THE STATE
Our international reach finds home buyers.
of the Haig Point Real Estate Market
5
January 2018
Continents
33
KEY METRICS
Countries
750
+
2017 Year-End in Review
Shops
In Haig Point, 19 homes closed in 2017, which is two fewer than 2016, but for the first time in many years, we realized net-new memberships for the year which is a very positive trend in our community. January through December’s total dollar volume was $8,532,851, compared with $10,193,850 in 2016. Supply and demand: as of January 3rd, 2018, there are 25 Haig Point homes listed for sale with an average of one home selling per month over the last six months. This translates into a 25-month supply, considered to be a very strong buyer’s market. There is currently one home under contract in Haig Point. In the lot realm, eight lots closed in 2017, compared to 10 lots sold in 2016. There is currently one lot under contract.
9,000+
Advisors
International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 750 brokerages and 9,000 advisors in highly desirable markets including the United States, Canada and Europe. A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.
19
$320,000
95.54%
276
Total Sales
Median Price
Sale to List Price
Median Days on Market
Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Haig Point real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.
Hilton Head Island and Daufuskie Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND AND DAUFUSKIE ISLAND
We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
584
Please contact me to schedule a brief introductory meeting and complimentary home valuation.
YTD Hilton Head Island and Daufuskie Island Home Sales
COMMUNITY SPECIALIST Scott Regene is your Haig Point Real Estate Specialist. Contact me for a complimentary home valuation and discover
how I can increase your property’s visibility both nationally and internationally through Engel & Völkers global real estate network, unique digital platforms, social media presence, and local market expertise.
Scott Regene Real Estate Advisor 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
Telephone: 843-949-0522 Email: scott.regene@evusa.com Website: www.scottregene.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.
PRSRT STD US POSTAGE PAID Permit 73
Hilton Head Is., SC
Year
Number of Homes Sold
Median Price
2013
844
$485,00
2014
849
$483,000
2015
886
$520,000
2016
867
$525,000
2017
937
$550,000
How’s the Hilton Head Island and Daufuskie Island Real Estate Market Doing? The combined Hilton Head Island and Daufuskie Island housing market in 2017 realized its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Islands have increased over the last five years. In other positive news, home values in 2017 were up 4.6% over 2016 prices, but still 17.9% 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 on the Islands...whether to live in, as a second home, to keep until retirement, or as a potential cash-flow positive investment. Contact Scott to learn more.
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.
Haig Point Home Listings STATUS
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 Pending Sold Sold Sold
46 Freeport Drive 15 Front Light Walk 15 Lighthouse Court 53 Tabby Circle 55 Tabby Circle 10 Loch Lomond Court 3 Blodgett Hollow 3 Lake Ridge Court 20 Port Passage 4 White Lantern 70 Tabby Circle 52 Prestwick Green 19 Prestwick Green 6 Savannah Walk 3 Magnolia Court 13 Port Passage 22 Osprey Links Drive 27 Osprey Lane 38 Prestwick Green 4 Wood Duck Court 8 Ocean Reach 1179 Haig Point Road 9 Carnoustie Court 25 Prestwick Green 23 Osprey Lane 5 Lake Ridge Court 5 White Lantern 55 Forest Lake Drive 7 Osprey Links Drive
VIEW Deep Water, Ocean Ocean, Sound Golf, Sound Sound Deep Water Golf, Lagoon/Canal Lake Golf, Lake Marsh, Sound Golf, Sound Deep Water Golf, Sound Golf, Lake Deep Water, Marsh Golf Lagoon/Canal Golf, Wooded Golf, Lake Golf, Sound Lagoon/Canal Golf Lake Golf, Lagoon/Canal Golf, Landscape Golf, Lake Golf, Lake Deep Water, Marsh Lagoon/Canal, Landscape Golf, Lake
