THE STATE
N T
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes R PR O I V C E E M E
of the Palmetto Dunes Real Estate Market
IM
P
April 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $895,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
First Quarter of 2018 in Review
Palmetto Dunes’ first quarter of 2018 sales are slightly up from last year: 11 homes closed this year compared to the 10 homes which closed last year. The first quarter’s total dollar volume of homes sold in 2018 was $10,671,000, down from $14,187,500 in 2017. Supply and demand: there are currently 50 homes listed for sale with an average of 3.67 homes selling per month over the past three months. That translates into a 13.64-month supply, considered by industry experts to be a buyer’s market. As of April 1st, 2018, there were 12 homes pending/under contract. In the lot realm, one lot closed this year with one pending/under contract and 14 lots marketed for sale.
11
$820,000
92.66%
200
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 Direct Oceanfront Views Await You! This beautiful 1st-floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your 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
Hilton Head Is., SC
ACTIVE LISTINGS ON HILTON HEAD ISLAND
636 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through March 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
149
$470,000
2014
169
$485,000
2015
181
$531,000
2016
183
$500,000
2017
177
$520,000
2018
211
$532,000
In 2018 the Hilton Head Island housing market enjoyed its best first quarter 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 quarter are up to 211, a 19% increase from 2017. The median price is also up, 2.2% above the 2017 first quarter median price, but is still 28% 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 April 4, 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.
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 Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending 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 Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness 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 Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness 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 Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side
ADDRESS
VIEW
9 East Wind 12 Brigantine 9 High Rigger 11 Dinghy 11 Junket 9 Junket 17 Armada 19 Armada 6 Armada 1 Brigantine 9 Promontory Court 5 Junket 176 Mooring Buoy 4 Ketch 4 Junket 44 Sea Lane 29 Port Tack 25 Rum Row 2 Lee Shore 1 Eastwind 9 High Water 7 Saint George Road 4 Catboat 1 Armada Street 144 Mooring Buoy 19 Port Tack 5 Hunt Club Court 3 Eastwind 17 Port Tack 4 Galleon 29 Off Shore 5 Troon Drive 49 Off Shore 29 Swing About 12 Hunt Club Court 81 Port Tack 6 Cottage Court 10 Hunt Club Court 11 Saint George Road 5 Down Wind 56 Port Tack 44 Full Sweep 69 Port Tack 35 Full Sweep 55 Sea Lane 22 Promontory Court 3 Up Wind 51 Off Shore Drive 52 Off Shore 14 Heath Drive 11 Iron Clad 49 Mooring Buoy 3 Junket 2 Weather Shore 11 Promontory Court 4 Full Sweep 4 Haul Away 21 Swing About 12 Promontory Court 12 Sea Lane 19 Cartgate Drive 44 Off Shore 164 Mooring Buoy 6 Flotilla 6 Dinghy 5 Eastwind 161 Mooring Buoy 39 Full Sweep 4 Ginger Beer Court 122 Mooring Buoy 10 Full Sweep 29 Rum Row 21 Full Sweep
Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Wooded Landscape, Pool Golf, Lagoon Ocean Golf, Lagoon Ocean Landscape, Wooded Lagoon Golf, Lagoon Golf Wooded Landscape Lagoon Lagoon, Pool Landscape, Pool Wooded Pool, Wooded Golf, Lagoon Landscape, Pool Landscape, Wooded Golf, Lagoon Landscape Lagoon, Pool Pool Lagoon, Pool Lagoon, Pool Lagoon Lagoon Landscape Lagoon Lagoon, River Lagoon Lagoon Golf, Lagoon Lagoon Lake Golf, Lagoon Pool, Wooded Lake, Wooded Lake, Landscape Golf Golf Ocean Golf, Lagoon Wooded Landscape, Pool Golf, Lagoon Lagoon, River Lagoon Lagoon, Pool Landscape, Wooded Lagoon Wooded Golf, Landscape Landscape, Pool Landscape, Pool Landscape, Wooded Pool Lagoon Lagoon, Lake Landscape, Pool Landscape Golf, Lagoon Golf Lake, Pool
TOTAL YEAR APPROX. FULL BATHS HALF BATHS BEDROOMS BUILT SQ. FOOTAGE 6 6 1 2004 5,784 6 5 1 1981 5,600 5 6 0 1999 4,633 6 6 1 1989 4,560 6 7 1 1980 4,902 5 5 2 1994 4,956 5 5 0 1992 4,916 4 4 1 1987 3,842 6 6 1 2016 4,431 8 7 0 2003 5,130 5 5 0 2007 5,019 6 6 1 1984 5,112 5 6 2 1980 4,561 6 6 1 1992 4,022 4 4 0 1985 3,416 4 3 1 1984 2,680 6 5 1 2003 5,802 6 4 1 1991 4,032 5 5 0 1994 3,005 5 4 1 1984 3,038 7 6 1 1987 4,604 4 4 1 1997 3,065 5 5 0 1989 4,012 3 3 0 1979 2,477 3 3 0 1973 2,132 4 3 1 1972 3,239 5 5 0 1999 3,870 3 3 0 1983 1,881 3 3 0 1971 2,368 3 3 0 1981 2,252 4 4 1 1992 3,042 5 4 1 1996 2,093 4 4 0 1993 3,400 4 3 0 1973 2,597 3 2 1 1980 2,025 3 3 0 1995 2,438 4 3 0 1995 3,040 4 4 0 1987 2,244 4 4 1 1983 3,435 3 3 1 1981 2,260 3 3 1 1986 2,240 3 3 0 1980 2,347 3 2 1 1988 2,295 4 4 0 1987 2,843 3 3 0 1989 2,592 3 2 1 1994 2,873 4 3 0 1973 2,176 3 2 1 1985 2,058 3 2 1 1990 2,340 3 2 1 1981 2,078 6 7 2 1996 5,787 6 7 0 2002 5,322 5 5 1 1992 4,591 5 4 2 1990 3,654 5 4 1 1995 4,081 4 3 0 1979 2,385 5 4 1 2002 6,064 4 4 0 2002 2,796 3 2 1 1985 2,330 4 3 1 1982 2,512 3 3 0 1995 1,956 3 2 0 1973 1,754 5 5 2 1979 3,680 5 4 1 1990 3,292 4 4 1 1983 2,710 5 4 0 1980 2,854 5 5 0 1989 3,506 4 4 1 2003 3,411 5 4 2 2000 3,968 4 4 0 1970 2,648 4 2 1 1980 2,536 3 3 0 1978 2,100 3 2 0 1980 2,034
LIST PRICE CLOSE PRICE $4,495,000 $4,395,000 $4,395,000 $3,850,000 $3,795,000 $3,789,000 $3,695,000 $3,250,000 $2,795,000 $2,125,000 $2,095,000 $1,999,000 $1,749,500 $1,595,000 $1,495,000 $1,345,000 $1,295,000 $1,295,000 $1,225,000 $1,200,000 $1,200,000 $1,199,000 $1,170,000 $1,149,000 $1,100,000 $1,100,000 $999,000 $995,000 $950,000 $949,500 $899,997 $849,000 $794,900 $759,500 $749,500 $749,000 $732,000 $730,000 $729,000 $725,000 $725,000 $699,000 $685,000 $632,000 $629,000 $629,000 $598,400 $589,900 $564,000 $499,000 $3,950,000 $1,895,000 $1,695,000 $1,150,000 $1,095,000 $1,049,000 $999,900 $799,500 $629,000 $599,000 $559,000 $279,900 $1,895,000 $1,439,000 $1,295,000 $1,225,000 $1,150,000 $899,900 $869,000 $799,000 $727,900 $725,000 $559,900
----------------------------------------------------------------------------------------------------------------------------$1,737,500 $1,350,000 $1,200,000 $1,150,000 $1,078,500 $820,000 $750,000 $720,000 $710,000 $695,000 $460,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
Home Equity Growing Across America
KEY TRENDS
Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%) ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
UT 3.8%
CA 9.1%
AZ 6.0%
WI 4.1%
SD 3.5%
WY 3.1% NV 7.8%
MN 3.4%
IA 4.1%
NE 3.9%
CO 5.2%
KS 4.1%
RI (3.4%) PA 4.6% OH 4.2%
4.8%
KY 3.8% 2.9%
OK 3.0%
NM 3.7%
IL 4.8%
MO 4.6%
TX 2.1%
WV 4.0%
1. You can see that the real estate market is very strong across the whole country.
CT (6.1%) NJ (5.3%) DE (3.9%) MD (4.1%)
VA 4.1%
DC (3.7%)
