THE STATE
C O S M O IN O G N
Our Portfolio of Fine Homes in Rose Hill
of the Rose Hill Real Estate Market
April 2018
KEY METRICS
First Quarter of 2018 in Review
In Rose Hill: Golf and Estate Side, 13 homes closed in the first quarter of 2018, which is almost the same amount as the 11 that closed during the same period last year. The first three months of 2018 total dollar volume was $5,596,955, close to $5,109,797 in 2017. Supply and demand: as of April 2nd, 2018, there are 20 Rose Hill: Golf and Estate Side homes listed for sale with an average of 3.5 homes selling per month over the last six months. That translates into a 5.71-month supply, considered by industry experts to be a buyer’s market. There are seven homes under contract in Rose Hill: Golf and Estate Side.
13
$366,950
95.47%
106
Total Sales
Median Price
Sale to List Price
Median Days on Market
Classic Regal Southern Estate With this truly exquisite Rose Hill retreat, “perfect” comes to mind as does “impeccable design”. Its truly stunning curb appeal, achieved by unique neo-classical architecture and a three-and-a-half acre lushly landscaped domain with wraparound lagoon, certainly sets the stage for an exquisite interior of superior quality. Step inside and be transported to another time and place all reminiscent of a bygone era of Southern sophistication. The estate features an open floor plan, massive and intricate millwork, Viking stainless steel appliances, hardwood floors and high ceilings. The master suite and bathroom boasts 1,050 square feet of luxury. An equestrian dream, this property has been approved for stable and horses and riding trails abound. 19 Martingale East, Rose Hill Plantation
4 Bedrooms | 4 Full & 3 Half Bathrooms | 9,620 Htd. SqFt • 3.2 Acres | $1,350,000
N M E A W R T K O E T
True Lowcountry Custom Home With a brick rocking chair front porch and sitting on 1.5 acres, this home boasts extensive millwork and architectural features throughout. It offers a great room with a coffered ceiling, a wood carved fireplace, a family room with bayed window, a large formal dining room, and a gourmet kitchen with custom cabinetry, gas cook top, granite counters, stainless steel appliances, and a double pantry with a huge windowed area. The master suite features a spa-like bath and large, custom walk-in closet. The second floor has two bedrooms with bathrooms, a loft area, and a huge bonus room. Additional touches include an oversized two-car garage and a huge laundry room. Entertain on the brick patio! 2 Rosebud Drive, Rose Hill Plantation 5 Bedrooms | 3.5 Bathrooms | 4,346 Htd. SqFt $685,000
COMMUNITY SPECIALIST
Thomas Kersey is your Rose Hill 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.
Thomas Kersey, 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 • 843-258-5597 Email • thomas.kersey@evusa.com Website • www.thomaskersey.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
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
724 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through March 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% from last year and is at an all-time high. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in real estate in our area.
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.
Rose Hill: Golf and Estate Side Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 76 Plantation House Drive Landscape, Pool 5 5 2 4,574 2001 $899,000 --Active 10 Hackamore Drive Landscape 4 3 1 4,288 1985 $898,000 --Active 20 Martingale E Wooded 4 3 3 5,486 1992 $895,000 --Active 6 Longview Lane Deep Water, Wooded 4 3 1 3,840 2000 $849,950 --Active 2 Amberly Landscape, Wooded 5 5 1 4,270 1991 $815,000 --Active 14 Ghost Pony Road Landscape 4 3 2 4,569 1995 $795,000 --Active 7 Kirk CT Landscape, Wooded 4 3 1 3,282 2002 $734,900 --Active 4 Windlass Court Lagoon 4 3 1 3,013 2017 $695,000 --Active 2 Rosebud Drive Landscape 4 3 1 4,346 1996 $685,000 --Active 38 Fairway Drive Golf 4 3 1 3,200 1990 $639,000 --Active 2 Mirabell Court Landscape 4 3 1 3,580 1996 $599,000 --Active 4 