THE STATE
Our Portfolio of Fine Homes in The Haven
of the The Haven Real Estate Market
January 2018
KEY METRICS
2017 Year-End in Review
In The Haven at New Riverside, 71 homes closed in 2017, compared to 64 at the end of 2016. January through December’s total dollar volume was $25M, up slightly from a total volume of $23M in 2016. Supply and demand: as of January 3rd, 2018, there are 13 homes listed for sale in The Haven with an average of 7.17 homes selling per month over the last six months. That translates into a 1.81-month supply, considered by industry experts to be an incredibly strong seller’s market. There are 14 homes under contract in The Haven.
2
2
Bedrooms
Bathrooms
$349,390
97%
86
Total Sales
Median Price
Sale to List Price
Median Days on Market
1,814 Htd. Square Feet
$299,900
D
C U O IN N ND 4 TR E D A R A C Y T S
Popular Copper Ridge Open Floor Plan Designed with entertaining in mind, and offering spacious areas to enhance any lifestyle, this comfortable home exudes warmth and Southern hospitality. The workable kitchen area with granite counters and a breakfast bar is open to the great room, large dining area, and Carolina room. Discover exceptional lighting, chandeliers, flooring, and fans at every turn. Begin and end the day in the large master suite with a tray ceiling, plantation shutters, a soaking tub and separate shower, and one of the largest closets a master has to offer. The covered porch and brick patio in the backyard are the ideal places for enjoying the Lowcountry’s sights and sounds. Also, the home boasts a separate den, a guest bedroom with a bathroom, composite siding, a two-car garage and more. 35 Evening Tide Way, The Haven at New Riverside
71
S
O
L
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
691 33 Gatewood Lane, The Haven at New Riverside
2 Bedrooms | 2.5 Bathrooms | 2,536 Htd. SqFt | $425,000
YTD Greater Bluffton Home Sales
18 Abbotsbury Place, The Haven at New Riverside
2 Bedrooms | 2 Bathrooms | 1,736 Htd. SqFt | $311,100
COMMUNITY SPECIALIST Cheryl Kenton is your Haven 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.
Cheryl Kenton, 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 • 843-540-4572 Email • cheryl.kenton@evusa.com Website • www.cherylkenton.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.
How’s the Bluffton Real Estate Market Doing?
PRSRT STD US POSTAGE PAID Permit 73
Year
Number of Homes Sold
Median Price
2013
1,556
$229,000
2014
1,438
$245,000
2015
1,754
$265,000
2016
1,958
$280,000
2017
2,036
$295,000
Hilton Head Is., SC
The Greater Bluffton housing market continues to be on fire, setting the all-time record for 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, homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 1,172 sales. In 2017 though, an extraordinary 2,036 homes were sold, bettering the pre-recession peak by 27%. In other positive news, home values in 2017 were up 5.4% over 2016 prices. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to purchase 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 2017 through November 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.
