THE STATE
Our international reach finds home buyers.
of the Leamington Villas Real Estate Market
5
June 2017
Continents
33
KEY METRICS
Countries
May 2017 in Review
750+
Shops
Leamington Plantation Villas’ sales in the first five months of 2017 have started out very slowly: seven villas closed, down from 18 in the first five months of 2016. The total dollar volume of villas sold in the first five months was $4,800,000, down from $14,487,000 in the first five months of 2016. Supply and demand: there are currently 51 villas listed for sale with an average of 1.40 villas selling per month over the last five months. That translates into a 36-month supply, considered by industry experts to be a Buyer’s market. As of June 15, 2017, there were seven villas pending/under contract.
9,000+
Advisors
How’s the Hilton Head Island - Bluffton Real Estate Market?
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.
Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search.
The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first five months of any year in the history of our area according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first five months’ record of 1,059 homes sold. In the first five months of 2017 though, 1,282 homes were sold. In other positive news, home values in just the first five months of 2017 were up 3.4% over 2016 prices, but still 24.7% below the peak set in 2005. If the record-setting pace of sales continues, we could see an annual appreciation rate in the neighborhood of 7%, meaning that a $500,000 home a year from now could sell for $535,000. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Palmetto Dunes, Attached
Historical Median Sales Price Rolling 12-Month Calculation
Source: National Association of Realtors
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Leamington 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. 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. Please contact us to schedule a brief introductory meeting and complimentary home valuation.
Inventory of Homes For Sale
Number of Closed Home Sales
Total Value of Homes Closed
COMMUNITY Whether buying or selling a home, around the world or across the street, the Clarke Team is here to SPECIALIST help. We’ve successfully helped buyers and sellers in the Hilton Head-Bluffton area for over 10 years.
100
20
$15,000,000
For an instant home evaluation please go to www.hiltonheadhousevalues.com or contact us at 843290-5828.
80
16
$12,000,000
60
12
$9,000,000
40
8
$6,000,000
20
4
$3,000,000
Larry and Karen Clarke, Clarke Team Real Estate Advisors
Engel & Völkers Hilton Head Island - Bluffton Telephone • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.evusa.com ©2017 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
63
0
On 05/31/16
51
On 05/31/17
18
0
1st Five Months of 2016
7
1st Five Months of 2017
0
$14,487,000
$4,800,000
1st Five Months of 2016
1st Five Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through June 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.
VILLA COMPLEX
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 Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold
Townhomes at Southshore Somerset Villas Somerset Villas Somerset Villas Windsor Place II Villas Hampton Place Villas Windsor Place II Villas Windsor Place I Villas Somerset Villas Hampton Place Villas Hampton Place Villas Windsor Place I Villas Barrington Arms Villas Barrington Arms Villas Hampton Place Villas Abbington Villas Windsor Ct S Villas Hampton Place Villas Wendover Dunes Villa Hampton Place Villas Abbington Villas Hampton Place Villas Windsor Place I Villas Abbington Villas Barrington Court Villas Windsor Place II Villas Windsor Place I Villas Barrington Arms Villas Windsor Place I Villas Wendover Dunes Villa Wendover Dunes Villa Windsor Place II Villas Windsor Place II Villas Barrington Arms Villas Windsor Place II Villas Hampton Place Villas Hampton Place Villas Windsor Place I Villas Barrington Court Villas Barrington Park Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Barrington Park Villas Barrington Park Villas Hampton Place Villas Windsor Ct S Villas Windsor Place I Villas Wendover Dunes Villa Wendover Dunes Villa Wendover Dunes Villa Hampton Place Villas Barrington Court Villas Windsor Place I Villas Hampton Place Villas Windsor Place II Villas Hampton Place Villas Villamare Villas Barrington Court Villas
