THE STATE
Our Portfolio of Successful Sales in Colleton River S 2 OL D D A Y S
of the Colleton River Real Estate Market
IN
August 2017 KEY METRICS
The First Seven Months of 2017 in Review Sales Up in Colleton River
In Colleton River, 20 homes closed in the first seven months of 2017, compared to 18 last year. January through July’s total dollar volume was $17.419M, up slightly compared to $16.550M in 2016. Supply and demand: as of August 16, 2017, there are 25 Colleton River homes listed for sale with an average of 3.33 home selling per month over the last six months. That translates into a 7.51-month supply, considered by industry experts to be a buyer’s market. There are two homes under contract in Colleton River. In the lot realm,13 lots closed in the first seven months of 2017, compared to eleven 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 cab5 5.5 inetry 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, Bedrooms Bathrooms a tailor-made dining banquette, chef’s pantry, butler’s pantry, and breakfast bar. The master suite, with a connecting stately office, 5,000 escorts you out to the porch and deck surrounding a sparkling pool and spa. The screened lanai is an entertaining delight, replete Htd. Square Feet with stone fireplace and summer kitchen. A mini-apartment adds another wonderful feature to this already impressive home. 30 Ballybunion Way, Colleton River Sold Price - $1,430,000
The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first seven 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 seven months’ record of 1,572 homes sold. In the first seven months of 2017 though, 1,991 homes were sold, a dramatic 27% increase. In other positive news, home values in just the first seven months of 2017 were up 2.5% over 2016 prices, but still 25% below the peak set in 2005. 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.
All MLS Colleton River
D L O S
S
O
L
D
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 Dr, Colleton River Sold Price - $1,850,000 Bedrooms
Bathrooms
Htd. Square Feet
A Private Oasis Impeccable detail and design! Elite home with a 180° marsh vista upgraded throughout with a beau- 5 5.5 tifully decorated open floor plan. Large deck affords enter5,400 taining to the max. High-end kitchen, resort-quality guest suites, hardwood flooring. 6 Brenton Court, Colleton River Sold Price - $845,000 Bedrooms
Bathrooms
Htd. Square Feet
Inventory of Homes For Sale 30
COMMUNITY SPECIALIST The Linda Rudd Team is your Colleton River Specialist. We’ve
24
20
$15,000,000
18 $10,000,000
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
$5,000,000
6
5 0
Total Value of Homes Closed $20,000,000
30
25
brought buyers to, and sold, over 35 properties in the community. Please contact us if you’d like a no-obligation home valuation.
Number of Closed Home Sales
28
24
On 07/31/16
On 07/31/17
0
18
20
1st Seven Months of 2016 1st Seven Months of 2017
0
$16,550,000
$17,419,000
1st Seven Months of 2016 1st Seven Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through August 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 Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
28 Seven Oaks Drive 5 High Ponds Lane 87 Oak Tree Road 121 Inverness Drive 165 Inverness Drive 29 Mulberry Road 53 Hawthorne Road 17 Middleton Gardens Place 10 Spring Hill Court 12 Ballybunion Way 7 Ballybunion Way 4 Honors Court 5 Inverness Drive 9 Stoney Park Lane 57 Magnolia Blossom Drive 75 Inverness Drive 122 Inverness Drive 55 Colleton River Drive 9 Magnolia Blossom Drive 8 Ballybunion Way 17 Double Eagle Drive 7 Middleton Gardens Place 4 Fairfield Court 7 Millbrook Court 4 Bayley Road 19 Middleton Gardens Place 24 Inverness Drive 42 Magnolia Blossom Drive 14 Somerset Point 30 Ballybunion Way 94 Inverness Drive 54 Inverness Drive 6 Brenton Court 6 Whitehall Drive 71 Inverness Drive 6 Double Eagle Drive 10 Ballybunion Way 12 Hawthorne Road 21 Ashley Hall Drive 36 Hawthorne Road 2 Fairfield Court 35 Colleton River Drive
