THE STATE
SPECTACULAR HOMES, LOTS AND LAND
of the May River - River Side Real Estate Market
October 2017 KEY METRICS 72 Brams Point Road, Spanish Wells
4 Bedrooms | 4 Bathrooms | 4,400 Htd. SqFt | Deep Water View | $3,499,000
86 Rose Dhu Creek Plantation Drive, Rose Dhu Creek Plantation
The First Nine Months of 2017 in Review
4 Bedrooms | 4.5 Bathrooms | 5,563 Htd. SqFt | Landscape View | $999,000
N M E A W R T K O E T
In May River-River Side, 24 homes closed, compared to 26 in 2016. The first three quarters’ total dollar volume of homes sold in 2017 was $13.941M, slightly up from $13.174M in 2016. Supply and demand: there are currently 22 homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 7.33-month supply, considered by industry experts to be a buyer’s market. As of October 13, 2017, there were nine homes pending. In the lot realm, 17 lots closed in the first nine months of 2017 versus 24 during the same time last year. There is currently one lot pending.
5 Old Oak Road, Oldfield
How’s the Hilton Head Island - Bluffton Real Estate Market Doing? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first three quarters 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 three quarters’ record of 2,051 homes sold. In the first three quarters of 2017 though, 2,594 homes were sold, a dramatic 26% difference. In other positive news, home values in just the first nine months of 2017 were up 1.9% 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 in our area.
2 Derby Court, Rose Dhu Creek Plantation
All MLS Bluffton/Off-Plantation
O
L
D
Historical Median Sales Price Rolling 12-Month Calculation
S
S
O
L
D
4 Bedrooms | 3.5 Bathrooms | 3,608 Htd. SqFt | Lake/Landscape View | $849,000 4 Bedrooms | 4.5 Bathrooms | 4,781 Htd. SqFt | Landscape View | $1,295,000
22 Castle Point Road, Bluffton - May River
3 Bedrooms | 4 Bathrooms | 2,400 Htd. SqFt | Deep Water View | $1,450,000
22 Kirk Bluff Road, Bluffton - May River
4 Bedrooms | 4 Bathrooms | 3,600 Htd. SqFt | Deep Water View | $657,500
COMING SOON
LOCAL RESIDENTIAL LOTS
84 Ulmer Road Bed & Breakfast Downtown Bluffton
356 Harbour Passage Windmill Harbour
378 Old Palmetto Bluff Road Palmetto Bluff
9 Bedrooms | 10 Bathrooms | 7,260 Htd. SqFt | $1,299,000
PRICE REDUCTION! FOR SALE OR TRADE! Harbor View | 0.31 Acres | $449,000
Landscape View | 5.75 Acres | $435,000
29 Oxen Lane Rose Hill - Estate Side
25 Rawstrom Drive Bluffton - Off Plantation
PHENOMENAL LAND TRACTS 702 Belfield Drive Ridgeland, Jasper County
625 Fording Island Road Okatie, Beaufort County
Wooded View | 241 Acres | $996,625
Wooded View | 160 Acres | $320,000 Wooded View | 1.67 Acres | $145,000
Wooded View | 2 Acres | $139,000
PRSRT STD US POSTAGE PAID Permit 73
Nickey Maxey, Real Estate Advisor
Hilton Head Is., SC
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: 843-247-0001 Email: nickey.maxey@evusa.com Website: www.nickeymaxey.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.
Local Postal Customer
Inventory of Homes For Sale
Number of Closed Home Sales
Total Value of Homes Closed
25
30
$15,000,000
20
24
$12,000,000
15
18
$9,000,000
10
12
$6,000,000
5
6
$3,000,000 26
22
0
On 09/30/17
0
1st Nine Months of 2016
24
1st Nine Months of 2017
0
$13,174,000
$13,941,000
1st Nine Months of 2016
1 Nine Months of 2017 st
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through October 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.