Mirabell Court Lake 4 3 0 3,233 2001 $579,000 --Active 204 Whiteoaks Circle Golf 4 3 1 3,682 2004 $499,000 --Active 234 Club Gate Golf 4 3 1 3,801 2007 $449,900 --Active 182 Sumter Square Lagoon 4 2 1 2,400 1999 $435,000 --Active 282 Club Gate Landscape 3 2 0 1,900 2018 $399,000 --Active 278 Club Gate Landscape 4 3 0 2,171 2017 $354,900 --Active 23 Sorrelwood Lane Lagoon 3 2 0 1,860 2001 $324,500 --Active 34 Sorrelwood Ln Landscape 3 2 0 1,676 2002 $299,900 --Active 2 Pipers Pond Road Golf, Lagoon 3 2 0 1,619 1998 $289,000 --Pending 53 Whiteoaks Circle Landscape 4 3 1 2,600 1999 $449,000 --Pending 9 Kirk Court Landscape 4 2 1 3,715 1996 $399,000 --Pending 10 Fair Hope Lane Landscape, Wooded 3 2 0 1,690 1996 $329,000 --Pending 18 Wood Eden Ln Golf, Lagoon 3 2 0 1,706 1995 $299,999 --Pending 18 Coventry Court Lagoon 3 2 0 1,874 1989 $299,000 --Pending 19 Coventry Court Golf, Lagoon 3 2 1 1,860 1989 $295,000 --Pending 4 Wood Eden Lane Lagoon 2 2 0 1,482 1983 $239,000 --Sold 3 Queen Crescent Landscape 4 4 1 5,257 2006 $1,249,000 $1,175,000 Sold 12 Greenwood Drive Golf 4 4 1 3,100 2017 $549,900 $525,000 Sold 25 Martingale E Lagoon, Wooded 4 3 2 4,255 1989 $510,000 $410,000 Sold 2 Sweetgum Lane Landscape 4 4 1 2,649 2017 $467,205 $460,000 Sold 39 Whiteoaks Circle Lagoon, Landscape 3 3 0 2,779 1991 $435,500 $424,000 Sold 5 Sorrelwood Lane Wooded 4 4 0 2,398 2017 $435,000 $435,000 Sold 34 Pipers Pond Road Golf 4 3 0 2,300 2004 $379,900 $366,950 Sold 36 Pipers Pond Road Golf 3 2 0 1,937 1992 $359,000 $340,000 Sold 17 Coventry Court Golf 3 2 0 1,948 1989 $349,000 $323,000 Sold 9 Fair Hope Lane Landscape, Wooded 3 2 1 2,014 1996 $320,000 $310,000 Sold 4 Crabtree Lane Landscape, Wooded 3 2 0 1,724 1995 $319,500 $298,000 Sold 244 Whiteoaks Circle Golf 3 2 2 1,870 1986 $285,000 $272,000 Sold 7 Fair Hope Lane Lagoon, Wooded 3 2 0 1,783 1997 $269,900 $258,000
Home Equity Growing Across America Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%)
KEY TRENDS
Rising Mortgage Rates Do Not Lead to Falling Home Prices
ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
NV 7.8%
UT 3.8%
CA 9.1%
AZ 6.0%
NE 3.9%
CO 5.2%
+11%
4.8%
KY 3.8%
WV 4.0%
PRICES* RATES
The graph on the right, based on data from the Insight Report, reveals what happened to home prices the last six times mortgage rates rose by at least 1%.
+3%
DC (3.7%)
2. You can also see that the equity in your house might be more than you think.
NC 3.8% SC 4.0%
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%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3% KS 3.9% OK 1.7%
NM 3.5%
IL 3.5%
OH 6.2%
IN 5.3%
6.6%
ME 8.1% NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8%
KY 5.6%
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%
TX 5.7%
NY 5.3%
MI 7.1%
MO 5.6%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK 1.6%
UNITED STATES 6.6%
+7%
They went on to reveal that the Freddie Mac National House Price Index is “unresponsive to movements in interest rates. In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
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%
TN
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%) RI (3.4%)
PA 4.6% OH 4.2%
IN
2.9%
OK 3.0%
6.3%
+13%
IL 4.8%
ME 5.7%
NY 4.8%
MI 6.0%
MO 4.6%
KS 4.1%
NM 3.7%
AZ
+13%
WI 4.1%
IA 4.1%
TX 2.1%
Source: Keeping Current Matters, March 2018
Many people believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. Freddie Mac published an Insight Report titled Nowhere to Go but Up? How Increasing Mortgage Rates Could Affect Housing and from that report they said:“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home...Because of this link, the financing costs of the existing mortgage are part of the homeowners decision of whether and when to move. Once financing costs for a new mortgage rise above the rate borrowers are paying for their current mortgage, borrowers would have to give up below-market financing to sell their home. Instead, they may choose to delay both the sale of their existing home and the purchase of a new home to maintain the advantageous financing.”