Deep Water, River Deep Water Deep Water, Marsh Marsh, Pool Deep Water Marsh, River Deep Water, Marsh Marsh, River Golf, Marsh Golf Golf, Lagoon/Canal Golf, River Lagoon/Canal, Lake Marsh Golf, Lagoon/Canal Lake Deep Water, Golf Golf, Lagoon/Canal Golf, Lagoon/Canal Golf Golf, Marsh Golf, Lagoon/Canal Golf, Lagoon/Canal Golf Landscape Marsh Golf, Lagoon/Canal Deep Water, River Golf, River Golf, Lagoon/Canal Golf, Lagoon/Canal Golf Marsh, River Golf, Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Golf Golf, Lagoon/Canal Golf, Lagoon/Canal Golf, Marsh Golf, Lagoon/Canal Golf, Marsh
Colleton River Lot Listings
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 7 20,099 2004 $9,950,000 --4 4 2 7,600 1997 $3,900,000 --4 4 2 6,628 2000 $3,250,000 --5 6 1 5,681 2007 $2,995,000 --4 5 1 5,436 2011 $2,150,000 --4 4 1 5,075 2006 $1,599,000 --5 4 1 5,904 2003 $1,529,000 --4 4 1 5,392 2002 $1,499,000 --4 5 0 3,800 2011 $1,299,500 --4 5 2 6,500 2002 $1,229,000 --4 5 1 6,426 2001 $1,195,000 --4 5 0 4,451 2002 $995,000 --4 4 1 3,531 2017 $987,000 --4 5 1 3,898 2000 $975,000 --5 5 0 4,515 1995 $895,000 --4 4 1 4,120 2004 $895,000 --4 4 1 3,500 2015 $869,000 --4 4 1 3,242 1994 $799,000 --3 3 1 3,720 1999 $760,000 --4 4 1 4,300 2006 $699,900 --4 4 2 5,029 1997 $699,000 --4 3 1 3,800 1993 $649,000 --4 3 1 4,719 2000 $629,000 --4 4 1 3,237 2016 $599,000 --3 3 1 3,878 1999 $599,000 --4 4 2 5,563 2008 $1,495,000 --4 4 1 3,519 2017 $975,000 --4 6 1 7,060 1995 $1,850,000 $1,850,000 5 6 1 5,860 2009 $1,700,000 $1,700,000 5 5 1 5,000 2012 $1,430,000 $1,430,000 4 4 1 4,200 2016 $1,150,000 $1,150,000 5 4 1 4,279 2002 $850,000 $850,000 5 5 1 5,400 2000 $845,000 $845,000 4 4 1 4,000 2012 $845,000 $845,000 4 5 0 5,237 2001 $750,000 $750,000 5 5 1 4,578 2003 $749,000 $749,000 4 4 1 4,644 2007 $575,000 $575,000 3 3 1 4,262 1995 $572,000 $572,000 4 3 1 3,890 1994 $525,000 $525,000 4 4 0 3,679 1995 $515,000 $515,000 5 3 1 4,835 1999 $488,250 $488,250 3 3 1 2,772 2006 $389,900 $389,900
An App That Moves You
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
ADDRESS 93 Inverness Drive 147 Inverness Drive 157 Inverness Drive 81 Inverness Drive 14 Turnberry Way 8 Honors Court 162 Inverness Drive 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 1 Magnolia Blossom Drive 36 Whitehall Drive 20 Inverness Drive 7 Retreat Drive 4 Drayton Hall 7 Mackays Point 4 Middleburg Court 2 Mansfield Circle 13 Hawthorne Road 8 Mansfield Circle
VIEW LIST PRICE CLOSE PRICE Marsh $1,300,000 --Marsh $850,000 --Marsh $800,000 --Marsh $339,000 --Marsh, River $325,000 --Deep Water, Marsh $249,000 --Golf, River $239,000 --Lagoon/Canal, 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, Lagoon/Canal $69,000 --Golf, Marsh $65,000 --Golf, Wooded $39,000 --Golf, Lagoon/Canal $20,000 --Golf $19,000 --Golf, Lake $17,500 --Golf $10,000 --Golf, Lagoon/Canal $10,000 --Golf $9,900 --Golf, Lagoon/Canal $9,000 ---
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Sold Sold Sold Sold
ADDRESS 56 Hawthorne Road 18 Hawthorne Road 5 Boone Hall Court 15 Bayley Road 31 Ashley Hall Drive 34 Hampton Lane 3 Retreat Drive 25 Whitehall Drive 6 Edgefield Lane 90 Inverness Drive 3 Brenton Court 4 Hanover Way 3 Middleburg Court 8 Laurel Hill Court 7 Magnolia Blossom Drive 13 Colleton River Drive 5 Hawthorne Road 2 Baltusrol Circle 41 Inverness Drive 22 Hawthorne Road 30 Hampton Lane 8 Whitehall Drive 18 Bayley Road 14 Ballybunion Way
VIEW Golf, Marsh Golf, Lagoon/Canal Golf, Lagoon/Canal Golf, Lagoon/Canal Golf, Lagoon/Canal Wooded Golf, Lagoon/Canal Golf Golf, Lagoon/Canal Golf, Lagoon/Canal Lagoon/Canal Golf Golf, Lagoon/Canal Golf Golf Golf Golf Lagoon/Canal, Lake Lake Golf, Lagoon/Canal Marsh, Sound Golf, Lagoon/Canal Marsh Golf
LIST PRICE CLOSE PRICE $7,500 --$5,000 --$5,000 --$4,900 --$3,500 --$79 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$185,000 $185,000 $7,500 $7,500 $1 $1 $1 $1
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between May 1, 2017 and July 31, 2017
LINDA RUDD TEAM ACCOLADES
A decade after the Great Recession, the housing market is rebounding. House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust. The spoiler is the lean inventory of houses for sale.