The Haven Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 10 Groveview Avenue Wooded 3 2 1 2,449 2012 $422,000 --Active 3 Whitepoint Gardens Way Lagoon/Canal, Landscape 3 2 1 2,758 2010 $419,900 --Active 5 Gatewood Lane Lagoon/Canal 3 3 0 2,473 2015 $399,000 --Active 9 Abbotsbury Place Wooded 3 2 0 2,464 2007 $389,900 --Active 7 Tree Rose Place Lagoon/Canal 3 3 0 2,741 2010 $380,000 --Active 15 Cedars Edge Court Landscape 3 2 0 2,108 2014 $344,000 --Active 2 Blackstone River Road Lagoon/Canal 3 2 0 2,098 2008 $342,000 --Active 50 Blackstone River Road Lagoon/Canal 2 2 0 1,913 2007 $325,000 --Active 4 Evening Tide Way Wooded 2 2 0 1,915 2008 $324,500 --Active 4 Baybridge Court Lagoon/Canal, Wooded 3 2 0 2,017 2008 $324,000 --Active 26 Abbotsbury Place Wooded 2 2 0 1,904 2007 $320,000 --Active 35 Evening Tide Way Landscape 2 2 0 1,814 2010 $299,900 --Active 54 Ocoee Drive Lagoon/Canal 3 2 0 1,656 2015 $289,900 --Pending 79 Heathrow Avenue Landscape 3 3 0 2,677 2017 $409,515 --Pending 72 Heathrow Avenue Wooded 2 2 1 2,562 2017 $409,290 --Pending 74 Heathrow Avenue Wooded 2 2 1 2,562 2017 $408,615 --Pending 5 Heathrow Avenue Wooded 2 2 1 2,562 2017 $404,490 --Pending 10 Sweet Pea Place Lagoon/Canal 2 2 1 2,736 2017 $401,265 --Pending 2 Abbotsbury Place Lagoon/Canal, Landscape 3 2 0 2,256 2007 $392,000 --Pending 20 Heathrow Avenue Lagoon/Canal 2 2 0 2,173 2017 $385,919 --Pending 7 Cedars Edge Court Landscape 3 2 0 2,414 2014 $385,000 --Pending 8 Sweet Pea Place Lagoon/Canal 2 2 0 1,876 2017 $361,615 --Sold 20 Ocoee Drive Wooded 3 3 1 3,239 2017 $464,065 $464,065 Sold 25 Ocoee Drive Wooded 3 3 0 2,911 2017 $423,344 $423,344 Sold 16 Heathrow Avenue Lagoon/Canal 3 3 0 2,437 2017 $411,490 $411,490 Sold 4 Gatewood Lane Lagoon/Canal 3 3 0 2,766 2016 $407,400 $407,400 Sold 6 Sweet Pea Place Lagoon/Canal 3 3 0 2,437 2017 $396,290 $396,290 Sold 18 Heathrow Avenue Lagoon/Canal 3 3 0 2,522 2017 $387,540 $387,540 Sold 5 Miramar Court Lagoon/Canal 3 2 0 2,446 2008 $380,000 $380,000 Sold 76 Heathrow Avenue Wooded 2 2 1 2,536 2017 $379,590 $379,590 Sold 16 Ocoee Drive Wooded 3 3 0 3,220 2017 $378,865 $378,865 Sold 6 Abbotsbury Place Landscape, Wooded 3 3 1 2,878 2007 $375,000 $375,000 Sold 6 Heathrow Avenue Lagoon/Canal 3 3 1 2,522 2017 $373,515 $373,515 Sold 57 Gatewood Lane Wooded 3 3 0 2,437 2017 $362,515 $362,515 Sold 15 Ocoee Drive Lagoon/Canal 2 2 0 1,961 2017 $359,990 $359,990 Sold 8 Heathrow Avenue Lagoon/Canal 2 2 1 1,859 2017 $352,465 $352,465 Sold 5 Rolling River Drive Lake, Wooded 3 2 0 2,254 2007 $350,000 $350,000 Sold 7 Heathrow Avenue Wooded 3 3 0 2,151 2017 $349,390 $349,390 Sold 59 Evening Tide Way Lagoon/Canal 2 2 0 1,897 2010 $334,000 $334,000 Sold 5 Evening Tide Way Landscape 2 2 0 1,994 2008 $318,000 $318,000 Sold 18 Abbotsbury Place Wooded 2 2 0 1,736 2007 $311,100 $311,100 Sold 31 Cedars Edge Court Landscape 2 2 0 1,866 2015 $302,000 $302,000 Sold 46 Gatewood Lane Lagoon/Canal 2 2 0 1,755 2017 $301,090 $301,090 Sold 55 Gatewood Lane Wooded 2 2 0 1,776 2017 $290,465 $290,465 Sold 59 Gatewood Lane Wooded 2 2 0 1,876 2017 $262,390 $262,390
Home Prices Up 6.54% Across the Country Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region
TECH FOCUS
Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
MOUNTAIN
8.91%
Let us provide the EDGE you need to sell your home. Contact Cheryl Kenton for a complimentary, no-obligation home valuation.
NEW ENGLAND
5.91%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
< 0.0% WEST SOUTH CENTRAL
0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1% KS 4.6% OK 4.0%
NM 5.4%
IL 3.9%
OH 5.9%
IN 5.6%
8.7%
ME 7.2% NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3%
KY 7.3%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
TX 7.1%
NY 5.8%
MI 7.9%
MO 5.6%
AL 4.3%
GA 7.6%
FL 8.1%
AK 3.1%
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
“
Waiting to move may end up costing you more!
