Hi~

Below are the market trend statistics for February 2009 which include Hilton Head Properties only.  

We are seeing activity in all residential price points…although the sales over 2 million are still slower with very high inventories which means prices will be correcting on the less than premier locations for the age/condition challenged properties.  

The good news is we sold 39 homes in February compared to 26 homes in January, 37 villas in February compared to 33 villas in January and vacant home sites are still sitting as a result of homes selling below replacement cost.

According to the market research I have completed, the number of properties for sale will start declining in coming months in the residential markets on Hilton Head Island.  If you have ever thought of purchasing it is our suggestion to start looking for the choice property you’ve always wanted as the best picks will be disappearing as we move through 2009. 

Our Best,

P.S.  Please feel free to share this with our contact information.  Thank you.

Marshland and Jonesville Road Communities

In January 1997 the Cross Island Parkway opened the doorway to Marshland, Spanish Wells and Jonesville Roads.  Marshland Road runs through the geographic center or Hilton Head along Broad Creek.  New gated communities include Broad Creek Marina Village, Tidewater Landing and Edgewater.  Existing communities include The River Club, Broad Pointe, Cross Winds, Summer House and Bridgetown. 

 Marshland Road

New ~ Broad Creek Marina Village

• Single family Community with 37 home sites total ~ 3 sold
• Priced from $149,900 (forest) – $599,900 (deepwater)
• Amenities – Gated Village with access to marina, restaurant and pub.  Three years of free boat storage with purchase.  Up to 90% financing, no time limit to build.
• This property is an authentic fishing village with magnificent village architecture.
• POA ~ $500 

New ~ Tidewater Landing

• Single Family Community with 5 deepwater home sites ~ 1 Sold
• Priced at $1,995,000 per home site.
• Gated.  Each  property includes a boat dock and covered pier head
• Todd Hawk (Owner of H2 Builders) is nearly complete on construction of his family’s personal residence on Lot #1. This magnificent 9,200 Sqft Tuscan Estate will set the standard for the rest of the community.
• POA ~ $5,500 includes maintenance of fence gate etc., Landscaping in common areas, Irrigation insurance of such and building a capital reserve.

 Edgewater

• A villa community with the 1st of 6 buildings completed and all 23 units sold.
• Resale prices range from $595,000 – $850,000
• Amenities include 24 hour security, tennis courts, clubhouse with workout equipment, pools, Jacuzzi, dock to Broad Creek, playground
• No short term leases, Monthly regime fee only $523 with no increase for the past 4 years.

Spanish Wells and Jonesville Road Communities

If you wish to discover the local flavor drive down Spanish Wells and Jonesville Road.  Of course, you will drive by the goats and chickens, but you will also discover some small intimate upscale communities with beautiful new homes.  The new communities include The Paddocks, Shearwater, Bryant Park, Seagrass Landing and Jarvis Creek Club.  Here are some of the joys these areas offer:  magnificent marsh views, birds feeding at low tide, horse trails, tranquility, quiet, peaceful, sunsets, hidden gems on a bustling Island with cozy living at it’s finest

New ~ The Paddocks

• Number of Properties/Number sold- 73 total lots, 44 sold.
• Price Range – $295,000 – $950,000 – depending on size & view.
• Amenities – 1.  Pool & Clubhouse.  2.  Children’s playground & outdoor fire pit.  3.  Lake – Dock for fishing or boating.  4.  Horse Stables/Trails.   5.  Private Island for picnicking & relaxing.  6.  Walking trails.
• Vision or story about Development – The Paddocks is modeled after upscale, traditional beach communities of Florida Architectural Guidelines with wood columns, balconies, verandas, metal roofs, wrought iron accents and terraces.
• POA ~ $1391.50

New ~ Shearwater

§         Number of Properties/Number Sold- 37 properties / 31 sold

§         Price Range from  $169,000 for lagoon view to $499,000 for deepwater view.

