THE STATE
Our Portfolio of Fine Properties in Hampton Lake C O S M O IN O G N
Situated at the end of cul-de-sac, this home has beautiful views of the lake and its own dock, perfect for kayaks and pontoons! The Lowcountry architecture is welcoming and classic in design featuring a front porch, dormers, and hardiplank siding. The interior floor plan is functional in design boasting an open concept living space with a dining room, living room, and keeping room off the kitchen area. The living room features a fireplace and sliding doors to the screened porch overlooking the lake. The chef’s kitchen focal point is a large center island perfect for entertaining and cooking. Wood floors throughout the main living areas are perfect for South Carolina living. The split bedroom design is great for privacy. The luxurious master suite is located behind the living area with two guest bedrooms and a shared bath on the other end of the house. Upstairs an oversized bonus room + bath with over 600 square feet will delight those looking for a space to make their own whether it be the quintessential “man cave”, craft room, home gym or teen retreat. 46 Waterview Court, Hampton Lake
O UN N D T E R R A C T
O UN N D T E R R A C T
C
C
4 Bedrooms | 3 Bathrooms | 3,215 Htd. SqFt | $725,000
79 Hampton Lake Drive, Hampton Lake
4 Bedrooms | 3.5 Bathrooms | 3,285 Htd. SqFt | $638,800
14 Hampton Lake Crossing, Hampton Lake
of the Hampton Lake Real Estate Market
April 2018
KEY METRICS
March 2018 in Review
In Hampton Lake, one home sold in the past thirty days, versus two closed transactions the previous month. However, it was a very busy month for pending transactions, with eight homes going under contract with a median list price of $635,150. Seven new properties were listed for sale, only two being resales. The community overall has 27 single family homes for sale, and five coach homes/villas listed. We are not counting new construction by KHOV as previously stated due to inaccurate data in the MLS. We are pleased to announce both of our listings at 14 Hampton Lake Crossing and 79 Hampton Lake Drive are now UNDER CONTRACT IN THIRTY DAYS! We also brought the buyers for 57 Anchor Cove Court and 43 Anchor Cove Court. If you are thinking about listing, now is the time to call us!
1
$534,950
98%
125
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview
4 Bedrooms | 4 Bathrooms | 3,106 Htd. SqFt | $735,000
ACTIVE LISTINGS IN GREATER BLUFFTON
724 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through March 31 for Each Year
17 Blue Trail Court, Hampton Lake
Lot | 0.25 Acres | Lake View | $145,000
28 Blue Trail Court, Hampton Lake
Lot | 0.22 Acres | Wooded View | $75,800
The Chafer Sutphin Group have 12 lots for sale in Hampton Lake, with lakefront starting at $118,708 and wooded starting at $75,800.
COMMUNITY SPECIALIST
The Chafer Sutphin Group is your Hampton Lake Real Estate Specialist having helped 15 clients buy and sell properties in the community. Contact us for a complimentary home valuation and discover how we 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.
Tisha Chafer, Real Estate Advisor Tanner Sutphin, 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 • 843-384-1645 | 843-384-3006 Email • tisha.chafer@evusa.com tanner.sutphin@evusa.com Website • www.chafersutphingroup.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
CHAFER SUTPHIN GROUP
Hilton Head Is., SC
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% 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 April 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.
