THE STATE
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes
of the Leamington Villas Real Estate Market
January 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $965,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
2017 Year-End in Review
In Leamington Plantation Villas, 32 villas closed in 2017, very close to the 35 that closed in 2016. January through December’s total dollar volume was $19.910M, less than the total volume of $25.087M in 2016. Supply and demand: as of January 3rd, 2018, there are 38 Leamington Plantation Villas listed for sale with an average of 3.5 villas selling per month over the last six months. That translates into a 10.86-month supply, considered by industry experts to be a buyer’s market. There are four villas under contract in Leamington Villas. In the lot realm, three lots closed in 2017, compared to one lot in the previous year. There are currently no lots under contract at this present time.
32
$567,500
94.86%
271
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 st Direct Oceanfront Views Await You! This beautiful 1 -floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with 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 $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your Leamington Villas Real Estate Specialist. Are you considering listing your home? Please contact
us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors 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 • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.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
ACTIVE LISTINGS ON HILTON HEAD ISLAND
551 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales Year
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
The Hilton Head Island housing market in 2017 enjoyed 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 Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% 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 Island.
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.
Leamington Villa Listings STATUS 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 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
VILLA COMPLEX Townhomes Southshore Townhomes Southshore Somerset Villas Somerset Villas Windsor Ct S Villas Windsor Place II Villas Windsor Ct S Villas Windsor Place II Villas Windsor Place I Villas Hampton Place Villas Hampton Place Villas Hampton Place Villas South Shore Commons South Shore Commons Somerset Villas Barrington Arms Villas Windsor Place I Villas Barrington Arms Villas Barrington Arms Villas Hampton Place Villas Abbington Villas Wendover Dunes Villa Windsor Place I Villas Hampton Place Villas Barrington Court Villas Barrington Arms Villas Hampton Place Villas Hampton Place Villas Windsor Ct S Villas Wendover Dunes Villa Windsor Place II Villas Windsor Place II Villas Windsor Place II Villas Hampton Place Villas Barrington Arms Villas Barrington Court Villas Barrington Park Villas Barrington Park Villas Barrington Park Villas Hampton Place Villas Windsor Place I Villas Barrington Park Villas Windsor Place I Villas Hampton Place Villas Hampton Place Villas Windsor Place I Villas Hampton Place Villas Windsor Ct S Villas Hampton Place Villas Wendover Dunes Villa Windsor Ct S Villas Hampton Place Villas Abbington Villas Abbington Villas Windsor Place I Villas Windsor Place II Villas Barrington Court Villas Abbington Villas Wendover Dunes Villa Wendover Dunes Villa Barrington Court Villas Windsor Place I Villas Barrington Arms Villas Windsor Place II Villas Wendover Dunes Villa Hampton Place Villas Hampton Place Villas Hampton Place Villas Villamare Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Barrington Court Villas
