It's a pleasure to report the real estate market on Hilton Head Island continues to operate with lightning speed and efficiency and is on track for another record setting year. There has been a slight change in the marketplace over the last few months. Crazy irrational demand has dissipated into exceedingly strong demand. The need to acquire a property at all costs appears to have ebbed as buyers have become more selective in their bidding wars.

Home sales around Hilton Head Island are running 6.1% ahead of this time last year and the median sales price has gained 28.6% to $775,000.

Villa sales on the Island are up 24.9% from the previous year and the median sales price has climbed 23.8% to $350,000.

Nationally, the S&P Corelogic Case-Shiller…

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We’re delighted to report the real estate market on Hilton Head Island continues to operate at peak performance. The efficiency and speed of properties being sold is impressive. Pricing on the island is notching up to new highs and demand seems unabated.

However, pricing gains around the Island are not being uniformly achieved. The market has a clear preference for the beach life and its showing with buyers flocking to our sandy shores. If you're looking for a bargain on the island, our landlocked and leeward communities are presently offering great buys. The one common thread you'll find through each community is a severe lack of inventory to choose from. Until that dynamic changes, upward pressure on pricing remains.

Home sales on Hilton Head…

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We're pleased to report the real estate market on Hilton Head Island is firing on all cylinders a year into the pandemic. The 1st Quarter MLS sales data illustrates the strength of our local market. While demand remains near all time highs, there is a growing sense of frustration with buyers as they compete for new listings. Sellers, on the other hand, are trying to gauge the most opportune time to come to the market while dealing with the replacement question? With inventory so scarce, it's difficult to see how the market will change much through the summer.

Home sales around the Island jumped 60.0%, year-over-year, and the median sales price appreciated 26.8% to $760,500.

Island-wide, villas sales increased 57.6%, year-over-year, and the 

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Photo by David Love of Hilton Head Beach

We're thrilled to report the real estate market on Hilton Head Island experienced a spectacular year in 2020. The national trend of folks pursuing a higher quality of life with access to nature and outdoor activities, coupled with the ability to work from anywhere, has produced the 2nd busiest year on record for home and villa sales on the Island. And as the year progressed, and inventory levels dwindled to record lows, the Island's pricing malaise of the last several years was finally broken.

Home sales on Hilton Head Island rocketed up 46.8% from the previous year and the median sales price increased 11.8% to $625,000. The strength of the market came from buyers putting a premium on the need for extra living space, both indoors and out. A total of…

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David Love Photography

We're pleased to report the real estate market on Hilton Head Island is having the most successful year in home and villa sales since 2005. And by most accounts, the island hosted its busiest summer tourist season in memory. With pristine natural beauty, open spaces and an array of outdoor activities, Hilton Head Island is proving to be the rejuvenating respite folks are looking for. In fact, the readers of Conde Nast Traveler's have just named Hilton Head Island the best island in the U.S. for the fourth year in a row!

Home sales around the Island jumped 30.2% year-over-year and the median sales price increased 11% to $605,000. Inventory is down 48.1% from this time last year.

Island-wide, villa sales are slightly ahead of last year and up…

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Sea Pines Osprey Nest #7515

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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Low tide on Sea Pines Beach

We're pleased to report the real estate market on Hilton Head Island got off to a fabulous start the first week of January and the sales momentum continued right through to the first week of March. In February, almost a home a day was going under contract in Sea Pines. The mood of the market was upbeat and positive, and by all accounts, poised for another successful year. By early March, the coronavirus took hold of the country and the impact to our market was felt almost immediately. Since then, real estate transactions have been slow to form but they are occurring and across all price points. No doubt, we'll need to put an asterisk next to this years numbers.

Looking around the island, there was a 12.2 percent increase in the number of homes sold…

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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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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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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,…

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