties are better and the negotiations more relaxed. If you are a seller, there are steps that we can take to close out your property by year end. If you are a buyer there are present opportunities that are available now that will be gone come the new year. Read the rest of this entry
If you drive through a security gate on Hilton Head Island, chances are there is an annual POA fee for this community. POA stands for Property Owners Association which is a group of owners that oversee the roads, the security, the common area maintenance, the insurance, the lighting and landscaping in these common areas. Some of these communities also include golf, tennis, marinas and other amenities. Listed below is a list of these communities and the costs associated with ownership and purchase. Read the rest of this entry
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