ADDRESS 122 S Shore Drive Unit#122 156 S Shore Drive Unit#156 164 S Shore Drive Unit#406 164 S Shore Drive Unit#201 57 Ocean Lane Unit#3107 63 Ocean Lane Unit#2220 57 Ocean Lane Unit#3408 63 Ocean Lane Unit#2219 65 Ocean Lane Unit#309 41 Ocean Lane Unit#6108 47 Ocean Lane Unit#5108 41 Ocean Lane Unit#6401 125 S Shore Drive Unit#1201 135 S Shore Drive Unit#2101 164 S Shore Drive Unit#105 75 Ocean Lane Unit#404 65 Ocean Lane Unit#203 75 Ocean Lane Unit#305 75 Ocean Lane Unit#105 47 Ocean Lane Unit#5306 50 Ocean Lane Unit#110 87 Ocean Lane Unit#8116 65 Ocean Lane Unit#406 47 Ocean Lane Unit#5203 77 Ocean Lane Unit#110 75 Ocean Lane Unit#401 47 Ocean Lane Unit#5204 47 Ocean Lane Unit#5501 57 Ocean Lane Unit#3403 89 Ocean Lane Unit#8128 63 Ocean Lane Unit#2314 63 Ocean Lane Unit#2414 63 Ocean Lane Unit#2114 47 Ocean Lane Unit#5104 75 Ocean Lane Unit#406 77 Ocean Lane Unit#217 77 Ocean Lane Unit#713 7577 Ocean Lane Unit#705 7577 Ocean Lane Unit#712 41 Ocean Lane Unit#6103 65 Ocean Lane Unit#102 7577 Ocean Lane Unit#607 65 Ocean Lane Unit#408 41 Ocean Lane Unit#6308 41 Ocean Lane Unit#6201 65 Ocean Lane Unit#103 47 Ocean Lane Unit#5405 57 Ocean Lane Unit#3305 47 Ocean Lane Unit#5206 89 Ocean Lane Unit#8123 57 Ocean Lane Unit#3501 47 Ocean Lane Unit#5503 50 Ocean Lane Unit#122 50 Ocean Lane Unit#106 65 Ocean Lane Unit#207 63 Ocean Lane Unit#2112 77 Ocean Lane Unit#212 50 Ocean Lane Unit#105 89 Ocean Lane Unit#8135 87 Ocean Lane Unit#8112 77 Ocean Lane Unit#516 65 Ocean Lane Unit#106 75 Ocean Lane Unit#101 63 Ocean Lane Unit#2515 89 Ocean Lane Unit#8136 47 Ocean Lane Unit#5304 47 Ocean Lane Unit#5201 47 Ocean Lane Unit#5101 1 Ocean Lane Unit#2518 65 Ocean Lane Unit#302 65 Ocean Lane Unit#205 65 Ocean Lane Unit#111 65 Ocean Lane Unit#105 65 Ocean Lane Unit#504 77 Ocean Lane Unit#517
VIEW Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Pool Pool Ocean Ocean, Pool Ocean Ocean Ocean, Pool Ocean Lagoon Landscape Ocean Ocean Ocean, Pool Ocean, Pool Ocean Ocean Ocean Wooded Ocean, Pool Ocean Ocean Ocean Ocean Ocean Lagoon Lagoon Lagoon Ocean Ocean Lagoon Ocean Ocean, Pool Ocean Ocean Ocean Ocean, Pool Ocean Wooded Ocean Ocean Lagoon Lagoon Ocean Ocean, Pool Ocean Lagoon Wooded Pool Ocean Ocean, Pool Ocean Ocean Wooded Ocean Ocean Ocean Ocean Ocean, Pool Ocean Ocean, Pool Ocean, Pool Ocean, Pool Ocean
TOTAL FULL HALF YEAR APPROX. BEDROOMS BATHS BATHS BUILT SQ. FOOTAGE 6 6 0 1999 5,029 5 5 0 1999 4,232 3 3 1 1999 2,740 3 3 1 1999 2,740 3 3 0 1994 1,935 3 3 0 1993 1,830 3 3 0 1994 1,880 3 3 0 1993 1,830 3 3 0 1993 1,830 3 3 0 1996 1,971 3 3 0 1996 1,971 3 3 0 1996 1,971 3 3 0 2006 2,481 3 3 0 2006 2,481 3 3 1 1999 2,366 3 3 0 1986 1,792 4 4 0 1993 2,130 3 3 0 1986 1,792 3 3 0 1986 1,792 2 2 0 1996 1,540 3 3 0 1986 1,534 3 3 0 2001 1,957 2 2 0 1993 1,442 2 2 0 1996 1,540 2 2 0 1986 1,171 2 2 0 1986 1,171 1 2 0 1996 985 1 2 0 1996 985 1 2 0 1994 1,037 2 2 1 2001 1,562 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1996 985 1 1 1 1986 960 1 1 1 1986 862 1 1 1 1986 801 1 1 1 1986 801 1 1 1 1986 801 2 2 0 1996 1,540 1 2 0 1993 1,019 2 2 0 1986 1,108 3 3 0 1993 1,830 3 3 0 1996 1,971 3 3 0 1996 1,971 4 4 0 1993 2,130 2 2 0 1996 1,540 2 2 0 1994 1,442 2 2 0 1996 1,540 3 3 0 2001 1,957 2 2 0 1994 1,442 2 2 0 1996 1,540 3 3 0 1986 1,534 3 3 0 1986 1,534 2 2 0 1993 1,442 2 2 0 1993 1,442 2 2 0 1986 1,171 3 3 0 1986 1,534 2 2 1 2001 1,562 2 2 1 2001 1,562 2 2 0 1986 1,171 2 2 0 1993 1,442 2 2 0 1986 1,171 1 2 0 1993 1,019 2 2 1 2001 1,562 1 2 0 1996 985 1 2 0 1996 985 1 2 0 1996 985 2 2 0 1986 1,232 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 1 1 1986 862
