TECH FOCUS
THE STATE
Extensive Domestic & Global Exposure (EDGE™)
of the North & South Forest Beach Oceanfront Villas Real Estate Market May 2018
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
KEY METRICS
First Four Months of 2018 in Review
In the North and South Forest Beach Oceanfront Villas area, 25 villas closed in the first four months of 2018, with 28 closing during the same period last year. So far, the total dollar volume of 2018 is $8,620,500, down compared to $9,314,256 in 2017. Supply and demand: as of May 1st, 2018, there are 47 North and South Forest Beach Oceanfront Villas listed for sale with an average of 6 villas selling per month over the last six months. That translates into a 7.83-month supply, considered by industry experts to be a buyer’s market. There are nine villas under contract in North and South Forest Beach Oceanfront Villas.
25
$265,000
95.48%
146
Total Sales
Median Price
Sale to List Price
Median Days on Market
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. Let me provide the EDGE you need to sell your home. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
Hilton Head Island Real Estate Market Overview
• White-glove professionalism and local market expertise of your dedicated Advisor
ACTIVE LISTINGS ON HILTON HEAD ISLAND
626 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through April 30 for Each Year
COMMUNITY SPECIALIST Scott Regene is your North and South Forest Beach Real Estate Specialist. Contact me for a complimentary home valuation
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
Year
Number of Homes Sold
Median Price
2013
231
$464,000
2014
245
$480,000
2015
258
$535,000
2016
261
$510,000
2017
251
$545,000
2018
311
$535,000
In 2018 the Hilton Head Island housing market enjoyed its best first four 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, the number of sales in the first four months are up to 311, a 24% increase from 2017. Surprisingly the median price though did drop slightly by 1.8% but with the increased demand is expected to rise over the next several months. The median price of homes selling in the US is at its highest ever. Median price on the Island in 2006 hit its highest level ever at $750,000. It is expected that Island prices in the next several years will again 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 May 2, 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 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 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 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
VILLA COMPLEX The Sea Crest Villas Ocean One Villas Ocean One Villas The Sea Crest Villas Shorewood Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Ocean One Villas Shorewood Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Shorewood Villas Shorewood Villas Shorewood Villas Shorewood Villas Ocean One Villas Ocean Club Villas The Sea Crest Villas The Sea Crest Villas Ocean One Villas Ocean One Villas Shorewood Villas Shorewood Villas Shorewood Villas North Shore Place Villas Shorewood Villas Ocean Club Villas North Shore Place Villas Ocean Dunes Villas Carolina Beach Club Ocean Dunes Villas Breakers Villas Breakers Villas Ocean Dunes Villas Ocean Dunes Villas Sea Side Villas Breakers Villas Sea Side Villas Breakers Villas Sea Side Villas Sea Side Villas Sea Side Villas The Sea Crest Villas Hilton Head Beach Villas Shorewood Villas Shorewood Villas North Shore Place Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Ocean One Villas Shorewood Villas Shorewood Villas Ocean Club Villas North Shore Place Villas Ocean One Villas Ocean One Villas Sea Side Villas Sea Side Villas Sea Side Villas Carolina Beach Club Sea Side Villas Sea Side Villas Breakers Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas
ADDRESS 10 N Forest Beach Drive #PH 1 11 S Forest Beach Drive #523 11 S Forest Beach Drive #507 10 N Forest Beach Drive #3103 21 S Forest Beach Drive #507 10 N Forest Beach Drive #2112 10 N Forest Beach Drive #1206 21 S Forest Beach Drive #535 11 S Forest Beach Drive #301 21 S Forest Beach Drive #335 10 N Forest Beach Drive #2115 10 N Forest Beach Drive #2410 10 N Forest Beach Drive #2511 10 N Forest Beach Drive #2209 10 N Forest Beach Drive #2506 21 S Forest Beach Drive #311 21 S Forest Beach Drive #436 21 S Forest Beach Drive #208 21 S Forest Beach Drive #211 21 S Forest Beach Drive #108 11 S Forest Beach Drive #215 31 S Forest Beach Drive #20 10 N Forest Beach Drive #2106 10 N Forest Beach Drive #2108 11 S Forest Beach Drive #202 11 S Forest Beach Drive #424 21 S Forest Beach Drive #439 21 S Forest Beach Drive #231 21 S Forest Beach Drive #137 3 N Forest Beach #206 21 S Forest Beach Drive #418 31 S Forest Beach #4 3 N Forest Beach #107 43 S Forest Beach Drive #417 39 S Forest Beach Drive #229 43 S Forest Beach Drive #104 4 N Forest Beach Drive #227 4 N Forest Beach Drive #217 43 S Forest Beach Drive #418 43 S Forest Beach Drive #120 23 S Forest Beach #174 4 N Forest Beach Drive #122 23 S Forest Beach #145 4 N Forest Beach Drive #305 23 S Forest Beach #290 23 S Forest Beach #138 23 S Forest Beach #109 10 N Forest Beach Drive #PH 2 37 S Forest Beach Drive #18 21 S Forest Beach Drive #438 21 S Forest Beach Drive #109 3 N Forest Beach #110 23 S Forest Beach #318 23 S Forest Beach #283 23 S Forest Beach #284 23 S Forest Beach #310 11 S Forest Beach Drive #401 21 S Forest Beach Drive #101 21 S Forest Beach Drive #223 31 S Forest Beach #13 3 N Forest Beach #207 11 S Forest Beach Drive #122 11 S Forest Beach Drive #220 23 S Forest Beach #372 23 S Forest Beach #267 23 S Forest Beach #326 39 S Forest Beach Drive #529 23 S Forest Beach #121 23 S Forest Beach #126 4 N Forest Beach Drive #129 23 S Forest Beach #170 23 S Forest Beach #220 23 S Forest Beach Drive #352 23 S Forest Beach #316 23 S Forest Beach #309 23 S Forest Beach #142
VIEW Landscape, Ocean Deep Water, Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean, Pool Ocean, Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Ocean Deep Water, Ocean Ocean Ocean Ocean Landscape, Pool Landscape, Ocean Ocean Wooded Deep Water, Landscape Ocean, Pool Ocean, Pool Ocean, Pool Landscape Ocean, Pool Landscape, Pool Landscape Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean, Pool Ocean Landscape Ocean, Pool Ocean Ocean Landscape, Ocean Ocean Ocean, Pool Ocean Landscape Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean, Pool Landscape Landscape, Wooded Landscape Landscape Ocean Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean Ocean
TOTAL FULL HALF BEDROOMS BATHS BATHS 5 4 1 4 4 0 4 4 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 4 3 0 3 3 0 3 3 0 2 2 0 2 2 0 3 3 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 3 3 0 2 2 0 2 2 0 4 3 0 3 3 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 4 4 1 2 3 0 2 2 0 2 2 0 2 2 0 1 1 0 1 1 0 1 1 0 1 1 0 4 3 0 3 3 0 3 3 0 2 2 0 2 2 0 3 3 0 2 2 0 1 1 0 1 1 0 1 1 0 2 2 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0
APPROX. SQ. FOOTAGE 3,800 2,600 2,600 2,060 1,437 1,750 1,827 1,450 1,819 1,437 1,750 1,327 1,327 2,004 1,327 1,109 1,125 1,109 1,270 1,109 1,293 1,964 1,327 1,327 1,819 1,580 1,090 1,200 1,200 1,290 1,270 1,296 1,261 800 850 800 518 518 538 538 518 518 518 518 518 518 518 4,000 1,850 1,125 1,109 1,277 518 518 518 518 1,819 1,437 1,816 1,296 1,261 1,584 1,293 560 518 560 682 560 560 518 560 518 518 518 518 518
LIST PRICE
CLOSE PRICE
$1,695,000 $1,225,000 $1,225,000 $1,199,000 $1,100,000 $1,049,500 $999,000 $995,000 $850,000 $849,900 $799,000 $699,000 $699,000 $695,000 $679,000 $675,000 $650,000 $650,000 $640,000 $625,000 $625,000 $575,000 $569,000 $559,900 $549,900 $519,000 $519,000 $499,900 $499,900 $499,000 $439,000 $435,000 $429,000 $399,000 $349,000 $340,000 $279,000 $279,000 $274,500 $266,500 $259,000 $249,000 $234,900 $229,900 $225,000 $189,000 $184,900 $1,995,000 $725,000 $575,000 $539,000 $455,000 $260,000 $189,000 $189,000 $170,000 $799,000 $675,000 $549,000 $449,000 $434,000 $415,000 $369,000 $299,900 $299,000 $298,500 $275,000 $274,900 $262,500 $249,500 $239,000 $199,000 $189,900 $182,500 $179,500 $179,000
----------------------------------------------------------------------------------------------------------------$740,000 $625,000 $500,000 $435,000 $416,000 $401,000 $355,000 $295,000 $284,000 $285,000 $250,000 $265,000 $250,000 $243,000 $225,000 $185,000 $185,000 $176,000 $175,000 $175,000
How Much Has Your Home Value Increased Over the Last Year? Source: Keeping Current Matters, May 2018
9.3%
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.
