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
June 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $875,000
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 Five Months of 2018 in Review
Palmetto Dunes’ first five month of 2018 sales are up slightly from last year: 29 homes closed this year compared to 15 homes which closed last year. The first quarter’s total dollar volume of homes sold in 2018 was $28,517,650, up from $20,598,500 in 2017. Supply and demand: there are currently 55 homes listed for sale with an average of 5.8 homes selling per month over the past five months. That translates into a 9.86-month supply, considered by industry experts to be a buyer’s market. As of June 3rd, 2018, there were six homes pending/under contract. In the lot realm, four lots closed in the first five months of 2018 with one pending/under contract and 11 lots marketed for sale.
29
$810,000
93.98%
178
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
627 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
320
$473,000
2014
315
$495,000
2015
350
$533,000
2016
351
$510,000
2017
351
$548,000
2018
431
$543,000
In 2018 the Hilton Head Island housing market enjoyed its best first five 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 five months are up to 431, a 23% increase from 2017. Essentially, home prices on the Island have remained flat for the last two years but are up significantly compared to 2016. 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 June 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 Active Active Active Active Active Active 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 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 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 Inverness Side Inverness Side Inverness Side Inverness Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners 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 Mariners Side Mariners Side Inverness Side Inverness Side Inverness Side Inverness Side Inverness Side Inverness Side
ADDRESS 13 Brigantine 8 Galleon 8 Man O War 9 Cat Boat 9 East Wind 12 Brigantine 9 High Rigger 11 Dinghy 11 Junket 9 Junket 17 Armada 8 Night Harbour 19 Armada 6 Armada 1 Brigantine 9 Promontory Court 5 Junket 113 Mooring Buoy 176 Mooring Buoy 39 Port Tack 4 Junket 25 Rum Row 29 Port Tack 2 Lee Shore 24 Mooring Buoy 4 Iron Clad 4 Catboat 1 Armada Street 144 Mooring Buoy 19 Port Tack 3 Eastwind 17 Port Tack 4 Galleon 29 Off Shore 20 Port Tack 2 High Water 49 Off Shore 81 Port Tack 10 Hunt Club Court 5 Down Wind 29 Swing About 69 Port Tack 44 Full Sweep 55 Sea Lane 35 Full Sweep 6 Topside 15 Off Shore 3 Up Wind 51 Off Shore Drive 52 Off Shore 7 Saint George Road 5 Hunt Club Court 11 Saint George Road 41 Saint George Road 14 Promontory Ct 22 Promontory Court 49 Mooring Buoy 4 Ketch 1 Eastwind 87 Mooring Buoy 32 Off Shore 6 Cottage Court 11 Iron Clad 164 Mooring Buoy 3 Junket 6 Flotilla 44 Sea Lane 6 Dinghy 5 Eastwind 2 Weather Shore 9 High Water 161 Mooring Buoy 4 Haul Away 4 Full Sweep 39 Full Sweep 142 Mooring Buoy 21 Swing About 122 Mooring Buoy 10 Full Sweep 56 Port Tack 29 Rum Row 12 Hunt Club Court 12 Sea Lane 21 Full Sweep 44 Off Shore 11 Promontory Court 5 Troon Drive 4 Ginger Beer Court 12 Promontory Court 19 Cartgate Drive 14 Heath Drive
