THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
June 2018
KEY METRICS
28 Seven Oaks Drive, Colleton River
4 Spring Hill Court, Colleton River
In Colleton River, eight homes closed in the first five months of 2018, 11 sold this time last year. So far in 2018, the total dollar volume was $6,630,000, down compared to $8,685,897 in 2017. Supply and demand: as of June 1st, 2018, there are 37 Colleton River homes listed for sale with an average of 1.83 homes selling per month over the last six months. That translates into a 20.22-month supply, considered by industry experts to be a very strong buyer’s market. There are currently six homes under contract in Colleton River.
4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000
8
$737,500
93.39%
352
Total Sales
Median Price
Sale to List Price
Median Days on Market
C
O UN N D T E R R A C T
6 Bedrooms | 6 Full & 7 Half Bathrooms | 20,100 Htd. SqFt | $9,000,000
1 Spring Hill Court, Colleton River
9 Magnolia Blossom Drive, Colleton River
3 Bedrooms | 3.5 Bathrooms | 3,720 Htd. SqFt | $749,000
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
S
S
O
O
L
L
D
D
5 Bedrooms | 5.5 Bathrooms | 4,702 Htd. SqFt | $835,000
First Five Months of 2018 in Review
712 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through May 31 for Each Year
41 Colleton River Drive, Colleton River
4 Bedrooms | 4 Bathrooms | 3,800 Htd. SqFt | $700,000
COMMUNITY SPECIALIST
12 Ballybunion Way, Colleton River
Year
Number of Homes Sold
Median Price
2013
584
$225,000
2014
544
$245,000
2015
624
$253,000
2016
757
$275,000
2017
781
$289,000
2018
873
$301,000
4 Bedrooms | 5 Full & 2 Half Bathrooms | 6,500 Htd. SqFt | $1,115,000
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
Hilton Head Is., SC
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.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.
Local Postal Customer
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first five months, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, the first five months of homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 445 sales. As you can see in the chart to the left, in first five months of 2018 873 homes were sold, almost doubling the pre-recession peak! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 4.2% from last year and is at an all-time high. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through June 4, 2018. 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 Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold
28 Seven Oaks Drive 91 Inverness Drive 5 High Ponds Lane 56 Magnolia Blossom Drive 87 Oak Tree Road 165 Inverness Drive 21 Mulberry Road 26 Hampton Lane 12 Turnberry Way 7 Laurel Hill Court 4 Middleton Gardens Place 14 Wedgewood Circle 30 Middleton Gardens Place 37 Inverness Drive 21 Hanover Way 50 Oak Tree Road 26 Inverness Drive 53 Hawthorne Road 15 Hanover Way 4 Mansfield Circle 24 Ballybunion Way 16 Spring Hill Court 5 Inverness Drive 5 Laurel Hill Court 4 Laurel Hill Court 6 Whitehall Drive 9 Stoney Park Lane 4 Spring Hill Court 26 Middleton Gardens Place 1 Spring Hill Court 82 Inverness Drive 44 Colleton River Drive 9 Hanover Way 55 Colleton River Drive 3 Hawthorne Road 46 Inverness Drive 15 Ashley Hall Drive 29 Mulberry Road 6 Somerset Point 75 Inverness Drive 9 Magnolia Blossom Drive 50 Hawthorne Road 23 Hampton Lane 17 Middleton Gardens Place 12 Ballybunion Way 12 Lawsons Pond Court 54 Hawthorne Road 8 Ballybunion Way 7 Millbrook Court 4 Fairfield Court
Deep Water, River Deep Water Deep Water Deep Water, River Deep Water, Marsh Deep Water, Ocean Marsh, Sound Marsh Marsh, River Golf, Marsh Golf, Marsh Marsh Deep Water, Marsh Lake Golf, Marsh Lake Golf Deep Water, Marsh Golf, Marsh Golf, Lagoon Golf, Lagoon Deep Water, Golf Lagoon, Lake Golf, Marsh Golf, Landscape Golf, Lagoon Marsh Golf, Lagoon Golf, Marsh Golf, Lagoon Golf Golf Marsh Golf, Lagoon Golf, Wooded Golf Golf, Lagoon Marsh, River Golf, Marsh Lake Golf Lagoon Golf, Lagoon Marsh, River Golf Golf Golf, Lagoon Golf Golf Lagoon, Landscape
