2020 Q2 HHI Area and Sea Pines Real Estate ReviewPosted by THE LOVE FAMILY on
We're pleased to report the real estate market on Hilton Head Island recovered beyond our wildest expectations during the 2nd quarter of 2020. The market nearly ground to a halt for six weeks in March and April and the situation looked dire. During that brief period a new paradigm shift took hold in real estate and the Island appears to be the beneficiary. We've not seen this strong a demand from buyers since 2004-2005. In Sea Pines, homes have been going under contract at almost 2 -3 times the average monthly rate. After all these years of being endlessly patient, the mood of our market is determined to take action and exhibiting time is of the essence.
Year-over-year, Island-wide home sales declined 1.5% while the median sales price increased…
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