THE STATE
Our international reach finds home buyers.
of the Wexford Real Estate Market 5
January 2018
Continents
33
KEY METRICS
Countries
750
+
2017 Year-End in Review
Shops
In Wexford Plantation, 19 homes closed in 2017, compared to 28 at the end of 2016. January through December’s total dollar volume was $22.272M, down significantly from $33.462M in 2016. Supply and demand: as of January 3rd, 2018, there are 29 Wexford homes listed for sale with an average of 1.67 homes selling per month over the last six months. That translates into a 17.37-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Wexford. In the lot realm, five lots closed in 2017, compared to seven in the previous year. There are no lots under contract at this present time.
9,000+
Advisors
International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 750 brokerages and 9,000 advisors in highly desirable markets including the United States, Canada and Europe. A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.
19
$1,042,500
92.32%
144
Total Sales
Median Price
Sale to List Price
Median Days on Market
Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Wexford real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
551
Please contact me to schedule a brief introductory meeting and complimentary home valuation.
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales COMMUNITY SPECIALIST Linda Rudd is your Wexford Specialist having previously lived, and been an active member, in the community
for over ten years. Just in the last year, she has had four home sales in Wexford. Please contact her if you’d like a no-obligation home evaluation.
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd Real Estate Advisor, Team Leader
©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.
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
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 • 843-816-5522 Email • linda.rudd@evusa.com Website • www.lindaruddteam.evusa.com
Year
Local Postal Customer
The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% 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 on the Island.
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.
Wexford Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 63 Bridgetown Road Golf, Harbor 5 6 0 7,196 2003 $2,699,000 --Active 19 Knightsbridge Lane Golf, Harbor 5 5 1 5,752 2015 $2,595,000 --Active 60 Wicklow Drive Golf 6 6 2 8,346 2004 $1,995,000 --Active 13 Bridgetown Road Deep Water, Harbor 4 4 1 4,400 1987 $1,995,000 --Active 56 Yorkshire Drive Deep Water, Marsh 5 6 1 7,111 2000 $1,950,000 --Active 2 Wexford On The Grn Harbor, Marsh 4 5 1 6,366 2002 $1,840,000 --Active 2 Wicklow Drive Golf, Pool 5 6 1 5,082 2017 $1,795,000 --Active 12 Castlebridge Court Harbor 5 5 1 5,182 2003 $1,600,000 --Active 8 Wexford Club Drive Harbor 3 3 2 3,519 2000 $1,599,000 --Active 10 Harrogate Drive Golf, Lagoon/Canal 5 5 1 4,900 1992 $1,399,000 --Active 22 Wexford On The Green Deep Water 7 7 1 8,465 2007 $1,349,000 --Active 3 Wicklow Drive Golf, Pool 4 4 1 4,811 2000 $1,140,000 --Active 27 Bridgetown Road Deep Water, Harbor 4 4 1 5,010 1986 $1,095,000 --Active 18 Harrogate Drive Golf 4 3 1 4,750 2005 $979,000 --Active 9 Wexford on the Grn Harbor, Pool 4 3 1 3,824 2007 $979,000 --Active 48 Bridgetown Road Golf, Pool 4 5 1 3,815 1984 $954,000 --Active 44 Yorkshire Drive Golf, Lagoon/Canal 5 5 1 4,607 2000 $952,000 --Active 25 Wexford Circle Golf 5 5 1 4,104 1984 $849,000 --Active 30 Wexford Drive Golf 4 4 1 4,682 1993 $829,000 --Active 19 Coventry Lane Lagoon/Canal, Marsh 4 5 1 4,115 2006 $829,000 --Active 50 Yorkshire Drive Deep Water, Golf 3 3 2 3,840 1996 $799,000 --Active 9 Wexford Club Drive Golf, Lagoon/Canal 4 4 1 3,555 2001 $799,000 --Active 34 Bridgetown Road Golf 4 5 1 5,276 1991 $734,000 --Active 3 Wexford Drive E Lagoon/Canal, Wooded 3 3 2 3,400 2000 $719,000 --Active 10 Wexford On The Green Harbor 3 3 2 2,600 1990 $695,000 --Active 27 Yorkshire Drive Golf 4 3 1 3,200 1985 $649,000 --Active 6 Coventry Lane Marsh 3 3 0 2,323 1990 $595,000 --Active 15 Wexford On The Green Harbor, Landscape 3 3 1 3,297 2000 $559,000 --Active 13 Wexford On The Green Golf, Harbor 3 3 1 2,101 2000 $409,990 --Pending 41 Wicklow Drive Golf 4 5 2 6,200 2016 $1,545,000 --Pending 21 Yorkshire Drive Golf, Lagoon/Canal 4 4 1 4,136 1985 $795,000 --Pending 40 Wexford Club Drive Harbor 5 4 1 4,704 1983 $699,000 --Pending 9 Bridgetown Road Harbor 3 2 1 2,576 1984 $589,000 --Sold 4 Plumbridge Lane Harbor 4 4 3 6,293 2006 $2,500,000 $2,500,000 Sold 18 Wexford Drive Golf 5 5 2 5,498 2003 $1,275,000 $1,275,000 Sold 6 Cambridge Circle Deep Water, Harbor 3 4 1 3,180 1992 $495,000 $495,000 Sold 48 Wexford On The Green Deep Water 3 3 1 2,878 1990 $420,000 $420,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
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 WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
WV
SOUTH ATLANTIC 6.58% USA AVERAGE
6.10%
6.54%
< 0.0% 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 VT (2.0%) ND 2.0%
OR 8.8%
ID 5.0% WY 2.3%
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%
• White-glove professionalism and local market expertise of your dedicated Advisor
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
Let us provide the EDGE you need to sell your home. Contact Linda Rudd for a complimentary, no-obligation home valuation.
EAST SOUTH CENTRAL
WEST SOUTH CENTRAL
NV 9.6%
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
5.96%
4.81%
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.
NEW ENGLAND
5.91% MIDDLE ATLANTIC
MT 6.5%
Extensive Domestic & Global Exposure (EDGE™)
EAST NORTH CENTRAL
5.22%
8.63%
WA 11.5%
TECH FOCUS
KEY TRENDS
> 8.0%
Wexford Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 63 Bridgetown Road Golf, Harbor 5 6 0 7,196 2003 $2,699,000 --Active 19 Knightsbridge Lane Golf, Harbor 5 5 1 5,752 2015 $2,595,000 --Active 60 Wicklow Drive Golf 6 6 2 8,346 2004 $1,995,000 --Active 13 Bridgetown Road Deep Water, Harbor 4 4 1 4,400 1987 $1,995,000 --Active 56 Yorkshire Drive Deep Water, Marsh 5 6 1 7,111 2000 $1,950,000 --Active 2 Wexford On The Grn Harbor, Marsh 4 5 1 6,366 2002 $1,840,000 --Active 2 Wicklow Drive Golf, Pool 5 6 1 5,082 2017 $1,795,000 --Active 12 Castlebridge Court Harbor 5 5 1 5,182 2003 $1,600,000 --Active 8 Wexford Club Drive Harbor 3 3 2 3,519 2000 $1,599,000 --Active 10 Harrogate Drive Golf, Lagoon/Canal 5 5 1 4,900 1992 $1,399,000 --Active 22 Wexford On The Green Deep Water 7 7 1 8,465 2007 $1,349,000 --Active 3 Wicklow Drive Golf, Pool 4 4 1 4,811 2000 $1,140,000 --Active 27 Bridgetown Road Deep Water, Harbor 4 4 1 5,010 1986 $1,095,000 --Active 18 Harrogate Drive Golf 4 3 1 4,750 2005 $979,000 --Active 9 Wexford on the Grn Harbor, Pool 4 3 1 3,824 2007 $979,000 --Active 48 Bridgetown Road Golf, Pool 4 5 1 3,815 1984 $954,000 --Active 44 Yorkshire Drive Golf, Lagoon/Canal 5 5 1 4,607 2000 $952,000 --Active 25 Wexford Circle Golf 5 5 1 4,104 1984 $849,000 --Active 30 Wexford Drive Golf 4 4 1 4,682 1993 $829,000 --Active 19 Coventry Lane Lagoon/Canal, Marsh 4 5 1 4,115 2006 $829,000 --Active 50 Yorkshire Drive Deep Water, Golf 3 3 2 3,840 1996 $799,000 --Active 9 Wexford Club Drive Golf, Lagoon/Canal 4 4 1 3,555 2001 $799,000 --Active 34 Bridgetown Road Golf 4 5 1 5,276 1991 $734,000 --Active 3 Wexford Drive E Lagoon/Canal, Wooded 3 3 2 3,400 2000 $719,000 --Active 10 Wexford On The Green Harbor 3 3 2 2,600 1990 $695,000 --Active 27 Yorkshire Drive Golf 4 3 1 3,200 1985 $649,000 --Active 6 Coventry Lane Marsh 3 3 0 2,323 1990 $595,000 --Active 15 Wexford On The Green