2. You can also see that the equity in your house might be more than you think.
NC 3.8%
TN
SC 4.0%
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%)
NY 4.8%
MI 6.0% IN
ME 5.7%
AL 4.4%
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 3.8%
LA 2.6% FL 6.4%
AK 4.7%
UNITED STATES 4.3%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 5.1%
> 6.0%
Actual Year Over Year % Change in Price by State WA 12.0%
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3%
OK 1.7%
NM 3.5%
MI 7.1%
IL 3.5%
5.3%
KY 5.6% 6.6%
TX 5.7%
WV 5.0%
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%) DC (2.5%)
NC 5.5%
TN
SC 5.3%
AR 3.5% MS 3.8%
NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8% OH 6.2%
IN
MO 5.6%
KS 3.9%
NY 5.3%
ME 8.1%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK 1.6%
UNITED STATES 6.6%
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 3.9%
> 6.0%
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 Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending 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 Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness 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 Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness 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 Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side
ADDRESS
VIEW
9 East Wind 12 Brigantine 9 High Rigger 11 Dinghy 11 Junket 9 Junket 17 Armada 19 Armada 6 Armada 1 Brigantine 9 Promontory Court 5 Junket 176 Mooring Buoy 4 Ketch 4 Junket 44 Sea Lane 29 Port Tack 25 Rum Row 2 Lee Shore 1 Eastwind 9 High Water 7 Saint George Road 4 Catboat 1 Armada Street 144 Mooring Buoy 19 Port Tack 5 Hunt Club Court 3 Eastwind 17 Port Tack 4 Galleon 29 Off Shore 5 Troon Drive 49 Off Shore 29 Swing About 12 Hunt Club Court 81 Port Tack 6 Cottage Court 10 Hunt Club Court 11 Saint George Road 5 Down Wind 56 Port Tack 44 Full Sweep 69 Port Tack 35 Full Sweep 55 Sea Lane 22 Promontory Court 3 Up Wind 51 Off Shore Drive 52 Off Shore 14 Heath Drive 11 Iron Clad 49 Mooring Buoy 3 Junket 2 Weather Shore 11 Promontory Court 4 Full Sweep 4 Haul Away 21 Swing About 12 Promontory Court 12 Sea Lane 19 Cartgate Drive 44 Off Shore 164 Mooring Buoy 6 Flotilla 6 Dinghy 5 Eastwind 161 Mooring Buoy 39 Full Sweep 4 Ginger Beer Court 122 Mooring Buoy 10 Full Sweep 29 Rum Row 21 Full Sweep
Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Wooded Landscape, Pool Golf, Lagoon Ocean Golf, Lagoon Ocean Landscape, Wooded Lagoon Golf, Lagoon Golf Wooded Landscape Lagoon Lagoon, Pool Landscape, Pool Wooded Pool, Wooded Golf, Lagoon Landscape, Pool Landscape, Wooded Golf, Lagoon Landscape Lagoon, Pool Pool Lagoon, Pool Lagoon, Pool Lagoon Lagoon Landscape Lagoon Lagoon, River Lagoon Lagoon Golf, Lagoon Lagoon Lake Golf, Lagoon Pool, Wooded Lake, Wooded Lake, Landscape Golf Golf Ocean Golf, Lagoon Wooded Landscape, Pool Golf, Lagoon Lagoon, River Lagoon Lagoon, Pool Landscape, Wooded Lagoon Wooded Golf, Landscape Landscape, Pool Landscape, Pool Landscape, Wooded Pool Lagoon Lagoon, Lake Landscape, Pool Landscape Golf, Lagoon Golf Lake, Pool
TOTAL YEAR APPROX. FULL BATHS HALF BATHS BEDROOMS BUILT SQ. FOOTAGE 6 6 1 2004 5,784 6 5 1 1981 5,600 5 6 0 1999 4,633 6 6 1 1989 4,560 6 7 1 1980 4,902 5 5 2 1994 4,956 5 5 0 1992 4,916 4 4 1 1987 3,842 6 6 1 2016 4,431 8 7 0 2003 5,130 5 5 0 2007 5,019 6 6 1 1984 5,112 5 6 2 1980 4,561 6 6 1 1992 4,022 4 4 0 1985 3,416 4 3 1 1984 2,680 6 5 1 2003 5,802 6 4 1 1991 4,032 5 5 0 1994 3,005 5 4 1 1984 3,038 7 6 1 1987 4,604 4 4 1 1997 3,065 5 5 0 1989 4,012 3 3 0 1979 2,477 3 3 0 1973 2,132 4 3 1 1972 3,239 5 5 0 1999 3,870 3 3 0 1983 1,881 3 3 0 1971 2,368 3 3 0 1981 2,252 4 4 1 1992 3,042 5 4 1 1996 2,093 4 4 0 1993 3,400 4 3 0 1973 2,597 3 2 1 1980 2,025 3 3 0 1995 2,438 4 3 0 1995 3,040 4 4 0 1987 2,244 4 4 1 1983 3,435 3 3 1 1981 2,260 3 3 1 1986 2,240 3 3 0 1980 2,347 3 2 1 1988 2,295 4 4 0 1987 2,843 3 3 0 1989 2,592 3 2 1 1994 2,873 4 3 0 1973 2,176 3 2 1 1985 2,058 3 2 1 1990 2,340 3 2 1 1981 2,078 6 7 2 1996 5,787 6 7 0 2002 5,322 5 5 1 1992 4,591 5 4 2 1990 3,654 5 4 1 1995 4,081 4 3 0 1979 2,385 5 4 1 2002 6,064 4 4 0 2002 2,796 3 2 1 1985 2,330 4 3 1 1982 2,512 3 3 0 1995 1,956 3 2 0 1973 1,754 5 5 2 1979 3,680 5 4 1 1990 3,292 4 4 1 1983 2,710 5 4 0 1980 2,854 5 5 0 1989 3,506 4 4 1 2003 3,411 5 4 2 2000 3,968 4 4 0 1970 2,648 4 2 1 1980 2,536 3 3 0 1978 2,100 3 2 0 1980 2,034
