THE STATE
Our Portfolio of Fine Homes in The Haven
of the The Haven Real Estate Market
April 2018
KEY METRICS
26 Abbotsbury Place, The Haven at New Riverside
10 Blackstone River Road, The Haven at New Riverside
In The Haven at New Riverside, 13 homes closed in the first quarter of 2018, almost the same amount that closed during the same period last year which was 14. The first three months of 2018 total dollar volume was $5,205,161, up compared to $4,768,680 in 2017. Supply and demand: as of April 2nd, 2018, there are nine Haven homes listed for sale with an average of 5.83 homes selling per month over the last six months. That translates into a 1.54-month supply, considered by industry experts to be a strong seller’s market! There are 20 homes under contract in The Haven.
2 Bedrooms | 2 Bathrooms | 1,886 Htd. SqFt | $349,900
C
O UN N D T E R R A C T
2 Bedrooms | 2 Bathrooms | 1,904 Htd. SqFt | $315,000
50 Blackstone River Road, The Haven at New Riverside
13
$406,815
96%
229
Total Sales
Median Price
Sale to List Price
Median Days on Market
57 Groveview Avenue, The Haven at New Riverside
2 Bedrooms | 2 Bathrooms | 1,755 Htd. SqFt | $324,900
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
C
O UN N D T E R R A C T
C U O IN N ND 4 TR E D A R A C Y T S
2 Bedrooms | 2.5 Bathrooms | 1,913 Htd. SqFt | $334,900
First Quarter of 2018 in Review
724 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through March 31 for Each Year
11 Rolling River Drive, The Haven at New Riverside
2 Bedrooms | 2 Bathrooms | 2,288 Htd. SqFt | $349,000
COMMUNITY SPECIALIST
33 Gatewood Lane, The Haven at New Riverside
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
2 Bedrooms | 2.5 Bathrooms | 2,536 Htd. SqFt | $425,000
Cheryl Kenton is your Haven Real Estate Specialist. Rated the #1 Listing and Selling Agent in The Haven, not only am I your specialist, I’m your neighbor! 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. It is my mission to put The Haven on the map!
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.
PRSRT STD US POSTAGE PAID Permit 73
Hilton Head Is., SC
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% 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 April 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.
The Haven Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 26 Abbotsbury Place Lake, Wooded 2 2 0 1,904 2007 $315,000 --Active 8 Dawn Redwood Court Landscape 2 2 0 1,961 2013 $339,900 --Active 10 Blackstone River Road Lagoon 2 2 0 1,886 2008 $349,900 --Active 3 Groveview Avenue Wooded 3 3 0 2,487 2012 $354,500 --Active 7 Tree Rose Place Lagoon 3 3 0 2,741 2010 $373,000 --Active 81 Groveview Avenue Wooded 2 2 0 2,053 2014 $374,990 --Active 9 Abbotsbury Place Wooded 3 2 0 2,464 2007 $389,900 --Active 28 Cedars Edge Court Lagoon, Wooded 3 3 0 2,676 2015 $416,000 --Active 29 Weeping Willow Drive Lagoon, Wooded 3 2 0 2,036 2016 $449,900 --Pending 41 Gatewood Lane Landscape 2 2 0 1,776 2018 $278,240 --Pending 22 Heathrow Avenue Lagoon 2 2 0 1,755 2018 $308,365 --Pending 81 Heathrow Avenue Lagoon 2 2 0 1,859 2018 $311,890 --Pending 78 Heathrow Avenue Wooded 2 2 0 1,776 2018 $315,415 --Pending 21 Heathrow Avenue Landscape 2 2 0 1,876 2018 $321,465 --Pending 57 Groveview Avenue Landscape 2 2 0 1,755 2014 $324,900 --Pending 14 Sweet Pea Place Wooded 2 2 0 1,755 2018 $338,615 --Pending 6 Waxwing Ct Wooded 3 2 0 2,050 2016 $339,000 --Pending 11 Rolling River Drive Lagoon, Wooded 2 2 0 2,288 2009 $349,000 --Pending 8 Sweet Pea Place Lagoon 2 2 0 1,876 2017 $361,615 --Pending 77 Heathrow Avenue Landscape 2 2 0 1,961 2018 $368,490 --Pending 10 Ocoee Drive Landscape 2 2 1 2,562 2018 $384,165 --Pending 20 Heathrow Avenue Lagoon 2 2 0 2,173 2017 $385,919 --Pending 5 Gatewood Lane Lagoon 3 3 0 2,473 2015 $394,000 --Pending 75 Heathrow Avenue Lagoon 2 2 1 