THE STATE
Fantastic Properties For Sale In Bluffton, South Carolina
of the Spanish Wells Real Estate Market
June 2017 KEY METRICS
22 Castle Point Road, Bluffton 3 Bedrooms | 4 Bathrooms | 2,400 Htd. SqFt | $1,500,000 The crown jewel of the May River! This cottage is reminiscent of those in Palmetto Bluff, just blocks from Calhoun Street, and boasts the best dock with 16’ deep water at low tide which is to die for! The bright open floor plan has a large gourmet kitchen with a gas range and wine cooler, a screened porch running the width of the home with panoramic views of the May River, and a partially finished guest suite over the 2-car garage. Only two years old, with very gentle summer use, this house is a “perfect 10”!
O UN N D T E R R A C T
2 Derby Court, Bluffton 4 Bedrooms | 4.5 Bathrooms | 4,781 Htd. SqFt | $1,295,000 This exquisite Rose Dhu Creek Plantation estate is nestled within lush landscaping. The vast windows lend the feeling of being one with nature and blanket each room with light highlighting custom upgrades throughout including crown molding, coffered ceilings, and built-ins. Lending to its rural elegance, the estate boasts a private three-stall horse barn with two rooms for tack and hay as well as a built-in fly spray system, water, and electricity - an equestrian dream property! It also boasts an outdoor deck, a screened lanai, and a bricked fire pit.
May 2017 in Review
In Spanish Wells two homes closed which is the same as the year before. The first five months’ total dollar volume of homes sold in 2017 was $2.275M, about the same compared to $2.475M in 2016. Supply and demand: there are currently 10 homes listed for sale with an average of 0.33 homes selling per month over the last six months. That translates into a 6.06-month supply, considered by industry experts to be a sellers’ market. As of June 16, 2017, there were seven homes pending. In the lot realm, one lot closed in the first five months of 2017, which is the same as 2016. There are currently zero lots pending. How’s the Hilton Head Island - Bluffton Real Estate Market Doing? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first five months of any year in the history of our area according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first five months’ record of 1,059 homes sold. In the first five months of 2017 though, 1,282 homes were sold. In other positive news, home values in just the first five months of 2017 were up 3.4% over 2016 prices, but still 24.7% below the peak set in 2005. If the record-setting pace of sales continues, we could see an annual appreciation rate in the neighborhood of 7%, meaning that a $500,000 home a year from now could sell for $535,000. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Spanish Wells
C
Historical Median Sales Price Rolling 12-Month Calculation
29 Rose Dhu Drive, Bluffton 4 Bedrooms | 3.5 Bathrooms | 3,584 Htd. SqFt | $899,000 Watch the sunrise from your brand new deep water access dock! Awesome home with 3 acres overlooking the May River and Palmetto Bluff and gorgeous flower gardens. The wonderful chef’s style kitchen with huge island granite counter tops, double oven, gas cook top, and large pantry is fantastic. Additional features include a wood burning stove, cathedral ceilings, palladium windows, beautiful wood floors, eatin-kitchen, and separate dining room. The master suite has a walk-in shower, along with his and her closets.
22 Kirk Bluff Road, Bluffton 4 Bedrooms | 4 Bathrooms | 3,600 Htd. SqFt | $750,000 Enjoy the sunrise and breathtaking sunsets from this high bluff May River home boasting 180-degree panoramic views toward Palmetto Bluff. The fabulous dock has deep water 24/7 which is perfect for boating fun and hanging out on the famous May River Sandbar! New carpet, paint, and a remodeled granite open plan kitchen all complement the master with an area for a home office or private sitting with sweeping views. It’s a quick golf cart drive to charming Old Town Bluffton shops and restaurants.
Inventory of Homes For Sale
Number of Closed Home Sales
$2,500,000
10
50
Total Value of Homes Closed
9 HOME VALUE CONSULTATION
7 5
Telephone: 843-247-0001 Email: nickey.maxey@evusa.com Website: www.nickeymaxey.evusa.com ©2017 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.