VIEW Ocean, Pool Ocean, Tennis Court Ocean, Pool Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Wooded Landscape, Pool Golf, Lagoon Ocean Lagoon Golf, Lagoon Golf, Lagoon Landscape, Wooded Golf Golf, Lagoon Wooded Landscape, Wooded Landscape, Ocean Landscape, Pool Wooded Pool, Wooded Golf, Lagoon Landscape, Wooded Golf, Lagoon Landscape Lagoon, Pool Lagoon Landscape, Pool Lagoon, Pool Lagoon Lagoon Lagoon Lagoon, Pool Lagoon Golf, Lagoon Golf, Lagoon Lake Lake Lagoon Lake, Wooded Lake, Landscape Golf Lagoon, Pool Landscape, Pool Lagoon, River Landscape Landscape, Pool Pool, Wooded Golf, Lagoon Ocean Landscape Pool, Wooded Golf Landscape Ocean Landscape, Pool Wooded Landscape, Pool Lagoon Landscape, Wooded Pool Landscape, Pool Lagoon Lagoon Lagoon Lagoon, River Lagoon, Lake Wooded Lagoon, Pool Landscape Golf, Lagoon Lagoon Golf Lagoon Lagoon Lake, Pool Golf, Landscape Golf, Lagoon Pool Landscape, Pool Landscape, Wooded Wooded Golf
TOTAL APPROX. FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE 4 6 1 2007 7,365 7 7 1 1978 3,100 6 6 2 2005 5,940 5 5 3 2004 5,500 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 5 5 1 1994 3,700 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 5 1 1984 3,189 5 6 2 1980 4,561 4 4 0 1999 3,671 4 4 0 1985 3,416 6 4 1 1991 4,032 6 5 1 2003 5,802 5 5 0 1994 3,005 4 3 0 1994 2,656 3 2 1 1989 2,408 5 5 0 1989 4,012 3 3 0 1979 2,477 3 3 0 1973 2,132 4 3 1 1972 3,239 3 3 0 1983 1,881 3 3 0 1971 2,368 3 3 0 1981 2,252 4 4 1 1992 3,042 3 3 0 1973 2,702 4 5 0 1980 5,047 4 4 0 1993 3,400 3 3 0 1995 2,438 4 4 0 1987 2,244 3 3 1 1981 2,260 4 3 0 1973 2,597 3 2 1 1988 2,295 3 3 0 1980 2,347 3 3 0 1989 2,592 4 4 0 1987 2,843 3 3 0 1989 2,452 5 4 1 1973 2,742 4 3 0 1973 2,176 3 2 1 1985 2,058 3 2 1 1990 2,340 4 4 1 1997 3,065 5 5 0 1999 3,870 4 4 1 1983 3,435 3 3 0 1985 3,449 3 3 1 1999 2,538 3 2 1 1994 2,873 6 7 0 2002 5,322 6 6 1 1992 4,022 5 4 1 1984 3,038 4 4 0 1986 2,750 3 2 1 1986 1,818 4 3 0 1995 3,040 6 7 2 1996 5,787 5 5 2 1979 3,680 5 5 1 1992 4,591 5 4 1 1990 3,292 4 3 1 1984 2,680 4 4 1 1983 2,710 5 4 0 1980 2,854 5 4 2 1990 3,654 7 6 1 1987 4,604 5 5 0 1989 3,506 5 4 1 2002 6,064 4 3 0 1979 2,385 4 4 1 2003 3,411 3 4 0 1975 2,100 4 4 0 2002 2,796 4 4 0 1970 2,648 4 2 1 1980 2,536 3 3 1 1986 2,240 3 3 0 1978 2,100 3 2 1 1980 2,025 4 3 1 1982 2,512 3 2 0 1980 2,034 3 2 0 1973 1,754 5 4 1 1995 4,081 5 4 1 1996 2,644 5 4 2 2000 3,968 3 2 1 1985 2,330 3 3 0 1995 1,956 3 2 1 1981 2,078
LIST PRICE CLOSE PRICE $8,995,000 $5,495,000 $4,695,000 $4,599,000 $4,495,000 $4,395,000 $3,995,000 $3,850,000 $3,795,000 $3,789,000 $3,695,000 $3,390,000 $3,250,000 $2,795,000 $2,125,000 $2,095,000 $1,999,000 $1,825,000 $1,749,500 $1,400,000 $1,395,000 $1,259,000 $1,245,000 $1,225,000 $1,199,000 $1,195,000 $1,156,000 $1,149,000 $1,100,000 $1,100,000 $995,000 $950,000 $949,500 $899,997 $875,000 $795,000 $794,900 $735,000 $730,000 $725,000 $724,500 $685,000 $675,000 $629,000 $625,000 $605,000 $599,900 $598,400 $529,900 $525,000 $1,125,000 $999,000 $729,000 $729,000 $675,000 $629,000 $1,895,000 $1,445,000 $1,100,000 $1,075,000 $489,000 $715,000 $3,950,000 $1,895,000 $1,695,000 $1,439,000 $1,345,000 $1,295,000 $1,225,000 $1,150,000 $1,200,000 $1,150,000 $999,900 $1,049,000 $899,900 $799,000 $799,500 $799,000 $727,900 $725,000 $725,000 $749,500 $599,000 $559,900 $279,900 $1,095,000 $849,000 $869,000 $629,000 $559,000 $499,000
----------------------------------------------------------------------------------------------------------------------------$3,755,000 $1,737,500 $1,530,000 $1,350,000 $1,245,000 $1,200,000 $1,150,000 $1,100,000 $1,100,000 $1,078,500 $1,001,000 $985,000 $820,000 $799,000 $762,500 $710,000 $710,000 $702,500 $695,000 $670,000 $535,000 $460,000 $286,650 $1,095,000 $810,000 $750,000 $580,000 $450,000 $450,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