§         Amenities~ Peace and quiet. Gated. Community dock

§         Vision or Story about the development:  Shearwater is to Jonesville Road as the Florida Keys was originally to Florida: A quiet, peaceful enclave and a destination with views worth the drive.

New ~ Jarvis Creek Club

·    Number of Properties/Number Sold – 86 Single Family Home sites

·    Price Range $99,000 – 329,000

·    Amenities ~ 20 acres with lagoon and marsh views with a total of 86 home sites. Gated entry flanked by two mature live oaks, fresh and salt water ponds, street lights, and a pool complex that will be finished once we have our first home owner.

·    The vision behind the Jarvis Creek Club development was to offer a family oriented neighborhood with new and exciting floor plans at an affordable island price.

·    POA ~ $1000

·New ~ Abbey Glen

·    Number of Properties ~ 40 total (8 Carriage Homes, 32 Courtyard Homes)

·    Carriage Home: 2600 sqft and 400 sqft lanai, 3bed/3bath, 2 story, marsh views, 1^st fl masterbed, 2^nd story deck

·    Courtyard Home: 1850 sqft and 300 sqft courtyard (screened in), 2bed/2bath, den, center room fireplace

·    Price Range $529,900-700,000

·    POA $575-630/month (Insurance included)

·    Amenities:  Private Clubhouse (3000 sqft) with pool and fitness center, homeowner access 24/7.  Maintenance Free exterior and landscape.  Gated entrance.  Vision or Story about the development.  First 55+, Gated, Maintenance free community on the Island.

“The first Time Homebuyer Tax Credit” will benefit some Palmetto Dunes Properties.   Eligible purchasers that have not owned a home for 3 years with incomes that do not exceed $75,000 per year ($150,000 on joint returns), will be illegible for an $8000.00 tax credit with no repayment requirement.  Even though this may not apply to you, the “real estate food chain” will start moving again which will in turn produce more real estate activity and sales in our communities including Palmetto Dunes, Leamington and Shelter Cove.   

Real estate IS selling on Hilton Head Island despite the economy and media.  In Hilton Head, South Carolina MLS there are 310 pending listings this month that means that in the next 30-45 days there will be 310 more homes SOLD!!! If you take an average price of $616,743 that means the people who have come to Hilton Head and loved all that they saw and experienced, have spent $191,190,330 in one month on these 310 homes, villas and lots!  Now, that’s what we call stimulus!  

The Arts Center of Coastal Carolina at Shelter Cove Did you know that an art director from Sesame Street designs one set a year for us?  His name is Bob Phillips and he’s known for detail.  He even takes the time to design areas of the stage that are only seen by part of the audience.  There are 5 shows each year and the view is great from every seat in the house.  They are all wonderful!  Aren’t we lucky to have “Broadway” right in our own community?  See you there!  

How healthy is your Palmetto Dunes, Leamington or Shelter Cove regime?  Villas / condos have a monthly “regime fee” which may include landscaping, pool, , pest control, exterior maintenance,  insurance, etc.  If you are looking at a condo or villa it is a good idea to check the “health” of the regime to make sure there are no pending assessments and that there is plenty of working capital.  Your experienced full time REALTORS at Dunes Marketing know the ins and outs when it comes to villas on the Island.  

Make plans now  to watch or attend the 2009 Verizon Heritage Golf Tournament.  The Verizon Heritage Golf Tournament is South Carolina’s only PGA event and will be played at the Harbourtown Golf Links in Sea Pines April 13-19, 2009.  For more information and tickets visit to www.verizonheritage.com .  For accommodation packages and information on our incredible real estate contact your Dunes Marketing Group agent.  Hope to see you there!  

