THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
January 2018
KEY METRICS
2017 Year-End in Review
In Colleton River, 27 homes closed in 2017, compared to 22 at the end of 2016. January through December’s total to dollar volume was $24.148M, more compared $21.342M in 2016. Supply and demand: as of January 3rd, 2018, there are 32 Colleton River homes listed for sale with an average of 3.67 home selling per month over the last six months. That translates into a 8.72-month supply, considered by industry experts to be a buyer’s market. There are currently no homes under contract in Colleton River. In the lot realm, 24 lots closed in 2017, compared to 18 in the previous year. There are currently two lots under contract.
N M E A W R T K O E T
N M E A W R T K O E T
Top Quality and Golf Prestige Offered on a peaceful cul-de-sac street on a sweeping golf course vista is this exceptional home with extensive woodwork and trim. The kitchen is a “ten” with high-end cabinetry, a breakfast bar, granite counters, stainless steel appliances, a gas cooktop, a double oven, a wine closet and sunlit breakfast dining – open to the spacious family room. The bright family room is crowned with a brick-surround fireplace and views out to the pool and beyond. More entertaining options are available in the open dining room with a butler’s pantry and living room right off the family room. The master suite includes his ‘n hers baths and closets. An office, guest suites, 2nd laundry room, elevator, and a pool and spa are just a taste of the home’s amenities. 12 Ballybunion Way, Colleton River 4 Bedrooms | 5 Full and 2 Half Bathrooms | 6,500 Htd. SqFt | $1,199,500
27
$845,000
94.74%
181
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
691 41 Colleton River Drive, Colleton River
4 Bedrooms | 4 Bathrooms | 3,800 Htd. SqFt | $725,000
COMMUNITY SPECIALIST
1 Spring Hill Court, Colleton River
5 Bedrooms | 5.5 Bathrooms | 4,702 Htd. SqFt | $905,000 4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000
The Linda Rudd Team is your Colleton River Specialist. We’ve brought buyers to, and sold, over 35 properties in the community. Please contact us if you’d like a no-obligation home valuation.
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader Telephone: 843-816-5522 • linda.rudd@evusa.com Telephone: 843-816-0796 • rick.turner@evusa.com
Website: www.lindaruddteam.evusa.com ©2018 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.
YTD Greater Bluffton Home Sales Year
Number of Homes Sold
Median Price
2013
1,556
$229,000
2014
1,438
$245,000
2015
1,754
$265,000
2016
1,958
$280,000
2017
2,036
$295,000
Hilton Head Is., SC
Rick Turner 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
How’s the Bluffton Real Estate Market Doing?
4 Spring Hill Court, Colleton River
Local Postal Customer
The Greater Bluffton housing market continues to be on fire, setting the all-time record for 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, homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 1,172 sales. In 2017 though, an extraordinary 2,036 homes were sold, bettering the pre-recession peak by 27%. In other positive news, home values in 2017 were up 5.4% over 2016 prices. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to purchase real estate in our area. This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 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 TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 28 Seven Oaks Drive Deep Water, River 6 6 7 20,099 2004 $9,950,000 --Active 5 High Ponds Lane Deep Water 5 4 2 7,944 1997 $3,900,000 --Active 121 Inverness Drive Marsh, Pool 5 6 1 5,681 2007 $2,995,000 --Active 87 Oak Tree Road Deep Water, Marsh 4 4 2 6,628 2000 $2,950,000 --Active 29 Mulberry Road Marsh, River 4 4 1 5,075 2006 $1,499,999 --Active 4 Middleton Gardens Pl Golf, Marsh 4 4 1 5,218 2017 $1,425,000 --Active 14 Wedgewood Circle Marsh 4 4 1 4,443 1999 $1,400,000 --Active 53 Hawthorne Road Deep Water, Marsh 5 4 1 5,904 2003 $1,399,000 --Active 17 Middleton Gardens Place Marsh, River 4 4 1 5,392 2002 $1,369,900 --Active 21 Hanover Way Golf, Marsh 6 6 1 6,210 2001 $1,349,000 --Active 15 Hanover Way Golf, Marsh 4 4 1 5,064 2008 $1,299,000 --Active 12 Ballybunion Way Golf 4 5 2 6,500 2002 $1,199,500 --Active 12 Lawsons Pond Court Golf 4 4 1 4,100 2015 $1,199,000 --Active 5 Inverness Drive Lagoon/Canal, Lake 4 4 1 3,531 2017 $987,000 --Active 9 Stoney Park Lane Marsh 4 5 1 3,898 2000 $975,000 --Active 1 Spring Hill Court Golf, Lagoon/Canal 5 5 1 4,702 2000 $905,000 --Active 75 Inverness Drive Lake 4 4 1 4,120 2004 $895,000 --Active 82 Inverness Dr Golf 4 4 1 4,452 2000 $895,000 --Active 4 Spring Hill Court Golf, Lagoon/Canal 4 4 1 5,543 1995 $860,000 --Active 122 Inverness Drive Deep Water, Golf 4 4 1 3,500 2015 $839,000 --Active 54 Hawthorne Road Golf, Lagoon/Canal 5 5 1 3,700 2013 $799,000 --Active 57 Magnolia Blossom Drive Golf, Lagoon/Canal 5 5 0 4,515 1995 $795,000 --Active 44 Colleton River Drive Golf 4 4 0 3,354 2000 $795,000 --Active 55 Colleton River Drive Golf, Lagoon/Canal 4 4 1 3,242 1994 $775,000 --Active 9 Magnolia Blossom Drive Golf, Lagoon/Canal 3 3 1 3,720 1999 $749,900 --Active 9 Hanover Way Marsh 4 4 0 3,252 1993 $749,000 --Active 46 Inverness Drive Golf 3 3 1 3,871 2001 $729,000 --Active 8 Ballybunion Way Golf 4 4 1 4,300 2006 $699,900 --Active 23 Hampton Lane Golf, Lagoon/Canal 3 3 1 3,732 1994 $649,000 --Active 7 Millbrook Court Golf 4 4 1 3,237 2016 $559,000 --Active 4 Fairfield Court Lagoon/Canal, Landscape 4 3 1 4,719 2000 $549,000 --Active 15 Ashley Hall Drive Lagoon/Canal 4 3 1 3,898 1997 $499,900 --Sold 10 Spring Hill Court Golf, Marsh 4 5 0 3,800 2011 $1,150,000 $1,150,000 Sold 7 Ballybunion Way Golf, Lagoon/Canal 4 5 1 6,426 2001 $1,133,333 $1,133,333 Sold 24 Inverness Drive Golf, Lagoon/Canal 4 4 1 3,519 2017 $940,000 $940,000 Sold 56 Inverness Drive Golf 4 4 1 4,094 2004 $850,000 $850,000 Sold 17 Double Eagle Drive Golf, Marsh 4 4 2 5,029 1997 $689,000 $689,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
Home Prices Up 6.54% Across the Country Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
WV
SOUTH ATLANTIC 6.58% USA AVERAGE
6.10%
6.54%
< 0.0% 0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State VT (2.0%) ND 2.0%
OR 8.8%
ID 5.0% WY 2.3%
CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1% KS 4.6% OK 4.0%
NM 5.4%
IL 3.9%
OH 5.9%
IN 5.6%
8.7%
ME 7.2% NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3%
KY 7.3%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
TX 7.1%
NY 5.8%
MI 7.9%
MO 5.6%
AL 4.3%
GA 7.6%
FL 8.1%
AK 3.1%
< 0.0% 0.0% to 2.9%
• White-glove professionalism and local market expertise of your dedicated Advisor
3.0% to 7.9% HI 10.0%
“
Waiting to move may end up costing you more!
”
LA 4.4%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
Let us provide the EDGE you need to sell your home. Contact Linda Rudd for a complimentary, no-obligation home valuation.
EAST SOUTH CENTRAL
WEST SOUTH CENTRAL
NV 9.6%
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
5.96%
4.81%
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency.
