THE STATE
O UN N D T E R R A C T
SPECTACULAR HOMES, LOTS AND LAND
of the Spanish Wells Real Estate Market
C
July 2017 KEY METRICS
22 Castle Point Road, Bluffton - May River
2 Derby Court, Rose Dhu Creek Plantation
The First Half of 2017 in Review
3 Bedrooms | 4 Bathrooms | 2,400 Htd. SqFt | Deep Water View | $1,500,000 4 Bedrooms | 4.5 Bathrooms | 4,781 Htd. SqFt | Landscape View | $1,295,000 R P E R $5 DU IC 1,0 C E 0 ED 0
In Spanish Wells six homes closed so far in 2017; four homes closed during this period in 2016. The first six months’ total dollar volume of 2017 was $6.204M, an increase compared to $4.630M in 2016. Supply and demand: there are currently nine homes listed for sale with an average of one home selling per month over the last six months. That translates into a 9-month supply, considered by industry experts to be a sellers’ market. As of July 13, 2017, there were four homes pending. In the lot realm, one lot closed in the first six months of 2017, which is the same amount in 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 half 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 six months’ record of 1,332 homes sold. In the first six months of 2017 though, 1,656 homes were sold, a dramatic 24% increase. In other positive news, home values in just the first six months of 2017 were up 2.2% over 2016 prices, but still 25% below the peak set in 2005. 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.
86 Rose Dhu Creek Plantation Drive, Rose Dhu Creek Plantation 22 Kirk Bluff Road, Bluffton - May River 4 Bedrooms | 4.5 Bathrooms | 5,563 Htd. SqFt | Landscape View | $999,000
4 Bedrooms | 4 Bathrooms | 3,600 Htd. SqFt | Sound View | $699,000 All MLS Spanish Wells
C
O UN N D T E R R A C T
Historical Median Sales Price Rolling 12-Month Calculation
27 Yorkshire Drive, Wexford Plantation
4 Bedrooms | 3.5 Bathrooms | 3,200 Htd. SqFt | Golf View | $649,000
29 Rose Dhu Drive, Bluffton - May River
4 Bedrooms | 3.5 Bathrooms | 3,584 Htd. SqFt | River View | $899,000
PHENOMENAL LAND TRACTS
LOCAL RESIDENTIAL LOTS 6797 Browns Bluff Lane Bluffton - May River
Deep Water View | 0.87 Acres | $349,000
378 Old Palmetto Bluff Road Palmetto Bluff
Landscape View | 5.75 Acres | $435,000
29 Oxen Lane Rose Hill - Estate Side
Wooded View | 1.67 Acres | $145,000
56 Harbour Passage Windmill Harbour FOR SALE OR TRADE!
Harbor View | 0.31 Acres | $529,000
25 Rawstrom Drive Bluffton - Off Plantation
Wooded View | 2 Acres | $139,000
702 Belfield Drive Ridgeland, Jasper County
405 Mixon’s Corner Road Fairfax, Allendale County
Wooded View | 241 Acres | $996,625
Wooded View | 171 Acres | $470,250
10233 Bufford Bridge Road Fairfax, Allendale County
545 Sand Hill Road Garnett, Hampton County
Wooded View | 321 Acres | $882,750
Wooded View | 91 Acres | $400,000
4715 Cotton Hill Road Tillman, Jasper County
625 Fording Island Road Okatie, Beaufort County
Wooded View | 148 Acres | $518,805
Wooded View | 160 Acres | $320,000
Inventory of Homes For Sale
Number of Closed Home Sales
50
Nickey Maxey, 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
30
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.
