THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
September 2018
KEY METRICS
First Eight Months of 2018 in Review
In Colleton River, 15 homes closed in the first eight months of 2018, compared to 21 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $13,397,500, down compared to $18,869,150 during the same period last year. Supply and demand: as of September 1st, 2018, there are 41 Colleton River homes listed for sale with an average of 1.9 homes selling per month over the last eight months. That translates into a 21.6-month supply, considered by industry experts to be a very strong buyer’s market. There is one home under contract in Colleton River and there are currently 32 lots for sale. Nine lots have sold in the last eight months and one is under contract.
15
$775,000
92.96%
303
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
This chateau-inspired mansion, with a private deep-water dock, commands a breathtaking Colleton River view. Regally nestled on 10 sprawling acres near Hilton Head Island, this spectacular property is one of the finest residences in South Carolina. The master suite is a luxury-world unto itself with ornate fireplaces as well as sitting and dressing rooms. The living room is encased in 1830’s paneling from Paris while a soaring carved mantle crowns the opulent 21-seat dining room. Epicures will marvel at the professional kitchen - a true wonder. These highlights are mere whispers of many more exquisite rooms. A charming guest cottage, pool, spa, and tranquil waterfall are discreetly located ensuring ultimate privacy. This singular property must be experienced in person to be appreciated. 28 Seven Oaks Drive, Colleton River COMMUNITY SPECIALIST
725 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through August 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
1,060
$229,000
2014
959
$245,000
2015
1,159
$259,000
2016
1,327
$280,000
2017
1,395
$287,000
2018
1,575
$299,000
6 Bedrooms | 6 Full and 7 Half Bathrooms | 20,100 Htd. SqFt | $9,000,000
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 eight 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 eight months sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 769 sales. As you can see in the chart to the left, in first eight months of 2018 1,575 homes were sold, more than 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 September 7, 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
Source: Hilton Head Multiple Listing Service
$500,000$500,000 Median Price of Homes Sold Each Year
Median Price of Homes Sold Each Year
MedianofPrices ofSold Homes Sold Median Prices Homes Hilton Head Island/Bluffton 1st Half Hilton Head Island/Bluffton 2005-2018 2005-2018 1st Half
$440,000
$440,000
$419.000
$400,000$400,000
$419.000
$395,000
$331,000
$300,000$300,000
FOOD FOR THOUGHT
$395,000
$330,000
$331,000
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.
$345,000 $330,000 $345,000
$323,000 $323,000 $260,000 $300,000 $260,000 $300,000 $278,000 $281,000 $278,000 $265,000 $281,000 $262,000 $265,000 $256,000 $262,000 $256,000
david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
$200,000 $200,000
18 20 17 20 1618 20 0 2 1517 2020 6 1041 202 1315 20 0 2 1214 2020 1113 2020 1012 2020 0911 2020 0810 20 0 2 0709 20 0 2 0608 20 0 2 0507 2020 06
Deep Water, River Deep Water Deep Water Deep Water, River Deep Water, River Deep Water, Marsh Deep Water, Ocean Marsh, Sound Marsh, River Golf, Marsh Marsh Deep Water, Marsh Lake Lagoon, Lake Marsh Lake Marsh Golf Lagoon Deep Water, Marsh Golf, Marsh Deep Water, Golf Golf, Lagoon Lake Golf, Landscape Marsh Golf, Lagoon Golf, Lagoon Golf, Marsh Golf, Marsh Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf Golf Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Wooded Golf, Marsh Golf, Lagoon Golf, Lagoon Marsh, River Golf, Marsh Marsh, River Golf, Marsh Lake Golf Lagoon Golf, Lagoon Golf
Because of the sustained improvement of the last nine years in the number of sales, the median price of homes, according to MLS data, is on the way up. The median price of homes sold in just the first half of 2018 was 4.5% over 2017. If the rapid pace of sales continue, we could see an annualized appreciation rate in the neighborhood of 5%. The good news is that homes are still bargain-priced at 22% below the Pre-Recession peak set in 2005. Avoid paying more next year! Those wanting to own real estate in the Hilton Head Island - Bluffton area may want to seriously consider buying now. If the appreciation rate hits 5% this year, the extra cost of waiting a year to buy a $500,000 home would be $25,000.