2,772 2018 $411,090 --Pending 10 Groveview Avenue Wooded 3 2 1 2,449 2012 $412,000 --Pending 26 Heathrow Avenue Lagoon 3 3 1 3,469 2018 $414,915 --Pending 33 Gatewood Lane Wooded 2 2 1 2,536 2016 $425,000 --Pending 23 Heathrow Avenue Landscape 3 3 1 3,449 2018 $436,040 --Pending 14 Waxwing Court Wooded 3 3 1 3,269 2015 $489,900 --Sold 54 Ocoee Drive Lagoon 3 2 0 1,656 2015 $289,900 $282,500 Sold 4 Baybridge Court Lagoon, Wooded 3 2 0 2,017 2008 $324,000 $314,000 Sold 7 Cedars Edge Court Landscape 3 2 0 2,414 2014 $385,000 $373,500 Sold 2 Abbotsbury Place Lagoon, Landscape 3 2 0 2,256 2007 $392,000 $382,000 Sold 10 Sweet Pea Place Lagoon 2 2 1 2,736 2017 $400,265 $400,265 Sold 5 Heathrow Avenue Wooded 2 2 1 2,562 2017 $404,490 $404,490 Sold 72 Heathrow Avenue Wooded 2 2 1 2,562 2017 $406,815 $406,815 Sold 74 Heathrow Avenue Wooded 2 2 1 2,562 2017 $408,615 $408,615 Sold 79 Heathrow Avenue Landscape 3 3 0 2,677 2017 $409,515 $409,515 Sold 58 Heathrow Avenue Lagoon 3 3 1 3,269 2017 $444,790 $444,790 Sold 7 Sweet Pea Place Lagoon 3 3 1 3,469 2017 $445,565 $445,565 Sold 17 Heathrow Avenue Landscape 3 3 1 3,449 2017 $458,915 $458,915 Sold 12 Sweet Pea Place Lagoon 3 3 1 3,449 2017 $474,190 $474,190
KEY TRENDS
Rising Mortgage Rates Do Not Lead to Falling Home Prices Source: Keeping Current Matters, March 2018
Home Equity Growing Across America Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%) ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
NV 7.8%
UT 3.8%
CA 9.1%
AZ 6.0%
MN 3.4%
WI 4.1%
SD 3.5%
WY 3.1%
IA 4.1%
NE 3.9%
CO 5.2%
KS 4.1%
4.8%
KY 3.8%
WV 4.0%
PRICES* RATES
The graph on the right, based on data from the Insight Report, reveals what happened to home prices the last six times mortgage rates rose by at least 1%.
2. You can also see that the equity in your house might be more than you think.
SC 4.0% AL 4.4%
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 3.8%
LA 2.6% FL 6.4%
AK
UNITED STATES 4.3%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 5.1%
> 6.0%
Actual Year Over Year % Change in Price by State WA 12.0%
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3% KS 3.9% OK 1.7%
NM 3.5%
IL 3.5%
OH 6.2%
IN 5.3%
6.6%
ME 8.1% NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8%
KY 5.6%
WV 5.0%
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%) DC (2.5%)
NC 5.5%
TN
SC 5.3%
AR 3.5% MS 3.8%
TX 5.7%
NY 5.3%
MI 7.1%
MO 5.6%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK 1.6%
UNITED STATES 6.6%
< 0.0% 0.0% to 1.9% 2.0% to 3.9%
+7%
+3%
DC (3.7%)
NC 3.8%
4.7%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
They went on to reveal that the Freddie Mac National House Price Index is “unresponsive to movements in interest rates. In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
1. You can see that the real estate market is very strong across the whole country.
CT (6.1%) NJ (5.3%) DE (3.9%) MD (4.1%)
VA 4.1%
TN
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%) RI (3.4%)
PA 4.6% OH 4.2%
IN
2.9%
OK 3.0%
NM 3.7%
IL 4.8%
ME 5.7%
NY 4.8%
MI 6.0%
MO 4.6%
TX 2.1%
Definitions for Listings
Many people believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. Freddie Mac published an Insight Report titled Nowhere to Go but Up? How Increasing Mortgage Rates Could Affect Housing and from that report they said:“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home...Because of this link, the financing costs of the existing mortgage are part of the homeowners decision of whether and when to move. Once financing +13% +13% costs for a new mortgage rise above the rate borrowers are paying for their current mortgage, borrowers +11% would have to give up below-market financing to sell their home. Instead, they may choose to delay both the sale of their existing home and the purchase of a new home to maintain the advantageous financing.”