Home Prices Up 6.54% Across the Country
LIST PRICE CLOSE PRICE $3,495,000 $2,695,000 $1,995,000 $1,775,000 $1,445,000 $1,399,000 $1,395,000 $1,389,999 $1,299,000 $1,295,000 $1,275,000 $1,199,000 $1,195,000 $1,185,000 $1,169,500 $1,070,000 $1,045,000 $925,000 $899,000 $799,000 $749,000 $739,000 $729,999 $695,000 $649,000 $595,000 $549,000 $535,000 $529,000 $519,000 $489,000 $469,000 $459,000 $449,500 $449,000 $379,900 $349,000 $344,000 $315,000 $749,500 $419,900 $349,500 $1,395,000 $1,359,000 $1,125,000 $1,090,000 $799,000 $760,000 $759,900 $759,000 $739,000 $709,000 $699,900 $699,000 $669,900 $645,000 $640,000 $599,000 $599,000 $578,600 $575,000 $565,000 $559,500 $549,000 $539,000 $479,000 $459,000 $459,000 $449,000 $449,000 $429,000 $420,000 $419,900 $389,000 $369,000
------------------------------------------------------------------------------------$1,300,000 $1,245,000 $1,035,000 $1,037,500 $749,000 $722,000 $700,000 $727,500 $725,000 $709,000 $660,000 $660,000 $634,500 $622,500 $620,000 $575,000 $575,000 $558,600 $560,000 $535,000 $535,000 $495,000 $525,500 $445,000 $442,000 $437,500 $400,000 $410,000 $410,000 $385,000 $380,000 $360,000 $355,000
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
0.0% to 2.9%
6.15%
3.0% to 7.9% > 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.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
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 3.1%
0.0% to 2.9%
Definitions for Listings
3.0% to 7.9% HI 10.0%
“
Waiting to move may end up costing you more!
”
LA 4.4%
< 0.0%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2017 and December 31, 2017
KEY TRENDS
> 8.0%
Leamington Villa Listings STATUS 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 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
VILLA COMPLEX Townhomes Southshore Townhomes Southshore Somerset Villas Somerset Villas Windsor Ct S Villas Windsor Place II Villas Windsor Ct S Villas Windsor Place II Villas Windsor Place I Villas Hampton Place Villas Hampton Place Villas Hampton Place Villas South Shore Commons South Shore Commons Somerset Villas Barrington Arms Villas Windsor Place I Villas Barrington Arms Villas Barrington Arms Villas Hampton Place Villas Abbington Villas Wendover Dunes Villa Windsor Place I Villas Hampton Place Villas Barrington Court Villas Barrington Arms Villas Hampton Place Villas Hampton Place Villas Windsor Ct S Villas Wendover Dunes Villa Windsor Place II Villas Windsor Place II Villas Windsor Place II Villas Hampton Place Villas Barrington Arms Villas Barrington Court Villas Barrington Park Villas Barrington Park Villas Barrington Park Villas Hampton Place Villas Windsor Place I Villas Barrington Park Villas Windsor Place I Villas Hampton Place Villas Hampton Place Villas Windsor Place I Villas Hampton Place Villas Windsor Ct S Villas Hampton Place Villas Wendover Dunes Villa Windsor Ct S Villas Hampton Place Villas Abbington Villas Abbington Villas Windsor Place I Villas Windsor Place II Villas Barrington Court Villas Abbington Villas Wendover Dunes Villa Wendover Dunes Villa Barrington Court Villas Windsor Place I Villas Barrington Arms Villas Windsor Place II Villas Wendover Dunes Villa Hampton Place Villas Hampton Place Villas Hampton Place Villas Villamare Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Windsor Place I Villas Barrington Court Villas