9
$7,000,000 $6,000,000
6
$5,000,000
5
$4,000,000
4
$3,000,000
3
13
0
$2,000,000
2
10
Hilton Head Is., SC
Local Postal Customer
$8,000,000
7
20 PRSRT STD US POSTAGE PAID Permit 73
10 8
40
On 06/30/16
9
On 06/30/17
Total Value of Homes Closed
1 0
$1,000,000 4
6
1st Six Months of 2016
1st Six Months of 2017
0
$4,630,000
$6,204,000
1st Six Months of 2016
1st Six 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 July 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 Pending Pending Pending Pending Sold Sold Sold Sold Sold
54 Brams Point Road 30 Widewater Road 24 Widewater Road 32 Widewater Road 27 Brams Point Rd 52 Widewater Rd 33 Widewater Road 6 Mcintosh Road 13 Brams Point Road 64 Brams Point Road 51 Brams Point Road 5 Widewater Road 15 Mcintosh Road 38 Spanish Pointe Drive 39 Spanish Pointe Drive 40 Spanish Pointe Drive 15 Brams Point Road 13 Widewater Road
Deep Water, Sound Deep Water Deep Water Deep Water, Marsh Golf, Lagoon Deep Water, Pool Golf, Lagoon Golf Golf, Lagoon Deep Water Deep Water, River Golf, Lagoon Golf, Lagoon Deep Water, Marsh Deep Water, Marsh Deep Water, Marsh Golf, Lagoon Golf, Landscape
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 4 1 6,671 2004 $4,295,000 --5 5 1 6,488 2000 $3,999,999 --4 4 1 5,992 1999 $2,400,000 --5 5 2 7,301 1988 $1,849,000 --5 4 1 4,120 1991 $929,000 --4 3 1 4,769 1994 $875,000 --4 5 0 3,546 1990 $849,000 --3 3 1 3,642 1996 $727,777 --3 3 2 5,693 1994 $625,000 --6 6 2 6,888 2016 $4,850,000 --5 5 3 7,682 2005 $3,200,000 --4 4 0 3,525 1986 $895,000 --5 4 1 4,714 1995 $699,000 --5 4 3 5,281 1997 $1,617,000 $1,617,000 5 5 2 5,400 1997 $1,275,000 $1,275,000 4 4 1 3,632 1992 $845,000 $845,000 4 4 1 5,000 1995 $837,500 $837,500 5 4 1 3,472 1994 $630,000 $630,000
Home Appreciation by State Actual Year-Over-Year % Change in Price Source: KeepingCurrentMatters.com, July 2017
WA 12.0%
OR 9.1%
CA 5.9%
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
VT (3.4%) ND 2.8%
MT 4.4% ID 6.8%
NV 6.7%
WY -3.9%
MN 6.0%
UT 10.1%
CO 8.8%
MI 8.7%
IA 2.3% IL 5.0%
OK 1.2%
PA 3.2% WV 0.3%
AR 6.0% AL 6.6%
NH (6.7%) MA (6.1%)
VA 2.3%
CT (0.4%) NJ (2.9%) DE (-0.2%) MD (3.3%) DC (5.0%)
NC 5.7%
TN 5.1%
MS 0.4% TX 4.8%
OH 3.4%
IN 5.8%
ME 0.2%
RI (4.9%)
KY 3.4%
MO 4.9%
KS 3.1%
NM 2.0%
NY 7.2%
WI 7.0%
SD 2.5% NE 5.3%
AZ 6.0%
Spanish Wells Lot Listings STATUS Active Active Active Active Active Active Active Sold
KEY TRENDS
SC 5.8% GA 5.6%
LA 4.7% FL 6.4%
AK -0.2%
UNITED STATES 6.9%
< 0.0% 0.0% to 1.9% 2.0% to 3.9%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2017 and June 30, 2017
4.0% to 5.9% HI 6.1%
> 6%
Here is the actual year-over-year percentage change in price by state for homes sold. For the United States as a whole it is 6.9%. Historic annual single-family appreciation is 3.6%. If we’re at 6.9% over the last 12 months, we’ve almost doubled that number. This information can be helpful in determining if it is time to sell or buy a home in the United States. With an appreciation rate of 6.9% nationally, it might just be the time to make a move. We are seeing a record-number of buyers who live out of this area taking equity out of their home to buy a second home, or selling to move here.
