THE STATE
N T
Our Portfolio of Fine Homes in Leamington R PR O I V C E E M E
of the Leamington Villas Real Estate Market
IM
P
August 2018
KEY METRICS
22 Arthur Hills Court, Leamington
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $850,000
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.
First Seven Months of 2018 in Review
Leamington Villas’ first seven months of 2018 sales are significantly up from last year: 20 villas closed this year, up from the 15 which closed last year. The first seven months total dollar volume of villas sold in 2018 was $18,985,500 up from $9,780,600 in 2017. Supply and demand: as of July 31st, 2018, there are 44 villas listed for sale with an average of 2.86 villas selling per month over the last seven months. That translates into a 15.40-month supply, considered by industry experts to be a buyer’s market. As of July 31, 2018, there were four villas pending/under contract.
20
$737,000
95.57%
259
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Leamington (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 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 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
Hilton Head Is., SC
ACTIVE LISTINGS ON HILTON HEAD ISLAND
604 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through July 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
470
$489,000
2014
472
$488,000
2015
519
$530,000
2016
508
$524,000
2017
539
$530,000
2018
634
$548,000
In 2018 the Hilton Head Island housing market enjoyed its best first seven 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, first seven months home sales in 2018 are up to 634, a rather significant 18% increase from 2017. Additionally, home prices are up 3.4% from 2017 and at their highest price in nine years. The median price of homes selling in the US is at its highest ever. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through August 7, 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.
Leamington Villa Listings
The Number One Reason to Put Your House on the Market Today!
TOTAL FULL HALF YEAR APPROX. BEDROOMS BATHS BATHS BUILT SQ. FOOTAGE Active Abbington Villas 50 Ocean Lane Unit #121 Lagoon 2 2 0 1986 1,120 Active Abbington Villas 50 Ocean Lane Unit #110 Lagoon 3 3 0 1986 1,534 Active Abbington Villas 50 Ocean Lane Unit #108 Lagoon 3 3 0 1986 1,534 Active Barrington Arms Villas 75 Ocean Lane Unit #406 Ocean 1 1 1 1986 960 Active Barrington Arms Villas 75 Ocean Lane Unit #105 Ocean, Pool 3 3 0 1986 1,792 Active Barrington Arms Villas 75 Ocean Lane Unit #305 Ocean 3 3 0 1986 1,792 Active Barrington Arms Villas 75 Ocean Lane Unit #404 Ocean, Pool 3 3 0 1986 1,792 Active Barrington Court Villas 77 Ocean Lane Unit #217 Ocean 1 1 1 1986 862 Active Barrington Court Villas 77 Ocean Lane Unit #117 Ocean 1 1 1 1986 862 Active Barrington Court Villas 77 Ocean Lane Unit #110 Ocean, Pool 2 2 0 1986 1,171 Active Barrington Court Villas 77 Ocean Lane Unit #411 Ocean 2 2 0 1986 1,171 Active Barrington Park Villas 7577 Ocean Lane Unit #712 Lagoon 1 1 1 1986 801 Active Barrington Park Villas 7577 Ocean Lane Unit #705 Lagoon 1 1 1 1986 801 Active Barrington Park Villas 77 Ocean Lane Unit #713 Lagoon 1 