May River Home Listings
2517
2594
2017
2302
2080
1732
1551
1377
1112
1482
1249
1572
2051
Number of Homes Sold
20
20
20
20
1000 500 0
17
16
15
20
14
13
12
20
11
20
10
Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2017 and September 30, 2017
1500
20
Definitions for Listings
2000
09
VIEW LIST PRICE CLOSE PRICE Landscape, River $144,000 --Lagoon/Canal, Wooded $148,800 --Landscape, Marsh $149,000 --Landscape, Wooded $149,000 --Landscape, Marsh $159,900 --Landscape, River $189,550 --Landscape, Wooded $269,999 --Wooded $75,000 --Landscape $268,800 $268,800 Wooded $215,000 $215,000 Wooded $128,500 $128,500
2500
20
ADDRESS 43 Rose Dhu Creek Plantation Drive 63 Rose Dhu Creek Plantation Drive 65 Rose Dhu Creek Plantation Drive 5738 Guilford Place 31 Rose Dhu Creek Plantation Drive 75 Rose Dhu Creek Plantation Drive 100 Goethe Road 10 Wharf Street 10 Guerrard Avenue 45 Verdier Cove Road 16 Kitty Road
3000
08
STATUS Active Active Active Active Active Active Active Pending Sold Sold Sold
Homes Sold Each First Three Quarters, 2005-2017 Hilton Head Island/Bluffton
20
May River Lot Listings
KEY TRENDS
Source: Multiple Listing Service of Hilton Head Island, Inc.
07
Deep Water, River Deep Water, River Landscape, Wooded Deep Water Landscape Landscape, River Landscape Deep Water, River Deep Water, River Landscape Landscape, Wooded River Sound, Wooded Landscape Wooded Landscape Wooded Wooded Landscape Landscape Landscape Landscape Deep Water, River Deep Water Marsh, River River Landscape, Wooded Landscape, Wooded Landscape Landscape, Wooded Landscape Deep Water Deep Water Deep Water, River Deep Water, River Landscape, Wooded Deep Water Wooded Landscape, Wooded Landscape, River Landscape, Wooded
20
34 Myrtle Island Lane 113 Gascoigne Bluff Road 16 Sweet Grass Lane 67 Pine View Drive 2 Derby Court 55 Rose Dhu Creek Plantation Drive 11 Shults Road 44 Myrtle Island Road 34 Minuteman Drive 86 Rose Dhu Creek Plantation Drive 8 Sweet Grass Lane 2 Crystal Beach Circle 23 Bruin Road 5797 Yaupon Road 16 Dovetree Lane 222 Goethe Road 12 Dovetree Lane 4 Fisherman Lane 10 Guerrard Avenue 12 Tabby Shell Road 46 Wharf Street 8 Guerrard Avenue 163 Gascoigne Bluff Road 23 Ulmer Drive 29 Rose Dhu Drive 22 Kirk Bluff Road 29 Pine View Dr 5818 Ginkgo Lane 5753 Guilford Place 4 Nandina Court 11 Robertson Street 22 Castle Point Road 6837 Browns Bluff Lane 37 Pine View Drive 31 Pine View Drive 5852 Ginkgo Lane 27 Albert Ln 7 Redbud Way 5747 Guilford Place 39 Bridge Street 50 Wharf St
06
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 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
20
VIEW
05
ADDRESS
2017 Sales at an All-Time High Best First Three Quarters for Home Sales Ever
20
STATUS
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 5 2 4,681 2003 $2,195,000 --3 3 0 3,200 1995 $1,775,000 --4 4 1 4,475 2015 $1,395,000 --6 5 2 4,545 2003 $1,295,000 --4 4 1 4,781 2006 $1,295,000 --6 5 1 6,150 2007 $1,250,000 --3 2 0 1,668 1957 $1,250,000 --3 2 1 2,680 2003 $1,195,000 --5 4 1 6,000 2006 $1,145,000 --4 4 1 5,563 2006 $949,000 --5 6 0 4,872 2007 $879,000 --4 3 0 2,480 1995 $850,000 --4 3 1 3,387 1987 $799,000 --4 3 1 2,686 2010 $649,000 --5 3 2 3,263 2015 $585,000 --4 3 1 2,850 2017 $570,000 --5 4 1 3,622 2014 $535,000 --4 4 0 2,569 1999 $499,900 --3 3 0 1,640 2017 $459,000 --3 2 1 2,600 2008 $449,000 --3 2 1 1,710 2014 $449,000 --3 2 1 1,767 2017 $421,000 --4 3 1 4,480 2004 $1,950,000 --5 4 0 3,945 1957 $1,150,000 --4 3 1 3,584 1974 $899,000 --4 4 0 3,600 1993 $699,000 --5 4 1 4,000 1978 $674,500 --2 2 1 2,287 2014 $518,500 --3 2 0 1,516 2017 $479,000 --5 3 1 2,991 2014 $464,000 --3 1 1 1,176 2012 $189,000 --3 4 0 2,400 2014 $1,450,000 $1,450,000 2 2 0 1,836 2009 $1,000,000 $1,000,000 3 3 1 2,850 1985 $850,500 $850,500 3 2 1 3,032 1988 $840,000 $840,000 3 2 1 2,450 2014 $650,000 $650,000 3 2 0 2,336 2004 $556,500 $556,500 5 3 1 3,026 2015 $485,000 $485,000 3 2 0 1,838 2016 $450,000 $450,000 4 3 0 2,478 1969 $240,000 $240,000 3 2 0 1,152 2012 $162,100 $162,100
Home sales in the Hilton Head Island-Bluffton area in the first three quarters of 2017 were the best ever according to historical MLS records. As depicted in the chart, 2,594 homes sold in the first three quarters of 2017 far surpassing the pre-recession peak year of 2005. We are not aware of any markets in the US that have experienced a record-setting first three quarters.