ADDRESS 122 S Shore Drive Unit#122 156 S Shore Drive Unit#156 164 S Shore Drive Unit#406 164 S Shore Drive Unit#201 57 Ocean Lane Unit#3107 63 Ocean Lane Unit#2220 57 Ocean Lane Unit#3408 63 Ocean Lane Unit#2219 65 Ocean Lane Unit#309 41 Ocean Lane Unit#6108 47 Ocean Lane Unit#5108 41 Ocean Lane Unit#6401 125 S Shore Drive Unit#1201 135 S Shore Drive Unit#2101 164 S Shore Drive Unit#105 75 Ocean Lane Unit#404 65 Ocean Lane Unit#203 75 Ocean Lane Unit#305 75 Ocean Lane Unit#105 47 Ocean Lane Unit#5306 50 Ocean Lane Unit#110 87 Ocean Lane Unit#8116 65 Ocean Lane Unit#406 47 Ocean Lane Unit#5203 77 Ocean Lane Unit#110 75 Ocean Lane Unit#401 47 Ocean Lane Unit#5204 47 Ocean Lane Unit#5501 57 Ocean Lane Unit#3403 89 Ocean Lane Unit#8128 63 Ocean Lane Unit#2314 63 Ocean Lane Unit#2414 63 Ocean Lane Unit#2114 47 Ocean Lane Unit#5104 75 Ocean Lane Unit#406 77 Ocean Lane Unit#217 77 Ocean Lane Unit#713 7577 Ocean Lane Unit#705 7577 Ocean Lane Unit#712 41 Ocean Lane Unit#6103 65 Ocean Lane Unit#102 7577 Ocean Lane Unit#607 65 Ocean Lane Unit#408 41 Ocean Lane Unit#6308 41 Ocean Lane Unit#6201 65 Ocean Lane Unit#103 47 Ocean Lane Unit#5405 57 Ocean Lane Unit#3305 47 Ocean Lane Unit#5206 89 Ocean Lane Unit#8123 57 Ocean Lane Unit#3501 47 Ocean Lane Unit#5503 50 Ocean Lane Unit#122 50 Ocean Lane Unit#106 65 Ocean Lane Unit#207 63 Ocean Lane Unit#2112 77 Ocean Lane Unit#212 50 Ocean Lane Unit#105 89 Ocean Lane Unit#8135 87 Ocean Lane Unit#8112 77 Ocean Lane Unit#516 65 Ocean Lane Unit#106 75 Ocean Lane Unit#101 63 Ocean Lane Unit#2515 89 Ocean Lane Unit#8136 47 Ocean Lane Unit#5304 47 Ocean Lane Unit#5201 47 Ocean Lane Unit#5101 1 Ocean Lane Unit#2518 65 Ocean Lane Unit#302 65 Ocean Lane Unit#205 65 Ocean Lane Unit#111 65 Ocean Lane Unit#105 65 Ocean Lane Unit#504 77 Ocean Lane Unit#517
VIEW Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Pool Pool Ocean Ocean, Pool Ocean Ocean Ocean, Pool Ocean Lagoon Landscape Ocean Ocean Ocean, Pool Ocean, Pool Ocean Ocean Ocean Wooded Ocean, Pool Ocean Ocean Ocean Ocean Ocean Lagoon Lagoon Lagoon Ocean Ocean Lagoon Ocean Ocean, Pool Ocean Ocean Ocean Ocean, Pool Ocean Wooded Ocean Ocean Lagoon Lagoon Ocean Ocean, Pool Ocean Lagoon Wooded Pool Ocean Ocean, Pool Ocean Ocean Wooded Ocean Ocean Ocean Ocean Ocean, Pool Ocean Ocean, Pool Ocean, Pool Ocean, Pool Ocean
TOTAL FULL HALF YEAR APPROX. BEDROOMS BATHS BATHS BUILT SQ. FOOTAGE 6 6 0 1999 5,029 5 5 0 1999 4,232 3 3 1 1999 2,740 3 3 1 1999 2,740 3 3 0 1994 1,935 3 3 0 1993 1,830 3 3 0 1994 1,880 3 3 0 1993 1,830 3 3 0 1993 1,830 3 3 0 1996 1,971 3 3 0 1996 1,971 3 3 0 1996 1,971 3 3 0 2006 2,481 3 3 0 2006 2,481 3 3 1 1999 2,366 3 3 0 1986 1,792 4 4 0 1993 2,130 3 3 0 1986 1,792 3 3 0 1986 1,792 2 2 0 1996 1,540 3 3 0 1986 1,534 3 3 0 2001 1,957 2 2 0 1993 1,442 2 2 0 1996 1,540 2 2 0 1986 1,171 2 2 0 1986 1,171 1 2 0 1996 985 1 2 0 1996 985 1 2 0 1994 1,037 2 2 1 2001 1,562 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1996 985 1 1 1 1986 960 1 1 1 1986 862 1 1 1 1986 801 1 1 1 1986 801 1 1 1 1986 801 2 2 0 1996 1,540 1 2 0 1993 1,019 2 2 0 1986 1,108 3 3 0 1993 1,830 3 3 0 1996 1,971 3 3 0 1996 1,971 4 4 0 1993 2,130 2 2 0 1996 1,540 2 2 0 1994 1,442 2 2 0 1996 1,540 3 3 0 2001 1,957 2 2 0 1994 1,442 2 2 0 1996 1,540 3 3 0 1986 1,534 3 3 0 1986 1,534 2 2 0 1993 1,442 2 2 0 1993 1,442 2 2 0 1986 1,171 3 3 0 1986 1,534 2 2 1 2001 1,562 2 2 1 2001 1,562 2 2 0 1986 1,171 2 2 0 1993 1,442 2 2 0 1986 1,171 1 2 0 1993 1,019 2 2 1 2001 1,562 1 2 0 1996 985 1 2 0 1996 985 1 2 0 1996 985 2 2 0 1986 1,232 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 2 0 1993 1,019 1 1 1 1986 862
Home Prices Up 6.54% Across the Country