”
LA 4.4%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor
EAST NORTH CENTRAL
5.22%
8.63%
Extensive Domestic & Global Exposure (EDGE™) Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
WEST NORTH CENTRAL
PACIFIC
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
KEY TRENDS
> 8.0%
The Haven Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 10 Groveview Avenue Wooded 3 2 1 2,449 2012 $422,000 --Active 3 Whitepoint Gardens Way Lagoon/Canal, Landscape 3 2 1 2,758 2010 $419,900 --Active 5 Gatewood Lane Lagoon/Canal 3 3 0 2,473 2015 $399,000 --Active 9 Abbotsbury Place Wooded 3 2 0 2,464 2007 $389,900 --Active 7 Tree Rose Place Lagoon/Canal 3 3 0 2,741 2010 $380,000 --Active 15 Cedars Edge Court Landscape 3 2 0 2,108 2014 $344,000 --Active 2 Blackstone River Road Lagoon/Canal 3 2 0 2,098 2008 $342,000 --Active 50 Blackstone River Road Lagoon/Canal 2 2 0 1,913 2007 $325,000 --Active 4 Evening Tide Way Wooded 2 2 0 1,915 2008 $324,500 --Active 4 Baybridge Court Lagoon/Canal, Wooded 3 2 0 2,017 2008 $324,000 --Active 26 Abbotsbury Place Wooded 2 2 0 1,904 2007 $320,000 --Active 35 Evening Tide Way Landscape 2 2 0 1,814 2010 $299,900 --Active 54 Ocoee Drive Lagoon/Canal 3 2 0 1,656 2015 $289,900 --Pending 79 Heathrow Avenue Landscape 3 3 0 2,677 2017 $409,515 --Pending 72 Heathrow Avenue Wooded 2 2 1 2,562 2017 $409,290 --Pending 74 Heathrow Avenue Wooded 2 2 1 2,562 2017 $408,615 --Pending 5 Heathrow Avenue Wooded 2 2 1 2,562 2017 $404,490 --Pending 10 Sweet Pea Place Lagoon/Canal 2 2 1 2,736 2017 $401,265 --Pending 2 Abbotsbury Place Lagoon/Canal, Landscape 3 2 0 2,256 2007 $392,000 --Pending 20 Heathrow Avenue Lagoon/Canal 2 2 0 2,173 2017 $385,919 --Pending 7 Cedars Edge Court Landscape 3 2 0 2,414 2014 $385,000 --Pending 8 Sweet Pea Place Lagoon/Canal 2 2 0 1,876 2017 $361,615 --Sold 20 Ocoee Drive Wooded 3 3 1 3,239 2017 $464,065 $464,065 Sold 25 Ocoee Drive Wooded 3 3 0 2,911 2017 $423,344 $423,344 Sold 16 Heathrow Avenue Lagoon/Canal 3 3 0 2,437 2017 $411,490 $411,490 Sold 4 Gatewood Lane Lagoon/Canal 3 3 0 2,766 2016 $407,400 $407,400 Sold 6 Sweet Pea Place Lagoon/Canal 3 3 0 2,437 2017 $396,290 $396,290 Sold 18 Heathrow Avenue Lagoon/Canal 3 3 0 2,522 2017 $387,540 $387,540 Sold 5 Miramar Court Lagoon/Canal 3 2 0 2,446 2008 $380,000 $380,000 Sold 76 Heathrow Avenue Wooded 2 2 1 2,536 2017 $379,590 $379,590 Sold 16 Ocoee Drive Wooded 3 3 0 3,220 2017 $378,865 $378,865 Sold 6 Abbotsbury Place Landscape, Wooded 3 3 1 2,878 2007 $375,000 $375,000 Sold 6 Heathrow Avenue Lagoon/Canal 3 3 1 2,522 2017 $373,515 $373,515 Sold 57 Gatewood Lane Wooded 3 3 0 2,437 2017 $362,515 $362,515 Sold 15 Ocoee Drive Lagoon/Canal 2 2 0 1,961 2017 $359,990 $359,990 Sold 8 Heathrow Avenue Lagoon/Canal 2 2 1 1,859 2017 $352,465 $352,465 Sold 5 Rolling River Drive Lake, Wooded 3 2 0 2,254 2007 $350,000 $350,000 Sold 7 Heathrow Avenue Wooded 3 3 0 2,151 2017 $349,390 $349,390 Sold 59 Evening Tide Way Lagoon/Canal 2 2 0 1,897 2010 $334,000 $334,000 Sold 5 Evening Tide Way Landscape 2 2 0 1,994 2008 $318,000 $318,000 Sold 18 Abbotsbury Place Wooded 2 2 0 1,736 2007 $311,100 $311,100 Sold 31 Cedars Edge Court Landscape 2 2 0 1,866 2015 $302,000 $302,000 Sold 46 Gatewood Lane Lagoon/Canal 2 2 0 1,755 2017 $301,090 $301,090 Sold 55 Gatewood Lane Wooded 2 2 0 1,776 2017 $290,465 $290,465 Sold 59 Gatewood Lane Wooded 2 2 0 1,876 2017 $262,390 $262,390
Home Prices Up 6.54% Across the Country Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region
TECH FOCUS
Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
MOUNTAIN
8.91%
Let us provide the EDGE you need to sell your home. Contact Cheryl Kenton for a complimentary, no-obligation home valuation.