An App That Moves You
TECH FOCUS
The Engel & Völkers Mobile Real Estate Strategy Did you know that the majority of real estate related searches happen on mobile devices? To meet the needs of today’s mobile clientele, Engel & Völkers offers the EV Real Estate app to help you get your listing directly into the hands of potential buyers. The easy-to-use app provides users across North America with access to all homes for sale with the details they need to help make their real estate move. No matter where our clients are, we’ve got them covered! With the app, users have 24/7 access to homes for sale in their neighborhood and beyond. Users can search for homes based on their current location or by simply adding an address, city or zip code. For sellers, the app allows you to view your listing exactly how potential buyers see it, in addition to comparable listings in your market. You can share your listing via text or email from the app to increase exposure. To enjoy the EV Real Estate experience visit http://app.evrealestate.com/ evhiltonheadisland and feel free to share with friends and family. If you have any questions or would like to speak about your real estate goals, feel free to contact us directly or through EV Real Estate.
May River Home Listings
2517
2594
2017
2302
2080
1732
1551
1377
1112
1482
1249
1572
2051
Number of Homes Sold
20
20
20
20
1000 500 0
17
16
15
20
14
13
12
20
11
20
10
Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2017 and September 30, 2017
1500
20
Definitions for Listings
2000
09
VIEW LIST PRICE CLOSE PRICE Landscape, River $144,000 --Lagoon/Canal, Wooded $148,800 --Landscape, Marsh $149,000 --Landscape, Wooded $149,000 --Landscape, Marsh $159,900 --Landscape, River $189,550 --Landscape, Wooded $269,999 --Wooded $75,000 --Landscape $268,800 $268,800 Wooded $215,000 $215,000 Wooded $128,500 $128,500
2500
20
ADDRESS 43 Rose Dhu Creek Plantation Drive 63 Rose Dhu Creek Plantation Drive 65 Rose Dhu Creek Plantation Drive 5738 Guilford Place 31 Rose Dhu Creek Plantation Drive 75 Rose Dhu Creek Plantation Drive 100 Goethe Road 10 Wharf Street 10 Guerrard Avenue 45 Verdier Cove Road 16 Kitty Road
3000
08
STATUS Active Active Active Active Active Active Active Pending Sold Sold Sold
Homes Sold Each First Three Quarters, 2005-2017 Hilton Head Island/Bluffton
20
May River Lot Listings
KEY TRENDS
Source: Multiple Listing Service of Hilton Head Island, Inc.