KEY TRENDS
The Cost Across Time: Average Interest Rate and Mortgage Payment Source: Freddie Mac
70’s
80’s
90’s
2000’s
8.86% $1,986
12.7% $2,707
8.12% $1,855
6.29% $1,546
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between May 1, 2018 and August 31, 2018
Giving You The EDGE™- 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. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
KEY TRENDS
20
VIEW
28 Seven Oaks Drive 91 Inverness Drive 5 High Ponds Lane 56 Magnolia Blossom Drive 121 Inverness Drive 87 Oak Tree Road 165 Inverness Drive 21 Mulberry Road 12 Turnberry Way 7 Laurel Hill Court 14 Wedgewood Circle 30 Middleton Gardens Place 37 Inverness Drive 11 Turnberry Way 26 Hampton Lane 50 Oak Tree Road 21 Hanover Way 26 Inverness Drive 12 Bayley Road 53 Hawthorne Road 15 Hanover Way 16 Spring Hill Court 4 Mansfield Circle 15 Inverness Drive 4 Laurel Hill Court 9 Stoney Park Lane 6 Whitehall Drive 7 Kittansett Court 5 Laurel Hill Court 26 Middleton Gardens Place 3 Ashley Hall Drive 4 Spring Hill Court 1 Spring Hill Court 82 Inverness Drive 44 Colleton River Drive 55 Colleton River Drive 3 Fairfield Court 19 Hawthorne Road 3 Hawthorne Road 36 Hawthorne Road 15 Ashley Hall Drive 24 Ballybunion Way 29 Mulberry Road 4 Middleton Gardens Place 17 Middleton Gardens Place 6 Somerset Point 75 Inverness Drive 9 Magnolia Blossom Drive 50 Hawthorne Road 23 Hampton Lane 7 Millbrook Court
05
ADDRESS
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 Active Active Active Active Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold
Home Prices Are on Their Way Up! Up 4.5% in Just the First Six Months of 2018.
20
STATUS
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 13 7 20,100 2004 $9,000,000 --4 5 1 7,003 2009 $3,295,000 --5 6 2 7,944 1997 $2,800,000 --5 6 1 5,367 1996 $2,795,000 --5 7 1 6,666 2007 $2,499,000 --4 6 2 6,628 2000 $2,495,000 --4 6 1 5,436 2011 $2,099,000 --4 6 2 5,500 2012 $1,899,000 --5 6 1 6,175 1999 $1,495,000 --5 6 2 5,161 1995 $1,490,000 --4 5 1 4,443 1999 $1,400,000 --4 6 1 4,903 1996 $1,399,000 --3 5 2 3,571 2004 $1,325,000 --4 7 2 6,029 2004 $1,299,000 --5 6 1 6,013 2007 $1,299,000 --4 5 1 3,987 2016 $1,289,500 --5 7 1 6,367 2001 $1,280,000 --3 4 1 4,250 2018 $1,259,000 --6 7 1 5,580 2002 $1,199,000 --5 5 1 5,904 2003 $1,199,000 --4 5 1 5,064 2008 $1,150,000 --5 6 1 4,569 1994 $1,049,000 --4 5 1 5,048 2005 $999,900 --4 5 1 3,956 2009 $929,000 --4 4 1 3,409 2016 $895,000 --4 6 1 3,898 2000 $885,000 --4 5 1 4,000 2012 $875,000 --4 5 1 4,200 2000 $850,000 --4 5 0 4,088 1995 $849,900 --4 5 1 4,250 1999 $849,000 --3 5 1 4,137 1995 $839,000 --4 4 1 5,543 1995 $820,000 --5 6 1 4,702 2000 $799,900 --3 5 1 4,452 2000 $799,000 --4 4 0 3,354 2000 $795,000 --4 5 1 3,242 1994 $699,000 --4 4 1 3,386 1992 $659,000 --4 5 1 4,278 2008 $650,000 --4 5 1 3,963 2004 $649,999 --$639,000 --4 4 0 3,845 1995 3 4 1 3,898 1997 $512,500 --5 6 2 5,820 2005 $1,100,000 --4 5 1 5,075 2006 $1,499,999 $1,350,000 4 5 1 5,218 2017 $1,425,000 $1,375,000 4 5 1 5,392 2002 $1,315,000 $1,315,000 4 5 1 3,900 2016 $1,300,000 $1,300,000 4 5 1 4,120 2004 $849,000 $778,500 3 4 1 3,720 1999 $749,000 $695,000 4 5 1 4,406 2000 $739,000 $739,000 3 4 1 3,732 1994 $575,000 $530,000 4 5 1 3,237 2016 $549,900 $500,000
TODAY 4.55% $1,274
Even with the projection that Interest Rates will increase by a half a point in the next 12 months, we are still well below historic numbers!
Lock in a low rate now! The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage. Payments are principal and interest only based on a $250,000 fully amoritizing mortgage.
