THE STATE
N T
Our Portfolio of Fine Homes in Leamington R PR O I V C E E M E
of the Leamington Real Estate Market
IM
P
August 2018
KEY METRICS
22 Arthur Hills Court, Leamington
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $850,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
First Seven Months of 2018 in Review
Leamington’s first seven months of 2018 sales are still slightly behind last year: Eight homes closed this year compared to the ten homes which closed last year. The first seven months total dollar volume of homes sold in 2018 was $6,495,000, down from $10,015,000 in 2017. Supply and demand: As of July 31st, there are ten homes listed for sale with an average of 1.14 homes selling per month over the past seven months. That translates into an 8.75-month supply, considered by industry experts to be a buyer’s market. As of July 31, 2018, there are three homes pending/under contract. In the lot realm, three lots closed this year with two lots marketed for sale.
8
$832,000
96.44%
20
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
27 S Shore Drive, Leamington 4 Bedrooms | 4.5 Bathrooms | 3,572 Htd. SqFt | Lagoon/Pool View | $1,299,000 Exquisite Lowcountry Home This custom built one-owner home is just an 8-minute walk or 3-minute golf cart ride to the Atlantic. Long lagoon views and privacy make this residence one of a kind. As you enter this contemporary home, you are welcomed by a gracious 2-story living room that overlooks the pool and lagoon - absolutely mesmerizing! The spacious master suite has a top-of-the-line jacuzzi (with music/lights), plus his and her baths and closets. It also features an often wanted but seldom found in-law/guest suite with a kitchenette and living room. Conveniently located to all that Hilton Head Island has to offer including restaurants, shopping, amenities, and more!
COMMUNITY SPECIALIST The Clarke Team is your Leamington Real Estate Specialist. Are you considering listing your home? Please
contact us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors 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 • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.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
ACTIVE LISTINGS ON HILTON HEAD ISLAND
604 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through July 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
470
$489,000
2014
472
$488,000
2015
519
$530,000
2016
508
$524,000
2017
539
$530,000
2018
634
$548,000
In 2018 the Hilton Head Island housing market enjoyed its best first seven months in 13 years, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, first seven months home sales in 2018 are up to 634, a rather significant 18% increase from 2017. Additionally, home prices are up 3.4% from 2017 and at their highest price in nine years. The median price of homes selling in the US is at its highest ever. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in real estate on the Island.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2018 through August 7, 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.
Leamington Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold
9 Leamington Court 27 S Shore Drive 4 Fairway Court 81 Leamington Lane 6 Covington Court 22 Arthur Hills Court 73 Leamington Lane 12 Queens Way 47 Queens Way 11 Brassie Court 15 S Shore Place 18 Leamington Lane 17 Interlochen Drive 11 Leamington Lane 11 S Shore Drive 55 Heath Court W 4 Covington Place 10 Arthur Hills Court 85 Leamington Lane 51 Heath Court W 2 Merion Court
Lagoon Lagoon, Pool Golf, Lagoon Golf Lagoon Golf, Lagoon Golf Wooded Golf Golf Lagoon, Pool Golf Pool Lagoon Lagoon Golf, Lagoon Lagoon Golf, Lagoon Golf Golf Landscape
The Number One Reason to Put Your House on the Market Today!
TOTAL APPROX. FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE 5 5 1 1995 4,465 4 4 1 1993 3,572 4 4 1 2004 5,000 4 4 1 1989 4,055 4 4 0 1989 2,479 4 3 1 1993 3,500 4 4 0 1992 3,400 3 3 0 2000 2,707 3 2 1 1993 3,003 3 2 0 1991 2,056 4 4 1 2010 5,450 4 3 0 1989 2,788 5 4 1 2002 3,400 5 5 1 2002 4,140 4 3 1 1995 3,276 3 4 1 1990 3,524 3 3 1 1990 2,504 4 3 0 1992 3,251 4 3 1 1995 3,328 4 4 0 1990 4,335 3 2 0 1980 1,698
Source: Keeping Current Matters, August 2018
LIST PRICE CLOSE PRICE $1,425,000 $1,299,000 $1,295,000 $959,900 $875,000 $875,000 $799,000 $729,000 $625,000 $525,000 $1,995,000 $799,000 $759,000 $1,199,000 $1,050,000 $929,000 $869,900 $827,500 $784,500 $699,000 $529,000
--------------------------$1,150,000 $1,050,000 $855,000 $855,000 $810,000 $730,000 $532,000 $513,000
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.
KEY TRENDS
NAR’s Chief Economist Lawrence Yun had this to say, “It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.” The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days. Bottom Line - If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 31, 2018
Giving You The EDGE™- Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home 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 • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
KEY TRENDS
Source: Gallup via Keeping Current Matters, August 2018
• White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Clarke Team for a complimentary, no-obligation home valuation.
Americans Rank Real Estate as the Best Investment for Five Years Running!
