THE STATE
Our Portfolio of Fine Homes
of the Haig Point Real Estate Market
June 2018
KEY METRICS
5 Bedrooms | 5 Full and 2 Half Bathrooms | 7,700 Htd. SqFt | $2,275,000
46 Freeport Drive, Haig Point
In Haig Point, eight homes closed in the first five months of 2018, with a close comparable of nine homes closing during this same period last year. So far, the total dollar volume of 2018 was $4,653,504, up compared to $3,548,403 in 2017. Supply and demand: as of June 1st, 2018, there are 31 Haig Point homes listed for sale with an average of 1.5 homes selling per month over the last six months. That translates into a 20.67-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Haig Point.
8
$575,000
91.70%
166
Total Sales
Median Price
Sale to List Price
Median Days on Market
C
O UN N D T E R R A C T
Designed by award-winning architect Barry Fox and constructed by revered Sandcastle Builders, this stunning antebellum waterfront estate in Haig Point on Daufuskie Island will take your breath away. With sweeping views of the Atlantic Ocean, Calibogue Sound, and the Barrier Islands, and sitting on 1.5-acres of Lowcountry splendor, the distinctive architectural details of this estate are evident at every turn. Spanning 7,700 square feet and four floors, luxurious features include a beautiful copper roof and gutters, a wraparound porch, sunken cypress paneling, rounded feature walls, quarter-sawn hardwood floors, and three fireplaces all highlighted by sun-drenched interiors. The estate’s five graciously scaled luxury bedrooms are resort-quality retreats while the grand, two-story marsh room and designer chef’s kitchen with high-end appliances are the epitome of opulence. Additional offerings include a wisteria laden pergola, a custom temperature-controlled brick wine cellar, and a full fitness center with captivating water views. This residence exudes grandeur at an incredible value. Discover the magic of island living - an opportunity not to be missed!
First Five Months of 2018 in Review
Hilton Head Island and Daufuskie Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND AND DAUFUSKIE ISLAND
676 84 Rose Dhu Creek Plantation Drive, Rose Dhu Creek Plantation 4 Bedrooms | 3.5 Bathrooms | 3,650 Htd. SqFt | $899,000 Pure Lowcountry elegance best describes this home. It is totally flawless to perfection with Restoration Hardware fixtures. Indulge in the Master Suite bathroom oasis boasting a shower experience with digital/Bluetooth/presets for lighting and rain-shower head - an upgrade valued at $9K. The gourmet kitchen is highlighted by verta green glass countertops with local oyster shells matching the mirror in the home’s office as well as a hand-fired clay sink from England. Each bathroom has German glass rolling doors and tile all the way up to the ceiling. For a family, the upstairs is a dream retreat with two bedrooms and a media room in the middle room between. Additional features include a wood burning fireplace, newly finished heart of pine floors and spray foam insulation from top to bottom. The additional room over the garage is perfect for a mother-in-law suite.
COMMUNITY SPECIALIST Scott Regene is your Haig Point Real Estate Specialist. Contact Scott for a complimentary home valuation and discover
how he 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
YTD Hilton Head Island and Daufuskie Island Home Sales YTD Through May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
325
$475,000
2014
324
$485,000
2015
360
$531,000
2016
359
$510,000
2017
362
$544,000
2018
445
$543,000
How’s the Hilton Head Island and Daufuskie Island Real Estate Market Doing? In 2018 the Hilton Head Island area’s housing market including Daufuskie Island enjoyed its best first five months in 13 years, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, the number of sales in the first five months is up to 445, a 23% increase from 2017. Essentially, home prices on the Islands have remained flat for the last two years but are now up significantly compared to 2016. The median price of homes selling in the US is at its highest ever. Median price on the Islands in 2006 hit its highest level ever at $750,000. It is expected that Island prices in the next several years will again rise into record setting territory. Thus, with prices still far below the peak and today’s historically low interest rates, it is an exceptional time to invest in real estate on the Islands.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2018 through June 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.