TECH FOCUS
- SEAN BECKETTI, FREDDIE MAC CHIEF ECONOMIST
1. Ranked as “America’s Best of the Best” Top 1% of 19,452 SC Realtors by Real Trends in 2016. 2. Ranked as the #4 Team in Engel & Völkers North America in 2016. 3. Recipient of prestigious Engel & Völkers’ President’s Circle Award in 2015 and 2016.
The Engel & Völkers Mobile Real Estate Strategy Did you know that the majority of real estate related searches happen on mobile devices? To meet the needs of today’s mobile clientele, Engel & Völkers offers the EV Real Estate app to help you get your listing directly into the hands of potential buyers. The easy-to-use app provides users across North America with access to all homes for sale with the details they need to help make their real estate move. No matter where our clients are, we’ve got them covered! With the app, users have 24/7 access to homes for sale in their neighborhood and beyond. Users can search for homes based on their current location or by simply adding an address, city or zip code. For sellers, the app allows you to view your listing exactly how potential buyers see it, in addition to comparable listings in your market. You can share your listing via text or email from the app to increase exposure. To enjoy the EV Real Estate experience visit http://app.evrealestate.com/ evhiltonheadisland and feel free to share with friends and family. If you have any questions or would like to speak about your real estate goals, feel free to contact us directly or through EV Real Estate.
Don’t Miss Out On This Historic Opportunity • Home prices around the country are higher than ever. • Unlike the rest of the country, home prices in the Hilton Head Island-Bluffton area are still 25% below the “higher-than-ever” prices. • Interest rates are at near-record-lows. • The timing is excellent to move to, or invest in, real estate in the Hilton Head Island-Bluffton area!
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 Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
28 Seven Oaks Drive 5 High Ponds Lane 87 Oak Tree Road 121 Inverness Drive 165 Inverness Drive 29 Mulberry Road 53 Hawthorne Road 17 Middleton Gardens Place 10 Spring Hill Court 12 Ballybunion Way 7 Ballybunion Way 4 Honors Court 5 Inverness Drive 9 Stoney Park Lane 57 Magnolia Blossom Drive 75 Inverness Drive 122 Inverness Drive 55 Colleton River Drive 9 Magnolia Blossom Drive 8 Ballybunion Way 17 Double Eagle Drive 7 Middleton Gardens Place 4 Fairfield Court 7 Millbrook Court 4 Bayley Road 19 Middleton Gardens Place 24 Inverness Drive 42 Magnolia Blossom Drive 14 Somerset Point 30 Ballybunion Way 94 Inverness Drive 54 Inverness Drive 6 Brenton Court 6 Whitehall Drive 71 Inverness Drive 6 Double Eagle Drive 10 Ballybunion Way 12 Hawthorne Road 21 Ashley Hall Drive 36 Hawthorne Road 2 Fairfield Court 35 Colleton River Drive
Deep Water, River Deep Water Deep Water, Marsh Marsh, Pool Deep Water Marsh, River Deep Water, Marsh Marsh, River Golf, Marsh Golf Golf, Lagoon/Canal Golf, River Lagoon/Canal, Lake Marsh Golf, Lagoon/Canal Lake Deep Water, Golf Golf, Lagoon/Canal Golf, Lagoon/Canal Golf Golf, Marsh Golf, Lagoon/Canal Golf, Lagoon/Canal Golf Landscape Marsh Golf, Lagoon/Canal Deep Water, River Golf, River Golf, Lagoon/Canal Golf, Lagoon/Canal Golf Marsh, River Golf, Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Golf Golf, Lagoon/Canal Golf, Lagoon/Canal Golf, Marsh Golf, Lagoon/Canal Golf, Marsh
Colleton River Lot Listings