MN 3.4%
SD 3.5%
WY 3.1%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
KEY TRENDS
< 0.0% 0.0% to 1.9% 2.0% to 3.9%
+2%
4.0% to 5.9% HI 3.9%
10/1993 to 12/1994
01/1996 to 11/1996
10/1995 to 05/2005
06/2003 to 06/2004
06/2006 to 07/2006
11/2012 to 12/2013
+2.38%
+1.20%
+1.81%
+1.06%
+1.18%
+1.11%
*SEASONALLY ADJUSTED RATE BETWEEN START AND END DATES
> 6.0%
Rose Hill: Golf and Estate Side Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 76 Plantation House Drive Landscape, Pool 5 5 2 4,574 2001 $899,000 --Active 10 Hackamore Drive Landscape 4 3 1 4,288 1985 $898,000 --Active 20 Martingale E Wooded 4 3 3 5,486 1992 $895,000 --Active 6 Longview Lane Deep Water, Wooded 4 3 1 3,840 2000 $849,950 --Active 2 Amberly Landscape, Wooded 5 5 1 4,270 1991 $815,000 --Active 14 Ghost Pony Road Landscape 4 3 2 4,569 1995 $795,000 --Active 7 Kirk CT Landscape, Wooded 4 3 1 3,282 2002 $734,900 --Active 4 Windlass Court Lagoon 4 3 1 3,013 2017 $695,000 --Active 2 Rosebud Drive Landscape 4 3 1 4,346 1996 $685,000 --Active 38 Fairway Drive Golf 4 3 1 3,200 1990 $639,000 --Active 2 Mirabell Court Landscape 4 3 1 3,580 1996 $599,000 --Active 4 Mirabell Court Lake 4 3 0 3,233 2001 $579,000 --Active 204 Whiteoaks Circle Golf 4 3 1 3,682 2004 $499,000 --Active 234 Club Gate Golf 4 3 1 3,801 2007 $449,900 --Active 182 Sumter Square Lagoon 4 2 1 2,400 1999 $435,000 --Active 282 Club Gate Landscape 3 2 0 1,900 2018 $399,000 --Active 278 Club Gate Landscape 4 3 0 2,171 2017 $354,900 --Active 23 Sorrelwood Lane Lagoon 3 2 0 1,860 2001 $324,500 --Active 34 Sorrelwood Ln Landscape 3 2 0 1,676 2002 $299,900 --Active 2 Pipers Pond Road Golf, Lagoon 3 2 0 1,619 1998 $289,000 --Pending 53 Whiteoaks Circle Landscape 4 3 1 2,600 1999 $449,000 --Pending 9 Kirk Court Landscape 4 2 1 3,715 1996 $399,000 --Pending 10 Fair Hope Lane Landscape, Wooded 3 2 0 1,690 1996 $329,000 --Pending 18 Wood Eden Ln Golf, Lagoon 3 2 0 1,706 1995 $299,999 --Pending 18 Coventry Court Lagoon 3 2 0 1,874 1989 $299,000 --Pending 19 Coventry Court Golf, Lagoon 3 2 1 1,860 1989 $295,000 --Pending 4 Wood Eden Lane Lagoon 2 2 0 1,482 1983 $239,000 --Sold 3 Queen Crescent Landscape 4 4 1 5,257 2006 $1,249,000 $1,175,000 Sold 12 Greenwood Drive Golf 4 4 1 3,100 2017 $549,900 $525,000 Sold 25 Martingale E Lagoon, Wooded 4 3 2 4,255 1989 $510,000 $410,000 Sold 2 Sweetgum Lane Landscape 4 4 1 2,649 2017 $467,205 $460,000 Sold 39 Whiteoaks Circle Lagoon, Landscape 3 3 0 2,779 1991 $435,500 $424,000 Sold 5 Sorrelwood Lane Wooded 4 4 0 2,398 2017 $435,000 $435,000 Sold 34 Pipers Pond Road Golf 4 3 0 2,300 2004 $379,900 $366,950 Sold 36 Pipers Pond Road Golf 3 2 0 1,937 1992 $359,000 $340,000 Sold 17 Coventry Court Golf 3 2 0 1,948 1989 $349,000 $323,000 Sold 9 Fair Hope Lane Landscape, Wooded 3 2 1 2,014 1996 $320,000 $310,000 Sold 4 Crabtree Lane Landscape, Wooded 3 2 0 1,724 1995 $319,500 $298,000 Sold 244 Whiteoaks Circle Golf 3 2 2 1,870 1986 $285,000 $272,000 Sold 7 Fair Hope Lane Lagoon, Wooded 3 2 0 1,783 1997 $269,900 $258,000
Home Equity Growing Across America Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%)
KEY TRENDS
Rising Mortgage Rates Do Not Lead to Falling Home Prices
ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
NV 7.8%
UT 3.8%
CA 9.1%
AZ 6.0%
NE 3.9%
CO 5.2%
+11%
4.8%
KY 3.8%
WV 4.0%
PRICES* RATES
The graph on the right, based on data from the Insight Report, reveals what happened to home prices the last six times mortgage rates rose by at least 1%.