1 1 1986 801 Active Barrington Park Villas 7577 Ocean Lane Unit #702 Lagoon 3 3 0 1986 1,498 Active Hampton Place Villas 47 Ocean Lane Unit #5104 Ocean 1 2 0 1996 985 Active Hampton Place Villas 41 Ocean Lane Unit #6102 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 47 Ocean Lane Unit #5302 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 41 Ocean Lane Unit #6306 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 47 Ocean Lane Unit #5402 Ocean 2 2 0 1996 1,392 Active Hampton Place Villas 47 Ocean Lane Unit #5107 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 41 Ocean Lane Unit #6108 Ocean, Pool 3 3 0 1996 1,971 Active Hampton Place Villas 47 Ocean Lane Unit #5108 Ocean 3 3 0 1996 1,971 Active Hampton Place Villas 41 Ocean Lane Unit #6508 Ocean 3 3 0 1996 1,971 Active Somerset Villas 164 S Shore Drive Unit #201 Ocean 3 3 1 1999 2,740 Active South Shore Commons 125 S Shore Drive Unit #1201 Pool 3 3 0 2006 2,481 Active South Shore Commons 135 S Shore Drive Unit #2101 Pool 3 3 0 2006 2,481 Active Townhomes at Southshore 156 S Shore Drive Unit #156 Ocean 5 5 0 1999 4,232 Active Townhomes at Southshore 122 S Shore Drive Unit #122 Ocean 6 6 0 1999 5,029 Active Wendover Dunes Villa 87 Ocean Lane Unit #8116 Landscape 3 3 0 2001 1,957 Active Windsor Ct N Villas 51 Ocean Lane Unit #4305 Ocean, Pool 2 2 0 1995 1,442 Active Windsor Ct S Villas 57 Ocean Lane Unit #3104 Ocean 1 2 0 1994 1,037 Active Windsor Ct S Villas 57 Ocean Lane Unit #3105 Ocean 2 2 0 1994 1,442 Active Windsor Ct S Villas 57 Ocean Lane Unit #3506 Ocean, Pool 2 2 0 1994 1,442 Active Windsor Ct S Villas 57 Ocean Lane Unit #3402 Ocean 2 2 0 1994 1,442 Active Windsor Place I Villas 65 Ocean Lane Unit #503 Ocean 1 2 0 1993 1,019 65 Ocean Lane Unit #107 Ocean, Pool 2 2 0 1993 1,442 Active Windsor Place I Villas Active Windsor Place I Villas 65 Ocean Lane Unit #406 Ocean 2 2 0 1993 1,442 Active Windsor Place I Villas 65 Ocean Lane Unit #203 Landscape, Ocean 4 4 0 1993 2,130 Active Windsor Place I Villas 65 Ocean Lane Unit #409 Ocean 3 3 0 1993 1,830 Active Windsor Place I Villas 65 Ocean Lane Unit #309 Ocean 3 3 0 1993 1,830 Active Windsor Place II Villas 63 Ocean Lane Unit #2414 Ocean 1 2 0 1993 1,019 Active Windsor Place II Villas 63 Ocean Lane Unit #2314 Ocean, Pool 1 2 0 1993 1,019 Active Windsor Place II Villas 63 Ocean Lane Unit #2116 Landscape, Ocean 2 2 0 1993 1,442 Pending Barrington Arms Villas 75 Ocean Lane Unit #401 Ocean, Pool 2 2 0 1986 1,171 Pending Barrington Court Villas 77 Ocean Lane Unit #111 Ocean, Pool 2 2 0 1986 1,171 Pending Hampton Place Villas 41 Ocean Lane Unit #6502 Ocean 2 2 0 1996 1,392 Pending Somerset Villas 164 S Shore Drive Unit #105 Ocean 3 3 1 1999 2,366 Sold Barrington Court Villas 77 Ocean Lane Unit #313 Ocean 3 3 0 1986 1,520 Sold Barrington Park Villas 7577 Ocean Lane Unit #607 Lagoon 2 2 0 1986 1,108 Sold Barrington Park Villas 77 Ocean Lane Unit #603 Lagoon, Landscape 2 2 0 1986 1,108 Sold Barrington Park Villas 7577 Ocean Lane Unit #606 Lagoon, Landscape 2 2 0 1986 1,108 Sold Hampton Place Villas 47 Ocean Lane Unit #5501 Ocean 1 2 0 1996 985 Sold Hampton Place Villas 47 Ocean Lane Unit #5203 Ocean 2 2 0 1996 1,540 Sold Hampton