Back In The Saddle Again.  Stocky Low Country Marsh Tackies made a triumphant return in Hilton Head Island’s first marsh tacky races in 40 years.  Fifteen marsh tacky horses raced on the brown, wet sand of low tide at Mitchellville Beach as part of the island’s Gullah Celebration.  It has been more than 40 years since the short, stocky breed has galloped beside Port Royal Sound.  It was the revival of a longtime Gullah and native islander tradition.  The race was attended by more than 3,000 spectators.   

Dunes Marketing Group is an upside down sales company.  In an economy like this one, other real estate companies call on Dunes to bring a buyer to their listings.  While we promise to do our best, our first priority is to see if we can find buyers for our own listings.  After all, that’s why our sellers listed with Dunes Marketing Group. We are an upside down real estate company because we have more buyers than listings which is different than most other companies around the island.  In fact…we need more listings to sell!                                         

The Hilton Head Area Hospitality Association will host the popular Wine Fest. The big event will be held on Saturday – March 14th at the Coastal Discovery Museum at Honey Horn. In addition to the public wine and food tasting the Junior League of Savannah is hosting a Pie Baking Contest, Hilton Head Kitchen & Bath will sponsor the Tailgate Gourmet Challenge, and there will be much more.  This is a festival that you won’t soon forget. For tickets and details visit www.hiltonheadhospitality.org  and click on Wine Fest.   

 Palmetto Dunes Outfitters…  just had their annual Oyster Roast Fund Raiser January 28^th for restocking redfish in our lagoon.  Approximately 1,500 – 2000 redfish will be released in April.  “Black drum fishing has been the best I’ve ever seen in January & February with catches from 5-20 lb” according to Captain Trent Malphrus.   

Dunes Marketing Group would like to sell your property  We have the buyers (over 400 percent more than our closest competitor), we talk with guests and walk-ins that are staying in Palmetto Dunes daily and want to know what is on the market.  As a real estate group, Dunes Marketing Group Tours tours their listed properties weekly.  Call us today for a free analysis of your home or villa.  

            I’m proud of our numbers and I just want you to know!   In 2008, Dunes Marketing Group participated in 39.8% of all transaction in Palmetto Dunes with our next closest competitor only 11.9%.  That’s 75% more transactions than our closest competitor!  More than ever it’s important to look at results. Numbers speak louder than words! 

Palmetto Dunes gets a new Oceanfront Restaurant.  The Dunes House (Inside Mariners Gate) is going to be open for dining in April 2009.  Now visitors and owners will have a convenient access to lunch or dinner oceanfront within Palmetto Dunes.  Overlooking the Atlantic, this location will offer outside decks and inside dining.  We will be publishing hours and menus in our next publication.    

“When Property Is “Priced to Sell”, It Sells!”  Right now there are many homes, villas and lots on the market that ARE NOT, as we say in the real estate business, “PRICED TO SELL”! Owners who list their property for sale should remember that their competition includes foreclosed properties and comparable properties that have been pre-approved by the owner’s lender to sell for LESS THAN WHAT IS OWED ON THE MORTGAGE!  Can you compete with these owners on price and do you really need to sell?  If the answer to both questions is a resounding “NO”, then NOW IS NOT THE TIME TO SELL YOUR PROPERTY.  

 Palmetto Dunes Resort has it ALL!  When it comes to Hilton Head Island events, Palmetto Dunes offers a wide range of conference and event venues and multiple meeting facility options for corporate events, weddings, family reunions, social gatherings, luncheons and dinner parties. In-home chef services and catering are available for guests who would like to enjoy a custom meal prepared by a personal chef or a romantic dinner at a private villa. From social events to special events, Palmetto Dunes has every detail covered.