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 7 20,099 2004 $9,950,000 --4 4 2 7,600 1997 $3,900,000 --4 4 2 6,628 2000 $3,250,000 --5 6 1 5,681 2007 $2,995,000 --4 5 1 5,436 2011 $2,150,000 --4 4 1 5,075 2006 $1,599,000 --5 4 1 5,904 2003 $1,529,000 --4 4 1 5,392 2002 $1,499,000 --4 5 0 3,800 2011 $1,299,500 --4 5 2 6,500 2002 $1,229,000 --4 5 1 6,426 2001 $1,195,000 --4 5 0 4,451 2002 $995,000 --4 4 1 3,531 2017 $987,000 --4 5 1 3,898 2000 $975,000 --5 5 0 4,515 1995 $895,000 --4 4 1 4,120 2004 $895,000 --4 4 1 3,500 2015 $869,000 --4 4 1 3,242 1994 $799,000 --3 3 1 3,720 1999 $760,000 --4 4 1 4,300 2006 $699,900 --4 4 2 5,029 1997 $699,000 --4 3 1 3,800 1993 $649,000 --4 3 1 4,719 2000 $629,000 --4 4 1 3,237 2016 $599,000 --3 3 1 3,878 1999 $599,000 --4 4 2 5,563 2008 $1,495,000 --4 4 1 3,519 2017 $975,000 --4 6 1 7,060 1995 $1,850,000 $1,850,000 5 6 1 5,860 2009 $1,700,000 $1,700,000 5 5 1 5,000 2012 $1,430,000 $1,430,000 4 4 1 4,200 2016 $1,150,000 $1,150,000 5 4 1 4,279 2002 $850,000 $850,000 5 5 1 5,400 2000 $845,000 $845,000 4 4 1 4,000 2012 $845,000 $845,000 4 5 0 5,237 2001 $750,000 $750,000 5 5 1 4,578 2003 $749,000 $749,000 4 4 1 4,644 2007 $575,000 $575,000 3 3 1 4,262 1995 $572,000 $572,000 4 3 1 3,890 1994 $525,000 $525,000 4 4 0 3,679 1995 $515,000 $515,000 5 3 1 4,835 1999 $488,250 $488,250 3 3 1 2,772 2006 $389,900 $389,900
An App That Moves You
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
ADDRESS 93 Inverness Drive 147 Inverness Drive 157 Inverness Drive 81 Inverness Drive 14 Turnberry Way 8 Honors Court 162 Inverness Drive 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 1 Magnolia Blossom Drive 36 Whitehall Drive 20 Inverness Drive 7 Retreat Drive 4 Drayton Hall 7 Mackays Point 4 Middleburg Court 2 Mansfield Circle 13 Hawthorne Road 8 Mansfield Circle
VIEW LIST PRICE CLOSE PRICE Marsh $1,300,000 --Marsh $850,000 --Marsh $800,000 --Marsh $339,000 --Marsh, River $325,000 --Deep Water, Marsh $249,000 --Golf, River $239,000 --Lagoon/Canal, 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, Lagoon/Canal $69,000 --Golf, Marsh $65,000 --Golf, Wooded $39,000 --Golf, Lagoon/Canal $20,000 --Golf $19,000 --Golf, Lake $17,500 --Golf $10,000 --Golf, Lagoon/Canal $10,000 --Golf $9,900 --Golf, Lagoon/Canal $9,000 ---
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Sold Sold Sold Sold
ADDRESS 56 Hawthorne Road 18 Hawthorne Road 5 Boone Hall Court 15 Bayley Road 31 Ashley Hall Drive 34 Hampton Lane 3 Retreat Drive 25 Whitehall Drive 6 Edgefield Lane 90 Inverness Drive 3 Brenton Court 4 Hanover Way 3 Middleburg Court 8 Laurel Hill Court 7 Magnolia Blossom Drive 13 Colleton River Drive 5 Hawthorne Road 2 Baltusrol Circle 41 Inverness Drive 22 Hawthorne Road 30 Hampton Lane 8 Whitehall Drive 18 Bayley Road 14 Ballybunion Way
VIEW Golf, Marsh Golf, Lagoon/Canal Golf, Lagoon/Canal Golf, Lagoon/Canal Golf, Lagoon/Canal Wooded Golf, Lagoon/Canal Golf Golf, Lagoon/Canal Golf, Lagoon/Canal Lagoon/Canal Golf Golf, Lagoon/Canal Golf Golf Golf Golf Lagoon/Canal, Lake Lake Golf, Lagoon/Canal Marsh, Sound Golf, Lagoon/Canal Marsh Golf
LIST PRICE CLOSE PRICE $7,500 --$5,000 --$5,000 --$4,900 --$3,500 --$79 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$185,000 $185,000 $7,500 $7,500 $1 $1 $1 $1
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between May 1, 2017 and July 31, 2017
LINDA RUDD TEAM ACCOLADES
A decade after the Great Recession, the housing market is rebounding. House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust. The spoiler is the lean inventory of houses for sale.