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 7 20,100 2004 $9,000,000 --4 4 1 7,003 2009 $3,295,000 --5 4 2 7,944 1997 $2,900,000 --5 5 1 5,367 1996 $2,795,000 --4 4 2 6,628 2000 $2,495,000 --4 5 1 5,436 2011 $2,199,000 --4 4 2 5,500 2012 $1,899,000 --5 5 1 6,013 2007 $1,499,000 --5 5 1 6,175 1999 $1,495,000 --5 4 2 5,161 1995 $1,490,000 --4 4 1 5,218 2017 $1,425,000 --4 4 1 4,443 1999 $1,400,000 --4 5 1 4,903 1996 $1,399,000 --3 3 2 3,571 2004 $1,375,000 --6 6 1 6,210 2001 $1,349,000 --4 4 1 3,987 2016 $1,299,000 --3 3 1 4,250 2018 $1,259,000 --5 4 1 5,904 2003 $1,249,000 --4 4 1 5,064 2008 $1,199,000 --4 4 1 5,048 2005 $1,149,000 --5 4 2 5,820 2005 $1,100,000 --5 5 1 4,569 1994 $1,049,000 --4 4 1 3,531 2017 $987,000 --4 4 0 4,088 1995 $949,900 --4 3 1 3,409 2016 $925,000 --4 4 1 4,000 2012 $895,000 --4 5 1 3,898 2000 $885,000 --4 4 1 5,543 1995 $860,000 --4 4 1 4,250 1999 $849,000 --5 5 1 4,702 2000 $835,000 --4 4 1 4,452 2000 $835,000 --4 4 0 3,354 2000 $795,000 --4 4 0 3,252 1993 $729,000 --4 4 1 3,242 1994 $699,000 --4 4 1 3,963 2004 $679,900 --3 3 1 3,871 2001 $679,000 --3 3 1 3,898 1997 $585,000 --4 4 1 5,075 2006 $1,499,999 --4 4 1 3,900 2016 $1,300,000 --4 4 1 4,120 2004 $849,000 --3 3 1 3,720 1999 $749,000 --4 4 1 4,406 2000 $739,000 --3 3 1 3,732 1994 $575,000 --4 4 1 5,392 2002 $1,315,000 $1,315,000 4 5 2 6,500 2002 $1,199,500 $1,115,000 4 4 1 4,100 2015 $1,199,000 $1,125,000 5 5 1 3,700 2013 $799,000 $775,000 4 4 1 4,300 2006 $699,900 $640,000 4 4 1 3,237 2016 $549,900 $500,000 4 3 1 4,719 2000 $529,000 $460,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
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 Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold
28 Seven Oaks Drive 91 Inverness Drive 5 High Ponds Lane 56 Magnolia Blossom Drive 87 Oak Tree Road 165 Inverness Drive 21 Mulberry Road 26 Hampton Lane 12 Turnberry Way 7 Laurel Hill Court 4 Middleton Gardens Place 14 Wedgewood Circle 30 Middleton Gardens Place 37 Inverness Drive 21 Hanover Way 50 Oak Tree Road 26 Inverness Drive 53 Hawthorne Road 15 Hanover Way 4 Mansfield Circle 24 Ballybunion Way 16 Spring Hill Court 5 Inverness Drive 5 Laurel Hill Court 4 Laurel Hill Court 6 Whitehall Drive 9 Stoney Park Lane 4 Spring Hill Court 26 Middleton Gardens Place 1 Spring Hill Court 82 Inverness Drive 44 Colleton River Drive 9 Hanover Way 55 Colleton River Drive 3 Hawthorne Road 46 Inverness Drive 15 Ashley Hall Drive 29 Mulberry Road 6 Somerset Point 75 Inverness Drive 9 Magnolia Blossom Drive 50 Hawthorne Road 23 Hampton Lane 17 Middleton Gardens Place 12 Ballybunion Way 12 Lawsons Pond Court 54 Hawthorne Road 8 Ballybunion Way 7 Millbrook Court 4 Fairfield Court
Deep Water, River Deep Water Deep Water Deep Water, River Deep Water, Marsh Deep Water, Ocean Marsh, Sound Marsh Marsh, River Golf, Marsh Golf, Marsh Marsh Deep Water, Marsh Lake Golf, Marsh Lake Golf Deep Water, Marsh Golf, Marsh Golf, Lagoon Golf, Lagoon Deep Water, Golf Lagoon, Lake Golf, Marsh Golf, Landscape Golf, Lagoon Marsh Golf, Lagoon Golf, Marsh Golf, Lagoon Golf Golf Marsh Golf, Lagoon Golf, Wooded Golf Golf, Lagoon Marsh, River Golf, Marsh Lake Golf Lagoon Golf, Lagoon Marsh, River Golf Golf Golf, Lagoon Golf Golf Lagoon, Landscape