122 S Shore Drive Unit#122 164 S Shore Drive Unit#501 164 S Shore Drive Unit#406 164 S Shore Drive Unit#201 63 Ocean Lane Unit#2220 41 Ocean Lane Unit#6108 63 Ocean Lane Unit#2219 65 Ocean Lane Unit#309 164 S Shore Drive Unit#105 47 Ocean Lane Unit#5108 41 Ocean Lane Unit#6401 65 Ocean Lane Unit#103 75 Ocean Lane Unit#305 75 Ocean Lane Unit#105 47 Ocean Lane Unit#5405 50 Ocean Lane Unit#110 57 Ocean Lane Unit#3506 47 Ocean Lane Unit#5206 89 Ocean Lane Unit#8123 41 Ocean Lane Unit#6103 50 Ocean Lane Unit#106 47 Ocean Lane Unit#5203 65 Ocean Lane Unit#406 50 Ocean Lane Unit#105 77 Ocean Lane Unit#411 63 Ocean Lane Unit#2112 65 Ocean Lane Unit#107 75 Ocean Lane Unit#101 65 Ocean Lane Unit#106 89 Ocean Lane Unit#8140 89 Ocean Lane Unit#8128 63 Ocean Lane Unit#2414 63 Ocean Lane Unit#2314 75 Ocean Lane Unit#406 63 Ocean Lane Unit#2114 47 Ocean Lane Unit#5201 47 Ocean Lane Unit#5104 65 Ocean Lane Unit#205 77 Ocean Lane Unit#117 7577 Ocean Lane Unit#607 65 Ocean Lane Unit#111 65 Ocean Lane Unit#504 65 Ocean Lane Unit#105 65 Ocean Lane Unit#102 77 Ocean Lane Unit#713 7577 Ocean Lane Unit#712 41 Ocean Lane Unit#6201 57 Ocean Lane Unit#3501 65 Ocean Lane Unit#207 89 Ocean Lane Unit#8135 87 Ocean Lane Unit#8112 89 Ocean Lane Unit#8136 47 Ocean Lane Unit#5101 77 Ocean Lane Unit#516 65 Ocean Lane Unit#408 41 Ocean Lane Unit#6308 63 Ocean Lane Unit#2515 47 Ocean Lane Unit#5304 1 OCEAN Lane Unit#2518 77 Ocean Lane Unit#517
Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean Landscape, Ocean Ocean Ocean, Pool Ocean Lagoon Ocean Ocean Landscape, Wooded Ocean Lagoon Ocean Ocean Lagoon, Landscape Ocean Ocean, Pool Ocean Ocean Ocean Landscape, Wooded Wooded Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean Ocean Lagoon Ocean, Pool Ocean, Pool Ocean, Pool Ocean Lagoon Lagoon Ocean Ocean Ocean Landscape, Wooded Landscape, Pool Landscape, Wooded Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2017 and May 31, 2017
YEAR APPROX. TOTAL LIST PRICE CLOSE PRICE FULL BATHS HALF BATHS BUILT SQ. FOOTAGE BEDROOMS 6 4 3 3 3 3 3 3 3 3 3 4 3 3 2 3 2 2 3 2 3 2 2 3 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 3 2 2 2 2 2 1 2 3 3 1 1 2 1
6 4 3 3 3 3 3 3 3 3 3 4 3 3 2 3 2 2 3 2 3 2 2 3 2 2 2 2 2 2 2 2 2 1 2 2 2 2 1 2 2 2 2 2 1 1 3 2 2 2 2 2 2 2 3 3 2 2 2 1
0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1
1999 1999 1999 1999 1993 1996 1993 1993 1999 1996 1996 1993 1986 1986 1996 1986 1994 1996 2001 1996 1986 1996 1993 1986 1986 1993 1993 1986 1993 2001 2001 1993 1993 1986 1993 1996 1996 1993 1986 1986 1993 1993 1993 1993 1986 1986 1996 1994 1993 2001 2001 2001 1996 1986 1993 1996 1993 1996 1986 1986
5,029 3,746 2,740 2,740 1,830 1,971 1,830 1,830 2,366 1,971 1,971 2,130 1,792 1,792 1,540 1,193 1,442 1,540 1,957 1,540 1,534 1,540 1,442 1,193 1,171 1,442 1,442 1,171 1,442 1,562 1,562 1,019 1,019 960 1,019 985 985 1,019 862 1,108 1,019 1,019 1,019 1,019 801 801 1,971 1,442 1,442 1,562 1,562 1,562 985 1,171 1,830 1,971 1,019 985 1,232 862
$3,495,000 $2,875,000 $1,995,000 $1,775,000 $1,399,000 $1,395,000 $1,389,999 $1,299,000 $1,295,000 $1,275,000 $1,265,000 $1,140,000 $925,000 $899,000 $839,000 $789,000 $775,000 $759,900 $759,000 $749,500 $749,000 $745,000 $729,000 $679,000 $679,000 $645,000 $639,000 $579,500 $575,000 $563,000 $539,000 $505,000 $499,995 $469,000 $465,000 $459,000 $449,500 $449,000 $445,500 $425,000 $420,000 $419,900 $419,900 $419,900 $349,000 $315,000 $1,125,000 $739,000 $669,900 $599,000 $578,600 $539,000 $459,000 $575,000 $1,395,000 $1,359,000 $549,000 $479,000 $449,000 $369,000
----------------------------------------------------------------------------------------------------------$560,000 $1,300,000 $1,245,000 $495,000 $445,000 $400,000 $355,000
Direct Oceanfront Views Await You! This beautiful 1st-floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen. The kitchen has stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85,000 - $90,000 of rental income a year.
