THE STATE
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes
of the Palmetto Dunes Real Estate Market
January 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $965,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
2017 Year-End in Review
In Palmetto Dunes, 33 homes closed in 2017, very close to the 35 that closed in 2016. January through December’s total dollar volume was $46.814M, up significantly from the total volume of $37.896M in 2016. Supply and demand: as of January 3rd, 2018, there are 45 Palmetto Dunes homes listed for sale with an average of 3.17 homes selling per month over the last six months. That translates into a 14.20-month supply, considered by industry experts to be a buyer’s market. There are five homes under contract in Palmetto Dunes. In the lot realm, six lots closed in 2017, compared to 10 lots in the previous year. There is currently one lot under contract at this present time.
33
$970,000
94.45%
179
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 st Direct Oceanfront Views Await You! This beautiful 1 -floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your Palmetto Dunes Real Estate Specialist. Are you considering listing your home? Please contact
us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Telephone • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.evusa.com ©2018 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
PRSRT STD US POSTAGE PAID Permit 73
ACTIVE LISTINGS ON HILTON HEAD ISLAND
551 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales Year
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate on the Island.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.
Palmetto Dunes Home Listings STATUS SUB-AREA 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 Active Active Active Active Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side
ADDRESS
VIEW
12 Brigantine 9 Junket 11 Iron Clad 17 Armada 19 Armada 9 Promontory Court 5 Junket 164 Mooring Buoy 49 Mooring Buoy 176 Mooring Buoy 3 Junket 4 Ketch 4 Junket 1 Eastwind 3 Flotilla 44 Sea Lane 14 Port Tack 29 Port Tack 2 Lee Shore 7 Slack Tide 4 Catboat 9 High Water 1 Armada Street 144 Mooring Buoy 4 Full Sweep 5 Hunt Club Court 3 Eastwind 4 Galleon 142 Mooring Buoy 4 Ginger Beer Court 21 Swing About 58 Full Sweep 29 Swing About 12 Hunt Club Court 81 Port Tack 22 Heath Drive 10 Hunt Club Court 11 Saint George Road 29 Rum Row 37 Swing About 55 Sea Lane 35 Full Sweep 75 Port Tack 6 Topside 22 Promontory Court 12 Sea Lane 52 Off Shore 19 Cartgate Drive 56 Full Sweep 14 Heath Drive 44 Off Shore 6 Flotilla 39 Full Sweep 122 Mooring Buoy 10 Full Sweep 21 Full Sweep 12 Armada Street 8 Flotilla 10 Highrigger 11 Catboat 9 Iron Clad 11 Sea Lane 162 Mooring Buoy 159 Mooring Buoy 4 Brigantine 3 Galleon 6 Iron Clad 54 Mooring Buoy 1 Night Harbour 179 Mooring Buoy 48 Sea Lane 10 Strath Court 3 Lookout
Ocean Ocean Ocean Ocean Ocean Golf, Lagoon/Canal Ocean Landscape, Pool Golf, Lagoon/Canal Golf, Lagoon/Canal Wooded Ocean Landscape, Wooded Landscape Landscape Lagoon/Canal Golf, Lagoon Golf, Lagoon/Canal Wooded Golf, Lagoon/Canal Landscape, Pool Lagoon/Canal Wooded Pool, Wooded Lagoon/Canal, River Landscape, Pool Landscape, Wooded Landscape Landscape Landscape, Pool Lagoon/Canal, Pool Golf, Pool Lagoon/Canal, Pool Lagoon/Canal Lagoon/Canal Golf, Pool Lagoon/Canal Lagoon, River Golf Lagoon/Canal Golf, Lagoon/Canal Lake Lagoon/Canal Lake Pool, Wooded Lagoon/Canal Golf Wooded Golf, Pool Golf Golf, Landscape Landscape, Pool Lagoon/Canal, Lake Landscape Golf, Lagoon/Canal Lake, Pool Ocean Ocean Ocean Ocean Ocean Golf, Pool Ocean, Wooded Lagoon/Canal, Pool Ocean Ocean, Wooded Ocean, Pool Landscape Golf, Pool Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Golf, Lagoon/Canal