Colleton River Home Listings
Source: Hilton Head Multiple Listing Service
$500,000$500,000 Median Price of Homes Sold Each Year
Median Price of Homes Sold Each Year
MedianofPrices ofSold Homes Sold Median Prices Homes Hilton Head Island/Bluffton 1st Half Hilton Head Island/Bluffton 2005-2018 2005-2018 1st Half
$440,000
$440,000
$419.000
$400,000$400,000
$419.000
$395,000
$331,000
$300,000$300,000
FOOD FOR THOUGHT
$395,000
$330,000
$331,000
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.
$345,000 $330,000 $345,000
$323,000 $323,000 $260,000 $300,000 $260,000 $300,000 $278,000 $281,000 $278,000 $265,000 $281,000 $262,000 $265,000 $256,000 $262,000 $256,000
david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
$200,000 $200,000
18 20 17 20 1618 20 0 2 1517 2020 6 1041 202 1315 20 0 2 1214 2020 1113 2020 1012 2020 0911 2020 0810 20 0 2 0709 20 0 2 0608 20 0 2 0507 2020 06
Deep Water, River Deep Water Deep Water Deep Water, River Deep Water, River Deep Water, Marsh Deep Water, Ocean Marsh, Sound Marsh, River Golf, Marsh Marsh Deep Water, Marsh Lake Lagoon, Lake Marsh Lake Marsh Golf Lagoon Deep Water, Marsh Golf, Marsh Deep Water, Golf Golf, Lagoon Lake Golf, Landscape Marsh Golf, Lagoon Golf, Lagoon Golf, Marsh Golf, Marsh Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf Golf Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Wooded Golf, Marsh Golf, Lagoon Golf, Lagoon Marsh, River Golf, Marsh Marsh, River Golf, Marsh Lake Golf Lagoon Golf, Lagoon Golf
Because of the sustained improvement of the last nine years in the number of sales, the median price of homes, according to MLS data, is on the way up. The median price of homes sold in just the first half of 2018 was 4.5% over 2017. If the rapid pace of sales continue, we could see an annualized appreciation rate in the neighborhood of 5%. The good news is that homes are still bargain-priced at 22% below the Pre-Recession peak set in 2005. Avoid paying more next year! Those wanting to own real estate in the Hilton Head Island - Bluffton area may want to seriously consider buying now. If the appreciation rate hits 5% this year, the extra cost of waiting a year to buy a $500,000 home would be $25,000.
KEY TRENDS
The Cost Across Time: Average Interest Rate and Mortgage Payment Source: Freddie Mac
70’s
80’s
90’s
2000’s
8.86% $1,986
12.7% $2,707
8.12% $1,855
6.29% $1,546
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between May 1, 2018 and August 31, 2018
Giving You The EDGE™- 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. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
KEY TRENDS
20
VIEW
28 Seven Oaks Drive 91 Inverness Drive 5 High Ponds Lane 56 Magnolia Blossom Drive 121 Inverness Drive 87 Oak Tree Road 165 Inverness Drive 21 Mulberry Road 12 Turnberry Way 7 Laurel Hill Court 14 Wedgewood Circle 30 Middleton Gardens Place 37 Inverness Drive 11 Turnberry Way 26 Hampton Lane 50 Oak Tree Road 21 Hanover Way 26 Inverness Drive 12 Bayley Road 53 Hawthorne Road 15 Hanover Way 16 Spring Hill Court 4 Mansfield Circle 15 Inverness Drive 4 Laurel Hill Court 9 Stoney Park Lane 6 Whitehall Drive 7 Kittansett Court 5 Laurel Hill Court 26 Middleton Gardens Place 3 Ashley Hall Drive 4 Spring Hill Court 1 Spring Hill Court 82 Inverness Drive 44 Colleton River Drive 55 Colleton River Drive 3 Fairfield Court 19 Hawthorne Road 3 Hawthorne Road 36 Hawthorne Road 15 Ashley Hall Drive 24 Ballybunion Way 29 Mulberry Road 4 Middleton Gardens Place 17 Middleton Gardens Place 6 Somerset Point 75 Inverness Drive 9 Magnolia Blossom Drive 50 Hawthorne Road 23 Hampton Lane 7 Millbrook Court
05
ADDRESS
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 Active Active Active Active Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold
Home Prices Are on Their Way Up! Up 4.5% in Just the First Six Months of 2018.