3
13
0
$500,000
2
10
Hilton Head Is., SC
Local Postal Customer
$1,000,000
4
20
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
$1,500,000
6
30
PRSRT STD US POSTAGE PAID Permit 73
Nickey Maxey, Real Estate Advisor
$2,000,000
8
40
Considering listing your home? Contact me for a complimentary home value consultation and let me show you how we utilize our digital presence and tailored platforms to sell your home for maximum value.
On 05/31/16
10
On 05/31/17
1 0
2
2
1st Five Months of 2016
1st Five Months of 2017
0
$2.475,000
$2,275,000
1st Five Months of 2016
1st Five Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through June 10, 2017. 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.
Spanish Wells Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Pending Sold
80 Brams Point Road 64 Brams Point Road 2 Widewater Road 30 Widewater Road 24 Widewater Road 32 Widewater Road 27 Brams Point Rd 33 Widewater Road 6 Mcintosh Road 13 Brams Point Road 51 Brams Point Road 38 Spanish Pointe Drive 40 Spanish Pointe Drive 15 Brams Point Road 5 Widewater Road 15 Mcintosh Road 13 Widewater Road 39 Spanish Pointe Drive
Deep Water, Sound Deep Water Deep Water, River Deep Water Deep Water Deep Water, Marsh Golf, Lagoon Golf, Lagoon Golf Golf, Lagoon Deep Water, River Deep Water, Marsh Deep Water, Marsh Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Landscape Deep Water, Marsh
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 1 6,288 1992 $4,895,000 --6 6 2 6,888 2016 $4,850,000 --9 9 2 7,486 1982 $4,700,000 --5 5 1 6,488 2000 $3,999,999 --4 4 1 5,992 1999 $2,350,000 --5 5 2 7,301 1988 $1,849,000 --5 4 1 4,120 1991 $929,000 --4 5 0 3,546 1990 $849,000 --3 3 1 3,642 1996 $734,997 --3 3 2 5,693 1994 $649,000 --5 5 3 7,682 2005 $3,200,000 --5 4 3 5,281 1997 $1,795,000 --4 4 1 3,632 1992 $899,000 --4 4 1 5,000 1995 $899,000 --4 4 0 3,525 1986 $895,000 --5 4 1 4,714 1995 $699,000 --5 4 1 3,472 1994 $679,000 --5 5 2 5,400 1997 $1,275,000 $1,275,000
Monthly Mortgage Payment on a Median Priced Home in the U.S. (1990-Today)
KEY TRENDS
Source: KeepingCurrentMatters.com, June 2017
$1,350
$1,305
$1,300 $1,250
$1,245
$1,200
$1,184
$1,150 $1,100 $1,050 $1,000 $950
$939
$900
STATUS Active Active Active Active Active Active Active Sold
ADDRESS 70 Brams Point Road 4 Brams Point Road 738 Spanish Wells Road 1 Brams Point Road 48 Widewater Road 10 Orista Place 12 Mcintosh Road 8 Orista Place
VIEW LIST PRICE CLOSE PRICE Deep Water $1,695,000 --Deep Water, Sound $1,599,000 --Deep Water $1,295,000 --Deep Water $1,200,000 --Deep Water, River $937,500 --Golf, Wooded $210,000 --Golf $195,000 --Golf $170,000 $170,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2017 and May 31, 2017
$850 $800
$778
$750 $700 $650 $600
$664
2006
Spanish Wells Lot Listings
1990
1995
2000
2005
2010
2015
Today
Joint Center for Housing Studies, Harvard University and The National Association of Realtors
Home affordability is still at record levels. Except for the recession years, the mortgage payment on a median priced home in America is lower today than it has been since 1990. Isn’t it amazing that your monthly mortgage payment on a median priced home is substantially less than it was in 1990! What a great time to purchase a home! Or invest in a second home or rental property! However, prices are rising and interest rates are expected to rise, so time is of the essence for those looking to purchase a home, condo or vacation property.