Haig Point 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 Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold
46 Freeport Drive 15 Front Light Walk 33 Freeport Drive 27 S Range Overlook 51 Tabby Circle 12 Lighthouse Court 53 Tabby Circle 10 Loch Lomond Court 27 Tabby Circle 4 Maggie Path 2 Savannah Walk 3 Lake Ridge Court 20 Port Passage 9 Front Light Walk 1142 Haig Point Road 4 White Lantern 11 Lighthouse Court 19 Prestwick Green 12 Savannah Walk 22 Osprey Links Drive 4 Wood Duck Court 3 Magnolia Court 27 Osprey Lane 2 Pine Swallow Court 2 Osprey Court 1107 Haig Point Road 8 Ocean Reach 11 River Place Crossing 13 River Place Crossing 13 Carnoustie Court 10 Clubhouse Court 18 Port Passage 1179 Haig Point Road 23 Osprey Lane 9 Prestwick Green 4 Sea Island Lane 21 S Range Overlook 3 Blodgett Hollow 20 Mongin Run 3 Osprey Links Drive 52 Prestwick Green 13 Port Passage 5 Lake Ridge Court
Ocean, Sound Ocean, Sound Golf, Ocean Golf, Ocean Ocean, Sound Deep Water, Sound Sound Golf, Lagoon Golf, Sound Golf, Lagoon Deep Water, River Golf, Lake Marsh, Sound Golf, Sound Golf Sound Sound Golf, Lake Deep Water, River Golf, Wooded Lagoon Golf, Wooded Golf, Lake Golf, Wooded Golf, Lake Lagoon, Landscape Golf Marsh Deep Water, Marsh Lagoon Deep Water Marsh, Sound Lake Golf, Lake Wooded Golf, Sound Golf Lake Landscape, Wooded Golf, Lake Golf, Sound Lagoon Golf, Lake
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 5 $5 2 7,700 1998 $2,275,000 --5 $5 1 5,842 2004 $2,195,000 --4 $4 1 3,977 2007 $1,300,000 --4 $3 1 4,410 2001 $1,299,000 --5 $5 0 3,583 2004 $1,250,000 --4 $4 1 4,300 1993 $1,250,000 --4 $4 1 3,304 1999 $1,100,000 --3 $4 1 2,733 2009 $849,000 --3 $3 1 3,108 1998 $749,000 --3 $3 1 3,338 2004 $695,000 --3 $3 1 3,729 1988 $675,000 --3 $3 1 3,255 2008 $659,000 --5 $5 1 5,400 2017 $650,000 --4 $3 1 2,809 1998 $624,000 --3 $3 1 3,123 1987 $575,000 --4 $4 1 3,168 1988 $549,000 --3 $3 1 2,332 1991 $549,000 --3 $3 1 2,491 2001 $529,900 --3 $3 0 2,695 1988 $525,000 --3 $2 1 2,626 2005 $499,900 --3 $3 1 3,123 1987 $479,000 --3 $3 0 2,691 1987 $475,000 --3 $3 1 2,938 1996 $449,000 --4 $2 1 2,874 1988 $449,000 --3 $3 1 2,744 2001 $439,900 --3 $3 1 2,549 1988 $420,000 --4 $3 1 2,678 2006 $419,000 --3 $2 1 1,800 2000 $399,900 --3 $2 1 2,100 2000 $379,000 --4 $4 1 2,398 2008 $369,900 --3 $3 1 2,210 1989 $276,000 --3 $3 1 3,681 2006 $1,200,000 --3 $4 0 2,981 1987 $495,000 --3 $3 1 2,578 1995 $285,000 --4 $4 1 2,365 2005 $250,000 --4 4 1 3,587 2008 $1,050,000 $963,000 4 4 1 3,221 2010 $725,000 $675,000 5 5 1 3,761 2002 $699,000 $667,500 4 4 0 3,290 2005 $695,000 $600,000 3 $3 $1 3,300 2005 $599,900 $550,000 4 $3 $0 2,535 2001 $585,000 $535,000 3 $3 $1 3,210 1999 $499,900 $468,000 3 $2 $1 3,363 1992 $220,000 $195,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 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
Haig Point 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 Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold
46 Freeport Drive 15 Front Light Walk 33 Freeport Drive 27 S Range Overlook 51 Tabby Circle 12 Lighthouse Court 53 Tabby Circle 10 Loch Lomond Court 27 Tabby Circle 4 Maggie Path 2 Savannah Walk 3 Lake Ridge Court 20 Port Passage 9 Front Light Walk 1142 Haig Point Road 4 White Lantern 11 Lighthouse Court 19 Prestwick Green 12 Savannah Walk 22 Osprey Links Drive 4 Wood Duck Court 3 Magnolia Court 27 Osprey Lane 2 Pine Swallow Court 2 Osprey Court 1107 Haig Point Road 8 Ocean Reach 11 River Place Crossing 13 River Place Crossing 13 Carnoustie Court 10 Clubhouse Court 18 Port Passage 1179 Haig Point Road 23 Osprey Lane 9 Prestwick Green 4 Sea Island Lane 21 S Range Overlook 3 Blodgett Hollow 20 Mongin Run 3 Osprey Links Drive 52 Prestwick Green 13 Port Passage 5 Lake Ridge Court
Ocean, Sound Ocean, Sound Golf, Ocean Golf, Ocean Ocean, Sound Deep Water, Sound Sound Golf, Lagoon Golf, Sound Golf, Lagoon Deep Water, River Golf, Lake Marsh, Sound Golf, Sound Golf Sound Sound Golf, Lake Deep Water, River Golf, Wooded Lagoon Golf, Wooded Golf, Lake Golf, Wooded Golf, Lake Lagoon, Landscape Golf Marsh Deep Water, Marsh Lagoon Deep Water Marsh, Sound Lake Golf, Lake Wooded Golf, Sound Golf Lake Landscape, Wooded Golf, Lake Golf, Sound Lagoon Golf, Lake
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 5 $5 2 7,700 1998 $2,275,000 --5 $5 1 5,842 2004 $2,195,000 --4 $4 1 3,977 2007 $1,300,000 --4 $3 1 4,410 2001 $1,299,000 --5 $5 0 3,583 2004 $1,250,000 --4 $4 1 4,300 1993 $1,250,000 --4 $4 1 3,304 1999 $1,100,000 --3 $4 1 2,733 2009 $849,000 --3 $3 1 3,108 1998 $749,000 --3 $3 1 3,338 2004 $695,000 --3 $3 1 3,729 1988 $675,000 --3 $3 1 3,255 2008 $659,000 --5 $5 1 5,400 2017 $650,000 --4 $3 1 2,809 1998 $624,000 --3 $3 1 3,123 1987 $575,000 --4 $4 1 3,168 1988 $549,000 --3 $3 1 2,332 1991 $549,000 --3 $3 1 2,491 2001 $529,900 --3 $3 0 2,695 1988 $525,000 --3 $2 1 2,626 2005 $499,900 --3 $3 1 3,123 1987 $479,000 --3 $3 0 2,691 1987 $475,000 --3 $3 1 2,938 1996 $449,000 --4 $2 1 2,874 1988 $449,000 --3 $3 1 2,744 2001 $439,900 --3 $3 1 2,549 1988 $420,000 --4 $3 1 2,678 2006 $419,000 --3 $2 1 1,800 2000 $399,900 --3 $2 1 2,100 2000 $379,000 --4 $4 1 2,398 2008 $369,900 --3 $3 1 2,210 1989 $276,000 --3 $3 1 3,681 2006 $1,200,000 --3 $4 0 2,981 1987 $495,000 --3 $3 1 2,578 1995 $285,000 --4 $4 1 2,365 2005 $250,000 --4 4 1 3,587 2008 $1,050,000 $963,000 4 4 1 3,221 2010 $725,000 $675,000 5 5 1 3,761 2002 $699,000 $667,500 4 4 0 3,290 2005 $695,000 $600,000 3 $3 $1 3,300 2005 $599,900 $550,000 4 $3 $0 2,535 2001 $585,000 $535,000 3 $3 $1 3,210 1999 $499,900 $468,000 3 $2 $1 3,363 1992 $220,000 $195,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 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 Homes
of the Haig Point Real Estate Market
June 2018
KEY METRICS
5 Bedrooms | 5 Full and 2 Half Bathrooms | 7,700 Htd. SqFt | $2,275,000
46 Freeport Drive, Haig Point
In Haig Point, eight homes closed in the first five months of 2018, with a close comparable of nine homes closing during this same period last year. So far, the total dollar volume of 2018 was $4,653,504, up compared to $3,548,403 in 2017. Supply and demand: as of June 1st, 2018, there are 31 Haig Point homes listed for sale with an average of 1.5 homes selling per month over the last six months. That translates into a 20.67-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Haig Point.
