THE STATE
C U O IN N ND 2 TR E D A R A C Y T S
Our Portfolio of Fine Homes for Sale in Colleton River
of the Colleton River Real Estate Market
May 2017 KEY METRICS
April 2017 in Review
In Colleton River, five homes closed in the first four months of 2017, compared to eleven last year. January through April’s total dollar volume was $4.185M, down compared to $10.859M in 2016. Supply and demand: as of May 17, 2017, there are 29 Colleton River homes listed for sale with an average of 1.33 home selling per month over the last six months. That translates into a 21.80-month supply, considered by industry experts to be a strong buyer’s market. There are 10 homes under contract in Colleton River. In the lot realm, nine lots closed in the first four months of 2017, compared to eight in the previous year. There are currently two lots under contract. How’s the Hilton Head Island - Bluffton Real Estate Market?
An Architectural Masterpiece Graced by magnificent live oaks on a serene cul-de-sac, this home displays beautiful custom cabinetry and trim throughout. The open-concept floor plan couples high ceilings with endless glass to create a sunlit ambience overlooking a mesmerizing 180° lagoon-to-golf vista. The designer kitchen offers Wolf and Sub-Zero appliances, exquisite countertops, a tailor-made dining banquette, chef’s pantry, butler’s pantry, and breakfast bar. The master suite, with a connecting stately office, escorts you out to the porch and deck surrounding a sparkling pool and spa. The screened lanai is an entertaining delight, replete with stone fireplace and summer kitchen. A mini-apartment adds another wonderful feature to this already impressive home. 30 Ballybunion Way, Colleton River Plantation
5
5.5
Bedrooms
Bathrooms
5,000 Htd. Square Feet
The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first four months of any year in the history of our area according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first four months’ record of 795 homes sold. In the first four months of 2017 though, 937 homes were sold. In other positive news, home values in just the first four months of 2017 were up 3.4% over 2016 prices, but still 23% below the peak set in 2005. If the record-setting pace of sales continues, we could see an annual appreciation rate in the neighborhood of 10%, meaning that a $500,000 home a year from now could sell for $550,000. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area.
$1,499,900 All MLS Colleton River
C
O UN N D T E R R A C T
Historical Median Sales Price Rolling 12-Month Calculation
Waterfront Bliss This Lee & Miller estate is a boater’s paradise with a deep-water dock and two boat lifts.Includes 4 6.5 marble floors, a curved glass staircase, a mahogany pub with 7,060 wine room, and a dazzling pool and spa. The master bedroom boasts a sitting area, fireplace and two luxury baths. 42 Magnolia Blossom Drive, Colleton River Plantation $2,100,000 Bedrooms
Bathrooms
Htd. Square Feet
A Private Oasis Impeccable detail and design! Elite home with a 180° marsh vista upgraded throughout with a beautifully decorated open floor plan. Large deck affords entertaining to the max. High-end kitchen, resort-quality guest suites, hardwood flooring. 6 Brenton Court, Colleton River Plantation
5
5.5
Bedrooms
Bathrooms
5,400 Htd. Square Feet
$891,900
Inventory of Homes For Sale 30
COMMUNITY SPECIALIST The Linda Rudd Team is your Colleton River Specialist. We’ve
$10,000,000
24
20
$8,000,000
18
$6,000,000
15 PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader
Hilton Head Is., SC
Telephone: 843-816-5522 • linda.rudd@evusa.com
Rick Turner Telephone: 843-816-0796 • rick.turner@evusa.com Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Website: www.hiltonheadislandbluffton.evusa.com ©2017 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
Local Postal Customer
12
10
$4,000,000
6
5 0
Total Value of Homes Closed $12,000,000
30
25
brought buyers to, and sold, over 24 properties in the community. Please contact us if you’d like a no-obligation home valuation.
Number of Closed Home Sales
28
29
On 04/30/16
On 04/30/17
0
$2,000,000 11
1st Four Months of 2016
5
1st Four Months of 2017
0
$10,859,000
$4,185,000
1 Four Months of 2016
1 Four Months of 2017
st
st
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through May 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.
