THE STATE
Our international reach finds buyers.
of the North & South Forest Beach Oceanfront Villas Real Estate Market March 2018 KEY METRICS
February 2018 in Review
In the North & South Forest Beach Villas area, ten villas closed in the first two months of 2018, with only six closing during the same time last year. The first two months of 2018 total dollar volume more than doubled to $3.366M, up compared to $1.589M in 2017. Supply and demand: as of March 2nd, 2018, there are 43 North & South Forest Beach Oceanfront Villas listed for sale with an average of 5.33 villas selling per month over the last six months. That translates into a 8.07-month supply, considered by industry experts to be a buyer’s market. There are 12 villas under contract in North & South Forest Beach Oceanfront Villas.
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing a revolutionary approach to the North and South Forest Beach 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. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
10
$251,750
94.46%
81
Total Sales
Median Price
Sale to List Price
Median Days on Market
Please contact me to schedule a brief introductory meeting and complimentary home valuation. ™
Extensive Domestic & Global Exposure (EDGE )
TECH FOCUS
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency.
618
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through February 28 for Each Year
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
Year
Number of Homes Sold
Median Price
Let me provide the EDGE you need to sell your home.
2013
85
$509,000
COMMUNITY SPECIALIST Scott Regene is your North and South Forest Beach Real Estate Specialist. Contact me for a complimentary home valuation
2014
98
$493,000
2015
97
$522,000
2016
108
$516,000
2017
100
$527,000
2018
129
$510,000
• White-glove professionalism and local market expertise of your dedicated Advisor
and discover how I can increase your property’s visibility both nationally and internationally through Engel & Völkers global real estate network, unique digital platforms, social media presence, and local market expertise.
Scott Regene Real Estate Advisor Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Telephone: 843-949-0522 Email: scott.regene@evusa.com Website: www.scottregene.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
In 2018 the Hilton Head Island housing market enjoyed its best first two months since the beginning of the recession. More homes sold in first two months of 2018 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 are up 29% from 2017. The median price however did drop 3.2% but is still 34% below the peak set in 2006. The median price of homes selling in the US is at its highest ever. It is expected that Island prices in the next several years will also rise into record-setting territory. Thus, with prices still way below the peak 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 March 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.
North & South Forest Beach Oceanfront Villa Listings
Home Prices Are On Their Way Up 3.4% Over The Previous Year!
LIST PRICE CLOSE PRICE
Median Price of Homes Sold Each Year
$500,000 $430,000
$400,000
$378,000 $383,000 $333,000
$325,000
$300,000
$283,000
$322,000 $305,000
$253,000
Because of the sustained improvement of the last seven years in the number of sales, the median price of homes, according to MLS data, is on the way up. The median price of homes sold in 2017 was 3.4% over 2016. The good news is that homes are still 23% below the Pre-Recession peak set in 2005.
$280,000
$266,000 $259,000
$275,000
$200,000 20 17
16
15
14
13
12
11
10
09
20
20
20
20
20
20
20
08
KEY TRENDS
20
Active - On the Market Pending - Under Contract Sold - Closed Between December 1, 2017 and February 28, 2018