NEW ENGLAND
5.91% MIDDLE ATLANTIC
MT 6.5%
Extensive Domestic & Global Exposure (EDGE™)
EAST NORTH CENTRAL
5.22%
8.63%
WA 11.5%
TECH FOCUS
KEY TRENDS
> 8.0%
Colleton River Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 28 Seven Oaks Drive Deep Water, River 6 6 7 20,099 2004 $9,950,000 --Active 5 High Ponds Lane Deep Water 5 4 2 7,944 1997 $3,900,000 --Active 121 Inverness Drive Marsh, Pool 5 6 1 5,681 2007 $2,995,000 --Active 87 Oak Tree Road Deep Water, Marsh 4 4 2 6,628 2000 $2,950,000 --Active 29 Mulberry Road Marsh, River 4 4 1 5,075 2006 $1,499,999 --Active 4 Middleton Gardens Pl Golf, Marsh 4 4 1 5,218 2017 $1,425,000 --Active 14 Wedgewood Circle Marsh 4 4 1 4,443 1999 $1,400,000 --Active 53 Hawthorne Road Deep Water, Marsh 5 4 1 5,904 2003 $1,399,000 --Active 17 Middleton Gardens Place Marsh, River 4 4 1 5,392 2002 $1,369,900 --Active 21 Hanover Way Golf, Marsh 6 6 1 6,210 2001 $1,349,000 --Active 15 Hanover Way Golf, Marsh 4 4 1 5,064 2008 $1,299,000 --Active 12 Ballybunion Way Golf 4 5 2 6,500 2002 $1,199,500 --Active 12 Lawsons Pond Court Golf 4 4 1 4,100 2015 $1,199,000 --Active 5 Inverness Drive Lagoon/Canal, Lake 4 4 1 3,531 2017 $987,000 --Active 9 Stoney Park Lane Marsh 4 5 1 3,898 2000 $975,000 --Active 1 Spring Hill Court Golf, Lagoon/Canal 5 5 1 4,702 2000 $905,000 --Active 75 Inverness Drive Lake 4 4 1 4,120 2004 $895,000 --Active 82 Inverness Dr Golf 4 4 1 4,452 2000 $895,000 --Active 4 Spring Hill Court Golf, Lagoon/Canal 4 4 1 5,543 1995 $860,000 --Active 122 Inverness Drive Deep Water, Golf 4 4 1 3,500 2015 $839,000 --Active 54 Hawthorne Road Golf, Lagoon/Canal 5 5 1 3,700 2013 $799,000 --Active 57 Magnolia Blossom Drive Golf, Lagoon/Canal 5 5 0 4,515 1995 $795,000 --Active 44 Colleton River Drive Golf 4 4 0 3,354 2000 $795,000 --Active 55 Colleton River Drive Golf, Lagoon/Canal 4 4 1 3,242 1994 $775,000 --Active 9 Magnolia Blossom Drive Golf, Lagoon/Canal 3 3 1 3,720 1999 $749,900 --Active 9 Hanover Way Marsh 4 4 0 3,252 1993 $749,000 --Active 46 Inverness Drive Golf 3 3 1 3,871 2001 $729,000 --Active 8 Ballybunion Way Golf 4 4 1 4,300 2006 $699,900 --Active 23 Hampton Lane Golf, Lagoon/Canal 3 3 1 3,732 1994 $649,000 --Active 7 Millbrook Court Golf 4 4 1 3,237 2016 $559,000 --Active 4 Fairfield Court Lagoon/Canal, Landscape 4 3 1 4,719 2000 $549,000 --Active 15 Ashley Hall Drive Lagoon/Canal 4 3 1 3,898 1997 $499,900 --Sold 10 Spring Hill Court Golf, Marsh 4 5 0 3,800 2011 $1,150,000 $1,150,000 Sold 7 Ballybunion Way Golf, Lagoon/Canal 4 5 1 6,426 2001 $1,133,333 $1,133,333 Sold 24 Inverness Drive Golf, Lagoon/Canal 4 4 1 3,519 2017 $940,000 $940,000 Sold 56 Inverness Drive Golf 4 4 1 4,094 2004 $850,000 $850,000 Sold 17 Double Eagle Drive Golf, Marsh 4 4 2 5,029 1997 $689,000 $689,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
Home Prices Up 6.54% Across the Country Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
WV
SOUTH ATLANTIC 6.58% USA AVERAGE
6.10%
6.54%
< 0.0% 0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State VT (2.0%) ND 2.0%
OR 8.8%
ID 5.0% WY 2.3%
CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1% KS 4.6% OK 4.0%
NM 5.4%
IL 3.9%
OH 5.9%
IN 5.6%
8.7%
ME 7.2% NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3%
KY 7.3%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
TX 7.1%
NY 5.8%
MI 7.9%
MO 5.6%
AL 4.3%
GA 7.6%
FL 8.1%
AK 3.1%
< 0.0% 0.0% to 2.9%
• White-glove professionalism and local market expertise of your dedicated Advisor
3.0% to 7.9% HI 10.0%
“
Waiting to move may end up costing you more!