47 Ocean Lane, Suite 5108, Palmetto Dunes (Hampton Place Villas)
Monthly Mortgage Payment on a Median Priced Home in the U.S. (1990-Today)
3 Bathrooms
1,971 Htd. Square Feet
KEY TRENDS
Source: KeepingCurrentMatters.com, June 2017
$1,350
$1,305
$1,300 $1,250
3 Bedrooms
$1,275,000
$1,245
$1,200
$1,184
$1,150 $1,100 $1,050 $1,000 $950
$939
$900 $850 $800
$778
$750 $700 $650 $600
$664
2006
STATUS
N M E A W R T K O E T
Leamington Villa Listings
1990
1995
2000
2005
2010
2015
Today
Joint Center for Housing Studies, Harvard University and The National Association of Realtors
Home affordability is still at record levels. Except for the recession years, the mortgage payment on a median priced home in America is lower today than it has been since 1990. Isn’t it amazing that your monthly mortgage payment on a median priced home is substantially less than it was in 1990! What a great time to purchase a home! Or invest in a second home or rental property! However, prices are rising and interest rates are expected to rise, so time is of the essence for those looking to purchase a home, condo or vacation property.
VILLA COMPLEX
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 Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold
Townhomes at Southshore Somerset Villas Somerset Villas Somerset Villas Windsor Place II Villas Hampton Place Villas Windsor Place II Villas Windsor Place I Villas Somerset Villas Hampton Place Villas Hampton Place Villas Windsor Place I Villas Barrington Arms Villas Barrington Arms Villas Hampton Place Villas Abbington Villas Windsor Ct S Villas Hampton Place Villas Wendover Dunes Villa Hampton Place Villas Abbington Villas Hampton Place Villas Windsor Place I Villas Abbington Villas Barrington Court Villas Windsor Place II Villas Windsor Place I Villas Barrington Arms Villas Windsor Place I Villas Wendover Dunes Villa Wendover Dunes Villa Windsor Place II Villas Windsor Place II Villas Barrington Arms Villas Windsor Place II Villas Hampton Place Villas Hampton Place Villas Windsor Place I Villas Barrington Court Villas Barrington Park Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Barrington Park Villas Barrington Park Villas Hampton Place Villas Windsor Ct S Villas Windsor Place I Villas Wendover Dunes Villa Wendover Dunes Villa Wendover Dunes Villa Hampton Place Villas Barrington Court Villas Windsor Place I Villas Hampton Place Villas Windsor Place II Villas Hampton Place Villas Villamare Villas Barrington Court Villas
122 S Shore Drive Unit#122 164 S Shore Drive Unit#501 164 S Shore Drive Unit#406 164 S Shore Drive Unit#201 63 Ocean Lane Unit#2220 41 Ocean Lane Unit#6108 63 Ocean Lane Unit#2219 65 Ocean Lane Unit#309 164 S Shore Drive Unit#105 47 Ocean Lane Unit#5108 41 Ocean Lane Unit#6401 65 Ocean Lane Unit#103 75 Ocean Lane Unit#305 75 Ocean Lane Unit#105 47 Ocean Lane Unit#5405 50 Ocean Lane Unit#110 57 Ocean Lane Unit#3506 47 Ocean Lane Unit#5206 89 Ocean Lane Unit#8123 41 Ocean Lane Unit#6103 50 Ocean Lane Unit#106 47 Ocean Lane Unit#5203 65 Ocean Lane Unit#406 50 Ocean Lane Unit#105 77 Ocean Lane Unit#411 63 Ocean Lane Unit#2112 65 Ocean Lane Unit#107 75 Ocean Lane Unit#101 65 Ocean Lane Unit#106 89 Ocean Lane Unit#8140 89 Ocean