Colleton River Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold
28 Seven Oaks Drive 5 High Ponds Lane 87 Oak Tree Road 165 Inverness Drive 42 Magnolia Blossom Drive 53 Hawthorne Road 29 Mulberry Road 17 Middleton Gardens Place 12 Ballybunion Way 7 Ballybunion Way 4 Honors Court 9 Stoney Park Lane 24 Inverness Drive 26 Middleton Gardens Place 57 Magnolia Blossom Drive 75 Inverness Drive 6 Whitehall Drive 122 Inverness Drive 53 Colleton River Drive 55 Colleton River Drive 9 Magnolia Blossom Drive 17 Double Eagle Drive 4 Fairfield Court 15 Colleton River Drive 17 Magnolia Blossom Drive 7 Middleton Gardens Place 7 Millbrook Court 2 Fairfield Court 15 Ashley Hall Drive 14 Somerset Point 30 Ballybunion Way 94 Inverness Drive 54 Inverness Drive 6 Brenton Court 71 Inverness Drive 8 Ballybunion Way 10 Ballybunion Way 12 Hawthorne Road 21 Ashley Hall Drive 38 Whitehall Drive 2 Double Eagle Drive 50 Inverness Drive 35 Hawthorne Road 5 Spring Hill Court
Deep Water, River Deep Water Deep Water, Marsh Deep Water Deep Water, River Deep Water, Marsh Marsh, River Marsh, River Golf Golf, Lagoon Golf, River Marsh Golf, Lagoon Marsh Golf, Lagoon Lake Golf, Lagoon Deep Water, Golf Golf Golf, Lagoon Golf, Lagoon Golf, Marsh Golf, Lagoon Golf, Lagoon Golf Golf, Lagoon Golf Golf, Lagoon Lagoon Golf, River Golf, Lagoon Golf, Lagoon Golf Marsh, River Lagoon, Pool Golf Golf Golf, Lagoon Golf, Lagoon Marsh Golf, Lagoon Golf, Wooded Golf, Lagoon Golf, Lake
TOTAL YEAR APPROX. FULL BATHS HALF BATHS BEDROOMS BUILT SQ. FOOTAGE 6 6 7 2004 20,099 4 4 2 1997 7,600 4 4 2 2000 6,628 4 5 1 2011 5,436 4 6 1 1995 7,060 5 4 1 2003 5,904 4 4 1 2006 5,075 4 4 1 2002 5,392 4 5 2 2002 6,500 4 5 1 2001 6,426 4 5 0 2002 4,451 4 5 1 2000 3,898 4 4 1 2017 3,519 4 4 1 1999 4,250 5 5 0 1995 4,515 4 4 1 2004 4,120 4 4 1 2012 4,000 4 4 1 2015 3,500 5 5 1 1996 2,540 4 4 1 1994 3,242 3 3 1 1999 3,720 4 4 2 1997 5,029 4 3 1 2000 4,719 4 4 1 1995 4,161 4 4 1 1995 4,185 4 3 1 1993 3,800 4 4 1 2016 3,237 5 3 1 1999 4,835 3 3 1 1997 3,898 5 6 1 2009 5,860 5 5 1 2012 5,000 4 4 1 2016 4,200 5 4 1 2002 4,279 5 5 1 2000 5,400 4 5 0 2001 5,237 4 4 1 2006 4,300 4 4 1 2007 4,644 3 3 1 1995 4,262 4 3 1 1994 3,890 4 4 1 2010 4,350 4 4 1 2003 4,720 4 4 1 2011 4,656 3 3 1 1999 4,176 5 5 0 1999 3,928
Colleton River Lot Listings LIST PRICE CLOSE PRICE $9,950,000 $3,900,000 $3,250,000 $2,395,000 $2,350,000 $1,699,000 $1,599,000 $1,499,000 $1,229,000 $1,195,000 $995,000 $975,000 $975,000 $895,000 $895,000 $895,000 $895,000 $869,000 $799,000 $799,000 $795,000 $750,000 $749,000 $739,000 $679,000 $649,000 $599,900 $549,000 $539,000 $1,795,000 $1,499,900 $1,239,000 $895,000 $891,900 $795,000 $724,500 $625,000 $599,000 $529,000 $1,010,000 $975,000 $830,000 $720,000 $650,000
------------------------------------------------------------------------------$1,010,000 $975,000 $830,000 $720,000 $650,000
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active