07
Deep Water, River Deep Water, River Landscape, Wooded Deep Water Landscape Landscape, River Landscape Deep Water, River Deep Water, River Landscape Landscape, Wooded River Sound, Wooded Landscape Wooded Landscape Wooded Wooded Landscape Landscape Landscape Landscape Deep Water, River Deep Water Marsh, River River Landscape, Wooded Landscape, Wooded Landscape Landscape, Wooded Landscape Deep Water Deep Water Deep Water, River Deep Water, River Landscape, Wooded Deep Water Wooded Landscape, Wooded Landscape, River Landscape, Wooded
20
34 Myrtle Island Lane 113 Gascoigne Bluff Road 16 Sweet Grass Lane 67 Pine View Drive 2 Derby Court 55 Rose Dhu Creek Plantation Drive 11 Shults Road 44 Myrtle Island Road 34 Minuteman Drive 86 Rose Dhu Creek Plantation Drive 8 Sweet Grass Lane 2 Crystal Beach Circle 23 Bruin Road 5797 Yaupon Road 16 Dovetree Lane 222 Goethe Road 12 Dovetree Lane 4 Fisherman Lane 10 Guerrard Avenue 12 Tabby Shell Road 46 Wharf Street 8 Guerrard Avenue 163 Gascoigne Bluff Road 23 Ulmer Drive 29 Rose Dhu Drive 22 Kirk Bluff Road 29 Pine View Dr 5818 Ginkgo Lane 5753 Guilford Place 4 Nandina Court 11 Robertson Street 22 Castle Point Road 6837 Browns Bluff Lane 37 Pine View Drive 31 Pine View Drive 5852 Ginkgo Lane 27 Albert Ln 7 Redbud Way 5747 Guilford Place 39 Bridge Street 50 Wharf St
06
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 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
20
VIEW
05
ADDRESS
2017 Sales at an All-Time High Best First Three Quarters for Home Sales Ever
20
STATUS
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 5 2 4,681 2003 $2,195,000 --3 3 0 3,200 1995 $1,775,000 --4 4 1 4,475 2015 $1,395,000 --6 5 2 4,545 2003 $1,295,000 --4 4 1 4,781 2006 $1,295,000 --6 5 1 6,150 2007 $1,250,000 --3 2 0 1,668 1957 $1,250,000 --3 2 1 2,680 2003 $1,195,000 --5 4 1 6,000 2006 $1,145,000 --4 4 1 5,563 2006 $949,000 --5 6 0 4,872 2007 $879,000 --4 3 0 2,480 1995 $850,000 --4 3 1 3,387 1987 $799,000 --4 3 1 2,686 2010 $649,000 --5 3 2 3,263 2015 $585,000 --4 3 1 2,850 2017 $570,000 --5 4 1 3,622 2014 $535,000 --4 4 0 2,569 1999 $499,900 --3 3 0 1,640 2017 $459,000 --3 2 1 2,600 2008 $449,000 --3 2 1 1,710 2014 $449,000 --3 2 1 1,767 2017 $421,000 --4 3 1 4,480 2004 $1,950,000 --5 4 0 3,945 1957 $1,150,000 --4 3 1 3,584 1974 $899,000 --4 4 0 3,600 1993 $699,000 --5 4 1 4,000 1978 $674,500 --2 2 1 2,287 2014 $518,500 --3 2 0 1,516 2017 $479,000 --5 3 1 2,991 2014 $464,000 --3 1 1 1,176 2012 $189,000 --3 4 0 2,400 2014 $1,450,000 $1,450,000 2 2 0 1,836 2009 $1,000,000 $1,000,000 3 3 1 2,850 1985 $850,500 $850,500 3 2 1 3,032 1988 $840,000 $840,000 3 2 1 2,450 2014 $650,000 $650,000 3 2 0 2,336 2004 $556,500 $556,500 5 3 1 3,026 2015 $485,000 $485,000 3 2 0 1,838 2016 $450,000 $450,000 4 3 0 2,478 1969 $240,000 $240,000 3 2 0 1,152 2012 $162,100 $162,100
Home sales in the Hilton Head Island-Bluffton area in the first three quarters of 2017 were the best ever according to historical MLS records. As depicted in the chart, 2,594 homes sold in the first three quarters of 2017 far surpassing the pre-recession peak year of 2005. We are not aware of any markets in the US that have experienced a record-setting first three quarters.
An App That Moves You
TECH FOCUS
The Engel & Völkers Mobile Real Estate Strategy Did you know that the majority of real estate related searches happen on mobile devices? To meet the needs of today’s mobile clientele, Engel & Völkers offers the EV Real Estate app to help you get your listing directly into the hands of potential buyers. The easy-to-use app provides users across North America with access to all homes for sale with the details they need to help make their real estate move. No matter where our clients are, we’ve got them covered! With the app, users have 24/7 access to homes for sale in their neighborhood and beyond. Users can search for homes based on their current location or by simply adding an address, city or zip code. For sellers, the app allows you to view your listing exactly how potential buyers see it, in addition to comparable listings in your market. You can share your listing via text or email from the app to increase exposure. To enjoy the EV Real Estate experience visit http://app.evrealestate.com/ evhiltonheadisland and feel free to share with friends and family. If you have any questions or would like to speak about your real estate goals, feel free to contact us directly or through EV Real Estate.