Obama Unveils Homeowner Affordability

and Stability Plan

Revised February 24, 2009

President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes.Refinancing Initiative

Under current rules, those families who own less than 20% equity in their homes have a difficult time refinancing and taking advantage of the historically low interest rates. Therefore, the refinancing initiative in the new plan provides refinancing help for homeowners with less than 20% equity in their homes or who owe more than their home is worth. This initiative is open to homeowners who have conforming loans which are guaranteed by Fannie Mae and Freddie Mac, and who owe up to 5% more than their home is worth. Stability Initiative

This initiative aims at providing help to individual families as well as entire neighborhoods by helping reduce foreclosures and stabilize home prices. It is intended to help homeowners who are struggling to afford their mortgage payments, but cannot sell their homes because prices have fallen significantly.

The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their home. In addition, the plan includes a third initiative to support low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac.

Many of the plan’s details are still being worked out and will not be announced until March 4, here is an overview of the plan’s main components.

According to the plan, “credit-worthy” or “responsible” homeowners can refinance their mortgage into a 30- or 15-year, fixed-rate loan based on current market rates. The refinanced loan, however, cannot include prepayment penalties or balloon payments. For many families, this low-cost refinancing may help reduce their mortgage payments by up to thousands of dollars per year.

As with the rest of the plan, details about this initiative will be released at a future date—including what, if any, credit score requirements will be included.

The goal of this initiative is simple: “reduce the amount homeowners owe per month to sustainable levels.” To accomplish this, lenders are encouraged to lower homeowners’ payments to 31 percent of their income by lowering their interest rate to as low as 2% or by extending the terms of the loan. In addition, lenders can also lower the principal owed by the borrower, with Treasury sharing in the costs.

Homeowners who are current on their mortgages but are struggling can still apply for this program. As such, this is one of the few programs designed to help homeowners who may face delinquency soon, but are current at the moment.

Since the focus of this initiative is on helping families and neighborhoods, investment properties do not qualify. This initiative also includes a number of additional elements and incentives that benefit homeowners and lenders alike, including:

• Incentives to Help Borrowers Stay Current: To provide an extra incentive for borrowers to keep paying on time, the initiative will provide a monthly balance reduction payment that goes straight towards reducing the principal balance of the mortgage loan. As long as a borrower stays current on his or her loan, he or she can get up to $1,000 each year for five years.
• Reaching Borrowers Early: To keep lenders focused on reaching borrowers who are trying their best to stay current on their mortgages, an incentive payment of $500 will be paid to servicers, and an incentive payment of $1,500 will be paid to mortgage holders, if they modify at-risk loans before the borrower falls behind.

Supporting Low Mortgage Rates

As part of the Homeowner Affordability and Stability Plan, the Treasury Department is increasing its funding commitment to Fannie Mae and Freddie Mac to ensure the strength and security of the mortgage market and to help maintain mortgage affordability. This portion of the plan will use using funds already authorized in 2008 by Congress for this purpose.The increased funding will enable Fannie Mae and Freddie Mac to carry out ambitious efforts to ensure mortgage affordability for responsible homeowners, and provide forward-looking confidence in the mortgage market.Again, the government plans to unveil the final details of the plan on March 4, 2009. For now, you can download a sheet of common Questions and Answers produced by the government at: www.treas.gov/initiatives/eesa/homeowner-affordability-plan/ConsumerQA.pdfI will continue monitoring the plan as new information becomes available. If you have any questions or would like to discuss how this may specifically impact you, I’d be happy to sit down with you. Just call or email me to set up an appointment.

Why Now is Good Time to Buy!

By Beth Hornick

SunTrust Mortgage

Many potential home buyers are waiting to finalize their decision to buy a new home. With news reports of falling home prices and increased foreclosures– it seems smart to wait. According to predictions from Freddie Mac, housing prices are predicted to drop approx 10% in 2008. BUT, if you pull out the “big 4” (California, Michigan, Nevada, and Florida)- the figures revises to less than a 5% drop. South Carolina and the Hilton Head area in particular, is an area with smaller drops in prices when compared to the national average.

Rates are now at near record lows with 30 year fixed rate loans hovering just around 6.00% for conforming loan amounts. Historical comparisons say rates typically drop about .25% BEFORE the election and RISE after .60% the election.