Spanish Wells Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Pending Sold
80 Brams Point Road 64 Brams Point Road 2 Widewater Road 30 Widewater Road 24 Widewater Road 32 Widewater Road 27 Brams Point Rd 33 Widewater Road 6 Mcintosh Road 13 Brams Point Road 51 Brams Point Road 38 Spanish Pointe Drive 40 Spanish Pointe Drive 15 Brams Point Road 5 Widewater Road 15 Mcintosh Road 13 Widewater Road 39 Spanish Pointe Drive
Deep Water, Sound Deep Water Deep Water, River Deep Water Deep Water Deep Water, Marsh Golf, Lagoon Golf, Lagoon Golf Golf, Lagoon Deep Water, River Deep Water, Marsh Deep Water, Marsh Golf, Lagoon Golf, Lagoon Golf, Lagoon Golf, Landscape Deep Water, Marsh
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 1 6,288 1992 $4,895,000 --6 6 2 6,888 2016 $4,850,000 --9 9 2 7,486 1982 $4,700,000 --5 5 1 6,488 2000 $3,999,999 --4 4 1 5,992 1999 $2,350,000 --5 5 2 7,301 1988 $1,849,000 --5 4 1 4,120 1991 $929,000 --4 5 0 3,546 1990 $849,000 --3 3 1 3,642 1996 $734,997 --3 3 2 5,693 1994 $649,000 --5 5 3 7,682 2005 $3,200,000 --5 4 3 5,281 1997 $1,795,000 --4 4 1 3,632 1992 $899,000 --4 4 1 5,000 1995 $899,000 --4 4 0 3,525 1986 $895,000 --5 4 1 4,714 1995 $699,000 --5 4 1 3,472 1994 $679,000 --5 5 2 5,400 1997 $1,275,000 $1,275,000
Monthly Mortgage Payment on a Median Priced Home in the U.S. (1990-Today)
KEY TRENDS
Source: KeepingCurrentMatters.com, June 2017
$1,350
$1,305
$1,300 $1,250
$1,245
$1,200
$1,184
$1,150 $1,100 $1,050 $1,000 $950
$939
$900
STATUS Active Active Active Active Active Active Active Sold
ADDRESS 70 Brams Point Road 4 Brams Point Road 738 Spanish Wells Road 1 Brams Point Road 48 Widewater Road 10 Orista Place 12 Mcintosh Road 8 Orista Place
VIEW LIST PRICE CLOSE PRICE Deep Water $1,695,000 --Deep Water, Sound $1,599,000 --Deep Water $1,295,000 --Deep Water $1,200,000 --Deep Water, River $937,500 --Golf, Wooded $210,000 --Golf $195,000 --Golf $170,000 $170,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2017 and May 31, 2017
$850 $800
$778
$750 $700 $650 $600
$664
2006
Spanish Wells Lot Listings
1990
1995
2000
2005
2010
2015
Today
Joint Center for Housing Studies, Harvard University and The National Association of Realtors
Home affordability is still at record levels. Except for the recession years, the mortgage payment on a median priced home in America is lower today than it has been since 1990. Isn’t it amazing that your monthly mortgage payment on a median priced home is substantially less than it was in 1990! What a great time to purchase a home! Or invest in a second home or rental property! However, prices are rising and interest rates are expected to rise, so time is of the essence for those looking to purchase a home, condo or vacation property.
THE STATE
Fantastic Properties For Sale In Bluffton, South Carolina
of the Spanish Wells Real Estate Market
June 2017 KEY METRICS
22 Castle Point Road, Bluffton 3 Bedrooms | 4 Bathrooms | 2,400 Htd. SqFt | $1,500,000 The crown jewel of the May River! This cottage is reminiscent of those in Palmetto Bluff, just blocks from Calhoun Street, and boasts the best dock with 16’ deep water at low tide which is to die for! The bright open floor plan has a large gourmet kitchen with a gas range and wine cooler, a screened porch running the width of the home with panoramic views of the May River, and a partially finished guest suite over the 2-car garage. Only two years old, with very gentle summer use, this house is a “perfect 10”!