CHAFER SUTPHIN GROUP
Hampton Lake Home and Villa 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 Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending
35 Heartwood Court #1215 9 Heartwood Court #1202 506 Hampton Lake Drive 27 Sweet Marsh Court 206 Castaway Drive W 36 Green Trail Court 402 Lake Bluff Drive 214 Castaway Drive W 210 Castaway Drive W 25 Green Trail Court 121 Flatwater Drive 226 Castaway Drive W 235 Hampton Lake Drive 295 Hampton Lake Drive 18 Balsam Bay Court 163 Hampton Lake Crossing #1411 115 Hampton Lake Crossing 119 Hampton Lake Crossing 17 Mooring Line Court #1461 11 Driftwood Court W 21 Waterview Court 174 Hampton Lake Crossing #1469 8 Harborage Court 35 Mooring Line Court 440 Hampton Lake Drive 31 Mooring Line Court 519 Lake Bluff Drive 248 Hampton Lake Drive 69 Hampton Lake Drive 34 Sweet Marsh Ct 515 Lake Bluff Drive 503 Hampton Lake Drive 242 Castaway Drive W 395 Lake Bluff Drive 181 Hampton Lake Crossing #1402 165 Hampton Lake Crossing #1408 161 Hampton Lake Crossing #1410 172 Hampton Lake Crossing #1468 133 Flatwater Drive 137 Flatwater Drive 461 Hampton Lake Drive 494 Lake Bluff Drive 79 Hampton Lake Drive 225 Hampton Lake Drive 14 Hampton Lake Crossing 57 Anchor Cove Court 14 Harborage Court 43 Anchor Cove Court
Landscape, Wooded Landscape, Wooded Wooded Wooded Lake Landscape, Wooded Wooded Lake Lake Wooded Wooded Lake Wooded Wooded Wooded Lake, Wooded Wooded Lake Lake Landscape Lake Lake Lake Lake Landscape, Wooded Lake Lake Lake Lake Lake Lake Wooded Lake Wooded Lake Lake Lake Lake Wooded Wooded Wooded Landscape Wooded Wooded Lake Lake Lake Lake
KEY TRENDS
TOTAL APPROX. SQ. YEAR DAYS ON FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS FOOTAGE BUILT MARKET 3 3 0 2,056 2007 $298,950 --11 3 3 0 2,269 2007 $329,500 --559 4 2 1 2,120 2017 $393,900 --113 3 3 0 2,586 2010 $399,000 --134 3 2 1 2,271 2017 $498,860 --154 3 3 0 2,744 2016 $524,900 --185 3 3 0 3,267 2016 $530,000 --182 3 2 1 2,588 2017 $539,650 --147 4 3 1 2,710 2017 $540,789 --184 3 3 0 2,436 2016 $549,000 --153 3 3 0 2,439 2018 $551,255 --6 3 2 1 2,771 2018 $565,520 --13 3 3 0 2,951 2018 $589,000 --110 3 3 0 2,951 2017 $599,000 --335 3 2 1 2,721 2018 $610,000 --110 3 3 1 4,191 2008 $624,500 --250 3 4 0 2,817 2017 $625,000 --221 3 3 0 2,818 2018 $625,570 --12 3 3 1 4,191 2008 $634,900 --109 4 4 0 3,620 2016 $648,000 --57 3 3 1 2,602 2013 $649,000 --162 3 3 1 4,191 2007 $649,900 --329 4 4 0 3,109 2008 $650,000 --234 3 3 0 2,817 2018 $682,160 --12 3 3 1 3,033 2011 $689,900 --372 4 4 0 2,879 2017 $699,900 --209 3 3 1 2,890 2017 $846,127 --152 4 4 1 2,992 2007 $869,000 --40 4 3 2 3,550 2007 $885,000 --54 4 3 1 4,028 2008 $895,000 --56 3 4 0 3,259 2018 $895,900 --20 3 3 1 2,417 2017 $398,773 --187 3 2 1 2,588 2017 $444,089 --2 4 3 1 3,234 2017 $479,990 --256 2 2 1 3,082 2007 $498,000 --308 2 2 1 3,082 2008 $519,900 --244 2 2 1 3,082 2008 $519,900 --183 2 2 1 3,082 2007 $524,000 --105 3 3 1 2,512 2017 $569,000 --8 3 2 1 2,703 2017 $599,000 --162 3 3 0 2,765 2017 $609,000 --151 3 3 1 2,802 2018 $635,170 --3 4 3 1 3,285 2014 $638,800 --26 3 2 1 2,630 2015 $649,900 --6 4 4 0 3,106 2008 $725,000 --40 3 3 1 2,802 2018 $793,645 --2 3 3 0 3,200 2014 $829,000 --8 4 4 1 4,048 2012 $884,500 --4
STATUS Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
ADDRESS
VIEW