So, what is the best time to buy? Now, when rates are low? or wait till housing prices drop further? Many buyers seem to be emphasizing dropping housing prices. But, waiting for prices to fall can COST you money!

Here are two examples:

EXAMPLE ONE-Assume a mid level purchase price. These are the homes that should drop a MAXIMUM of 5%.

Current Price                                                             $300,000

Mortgage Amount (assumed 20% down)              $240,000

30 year fixed rate of 6.0% P & I payment               $1,438 per month

Assumes a 20% down, 30 year fixed rate mortgage at 6.00% (6.043% APR)

359 payments of $1,438.91 and 1 payment of $1,440.30

Assume 5% price drop                                            $285,000

Mortgage Amount                                                     $228,000

30 year fixed rate of 7.00% P & I Payment            $1,517 per month

Assumes a 20% down, 30 year fixed rate mortgage at 7.00% (7.047% APR)

359 payments of 1,516.89 and 1 payment of $1,516.16

An increase of $80 per month- that’s $28,800 over the 30 years! A 10% loss In this case- the 5% housing price drop COSTS the buyer over 10%!

EXAMPLE TWO- Assume a higher priced home. These are the homes that should drop a MAXIMUM of 10% (factoring in higher loss states– SC drops are predicted to be smaller)

Current Price                                                             $1,000,000                        Mortgage Amount (assumed 20% down)                          $   800,000

30 year fixed rate of 6.5% P & I payment               $5,056 per month

Assumes a 20% down, 30 year fixed rate mortgage at 6.50% (6.513% APR)

359 payments of $5,056.54 and 1 payment of $5,061.33

Assume 5% price drop                                            $950,000

Mortgage Amount                                                     $760,000

30 year fixed rate of 7.50% P & I Payment            $5,314 per month  

An increase of $258 per month- $92,880 over 30 years! A 9.8% loss.

Assumes a 20% down, 30 year fixed rate mortgage at 7.50% (7.515% APR)

359 payments of $5,314.03 and 1 payment of $5,314.45

Assume 8% price drop                                            $920,000

Mortgage Amount                                                     $736,000

30 year fixed rate of 7.50% P & I Payment            $5,146 per month  

An increase of $90 per month- $32,400 over 30 years! A 3.5% loss.

Assumes a 20% down, 30 year fixed rate mortgage at 7.50% (7.516% APR)

359 payments of $5,146.22 and 1 payment of $5,144.38

Assume 10% price drop                                          $900,000

Mortgage Amount                                                     $720,000

30 year fixed rate of 7.50% P & I Payment            $5,034 per month  

A drop of $22 per month- $7,920 over 30 years. A 0.9% gain.

Assumes a 20% down, 30 year fixed rate mortgage at 7.50% (7.643% APR)

359 payments of $5,034.34 and 1 payment of $5,040.59

In this example- housing prices would need to drop at least 10% before it would offset the predicted rise in rates. And 10% was the MAX decrease predicted!

These assumptions also assume a maximum interest rate rise of 1.00% over today’s rates. If rates rise higher or faster than predicted– the cost of waiting to buy will increase.

Another factor to consider is the increased inventory of homes available right now. Buyers have a larger choice of homes than any time in the recent past. But, what about all the foreclosures that the media says are coming up? Again, South Carolina and the Hilton Head area are predicted to have much lower rates of foreclosures than the national averages.

Also consider also what most foreclosed homes will look like. If a home owner does not have the money to make their mortgage payments– will they have the money to continue the necessary upkeep of the home?  And in many cases– there may also be outstanding liens for real estate taxes or Association fees. Trying to negotiate with a lender to buy Bank Owned Real Estate can make the process more difficult and few if any repair items will be done. In many cases, foreclosures are not the best deal out there.

So what should a potentional home buyer do? Buy now and save money!