Harbor, Landscape 3 3 1 3,297 2000 $559,000 --Active 13 Wexford On The Green Golf, Harbor 3 3 1 2,101 2000 $409,990 --Pending 41 Wicklow Drive Golf 4 5 2 6,200 2016 $1,545,000 --Pending 21 Yorkshire Drive Golf, Lagoon/Canal 4 4 1 4,136 1985 $795,000 --Pending 40 Wexford Club Drive Harbor 5 4 1 4,704 1983 $699,000 --Pending 9 Bridgetown Road Harbor 3 2 1 2,576 1984 $589,000 --Sold 4 Plumbridge Lane Harbor 4 4 3 6,293 2006 $2,500,000 $2,500,000 Sold 18 Wexford Drive Golf 5 5 2 5,498 2003 $1,275,000 $1,275,000 Sold 6 Cambridge Circle Deep Water, Harbor 3 4 1 3,180 1992 $495,000 $495,000 Sold 48 Wexford On The Green Deep Water 3 3 1 2,878 1990 $420,000 $420,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
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 WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
WV
SOUTH ATLANTIC 6.58% USA AVERAGE
6.10%
6.54%
< 0.0% 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 VT (2.0%) ND 2.0%
OR 8.8%
ID 5.0% WY 2.3%
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%
• White-glove professionalism and local market expertise of your dedicated Advisor
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
Let us provide the EDGE you need to sell your home. Contact Linda Rudd for a complimentary, no-obligation home valuation.
EAST SOUTH CENTRAL
WEST SOUTH CENTRAL
NV 9.6%
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
5.96%
4.81%
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.
NEW ENGLAND
5.91% MIDDLE ATLANTIC
MT 6.5%
Extensive Domestic & Global Exposure (EDGE™)
EAST NORTH CENTRAL
5.22%
8.63%
WA 11.5%
TECH FOCUS
KEY TRENDS
> 8.0%
THE STATE
Our international reach finds home buyers.
of the Wexford Real Estate Market 5
January 2018
Continents
33
KEY METRICS
Countries
750
+
2017 Year-End in Review
Shops
In Wexford Plantation, 19 homes closed in 2017, compared to 28 at the end of 2016. January through December’s total dollar volume was $22.272M, down significantly from $33.462M in 2016. Supply and demand: as of January 3rd, 2018, there are 29 Wexford homes listed for sale with an average of 1.67 homes selling per month over the last six months. That translates into a 17.37-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Wexford. In the lot realm, five lots closed in 2017, compared to seven in the previous year. There are no lots under contract at this present time.
9,000+
Advisors
International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 750 brokerages and 9,000 advisors in highly desirable markets including the United States, Canada and Europe. A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.
19
$1,042,500
92.32%
144
Total Sales
Median Price
Sale to List Price
Median Days on Market
Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Wexford real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
551
Please contact me to schedule a brief introductory meeting and complimentary home valuation.
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales COMMUNITY SPECIALIST Linda Rudd is your Wexford Specialist having previously lived, and been an active member, in the community
for over ten years. Just in the last year, she has had four home sales in Wexford. Please contact her if you’d like a no-obligation home evaluation.
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd Real Estate Advisor, Team Leader
©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.
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
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 • 843-816-5522 Email • linda.rudd@evusa.com Website • www.lindaruddteam.evusa.com
Year
Local Postal Customer
The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% 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 on the Island.
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.