THE STATE of the Rose Hill Real Estate Market
July 2018
KEY METRICS
First Six Months of 2018 in Review
In Rose Hill: Golf and Estate Side, 22 homes closed in the first six months of 2018, compared to 27 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $8,542,950, down compared to $10,886,805 during the same period last year. Supply and demand: as of July 3rd, 2018, there are 26 Rose Hill homes listed for sale with an average of 3.67 homes selling per month over the last six months. That translates into a 7.08-month supply, considered by industry experts to be a buyer’s market. There are six homes under contract in Rose Hill. In addition, there are currently 20 lots for sale in Rose Hill. 11 have sold in the last six months and one is under contract.
22
$331,500
95.67%
124
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
725 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through June 30 for Each Year
Year
Number of Homes Sold
Median Price
2013
737
$225,000
2014
683
$246,000
2015
800
$258,000
2016
954
$275,000
2017
1,017
$289,000
2018
1,140
$300,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first half of the year, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first half home sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 571 sales. As you can see in the chart to the left, in first half of 2018 1,140 homes were sold, doubling the pre-recession peak. As the demand for Greater Bluffton continues to outpace supply, the median price has risen 3.8% 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 July 5, 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 FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 5 Ghost Pony Road Wooded 8 9 1 10,500 2002 $1,400,000 --Active 19 Martingale E Lagoon 4 7 3 9,620 1994 $1,350,000 --Active 76 Plantation House Drive Landscape, Pool 5 7 2 4,574 2001 $899,000 --Active 10 Hackamore Drive Landscape 4 4 1 4,288 1985 $898,000 --Active 20 Martingale E Wooded 4 6 3 5,486 1992 $895,000 --Active 6 Longview Lane Deep Water, Wooded 4 4 1 3,840 2000 $799,900 --Active 2 Amberly Landscape, Wooded 5 6 1 4,270 1991 $780,000 --Active 197 Rose Hill Way Lagoon 4 4 1 3,737 2005 $739,000 --Active 9 Kirk Court Landscape, Wooded 4 5 1 3,715 1996 $699,900 --Active 9 Belfair Point Drive Marsh 4 4 1 3,514 1999 $699,000 --Active 2 Rosebud Drive Landscape 4 4 1 4,346 1996 $675,000 --Active 16 Rosebud Drive Lagoon, Wooded 4 4 1 3,383 2001 $659,000 --Active 38 Fairway Drive Golf 4 4 1 3,200 1990 $614,900 --Active 2 Mirabell Court Landscape 4 4 1 3,580 1996 $589,000 --Active 4 Mirabell Court Lake 4 3 0 3,233 2001 $579,000 --Active 234 Club Gate Golf 4 4 1 3,801 2007 $429,000 --Active 282 Club Gate Landscape 3 2 0 1,900 2018 $399,000 --Active 4 Greenwood Drive Landscape 3 2 0 1,960 1988 $385,000 --Active 3 Whiteoaks Circle Golf 3 3 1 2,128 1984 $369,000 --Active 48 Pipers Pond Road Golf 4 3 0 2,226 2001 $359,000 --Active 13 Pipers Pond Road Lagoon, Landscape 3 3 1 2,007 1991 $359,000 --Active 177 Whiteoaks Circle Wooded 3 2 0 2,200 2000 $353,000 --Active 296 Club Gate Wooded 4 3 0 1,851 2018 $349,900 --Active 20 Greenwood Court Golf 3 3 0 1,959 1989 $329,000 --Active 34 Sorrelwood Lane Landscape 3 2 0 1,676 2002 $289,900 --Active 2 Pipers Pond Road Golf, Lagoon 3 2 0 1,619 1998 $289,000 --Pending 14 Ghost Pony Road Landscape 4 5 2 4,569 1995 $795,000 --Pending 7 Kirk Court Landscape, Wooded 4 4 1 3,282 2002 $697,000 --Pending 190 Whiteoaks Circle Golf, Lagoon 3 4 1 2,500 2018 $529,900 --Pending 1 Greenwood Drive Golf, Lagoon 4 4 1 3,372 1984 $444,900 --Pending 227 Club Gate Landscape 3 3 1 2,148 2008 $359,000 --Pending 36 Whiteoaks Circle Golf, Lagoon 3 2 0 2,240 1993 $285,000 --Sold 3 Queen Crescent Landscape 4 5 1 5,257 2006 $1,249,000 $1,175,000 Sold 12 Greenwood Drive Golf 4 5 1 3,100 2017 $549,900 $525,000 Sold 25 Martingale E Lagoon, Wooded 4 5 2 4,255 1989 $510,000 $410,000 Sold 204 Whiteoaks Circle Golf 4 4 1 3,682 2004 $499,000 $480,000 Sold 2 Sweetgum Lane Landscape 4 5 1 2,649 2017 $467,205 $460,000 Sold 53 Whiteoaks Circle Landscape 4 4 1 2,600 1999 $449,000 $424,000 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 