Median Prices of Homes Sold Hilton Head Island/Bluffton 2005-2017
07
Definitions for Listings
KEY TRENDS
Source: Hilton Head Multiple Listing Service, March 2018
20
----------------------------------------------------------------------------------------------------------------$925,000 $740,000 $575,000 $500,000 $425,000 $435,000 $375,000 $275,000 $285,000 $253,500 $250,000 $265,000 $225,000 $222,000 $225,000 $185,000 $180,000
06
$1,795,000 $1,595,000 $1,225,000 $1,199,000 $1,049,500 $999,000 $995,000 $850,000 $799,000 $709,000 $700,000 $699,000 $680,000 $679,000 $650,000 $649,000 $625,000 $579,000 $569,000 $559,900 $525,000 $525,000 $519,000 $499,900 $499,000 $469,000 $439,000 $439,000 $438,500 $399,000 $349,000 $340,000 $337,000 $279,000 $266,500 $260,000 $259,900 $249,000 $229,900 $225,000 $210,000 $189,000 $179,500 $179,000 $170,000 $675,000 $549,000 $434,000 $415,000 $369,000 $299,900 $299,000 $262,500 $249,500 $199,000 $182,500 $999,900 $799,000 $599,999 $595,000 $459,000 $449,000 $439,000 $299,000 $298,500 $279,000 $275,000 $274,900 $250,000 $239,000 $239,000 $189,900 $189,900
20
The Sea Crest Villas The Sea Crest Villas Ocean One Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Ocean One Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas The Sea Crest Villas Shorewood Villas Shorewood Villas Shorewood Villas Ocean One Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Ocean One Villas Shorewood Villas Shorewood Villas North Shore Place Villas North Shore Place Villas Shorewood Villas Ocean Club Villas North Shore Place Villas Sea Side Villas Carolina Beach Club Ocean Dunes Villas Ocean Club Villas Breakers Villas Ocean Dunes Villas Sea Side Villas Sea Side Villas Breakers Villas Breakers Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Shorewood Villas Shorewood Villas North Shore Place Villas Ocean One Villas Ocean One Villas Sea Side Villas Sea Side Villas Sea Side Villas Breakers Villas Sea Side Villas Sea Side Villas Shorewood Villas Ocean One Villas The Sea Crest Villas Ocean One Villas North Shore Place Villas Ocean Club Villas Ocean Dunes Villas Ocean Dunes Villas Sea Side Villas Ocean Dunes Villas Carolina Beach Club Sea Side Villas Ocean Dunes Villas Breakers Villas Sea Side Villas Sea Side Villas Breakers Villas
VIEW
20
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 Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
TOTAL FULL HALF APPROX. YEAR BUILT BEDROOMS BATHS BATHS SQ. FOOTAGE 10 N Forest Beach Drive #PH 2 Landscape, Ocean 5 4 1 4,000 1998 10 N Forest Beach Drive #PH 1 Landscape, Ocean 4 4 1 3,800 1998 11 S Forest Beach Drive #523 Deep Water, Ocean 4 4 0 2,600 1975 10 N Forest Beach Drive #3103 Ocean 3 3 0 2,060 1998 10 N Forest Beach Drive #2112 Ocean 3 3 0 1,750 1998 10 N Forest Beach Drive #1206 Ocean 3 3 0 1,827 1998 21 S Forest Beach Drive #535 Ocean, Pool 3 3 0 1,450 1975 11 S Forest Beach Drive #301 Ocean, Ocean 4 3 0 1,819 1975 10 N Forest Beach Drive #2115 Ocean 3 3 0 1,750 1998 10 N Forest Beach Drive #2410 Ocean 2 2 0 1,327 1998 10 N Forest Beach Drive #2209 Ocean 3 3 0 2,004 1998 10 N Forest Beach Drive #2511 Ocean 2 2 0 1,327 1998 21 S Forest Beach Drive #211 Ocean 2 2 0 1,270 1975 10 N Forest Beach Drive #2506 Ocean 2 2 0 1,327 1998 21 S Forest Beach Drive #436 Landscape, Ocean 2 2 0 1,125 1981 21 S Forest Beach Drive #208 Deep Water, Ocean 2 2 0 1,109 1975 21 S Forest Beach Drive #108 Ocean 2 2 0 1,109 1975 11 S Forest Beach Drive #202 Wooded 4 3 0 1,819 1975 10 N Forest Beach Drive #2106 Landscape, Ocean 2 2 0 1,327 1998 10 N Forest Beach Drive #2108 Ocean 2 2 0 1,327 1998 21 S Forest Beach Drive #137 Ocean, Pool 2 2 0 1,200 1975 11 S Forest Beach Drive #424 Deep Water, Landscape 3 3 0 1,580 1975 21 S Forest Beach Drive #439 Ocean, Pool 2 2 0 1,090 1975 21 S Forest Beach Drive #231 Ocean, Pool 2 2 0 1,200 1975 3 N Forest Beach #206 Landscape 2 2 0 1,290 2001 3 N Forest Beach #110 Landscape 2 2 0 1,277 2001 21 S Forest Beach Drive #418 Ocean, Pool 2 2 0 1,270 1975 31 S Forest Beach #4 Landscape, Pool 2 2 0 1,296 1972 3 N Forest Beach #107 Landscape 2 2 0 1,261 2001 23 S Forest Beach #221 Ocean 1 1 0 560 1979 39 S Forest Beach Drive #229 Ocean 2 2 0 850 1983 43 S Forest Beach Drive #104 Ocean 2 2 0 800 1980 31 S Forest Beach #10 Pool 2 2 0 1,296 1972 4 N Forest Beach Drive #227 Ocean, Pool 1 1 0 518 1979 43 S Forest Beach Drive #120 Ocean 1 1 0 538 1980 23 S Forest Beach #318 Ocean 1 1 0 518 1979 23 S Forest Beach #174 Ocean 1 1 0 518 1979 4 N Forest Beach Drive #122 Ocean, Pool 1 1 0 518 1979 4 N Forest Beach Drive #305 Landscape 1 1 0 518 1979 23 S Forest Beach #290 Ocean, Pool 1 1 0 518 1979 23 S Forest Beach #180 Deep Water, Ocean 1 1 0 518 1979 23 S Forest Beach #138 Ocean 1 1 0 518 1979 23 S Forest Beach #309 Ocean 1 1 0 518 1979 23 S Forest Beach #142 Ocean 1 1 0 518 1979 23 S Forest Beach #310 Ocean 1 1 0 518 1979 21 S Forest Beach Drive #101 Ocean, Pool 3 3 0 1,437 1975 21 S Forest Beach Drive #223 Ocean, Pool 3 3 0 1,816 1975 3 N Forest Beach #207 Landscape, Wooded 2 2 0 1,261 2001 11 S Forest Beach Drive #122 Landscape 3 3 0 1,584 1975 11 S Forest Beach Drive #220 Landscape 2 2 0 1,293 1975 23 S Forest Beach #372 Ocean 1 1 0 560 1979 23 S Forest Beach #267 Ocean 1 1 0 518 1979 23 S Forest Beach #126 Ocean 1 1 0 560 1979 4 N Forest Beach Drive #129 Ocean, Pool 1 1 0 518 1979 23 S Forest Beach #220 Ocean 1 1 0 518 1979 23 S Forest Beach #316 Ocean 1 1 0 518 1979 21 S Forest Beach Drive #506 Ocean 3 3 0 1,437 1975 11 S Forest Beach Drive #401 Ocean 4 3 0 1,819 1975 10 N Forest Beach Drive #2513 Ocean 2 2 0 1,327 1998 11 S Forest Beach Drive #113 Ocean 3 3 0 1,584 1975 3 N Forest Beach #509 Landscape, Wooded 2 2 0 1,261 2001 31 S Forest Beach #13 Landscape 2 2 0 1,296 1972 43 S Forest Beach Drive #305 Ocean 2 2 0 800 1980 43 S Forest Beach Drive #307 Ocean, Pool 1 1 0 538 1980 23 S Forest Beach #326 Ocean 1 1 0 560 1979 43 S Forest Beach Drive #408 Ocean 1 1 0 538 1980 39 S Forest Beach Drive #529 Ocean 2 2 0 682 1983 23 S Forest Beach #121 Ocean 1 1 0 560 1979 43 S Forest Beach Drive #218 Ocean 1 1 0 538 1980 4 N Forest Beach Drive #333 Ocean, Pool 1 1 0 518 1979 23 S Forest Beach #170 Ocean 1 1 0 560 1979 23 S Forest Beach Drive #352 Ocean 1 1 0 518 1979 4 N Forest Beach Drive #304 Ocean, Wooded 1 1 0 518 1979 ADDRESS
05
VILLA COMPLEX
20
STATUS
How Much Does Waiting To Buy Your Next Home Cost You? Source: Keeping Current Matters, March 2018
Date Today 2019
Mortgage
Interest Rate*
$500,000 4.0% $521,000 4.9% DIFFERENCE IN MONTHLY PAYMENT $378.01
P&I** $2,387.08 $2,765.09
*Average Commitment Rate Per Freddie Mac. **Principle and Interest Payment
Four Reasons to Sell Your Home This Spring
KEY TRENDS
Source: Keeping Current Matters, March 2018
#1 - BUYER DEMAND WILL REMAIN STRONG
Buyers are out in force looking for their dream homes! Buyers are often competing with one another for the listings that are available! According to the National Association of Realtors (NAR), the median days on market for a listing was only 42 days last month!
#2 - there is less competition now
Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
#3 - THERE WILL NEVER BE A BETTER TIME TO MOVE UP
Prices are projected to appreciate by 4.3% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in both down payment and mortgage payment, if you wait.
#4 - IT’S TIME TO MOVE ON WITH YOUR LIFE Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Perhaps the time has come for you and your family to move on and start living the life you desire!