TECH FOCUS
- SEAN BECKETTI, FREDDIE MAC CHIEF ECONOMIST
1. Ranked as “America’s Best of the Best” Top 1% of 19,452 SC Realtors by Real Trends in 2016. 2. Ranked as the #4 Team in Engel & Völkers North America in 2016. 3. Recipient of prestigious Engel & Völkers’ President’s Circle Award in 2015 and 2016.
The Engel & Völkers Mobile Real Estate Strategy Did you know that the majority of real estate related searches happen on mobile devices? To meet the needs of today’s mobile clientele, Engel & Völkers offers the EV Real Estate app to help you get your listing directly into the hands of potential buyers. The easy-to-use app provides users across North America with access to all homes for sale with the details they need to help make their real estate move. No matter where our clients are, we’ve got them covered! With the app, users have 24/7 access to homes for sale in their neighborhood and beyond. Users can search for homes based on their current location or by simply adding an address, city or zip code. For sellers, the app allows you to view your listing exactly how potential buyers see it, in addition to comparable listings in your market. You can share your listing via text or email from the app to increase exposure. To enjoy the EV Real Estate experience visit http://app.evrealestate.com/ evhiltonheadisland and feel free to share with friends and family. If you have any questions or would like to speak about your real estate goals, feel free to contact us directly or through EV Real Estate.
Don’t Miss Out On This Historic Opportunity • Home prices around the country are higher than ever. • Unlike the rest of the country, home prices in the Hilton Head Island-Bluffton area are still 25% below the “higher-than-ever” prices. • Interest rates are at near-record-lows. • The timing is excellent to move to, or invest in, real estate in the Hilton Head Island-Bluffton area!
THE STATE
Our Portfolio of Successful Sales in Colleton River S 2 OL D D A Y S
of the Colleton River Real Estate Market
IN
August 2017 KEY METRICS
The First Seven Months of 2017 in Review Sales Up in Colleton River
In Colleton River, 20 homes closed in the first seven months of 2017, compared to 18 last year. January through July’s total dollar volume was $17.419M, up slightly compared to $16.550M in 2016. Supply and demand: as of August 16, 2017, there are 25 Colleton River homes listed for sale with an average of 3.33 home selling per month over the last six months. That translates into a 7.51-month supply, considered by industry experts to be a buyer’s market. There are two homes under contract in Colleton River. In the lot realm,13 lots closed in the first seven months of 2017, compared to eleven 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 cab5 5.5 inetry 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, Bedrooms Bathrooms a tailor-made dining banquette, chef’s pantry, butler’s pantry, and breakfast bar. The master suite, with a connecting stately office, 5,000 escorts you out to the porch and deck surrounding a sparkling pool and spa. The screened lanai is an entertaining delight, replete Htd. Square Feet with stone fireplace and summer kitchen. A mini-apartment adds another wonderful feature to this already impressive home. 30 Ballybunion Way, Colleton River Sold Price - $1,430,000
The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first seven 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 seven months’ record of 1,572 homes sold. In the first seven months of 2017 though, 1,991 homes were sold, a dramatic 27% increase. In other positive news, home values in just the first seven months of 2017 were up 2.5% over 2016 prices, but still 25% below the peak set in 2005. 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.
All MLS Colleton River
D L O S
S
O
L
D
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 Dr, Colleton River Sold Price - $1,850,000 Bedrooms
Bathrooms
Htd. Square Feet
A Private Oasis Impeccable detail and design! Elite home with a 180° marsh vista upgraded throughout with a beau- 5 5.5 tifully decorated open floor plan. Large deck affords enter5,400 taining to the max. High-end kitchen, resort-quality guest suites, hardwood flooring. 6 Brenton Court, Colleton River Sold Price - $845,000 Bedrooms
Bathrooms
Htd. Square Feet
Inventory of Homes For Sale 30
COMMUNITY SPECIALIST The Linda Rudd Team is your Colleton River Specialist. We’ve
24
20
$15,000,000
18 $10,000,000
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
$5,000,000
6
5 0
Total Value of Homes Closed $20,000,000
30
25
brought buyers to, and sold, over 35 properties in the community. Please contact us if you’d like a no-obligation home valuation.
Number of Closed Home Sales
28
24
On 07/31/16
On 07/31/17
0
18
20
1st Seven Months of 2016 1st Seven Months of 2017
0
$16,550,000
$17,419,000
1st Seven Months of 2016 1st Seven Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through August 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.