Place Villas 41 Ocean Lane Unit #6103 Ocean 2 2 0 1996 1,540 Sold Hampton Place Villas 47 Ocean Lane Unit #5306 Ocean 2 2 0 1996 1,540 Sold Hampton Place Villas 41 Ocean Lane Unit #6401 Ocean 3 3 0 1996 1,971 Sold Hampton Place Villas 47 Ocean Lane Unit #5209 Ocean 3 3 0 1996 1,966 Sold Somerset Villas 164 S Shore Drive Unit #406 Ocean 3 3 1 1999 2,740 Sold Somerset Villas 164 S Shore Drive Unit #501 Ocean 4 4 1 1999 3,746 Sold Wendover Dunes Villa 89 Ocean Lane Unit #8128 Wooded 2 2 1 2001 1,562 Sold Windsor Ct S Villas 57 Ocean Lane Unit #3403 Ocean 1 2 0 1994 1,037 Sold Windsor Ct S Villas 57 Ocean Lane Unit #3408 Landscape, Ocean 3 3 0 1994 1,880 Sold Windsor Ct S Villas 57 Ocean Lane Unit #3107 Ocean 3 3 0 1994 1,935 Sold Windsor Place I Villas 65 Ocean Lane Unit #102 Ocean 1 2 0 1993 1,019 Sold Windsor Place II Villas 63 Ocean Lane Unit #2114 Ocean 1 2 0 1993 1,019 Sold Windsor Place II Villas 63 Ocean Lane Unit #2219 Ocean 3 3 0 1993 1,830 Sold Windsor Place II Villas 63 Ocean Lane Unit #2220 Ocean 3 3 0 1993 1,830
STATUS
VILLA COMPLEX
ADDRESS
VIEW
LIST PRICE CLOSE PRICE $599,500 $715,000 $775,000 $429,000 $899,000 $925,000 $1,070,000 $399,900 $445,500 $619,000 $689,000 $315,000 $319,900 $337,900 $564,000 $449,500 $749,000 $770,000 $775,000 $785,000 $799,500 $1,255,000 $1,275,000 $1,550,000 $1,775,000 $1,085,000 $1,095,000 $2,595,000 $2,995,000 $729,000 $769,000 $519,000 $729,000 $775,000 $825,000 $515,000 $639,000 $724,900 $999,000 $1,199,000 $1,275,000 $449,000 $469,000 $615,000 $595,000 $589,000 $850,000 $1,169,500 $1,395,000 $349,500 $350,000 $399,500 $535,000 $739,000 $749,500 $799,000 $1,199,000 $1,385,000 $1,899,000 $2,450,000 $517,500 $499,000 $1,395,000 $1,445,000 $419,900 $429,000 $1,389,999 $1,399,000
------------------------------------------------------------------------------------------------$1,395,000 $325,000 $325,000 $380,000 $500,000 $712,500 $724,000 $750,000 $1,155,000 $1,375,000 $1,775,000 $2,412,500 $510,000 $474,000 $1,285,000 $1,360,000 $385,000 $407,500 $1,335,000 $1,400,000
Source: Keeping Current Matters, August 2018
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.
NAR’s Chief Economist Lawrence Yun had this to say, “It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.” The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days. Bottom Line - If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!
KEY TRENDS
Americans Rank Real Estate as the Best Investment for Five Years Running!
Source: Gallup via Keeping Current Matters, August 2018
35%
34%
34% Real Estate
30% 26% STOCKS
25% 20%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 31, 2018
KEY TRENDS
19% 17%
17% GOLD
15%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
10%
34% REAL ESTATE
2011
2012
2013
2014
2015
2016
2017
2018
15% SAVINGS ACCOUNT
Real estate has come a long way since 2011, when 34% of Americans favored gold as the best investment. Of the four listed above real estate is the only investment you can live in. Generations also agree that real estate is the best investment! Millenials - 29% | Generation X - 37% | Baby Boomers - 34%
Leamington Villa Listings
The Number One Reason to Put Your House on the Market Today!