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 Active Active Active Active Active 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 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 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 Inverness Side Inverness Side Inverness Side Inverness Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners 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 Mariners Side Mariners Side Inverness Side Inverness Side Inverness Side Inverness Side Inverness Side Inverness Side
ADDRESS 13 Brigantine 8 Galleon 8 Man O War 9 Cat Boat 9 East Wind 12 Brigantine 9 High Rigger 11 Dinghy 11 Junket 9 Junket 17 Armada 8 Night Harbour 19 Armada 6 Armada 1 Brigantine 9 Promontory Court 5 Junket 113 Mooring Buoy 176 Mooring Buoy 39 Port Tack 4 Junket 25 Rum Row 29 Port Tack 2 Lee Shore 24 Mooring Buoy 4 Iron Clad 4 Catboat 1 Armada Street 144 Mooring Buoy 19 Port Tack 3 Eastwind 17 Port Tack 4 Galleon 29 Off Shore 20 Port Tack 2 High Water 49 Off Shore 81 Port Tack 10 Hunt Club Court 5 Down Wind 29 Swing About 69 Port Tack 44 Full Sweep 55 Sea Lane 35 Full Sweep 6 Topside 15 Off Shore 3 Up Wind 51 Off Shore Drive 52 Off Shore 7 Saint George Road 5 Hunt Club Court 11 Saint George Road 41 Saint George Road 14 Promontory Ct 22 Promontory Court 49 Mooring Buoy 4 Ketch 1 Eastwind 87 Mooring Buoy 32 Off Shore 6 Cottage Court 11 Iron Clad 164 Mooring Buoy 3 Junket 6 Flotilla 44 Sea Lane 6 Dinghy 5 Eastwind 2 Weather Shore 9 High Water 161 Mooring Buoy 4 Haul Away 4 Full Sweep 39 Full Sweep 142 Mooring Buoy 21 Swing About 122 Mooring Buoy 10 Full Sweep 56 Port Tack 29 Rum Row 12 Hunt Club Court 12 Sea Lane 21 Full Sweep 44 Off Shore 11 Promontory Court 5 Troon Drive 4 Ginger Beer Court 12 Promontory Court 19 Cartgate Drive 14 Heath Drive
VIEW Ocean, Pool Ocean, Tennis Court Ocean, Pool Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Wooded Landscape, Pool Golf, Lagoon Ocean Lagoon Golf, Lagoon Golf, Lagoon Landscape, Wooded Golf Golf, Lagoon Wooded Landscape, Wooded Landscape, Ocean Landscape, Pool Wooded Pool, Wooded Golf, Lagoon Landscape, Wooded Golf, Lagoon Landscape Lagoon, Pool Lagoon Landscape, Pool Lagoon, Pool Lagoon Lagoon Lagoon Lagoon, Pool Lagoon Golf, Lagoon Golf, Lagoon Lake Lake Lagoon Lake, Wooded Lake, Landscape Golf Lagoon, Pool Landscape, Pool Lagoon, River Landscape Landscape, Pool Pool, Wooded Golf, Lagoon Ocean Landscape Pool, Wooded Golf Landscape Ocean Landscape, Pool Wooded Landscape, Pool Lagoon Landscape, Wooded Pool Landscape, Pool Lagoon Lagoon Lagoon Lagoon, River Lagoon, Lake Wooded Lagoon, Pool Landscape Golf, Lagoon Lagoon Golf Lagoon Lagoon Lake, Pool Golf, Landscape Golf, Lagoon Pool Landscape, Pool Landscape, Wooded Wooded Golf
TOTAL APPROX. FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE 4 6 1 2007 7,365 7 7 1 1978 3,100 6 6 2 2005 5,940 5 5 3 2004 5,500 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 5 5 1 1994 3,700 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 5 1 1984 3,189 5 6 2 1980 4,561 4 4 0 1999 3,671 4 4 0 1985 3,416 6 4 1 1991 4,032 6 5 1 2003 5,802 5 5 0 1994 3,005 4 3 0 1994 2,656 3 2 1 1989 2,408 5 5 0 1989 4,012 3 3 0 1979 2,477 3 3 0 1973 2,132 4 3 1 1972 3,239 3 3 0 1983 1,881 3 3 0 1971 2,368 3 3 0 1981 2,252 4 4 1 1992 3,042 3 3 0 1973 2,702 4 5 0 1980 5,047 4 4 0 1993 3,400 3 3 0 1995 2,438 4 4 0 1987 2,244 3 3 1 1981 2,260 4 3 0 1973 2,597 3 2 1 1988 2,295 3 3 0 1980 2,347 3 3 0 1989 2,592 4 4 0 1987 2,843 3 3 0 1989 2,452 5 4 1 1973 2,742 4 3 0 1973 2,176 3 2 1 1985 2,058 3 2 1 1990 2,340 4 4 1 1997 3,065 5 5 0 1999 3,870 4 4 1 1983 3,435 