278 Club Gate Landscape 4 3 0 2,171 2017 $354,900 $340,000 Sold 17 Coventry Court Golf 3 2 0 1,948 1989 $349,000 $323,000 Sold 10 Fair Hope Lane Landscape, Wooded 3 2 0 1,690 1996 $329,000 $315,000 Sold 9 Fair Hope Lane Landscape, Wooded 3 3 1 2,014 1996 $320,000 $310,000 Sold 23 Sorrelwood Lane Lagoon 3 2 0 1,860 2001 $319,900 $312,000 Sold 4 Crabtree Lane Landscape, Wooded 3 2 0 1,724 1995 $319,500 $298,000 Sold 18 Wood Eden Lane Golf, Lagoon 3 2 0 1,706 1995 $299,999 $285,000 Sold 18 Coventry Court Lagoon 3 2 0 1,874 1989 $299,000 $290,000 Sold 19 Coventry Court Golf, Lagoon 3 3 1 1,860 1989 $295,000 $265,000 Sold 244 Whiteoaks Circle Golf 3 4 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 Sold 4 Wood Eden Lane Lagoon 2 2 0 1,482 1983 $239,000 $235,000
STATUS
ADDRESS
VIEW
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and June 30, 2018
20 Tips for Preparing Your House for Sale Source: Keeping Current Matters, July 2018
KEY TRENDS
When listing your house for sale, your top goal will be to get the house sold for the best price possible! There are many small projects you can do to ensure this happens!
10 tips to make your house feel like home to buyers
10 tips to improve your house’s curb appeal
KEY TRENDS
Give your entry a face lift with either a new coat of paint or a new front door.
Clean everything! Clean homes allow buyers to picture themselves in the space.
Don’t forget to landscape your yard! A well-groomed yard shows buyers that the home was taken care of.
Give every room a purpose - even if you used it as a bonus room, giving it an identity will help buyers.
Make sure all exterior lights work and replace all outdoor light bulbs.
Let light in! Bright rooms feel warm and inviting; dark rooms feel small and gloomy.
Wash all windows (inside and out) to ensure that dirt doesn’t take away from the view. Clean out your garage! Consider getting a storage unit to store non-essential items.
Fix anything that is broken! Buyers will notice and may offer less for your house if repairs are required. De-clutter! Thinning out closets and pantries will highlight space availability.
Add a pop of color by planting flowers that work with your area’s climate.
Replace light bulbs with new ones and make sure all switches are working.
Remove any lawn ornaments that you will bring with you to your new home.
Empty trash bins and hide dirty laundry before your home is shown.
Replace a worn out welcome mat to welcome buyers as they tour the home.
Organize the kitchen! Store non-essential, small appliances and clean all surfaces.
Paint or replace the street numbers on the house to increase their visibility.
Make sure all doors open and close smoothly. Be sure to fix squeaking doors!
Power wash outdoor surfaces to give them a ‘like new’ feel (ex: siding, driveway, sidewalks, etc.)
Fresh paint & new carpet are the top 2 things you can do to sell your home faster and for more money.
Percent Growth in Median Property Values Across the U.S. [2005-2017] Source: Keeping Current Matters, July 2018 WA 49%
VT (34%) ND 111%
MT 71% OR 55%
ID 55%
CA 9%
UT 66%
AZ 21%
WI 21%
SD 67%
WY 58% NV -5%
MN 14%
IA 40%
NE 41% CO 54%
OK 54%
NM 38%
MI 8%
26%
KY 38% 50%
TX 63%
WV 45%
VA 33%
CT (4%) NJ (2%) DE (23%) MD (15%) DC (58%)
NC 39%
TN
SC 44%
AR 49% MS 43%
NH (11%) MA (10%) RI (-4%)
PA 40% OH 16%
IN
IL 7%
MO 31%
KS 41%
NY 23%
ME 29%
AL 45%
GA 21%
LA 60% FL 14%
AK 38%
< 0.0% 0.0% to 24% 25% to 49% 50% to 75% HI 41%
> 75%
Our Portfolio of Fine Homes in Rose Hill
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. 4 Bedrooms | 4 Full & 3 Half Bathrooms | 9,620 Htd. SqFt • 3.2 Acres | $1,350,000
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R PR O I V C E E M E
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19 Martingale East, Rose Hill Plantation
2 Rosebud Drive, Rose Hill Plantation
4 Bedrooms | 3.5 Bathrooms | 4,346 Htd. SqFt | $675,000
COMMUNITY SPECIALIST
15 Ghost Pony Road, Rose Hill Plantation
Land/Lot | Wooded | 1.69 Acres SqFt | $152,000
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.
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