The Hilton Head Island real estate market is having a reasonably good year through the first quarter of 2019. The mood of the market is largely positive and all price points are selling. Closed transactions are running a little behind last year's stellar pace which isn't too surprising.
The number of homes sold on Hilton Head Island in the first quarter of 2019 decreased 7.4 percent compared to last year, but the median sales price increased 5.3 percent to $554,972.
The median sales price for villas on Hilton Head Island increased 5.3 percent to $250,000 as the number of closed transactions dipped 3.6 percent from the previous year.
In Sea Pines, home sales in the first quarter of 2019 were down 10.9 percent, yet the median sales price increased 24.7 percent to $820,000. Nicely updated and new homes are pushing the median sales price higher.
Villa sales in Sea Pines were actually running even (31 sold) to last year, while the median sales price drifted down 2 percent to $420,000.
Over the last year, interior lots within Sea Pines appear to be gaining in value and ocean oriented lots are holding steady.
For details on the year-to-date numbers from our local MLS, covering each on-island and off-island community, please click on the links below.
2019 Q1 Real Estate Market Reports by Community
2019 Q1 Real Estate Market Overview
Parking at the Sea Pines Beach Club has changed this summer and new rules to beach parking are enforced. To alleviate congestion at the Beach Club, a new Beach Shuttle Service has been created this season to ferry folks from two different parking lots to the Beach Club. For details on this new Beach Shuttle Service, hours of operation and who may use it, please click here.
Getting around Sea Pines in our high season is always a breeze and fun to do with the Sea Pines Trolley Service. To view a map with routes and times, please click here.
The turtle nesting season is about to beginand there's exciting news that's already occurred.Hilton Head Island has reported that one of the worlds most rare and Endangered species, a Kemp's ridley sea turtle, made her nest on the island a few days ago. This is only the fourth confirmed nesting of a Kemp's ridley sea turtle in the State of South Carolina since records began in the 1970's. For details on this exciting news and to learn what you can do to help our nesting sea turtles, please click here.
Should you have questions about our real estate market, or if you would like detailed information on properties you find interesting, please let us know and we'll be delighted to be of help.
It's our pleasure and privilege for us to be of service to you and your friends!
Thanks and we hope to see you on the island soon,
THE LOVE FAMILY
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