35%
34%
34% Real Estate
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
15%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
10%
34% REAL ESTATE
2011
2012
2013
2014
2015
2016
2017
2018
15% SAVINGS ACCOUNT
Real estate has come a long way since 2011, when 34% of Americans favored gold as the best investment. Of the four listed above real estate is the only investment you can live in. Generations also agree that real estate is the best investment! Millenials - 29% | Generation X - 37% | Baby Boomers - 34%
Leamington Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold
9 Leamington Court 27 S Shore Drive 4 Fairway Court 81 Leamington Lane 6 Covington Court 22 Arthur Hills Court 73 Leamington Lane 12 Queens Way 47 Queens Way 11 Brassie Court 15 S Shore Place 18 Leamington Lane 17 Interlochen Drive 11 Leamington Lane 11 S Shore Drive 55 Heath Court W 4 Covington Place 10 Arthur Hills Court 85 Leamington Lane 51 Heath Court W 2 Merion Court
Lagoon Lagoon, Pool Golf, Lagoon Golf Lagoon Golf, Lagoon Golf Wooded Golf Golf Lagoon, Pool Golf Pool Lagoon Lagoon Golf, Lagoon Lagoon Golf, Lagoon Golf Golf Landscape
The Number One Reason to Put Your House on the Market Today!
TOTAL APPROX. FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE 5 5 1 1995 4,465 4 4 1 1993 3,572 4 4 1 2004 5,000 4 4 1 1989 4,055 4 4 0 1989 2,479 4 3 1 1993 3,500 4 4 0 1992 3,400 3 3 0 2000 2,707 3 2 1 1993 3,003 3 2 0 1991 2,056 4 4 1 2010 5,450 4 3 0 1989 2,788 5 4 1 2002 3,400 5 5 1 2002 4,140 4 3 1 1995 3,276 3 4 1 1990 3,524 3 3 1 1990 2,504 4 3 0 1992 3,251 4 3 1 1995 3,328 4 4 0 1990 4,335 3 2 0 1980 1,698
Source: Keeping Current Matters, August 2018
LIST PRICE CLOSE PRICE $1,425,000 $1,299,000 $1,295,000 $959,900 $875,000 $875,000 $799,000 $729,000 $625,000 $525,000 $1,995,000 $799,000 $759,000 $1,199,000 $1,050,000 $929,000 $869,900 $827,500 $784,500 $699,000 $529,000
--------------------------$1,150,000 $1,050,000 $855,000 $855,000 $810,000 $730,000 $532,000 $513,000
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.
KEY TRENDS
NAR’s Chief Economist Lawrence Yun had this to say, “It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.” The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days. Bottom Line - If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 31, 2018
Giving You The EDGE™- Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home 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 • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
KEY TRENDS
Source: Gallup via Keeping Current Matters, August 2018
• White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Clarke Team for a complimentary, no-obligation home valuation.
Americans Rank Real Estate as the Best Investment for Five Years Running!
35%
34%
34% Real Estate
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
15%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
10%
34% REAL ESTATE
2011
2012
2013
2014
2015
2016
2017
2018
15% SAVINGS ACCOUNT
Real estate has come a long way since 2011, when 34% of Americans favored gold as the best investment. Of the four listed above real estate is the only investment you can live in. Generations also agree that real estate is the best investment! Millenials - 29% | Generation X - 37% | Baby Boomers - 34%
THE STATE
N T
Our Portfolio of Fine Homes in Leamington R PR O I V C E E M E
of the Leamington Real Estate Market
IM
P
August 2018
KEY METRICS
22 Arthur Hills Court, Leamington
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $850,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
First Seven Months of 2018 in Review
Leamington’s first seven months of 2018 sales are still slightly behind last year: Eight homes closed this year compared to the ten homes which closed last year. The first seven months total dollar volume of homes sold in 2018 was $6,495,000, down from $10,015,000 in 2017. Supply and demand: As of July 31st, there are ten homes listed for sale with an average of 1.14 homes selling per month over the past seven months. That translates into an 8.75-month supply, considered by industry experts to be a buyer’s market. As of July 31, 2018, there are three homes pending/under contract. In the lot realm, three lots closed this year with two lots marketed for sale.
8
$832,000
96.44%
20
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
27 S Shore Drive, Leamington 4 Bedrooms | 4.5 Bathrooms | 3,572 Htd. SqFt | Lagoon/Pool View | $1,299,000 Exquisite Lowcountry Home This custom built one-owner home is just an 8-minute walk or 3-minute golf cart ride to the Atlantic. Long lagoon views and privacy make this residence one of a kind. As you enter this contemporary home, you are welcomed by a gracious 2-story living room that overlooks the pool and lagoon - absolutely mesmerizing! The spacious master suite has a top-of-the-line jacuzzi (with music/lights), plus his and her baths and closets. It also features an often wanted but seldom found in-law/guest suite with a kitchenette and living room. Conveniently located to all that Hilton Head Island has to offer including restaurants, shopping, amenities, and more!
COMMUNITY SPECIALIST The Clarke Team is your Leamington Real Estate Specialist. Are you considering listing your home? Please
contact us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors 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 • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.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
ACTIVE LISTINGS ON HILTON HEAD ISLAND
604 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through July 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
470
$489,000
2014
472
$488,000
2015
519
$530,000
2016
508
$524,000
2017
539
$530,000
2018
634
$548,000
In 2018 the Hilton Head Island housing market enjoyed its best first seven months in 13 years, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, first seven months home sales in 2018 are up to 634, a rather significant 18% increase from 2017. Additionally, home prices are up 3.4% from 2017 and at their highest price in nine years. The median price of homes selling in the US is at its highest ever. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in real estate on the Island.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2018 through August 7, 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.