TOTAL FULL HALF YEAR APPROX. BEDROOMS BATHS BATHS BUILT SQ. FOOTAGE Active Abbington Villas 50 Ocean Lane Unit #121 Lagoon 2 2 0 1986 1,120 Active Abbington Villas 50 Ocean Lane Unit #110 Lagoon 3 3 0 1986 1,534 Active Abbington Villas 50 Ocean Lane Unit #108 Lagoon 3 3 0 1986 1,534 Active Barrington Arms Villas 75 Ocean Lane Unit #406 Ocean 1 1 1 1986 960 Active Barrington Arms Villas 75 Ocean Lane Unit #105 Ocean, Pool 3 3 0 1986 1,792 Active Barrington Arms Villas 75 Ocean Lane Unit #305 Ocean 3 3 0 1986 1,792 Active Barrington Arms Villas 75 Ocean Lane Unit #404 Ocean, Pool 3 3 0 1986 1,792 Active Barrington Court Villas 77 Ocean Lane Unit #217 Ocean 1 1 1 1986 862 Active Barrington Court Villas 77 Ocean Lane Unit #117 Ocean 1 1 1 1986 862 Active Barrington Court Villas 77 Ocean Lane Unit #110 Ocean, Pool 2 2 0 1986 1,171 Active Barrington Court Villas 77 Ocean Lane Unit #411 Ocean 2 2 0 1986 1,171 Active Barrington Park Villas 7577 Ocean Lane Unit #712 Lagoon 1 1 1 1986 801 Active Barrington Park Villas 7577 Ocean Lane Unit #705 Lagoon 1 1 1 1986 801 Active Barrington Park Villas 77 Ocean Lane Unit #713 Lagoon 1 1 1 1986 801 Active Barrington Park Villas 7577 Ocean Lane Unit #702 Lagoon 3 3 0 1986 1,498 Active Hampton Place Villas 47 Ocean Lane Unit #5104 Ocean 1 2 0 1996 985 Active Hampton Place Villas 41 Ocean Lane Unit #6102 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 47 Ocean Lane Unit #5302 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 41 Ocean Lane Unit #6306 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 47 Ocean Lane Unit #5402 Ocean 2 2 0 1996 1,392 Active Hampton Place Villas 47 Ocean Lane Unit #5107 Ocean 2 2 0 1996 1,540 Active Hampton Place Villas 41 Ocean Lane Unit #6108 Ocean, Pool 3 3 0 1996 1,971 Active Hampton Place Villas 47 Ocean Lane Unit #5108 Ocean 3 3 0 1996 1,971 Active Hampton Place Villas 41 Ocean Lane Unit #6508 Ocean 3 3 0 1996 1,971 Active Somerset Villas 164 S Shore Drive Unit #201 Ocean 3 3 1 1999 2,740 Active South Shore Commons 125 S Shore Drive Unit #1201 Pool 3 3 0 2006 2,481 Active South Shore Commons 135 S Shore Drive Unit #2101 Pool 3 3 0 2006 2,481 Active Townhomes at Southshore 156 S Shore Drive Unit #156 Ocean 5 5 0 1999 4,232 Active Townhomes at Southshore 122 S Shore Drive Unit #122 Ocean 6 6 0 1999 5,029 Active Wendover Dunes Villa 87 Ocean Lane Unit #8116 Landscape 3 3 0 2001 1,957 Active Windsor Ct N Villas 51 Ocean Lane Unit #4305 Ocean, Pool 2 2 0 1995 1,442 Active Windsor Ct S Villas 57 Ocean Lane Unit #3104 Ocean 1 2 0 1994 1,037 Active Windsor Ct S Villas 57 Ocean Lane Unit #3105 Ocean 2 2 0 1994 1,442 Active Windsor Ct S Villas 57 Ocean Lane Unit #3506 Ocean, Pool 2 2 0 1994 1,442 Active Windsor Ct S Villas 57 Ocean Lane Unit #3402 Ocean 2 2 0 1994 1,442 Active Windsor Place I Villas 65 Ocean Lane Unit #503 Ocean 1 2 0 1993 1,019 65 Ocean Lane Unit #107 Ocean, Pool 2 2 0 1993 1,442 Active Windsor Place I Villas Active Windsor Place I Villas 65 Ocean Lane Unit #406 Ocean 2 2 0 1993 1,442 Active Windsor Place I Villas 65 Ocean Lane Unit #203 Landscape, Ocean 4 4 0 1993 2,130 Active Windsor Place I