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January 2020

Found 4 blog entries for January 2020.

 

The New Spring Real Estate Market is Here. Are You Ready? | MyKCM

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.

So, what does that mean? The busiest season in real estate has just begun.

The same research indicates,

“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation's largest markets.”

With the reality of fewer homes on the market

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Many folks are aware of our Harbour Town golf links because of the wonderful PGA Tour's Heritage Golf tournament. Designed by one of the greatest golf architects of all time, Mr. Pete Dye. When I heard the news of Mr. Dye's passing while watching a PFA event of TV I could not help but ponder what a tremendous impact he had on Sea Pines Resort. His design of Harbour Town Golf Links has withstood the test of time. With golf balls that go further than ever, with equipment that pushes the limits of physics and with professional athletes who are on the tour being some of the strongest athletes in the world Harbour Town has stood firm as an amazing test for any golfer, professional and amateur alike. Pete Dye also designed Heron Point at the Plantation Golf

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We are pleased to report that our local real estate market experienced another year of measured growth and stability in 2019. Even though the year ran in fits and starts, somehow the Island managed to have the second busiest year in home sales, and the busiest year in villa sales since 2005. The strength of last years sales diminished the Island's inventory to some of the lowest levels in years and this might be the catalyst we need to push market valuations disproportionately higher in 2020.

An example of this dynamic can be seen with home sales in Sea Pines. Over the last five years, pricing activity in this market has been fairly even to minus a point or two when the inventory began the year with more than 140 homes listed for sale. However, in

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Movies, tv shows, and celebrities often have us dreaming of owning large homes,but the reality for most people is quite different.

Big Demand for Small Homes | MyKCM

Since 2015, the square footage of newly built houses has been shrinking, according to This is not projected to Yahoo Finances. change as we continue into the beginning of the year.

“We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”

Why are smaller homes trending now?

As noted in the article, there are a few main reasons for this demand:

  • “Many of today's younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities.”
  • “Today's older homeowners are expressing a
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