NEW ENGLAND
5.91%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
< 0.0% WEST SOUTH CENTRAL
0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1% KS 4.6% OK 4.0%
NM 5.4%
IL 3.9%
OH 5.9%
IN 5.6%
8.7%
ME 7.2% NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3%
KY 7.3%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
TX 7.1%
NY 5.8%
MI 7.9%
MO 5.6%
AL 4.3%
GA 7.6%
FL 8.1%
AK 3.1%
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
“
Waiting to move may end up costing you more!
”
LA 4.4%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor
EAST NORTH CENTRAL
5.22%
8.63%
Extensive Domestic & Global Exposure (EDGE™) Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
WEST NORTH CENTRAL
PACIFIC
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
KEY TRENDS
> 8.0%
THE STATE
Our Portfolio of Fine Homes in The Haven
of the The Haven Real Estate Market
January 2018
KEY METRICS
2017 Year-End in Review
In The Haven at New Riverside, 71 homes closed in 2017, compared to 64 at the end of 2016. January through December’s total dollar volume was $25M, up slightly from a total volume of $23M in 2016. Supply and demand: as of January 3rd, 2018, there are 13 homes listed for sale in The Haven with an average of 7.17 homes selling per month over the last six months. That translates into a 1.81-month supply, considered by industry experts to be an incredibly strong seller’s market. There are 14 homes under contract in The Haven.
2
2
Bedrooms
Bathrooms
$349,390
97%
86
Total Sales
Median Price
Sale to List Price
Median Days on Market
1,814 Htd. Square Feet
$299,900
D
C U O IN N ND 4 TR E D A R A C Y T S
Popular Copper Ridge Open Floor Plan Designed with entertaining in mind, and offering spacious areas to enhance any lifestyle, this comfortable home exudes warmth and Southern hospitality. The workable kitchen area with granite counters and a breakfast bar is open to the great room, large dining area, and Carolina room. Discover exceptional lighting, chandeliers, flooring, and fans at every turn. Begin and end the day in the large master suite with a tray ceiling, plantation shutters, a soaking tub and separate shower, and one of the largest closets a master has to offer. The covered porch and brick patio in the backyard are the ideal places for enjoying the Lowcountry’s sights and sounds. Also, the home boasts a separate den, a guest bedroom with a bathroom, composite siding, a two-car garage and more. 35 Evening Tide Way, The Haven at New Riverside
71
S
O
L
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
691 33 Gatewood Lane, The Haven at New Riverside
2 Bedrooms | 2.5 Bathrooms | 2,536 Htd. SqFt | $425,000
YTD Greater Bluffton Home Sales
18 Abbotsbury Place, The Haven at New Riverside
2 Bedrooms | 2 Bathrooms | 1,736 Htd. SqFt | $311,100
COMMUNITY SPECIALIST Cheryl Kenton is your Haven 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.
Cheryl Kenton, 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 • 843-540-4572 Email • cheryl.kenton@evusa.com Website • www.cherylkenton.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.
How’s the Bluffton Real Estate Market Doing?
PRSRT STD US POSTAGE PAID Permit 73
Year
Number of Homes Sold
Median Price
2013
1,556
$229,000
2014
1,438
$245,000
2015
1,754
$265,000
2016
1,958
$280,000
2017
2,036
$295,000
Hilton Head Is., SC
The Greater Bluffton housing market continues to be on fire, setting the all-time record for 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, homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 1,172 sales. In 2017 though, an extraordinary 2,036 homes were sold, bettering the pre-recession peak by 27%. In other positive news, home values in 2017 were up 5.4% over 2016 prices. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to purchase 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 2017 through November 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.