+3%
DC (3.7%)
2. You can also see that the equity in your house might be more than you think.
NC 3.8% SC 4.0%
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%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3% KS 3.9% OK 1.7%
NM 3.5%
IL 3.5%
OH 6.2%
IN 5.3%
6.6%
ME 8.1% NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8%
KY 5.6%
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%
TX 5.7%
NY 5.3%
MI 7.1%
MO 5.6%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK 1.6%
UNITED STATES 6.6%
+7%
They went on to reveal that the Freddie Mac National House Price Index is “unresponsive to movements in interest rates. In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
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%
TN
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%) RI (3.4%)
PA 4.6% OH 4.2%
IN
2.9%
OK 3.0%
6.3%
+13%
IL 4.8%
ME 5.7%
NY 4.8%
MI 6.0%
MO 4.6%
KS 4.1%
NM 3.7%
AZ
+13%
WI 4.1%
IA 4.1%
TX 2.1%
Source: Keeping Current Matters, March 2018
Many people believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. Freddie Mac published an Insight Report titled Nowhere to Go but Up? How Increasing Mortgage Rates Could Affect Housing and from that report they said:“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home...Because of this link, the financing costs of the existing mortgage are part of the homeowners decision of whether and when to move. Once financing costs for a new mortgage rise above the rate borrowers are paying for their current mortgage, borrowers would have to give up below-market financing to sell their home. Instead, they may choose to delay both the sale of their existing home and the purchase of a new home to maintain the advantageous financing.”
MN 3.4%
SD 3.5%
WY 3.1%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
KEY TRENDS
< 0.0% 0.0% to 1.9% 2.0% to 3.9%
+2%
4.0% to 5.9% HI 3.9%
10/1993 to 12/1994
01/1996 to 11/1996
10/1995 to 05/2005
06/2003 to 06/2004
06/2006 to 07/2006
11/2012 to 12/2013
+2.38%
+1.20%
+1.81%
+1.06%
+1.18%
+1.11%
*SEASONALLY ADJUSTED RATE BETWEEN START AND END DATES
> 6.0%
THE STATE
C O S M O IN O G N
Our Portfolio of Fine Homes in Rose Hill
of the Rose Hill Real Estate Market
April 2018
KEY METRICS
First Quarter of 2018 in Review
In Rose Hill: Golf and Estate Side, 13 homes closed in the first quarter of 2018, which is almost the same amount as the 11 that closed during the same period last year. The first three months of 2018 total dollar volume was $5,596,955, close to $5,109,797 in 2017. Supply and demand: as of April 2nd, 2018, there are 20 Rose Hill: Golf and Estate Side homes listed for sale with an average of 3.5 homes selling per month over the last six months. That translates into a 5.71-month supply, considered by industry experts to be a buyer’s market. There are seven homes under contract in Rose Hill: Golf and Estate Side.
13
$366,950
95.47%
106
Total Sales
Median Price
Sale to List Price
Median Days on Market
Classic Regal Southern Estate With this truly exquisite Rose Hill retreat, “perfect” comes to mind as does “impeccable design”. Its truly stunning curb appeal, achieved by unique neo-classical architecture and a three-and-a-half acre lushly landscaped domain with wraparound lagoon, certainly sets the stage for an exquisite interior of superior quality. Step inside and be transported to another time and place all reminiscent of a bygone era of Southern sophistication. The estate features an open floor plan, massive and intricate millwork, Viking stainless steel appliances, hardwood floors and high ceilings. The master suite and bathroom boasts 1,050 square feet of luxury. An equestrian dream, this property has been approved for stable and horses and riding trails abound. 19 Martingale East, Rose Hill Plantation
4 Bedrooms | 4 Full & 3 Half Bathrooms | 9,620 Htd. SqFt • 3.2 Acres | $1,350,000
N M E A W R T K O E T
True Lowcountry Custom Home With a brick rocking chair front porch and sitting on 1.5 acres, this home boasts extensive millwork and architectural features throughout. It offers a great room with a coffered ceiling, a wood carved fireplace, a family room with bayed window, a large formal dining room, and a gourmet kitchen with custom cabinetry, gas cook top, granite counters, stainless steel appliances, and a double pantry with a huge windowed area. The master suite features a spa-like bath and large, custom walk-in closet. The second floor has two bedrooms with bathrooms, a loft area, and a huge bonus room. Additional touches include an oversized two-car garage and a huge laundry room. Entertain on the brick patio! 2 Rosebud Drive, Rose Hill Plantation 5 Bedrooms | 3.5 Bathrooms | 4,346 Htd. SqFt $685,000
COMMUNITY SPECIALIST
Thomas Kersey is your Rose Hill 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.
Thomas Kersey, 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 • 843-258-5597 Email • thomas.kersey@evusa.com Website • www.thomaskersey.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
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
724 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through March 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% from last year and is at an all-time high. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in real estate in our area.
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.