21 Fording Court 9 Fording Court 48 Fording Court 38 Foxpath Lane 9 Sweet Marsh Ct 4 Fording Court 22 Little Pine Court 16 Little Pine Court 14 Green Trail Court 29 Little Pine Court 47 Foxpath Lane 35 Sweet Marsh Court 323 Lake Bluff Drive 21 Driftwood Court W 218 Castaway Drive W 15 Mooring Line Court #1460 49 Palmetto Cove Court 470 Hampton Lake Drive 5 Lakewood Court 51 Palmetto Cove Court 19 Hampton Lake Crossing 309 Hampton Lake Dr 33 Waterview Court 6 Harborage Court 21 Hampton Lake Crossing 5 Waterview Court 154 Hampton Lake Dr 50 Waterview Court 136 Flatwater Drive 5 Grassy Cove Ct 26 Balsam Bay Court 483 Hampton Lake Drive 152 Hampton Lake Drive 144 Flatwater Drive
Landscape, Wooded Landscape, Wooded Wooded Landscape Landscape, Wooded Wooded Wooded Wooded Wooded Landscape, Wooded Lake Wooded Lake Landscape Lake Lake Wooded Lake Wooded Wooded Lake Wooded Lake Lake Lake Lake Lake Lake Lake Lake Landscape, Wooded Wooded Lake, Pool Lake
TOTAL APPROX. SQ. YEAR DAYS ON FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS FOOTAGE BUILT MARKET 2 2 0 1,924 2016 $359,000 $345,000 406 3 3 0 2,331 2016 $359,000 $350,000 346 3 3 0 2,135 2017 $363,550 $391,686 2 3 2 0 2,002 2017 $403,990 $399,000 149 3 3 0 2,615 2009 $419,000 $395,000 39 4 3 0 2,968 2007 $440,000 $411,000 179 3 3 0 2,430 2016 $464,990 $445,000 260 3 3 0 2,430 2017 $469,490 $460,000 183 3 3 0 2,670 2015 $479,990 $470,000 83 2 2 1 2,123 2014 $510,000 $510,000 9 3 3 1 3,234 2017 $510,214 $506,243 2 3 2 2 3,774 2008 $524,900 $515,000 325 3 3 1 3,239 2017 $528,425 $528,425 2 3 2 0 2,642 2017 $535,900 $529,500 32 3 2 1 2,550 2017 $537,630 $537,630 39 2 2 1 3,082 2008 $549,000 $505,000 17 3 3 0 2,721 2017 $569,000 $535,000 160 4 3 0 2,740 2013 $599,000 $550,000 219 3 3 1 2,585 2017 $599,650 $589,360 103 3 4 0 3,175 2017 $622,000 $609,500 122 3 3 0 2,765 2017 $649,000 $640,000 293 3 3 0 2,974 2015 $649,900 $635,000 125 3 3 0 2,610 2015 $664,500 $652,000 95 4 3 1 3,200 2013 $675,000 $680,000 250 3 3 1 2,888 2017 $679,000 $655,000 284 3 3 0 2,614 2010 $679,990 $670,000 182 3 2 2 2,759 2013 $685,000 $670,000 14 4 3 0 2,853 2017 $685,700 $678,000 119 3 2 1 2,703 2016 $749,000 $745,000 361 3 3 1 2,968 2013 $784,900 $784,900 13 4 4 0 3,881 2016 $829,990 $800,000 57 4 4 0 3,800 2015 $830,000 $830,000 3 4 3 0 3,267 2007 $875,000 $850,000 422 3 4 1 3,741 2016 $994,900 $925,000 437
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between September 1, 2017 and March 31, 2018
Home Equity Growing Across America
KEY TRENDS
Source: Keeping Current Matters, March 2018
Actual Year Over Year % Change in Price by State KEY TAKEAWAYS
Rising Mortgage Rates Do Not Lead to Falling Home Prices
WA 12.0%
Source: Keeping Current Matters, March 2018
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
Many people believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. Freddie Mac published an Insight Report titled Nowhere to Go but Up? How Increasing Mortgage Rates Could Affect Housing and from that report they said:“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home...Because of this link, the financing costs of the existing mortgage are part of the homeowners decision of whether and when to move. Once +13% +13% financing costs for a new mortgage rise above the rate borrowers are paying for their current +11% mortgage, borrowers would have to give up below-market financing to sell their home. Instead, they may choose to delay both the sale of their existing home and the purchase of a new home to +7% maintain the advantageous financing.”
