THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
May 2018
KEY METRICS
28 Seven Oaks Drive, Colleton River
4 Spring Hill Court, Colleton River
In Colleton River, six homes closed in the first four months of 2018, five sold this time last year. So far in 2018, the total dollar volume was $4,815,000, very close compared to 2017’s first four month volume of $4,185,000. Supply and demand: as of May 1st, 2018, there are 38 Colleton River homes listed for sale with an average of 1.5 homes selling per month over the last six months. That translates into a 25.33-month supply, considered by industry experts to be a very strong buyer’s market. There are currently three homes under contract in Colleton River.
4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000
6
$737,500
93.39%
212
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 Four Months of 2018 in Review
716 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through April 30 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
448
$226,000
2014
395
$245,000
2015
474
$255,000
2016
562
$273,000
2017
570
$295,000
2018
654
$302,000
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 four 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 four months of homes sales on the Mainland, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 341 sales. As you can see in the chart to the left, in first four months of 2018, 654 homes were sold, almost doubling the pre-recession peak! As the demand for the Mainland continues to outpace supply, the median price has risen 2.4% 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 May 2, 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 Active Pending Pending Pending Sold Sold Sold Sold Sold Sold
28 Seven Oaks Drive 91 Inverness Drive 87 Oak Tree Road 56 Magnolia Blossom Drive 5 High Ponds Lane 121 Inverness Drive 29 Mulberry Road 26 Hampton Lane 7 Laurel Hill Court 30 Middleton Gardens Place 4 Middleton Gardens Place 14 Wedgewood Circle 37 Inverness Drive 53 Hawthorne Road 21 Hanover Way 50 Oak Tree Road 26 Inverness Drive 15 Hanover Way 4 Mansfield Circle 24 Ballybunion Way 16 Spring Hill Court 5 Inverness Drive 4 Laurel Hill Court 82 Inverness Drive 6 Whitehall Drive 9 Stoney Park Lane 4 Spring Hill Court 75 Inverness Drive 26 Middleton Gardens Place 1 Spring Hill Court 44 Colleton River Drive 50 Hawthorne Road 9 Hanover Way 55 Colleton River Drive 46 Inverness Drive 3 Hawthorne Road 23 Hampton Lane 7 Millbrook Court 17 Middleton Gardens Place 6 Somerset Point 9 Magnolia Blossom Drive 12 Ballybunion Way 12 Lawsons Pond Court 54 Hawthorne Road 41 Colleton River Drive 8 Ballybunion Way 4 Fairfield Court
Deep Water, River Deep Water Deep Water, Marsh Deep Water, River Deep Water Marsh, Pool Marsh, River Marsh Golf, Marsh Deep Water, Marsh Golf, Marsh Marsh Lake Deep Water, Marsh Golf, Marsh Lake Golf Golf, Marsh Golf, Lagoon Golf, Lagoon Deep Water, Golf Lagoon, Lake Golf, Landscape Golf Golf, Lagoon Marsh Golf, Lagoon Lake Golf, Marsh Golf, Lagoon Golf Lagoon Marsh Golf, Lagoon Golf Golf, Wooded Golf, Lagoon Golf Marsh, River Golf, Marsh Golf Golf Golf Golf, Lagoon Marsh, River 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 --4 4 2 6,628 2000 $2,950,000 --5 5 1 5,367 1996 $2,910,000 --5 4 2 7,944 1997 $2,900,000 --5 6 1 5,681 2007 $2,400,000 --4 4 1 5,075 2006 $1,499,999 --5 5 1 6,013 2007 $1,499,000 --5 4 2 5,161 1995 $1,490,000 --4 5 1 4,903 1996 $1,429,000 --4 4 1 5,218 2017 $1,425,000 --4 4 1 4,443 1999 $1,400,000 --3 3 2 3,571 2004 $1,375,000 --5 4 1 5,904 2003 $1,349,000 --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 --4 4 1 5,064 2008 $1,224,000 --4 4 1 5,048 2005 $1,179,000 --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 3 1 3,409 2016 $925,000 --4 4 1 4,452 2000 $895,000 --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 4,120 2004 $849,000 --4 4 1 4,250 1999 $849,000 --5 5 1 4,702 2000 $835,000 --4 4 0 3,354 2000 $795,000 --4 4 1 4,406 2000 $739,000 --4 4 0 3,252 1993 $729,000 --4 4 1 3,242 1994 $725,000 --3 3 1 3,871 2001 $699,500 --4 4 1 3,963 2004 $679,900 --3 3 1 3,732 1994 $575,000 --4 4 1 3,237 2016 $549,900 --4 4 1 5,392 2002 $1,315,000 --4 4 1 3,900 2016 $1,300,000 --3 3 1 3,720 1999 $749,000 --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 0 3,800 1998 $725,000 $700,000 4 4 1 4,300 2006 $699,900 $640,000 4 3 1 4,719 2000 $529,000 $460,000
Giving You The EDGE™Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between February 1, 2018 and April 30, 2018
How Much Has Your Home Value Increased Over the Last Year? Source: Keeping Current Matters, May 2018
9.3%
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.