8.5%
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.
7% 5.4%
The chart to the left shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available). It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year. Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
LOW PRICE
KEY TRENDS
LOW TO MIDDLE PRICE
MIDDLE TO MODERATE PRICE
BOTTOM LINE
HIGH PRICE
If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.
30-Year Fixed-Rate Mortgage Rates Source: Freddie Mac, May 2018
4.5
4.9 4.6
2018 Q4
2018 Q3
2018 Q2
FOOD FOR THOUGHT buyers thought they could wait forever because rates were going to stay low forever. They’re starting to realize that if they’re going to buy, they should probably buy now. Rick Palacios Jr., DIRECTOR OF RESEARCH John Burns Real Estate Consulting
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between February 1, 2018 and April 30, 2018
KEY TRENDS
2017 - Today actual interest rates
Where they’re going in 2018
North & South Forest Beach Oceanfront 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 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 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
VILLA COMPLEX The Sea Crest Villas Ocean One Villas Ocean One Villas The Sea Crest Villas Shorewood Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Ocean One Villas Shorewood Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas The Sea Crest Villas Shorewood Villas Shorewood Villas Shorewood Villas Shorewood Villas Shorewood Villas Ocean One Villas Ocean Club Villas The Sea Crest Villas The Sea Crest Villas Ocean One Villas Ocean One Villas Shorewood Villas Shorewood Villas Shorewood Villas North Shore Place Villas Shorewood Villas Ocean Club Villas North Shore Place Villas Ocean Dunes Villas Carolina Beach Club Ocean Dunes Villas Breakers Villas Breakers Villas Ocean Dunes Villas Ocean Dunes Villas Sea Side Villas Breakers Villas Sea Side Villas Breakers Villas Sea Side Villas Sea Side Villas Sea Side Villas The Sea Crest Villas Hilton Head Beach Villas Shorewood Villas Shorewood Villas North Shore Place Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Ocean One Villas Shorewood Villas Shorewood Villas Ocean Club Villas North Shore Place Villas Ocean One Villas Ocean One Villas Sea Side Villas Sea Side Villas Sea Side Villas Carolina Beach Club Sea Side Villas Sea Side Villas Breakers Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas Sea Side Villas
ADDRESS 10 N Forest Beach Drive #PH 1 11 S Forest Beach Drive #523 11 S Forest Beach Drive #507 10 N Forest Beach Drive #3103 21 S Forest Beach Drive #507 10 N Forest Beach Drive #2112 10 N Forest Beach Drive #1206 21 S Forest Beach Drive #535 11 S Forest Beach Drive #301 21 S Forest Beach Drive #335 10 N Forest Beach Drive #2115 10 N Forest Beach Drive #2410 10 N Forest Beach Drive #2511 10 N Forest Beach Drive #2209 10 N Forest Beach Drive #2506 21 S Forest Beach Drive #311 21 S Forest Beach Drive #436 21 S Forest Beach Drive #208 21 S Forest Beach Drive #211 21 S Forest Beach Drive #108 11 S Forest Beach Drive #215 31 S Forest Beach Drive #20 10 N Forest Beach Drive #2106 10 N Forest Beach Drive #2108 11 S Forest Beach Drive #202 11 S Forest Beach Drive #424 21 S Forest Beach Drive #439 21 S Forest Beach Drive #231 21 S Forest Beach Drive #137 3 N Forest Beach #206 21 S Forest Beach Drive #418 31 S Forest Beach #4 3 N Forest Beach #107 43 S Forest Beach Drive #417 39 S Forest Beach Drive #229 43 S Forest Beach Drive #104 4 N Forest Beach Drive #227 4 N Forest Beach Drive #217 