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3%
OK 1.7%
NM 3.5%
MI 7.1%
IL 3.5%
5.3%
KY 5.6% 6.6%
TX 5.7%
PRICES* RATES
The graph on the right, based on data from the Insight Report, reveals what happened to home prices the last six times mortgage rates rose by at least 1%.
+3% 10/1993 to 12/1994
AL 4.4%
+2.38%
UNITED STATES 6.6%
+1.20%
+1.81%
06/2003 to 06/2004 +1.06%
06/2006 to 07/2006 +1.18%
+1.11%
*SEASONALLY ADJUSTED RATE BETWEEN START AND END DATES
< 0.0% 0.0% to 1.9%
4.0% to 5.9% HI 3.9%
1. You can see that the real estate market is very strong across the whole country.
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 5.8%
2.0% to 3.9%
11/2012 to 12/2013
The map on the left is very insightful for a number of reasons:
2. You can also see that the equity in your house might be more than you think.
FL 5.8%
+2% 10/1995 to 05/2005
DC (2.5%)
NC 5.5%
LA 5.1%
1.6%
01/1996 to 11/1996
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%)
SC 5.3%
AK
They went on to reveal that the Freddie Mac National House Price Index is “unresponsive to movements in interest rates. In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
WV 5.0%
TN
AR 3.5% MS 3.8%
NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8% OH 6.2%
IN
MO 5.6%
KS 3.9%
NY 5.3%
ME 8.1%
> 6.0%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
Hampton Lake Home and Villa 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 Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending
35 Heartwood Court #1215 9 Heartwood Court #1202 506 Hampton Lake Drive 27 Sweet Marsh Court 206 Castaway Drive W 36 Green Trail Court 402 Lake Bluff Drive 214 Castaway Drive W 210 Castaway Drive W 25 Green Trail Court 121 Flatwater Drive 226 Castaway Drive W 235 Hampton Lake Drive 295 Hampton Lake Drive 18 Balsam Bay Court 163 Hampton Lake Crossing #1411 115 Hampton Lake Crossing 119 Hampton Lake Crossing 17 Mooring Line Court #1461 11 Driftwood Court W 21 Waterview Court 174 Hampton Lake Crossing #1469 8 Harborage Court 35 Mooring Line Court 440 Hampton Lake Drive 31 Mooring Line Court 519 Lake Bluff Drive 248 Hampton Lake Drive 69 Hampton Lake Drive 34 Sweet Marsh Ct 515 Lake Bluff Drive 503 Hampton Lake Drive 242 Castaway Drive W 395 Lake Bluff Drive 181 Hampton Lake Crossing #1402 165 Hampton Lake Crossing #1408 161 Hampton Lake Crossing #1410 172 Hampton Lake Crossing #1468 133 Flatwater Drive 137 Flatwater Drive 461 Hampton Lake Drive 494 Lake Bluff Drive 79 Hampton Lake Drive 225 Hampton Lake Drive 14 Hampton Lake Crossing 57 Anchor Cove Court 14 Harborage Court 43 Anchor Cove Court
Landscape, Wooded Landscape, Wooded Wooded Wooded Lake Landscape, Wooded Wooded Lake Lake Wooded Wooded Lake Wooded Wooded Wooded Lake, Wooded Wooded Lake Lake Landscape Lake Lake Lake Lake Landscape, Wooded Lake Lake Lake Lake Lake Lake Wooded Lake Wooded Lake Lake Lake Lake Wooded Wooded Wooded Landscape Wooded Wooded Lake Lake Lake Lake