O UN N D T E R R A C T
2 Derby Court, Bluffton 4 Bedrooms | 4.5 Bathrooms | 4,781 Htd. SqFt | $1,295,000 This exquisite Rose Dhu Creek Plantation estate is nestled within lush landscaping. The vast windows lend the feeling of being one with nature and blanket each room with light highlighting custom upgrades throughout including crown molding, coffered ceilings, and built-ins. Lending to its rural elegance, the estate boasts a private three-stall horse barn with two rooms for tack and hay as well as a built-in fly spray system, water, and electricity - an equestrian dream property! It also boasts an outdoor deck, a screened lanai, and a bricked fire pit.
May 2017 in Review
In Spanish Wells two homes closed which is the same as the year before. The first five months’ total dollar volume of homes sold in 2017 was $2.275M, about the same compared to $2.475M in 2016. Supply and demand: there are currently 10 homes listed for sale with an average of 0.33 homes selling per month over the last six months. That translates into a 6.06-month supply, considered by industry experts to be a sellers’ market. As of June 16, 2017, there were seven homes pending. In the lot realm, one lot closed in the first five months of 2017, which is the same as 2016. There are currently zero lots pending. How’s the Hilton Head Island - Bluffton Real Estate Market Doing? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first five months of any year in the history of our area according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first five months’ record of 1,059 homes sold. In the first five months of 2017 though, 1,282 homes were sold. In other positive news, home values in just the first five months of 2017 were up 3.4% over 2016 prices, but still 24.7% below the peak set in 2005. If the record-setting pace of sales continues, we could see an annual appreciation rate in the neighborhood of 7%, meaning that a $500,000 home a year from now could sell for $535,000. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Spanish Wells
C
Historical Median Sales Price Rolling 12-Month Calculation
29 Rose Dhu Drive, Bluffton 4 Bedrooms | 3.5 Bathrooms | 3,584 Htd. SqFt | $899,000 Watch the sunrise from your brand new deep water access dock! Awesome home with 3 acres overlooking the May River and Palmetto Bluff and gorgeous flower gardens. The wonderful chef’s style kitchen with huge island granite counter tops, double oven, gas cook top, and large pantry is fantastic. Additional features include a wood burning stove, cathedral ceilings, palladium windows, beautiful wood floors, eatin-kitchen, and separate dining room. The master suite has a walk-in shower, along with his and her closets.
22 Kirk Bluff Road, Bluffton 4 Bedrooms | 4 Bathrooms | 3,600 Htd. SqFt | $750,000 Enjoy the sunrise and breathtaking sunsets from this high bluff May River home boasting 180-degree panoramic views toward Palmetto Bluff. The fabulous dock has deep water 24/7 which is perfect for boating fun and hanging out on the famous May River Sandbar! New carpet, paint, and a remodeled granite open plan kitchen all complement the master with an area for a home office or private sitting with sweeping views. It’s a quick golf cart drive to charming Old Town Bluffton shops and restaurants.
Inventory of Homes For Sale
Number of Closed Home Sales
$2,500,000
10
50
Total Value of Homes Closed
9 HOME VALUE CONSULTATION
7 5
Telephone: 843-247-0001 Email: nickey.maxey@evusa.com Website: www.nickeymaxey.evusa.com ©2017 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.
3
13
0
$500,000
2
10
Hilton Head Is., SC
Local Postal Customer
$1,000,000
4
20
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
$1,500,000
6
30
PRSRT STD US POSTAGE PAID Permit 73
Nickey Maxey, Real Estate Advisor
$2,000,000
8
40
Considering listing your home? Contact me for a complimentary home value consultation and let me show you how we utilize our digital presence and tailored platforms to sell your home for maximum value.
On 05/31/16
10
On 05/31/17
1 0
2
2
1st Five Months of 2016
1st Five Months of 2017
0
$2.475,000
$2,275,000
1st Five Months of 2016
1st Five Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through June 10, 2017. 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.