Villas 65 Ocean Lane Unit #409 Ocean 3 3 0 1993 1,830 Active Windsor Place I Villas 65 Ocean Lane Unit #309 Ocean 3 3 0 1993 1,830 Active Windsor Place II Villas 63 Ocean Lane Unit #2414 Ocean 1 2 0 1993 1,019 Active Windsor Place II Villas 63 Ocean Lane Unit #2314 Ocean, Pool 1 2 0 1993 1,019 Active Windsor Place II Villas 63 Ocean Lane Unit #2116 Landscape, Ocean 2 2 0 1993 1,442 Pending Barrington Arms Villas 75 Ocean Lane Unit #401 Ocean, Pool 2 2 0 1986 1,171 Pending Barrington Court Villas 77 Ocean Lane Unit #111 Ocean, Pool 2 2 0 1986 1,171 Pending Hampton Place Villas 41 Ocean Lane Unit #6502 Ocean 2 2 0 1996 1,392 Pending Somerset Villas 164 S Shore Drive Unit #105 Ocean 3 3 1 1999 2,366 Sold Barrington Court Villas 77 Ocean Lane Unit #313 Ocean 3 3 0 1986 1,520 Sold Barrington Park Villas 7577 Ocean Lane Unit #607 Lagoon 2 2 0 1986 1,108 Sold Barrington Park Villas 77 Ocean Lane Unit #603 Lagoon, Landscape 2 2 0 1986 1,108 Sold Barrington Park Villas 7577 Ocean Lane Unit #606 Lagoon, Landscape 2 2 0 1986 1,108 Sold Hampton Place Villas 47 Ocean Lane Unit #5501 Ocean 1 2 0 1996 985 Sold Hampton Place Villas 47 Ocean Lane Unit #5203 Ocean 2 2 0 1996 1,540 Sold Hampton Place Villas 41 Ocean Lane Unit #6103 Ocean 2 2 0 1996 1,540 Sold Hampton Place Villas 47 Ocean Lane Unit #5306 Ocean 2 2 0 1996 1,540 Sold Hampton Place Villas 41 Ocean Lane Unit #6401 Ocean 3 3 0 1996 1,971 Sold Hampton Place Villas 47 Ocean Lane Unit #5209 Ocean 3 3 0 1996 1,966 Sold Somerset Villas 164 S Shore Drive Unit #406 Ocean 3 3 1 1999 2,740 Sold Somerset Villas 164 S Shore Drive Unit #501 Ocean 4 4 1 1999 3,746 Sold Wendover Dunes Villa 89 Ocean Lane Unit #8128 Wooded 2 2 1 2001 1,562 Sold Windsor Ct S Villas 57 Ocean Lane Unit #3403 Ocean 1 2 0 1994 1,037 Sold Windsor Ct S Villas 57 Ocean Lane Unit #3408 Landscape, Ocean 3 3 0 1994 1,880 Sold Windsor Ct S Villas 57 Ocean Lane Unit #3107 Ocean 3 3 0 1994 1,935 Sold Windsor Place I Villas 65 Ocean Lane Unit #102 Ocean 1 2 0 1993 1,019 Sold Windsor Place II Villas 63 Ocean Lane Unit #2114 Ocean 1 2 0 1993 1,019 Sold Windsor Place II Villas 63 Ocean Lane Unit #2219 Ocean 3 3 0 1993 1,830 Sold Windsor Place II Villas 63 Ocean Lane Unit #2220 Ocean 3 3 0 1993 1,830
STATUS
VILLA COMPLEX
ADDRESS
VIEW
LIST PRICE CLOSE PRICE $599,500 $715,000 $775,000 $429,000 $899,000 $925,000 $1,070,000 $399,900 $445,500 $619,000 $689,000 $315,000 $319,900 $337,900 $564,000 $449,500 $749,000 $770,000 $775,000 $785,000 $799,500 $1,255,000 $1,275,000 $1,550,000 $1,775,000 $1,085,000 $1,095,000 $2,595,000 $2,995,000 $729,000 $769,000 $519,000 $729,000 $775,000 $825,000 $515,000 $639,000 $724,900 $999,000 $1,199,000 $1,275,000 $449,000 $469,000 $615,000 $595,000 $589,000 $850,000 $1,169,500 $1,395,000 $349,500 $350,000 $399,500 $535,000 $739,000 $749,500 $799,000 $1,199,000 $1,385,000 $1,899,000 $2,450,000 $517,500 $499,000 $1,395,000 $1,445,000 $419,900 $429,000 $1,389,999 $1,399,000
------------------------------------------------------------------------------------------------$1,395,000 $325,000 $325,000 $380,000 $500,000 $712,500 $724,000 $750,000 $1,155,000 $1,375,000 $1,775,000 $2,412,500 $510,000 $474,000 $1,285,000 $1,360,000 $385,000 $407,500 $1,335,000 $1,400,000
