July 2019 RSS Feed

How is the Real Estate Market doing?

Every Real Estate agent get this question several times a week. And what is our response? "Oh, it´s good, it´s picking up..! And it is! The market in the Lowcountry and in particular Hilton Head is very special but sooner or later the national trend will arrive also here in paradise.

See what some experts have to say about the market:

We’re halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019.

Danielle Hale, Chief Economist at realtor.com

“Lower mortgage rates, higher wages and more homes for sale have helped counteract rising home prices, and ultimately, made it so…

Please remember it is still Lights out for the Sea Turtles on Hilton Head Island.   The Loggerhead sea turtle (Caretta caretta) is the state reptile of South Carolina and the most common sea turtle nester along our shores. They are easily recognizable by the large size of their head in relation to their body and their brownish or yellow skin. Adults have top shells that measure from 30-42 inches in length and usually weigh up to 400 pounds. Males are larger than females, and are not known to come ashore once they leave their beach of birth. Females usually begin to nest the first or second week in May; the nesting season usually ends by the end of August. Females usually emerge to nest at night and lay an average of 120 eggs per nest. They locate an…

The real estate market on Hilton Head Island is having a bit of a mixed bag midway through 2019. Villas are outperforming homes thus far and some communities having a better year than others. The market doesn't seem to favor buyers or sellers but it does favor new construction and perfectly renovated properties. 

Sales of homes island-wide are lagging behind last year's stellar performance, down 8.6 percent, but our local real estate market has already closed on more homes, year-to-date, than we previously did in 2016 and 2017 by 20.2 percent and 18.1 percent respectively.  

The median sales price for a home on Hilton Head Island is now $532,500. A decrease of 1.4 percent from this time last year. 

Islandwide, sales of villas are up 1.2 percent,…