THE STATE of the Rose Hill Real Estate Market
June 2018
KEY METRICS
First Five Months of 2018 in Review
In Rose Hill: Golf and Estate Side, 19 homes closed in the first five months of 2018, compared to the 24 which closed during this same period last year. So far, the total dollar volume of 2018 was $7,410,950, down from $9,556,800 in 2017. Supply and demand: as of June 1st, 2018, there are 24 Rose Hill: Golf and Estate Side homes listed for sale with an average of 3.67 homes selling per month over the last six months. That translates into a 6.54-month supply, considered by industry experts to be a buyer’s market. There are nine homes under contract in Rose Hill: Golf and Estate Side.
19
$323,000
95.47%
113
Total Sales
Median Price
Sale to List Price
Median Days on Market
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
712 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
584
$225,000
2014
544
$245,000
2015
624
$253,000
2016
757
$275,000
2017
781
$289,000
2018
873
$301,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first five months, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, the first five months of homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 445 sales. As you can see in the chart to the left, in first five months of 2018 873 homes were sold, almost doubling the pre-recession peak! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 4.2% 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 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.
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 8 1 10,500 2002 $1,400,000 --Active 19 Martingale E Lagoon 4 4 3 9,620 1994 $1,350,000 --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 $780,000 --Active 197 Rose Hill Way Lagoon 4 3 1 3,737 2005 $749,000 --Active 2 Rosebud Drive Landscape 4 3 1 4,346 1996 $675,000 --Active 38 Fairway Drive Golf 4 3 1 3,200 1990 $629,000 --Active 2 Mirabell Court Landscape 4 3 1 3,580 1996 $595,000 --Active 4 Mirabell Court Lake 4 3 0 3,233 2001 $579,000 --Active 190 Whiteoaks Circle Golf, Lagoon 3 3 1 2,500 2018 $529,900 --Active 234 Club Gate Golf 4 3 1 3,801 2007 $437,000 --Active 182 Sumter Square Lagoon 4 2 1 2,400 1999 $425,000 --Active 282 Club Gate Landscape 3 2 0 1,900 2018 $399,000 --Active 3 Whiteoaks Circle Golf 3 2 1 2,128 1984 $389,000 --Active 4 Greenwood Drive Landscape 3 2 0 1,960 1988 $385,000 --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 163 Sumter Square Wooded 3 3 0 1,432 1983 $299,999 --Active 34 Sorrelwood Lane Landscape 3 2 0 1,676 2002 $297,900 --Active 2 Pipers Pond Road Golf, Lagoon 3 2 0 1,619 1998 $289,000 --Pending 14 Ghost Pony Road Landscape 4 3 2 4,569 1995 $795,000 --Pending 7 Kirk Court Landscape, Wooded 4 3 1 3,282 2002 $697,000 --Pending 204 Whiteoaks Circle Golf 4 3 1 3,682 2004 $499,000 --Pending 1 Greenwood Drive Golf, Lagoon 4 3 1 3,372 1984 $444,900 --Pending 13 Pipers Pond Road Lagoon, Landscape 3 2 1 2,007 1991 $359,000 --Pending 227 Club Gate Landscape 3 2 1 2,148 2008 $359,000 --Pending 278 Club Gate Landscape 4 3 0 2,171 2017 $354,900 --Pending 23 Sorrelwood Lane Lagoon 3 2 0 1,860 2001 $319,900 --Pending 36 Whiteoaks Circle Golf, Lagoon 3 2 0 2,240 1993 $285,000 --Sold 12 Greenwood Drive Golf 4 4 1 3,100 2017 $549,900 $525,000 Sold 53 Whiteoaks Circle Landscape 4 3 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 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 10 Fair Hope Lane Landscape, Wooded 3 2 0 1,690 1996 $329,000 $315,000 Sold 9 Fair Hope Lane Landscape, Wooded 3 2 1 2,014 1996 $320,000 $310,000 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 2 1 1,860 1989 $295,000 $265,000 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 March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
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
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. 19 Martingale East, Rose Hill Plantation
4 Bedrooms | 4 Full & 3 Half Bathrooms | 9,620 Htd. SqFt • 3.2 Acres | $1,350,000
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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 $675,000
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.
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