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 5 5 2 7,700 1998 $2,475,000 --5 5 1 5,842 2004 $2,450,000 --4 4 1 3,541 1996 $1,250,000 --4 4 1 3,304 1999 $1,100,000 --5 6 1 3,360 1990 $999,000 --3 4 1 2,733 2009 $849,000 --5 5 1 3,761 2002 $699,000 --3 3 1 3,255 2008 $659,000 --5 5 1 5,400 2017 $650,000 --4 3 1 3,168 1988 $629,000 --4 4 1 2,520 2005 $599,000 --4 3 0 2,535 2001 $585,000 --3 3 1 2,491 2001 $529,900 --3 2 1 3,572 1988 $519,900 --3 3 0 2,941 1987 $499,900 --3 3 1 3,210 1999 $499,900 --3 2 1 2,626 2005 $499,900 --3 3 1 2,938 1996 $499,000 --4 4 0 2,656 1992 $479,000 --3 3 1 3,123 1987 $479,000 --4 3 1 2,678 2006 $419,000 --3 4 0 2,981 1987 $365,000 --4 4 1 2,836 2006 $359,700 --3 3 1 2,520 1992 $320,000 --3 3 1 2,578 1995 $310,000 --3 2 1 3,363 1992 $220,000 --4 4 1 4,748 1996 $1,375,000 $1,375,000 4 4 1 3,250 2016 $780,000 $780,000 4 3 1 3,826 2007 $612,450 $612,450
Home Prices Up 6.54% Across the Country
KEY TRENDS
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%
EAST NORTH CENTRAL
5.22%
NEW ENGLAND
5.91%
8.63%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
< 0.0% WEST SOUTH CENTRAL
Definitions for Listings
0.0% to 2.9%
6.15%
3.0% to 7.9%
Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
> 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.
TECH FOCUS
Year Over Year Prices by State Extensive Domestic & Global Exposure (EDGE™)
WA 11.5%
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
• 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
ND 2.0%
MT 6.5% OR 8.8%
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.
VT (2.0%)
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
5.6%
KY 7.3% 8.7%
TX 7.1%
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%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
GA 7.6%
FL 8.1%
AK
• White-glove professionalism and local market expertise of your dedicated Advisor
< 0.0% 0.0% to 2.9% 3.0% to 7.9%
Let us provide the EDGE you need to sell your home. Contact Scott Regene for a complimentary, no-obligation home valuation.
HI 10.0%
Waiting to move may end up costing you more!
”
LA 4.4%
3.1%
“
> 8.0%
Haig Point Home Listings STATUS
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 Pending Sold Sold Sold
46 Freeport Drive 15 Front Light Walk 15 Lighthouse Court 53 Tabby Circle 55 Tabby Circle 10 Loch Lomond Court 3 Blodgett Hollow 3 Lake Ridge Court 20 Port Passage 4 White Lantern 70 Tabby Circle 52 Prestwick Green 19 Prestwick Green 6 Savannah Walk 3 Magnolia Court 13 Port Passage 22 Osprey Links Drive 27 Osprey Lane 38 Prestwick Green 4 Wood Duck Court 8 Ocean Reach 1179 Haig Point Road 9 Carnoustie Court 25 Prestwick Green 23 Osprey Lane 5 Lake Ridge Court 5 White Lantern 55 Forest Lake Drive 7 Osprey Links Drive
VIEW Deep Water, Ocean Ocean, Sound Golf, Sound Sound Deep Water Golf, Lagoon/Canal Lake Golf, Lake Marsh, Sound Golf, Sound Deep Water Golf, Sound Golf, Lake Deep Water, Marsh Golf Lagoon/Canal Golf, Wooded Golf, Lake Golf, Sound Lagoon/Canal Golf Lake Golf, Lagoon/Canal Golf, Landscape Golf, Lake Golf, Lake Deep Water, Marsh Lagoon/Canal, Landscape Golf, Lake
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 5 5 2 7,700 1998 $2,475,000 --5 5 1 5,842 2004 $2,450,000 --4 4 1 3,541 1996 $1,250,000 --4 4 1 3,304 1999 $1,100,000 --5 6 1 3,360 1990 $999,000 --3 4 1 2,733 2009 $849,000 --5 5 1 3,761 2002 $699,000 --3 3 1 3,255 2008 $659,000 --5 5 1 5,400 2017 $650,000 --4 3 1 3,168 1988 $629,000 --4 4 1 2,520 2005 $599,000 --4 3 0 2,535 2001 $585,000 --3 3 1 2,491 2001 $529,900 --3 2 1 3,572 1988 $519,900 --3 3 0 2,941 1987 $499,900 --3 3 1 3,210 1999 $499,900 --3 2 1 2,626 2005 $499,900 --3 3 1 2,938 1996 $499,000 --4 4 0 2,656 1992 $479,000 --3 3 1 3,123 1987 $479,000 --4 3 1 2,678 2006 $419,000 --3 4 0 2,981 1987 $365,000 --4 4 1 2,836 2006 $359,700 --3 3 1 2,520 1992 $320,000 --3 3 1 2,578 1995 $310,000 --3 2 1 3,363 1992 $220,000 --4 4 1 4,748 1996 $1,375,000 $1,375,000 4 4 1 3,250 2016 $780,000 $780,000 4 3 1 3,826 2007 $612,450 $612,450
Home Prices Up 6.54% Across the Country
KEY TRENDS
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%
EAST NORTH CENTRAL
5.22%
NEW ENGLAND
5.91%
8.63%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
< 0.0% WEST SOUTH CENTRAL
Definitions for Listings
0.0% to 2.9%
6.15%
3.0% to 7.9%
Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
> 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.