North & South Forest Beach Oceanfront Villa Listings
Home Prices Are On Their Way Up 3.4% Over The Previous Year!
LIST PRICE CLOSE PRICE
Median Price of Homes Sold Each Year
$500,000 $430,000
$400,000
$378,000 $383,000 $333,000
$325,000
$300,000
$283,000
$322,000 $305,000
$253,000
Because of the sustained improvement of the last seven years in the number of sales, the median price of homes, according to MLS data, is on the way up. The median price of homes sold in 2017 was 3.4% over 2016. The good news is that homes are still 23% below the Pre-Recession peak set in 2005.
$280,000
$266,000 $259,000
$275,000
$200,000 20 17
16
15
14
13
12
11
10
09
20
20
20
20
20
20
20
08
KEY TRENDS
20
Active - On the Market Pending - Under Contract Sold - Closed Between December 1, 2017 and February 28, 2018
Median Prices of Homes Sold Hilton Head Island/Bluffton 2005-2017
07
Definitions for Listings
KEY TRENDS
Source: Hilton Head Multiple Listing Service, March 2018
20
----------------------------------------------------------------------------------------------------------------$925,000 $740,000 $575,000 $500,000 $425,000 $435,000 $375,000 $275,000 $285,000 $253,500 $250,000 $265,000 $225,000 $222,000 $225,000 $185,000 $180,000
06
$1,795,000 $1,595,000 $1,225,000 $1,199,000 $1,049,500 $999,000 $995,000 $850,000 $799,000 $709,000 $700,000 $699,000 $680,000 $679,000 $650,000 $649,000 $625,000 $579,000 $569,000 $559,900 $525,000 $525,000 $519,000 $499,900 $499,000 $469,000 $439,000 $439,000 $438,500 $399,000 $349,000 $340,000 $337,000 $279,000 $266,500 $260,000 $259,900 $249,000 $229,900 $225,000 $210,000 $189,000 $179,500 $179,000 $170,000 $675,000 $549,000 $434,000 $415,000 $369,000 $299,900 $299,000 $262,500 $249,500 $199,000 $182,500 $999,900 $799,000 $599,999 $595,000 $459,000 $449,000 $439,000 $299,000 $298,500 $279,000 $275,000 $274,900 $250,000 $239,000 $239,000 $189,900 $189,900
20
The Sea Crest Villas The Sea Crest Villas Ocean One Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Ocean One Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas The Sea Crest Villas Shorewood Villas Shorewood Villas Shorewood Villas Ocean One Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Ocean One Villas Shorewood Villas Shorewood Villas North Shore Place Villas North Shore Place Villas Shorewood Villas Ocean Club Villas North Shore Place Villas Sea Side Villas Carolina Beach Club Ocean Dunes Villas Ocean Club Villas Breakers Villas Ocean Dunes Villas Sea Side Villas Sea Side Villas Breakers Villas Breakers Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Shorewood Villas Shorewood Villas North Shore Place Villas Ocean One Villas Ocean One Villas Sea Side Villas Sea Side Villas Sea Side Villas Breakers Villas Sea Side Villas Sea Side Villas Shorewood Villas Ocean One Villas The Sea Crest Villas Ocean One Villas North Shore Place Villas Ocean Club Villas Ocean Dunes Villas Ocean Dunes Villas Sea Side Villas Ocean Dunes Villas Carolina Beach Club Sea Side Villas Ocean Dunes Villas Breakers Villas Sea Side Villas Sea Side Villas Breakers Villas
VIEW
20
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 Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
TOTAL FULL HALF APPROX. YEAR BUILT BEDROOMS BATHS BATHS SQ. FOOTAGE 10 N Forest Beach Drive #PH 2 Landscape, Ocean 5 4 1 4,000 1998 10 N Forest Beach Drive #PH 1 Landscape, Ocean 4 4 1 3,800 1998 11 S Forest Beach Drive #523 Deep Water, Ocean 4 4 0 2,600 1975 10 N Forest Beach Drive #3103 Ocean 3 3 0 2,060 1998 10 N Forest Beach Drive #2112 Ocean 3 3 0 1,750 1998 10 N Forest Beach Drive #1206 Ocean 3 3 0 1,827 1998 21 S Forest Beach Drive #535 Ocean, Pool 3 3 0 1,450 1975 11 S Forest Beach Drive #301 Ocean, Ocean 4 3 0 1,819 1975 10 N Forest Beach Drive #2115 Ocean 