8.5%
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.
7% 5.4%
The chart to the left shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available). It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year. Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
LOW PRICE
KEY TRENDS
LOW TO MIDDLE PRICE
MIDDLE TO MODERATE PRICE
BOTTOM LINE
HIGH PRICE
If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.
30-Year Fixed-Rate Mortgage Rates Source: Freddie Mac, May 2018
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.
4.5
4.9 4.6
2018 Q4
2018 Q3
2018 Q2
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
FOOD FOR THOUGHT buyers thought they could wait forever because rates were going to stay low forever. They’re starting to realize that if they’re going to buy, they should probably buy now. Rick Palacios Jr., DIRECTOR OF RESEARCH John Burns Real Estate Consulting
• 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
2017 - Today actual interest rates
Where they’re going in 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 Active Pending Pending Pending Sold Sold Sold Sold Sold Sold
28 Seven Oaks Drive 91 Inverness Drive 87 Oak Tree Road 56 Magnolia Blossom Drive 5 High Ponds Lane 121 Inverness Drive 29 Mulberry Road 26 Hampton Lane 7 Laurel Hill Court 30 Middleton Gardens Place 4 Middleton Gardens Place 14 Wedgewood Circle 37 Inverness Drive 53 Hawthorne Road 21 Hanover Way 50 Oak Tree Road 26 Inverness Drive 15 Hanover Way 4 Mansfield Circle 24 Ballybunion Way 16 Spring Hill Court 5 Inverness Drive 4 Laurel Hill Court 82 Inverness Drive 6 Whitehall Drive 9 Stoney Park Lane 4 Spring Hill Court 75 Inverness Drive 26 Middleton Gardens Place 1 Spring Hill Court 44 Colleton River Drive 50 Hawthorne Road 9 Hanover Way 55 Colleton River Drive 46 Inverness Drive 3 Hawthorne Road 23 Hampton Lane 7 Millbrook Court 17 Middleton Gardens Place 6 Somerset Point 9 Magnolia Blossom Drive 12 Ballybunion Way 12 Lawsons Pond Court 54 Hawthorne Road 41 Colleton River Drive 8 Ballybunion Way 4 Fairfield Court
Deep Water, River Deep Water Deep Water, Marsh Deep Water, River Deep Water Marsh, Pool Marsh, River Marsh Golf, Marsh Deep Water, Marsh Golf, Marsh Marsh Lake Deep Water, Marsh Golf, Marsh Lake Golf Golf, Marsh Golf, Lagoon Golf, Lagoon Deep Water, Golf Lagoon, Lake Golf, Landscape Golf Golf, Lagoon Marsh Golf, Lagoon Lake Golf, Marsh Golf, Lagoon Golf Lagoon Marsh Golf, Lagoon Golf Golf, Wooded Golf, Lagoon Golf Marsh, River Golf, Marsh Golf Golf Golf Golf, Lagoon Marsh, River 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 --4 4 2 6,628 2000 $2,950,000 --5 5 1 5,367 1996 $2,910,000 --5 4 2 7,944 1997 $2,900,000 --5 6 1 5,681 2007 $2,400,000 --4 4 1 5,075 2006 $1,499,999 --5 5 1 6,013 2007 $1,499,000 --5 4 2 5,161 1995 $1,490,000 --4 5 1 4,903 1996 $1,429,000 --4 4 1 5,218 2017 $1,425,000 --4 4 1 4,443 1999 $1,400,000 --3 3 2 3,571 2004 $1,375,000 --5 4 1 5,904 2003 $1,349,000 --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 --4 4 1 5,064 2008 $1,224,000 --4 4 1 5,048 2005 $1,179,000 --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 3 1 3,409 2016 $925,000 --4 4 1 4,452 2000 $895,000 --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 4,120 2004 $849,000 --4 4 1 4,250 1999 $849,000 --5 5 1 4,702 2000 $835,000 --4 4 0 3,354 2000 $795,000 --4 4 1 4,406 2000 $739,000 --4 4 0 3,252 1993 $729,000 --4 4 1 3,242 1994 $725,000 --3 3 1 3,871 2001 $699,500 --4 4 1 3,963 2004 $679,900 --3 3 1 3,732 1994 $575,000 --4 4 1 3,237 2016 $549,900 --4 4 1 5,392 2002 $1,315,000 --4 4 1 3,900 2016 $1,300,000 --3 3 1 3,720 1999 $749,000 --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 0 3,800 1998 $725,000 $700,000 4 4 1 4,300 2006 $699,900 $640,000 4 3 1 4,719 2000 $529,000 $460,000