Lane Unit#8128 63 Ocean Lane Unit#2414 63 Ocean Lane Unit#2314 75 Ocean Lane Unit#406 63 Ocean Lane Unit#2114 47 Ocean Lane Unit#5201 47 Ocean Lane Unit#5104 65 Ocean Lane Unit#205 77 Ocean Lane Unit#117 7577 Ocean Lane Unit#607 65 Ocean Lane Unit#111 65 Ocean Lane Unit#504 65 Ocean Lane Unit#105 65 Ocean Lane Unit#102 77 Ocean Lane Unit#713 7577 Ocean Lane Unit#712 41 Ocean Lane Unit#6201 57 Ocean Lane Unit#3501 65 Ocean Lane Unit#207 89 Ocean Lane Unit#8135 87 Ocean Lane Unit#8112 89 Ocean Lane Unit#8136 47 Ocean Lane Unit#5101 77 Ocean Lane Unit#516 65 Ocean Lane Unit#408 41 Ocean Lane Unit#6308 63 Ocean Lane Unit#2515 47 Ocean Lane Unit#5304 1 OCEAN Lane Unit#2518 77 Ocean Lane Unit#517
Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean Landscape, Ocean Ocean Ocean, Pool Ocean Lagoon Ocean Ocean Landscape, Wooded Ocean Lagoon Ocean Ocean Lagoon, Landscape Ocean Ocean, Pool Ocean Ocean Ocean Landscape, Wooded Wooded Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean Ocean Lagoon Ocean, Pool Ocean, Pool Ocean, Pool Ocean Lagoon Lagoon Ocean Ocean Ocean Landscape, Wooded Landscape, Pool Landscape, Wooded Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2017 and May 31, 2017
YEAR APPROX. TOTAL LIST PRICE CLOSE PRICE FULL BATHS HALF BATHS BUILT SQ. FOOTAGE BEDROOMS 6 4 3 3 3 3 3 3 3 3 3 4 3 3 2 3 2 2 3 2 3 2 2 3 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 3 2 2 2 2 2 1 2 3 3 1 1 2 1
6 4 3 3 3 3 3 3 3 3 3 4 3 3 2 3 2 2 3 2 3 2 2 3 2 2 2 2 2 2 2 2 2 1 2 2 2 2 1 2 2 2 2 2 1 1 3 2 2 2 2 2 2 2 3 3 2 2 2 1
0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1
1999 1999 1999 1999 1993 1996 1993 1993 1999 1996 1996 1993 1986 1986 1996 1986 1994 1996 2001 1996 1986 1996 1993 1986 1986 1993 1993 1986 1993 2001 2001 1993 1993 1986 1993 1996 1996 1993 1986 1986 1993 1993 1993 1993 1986 1986 1996 1994 1993 2001 2001 2001 1996 1986 1993 1996 1993 1996 1986 1986
5,029 3,746 2,740 2,740 1,830 1,971 1,830 1,830 2,366 1,971 1,971 2,130 1,792 1,792 1,540 1,193 1,442 1,540 1,957 1,540 1,534 1,540 1,442 1,193 1,171 1,442 1,442 1,171 1,442 1,562 1,562 1,019 1,019 960 1,019 985 985 1,019 862 1,108 1,019 1,019 1,019 1,019 801 801 1,971 1,442 1,442 1,562 1,562 1,562 985 1,171 1,830 1,971 1,019 985 1,232 862
$3,495,000 $2,875,000 $1,995,000 $1,775,000 $1,399,000 $1,395,000 $1,389,999 $1,299,000 $1,295,000 $1,275,000 $1,265,000 $1,140,000 $925,000 $899,000 $839,000 $789,000 $775,000 $759,900 $759,000 $749,500 $749,000 $745,000 $729,000 $679,000 $679,000 $645,000 $639,000 $579,500 $575,000 $563,000 $539,000 $505,000 $499,995 $469,000 $465,000 $459,000 $449,500 $449,000 $445,500 $425,000 $420,000 $419,900 $419,900 $419,900 $349,000 $315,000 $1,125,000 $739,000 $669,900 $599,000 $578,600 $539,000 $459,000 $575,000 $1,395,000 $1,359,000 $549,000 $479,000 $449,000 $369,000
----------------------------------------------------------------------------------------------------------$560,000 $1,300,000 $1,245,000 $495,000 $445,000 $400,000 $355,000
Direct Oceanfront Views Await You! This beautiful 1st-floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen. The kitchen has stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85,000 - $90,000 of rental income a year.