3 3 0 1,750 1998 10 N Forest Beach Drive #2410 Ocean 2 2 0 1,327 1998 10 N Forest Beach Drive #2209 Ocean 3 3 0 2,004 1998 10 N Forest Beach Drive #2511 Ocean 2 2 0 1,327 1998 21 S Forest Beach Drive #211 Ocean 2 2 0 1,270 1975 10 N Forest Beach Drive #2506 Ocean 2 2 0 1,327 1998 21 S Forest Beach Drive #436 Landscape, Ocean 2 2 0 1,125 1981 21 S Forest Beach Drive #208 Deep Water, Ocean 2 2 0 1,109 1975 21 S Forest Beach Drive #108 Ocean 2 2 0 1,109 1975 11 S Forest Beach Drive #202 Wooded 4 3 0 1,819 1975 10 N Forest Beach Drive #2106 Landscape, Ocean 2 2 0 1,327 1998 10 N Forest Beach Drive #2108 Ocean 2 2 0 1,327 1998 21 S Forest Beach Drive #137 Ocean, Pool 2 2 0 1,200 1975 11 S Forest Beach Drive #424 Deep Water, Landscape 3 3 0 1,580 1975 21 S Forest Beach Drive #439 Ocean, Pool 2 2 0 1,090 1975 21 S Forest Beach Drive #231 Ocean, Pool 2 2 0 1,200 1975 3 N Forest Beach #206 Landscape 2 2 0 1,290 2001 3 N Forest Beach #110 Landscape 2 2 0 1,277 2001 21 S Forest Beach Drive #418 Ocean, Pool 2 2 0 1,270 1975 31 S Forest Beach #4 Landscape, Pool 2 2 0 1,296 1972 3 N Forest Beach #107 Landscape 2 2 0 1,261 2001 23 S Forest Beach #221 Ocean 1 1 0 560 1979 39 S Forest Beach Drive #229 Ocean 2 2 0 850 1983 43 S Forest Beach Drive #104 Ocean 2 2 0 800 1980 31 S Forest Beach #10 Pool 2 2 0 1,296 1972 4 N Forest Beach Drive #227 Ocean, Pool 1 1 0 518 1979 43 S Forest Beach Drive #120 Ocean 1 1 0 538 1980 23 S Forest Beach #318 Ocean 1 1 0 518 1979 23 S Forest Beach #174 Ocean 1 1 0 518 1979 4 N Forest Beach Drive #122 Ocean, Pool 1 1 0 518 1979 4 N Forest Beach Drive #305 Landscape 1 1 0 518 1979 23 S Forest Beach #290 Ocean, Pool 1 1 0 518 1979 23 S Forest Beach #180 Deep Water, Ocean 1 1 0 518 1979 23 S Forest Beach #138 Ocean 1 1 0 518 1979 23 S Forest Beach #309 Ocean 1 1 0 518 1979 23 S Forest Beach #142 Ocean 1 1 0 518 1979 23 S Forest Beach #310 Ocean 1 1 0 518 1979 21 S Forest Beach Drive #101 Ocean, Pool 3 3 0 1,437 1975 21 S Forest Beach Drive #223 Ocean, Pool 3 3 0 1,816 1975 3 N Forest Beach #207 Landscape, Wooded 2 2 0 1,261 2001 11 S Forest Beach Drive #122 Landscape 3 3 0 1,584 1975 11 S Forest Beach Drive #220 Landscape 2 2 0 1,293 1975 23 S Forest Beach #372 Ocean 1 1 0 560 1979 23 S Forest Beach #267 Ocean 1 1 0 518 1979 23 S Forest Beach #126 Ocean 1 1 0 560 1979 4 N Forest Beach Drive #129 Ocean, Pool 1 1 0 518 1979 23 S Forest Beach #220 Ocean 1 1 0 518 1979 23 S Forest Beach #316 Ocean 1 1 0 518 1979 21 S Forest Beach Drive #506 Ocean 3 3 0 1,437 1975 11 S Forest Beach Drive #401 Ocean 4 3 0 1,819 1975 10 N Forest Beach Drive #2513 Ocean 2 2 0 1,327 1998 11 S Forest Beach Drive #113 Ocean 3 3 0 1,584 1975 3 N Forest Beach #509 Landscape, Wooded 2 2 0 1,261 2001 31 S Forest Beach #13 Landscape 2 2 0 1,296 1972 43 S Forest Beach Drive #305 Ocean 2 2 0 800 1980 43 S Forest Beach Drive #307 Ocean, Pool 1 1 0 538 1980 23 S Forest Beach #326 Ocean 1 1 0 560 1979 43 S Forest Beach Drive #408 Ocean 1 1 0 538 1980 39 S Forest Beach Drive #529 Ocean 2 2 0 682 1983 23 S Forest Beach #121 Ocean 1 1 0 560 1979 43 S Forest Beach Drive #218 Ocean 1 1 0 538 1980 4 N Forest Beach Drive #333 Ocean, Pool 1 1 0 518 1979 23 S Forest Beach #170 Ocean 1 1 0 560 1979 23 S Forest Beach Drive #352 Ocean 1 1 0 518 1979 4 N Forest Beach Drive #304 Ocean, Wooded 1 1 0 518 1979 ADDRESS
05
VILLA COMPLEX
20
STATUS
How Much Does Waiting To Buy Your Next Home Cost You? Source: Keeping Current Matters, March 2018
Date Today 2019
Mortgage
Interest Rate*
$500,000 4.0% $521,000 4.9% DIFFERENCE IN MONTHLY PAYMENT $378.01
P&I** $2,387.08 $2,765.09
*Average Commitment Rate Per Freddie Mac. **Principle and Interest Payment
Four Reasons to Sell Your Home This Spring
KEY TRENDS
Source: Keeping Current Matters, March 2018