LIST PRICE CLOSE PRICE $4,495,000 $4,395,000 $4,395,000 $3,850,000 $3,795,000 $3,789,000 $3,695,000 $3,250,000 $2,795,000 $2,125,000 $2,095,000 $1,999,000 $1,749,500 $1,595,000 $1,495,000 $1,345,000 $1,295,000 $1,295,000 $1,225,000 $1,200,000 $1,200,000 $1,199,000 $1,170,000 $1,149,000 $1,100,000 $1,100,000 $999,000 $995,000 $950,000 $949,500 $899,997 $849,000 $794,900 $759,500 $749,500 $749,000 $732,000 $730,000 $729,000 $725,000 $725,000 $699,000 $685,000 $632,000 $629,000 $629,000 $598,400 $589,900 $564,000 $499,000 $3,950,000 $1,895,000 $1,695,000 $1,150,000 $1,095,000 $1,049,000 $999,900 $799,500 $629,000 $599,000 $559,000 $279,900 $1,895,000 $1,439,000 $1,295,000 $1,225,000 $1,150,000 $899,900 $869,000 $799,000 $727,900 $725,000 $559,900
----------------------------------------------------------------------------------------------------------------------------$1,737,500 $1,350,000 $1,200,000 $1,150,000 $1,078,500 $820,000 $750,000 $720,000 $710,000 $695,000 $460,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
Home Equity Growing Across America
KEY TRENDS
Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%) ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
UT 3.8%
CA 9.1%
AZ 6.0%
WI 4.1%
SD 3.5%
WY 3.1% NV 7.8%
MN 3.4%
IA 4.1%
NE 3.9%
CO 5.2%
KS 4.1%
RI (3.4%) PA 4.6% OH 4.2%
4.8%
KY 3.8% 2.9%
OK 3.0%
NM 3.7%
IL 4.8%
MO 4.6%
TX 2.1%
WV 4.0%
1. You can see that the real estate market is very strong across the whole country.
CT (6.1%) NJ (5.3%) DE (3.9%) MD (4.1%)
VA 4.1%
DC (3.7%)
2. You can also see that the equity in your house might be more than you think.
NC 3.8%
TN
SC 4.0%
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%)
NY 4.8%
MI 6.0% IN
ME 5.7%
AL 4.4%
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 3.8%
LA 2.6% FL 6.4%
AK 4.7%
UNITED STATES 4.3%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 5.1%
> 6.0%
Actual Year Over Year % Change in Price by State WA 12.0%
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3%
OK 1.7%
NM 3.5%
MI 7.1%
IL 3.5%
5.3%
KY 5.6% 6.6%
TX 5.7%
WV 5.0%
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%) DC (2.5%)
NC 5.5%
TN
SC 5.3%
AR 3.5% MS 3.8%
NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8% OH 6.2%
IN
MO 5.6%
KS 3.9%
NY 5.3%
ME 8.1%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK 1.6%
UNITED STATES 6.6%
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 3.9%
> 6.0%
THE STATE
N T
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes R PR O I V C E E M E
of the Palmetto Dunes Real Estate Market
IM
P
April 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $895,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
First Quarter of 2018 in Review
Palmetto Dunes’ first quarter of 2018 sales are slightly up from last year: 11 homes closed this year compared to the 10 homes which closed last year. The first quarter’s total dollar volume of homes sold in 2018 was $10,671,000, down from $14,187,500 in 2017. Supply and demand: there are currently 50 homes listed for sale with an average of 3.67 homes selling per month over the past three months. That translates into a 13.64-month supply, considered by industry experts to be a buyer’s market. As of April 1st, 2018, there were 12 homes pending/under contract. In the lot realm, one lot closed this year with one pending/under contract and 14 lots marketed for sale.
11
$820,000
92.66%
200
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 Direct Oceanfront Views Await You! This beautiful 1st-floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your 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
Hilton Head Is., SC
ACTIVE LISTINGS ON HILTON HEAD ISLAND
636 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through March 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
149
$470,000
2014
169
$485,000
2015
181
$531,000
2016
183
$500,000
2017
177
$520,000
2018
211
$532,000
In 2018 the Hilton Head Island housing market enjoyed its best first quarter 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 quarter are up to 211, a 19% increase from 2017. The median price is also up, 2.2% above the 2017 first quarter median price, but is still 28% 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 April 4, 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.