TOTAL YEAR APPROX. FULL BATHS HALF BATHS BEDROOMS BUILT SQ. FOOTAGE 6 5 1 1981 5,600 5 5 2 1994 4,956 6 7 2 1996 5,787 5 5 0 1992 4,916 4 4 1 1987 3,842 5 5 0 2007 5,019 6 6 1 1984 5,112 5 5 2 1979 3,680 6 7 0 2002 5,322 5 6 2 1980 4,561 5 5 1 1992 4,591 6 6 1 1992 4,022 4 4 0 1985 3,416 5 4 1 1984 3,038 5 5 0 1981 3,966 4 3 1 1984 2,680 4 3 1 1982 3,173 6 5 1 2003 5,802 5 5 0 1994 3,005 4 3 1 2003 3,263 5 5 0 1989 4,012 7 7 2 1987 4,604 3 3 0 1979 2,477 3 3 0 1973 2,132 4 3 0 1979 2,385 5 5 0 1999 3,870 3 3 0 1983 1,881 3 3 0 1981 2,252 3 4 0 1975 2,100 5 4 2 2000 3,968 4 4 0 2002 2,796 4 4 0 2002 2,785 4 3 0 1973 2,597 3 2 1 1980 2,025 3 3 0 1995 2,438 4 4 0 1981 2,500 4 4 0 1987 2,244 4 4 1 1983 3,435 3 3 0 1978 2,100 4 3 0 1983 2,430 3 3 0 1989 2,592 4 4 0 1987 2,843 3 2 1 1984 2,237 3 3 0 1989 2,452 3 2 1 1994 2,873 4 3 1 1982 2,512 3 2 1 1990 2,340 3 3 0 1995 1,956 3 2 0 1982 1,958 3 3 0 1981 2,078 3 2 0 1973 1,754 5 4 1 1990 3,292 4 4 1 2003 3,411 4 4 0 1970 2,648 4 2 1 1980 2,536 3 2 0 1980 2,034 5 5 2 2016 4,638 6 6 1 2002 5,885 5 5 1 1995 4,992 4 4 1 1971 5,342 6 6 2 1980 5,335 5 5 2 2005 7,056 5 4 2 1990 4,844 5 4 1 2016 4,144 6 6 2 2001 4,976 5 5 1 1993 5,701 6 6 1 1998 4,320 5 4 1 2013 3,624 6 6 1 1981 4,274 7 6 1 1998 5,158 6 4 1 1988 5,087 5 4 1 2001 3,308 7 6 1 2006 5,179
LIST PRICE CLOSE PRICE $4,395,000 $4,150,000 $3,995,000 $3,695,000 $3,250,000 $2,095,000 $1,999,000 $1,895,000 $1,895,000 $1,795,000 $1,695,000 $1,595,000 $1,495,000 $1,395,000 $1,395,000 $1,345,000 $1,325,000 $1,295,000 $1,225,000 $1,199,000 $1,195,000 $1,190,000 $1,175,000 $1,100,000 $1,049,000 $995,000 $995,000 $949,500 $895,000 $869,000 $799,500 $772,000 $759,500 $749,500 $749,000 $735,000 $730,000 $729,000 $725,000 $699,000 $659,000 $649,000 $649,000 $639,000 $629,000 $599,000 $579,000 $559,000 $559,000 $519,000 $329,900 $1,439,000 $899,900 $799,000 $727,900 $559,900 $4,500,000 $3,995,000 $3,895,000 $3,100,000 $2,995,000 $2,250,000 $1,995,000 $1,995,000 $1,795,000 $1,695,000 $1,650,000 $1,639,000 $1,399,000 $1,399,000 $1,349,000 $1,225,000 $1,199,900
----------------------------------------------------------------------------------------------------------------$4,235,000 $3,850,000 $3,500,000 $2,825,000 $2,750,000 $2,050,000 $1,770,000 $1,845,000 $1,680,000 $1,600,000 $1,585,000 $1,550,000 $1,287,500 $1,250,000 $1,260,000 $1,160,000 $1,225,000
STATUS SUB-AREA Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Mariners Side
ADDRESS
VIEW
5 Burns Court 34 Sea Lane 46 Haul Away 136 Mooring Buoy 42 Mooring Buoy 50 Haul Away 36 Starboard Tack 44 Mooring Buoy 18 Full Sweep 15 Promontory Court 75 Off Shore 5 Cockle Court 6 Flagg Road 40 Starboard Tack 3 Full Sweep 7 Ginger Beer Court 5 Off Shore 53 Full Sweep 3 Burns Court 8 Swing About 8 Saint George Road 12 Promontory Court 56 Full Sweep 56 Port Tack 84 Port Tack