KEY TRENDS
TOTAL APPROX. SQ. YEAR DAYS ON FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS FOOTAGE BUILT MARKET 3 3 0 2,056 2007 $298,950 --11 3 3 0 2,269 2007 $329,500 --559 4 2 1 2,120 2017 $393,900 --113 3 3 0 2,586 2010 $399,000 --134 3 2 1 2,271 2017 $498,860 --154 3 3 0 2,744 2016 $524,900 --185 3 3 0 3,267 2016 $530,000 --182 3 2 1 2,588 2017 $539,650 --147 4 3 1 2,710 2017 $540,789 --184 3 3 0 2,436 2016 $549,000 --153 3 3 0 2,439 2018 $551,255 --6 3 2 1 2,771 2018 $565,520 --13 3 3 0 2,951 2018 $589,000 --110 3 3 0 2,951 2017 $599,000 --335 3 2 1 2,721 2018 $610,000 --110 3 3 1 4,191 2008 $624,500 --250 3 4 0 2,817 2017 $625,000 --221 3 3 0 2,818 2018 $625,570 --12 3 3 1 4,191 2008 $634,900 --109 4 4 0 3,620 2016 $648,000 --57 3 3 1 2,602 2013 $649,000 --162 3 3 1 4,191 2007 $649,900 --329 4 4 0 3,109 2008 $650,000 --234 3 3 0 2,817 2018 $682,160 --12 3 3 1 3,033 2011 $689,900 --372 4 4 0 2,879 2017 $699,900 --209 3 3 1 2,890 2017 $846,127 --152 4 4 1 2,992 2007 $869,000 --40 4 3 2 3,550 2007 $885,000 --54 4 3 1 4,028 2008 $895,000 --56 3 4 0 3,259 2018 $895,900 --20 3 3 1 2,417 2017 $398,773 --187 3 2 1 2,588 2017 $444,089 --2 4 3 1 3,234 2017 $479,990 --256 2 2 1 3,082 2007 $498,000 --308 2 2 1 3,082 2008 $519,900 --244 2 2 1 3,082 2008 $519,900 --183 2 2 1 3,082 2007 $524,000 --105 3 3 1 2,512 2017 $569,000 --8 3 2 1 2,703 2017 $599,000 --162 3 3 0 2,765 2017 $609,000 --151 3 3 1 2,802 2018 $635,170 --3 4 3 1 3,285 2014 $638,800 --26 3 2 1 2,630 2015 $649,900 --6 4 4 0 3,106 2008 $725,000 --40 3 3 1 2,802 2018 $793,645 --2 3 3 0 3,200 2014 $829,000 --8 4 4 1 4,048 2012 $884,500 --4
STATUS Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
ADDRESS
VIEW
21 Fording Court 9 Fording Court 48 Fording Court 38 Foxpath Lane 9 Sweet Marsh Ct 4 Fording Court 22 Little Pine Court 16 Little Pine Court 14 Green Trail Court 29 Little Pine Court 47 Foxpath Lane 35 Sweet Marsh Court 323 Lake Bluff Drive 21 Driftwood Court W 218 Castaway Drive W 15 Mooring Line Court #1460 49 Palmetto Cove Court 470 Hampton Lake Drive 5 Lakewood Court 51 Palmetto Cove Court 19 Hampton Lake Crossing 309 Hampton Lake Dr 33 Waterview Court 6 Harborage Court 21 Hampton Lake Crossing 5 Waterview Court 154 Hampton Lake Dr 50 Waterview Court 136 Flatwater Drive 5 Grassy Cove Ct 26 Balsam Bay Court 483 Hampton Lake Drive 152 Hampton Lake Drive 144 Flatwater Drive
Landscape, Wooded Landscape, Wooded Wooded Landscape Landscape, Wooded Wooded Wooded Wooded Wooded Landscape, Wooded Lake Wooded Lake Landscape Lake Lake Wooded Lake Wooded Wooded Lake Wooded Lake Lake Lake Lake Lake Lake Lake Lake Landscape, Wooded Wooded Lake, Pool Lake