”
LA 4.4%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
Let us provide the EDGE you need to sell your home. Contact Linda Rudd for a complimentary, no-obligation home valuation.
EAST SOUTH CENTRAL
WEST SOUTH CENTRAL
NV 9.6%
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
5.96%
4.81%
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency.
NEW ENGLAND
5.91% MIDDLE ATLANTIC
MT 6.5%
Extensive Domestic & Global Exposure (EDGE™)
EAST NORTH CENTRAL
5.22%
8.63%
WA 11.5%
TECH FOCUS
KEY TRENDS
> 8.0%
THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
January 2018
KEY METRICS
2017 Year-End in Review
In Colleton River, 27 homes closed in 2017, compared to 22 at the end of 2016. January through December’s total to dollar volume was $24.148M, more compared $21.342M in 2016. Supply and demand: as of January 3rd, 2018, there are 32 Colleton River homes listed for sale with an average of 3.67 home selling per month over the last six months. That translates into a 8.72-month supply, considered by industry experts to be a buyer’s market. There are currently no homes under contract in Colleton River. In the lot realm, 24 lots closed in 2017, compared to 18 in the previous year. There are currently two lots under contract.
N M E A W R T K O E T
N M E A W R T K O E T
Top Quality and Golf Prestige Offered on a peaceful cul-de-sac street on a sweeping golf course vista is this exceptional home with extensive woodwork and trim. The kitchen is a “ten” with high-end cabinetry, a breakfast bar, granite counters, stainless steel appliances, a gas cooktop, a double oven, a wine closet and sunlit breakfast dining – open to the spacious family room. The bright family room is crowned with a brick-surround fireplace and views out to the pool and beyond. More entertaining options are available in the open dining room with a butler’s pantry and living room right off the family room. The master suite includes his ‘n hers baths and closets. An office, guest suites, 2nd laundry room, elevator, and a pool and spa are just a taste of the home’s amenities. 12 Ballybunion Way, Colleton River 4 Bedrooms | 5 Full and 2 Half Bathrooms | 6,500 Htd. SqFt | $1,199,500
27
$845,000
94.74%
181
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
691 41 Colleton River Drive, Colleton River
4 Bedrooms | 4 Bathrooms | 3,800 Htd. SqFt | $725,000
COMMUNITY SPECIALIST
1 Spring Hill Court, Colleton River
5 Bedrooms | 5.5 Bathrooms | 4,702 Htd. SqFt | $905,000 4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000
The Linda Rudd Team is your Colleton River Specialist. We’ve brought buyers to, and sold, over 35 properties in the community. Please contact us if you’d like a no-obligation home valuation.
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader Telephone: 843-816-5522 • linda.rudd@evusa.com Telephone: 843-816-0796 • rick.turner@evusa.com
Website: www.lindaruddteam.evusa.com ©2018 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.
YTD Greater Bluffton Home Sales Year
Number of Homes Sold
Median Price
2013
1,556
$229,000
2014
1,438
$245,000
2015
1,754
$265,000
2016
1,958
$280,000
2017
2,036
$295,000
Hilton Head Is., SC
Rick Turner 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
How’s the Bluffton Real Estate Market Doing?
4 Spring Hill Court, Colleton River
Local Postal Customer
The Greater Bluffton housing market continues to be on fire, setting the all-time record for 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, homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 1,172 sales. In 2017 though, an extraordinary 2,036 homes were sold, bettering the pre-recession peak by 27%. In other positive news, home values in 2017 were up 5.4% over 2016 prices. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to purchase real estate in our area. This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 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.