ADDRESS 93 Inverness Drive 147 Inverness Drive 157 Inverness Drive 81 Inverness Drive 14 Turnberry Way 162 Inverness Drive 8 Honors Court 6 High Ponds Lane 24 Middleton Gardens Place 49 Magnolia Blossom Drive 13 Hanover Way 11 Hanover Way 32 Hampton Lane 35 Magnolia Blossom Drive 36 Whitehall Drive 7 Mackays Point 58 Inverness Drive 56 Hawthorne Road 30 Inverness Drive 5 Kittansett Court 7 Magnolia Blossom Drive 7 Retreat Drive 8 Mansfield Circle 34 Hampton Lane 4 Drayton Hall 4 Middleburg Court
VIEW LIST PRICE CLOSE PRICE Marsh $1,300,000 --Marsh $850,000 --Marsh $800,000 --Marsh $389,000 --Marsh, River $325,000 --Golf, River $249,000 --Deep Water, Marsh $249,000 --Lagoon, Wooded $195,000 --Golf, Marsh $179,000 --Golf, River $149,000 --Golf, Marsh $149,000 --Golf, Marsh $125,000 --Landscape, Marsh $74,700 --Golf $69,000 --Golf, Marsh $65,000 --Golf, Lake $30,000 --Golf $29,000 --Golf, Lagoon $29,000 --Golf, Lagoon $25,000 --Golf, Lagoon $25,000 --Golf $25,000 --Golf, Lagoon $20,000 --Golf, Lagoon $19,900 --Wooded $19,000 --Golf $19,000 --Golf $10,000 ---
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Sold Sold Sold Sold Sold Sold Sold
ADDRESS 13 Hawthorne Road 15 Bayley Road 8 Whitehall Drive 18 Hawthorne Road 5 Boone Hall Court 3 Retreat Drive 25 Whitehall Drive 18 Bayley Road 6 Edgefield Lane 90 Inverness Drive 3 Brenton Court 4 Hanover Way 3 Middleburg Court 14 Ballybunion Way 8 Laurel Hill Court 22 Hawthorne Road 13 Colleton River Drive 30 Hampton Lane 41 Inverness Drive 10 Turnberry Way 8 Somerset Point 4 High Ponds Lane 109 Inverness Drive 15 Hampton Lane 19 Colleton River Drive 3 Millbrook Court
VIEW Golf Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf Marsh Golf, Lagoon Golf, Lagoon Lagoon Golf Golf, Lagoon Golf Golf Golf, Lagoon Golf Marsh, Sound Lake Marsh Golf, River Lake, Wooded Deep Water Golf, Lagoon Golf Golf
LIST PRICE CLOSE PRICE $9,900 --$9,500 --$7,500 --$5,000 --$5,000 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$209,000 --$1 --$317,500 $317,500 $288,000 $288,000 $215,000 $215,000 $120,000 $120,000 $20,000 $20,000 $1 $1 $1 $1
Urgency! Home Buyers and Sellers, Now’s The Perfect Time to Get Low Interest Rates
KEY TRENDS
Source: Freddie Mac, May 2017
30 YEAR FIXED RATE MORTGAGES FROM FREDDIE MAC As you can see from the 30 Year Fixed Rate Mortgages graph, mortgage rates have taken a dip here recently. Wow, what a privilege to get a 30 year fixed rate mortgage at 4.02%! However, it’s the second graphic, the Mortgage Rate Projections chart, which puts the “fear of throwing money away” into our hearts. Waiting a year to buy a $500,000 house could, according to this chart, cost a home buyer about $2000 extra interest per year on an 80% mortgage. That feels like “throwing money away” to us. At Engel & Völkers these two charts say to us that with these historic interest rates so low, now is an excellent time to either sell or buy whether that’s here in the Hilton Head Island-Bluffton area or in another part of the country. If you as a seller or buyer do want to take advantage of these interest rates, please call your Engel & Völkers Advisor today and they will provide you with expert advice on the wisest course of action for you.