Golf Lagoon/Canal Lagoon/Canal, Pool Pool, Wooded Landscape, Pool Lagoon/Canal Lagoon/Canal Landscape Golf, Lagoon/Canal Golf, Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Landscape, Pool Lagoon/Canal Lake, Pool Golf Lagoon/Canal Lake Landscape, Pool Golf, Pool Golf Landscape, Wooded Golf Lake Lagoon/Canal, Pool
TOTAL YEAR APPROX. FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS BUILT SQ. FOOTAGE 4 4 1 1992 3,236 $1,075,000 $970,000 5 3 1 1976 2,768 $995,000 $930,000 4 3 0 1999 2,818 $995,000 $970,000 3 3 0 1981 2,505 $989,500 $955,000 4 4 0 1979 2,361 $954,900 $922,000 4 4 1 1989 3,409 $905,000 $885,000 5 4 0 2005 3,163 $899,900 $850,000 5 4 0 1979 2,600 $899,500 $850,000 3 3 0 1979 2,515 $899,000 $875,000 4 4 0 1982 2,506 $869,000 $830,000 4 4 0 2000 3,000 $832,900 $810,000 3 3 1 1994 2,842 $775,000 $735,000 4 4 1 1998 2,749 $749,000 $727,500 4 4 0 1974 3,840 $735,000 $684,500 4 4 1 1988 3,160 $714,000 $680,000 3 3 0 1983 2,407 $699,000 $680,000 3 2 1 1990 2,521 $699,000 $675,000 4 3 1 1974 2,497 $679,000 $660,000 5 4 1 1998 2,894 $665,000 $610,000 3 2 0 2000 2,111 $649,000 $605,000 3 2 0 1976 1,820 $629,000 $570,000 3 3 0 1985 2,330 $489,000 $440,000 3 2 0 1982 1,958 $429,000 $425,000 3 3 1 1986 2,240 $399,000 $399,000 4 3 2 1973 3,648 $399,000 $376,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2017 and December 31, 2017
KEY TRENDS
Home Prices Up 6.54% Across the Country Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state. Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
KY 7.3% 8.7%
TX 7.1%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%)
“
DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN 5.6%
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
Waiting to move may end up costing you more!
GA 7.6%
LA 4.4% FL 8.1%
AK 3.1%
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
> 8.0%
”
Palmetto Dunes Home Listings STATUS SUB-AREA 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 Active Active Active Active Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side
ADDRESS
VIEW
12 Brigantine 9 Junket 11 Iron Clad 17 Armada 19 Armada 9 Promontory Court 5 Junket 164 Mooring Buoy 49 Mooring Buoy 176 Mooring Buoy 3 Junket 4 Ketch 4 Junket 1 Eastwind 3 Flotilla 44 Sea Lane 14 Port Tack 29 Port Tack 2 Lee Shore 7 Slack Tide 4 Catboat 9 High Water 1 Armada Street 144 Mooring Buoy 4 Full Sweep 5 Hunt Club Court 3 Eastwind 4 Galleon 142 Mooring Buoy 4 Ginger Beer Court 21 Swing About 58 Full Sweep 29 Swing About 12 Hunt Club Court 81 Port Tack 22 Heath Drive 10 Hunt Club Court 11 Saint George Road 29 Rum Row 37 Swing About 55 Sea Lane 35 Full Sweep 75 Port Tack 6 Topside 22 Promontory Court 12 Sea Lane 52 Off Shore 19 Cartgate Drive 56 Full Sweep 14 Heath Drive 44 Off Shore 6 Flotilla 39 Full Sweep 122 Mooring Buoy 10 Full Sweep 21 Full Sweep 12 Armada Street 8 Flotilla 10 Highrigger 11 Catboat 9 Iron Clad 11 Sea Lane 162 Mooring Buoy 159 Mooring Buoy 4 Brigantine 3 Galleon 6 Iron Clad 54 Mooring Buoy 1 Night Harbour 179 Mooring Buoy 48 Sea Lane 10 Strath Court 3 Lookout