#1 - BUYER DEMAND WILL REMAIN STRONG
Buyers are out in force looking for their dream homes! Buyers are often competing with one another for the listings that are available! According to the National Association of Realtors (NAR), the median days on market for a listing was only 42 days last month!
#2 - there is less competition now
Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
#3 - THERE WILL NEVER BE A BETTER TIME TO MOVE UP
Prices are projected to appreciate by 4.3% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in both down payment and mortgage payment, if you wait.
#4 - IT’S TIME TO MOVE ON WITH YOUR LIFE Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Perhaps the time has come for you and your family to move on and start living the life you desire!
THE STATE
Our international reach finds buyers.
of the North & South Forest Beach Oceanfront Villas Real Estate Market March 2018 KEY METRICS
February 2018 in Review
In the North & South Forest Beach Villas area, ten villas closed in the first two months of 2018, with only six closing during the same time last year. The first two months of 2018 total dollar volume more than doubled to $3.366M, up compared to $1.589M in 2017. Supply and demand: as of March 2nd, 2018, there are 43 North & South Forest Beach Oceanfront Villas listed for sale with an average of 5.33 villas selling per month over the last six months. That translates into a 8.07-month supply, considered by industry experts to be a buyer’s market. There are 12 villas under contract in North & South Forest Beach Oceanfront Villas.
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing a revolutionary approach to the North and South Forest Beach 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. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
10
$251,750
94.46%
81
Total Sales
Median Price
Sale to List Price
Median Days on Market
Please contact me to schedule a brief introductory meeting and complimentary home valuation. ™
Extensive Domestic & Global Exposure (EDGE )
TECH FOCUS
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency.
618
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through February 28 for Each Year
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
Year
Number of Homes Sold
Median Price
Let me provide the EDGE you need to sell your home.
2013
85
$509,000
COMMUNITY SPECIALIST Scott Regene is your North and South Forest Beach Real Estate Specialist. Contact me for a complimentary home valuation
2014
98
$493,000
2015
97
$522,000
2016
108
$516,000
2017
100
$527,000
2018
129
$510,000
• White-glove professionalism and local market expertise of your dedicated Advisor
and discover how I can increase your property’s visibility both nationally and internationally through Engel & Völkers global real estate network, unique digital platforms, social media presence, and local market expertise.
Scott Regene Real Estate Advisor Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Telephone: 843-949-0522 Email: scott.regene@evusa.com Website: www.scottregene.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
In 2018 the Hilton Head Island housing market enjoyed its best first two months since the beginning of the recession. More homes sold in first two months of 2018 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 are up 29% from 2017. The median price however did drop 3.2% but is still 34% below the peak set in 2006. The median price of homes selling in the US is at its highest ever. It is expected that Island prices in the next several years will also rise into record-setting territory. Thus, with prices still way below the peak 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 March 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.