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between February 1, 2017 and April 30, 2017
Freddie Mac, 05/2017
MORTGAGE RATE PROJECTIONS QUARTER
FANNIE MAE
MORTGAGE BANKERS ASSOCIATION
NATIONAL ASSOCIATION OF REALTORS
AVERAGE OF ALL THREE
2017 3Q
4.2%
4.4%
4.3%
4.30%
2017 4Q
4.3%
4.6%
4.5%
4.47%
2018 1Q
4.3%
4.7%
4.7%
4.57%
2018 2Q
4.3%
4.9%
4.9%
4.70%
Colleton River Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold
28 Seven Oaks Drive 5 High Ponds Lane 87 Oak Tree Road 165 Inverness Drive 42 Magnolia Blossom Drive 53 Hawthorne Road 29 Mulberry Road 17 Middleton Gardens Place 12 Ballybunion Way 7 Ballybunion Way 4 Honors Court 9 Stoney Park Lane 24 Inverness Drive 26 Middleton Gardens Place 57 Magnolia Blossom Drive 75 Inverness Drive 6 Whitehall Drive 122 Inverness Drive 53 Colleton River Drive 55 Colleton River Drive 9 Magnolia Blossom Drive 17 Double Eagle Drive 4 Fairfield Court 15 Colleton River Drive 17 Magnolia Blossom Drive 7 Middleton Gardens Place 7 Millbrook Court 2 Fairfield Court 15 Ashley Hall Drive 14 Somerset Point 30 Ballybunion Way 94 Inverness Drive 54 Inverness Drive 6 Brenton Court 71 Inverness Drive 8 Ballybunion Way 10 Ballybunion Way 12 Hawthorne Road 21 Ashley Hall Drive 38 Whitehall Drive 2 Double Eagle Drive 50 Inverness Drive 35 Hawthorne Road 5 Spring Hill Court
Deep Water, River Deep Water Deep Water, Marsh Deep Water Deep Water, River Deep Water, Marsh Marsh, River Marsh, River Golf Golf, Lagoon Golf, River Marsh Golf, Lagoon Marsh Golf, Lagoon Lake Golf, Lagoon Deep Water, Golf Golf Golf, Lagoon Golf, Lagoon Golf, Marsh Golf, Lagoon Golf, Lagoon Golf Golf, Lagoon Golf Golf, Lagoon Lagoon Golf, River Golf, Lagoon Golf, Lagoon Golf Marsh, River Lagoon, Pool Golf Golf Golf, Lagoon Golf, Lagoon Marsh Golf, Lagoon Golf, Wooded Golf, Lagoon Golf, Lake
TOTAL YEAR APPROX. FULL BATHS HALF BATHS BEDROOMS BUILT SQ. FOOTAGE 6 6 7 2004 20,099 4 4 2 1997 7,600 4 4 2 2000 6,628 4 5 1 2011 5,436 4 6 1 1995 7,060 5 4 1 2003 5,904 4 4 1 2006 5,075 4 4 1 2002 5,392 4 5 2 2002 6,500 4 5 1 2001 6,426 4 5 0 2002 4,451 4 5 1 2000 3,898 4 4 1 2017 3,519 4 4 1 1999 4,250 5 5 0 1995 4,515 4 4 1 2004 4,120 4 4 1 2012 4,000 4 4 1 2015 3,500 5 5 1 1996 2,540 4 4 1 1994 3,242 3 3 1 1999 3,720 4 4 2 1997 5,029 4 3 1 2000 4,719 4 4 1 1995 4,161 4 4 1 1995 4,185 4 3 1 1993 3,800 4 4 1 2016 3,237 5 3 1 1999 4,835 3 3 1 1997 3,898 5 6 1 2009 5,860 5 5 1 2012 5,000 4 4 1 2016 4,200 5 4 1 2002 4,279 5 5 1 2000 5,400 4 5 0 2001 5,237 4 4 1 2006 4,300 4 4 1 2007 4,644 3 3 1 1995 4,262 4 3 1 1994 3,890 4 4 1 2010 4,350 4 4 1 2003 4,720 4 4 1 2011 4,656 3 3 1 1999 4,176 5 5 0 1999 3,928
Colleton River Lot Listings LIST PRICE CLOSE PRICE $9,950,000 $3,900,000 $3,250,000 $2,395,000 $2,350,000 $1,699,000 $1,599,000 $1,499,000 $1,229,000 $1,195,000 $995,000 $975,000 $975,000 $895,000 $895,000 $895,000 $895,000 $869,000 $799,000 $799,000 $795,000 $750,000 $749,000 $739,000 $679,000 $649,000 $599,900 $549,000 $539,000 $1,795,000 $1,499,900 $1,239,000 $895,000 $891,900 $795,000 $724,500 $625,000 $599,000 $529,000 $1,010,000 $975,000 $830,000 $720,000 $650,000
------------------------------------------------------------------------------$1,010,000 $975,000 $830,000 $720,000 $650,000