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 7 20,100 2004 $9,000,000 --4 4 1 7,003 2009 $3,295,000 --5 4 2 7,944 1997 $2,900,000 --5 5 1 5,367 1996 $2,795,000 --4 4 2 6,628 2000 $2,495,000 --4 5 1 5,436 2011 $2,199,000 --4 4 2 5,500 2012 $1,899,000 --5 5 1 6,013 2007 $1,499,000 --5 5 1 6,175 1999 $1,495,000 --5 4 2 5,161 1995 $1,490,000 --4 4 1 5,218 2017 $1,425,000 --4 4 1 4,443 1999 $1,400,000 --4 5 1 4,903 1996 $1,399,000 --3 3 2 3,571 2004 $1,375,000 --6 6 1 6,210 2001 $1,349,000 --4 4 1 3,987 2016 $1,299,000 --3 3 1 4,250 2018 $1,259,000 --5 4 1 5,904 2003 $1,249,000 --4 4 1 5,064 2008 $1,199,000 --4 4 1 5,048 2005 $1,149,000 --5 4 2 5,820 2005 $1,100,000 --5 5 1 4,569 1994 $1,049,000 --4 4 1 3,531 2017 $987,000 --4 4 0 4,088 1995 $949,900 --4 3 1 3,409 2016 $925,000 --4 4 1 4,000 2012 $895,000 --4 5 1 3,898 2000 $885,000 --4 4 1 5,543 1995 $860,000 --4 4 1 4,250 1999 $849,000 --5 5 1 4,702 2000 $835,000 --4 4 1 4,452 2000 $835,000 --4 4 0 3,354 2000 $795,000 --4 4 0 3,252 1993 $729,000 --4 4 1 3,242 1994 $699,000 --4 4 1 3,963 2004 $679,900 --3 3 1 3,871 2001 $679,000 --3 3 1 3,898 1997 $585,000 --4 4 1 5,075 2006 $1,499,999 --4 4 1 3,900 2016 $1,300,000 --4 4 1 4,120 2004 $849,000 --3 3 1 3,720 1999 $749,000 --4 4 1 4,406 2000 $739,000 --3 3 1 3,732 1994 $575,000 --4 4 1 5,392 2002 $1,315,000 $1,315,000 4 5 2 6,500 2002 $1,199,500 $1,115,000 4 4 1 4,100 2015 $1,199,000 $1,125,000 5 5 1 3,700 2013 $799,000 $775,000 4 4 1 4,300 2006 $699,900 $640,000 4 4 1 3,237 2016 $549,900 $500,000 4 3 1 4,719 2000 $529,000 $460,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
June 2018
KEY METRICS
28 Seven Oaks Drive, Colleton River
4 Spring Hill Court, Colleton River
In Colleton River, eight homes closed in the first five months of 2018, 11 sold this time last year. So far in 2018, the total dollar volume was $6,630,000, down compared to $8,685,897 in 2017. Supply and demand: as of June 1st, 2018, there are 37 Colleton River homes listed for sale with an average of 1.83 homes selling per month over the last six months. That translates into a 20.22-month supply, considered by industry experts to be a very strong buyer’s market. There are currently six homes under contract in Colleton River.
4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000
8
$737,500
93.39%
352
Total Sales
Median Price
Sale to List Price
Median Days on Market
C
O UN N D T E R R A C T
6 Bedrooms | 6 Full & 7 Half Bathrooms | 20,100 Htd. SqFt | $9,000,000
1 Spring Hill Court, Colleton River
9 Magnolia Blossom Drive, Colleton River
3 Bedrooms | 3.5 Bathrooms | 3,720 Htd. SqFt | $749,000
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
S
S
O
O
L
L
D
D
5 Bedrooms | 5.5 Bathrooms | 4,702 Htd. SqFt | $835,000
First Five Months of 2018 in Review
712 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through May 31 for Each Year
41 Colleton River Drive, Colleton River
4 Bedrooms | 4 Bathrooms | 3,800 Htd. SqFt | $700,000
COMMUNITY SPECIALIST
12 Ballybunion Way, Colleton River
Year
Number of Homes Sold
Median Price
2013
584
$225,000
2014
544
$245,000
2015
624
$253,000
2016
757
$275,000
2017
781
$289,000
2018
873
$301,000
4 Bedrooms | 5 Full & 2 Half Bathrooms | 6,500 Htd. SqFt | $1,115,000
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
Hilton Head Is., SC
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.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.
Local Postal Customer
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first five months, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, the first five months of homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 445 sales. As you can see in the chart to the left, in first five months of 2018 873 homes were sold, almost doubling the pre-recession peak! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 4.2% from last year and is at an all-time high. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through June 4, 2018. 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.