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October 2019

Found 3 blog entries for October 2019.

The Waiting Is The Hardest Part.

Thinking of Selling Your Home? The Waiting Is The Hardest Part. | MyKCM

Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home.

We can see the overall economy is good: wages are rising, there are near record-low unemployment rates, and mortgage interest rates are still very low too. Over the past 10+ years the housing market has stabilized, so what (if anything) is the biggest challenge in the housing market today?

The

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Big Buck

The real estate market on Hilton Head Island is progressing well through the 3rd quarter of 2019. Although the market isn't as brisk as last year's popping performance, signs of strength and stability are still present.

Island-wide, homes sales declined 5.5 percent, year-over-year, while the median sales price increased 2.8 percent to $545,000. However, the number of homes sold through the 3rd quarter of 2019 shows the market having a decent year when compared to the five year average. Within this context, sales are up 10.0 percent for the year. Over the last five years, the median sales price on the island has risen 3.8 percent.

The villa market on Hilton Head Island continues to do remarkably well with persistent growth. Sales of villas around

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HALLOWEEN WAGON RIDE Saturday, October 26; 10 and 11:30am Show off your Halloween costume in the Sea Pines Forest Preserve and hunt for clues to lead you to the pumpkin patch. Reservations required. $16/adult, $13/child (ages 12 and younger)

HALLOWEEN ON THE HARBOUR Sunday, October 27; 3:30-5pm Celebrate Halloween at The Sea Pines Resort with activities and trick-or-treating around Harbour Town. Participants of all ages are welcome to attend and are invited to come in costume. Complimentary

For reservations and additional information, please contact The Sea Pines Resort Recreation Department at (843) 842-1979.

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