THE STATE
SPECTACULAR HOMES, LOTS AND LAND
of the May River - River Side Real Estate Market
October 2017 KEY METRICS 72 Brams Point Road, Spanish Wells
4 Bedrooms | 4 Bathrooms | 4,400 Htd. SqFt | Deep Water View | $3,499,000
86 Rose Dhu Creek Plantation Drive, Rose Dhu Creek Plantation
The First Nine Months of 2017 in Review
4 Bedrooms | 4.5 Bathrooms | 5,563 Htd. SqFt | Landscape View | $999,000
N M E A W R T K O E T
In May River-River Side, 24 homes closed, compared to 26 in 2016. The first three quarters’ total dollar volume of homes sold in 2017 was $13.941M, slightly up from $13.174M in 2016. Supply and demand: there are currently 22 homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 7.33-month supply, considered by industry experts to be a buyer’s market. As of October 13, 2017, there were nine homes pending. In the lot realm, 17 lots closed in the first nine months of 2017 versus 24 during the same time last year. There is currently one lot pending.
5 Old Oak Road, Oldfield
How’s the Hilton Head Island - Bluffton Real Estate Market Doing? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first three quarters 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 three quarters’ record of 2,051 homes sold. In the first three quarters of 2017 though, 2,594 homes were sold, a dramatic 26% difference. In other positive news, home values in just the first nine months of 2017 were up 1.9% 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 in our area.
2 Derby Court, Rose Dhu Creek Plantation
All MLS Bluffton/Off-Plantation
O
L
D
Historical Median Sales Price Rolling 12-Month Calculation
S
S
O
L
D
4 Bedrooms | 3.5 Bathrooms | 3,608 Htd. SqFt | Lake/Landscape View | $849,000 4 Bedrooms | 4.5 Bathrooms | 4,781 Htd. SqFt | Landscape View | $1,295,000
22 Castle Point Road, Bluffton - May River
3 Bedrooms | 4 Bathrooms | 2,400 Htd. SqFt | Deep Water View | $1,450,000
22 Kirk Bluff Road, Bluffton - May River
4 Bedrooms | 4 Bathrooms | 3,600 Htd. SqFt | Deep Water View | $657,500
COMING SOON
LOCAL RESIDENTIAL LOTS
84 Ulmer Road Bed & Breakfast Downtown Bluffton
356 Harbour Passage Windmill Harbour
378 Old Palmetto Bluff Road Palmetto Bluff
9 Bedrooms | 10 Bathrooms | 7,260 Htd. SqFt | $1,299,000
PRICE REDUCTION! FOR SALE OR TRADE! Harbor View | 0.31 Acres | $449,000
Landscape View | 5.75 Acres | $435,000
29 Oxen Lane Rose Hill - Estate Side
25 Rawstrom Drive Bluffton - Off Plantation
PHENOMENAL LAND TRACTS 702 Belfield Drive Ridgeland, Jasper County
625 Fording Island Road Okatie, Beaufort County
Wooded View | 241 Acres | $996,625
Wooded View | 160 Acres | $320,000 Wooded View | 1.67 Acres | $145,000
Wooded View | 2 Acres | $139,000
PRSRT STD US POSTAGE PAID Permit 73
Nickey Maxey, Real Estate Advisor
Hilton Head Is., SC
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: 843-247-0001 Email: nickey.maxey@evusa.com Website: www.nickeymaxey.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.
Local Postal Customer
Inventory of Homes For Sale
Number of Closed Home Sales
Total Value of Homes Closed
25
30
$15,000,000
20
24
$12,000,000
15
18
$9,000,000
10
12
$6,000,000
5
6
$3,000,000 26
22
0
On 09/30/17
0
1st Nine Months of 2016
24
1st Nine Months of 2017
0
$13,174,000
$13,941,000
1st Nine Months of 2016
1 Nine Months of 2017 st
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through October 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.