LIST PRICE CLOSE PRICE $3,495,000 $2,695,000 $1,995,000 $1,775,000 $1,445,000 $1,399,000 $1,395,000 $1,389,999 $1,299,000 $1,295,000 $1,275,000 $1,199,000 $1,195,000 $1,185,000 $1,169,500 $1,070,000 $1,045,000 $925,000 $899,000 $799,000 $749,000 $739,000 $729,999 $695,000 $649,000 $595,000 $549,000 $535,000 $529,000 $519,000 $489,000 $469,000 $459,000 $449,500 $449,000 $379,900 $349,000 $344,000 $315,000 $749,500 $419,900 $349,500 $1,395,000 $1,359,000 $1,125,000 $1,090,000 $799,000 $760,000 $759,900 $759,000 $739,000 $709,000 $699,900 $699,000 $669,900 $645,000 $640,000 $599,000 $599,000 $578,600 $575,000 $565,000 $559,500 $549,000 $539,000 $479,000 $459,000 $459,000 $449,000 $449,000 $429,000 $420,000 $419,900 $389,000 $369,000
------------------------------------------------------------------------------------$1,300,000 $1,245,000 $1,035,000 $1,037,500 $749,000 $722,000 $700,000 $727,500 $725,000 $709,000 $660,000 $660,000 $634,500 $622,500 $620,000 $575,000 $575,000 $558,600 $560,000 $535,000 $535,000 $495,000 $525,500 $445,000 $442,000 $437,500 $400,000 $410,000 $410,000 $385,000 $380,000 $360,000 $355,000
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
0.0% to 2.9%
6.15%
3.0% to 7.9% > 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.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
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 3.1%
0.0% to 2.9%
Definitions for Listings
3.0% to 7.9% HI 10.0%
“
Waiting to move may end up costing you more!
”
LA 4.4%
< 0.0%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2017 and December 31, 2017
KEY TRENDS
> 8.0%
THE STATE
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes
of the Leamington Villas Real Estate Market
January 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $965,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
2017 Year-End in Review
In Leamington Plantation Villas, 32 villas closed in 2017, very close to the 35 that closed in 2016. January through December’s total dollar volume was $19.910M, less than the total volume of $25.087M in 2016. Supply and demand: as of January 3rd, 2018, there are 38 Leamington Plantation Villas listed for sale with an average of 3.5 villas selling per month over the last six months. That translates into a 10.86-month supply, considered by industry experts to be a buyer’s market. There are four villas under contract in Leamington Villas. In the lot realm, three lots closed in 2017, compared to one lot in the previous year. There are currently no lots under contract at this present time.
32
$567,500
94.86%
271
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 st Direct Oceanfront Views Await You! This beautiful 1 -floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with 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 $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your Leamington Villas Real Estate Specialist. Are you considering listing your home? Please contact
us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors 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 • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.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
ACTIVE LISTINGS ON HILTON HEAD ISLAND
551 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales Year
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
The Hilton Head Island housing market in 2017 enjoyed 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 Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% 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 Island.
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.