TOTAL APPROX. SQ. YEAR DAYS ON FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS FOOTAGE BUILT MARKET 2 2 0 1,924 2016 $359,000 $345,000 406 3 3 0 2,331 2016 $359,000 $350,000 346 3 3 0 2,135 2017 $363,550 $391,686 2 3 2 0 2,002 2017 $403,990 $399,000 149 3 3 0 2,615 2009 $419,000 $395,000 39 4 3 0 2,968 2007 $440,000 $411,000 179 3 3 0 2,430 2016 $464,990 $445,000 260 3 3 0 2,430 2017 $469,490 $460,000 183 3 3 0 2,670 2015 $479,990 $470,000 83 2 2 1 2,123 2014 $510,000 $510,000 9 3 3 1 3,234 2017 $510,214 $506,243 2 3 2 2 3,774 2008 $524,900 $515,000 325 3 3 1 3,239 2017 $528,425 $528,425 2 3 2 0 2,642 2017 $535,900 $529,500 32 3 2 1 2,550 2017 $537,630 $537,630 39 2 2 1 3,082 2008 $549,000 $505,000 17 3 3 0 2,721 2017 $569,000 $535,000 160 4 3 0 2,740 2013 $599,000 $550,000 219 3 3 1 2,585 2017 $599,650 $589,360 103 3 4 0 3,175 2017 $622,000 $609,500 122 3 3 0 2,765 2017 $649,000 $640,000 293 3 3 0 2,974 2015 $649,900 $635,000 125 3 3 0 2,610 2015 $664,500 $652,000 95 4 3 1 3,200 2013 $675,000 $680,000 250 3 3 1 2,888 2017 $679,000 $655,000 284 3 3 0 2,614 2010 $679,990 $670,000 182 3 2 2 2,759 2013 $685,000 $670,000 14 4 3 0 2,853 2017 $685,700 $678,000 119 3 2 1 2,703 2016 $749,000 $745,000 361 3 3 1 2,968 2013 $784,900 $784,900 13 4 4 0 3,881 2016 $829,990 $800,000 57 4 4 0 3,800 2015 $830,000 $830,000 3 4 3 0 3,267 2007 $875,000 $850,000 422 3 4 1 3,741 2016 $994,900 $925,000 437
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between September 1, 2017 and March 31, 2018
Home Equity Growing Across America
KEY TRENDS
Source: Keeping Current Matters, March 2018
Actual Year Over Year % Change in Price by State KEY TAKEAWAYS
Rising Mortgage Rates Do Not Lead to Falling Home Prices
WA 12.0%
Source: Keeping Current Matters, March 2018
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
Many people believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. Freddie Mac published an Insight Report titled Nowhere to Go but Up? How Increasing Mortgage Rates Could Affect Housing and from that report they said:“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home...Because of this link, the financing costs of the existing mortgage are part of the homeowners decision of whether and when to move. Once +13% +13% financing costs for a new mortgage rise above the rate borrowers are paying for their current +11% mortgage, borrowers would have to give up below-market financing to sell their home. Instead, they may choose to delay both the sale of their existing home and the purchase of a new home to +7% maintain the advantageous financing.”
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3%
OK 1.7%
NM 3.5%
MI 7.1%
IL 3.5%
5.3%
KY 5.6% 6.6%
TX 5.7%
PRICES* RATES
The graph on the right, based on data from the Insight Report, reveals what happened to home prices the last six times mortgage rates rose by at least 1%.