Ocean Ocean Ocean Ocean Ocean Golf, Lagoon/Canal Ocean Landscape, Pool Golf, Lagoon/Canal Golf, Lagoon/Canal Wooded Ocean Landscape, Wooded Landscape Landscape Lagoon/Canal Golf, Lagoon Golf, Lagoon/Canal Wooded Golf, Lagoon/Canal Landscape, Pool Lagoon/Canal Wooded Pool, Wooded Lagoon/Canal, River Landscape, Pool Landscape, Wooded Landscape Landscape Landscape, Pool Lagoon/Canal, Pool Golf, Pool Lagoon/Canal, Pool Lagoon/Canal Lagoon/Canal Golf, Pool Lagoon/Canal Lagoon, River Golf Lagoon/Canal Golf, Lagoon/Canal Lake Lagoon/Canal Lake Pool, Wooded Lagoon/Canal Golf Wooded Golf, Pool Golf Golf, Landscape Landscape, Pool Lagoon/Canal, Lake Landscape Golf, Lagoon/Canal Lake, Pool Ocean Ocean Ocean Ocean Ocean Golf, Pool Ocean, Wooded Lagoon/Canal, Pool Ocean Ocean, Wooded Ocean, Pool Landscape Golf, Pool Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Golf, Lagoon/Canal
TOTAL YEAR APPROX. FULL BATHS HALF BATHS BEDROOMS BUILT SQ. FOOTAGE 6 5 1 1981 5,600 5 5 2 1994 4,956 6 7 2 1996 5,787 5 5 0 1992 4,916 4 4 1 1987 3,842 5 5 0 2007 5,019 6 6 1 1984 5,112 5 5 2 1979 3,680 6 7 0 2002 5,322 5 6 2 1980 4,561 5 5 1 1992 4,591 6 6 1 1992 4,022 4 4 0 1985 3,416 5 4 1 1984 3,038 5 5 0 1981 3,966 4 3 1 1984 2,680 4 3 1 1982 3,173 6 5 1 2003 5,802 5 5 0 1994 3,005 4 3 1 2003 3,263 5 5 0 1989 4,012 7 7 2 1987 4,604 3 3 0 1979 2,477 3 3 0 1973 2,132 4 3 0 1979 2,385 5 5 0 1999 3,870 3 3 0 1983 1,881 3 3 0 1981 2,252 3 4 0 1975 2,100 5 4 2 2000 3,968 4 4 0 2002 2,796 4 4 0 2002 2,785 4 3 0 1973 2,597 3 2 1 1980 2,025 3 3 0 1995 2,438 4 4 0 1981 2,500 4 4 0 1987 2,244 4 4 1 1983 3,435 3 3 0 1978 2,100 4 3 0 1983 2,430 3 3 0 1989 2,592 4 4 0 1987 2,843 3 2 1 1984 2,237 3 3 0 1989 2,452 3 2 1 1994 2,873 4 3 1 1982 2,512 3 2 1 1990 2,340 3 3 0 1995 1,956 3 2 0 1982 1,958 3 3 0 1981 2,078 3 2 0 1973 1,754 5 4 1 1990 3,292 4 4 1 2003 3,411 4 4 0 1970 2,648 4 2 1 1980 2,536 3 2 0 1980 2,034 5 5 2 2016 4,638 6 6 1 2002 5,885 5 5 1 1995 4,992 4 4 1 1971 5,342 6 6 2 1980 5,335 5 5 2 2005 7,056 5 4 2 1990 4,844 5 4 1 2016 4,144 6 6 2 2001 4,976 5 5 1 1993 5,701 6 6 1 1998 4,320 5 4 1 2013 3,624 6 6 1 1981 4,274 7 6 1 1998 5,158 6 4 1 1988 5,087 5 4 1 2001 3,308 7 6 1 2006 5,179
LIST PRICE CLOSE PRICE $4,395,000 $4,150,000 $3,995,000 $3,695,000 $3,250,000 $2,095,000 $1,999,000 $1,895,000 $1,895,000 $1,795,000 $1,695,000 $1,595,000 $1,495,000 $1,395,000 $1,395,000 $1,345,000 $1,325,000 $1,295,000 $1,225,000 $1,199,000 $1,195,000 $1,190,000 $1,175,000 $1,100,000 $1,049,000 $995,000 $995,000 $949,500 $895,000 $869,000 $799,500 $772,000 $759,500 $749,500 $749,000 $735,000 $730,000 $729,000 $725,000 $699,000 $659,000 $649,000 $649,000 $639,000 $629,000 $599,000 $579,000 $559,000 $559,000 $519,000 $329,900 $1,439,000 $899,900 $799,000 $727,900 $559,900 $4,500,000 $3,995,000 $3,895,000 $3,100,000 $2,995,000 $2,250,000 $1,995,000 $1,995,000 $1,795,000 $1,695,000 $1,650,000 $1,639,000 $1,399,000 $1,399,000 $1,349,000 $1,225,000 $1,199,900
----------------------------------------------------------------------------------------------------------------$4,235,000 $3,850,000 $3,500,000 $2,825,000 $2,750,000 $2,050,000 $1,770,000 $1,845,000 $1,680,000 $1,600,000 $1,585,000 $1,550,000 $1,287,500 $1,250,000 $1,260,000 $1,160,000 $1,225,000
STATUS SUB-AREA Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Mariners Side
ADDRESS
VIEW
5 Burns Court 34 Sea Lane 46 Haul Away 136 Mooring Buoy 42 Mooring Buoy 50 Haul Away 36 Starboard Tack 44 Mooring Buoy 18 Full Sweep 15 Promontory Court 75 Off Shore 5 Cockle Court 6 Flagg Road 40 Starboard Tack 3 Full Sweep 7 Ginger Beer Court 5 Off Shore 53 Full Sweep 3 Burns Court 8 Swing About 8 Saint George Road 12 Promontory Court 56 Full Sweep 56 Port Tack 84 Port Tack