20
STATUS
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 13 7 20,100 2004 $9,000,000 --4 5 1 7,003 2009 $3,295,000 --5 6 2 7,944 1997 $2,800,000 --5 6 1 5,367 1996 $2,795,000 --5 7 1 6,666 2007 $2,499,000 --4 6 2 6,628 2000 $2,495,000 --4 6 1 5,436 2011 $2,099,000 --4 6 2 5,500 2012 $1,899,000 --5 6 1 6,175 1999 $1,495,000 --5 6 2 5,161 1995 $1,490,000 --4 5 1 4,443 1999 $1,400,000 --4 6 1 4,903 1996 $1,399,000 --3 5 2 3,571 2004 $1,325,000 --4 7 2 6,029 2004 $1,299,000 --5 6 1 6,013 2007 $1,299,000 --4 5 1 3,987 2016 $1,289,500 --5 7 1 6,367 2001 $1,280,000 --3 4 1 4,250 2018 $1,259,000 --6 7 1 5,580 2002 $1,199,000 --5 5 1 5,904 2003 $1,199,000 --4 5 1 5,064 2008 $1,150,000 --5 6 1 4,569 1994 $1,049,000 --4 5 1 5,048 2005 $999,900 --4 5 1 3,956 2009 $929,000 --4 4 1 3,409 2016 $895,000 --4 6 1 3,898 2000 $885,000 --4 5 1 4,000 2012 $875,000 --4 5 1 4,200 2000 $850,000 --4 5 0 4,088 1995 $849,900 --4 5 1 4,250 1999 $849,000 --3 5 1 4,137 1995 $839,000 --4 4 1 5,543 1995 $820,000 --5 6 1 4,702 2000 $799,900 --3 5 1 4,452 2000 $799,000 --4 4 0 3,354 2000 $795,000 --4 5 1 3,242 1994 $699,000 --4 4 1 3,386 1992 $659,000 --4 5 1 4,278 2008 $650,000 --4 5 1 3,963 2004 $649,999 --$639,000 --4 4 0 3,845 1995 3 4 1 3,898 1997 $512,500 --5 6 2 5,820 2005 $1,100,000 --4 5 1 5,075 2006 $1,499,999 $1,350,000 4 5 1 5,218 2017 $1,425,000 $1,375,000 4 5 1 5,392 2002 $1,315,000 $1,315,000 4 5 1 3,900 2016 $1,300,000 $1,300,000 4 5 1 4,120 2004 $849,000 $778,500 3 4 1 3,720 1999 $749,000 $695,000 4 5 1 4,406 2000 $739,000 $739,000 3 4 1 3,732 1994 $575,000 $530,000 4 5 1 3,237 2016 $549,900 $500,000
TODAY 4.55% $1,274
Even with the projection that Interest Rates will increase by a half a point in the next 12 months, we are still well below historic numbers!
Lock in a low rate now! The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage. Payments are principal and interest only based on a $250,000 fully amoritizing mortgage.
THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
September 2018
KEY METRICS
First Eight Months of 2018 in Review
In Colleton River, 15 homes closed in the first eight months of 2018, compared to 21 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $13,397,500, down compared to $18,869,150 during the same period last year. Supply and demand: as of September 1st, 2018, there are 41 Colleton River homes listed for sale with an average of 1.9 homes selling per month over the last eight months. That translates into a 21.6-month supply, considered by industry experts to be a very strong buyer’s market. There is one home under contract in Colleton River and there are currently 32 lots for sale. Nine lots have sold in the last eight months and one is under contract.
15
$775,000
92.96%
303
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
This chateau-inspired mansion, with a private deep-water dock, commands a breathtaking Colleton River view. Regally nestled on 10 sprawling acres near Hilton Head Island, this spectacular property is one of the finest residences in South Carolina. The master suite is a luxury-world unto itself with ornate fireplaces as well as sitting and dressing rooms. The living room is encased in 1830’s paneling from Paris while a soaring carved mantle crowns the opulent 21-seat dining room. Epicures will marvel at the professional kitchen - a true wonder. These highlights are mere whispers of many more exquisite rooms. A charming guest cottage, pool, spa, and tranquil waterfall are discreetly located ensuring ultimate privacy. This singular property must be experienced in person to be appreciated. 28 Seven Oaks Drive, Colleton River COMMUNITY SPECIALIST
725 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through August 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
1,060
$229,000
2014
959
$245,000
2015
1,159
$259,000
2016
1,327
$280,000
2017
1,395
$287,000
2018
1,575
$299,000
6 Bedrooms | 6 Full and 7 Half Bathrooms | 20,100 Htd. SqFt | $9,000,000
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 eight 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 eight months sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 769 sales. As you can see in the chart to the left, in first eight months of 2018 1,575 homes were sold, more than 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 September 7, 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.