+3% 10/1993 to 12/1994
AL 4.4%
+2.38%
UNITED STATES 6.6%
+1.20%
+1.81%
06/2003 to 06/2004 +1.06%
06/2006 to 07/2006 +1.18%
+1.11%
*SEASONALLY ADJUSTED RATE BETWEEN START AND END DATES
< 0.0% 0.0% to 1.9%
4.0% to 5.9% HI 3.9%
1. You can see that the real estate market is very strong across the whole country.
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 5.8%
2.0% to 3.9%
11/2012 to 12/2013
The map on the left is very insightful for a number of reasons:
2. You can also see that the equity in your house might be more than you think.
FL 5.8%
+2% 10/1995 to 05/2005
DC (2.5%)
NC 5.5%
LA 5.1%
1.6%
01/1996 to 11/1996
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%)
SC 5.3%
AK
They went on to reveal that the Freddie Mac National House Price Index is “unresponsive to movements in interest rates. In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
WV 5.0%
TN
AR 3.5% MS 3.8%
NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8% OH 6.2%
IN
MO 5.6%
KS 3.9%
NY 5.3%
ME 8.1%
> 6.0%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
THE STATE
Our Portfolio of Fine Properties in Hampton Lake C O S M O IN O G N
Situated at the end of cul-de-sac, this home has beautiful views of the lake and its own dock, perfect for kayaks and pontoons! The Lowcountry architecture is welcoming and classic in design featuring a front porch, dormers, and hardiplank siding. The interior floor plan is functional in design boasting an open concept living space with a dining room, living room, and keeping room off the kitchen area. The living room features a fireplace and sliding doors to the screened porch overlooking the lake. The chef’s kitchen focal point is a large center island perfect for entertaining and cooking. Wood floors throughout the main living areas are perfect for South Carolina living. The split bedroom design is great for privacy. The luxurious master suite is located behind the living area with two guest bedrooms and a shared bath on the other end of the house. Upstairs an oversized bonus room + bath with over 600 square feet will delight those looking for a space to make their own whether it be the quintessential “man cave”, craft room, home gym or teen retreat. 46 Waterview Court, Hampton Lake
O UN N D T E R R A C T
O UN N D T E R R A C T
C
C
4 Bedrooms | 3 Bathrooms | 3,215 Htd. SqFt | $725,000
79 Hampton Lake Drive, Hampton Lake
4 Bedrooms | 3.5 Bathrooms | 3,285 Htd. SqFt | $638,800
14 Hampton Lake Crossing, Hampton Lake
of the Hampton Lake Real Estate Market
April 2018
KEY METRICS
March 2018 in Review
In Hampton Lake, one home sold in the past thirty days, versus two closed transactions the previous month. However, it was a very busy month for pending transactions, with eight homes going under contract with a median list price of $635,150. Seven new properties were listed for sale, only two being resales. The community overall has 27 single family homes for sale, and five coach homes/villas listed. We are not counting new construction by KHOV as previously stated due to inaccurate data in the MLS. We are pleased to announce both of our listings at 14 Hampton Lake Crossing and 79 Hampton Lake Drive are now UNDER CONTRACT IN THIRTY DAYS! We also brought the buyers for 57 Anchor Cove Court and 43 Anchor Cove Court. If you are thinking about listing, now is the time to call us!
1
$534,950
98%
125
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview
4 Bedrooms | 4 Bathrooms | 3,106 Htd. SqFt | $735,000
ACTIVE LISTINGS IN GREATER BLUFFTON
724 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through March 31 for Each Year
17 Blue Trail Court, Hampton Lake
Lot | 0.25 Acres | Lake View | $145,000
28 Blue Trail Court, Hampton Lake
Lot | 0.22 Acres | Wooded View | $75,800
The Chafer Sutphin Group have 12 lots for sale in Hampton Lake, with lakefront starting at $118,708 and wooded starting at $75,800.
COMMUNITY SPECIALIST
The Chafer Sutphin Group is your Hampton Lake Real Estate Specialist having helped 15 clients buy and sell properties in the community. Contact us for a complimentary home valuation and discover how we 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.
Tisha Chafer, Real Estate Advisor Tanner Sutphin, 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 • 843-384-1645 | 843-384-3006 Email • tisha.chafer@evusa.com tanner.sutphin@evusa.com Website • www.chafersutphingroup.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.
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CHAFER SUTPHIN GROUP
Hilton Head Is., SC
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% 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 April 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.
CHAFER SUTPHIN GROUP