KEY TRENDS
4.0% to 5.9% HI 3.9%
+2%
10/1993 to 12/1994
01/1996 to 11/1996
10/1995 to 05/2005
06/2003 to 06/2004
06/2006 to 07/2006
11/2012 to 12/2013
+2.38%
+1.20%
+1.81%
+1.06%
+1.18%
+1.11%
*SEASONALLY ADJUSTED RATE BETWEEN START AND END DATES
> 6.0%
The Haven Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 26 Abbotsbury Place Lake, Wooded 2 2 0 1,904 2007 $315,000 --Active 8 Dawn Redwood Court Landscape 2 2 0 1,961 2013 $339,900 --Active 10 Blackstone River Road Lagoon 2 2 0 1,886 2008 $349,900 --Active 3 Groveview Avenue Wooded 3 3 0 2,487 2012 $354,500 --Active 7 Tree Rose Place Lagoon 3 3 0 2,741 2010 $373,000 --Active 81 Groveview Avenue Wooded 2 2 0 2,053 2014 $374,990 --Active 9 Abbotsbury Place Wooded 3 2 0 2,464 2007 $389,900 --Active 28 Cedars Edge Court Lagoon, Wooded 3 3 0 2,676 2015 $416,000 --Active 29 Weeping Willow Drive Lagoon, Wooded 3 2 0 2,036 2016 $449,900 --Pending 41 Gatewood Lane Landscape 2 2 0 1,776 2018 $278,240 --Pending 22 Heathrow Avenue Lagoon 2 2 0 1,755 2018 $308,365 --Pending 81 Heathrow Avenue Lagoon 2 2 0 1,859 2018 $311,890 --Pending 78 Heathrow Avenue Wooded 2 2 0 1,776 2018 $315,415 --Pending 21 Heathrow Avenue Landscape 2 2 0 1,876 2018 $321,465 --Pending 57 Groveview Avenue Landscape 2 2 0 1,755 2014 $324,900 --Pending 14 Sweet Pea Place Wooded 2 2 0 1,755 2018 $338,615 --Pending 6 Waxwing Ct Wooded 3 2 0 2,050 2016 $339,000 --Pending 11 Rolling River Drive Lagoon, Wooded 2 2 0 2,288 2009 $349,000 --Pending 8 Sweet Pea Place Lagoon 2 2 0 1,876 2017 $361,615 --Pending 77 Heathrow Avenue Landscape 2 2 0 1,961 2018 $368,490 --Pending 10 Ocoee Drive Landscape 2 2 1 2,562 2018 $384,165 --Pending 20 Heathrow Avenue Lagoon 2 2 0 2,173 2017 $385,919 --Pending 5 Gatewood Lane Lagoon 3 3 0 2,473 2015 $394,000 --Pending 75 Heathrow Avenue Lagoon 2 2 1 2,772 2018 $411,090 --Pending 10 Groveview Avenue Wooded 3 2 1 2,449 2012 $412,000 --Pending 26 Heathrow Avenue Lagoon 3 3 1 3,469 2018 $414,915 --Pending 33 Gatewood Lane Wooded 2 2 1 2,536 2016 $425,000 --Pending 23 Heathrow Avenue Landscape 3 3 1 3,449 2018 $436,040 --Pending 14 Waxwing Court Wooded 3 3 1 3,269 2015 $489,900 --Sold 54 Ocoee Drive Lagoon 3 2 0 1,656 2015 $289,900 $282,500 Sold 4 Baybridge Court Lagoon, Wooded 3 2 0 2,017 2008 $324,000 $314,000 Sold 7 Cedars Edge Court Landscape 3 2 0 2,414 2014 $385,000 $373,500 Sold 2 Abbotsbury Place Lagoon, Landscape 3 2 0 2,256 2007 $392,000 $382,000 Sold 10 Sweet Pea Place Lagoon 2 2 1 2,736 2017 $400,265 $400,265 Sold 5 Heathrow Avenue Wooded 2 2 1 2,562 2017 $404,490 $404,490 Sold 72 Heathrow Avenue Wooded 2 2 1 2,562 2017 $406,815 $406,815 Sold 74 Heathrow Avenue Wooded 2 2 1 2,562 2017 $408,615 $408,615 Sold 79 Heathrow Avenue Landscape 3 3 0 2,677 2017 $409,515 $409,515 Sold 58 Heathrow Avenue Lagoon 3 3 1 3,269 2017 $444,790 $444,790 Sold 7 Sweet Pea Place Lagoon 3 3 1 3,469 2017 $445,565 $445,565 Sold 17 Heathrow Avenue Landscape 3 3 1 3,449 2017 $458,915 $458,915 Sold 12 Sweet Pea Place Lagoon 3 3 1 3,449 2017 $474,190 $474,190
KEY TRENDS
Rising Mortgage Rates Do Not Lead to Falling Home Prices Source: Keeping Current Matters, March 2018
Home Equity Growing Across America Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%) ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
NV 7.8%
UT 3.8%
CA 9.1%
AZ 6.0%
MN 3.4%
WI 4.1%
SD 3.5%
WY 3.1%
IA 4.1%
NE 3.9%
CO 5.2%
KS 4.1%
4.8%
KY 3.8%
WV 4.0%
PRICES* RATES
The graph on the right, based on data from the Insight Report, reveals what happened to home prices the last six times mortgage rates rose by at least 1%.