Giving You The EDGE™Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between February 1, 2018 and April 30, 2018
How Much Has Your Home Value Increased Over the Last Year? Source: Keeping Current Matters, May 2018
9.3%
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.
8.5%
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.
7% 5.4%
The chart to the left shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available). It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year. Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
LOW PRICE
KEY TRENDS
LOW TO MIDDLE PRICE
MIDDLE TO MODERATE PRICE
BOTTOM LINE
HIGH PRICE
If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.
30-Year Fixed-Rate Mortgage Rates Source: Freddie Mac, May 2018
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.
4.5
4.9 4.6
2018 Q4
2018 Q3
2018 Q2
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
FOOD FOR THOUGHT buyers thought they could wait forever because rates were going to stay low forever. They’re starting to realize that if they’re going to buy, they should probably buy now. Rick Palacios Jr., DIRECTOR OF RESEARCH John Burns Real Estate Consulting
• 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
2017 - Today actual interest rates
Where they’re going in 2018
THE STATE
Our Portfolio of Fine Colleton River Homes
of the Colleton River Real Estate Market
May 2018
KEY METRICS
28 Seven Oaks Drive, Colleton River
4 Spring Hill Court, Colleton River
In Colleton River, six homes closed in the first four months of 2018, five sold this time last year. So far in 2018, the total dollar volume was $4,815,000, very close compared to 2017’s first four month volume of $4,185,000. Supply and demand: as of May 1st, 2018, there are 38 Colleton River homes listed for sale with an average of 1.5 homes selling per month over the last six months. That translates into a 25.33-month supply, considered by industry experts to be a very strong buyer’s market. There are currently three homes under contract in Colleton River.
4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000
6
$737,500
93.39%
212
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 Four Months of 2018 in Review
716 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through April 30 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
448
$226,000
2014
395
$245,000
2015
474
$255,000
2016
562
$273,000
2017
570
$295,000
2018
654
$302,000
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 four 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 four months of homes sales on the Mainland, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 341 sales. As you can see in the chart to the left, in first four months of 2018, 654 homes were sold, almost doubling the pre-recession peak! As the demand for the Mainland continues to outpace supply, the median price has risen 2.4% 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 May 2, 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.