TECH FOCUS
Year Over Year Prices by State Extensive Domestic & Global Exposure (EDGE™)
WA 11.5%
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
• 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
ND 2.0%
MT 6.5% OR 8.8%
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.
VT (2.0%)
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
5.6%
KY 7.3% 8.7%
TX 7.1%
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%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
GA 7.6%
FL 8.1%
AK
• White-glove professionalism and local market expertise of your dedicated Advisor
< 0.0% 0.0% to 2.9% 3.0% to 7.9%
Let us provide the EDGE you need to sell your home. Contact Scott Regene for a complimentary, no-obligation home valuation.
HI 10.0%
Waiting to move may end up costing you more!
”
LA 4.4%
3.1%
“
> 8.0%
THE STATE
Our international reach finds home buyers.
of the Haig Point Real Estate Market
5
January 2018
Continents
33
KEY METRICS
Countries
750
+
2017 Year-End in Review
Shops
In Haig Point, 19 homes closed in 2017, which is two fewer than 2016, but for the first time in many years, we realized net-new memberships for the year which is a very positive trend in our community. January through December’s total dollar volume was $8,532,851, compared with $10,193,850 in 2016. Supply and demand: as of January 3rd, 2018, there are 25 Haig Point homes listed for sale with an average of one home selling per month over the last six months. This translates into a 25-month supply, considered to be a very strong buyer’s market. There is currently one home under contract in Haig Point. In the lot realm, eight lots closed in 2017, compared to 10 lots sold in 2016. There is currently one lot under contract.
9,000+
Advisors
International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 750 brokerages and 9,000 advisors in highly desirable markets including the United States, Canada and Europe. A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.
19
$320,000
95.54%
276
Total Sales
Median Price
Sale to List Price
Median Days on Market
Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Haig Point real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.
Hilton Head Island and Daufuskie Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND AND DAUFUSKIE ISLAND
We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
584
Please contact me to schedule a brief introductory meeting and complimentary home valuation.
YTD Hilton Head Island and Daufuskie Island Home Sales
COMMUNITY SPECIALIST Scott Regene is your Haig Point Real Estate Specialist. Contact me for a complimentary home valuation and discover
how I can increase your property’s visibility both nationally and internationally through Engel & Völkers global real estate network, unique digital platforms, social media presence, and local market expertise.
Scott Regene Real Estate Advisor 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
Telephone: 843-949-0522 Email: scott.regene@evusa.com Website: www.scottregene.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.
PRSRT STD US POSTAGE PAID Permit 73
Hilton Head Is., SC
Year
Number of Homes Sold
Median Price
2013
844
$485,00
2014
849
$483,000
2015
886
$520,000
2016
867
$525,000
2017
937
$550,000
How’s the Hilton Head Island and Daufuskie Island Real Estate Market Doing? The combined Hilton Head Island and Daufuskie Island housing market in 2017 realized its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Islands have increased over the last five years. In other positive news, home values in 2017 were up 4.6% over 2016 prices, but still 17.9% 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 on the Islands...whether to live in, as a second home, to keep until retirement, or as a potential cash-flow positive investment. Contact Scott to learn more.
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.