Spanish Wells Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold Sold Sold
54 Brams Point Road 30 Widewater Road 24 Widewater Road 32 Widewater Road 27 Brams Point Rd 52 Widewater Rd 33 Widewater Road 6 Mcintosh Road 13 Brams Point Road 64 Brams Point Road 51 Brams Point Road 5 Widewater Road 15 Mcintosh Road 38 Spanish Pointe Drive 39 Spanish Pointe Drive 40 Spanish Pointe Drive 15 Brams Point Road 13 Widewater Road
Deep Water, Sound Deep Water Deep Water Deep Water, Marsh Golf, Lagoon Deep Water, Pool Golf, Lagoon Golf Golf, Lagoon Deep Water Deep Water, River Golf, Lagoon Golf, Lagoon Deep Water, Marsh Deep Water, Marsh Deep Water, Marsh Golf, Lagoon Golf, Landscape
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 4 1 6,671 2004 $4,295,000 --5 5 1 6,488 2000 $3,999,999 --4 4 1 5,992 1999 $2,400,000 --5 5 2 7,301 1988 $1,849,000 --5 4 1 4,120 1991 $929,000 --4 3 1 4,769 1994 $875,000 --4 5 0 3,546 1990 $849,000 --3 3 1 3,642 1996 $727,777 --3 3 2 5,693 1994 $625,000 --6 6 2 6,888 2016 $4,850,000 --5 5 3 7,682 2005 $3,200,000 --4 4 0 3,525 1986 $895,000 --5 4 1 4,714 1995 $699,000 --5 4 3 5,281 1997 $1,617,000 $1,617,000 5 5 2 5,400 1997 $1,275,000 $1,275,000 4 4 1 3,632 1992 $845,000 $845,000 4 4 1 5,000 1995 $837,500 $837,500 5 4 1 3,472 1994 $630,000 $630,000
Home Appreciation by State Actual Year-Over-Year % Change in Price Source: KeepingCurrentMatters.com, July 2017
WA 12.0%
OR 9.1%
CA 5.9%
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
VT (3.4%) ND 2.8%
MT 4.4% ID 6.8%
NV 6.7%
WY -3.9%
MN 6.0%
UT 10.1%
CO 8.8%
MI 8.7%
IA 2.3% IL 5.0%
OK 1.2%
PA 3.2% WV 0.3%
AR 6.0% AL 6.6%
NH (6.7%) MA (6.1%)
VA 2.3%
CT (0.4%) NJ (2.9%) DE (-0.2%) MD (3.3%) DC (5.0%)
NC 5.7%
TN 5.1%
MS 0.4% TX 4.8%
OH 3.4%
IN 5.8%
ME 0.2%
RI (4.9%)
KY 3.4%
MO 4.9%
KS 3.1%
NM 2.0%
NY 7.2%
WI 7.0%
SD 2.5% NE 5.3%
AZ 6.0%
Spanish Wells Lot Listings STATUS Active Active Active Active Active Active Active Sold
KEY TRENDS
SC 5.8% GA 5.6%
LA 4.7% FL 6.4%
AK -0.2%
UNITED STATES 6.9%
< 0.0% 0.0% to 1.9% 2.0% to 3.9%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2017 and June 30, 2017
4.0% to 5.9% HI 6.1%
> 6%
Here is the actual year-over-year percentage change in price by state for homes sold. For the United States as a whole it is 6.9%. Historic annual single-family appreciation is 3.6%. If we’re at 6.9% over the last 12 months, we’ve almost doubled that number. This information can be helpful in determining if it is time to sell or buy a home in the United States. With an appreciation rate of 6.9% nationally, it might just be the time to make a move. We are seeing a record-number of buyers who live out of this area taking equity out of their home to buy a second home, or selling to move here.