Source: Keeping Current Matters, August 2018
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.
NAR’s Chief Economist Lawrence Yun had this to say, “It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.” The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days. Bottom Line - If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!
KEY TRENDS
Americans Rank Real Estate as the Best Investment for Five Years Running!
Source: Gallup via Keeping Current Matters, August 2018
35%
34%
34% Real Estate
30% 26% STOCKS
25% 20%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 31, 2018
KEY TRENDS
19% 17%
17% GOLD
15%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
10%
34% REAL ESTATE
2011
2012
2013
2014
2015
2016
2017
2018
15% SAVINGS ACCOUNT
Real estate has come a long way since 2011, when 34% of Americans favored gold as the best investment. Of the four listed above real estate is the only investment you can live in. Generations also agree that real estate is the best investment! Millenials - 29% | Generation X - 37% | Baby Boomers - 34%
THE STATE
N T
Our Portfolio of Fine Homes in Leamington R PR O I V C E E M E
of the Leamington Villas Real Estate Market
IM
P
August 2018
KEY METRICS
22 Arthur Hills Court, Leamington
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $850,000
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.
First Seven Months of 2018 in Review
Leamington Villas’ first seven months of 2018 sales are significantly up from last year: 20 villas closed this year, up from the 15 which closed last year. The first seven months total dollar volume of villas sold in 2018 was $18,985,500 up from $9,780,600 in 2017. Supply and demand: as of July 31st, 2018, there are 44 villas listed for sale with an average of 2.86 villas selling per month over the last seven months. That translates into a 15.40-month supply, considered by industry experts to be a buyer’s market. As of July 31, 2018, there were four villas pending/under contract.
20
$737,000
95.57%
259
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Leamington (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 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 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
Hilton Head Is., SC
ACTIVE LISTINGS ON HILTON HEAD ISLAND
604 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through July 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
470
$489,000
2014
472
$488,000
2015
519
$530,000
2016
508
$524,000
2017
539
$530,000
2018
634
$548,000
In 2018 the Hilton Head Island housing market enjoyed its best first seven 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, first seven months home sales in 2018 are up to 634, a rather significant 18% increase from 2017. Additionally, home prices are up 3.4% from 2017 and at their highest price in nine years. The median price of homes selling in the US is at its highest ever. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through August 7, 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.