3 3 0 1985 3,449 3 3 1 1999 2,538 3 2 1 1994 2,873 6 7 0 2002 5,322 6 6 1 1992 4,022 5 4 1 1984 3,038 4 4 0 1986 2,750 3 2 1 1986 1,818 4 3 0 1995 3,040 6 7 2 1996 5,787 5 5 2 1979 3,680 5 5 1 1992 4,591 5 4 1 1990 3,292 4 3 1 1984 2,680 4 4 1 1983 2,710 5 4 0 1980 2,854 5 4 2 1990 3,654 7 6 1 1987 4,604 5 5 0 1989 3,506 5 4 1 2002 6,064 4 3 0 1979 2,385 4 4 1 2003 3,411 3 4 0 1975 2,100 4 4 0 2002 2,796 4 4 0 1970 2,648 4 2 1 1980 2,536 3 3 1 1986 2,240 3 3 0 1978 2,100 3 2 1 1980 2,025 4 3 1 1982 2,512 3 2 0 1980 2,034 3 2 0 1973 1,754 5 4 1 1995 4,081 5 4 1 1996 2,644 5 4 2 2000 3,968 3 2 1 1985 2,330 3 3 0 1995 1,956 3 2 1 1981 2,078
LIST PRICE CLOSE PRICE $8,995,000 $5,495,000 $4,695,000 $4,599,000 $4,495,000 $4,395,000 $3,995,000 $3,850,000 $3,795,000 $3,789,000 $3,695,000 $3,390,000 $3,250,000 $2,795,000 $2,125,000 $2,095,000 $1,999,000 $1,825,000 $1,749,500 $1,400,000 $1,395,000 $1,259,000 $1,245,000 $1,225,000 $1,199,000 $1,195,000 $1,156,000 $1,149,000 $1,100,000 $1,100,000 $995,000 $950,000 $949,500 $899,997 $875,000 $795,000 $794,900 $735,000 $730,000 $725,000 $724,500 $685,000 $675,000 $629,000 $625,000 $605,000 $599,900 $598,400 $529,900 $525,000 $1,125,000 $999,000 $729,000 $729,000 $675,000 $629,000 $1,895,000 $1,445,000 $1,100,000 $1,075,000 $489,000 $715,000 $3,950,000 $1,895,000 $1,695,000 $1,439,000 $1,345,000 $1,295,000 $1,225,000 $1,150,000 $1,200,000 $1,150,000 $999,900 $1,049,000 $899,900 $799,000 $799,500 $799,000 $727,900 $725,000 $725,000 $749,500 $599,000 $559,900 $279,900 $1,095,000 $849,000 $869,000 $629,000 $559,000 $499,000
----------------------------------------------------------------------------------------------------------------------------$3,755,000 $1,737,500 $1,530,000 $1,350,000 $1,245,000 $1,200,000 $1,150,000 $1,100,000 $1,100,000 $1,078,500 $1,001,000 $985,000 $820,000 $799,000 $762,500 $710,000 $710,000 $702,500 $695,000 $670,000 $535,000 $460,000 $286,650 $1,095,000 $810,000 $750,000 $580,000 $450,000 $450,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
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
June 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $875,000
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 Five Months of 2018 in Review
Palmetto Dunes’ first five month of 2018 sales are up slightly from last year: 29 homes closed this year compared to 15 homes which closed last year. The first quarter’s total dollar volume of homes sold in 2018 was $28,517,650, up from $20,598,500 in 2017. Supply and demand: there are currently 55 homes listed for sale with an average of 5.8 homes selling per month over the past five months. That translates into a 9.86-month supply, considered by industry experts to be a buyer’s market. As of June 3rd, 2018, there were six homes pending/under contract. In the lot realm, four lots closed in the first five months of 2018 with one pending/under contract and 11 lots marketed for sale.
29
$810,000
93.98%
178
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
627 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
320
$473,000
2014
315
$495,000
2015
350
$533,000
2016
351
$510,000
2017
351
$548,000
2018
431
$543,000
In 2018 the Hilton Head Island housing market enjoyed its best first five 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 five months are up to 431, a 23% increase from 2017. Essentially, home prices on the Island have remained flat for the last two years but are up significantly compared to 2016. 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 June 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.