Buyers, get into negotiating position

Crafting purchase offer takes strategy

By Dian Hymer, Monday, November 10, 2008.

Inman News

Bridging the price gap between home buyers and sellers can be a challenge in today’s market. Sellers, many of whom have a hard time accepting that their home has lost value, often expect to sell for more than buyers are willing to pay.

Buyers, on the other hand, are concerned that home prices could drop further. So, they’re making sure that they don’t overpay.

There are exceptions to the rule. Very desirable homes in the best locations sometimes sell for over the asking price, particularly if there isn’t much inventory of similar homes on the market. Some foreclosure properties at bargain prices are attracting multiple offers. Prices are rising in select areas. Overall, however, it’s a still a buyer’s market in most parts of the country.

There’s not much you can do to convince an unrealistic seller that he should accept your market-price offer. Many of the listings on the market belong to sellers who will sell only if they get a certain price. They may not be able to sell for less because of the size of the mortgage(s) secured against the property. In some cases, sellers bought at the peak and then improved the property. They can’t bear to take the loss they would incur if they sold at market price. In other words, these sellers would like to sell, but they won’t sell unless they get their price.

Before you make an offer on a listing that’s priced over market, try to find out as much as possible about the sellers’ motivation, and if there’s any flexibility in their price. A lot of time and emotional energy goes into making an offer. Save your efforts for listings where the sellers are motivated. That is, they don’t just want to sell — they need to sell.

Some sellers want to test the waters at a price that’s higher than the market will support. They usually feel that someone will appreciate the added value their home offers and pay more for it. However, these sellers will often negotiate with a legitimate buyer who offers a price that is less than the list price.

HOUSE HUNTING TIP: To put yourself in the best negotiating position, make sure that your financing is in order and that you are able to show the seller that you are capable of closing the deal. The fallout ratio is high in the current market. Many of these transactions fail to close because the buyers couldn’t get financing.

It’s always a good idea to be preapproved for the financing you’ll need to buy a home before you make an offer. Preapproval involves making a formal loan application, having your credit checked, as well as verifying your funds for down payment and closing costs, and validating your income and employment. Lenders often want to know that you have enough surplus cash to make house payments (mortgage, property taxes and insurance) for two to three months.

Buyers who make an initial low offer and who aren’t in competition should make as clean an offer as possible. This means omitting anything that’s not necessary. However, you should include contingencies for loan and appraisal approval and an inspection contingency.

It’s a good idea to include a copy of your preapproval letter with your offer. If you are approved for a higher price than you are offering, ask your lender or mortgage broker to issue a preapproval letter for the price you’re offering.

THE CLOSING: Then be prepared to negotiate. It may take several rounds of counteroffering back and forth to reach a mutually acceptable price.

Dian Hymer is a nationally syndicated real estate columnist and author of “House Hunting, The Take-Along Workbook for Home Buyers” and “Starting Out, The Complete Home Buyer’s Guide,” Chronicle Books.

Good info for potential buyers. 5% down IS still available through Fannie and Freddie in our market  though borrowers with lower credit scores will do better with FHA or VA.

Daily Real Estate News  |   February 19, 2009  | 

5 Tips for Homebuyers Seeking a Mortgage

Here’s a warning for potential borrowers: Nervous lenders have tough new rules and are paperwork crazy.

“Borrowers are going to have to prove they are the borrower they say they are,” says Keith Gumbinger, vice president of HSH Associates, a mortgage-industry publisher in Pompton Plains, N.J.

Gumbinger says homebuyers should consider these things before they apply for a loan.

1. Down payments are critical. Borrowers should expect to put down at least 10 percent for a “conforming loan” – a mortgage that Fannie Mae and Freddie Mac will purchase.

2. Credit scores count. A 720 on the 850-point FICO rating scale will get a borrower access to the best rates. Rich Bira, branch manager of FCM Direct Lender in Chicago, says: “A score between 720 and 739 gets 0.125 percent added to the rate, a score between 700 and 719 gets 0.375 percent added to the rate, and a score between 680 and 699 gets 0.5 percent added to the rate.”