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active
ADDRESS 93 Inverness Drive 147 Inverness Drive 157 Inverness Drive 81 Inverness Drive 14 Turnberry Way 162 Inverness Drive 8 Honors Court 6 High Ponds Lane 24 Middleton Gardens Place 49 Magnolia Blossom Drive 13 Hanover Way 11 Hanover Way 32 Hampton Lane 35 Magnolia Blossom Drive 36 Whitehall Drive 7 Mackays Point 58 Inverness Drive 56 Hawthorne Road 30 Inverness Drive 5 Kittansett Court 7 Magnolia Blossom Drive 7 Retreat Drive 8 Mansfield Circle 34 Hampton Lane 4 Drayton Hall 4 Middleburg Court
VIEW LIST PRICE CLOSE PRICE Marsh $1,300,000 --Marsh $850,000 --Marsh $800,000 --Marsh $389,000 --Marsh, River $325,000 --Golf, River $249,000 --Deep Water, Marsh $249,000 --Lagoon, Wooded $195,000 --Golf, Marsh $179,000 --Golf, River $149,000 --Golf, Marsh $149,000 --Golf, Marsh $125,000 --Landscape, Marsh $74,700 --Golf $69,000 --Golf, Marsh $65,000 --Golf, Lake $30,000 --Golf $29,000 --Golf, Lagoon $29,000 --Golf, Lagoon $25,000 --Golf, Lagoon $25,000 --Golf $25,000 --Golf, Lagoon $20,000 --Golf, Lagoon $19,900 --Wooded $19,000 --Golf $19,000 --Golf $10,000 ---
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Sold Sold Sold Sold Sold Sold Sold
ADDRESS 13 Hawthorne Road 15 Bayley Road 8 Whitehall Drive 18 Hawthorne Road 5 Boone Hall Court 3 Retreat Drive 25 Whitehall Drive 18 Bayley Road 6 Edgefield Lane 90 Inverness Drive 3 Brenton Court 4 Hanover Way 3 Middleburg Court 14 Ballybunion Way 8 Laurel Hill Court 22 Hawthorne Road 13 Colleton River Drive 30 Hampton Lane 41 Inverness Drive 10 Turnberry Way 8 Somerset Point 4 High Ponds Lane 109 Inverness Drive 15 Hampton Lane 19 Colleton River Drive 3 Millbrook Court
VIEW Golf Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf Marsh Golf, Lagoon Golf, Lagoon Lagoon Golf Golf, Lagoon Golf Golf Golf, Lagoon Golf Marsh, Sound Lake Marsh Golf, River Lake, Wooded Deep Water Golf, Lagoon Golf Golf
LIST PRICE CLOSE PRICE $9,900 --$9,500 --$7,500 --$5,000 --$5,000 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$209,000 --$1 --$317,500 $317,500 $288,000 $288,000 $215,000 $215,000 $120,000 $120,000 $20,000 $20,000 $1 $1 $1 $1
Urgency! Home Buyers and Sellers, Now’s The Perfect Time to Get Low Interest Rates
KEY TRENDS
Source: Freddie Mac, May 2017
30 YEAR FIXED RATE MORTGAGES FROM FREDDIE MAC As you can see from the 30 Year Fixed Rate Mortgages graph, mortgage rates have taken a dip here recently. Wow, what a privilege to get a 30 year fixed rate mortgage at 4.02%! However, it’s the second graphic, the Mortgage Rate Projections chart, which puts the “fear of throwing money away” into our hearts. Waiting a year to buy a $500,000 house could, according to this chart, cost a home buyer about $2000 extra interest per year on an 80% mortgage. That feels like “throwing money away” to us. At Engel & Völkers these two charts say to us that with these historic interest rates so low, now is an excellent time to either sell or buy whether that’s here in the Hilton Head Island-Bluffton area or in another part of the country. If you as a seller or buyer do want to take advantage of these interest rates, please call your Engel & Völkers Advisor today and they will provide you with expert advice on the wisest course of action for you.