Golf Lagoon/Canal Lagoon/Canal, Pool Pool, Wooded Landscape, Pool Lagoon/Canal Lagoon/Canal Landscape Golf, Lagoon/Canal Golf, Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Landscape, Pool Lagoon/Canal Lake, Pool Golf Lagoon/Canal Lake Landscape, Pool Golf, Pool Golf Landscape, Wooded Golf Lake Lagoon/Canal, Pool
TOTAL YEAR APPROX. FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS BUILT SQ. FOOTAGE 4 4 1 1992 3,236 $1,075,000 $970,000 5 3 1 1976 2,768 $995,000 $930,000 4 3 0 1999 2,818 $995,000 $970,000 3 3 0 1981 2,505 $989,500 $955,000 4 4 0 1979 2,361 $954,900 $922,000 4 4 1 1989 3,409 $905,000 $885,000 5 4 0 2005 3,163 $899,900 $850,000 5 4 0 1979 2,600 $899,500 $850,000 3 3 0 1979 2,515 $899,000 $875,000 4 4 0 1982 2,506 $869,000 $830,000 4 4 0 2000 3,000 $832,900 $810,000 3 3 1 1994 2,842 $775,000 $735,000 4 4 1 1998 2,749 $749,000 $727,500 4 4 0 1974 3,840 $735,000 $684,500 4 4 1 1988 3,160 $714,000 $680,000 3 3 0 1983 2,407 $699,000 $680,000 3 2 1 1990 2,521 $699,000 $675,000 4 3 1 1974 2,497 $679,000 $660,000 5 4 1 1998 2,894 $665,000 $610,000 3 2 0 2000 2,111 $649,000 $605,000 3 2 0 1976 1,820 $629,000 $570,000 3 3 0 1985 2,330 $489,000 $440,000 3 2 0 1982 1,958 $429,000 $425,000 3 3 1 1986 2,240 $399,000 $399,000 4 3 2 1973 3,648 $399,000 $376,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2017 and December 31, 2017
KEY TRENDS
Home Prices Up 6.54% Across the Country Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state. Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
KY 7.3% 8.7%
TX 7.1%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%)
“
DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN 5.6%
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
Waiting to move may end up costing you more!
GA 7.6%
LA 4.4% FL 8.1%
AK 3.1%
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
> 8.0%
”
THE STATE
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes
of the Palmetto Dunes Real Estate Market
January 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $965,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
2017 Year-End in Review
In Palmetto Dunes, 33 homes closed in 2017, very close to the 35 that closed in 2016. January through December’s total dollar volume was $46.814M, up significantly from the total volume of $37.896M in 2016. Supply and demand: as of January 3rd, 2018, there are 45 Palmetto Dunes homes listed for sale with an average of 3.17 homes selling per month over the last six months. That translates into a 14.20-month supply, considered by industry experts to be a buyer’s market. There are five homes under contract in Palmetto Dunes. In the lot realm, six lots closed in 2017, compared to 10 lots in the previous year. There is currently one lot under contract at this present time.
33
$970,000
94.45%
179
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 st Direct Oceanfront Views Await You! This beautiful 1 -floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your Palmetto Dunes 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.
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ACTIVE LISTINGS ON HILTON HEAD ISLAND
551 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales Year
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate on the Island.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.