2. You can also see that the equity in your house might be more than you think.
SC 4.0% AL 4.4%
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 3.8%
LA 2.6% FL 6.4%
AK
UNITED STATES 4.3%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 5.1%
> 6.0%
Actual Year Over Year % Change in Price by State WA 12.0%
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3% KS 3.9% OK 1.7%
NM 3.5%
IL 3.5%
OH 6.2%
IN 5.3%
6.6%
ME 8.1% NH (5.8%) MA (6.2%) RI (8.2%)
PA 3.8%
KY 5.6%
WV 5.0%
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%) DC (2.5%)
NC 5.5%
TN
SC 5.3%
AR 3.5% MS 3.8%
TX 5.7%
NY 5.3%
MI 7.1%
MO 5.6%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK 1.6%
UNITED STATES 6.6%
< 0.0% 0.0% to 1.9% 2.0% to 3.9%
+7%
+3%
DC (3.7%)
NC 3.8%
4.7%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
They went on to reveal that the Freddie Mac National House Price Index is “unresponsive to movements in interest rates. In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
1. You can see that the real estate market is very strong across the whole country.
CT (6.1%) NJ (5.3%) DE (3.9%) MD (4.1%)
VA 4.1%
TN
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%) RI (3.4%)
PA 4.6% OH 4.2%
IN
2.9%
OK 3.0%
NM 3.7%
IL 4.8%
ME 5.7%
NY 4.8%
MI 6.0%
MO 4.6%
TX 2.1%
Definitions for Listings
Many people believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. Freddie Mac published an Insight Report titled Nowhere to Go but Up? How Increasing Mortgage Rates Could Affect Housing and from that report they said:“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home...Because of this link, the financing costs of the existing mortgage are part of the homeowners decision of whether and when to move. Once financing +13% +13% costs for a new mortgage rise above the rate borrowers are paying for their current mortgage, borrowers +11% would have to give up below-market financing to sell their home. Instead, they may choose to delay both the sale of their existing home and the purchase of a new home to maintain the advantageous financing.”
KEY TRENDS
4.0% to 5.9% HI 3.9%
+2%
10/1993 to 12/1994
01/1996 to 11/1996
10/1995 to 05/2005
06/2003 to 06/2004
06/2006 to 07/2006
11/2012 to 12/2013
+2.38%
+1.20%
+1.81%
+1.06%
+1.18%
+1.11%
*SEASONALLY ADJUSTED RATE BETWEEN START AND END DATES
> 6.0%
THE STATE
Our Portfolio of Fine Homes in The Haven
of the The Haven Real Estate Market
April 2018
KEY METRICS
26 Abbotsbury Place, The Haven at New Riverside
10 Blackstone River Road, The Haven at New Riverside
In The Haven at New Riverside, 13 homes closed in the first quarter of 2018, almost the same amount that closed during the same period last year which was 14. The first three months of 2018 total dollar volume was $5,205,161, up compared to $4,768,680 in 2017. Supply and demand: as of April 2nd, 2018, there are nine Haven homes listed for sale with an average of 5.83 homes selling per month over the last six months. That translates into a 1.54-month supply, considered by industry experts to be a strong seller’s market! There are 20 homes under contract in The Haven.
2 Bedrooms | 2 Bathrooms | 1,886 Htd. SqFt | $349,900
C
O UN N D T E R R A C T
2 Bedrooms | 2 Bathrooms | 1,904 Htd. SqFt | $315,000
50 Blackstone River Road, The Haven at New Riverside
13
$406,815
96%
229
Total Sales
Median Price
Sale to List Price
Median Days on Market
57 Groveview Avenue, The Haven at New Riverside
2 Bedrooms | 2 Bathrooms | 1,755 Htd. SqFt | $324,900
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
C
O UN N D T E R R A C T
C U O IN N ND 4 TR E D A R A C Y T S
2 Bedrooms | 2.5 Bathrooms | 1,913 Htd. SqFt | $334,900
First Quarter of 2018 in Review
724 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales YTD Through March 31 for Each Year
11 Rolling River Drive, The Haven at New Riverside
2 Bedrooms | 2 Bathrooms | 2,288 Htd. SqFt | $349,000
COMMUNITY SPECIALIST
33 Gatewood Lane, The Haven at New Riverside
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
2 Bedrooms | 2.5 Bathrooms | 2,536 Htd. SqFt | $425,000
Cheryl Kenton is your Haven Real Estate Specialist. Rated the #1 Listing and Selling Agent in The Haven, not only am I your specialist, I’m your neighbor! 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. It is my mission to put The Haven on the map!
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.
PRSRT STD US POSTAGE PAID Permit 73
Hilton Head Is., SC
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% 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 April 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.