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between February 1, 2017 and April 30, 2017
Freddie Mac, 05/2017
MORTGAGE RATE PROJECTIONS QUARTER
FANNIE MAE
MORTGAGE BANKERS ASSOCIATION
NATIONAL ASSOCIATION OF REALTORS
AVERAGE OF ALL THREE
2017 3Q
4.2%
4.4%
4.3%
4.30%
2017 4Q
4.3%
4.6%
4.5%
4.47%
2018 1Q
4.3%
4.7%
4.7%
4.57%
2018 2Q
4.3%
4.9%
4.9%
4.70%
THE STATE
C U O IN N ND 2 TR E D A R A C Y T S
Our Portfolio of Fine Homes for Sale in Colleton River
of the Colleton River Real Estate Market
May 2017 KEY METRICS
April 2017 in Review
In Colleton River, five homes closed in the first four months of 2017, compared to eleven last year. January through April’s total dollar volume was $4.185M, down compared to $10.859M in 2016. Supply and demand: as of May 17, 2017, there are 29 Colleton River homes listed for sale with an average of 1.33 home selling per month over the last six months. That translates into a 21.80-month supply, considered by industry experts to be a strong buyer’s market. There are 10 homes under contract in Colleton River. In the lot realm, nine lots closed in the first four months of 2017, compared to eight in the previous year. There are currently two lots under contract. How’s the Hilton Head Island - Bluffton Real Estate Market?
An Architectural Masterpiece Graced by magnificent live oaks on a serene cul-de-sac, this home displays beautiful custom cabinetry and trim throughout. The open-concept floor plan couples high ceilings with endless glass to create a sunlit ambience overlooking a mesmerizing 180° lagoon-to-golf vista. The designer kitchen offers Wolf and Sub-Zero appliances, exquisite countertops, a tailor-made dining banquette, chef’s pantry, butler’s pantry, and breakfast bar. The master suite, with a connecting stately office, escorts you out to the porch and deck surrounding a sparkling pool and spa. The screened lanai is an entertaining delight, replete with stone fireplace and summer kitchen. A mini-apartment adds another wonderful feature to this already impressive home. 30 Ballybunion Way, Colleton River Plantation
5
5.5
Bedrooms
Bathrooms
5,000 Htd. Square Feet
The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first four months of any year in the history of our area according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first four months’ record of 795 homes sold. In the first four months of 2017 though, 937 homes were sold. In other positive news, home values in just the first four months of 2017 were up 3.4% over 2016 prices, but still 23% below the peak set in 2005. If the record-setting pace of sales continues, we could see an annual appreciation rate in the neighborhood of 10%, meaning that a $500,000 home a year from now could sell for $550,000. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area.
$1,499,900 All MLS Colleton River
C
O UN N D T E R R A C T
Historical Median Sales Price Rolling 12-Month Calculation
Waterfront Bliss This Lee & Miller estate is a boater’s paradise with a deep-water dock and two boat lifts.Includes 4 6.5 marble floors, a curved glass staircase, a mahogany pub with 7,060 wine room, and a dazzling pool and spa. The master bedroom boasts a sitting area, fireplace and two luxury baths. 42 Magnolia Blossom Drive, Colleton River Plantation $2,100,000 Bedrooms
Bathrooms
Htd. Square Feet
A Private Oasis Impeccable detail and design! Elite home with a 180° marsh vista upgraded throughout with a beautifully decorated open floor plan. Large deck affords entertaining to the max. High-end kitchen, resort-quality guest suites, hardwood flooring. 6 Brenton Court, Colleton River Plantation
5
5.5
Bedrooms
Bathrooms
5,400 Htd. Square Feet
$891,900
Inventory of Homes For Sale 30
COMMUNITY SPECIALIST The Linda Rudd Team is your Colleton River Specialist. We’ve
$10,000,000
24
20
$8,000,000
18
$6,000,000
15 PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader
Hilton Head Is., SC
Telephone: 843-816-5522 • linda.rudd@evusa.com
Rick Turner Telephone: 843-816-0796 • rick.turner@evusa.com Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Website: www.hiltonheadislandbluffton.evusa.com ©2017 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
Local Postal Customer
12
10
$4,000,000
6
5 0
Total Value of Homes Closed $12,000,000
30
25
brought buyers to, and sold, over 24 properties in the community. Please contact us if you’d like a no-obligation home valuation.
Number of Closed Home Sales
28
29
On 04/30/16
On 04/30/17
0
$2,000,000 11
1st Four Months of 2016
5
1st Four Months of 2017
0
$10,859,000
$4,185,000
1 Four Months of 2016
1 Four Months of 2017
st
st
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through May 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.