47 Ocean Lane, Suite 5108, Palmetto Dunes (Hampton Place Villas)
Monthly Mortgage Payment on a Median Priced Home in the U.S. (1990-Today)
3 Bathrooms
1,971 Htd. Square Feet
KEY TRENDS
Source: KeepingCurrentMatters.com, June 2017
$1,350
$1,305
$1,300 $1,250
3 Bedrooms
$1,275,000
$1,245
$1,200
$1,184
$1,150 $1,100 $1,050 $1,000 $950
$939
$900 $850 $800
$778
$750 $700 $650 $600
$664
2006
STATUS
N M E A W R T K O E T
Leamington Villa Listings
1990
1995
2000
2005
2010
2015
Today
Joint Center for Housing Studies, Harvard University and The National Association of Realtors
Home affordability is still at record levels. Except for the recession years, the mortgage payment on a median priced home in America is lower today than it has been since 1990. Isn’t it amazing that your monthly mortgage payment on a median priced home is substantially less than it was in 1990! What a great time to purchase a home! Or invest in a second home or rental property! However, prices are rising and interest rates are expected to rise, so time is of the essence for those looking to purchase a home, condo or vacation property.
THE STATE
Our international reach finds home buyers.
of the Leamington Villas Real Estate Market
5
June 2017
Continents
33
KEY METRICS
Countries
May 2017 in Review
750+
Shops
Leamington Plantation Villas’ sales in the first five months of 2017 have started out very slowly: seven villas closed, down from 18 in the first five months of 2016. The total dollar volume of villas sold in the first five months was $4,800,000, down from $14,487,000 in the first five months of 2016. Supply and demand: there are currently 51 villas listed for sale with an average of 1.40 villas selling per month over the last five months. That translates into a 36-month supply, considered by industry experts to be a Buyer’s market. As of June 15, 2017, there were seven villas pending/under contract.
9,000+
Advisors
How’s the Hilton Head Island - Bluffton Real Estate Market?
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.
Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search.
The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first five months of any year in the history of our area according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first five months’ record of 1,059 homes sold. In the first five months of 2017 though, 1,282 homes were sold. In other positive news, home values in just the first five months of 2017 were up 3.4% over 2016 prices, but still 24.7% below the peak set in 2005. If the record-setting pace of sales continues, we could see an annual appreciation rate in the neighborhood of 7%, meaning that a $500,000 home a year from now could sell for $535,000. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Palmetto Dunes, Attached
Historical Median Sales Price Rolling 12-Month Calculation
Source: National Association of Realtors
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Leamington 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. 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. Please contact us to schedule a brief introductory meeting and complimentary home valuation.
Inventory of Homes For Sale
Number of Closed Home Sales
Total Value of Homes Closed
COMMUNITY Whether buying or selling a home, around the world or across the street, the Clarke Team is here to SPECIALIST help. We’ve successfully helped buyers and sellers in the Hilton Head-Bluffton area for over 10 years.
100
20
$15,000,000
For an instant home evaluation please go to www.hiltonheadhousevalues.com or contact us at 843290-5828.
80
16
$12,000,000
60
12
$9,000,000
40
8
$6,000,000
20
4
$3,000,000
Larry and Karen Clarke, Clarke Team Real Estate Advisors
Engel & Völkers Hilton Head Island - Bluffton Telephone • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.evusa.com ©2017 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
63
0
On 05/31/16
51
On 05/31/17
18
0
1st Five Months of 2016
7
1st Five Months of 2017
0
$14,487,000
$4,800,000
1st Five Months of 2016
1st Five Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through June 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.