8
$575,000
91.70%
166
Total Sales
Median Price
Sale to List Price
Median Days on Market
C
O UN N D T E R R A C T
Designed by award-winning architect Barry Fox and constructed by revered Sandcastle Builders, this stunning antebellum waterfront estate in Haig Point on Daufuskie Island will take your breath away. With sweeping views of the Atlantic Ocean, Calibogue Sound, and the Barrier Islands, and sitting on 1.5-acres of Lowcountry splendor, the distinctive architectural details of this estate are evident at every turn. Spanning 7,700 square feet and four floors, luxurious features include a beautiful copper roof and gutters, a wraparound porch, sunken cypress paneling, rounded feature walls, quarter-sawn hardwood floors, and three fireplaces all highlighted by sun-drenched interiors. The estate’s five graciously scaled luxury bedrooms are resort-quality retreats while the grand, two-story marsh room and designer chef’s kitchen with high-end appliances are the epitome of opulence. Additional offerings include a wisteria laden pergola, a custom temperature-controlled brick wine cellar, and a full fitness center with captivating water views. This residence exudes grandeur at an incredible value. Discover the magic of island living - an opportunity not to be missed!
First Five Months of 2018 in Review
Hilton Head Island and Daufuskie Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND AND DAUFUSKIE ISLAND
676 84 Rose Dhu Creek Plantation Drive, Rose Dhu Creek Plantation 4 Bedrooms | 3.5 Bathrooms | 3,650 Htd. SqFt | $899,000 Pure Lowcountry elegance best describes this home. It is totally flawless to perfection with Restoration Hardware fixtures. Indulge in the Master Suite bathroom oasis boasting a shower experience with digital/Bluetooth/presets for lighting and rain-shower head - an upgrade valued at $9K. The gourmet kitchen is highlighted by verta green glass countertops with local oyster shells matching the mirror in the home’s office as well as a hand-fired clay sink from England. Each bathroom has German glass rolling doors and tile all the way up to the ceiling. For a family, the upstairs is a dream retreat with two bedrooms and a media room in the middle room between. Additional features include a wood burning fireplace, newly finished heart of pine floors and spray foam insulation from top to bottom. The additional room over the garage is perfect for a mother-in-law suite.
COMMUNITY SPECIALIST Scott Regene is your Haig Point Real Estate Specialist. Contact Scott for a complimentary home valuation and discover
how he 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
YTD Hilton Head Island and Daufuskie Island Home Sales YTD Through May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
325
$475,000
2014
324
$485,000
2015
360
$531,000
2016
359
$510,000
2017
362
$544,000
2018
445
$543,000
How’s the Hilton Head Island and Daufuskie Island Real Estate Market Doing? In 2018 the Hilton Head Island area’s housing market including Daufuskie Island enjoyed its best first five months in 13 years, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, the number of sales in the first five months is up to 445, a 23% increase from 2017. Essentially, home prices on the Islands have remained flat for the last two years but are now up significantly compared to 2016. The median price of homes selling in the US is at its highest ever. Median price on the Islands in 2006 hit its highest level ever at $750,000. It is expected that Island prices in the next several years will again rise into record setting territory. Thus, with prices still far below the peak and today’s historically low interest rates, it is an exceptional time to invest in real estate on the Islands.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2018 through June 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.