43 S Forest Beach Drive #418 43 S Forest Beach Drive #120 23 S Forest Beach #174 4 N Forest Beach Drive #122 23 S Forest Beach #145 4 N Forest Beach Drive #305 23 S Forest Beach #290 23 S Forest Beach #138 23 S Forest Beach #109 10 N Forest Beach Drive #PH 2 37 S Forest Beach Drive #18 21 S Forest Beach Drive #438 21 S Forest Beach Drive #109 3 N Forest Beach #110 23 S Forest Beach #318 23 S Forest Beach #283 23 S Forest Beach #284 23 S Forest Beach #310 11 S Forest Beach Drive #401 21 S Forest Beach Drive #101 21 S Forest Beach Drive #223 31 S Forest Beach #13 3 N Forest Beach #207 11 S Forest Beach Drive #122 11 S Forest Beach Drive #220 23 S Forest Beach #372 23 S Forest Beach #267 23 S Forest Beach #326 39 S Forest Beach Drive #529 23 S Forest Beach #121 23 S Forest Beach #126 4 N Forest Beach Drive #129 23 S Forest Beach #170 23 S Forest Beach #220 23 S Forest Beach Drive #352 23 S Forest Beach #316 23 S Forest Beach #309 23 S Forest Beach #142
VIEW Landscape, Ocean Deep Water, Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean, Pool Ocean, Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Ocean Deep Water, Ocean Ocean Ocean Ocean Landscape, Pool Landscape, Ocean Ocean Wooded Deep Water, Landscape Ocean, Pool Ocean, Pool Ocean, Pool Landscape Ocean, Pool Landscape, Pool Landscape Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean, Pool Ocean Landscape Ocean, Pool Ocean Ocean Landscape, Ocean Ocean Ocean, Pool Ocean Landscape Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean, Pool Landscape Landscape, Wooded Landscape Landscape Ocean Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean Ocean Ocean Ocean Ocean Ocean
TOTAL FULL HALF BEDROOMS BATHS BATHS 5 4 1 4 4 0 4 4 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 4 3 0 3 3 0 3 3 0 2 2 0 2 2 0 3 3 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 3 3 0 2 2 0 2 2 0 4 3 0 3 3 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 4 4 1 2 3 0 2 2 0 2 2 0 2 2 0 1 1 0 1 1 0 1 1 0 1 1 0 4 3 0 3 3 0 3 3 0 2 2 0 2 2 0 3 3 0 2 2 0 1 1 0 1 1 0 1 1 0 2 2 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0
APPROX. SQ. FOOTAGE 3,800 2,600 2,600 2,060 1,437 1,750 1,827 1,450 1,819 1,437 1,750 1,327 1,327 2,004 1,327 1,109 1,125 1,109 1,270 1,109 1,293 1,964 1,327 1,327 1,819 1,580 1,090 1,200 1,200 1,290 1,270 1,296 1,261 800 850 800 518 518 538 538 518 518 518 518 518 518 518 4,000 1,850 1,125 1,109 1,277 518 518 518 518 1,819 1,437 1,816 1,296 1,261 1,584 1,293 560 518 560 682 560 560 518 560 518 518 518 518 518
LIST PRICE
CLOSE PRICE
$1,695,000 $1,225,000 $1,225,000 $1,199,000 $1,100,000 $1,049,500 $999,000 $995,000 $850,000 $849,900 $799,000 $699,000 $699,000 $695,000 $679,000 $675,000 $650,000 $650,000 $640,000 $625,000 $625,000 $575,000 $569,000 $559,900 $549,900 $519,000 $519,000 $499,900 $499,900 $499,000 $439,000 $435,000 $429,000 $399,000 $349,000 $340,000 $279,000 $279,000 $274,500 $266,500 $259,000 $249,000 $234,900 $229,900 $225,000 $189,000 $184,900 $1,995,000 $725,000 $575,000 $539,000 $455,000 $260,000 $189,000 $189,000 $170,000 $799,000 $675,000 $549,000 $449,000 $434,000 $415,000 $369,000 $299,900 $299,000 $298,500 $275,000 $274,900 $262,500 $249,500 $239,000 $199,000 $189,900 $182,500 $179,500 $179,000
----------------------------------------------------------------------------------------------------------------$740,000 $625,000 $500,000 $435,000 $416,000 $401,000 $355,000 $295,000 $284,000 $285,000 $250,000 $265,000 $250,000 $243,000 $225,000 $185,000 $185,000 $176,000 $175,000 $175,000