THE STATE
O UN N D T E R R A C T
SPECTACULAR HOMES, LOTS AND LAND
of the Spanish Wells Real Estate Market
C
July 2017 KEY METRICS
22 Castle Point Road, Bluffton - May River
2 Derby Court, Rose Dhu Creek Plantation
The First Half of 2017 in Review
3 Bedrooms | 4 Bathrooms | 2,400 Htd. SqFt | Deep Water View | $1,500,000 4 Bedrooms | 4.5 Bathrooms | 4,781 Htd. SqFt | Landscape View | $1,295,000 R P E R $5 DU IC 1,0 C E 0 ED 0
In Spanish Wells six homes closed so far in 2017; four homes closed during this period in 2016. The first six months’ total dollar volume of 2017 was $6.204M, an increase compared to $4.630M in 2016. Supply and demand: there are currently nine homes listed for sale with an average of one home selling per month over the last six months. That translates into a 9-month supply, considered by industry experts to be a sellers’ market. As of July 13, 2017, there were four homes pending. In the lot realm, one lot closed in the first six months of 2017, which is the same amount in 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 half 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 six months’ record of 1,332 homes sold. In the first six months of 2017 though, 1,656 homes were sold, a dramatic 24% increase. In other positive news, home values in just the first six months of 2017 were up 2.2% over 2016 prices, but still 25% below the peak set in 2005. 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.
86 Rose Dhu Creek Plantation Drive, Rose Dhu Creek Plantation 22 Kirk Bluff Road, Bluffton - May River 4 Bedrooms | 4.5 Bathrooms | 5,563 Htd. SqFt | Landscape View | $999,000
4 Bedrooms | 4 Bathrooms | 3,600 Htd. SqFt | Sound View | $699,000 All MLS Spanish Wells
C
O UN N D T E R R A C T
Historical Median Sales Price Rolling 12-Month Calculation
27 Yorkshire Drive, Wexford Plantation
4 Bedrooms | 3.5 Bathrooms | 3,200 Htd. SqFt | Golf View | $649,000
29 Rose Dhu Drive, Bluffton - May River
4 Bedrooms | 3.5 Bathrooms | 3,584 Htd. SqFt | River View | $899,000
PHENOMENAL LAND TRACTS
LOCAL RESIDENTIAL LOTS 6797 Browns Bluff Lane Bluffton - May River
Deep Water View | 0.87 Acres | $349,000
378 Old Palmetto Bluff Road Palmetto Bluff
Landscape View | 5.75 Acres | $435,000
29 Oxen Lane Rose Hill - Estate Side
Wooded View | 1.67 Acres | $145,000
56 Harbour Passage Windmill Harbour FOR SALE OR TRADE!
Harbor View | 0.31 Acres | $529,000
25 Rawstrom Drive Bluffton - Off Plantation
Wooded View | 2 Acres | $139,000
702 Belfield Drive Ridgeland, Jasper County
405 Mixon’s Corner Road Fairfax, Allendale County
Wooded View | 241 Acres | $996,625
Wooded View | 171 Acres | $470,250
10233 Bufford Bridge Road Fairfax, Allendale County
545 Sand Hill Road Garnett, Hampton County
Wooded View | 321 Acres | $882,750
Wooded View | 91 Acres | $400,000
4715 Cotton Hill Road Tillman, Jasper County
625 Fording Island Road Okatie, Beaufort County
Wooded View | 148 Acres | $518,805
Wooded View | 160 Acres | $320,000
Inventory of Homes For Sale
Number of Closed Home Sales
50
Nickey Maxey, 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
30
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.
9
$7,000,000 $6,000,000
6
$5,000,000
5
$4,000,000
4
$3,000,000
3
13
0
$2,000,000
2
10
Hilton Head Is., SC
Local Postal Customer
$8,000,000
7
20 PRSRT STD US POSTAGE PAID Permit 73
10 8
40
On 06/30/16
9
On 06/30/17
Total Value of Homes Closed
1 0
$1,000,000 4
6
1st Six Months of 2016
1st Six Months of 2017
0
$4,630,000
$6,204,000
1st Six Months of 2016
1st Six 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 July 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.