The State of the Colleton River Real Estate Market- July 2017

THE STATE

C U O IN N ND 2 TR E D A R A C Y T S

Our Portfolio of Successful Sales in Colleton River

of the Colleton River Real Estate Market

July 2017 KEY METRICS

The First Half of 2017 in Review

In Colleton River, sixteen homes closed in the first six months of 2017, which is the same as last year. January through June’s total dollar volume was $12.806M, down compared to $15.039M in 2016. Supply and demand: as of July 13, 2017, there are 24 Colleton River homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 8-month supply, considered by industry experts to be a buyer’s market. There are four homes under contract in Colleton River. In the lot realm, 12 lots closed in the first six months of 2017, compared to eight in the previous year. There are currently three 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

The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first half 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 six months’ record of 1,332 homes sold. In the first six months of 2017 though, 1,656 homes were sold, a dramatic 24% increase. In other positive news, home values in just the first six months of 2017 were up 2.2% 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.

Htd. Square Feet

$1,499,900 All MLS Colleton River

C

S

O

L

D

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

$845,000

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 30 properties in the community. Please contact us if you’d like a no-obligation home valuation.

Number of Closed Home Sales

26

24

On 06/30/16

On 06/30/17

0

16

1st Six Months of 2016

16

1st Six Months of 2017

0

$15,039,000

$12,806,000

1 Six Months of 2016

1 Six Months of 2017

st

This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through July 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 Pending Pending Pending Pending 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 53 Hawthorne Road 29 Mulberry Road 17 Middleton Gardens Place 12 Ballybunion Way 7 Ballybunion Way 4 Honors Court 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 4 Bayley Rd 7 Millbrook Court 15 Ashley Hall Drive 42 Magnolia Blossom Drive 30 Ballybunion Way 19 Middleton Gardens Place 24 Inverness Drive 14 Somerset Point 94 Inverness Drive 38 Whitehall Drive 54 Inverness Drive 6 Brenton Court 50 Inverness Drive 71 Inverness Drive 6 Double Eagle Drive 10 Ballybunion Way 12 Hawthorne Road 21 Ashley Hall Drive 36 Hawthorne Road 35 Colleton River Drive

Deep Water, River Deep Water Deep Water, Marsh Marsh, Pool Deep Water Deep Water, Marsh Marsh, River Marsh, River Golf Golf, Lagoon Golf, River Marsh Golf, Lagoon Lake Deep Water, Golf Golf, Lagoon Golf, Lagoon Golf Golf, Marsh Golf, Lagoon Golf, Lagoon Landscape Golf Golf, Lagoon Deep Water, River Golf, Lagoon Marsh Golf, Lagoon Golf, River Golf, Lagoon Marsh Golf Marsh, River Golf, Wooded Lagoon, Pool Lagoon Golf Golf, Lagoon Golf, Lagoon Golf, Marsh Golf, Marsh

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 --5 4 1 5,904 2003 $1,699,000 --4 4 1 5,075 2006 $1,599,000 --4 4 1 5,392 2002 $1,499,000 --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 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 $724,500 --4 4 2 5,029 1997 $699,000 --4 3 1 3,800 1993 $649,000 --4 3 1 4,719 2000 $629,000 --3 3 1 3,878 1999 $619,000 --4 4 1 3,237 2016 $599,900 --3 3 1 3,898 1997 $599,000 --4 6 1 7,060 1995 $2,100,000 --5 5 1 5,000 2012 $1,499,900 --4 4 2 5,563 2008 $1,495,000 --4 4 1 3,519 2017 $975,000 --5 6 1 5,860 2009 $1,700,000 $1,700,000 4 4 1 4,200 2016 $1,150,000 $1,150,000 4 4 1 4,350 2010 $1,010,000 $1,010,000 5 4 1 4,279 2002 $850,000 $850,000 5 5 1 5,400 2000 $845,000 $845,000 4 4 1 4,656 2011 $830,000 $830,000 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 3 3 1 2,772 2006 $389,900 $389,900

Colleton River Lot Listings 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

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 36 Whitehall Drive 20 Inverness Drive 58 Inverness Drive 5 Kittansett Court 7 Magnolia Blossom Drive 2 Mansfield Circle 7 Retreat Drive 4 Drayton Hall 7 Mackays Point 4 Middleburg Court 13 Hawthorne Road

VIEW LIST PRICE CLOSE PRICE Marsh $1,300,000 --Marsh $850,000 --Marsh $800,000 --Marsh $379,000 --Marsh, River $325,000 --Deep Water, Marsh $249,000 --Golf, River $239,000 --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, Wooded $39,000 --Golf $29,000 --Golf, Lagoon $25,000 --Golf $25,000 --Golf, Lagoon $25,000 --Golf, Lagoon $20,000 --Golf $19,000 --Golf, Lake $17,500 --Golf $10,000 --Golf $9,900 ---

STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Sold Sold Sold Sold

ADDRESS 15 Bayley Road 8 Mansfield Circle 56 Hawthorne Road 18 Hawthorne Road 5 Boone Hall Court 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 13 Colleton River Drive 5 Hawthorne Road 2 Baltusrol Circle 41 Inverness Drive 14 Ballybunion Way 22 Hawthorne Road 30 Hampton Lane 109 Inverness Drive 8 Whitehall Drive 18 Bayley Road

VIEW Golf, Lagoon Golf, Lagoon Golf, Marsh Golf, Lagoon Golf, Lagoon Golf, Lagoon Wooded Golf, Lagoon Golf Golf, Lagoon Golf, Lagoon Lagoon Golf Golf, Lagoon Golf Golf Golf Lagoon, Lake Lake Golf Golf, Lagoon Marsh, Sound Deep Water Golf, Lagoon Marsh

LIST PRICE CLOSE PRICE $9,500 --$9,000 --$7,500 --$5,000 --$5,000 --$3,500 --$79 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$1 --$185,000 $185,000 $120,000 $120,000 $7,500 $7,500 $1 $1

Home Appreciation by State Actual Year-Over-Year % Change in Price

KEY TRENDS

Source: KeepingCurrentMatters.com, July 2017

WA 12.0%

OR 9.1%

MT 4.4% ID 6.8%

NV 6.7% CA 5.9%

VT (3.4%) ND 2.8%

WY -3.9%

MN 6.0%

CO 8.8%

AZ 6.0%

IL 5.0%

PA 3.2% WV 0.3%

AR 6.0% AL 6.6%

VA 2.3%

CT (0.4%) NJ (2.9%) DE (-0.2%) MD (3.3%) DC (5.0%)

NC 5.7%

TN 5.1%

MS 0.4% TX 4.8%

OH 3.4%

IN 5.8%

NH (6.7%) MA (6.1%) RI (4.9%)

KY 3.4%

MO 4.9%

OK 1.2%

NM 2.0%

MI 8.7%

IA 2.3%

KS 3.1%

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2017 and June 30, 2017

WI 7.0%

SD 2.5% NE 5.3%

UT 10.1%

NY 7.2%

ME 0.2%

SC 5.8% GA 5.6%

LA 4.7% FL 6.4%

AK -0.2%

UNITED STATES 6.9%

< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%

HI 6.1%

> 6%

Here is the actual year-over-year percentage change in price by state for homes sold. For the United States as a whole it is 6.9%. Historic annual single-family appreciation is 3.6%. If we’re at 6.9% over the last 12 months, we’ve almost doubled that number. This information can be helpful in determining if it is time to sell or buy a home in the United States. With an appreciation rate of 6.9% nationally, it might just be the time to make a move. We are seeing a record-number of buyers who live out of this area taking equity out of their home to buy a second home, or selling to move here.