How Much Has Your Home Value Increased Over the Last Year? Source: Keeping Current Matters, May 2018
9.3%
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.
8.5%
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.
7% 5.4%
The chart to the left shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available). It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year. Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
LOW PRICE
KEY TRENDS
LOW TO MIDDLE PRICE
MIDDLE TO MODERATE PRICE
BOTTOM LINE
HIGH PRICE
If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.
30-Year Fixed-Rate Mortgage Rates Source: Freddie Mac, May 2018
4.5
4.9 4.6
2018 Q4
2018 Q3
2018 Q2
FOOD FOR THOUGHT buyers thought they could wait forever because rates were going to stay low forever. They’re starting to realize that if they’re going to buy, they should probably buy now. Rick Palacios Jr., DIRECTOR OF RESEARCH John Burns Real Estate Consulting
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between February 1, 2018 and April 30, 2018
KEY TRENDS
2017 - Today actual interest rates
Where they’re going in 2018
TECH FOCUS
THE STATE
Extensive Domestic & Global Exposure (EDGE™)
of the North & South Forest Beach Oceanfront Villas Real Estate Market May 2018
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
KEY METRICS
First Four Months of 2018 in Review
In the North and South Forest Beach Oceanfront Villas area, 25 villas closed in the first four months of 2018, with 28 closing during the same period last year. So far, the total dollar volume of 2018 is $8,620,500, down compared to $9,314,256 in 2017. Supply and demand: as of May 1st, 2018, there are 47 North and South Forest Beach Oceanfront Villas listed for sale with an average of 6 villas selling per month over the last six months. That translates into a 7.83-month supply, considered by industry experts to be a buyer’s market. There are nine villas under contract in North and South Forest Beach Oceanfront Villas.
25
$265,000
95.48%
146
Total Sales
Median Price
Sale to List Price
Median Days on Market
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. Let me provide the EDGE you need to sell your home. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
Hilton Head Island Real Estate Market Overview
• White-glove professionalism and local market expertise of your dedicated Advisor
ACTIVE LISTINGS ON HILTON HEAD ISLAND
626 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through April 30 for Each Year
COMMUNITY SPECIALIST Scott Regene is your North and South Forest Beach Real Estate Specialist. Contact me for a complimentary home valuation
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
Year
Number of Homes Sold
Median Price
2013
231
$464,000
2014
245
$480,000
2015
258
$535,000
2016
261
$510,000
2017
251
$545,000
2018
311
$535,000
In 2018 the Hilton Head Island housing market enjoyed its best first four 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, the number of sales in the first four months are up to 311, a 24% increase from 2017. Surprisingly the median price though did drop slightly by 1.8% but with the increased demand is expected to rise over the next several months. The median price of homes selling in the US is at its highest ever. Median price on the Island in 2006 hit its highest level ever at $750,000. It is expected that Island prices in the next several years will again 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 May 2, 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.