3. Consider VA and FHA. Borrowers without down payments or with less than stellar credit scores should consider these government-insured loans offered through the Federal Housing Administration of the Veterans Administration.

4. Unearth the records. Before applying, borrowers should organize tax, banking and other records that prove income, savings and debts. They should also expect to be patient about what may seem to be endless requests for information.

5. Get rid of debts. Limiting debts, including what borrowers expect to pay for the mortgage, to less than 43 percent of gross income is important.

How Will the Stimulus Package Affect The Housing Market—and You?

This is a monumental piece of legislation that will directly affect the housing market. I want to share my insights on how I believe it will affect the market so that you can make informed buying and selling decisions.

Homebuyers: Part of the stimulus package gives first-time homebuyers who purchase in 2009 an $8,000 tax credit. “First-time homebuyer” is defined as someone who has not owned a home for the past three years.  Combined with the fact that foreclosure filings during January decreased 10% from December 2008 and that some sales in December of 2008 rose 6.5%, we will see prices at the lower end of the price spectrum stabilize. All the really great deals will be snapped up in the next month or two and we should see a price increase in December of 2009 as those who wait will rush to buy before the $8,000 credit is gone. 

This will also help clean up some of the problem loans, short sales and foreclosures that have been a drag on home prices.

Three to six months from now we will see this start to move up to a little higher price range and by the end of the year, prices will stabilize in large mid-priced homes. High-end homes will be the last to stabilize sometime in 2010.

If you are thinking about buying, now is the time. Don’t wait and end up wishing you had taken advantage of this opportunity.

Home sellers: If you are selling in the lower price ranges, you can expect to see increased activity and, if your home is reasonably priced, you will get it sold very close to that price.

If you are not at the low end of the market, and do not have to sell, my advice is to wait twelve to eighteen months, you will get a better price. If you have to sell now, price it right and get it sold now as we could still see a drop in value in the mid and high-end price ranges over the next 3 to 6 months.

If you want to talk further about the impact of this stimulus package, give me a call or drop me an email about your situation and I will give you my recommendation.  Also check back here on a regular basis for updates on what is happening in our real estate market.

Every signal is now in place to indicate bottom.

U.S. home sales registered their biggest monthly jump in nearly seven years in December, as cratering prices began to draw out more buyers and several housing markets showed some signs of stabilizing.

If you have been waiting for a signal to indicate the best time to purchase on Hilton Head check out January 2009 sales below.  It is still true today….Timing is everything.

WE SOLD 26 homes and 33 villas last month in January!  

 According to the market research I have completed, the number of properties for sale will start declining in coming months.  If you have ever thought of purchasing it is our suggestion to start looking for the choice property you’ve always wanted as the best picks will be disappearing as we move through 2009.  

Homes

All information is deemed to be reliable and subject to verification by all parties.

Call us for a free “The Top 10 Cool Things for families to do on Hilton Head and Latte Lou’s List of Favorite Places to Eat”.  If you wish, simply let us know when you are visiting and we will leave this color 11 x 17 map and these lists at our front desk and include other Ideas including our Beaufort, Savannah, Charleston and Daufuskie Maps.  

Local knowledge is a wonderful thing.  We would be happy to help you any way we can whether it is information about places you are looking at to rent or ideas in real estate,  We are here to help you.   Our continued goal is to provide exceptional service, create raving fans and help our clients succeed. Please call us at 1-800-932-3652 or e-mail us at LOCAL KNOWLEDGE anytime.  Thank you.

Happy Summer 🙂

Robbie Bunting & 

Jane Hyers

P.S.  Please feel free to forward the maps above to friends and family.  We hope you enjoy the Island and we look forward to hearing from you.  Have Fun