THE STATE
Our Portfolio of Fine Homes in Wexford
of the Wexford Real Estate Market
July 2018
KEY METRICS
First Six Months of 2018 in Review
In Wexford, 13 homes closed in the first six months of 2018, compared to nine homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $16,920,000, up compared to $8,597,502 during the same period last year. Supply and demand: as of July 3rd, 2018, there are 31 Wexford homes listed for sale with an average of 2.16 homes selling per month over the last six months. That translates into a 14.35-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Wexford. In addition, there are currently 26 lots for sale in Wexford. Two have sold in the last six months and two are under contract.
13
$1,445,000
94.49%
287
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
626 A Singular Property Sequestered in the premier harbor setting of a private golf club community, this spectacular property makes a captivating statement throughout. The impressive street presence, enhanced by circular-drive drama on an expansive home site, sets the stage for this wonderfully designed home. Lush landscaping and cul-de-sac privacy add further appeal. The engaging open floor plan masterfully couples soaring ceilings with endless glass creating a sunlit ambiance on the mesmerizing 180° golf vista. A premium view. Updated throughout and featuring an enduring architectural style, this upscale, yet understated, spacious home shows like a model perfectly fitting our envied island lifestyle. It showcases beautiful baths: lovely granite; stainless steel appliances; gleaming hardwood; stone; designer tile; great master suite; private covered guest-deck. Nestled in the seclusion afforded by a spectacular view, the dramatic pool and multi-level deck setting, complete with pool bath, crowns this exceptional property. How could it get any better? It actually does as this boater’s dream is located just a stone’s throw from the famous beaches of Hilton Head Island. 48 Bridgetown Road, Wexford 4 Bedrooms | 5.5 Bathrooms | 3,900 Htd. SqFt | $874,000 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
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 ©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.
Local Postal Customer
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through June 30 for Each Year
Year
Number of Homes Sold
Median Price
2013
398
$489,000
2014
396
$495,000
2015
434
$533,000
2016
450
$512,000
2017
458
$546,000
2018
540
$545,000
In 2018 the Hilton Head Island housing market enjoyed its best first half of the year 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 half home sales in 2018 are up to 540, a rather significant 18% increase from 2017. Essentially home prices on the Island have remained flat for the last two years but are up 6.4% from 2016. 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 July 5, 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.
Wexford Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
65 Bridgetown Road 21 Plumbridge Lane 22 Castlebridge Court 60 Wicklow Drive 60 Yorkshire Drive 9 Cambridge Circle 2 Wicklow Drive 56 Yorkshire Drive 54 Wicklow Drive 12 Castlebridge Court 22 Wexford On The Green 3 Wicklow Drive 42 Bridgetown Road 33 Wexford Club Drive 9 Wexford on the Green 18 Harrogate Drive 8 Bridgetown Road 48 Bridgetown Road 19 Coventry Lane 9 Wexford Club Drive 31 Oxford Drive 6 Oxford Drive 50 Yorkshire Drive 34 Bridgetown Road 2 Coventry Lane 40 Wexford Club Drive 10 Wexford On The Green 20 Wexford On The Green 57 Wexford On The Green 45 Wexford On The Green 13 Wexford On The Green 2 Wexford On The Green 23 Wexford Drive 8 Wexford Club Drive 27 Bridgetown Road 19 Knightsbridge Lane 13 Bridgetown Road 19 Bridgetown Road 52 Yorkshire Drive 2 Wexford On The Grn 22 Wexford Drive 41 Wicklow Drive 10 Bridgetown Road 44 Yorkshire Drive 30 Wexford Drive 21 Yorkshire Drive 6 Coventry Lane 9 Bridgetown Road
Deep Water, Harbor Harbor Deep Water, Harbor Golf Golf, Marsh Deep Water, Harbor Golf, Pool Deep Water, Marsh Golf, Pool Harbor Deep Water Golf, Pool Golf, Landscape Golf Harbor, Pool Golf Golf Golf, Pool Lagoon, Marsh Golf, Lagoon Lagoon Golf, Wooded Golf, Marsh Golf Marsh Harbor Harbor Deep Water, Marsh Golf, Marsh Golf, Marsh Golf, Harbor Deep Water, Harbor Golf, Lagoon Harbor Deep Water, Harbor Golf, Harbor Deep Water, Harbor Deep Water, Harbor Golf, River Deep Water, Harbor Golf Golf Golf Golf, Lagoon Golf Golf, Lagoon Marsh Harbor
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 7 1 4,456 1986 $1,999,000 --4 7 3 4,762 1986 $1,967,000 --4 5 1 6,012 2001 $1,949,999 --6 8 2 8,346 2004 $1,945,000 --4 5 0 4,579 2006 $1,895,000 --4 5 1 5,300 1991 $1,875,000 --5 7 1 550 2018 $1,795,000 --5 7 1 7,111 2000 $1,795,000 --5 6 1 5,500 2002 $1,700,000 --5 6 1 5,182 2003 $1,550,000 --7 8 1 8,465 2007 $1,225,000 --4 5 1 4,811 2000 $1,098,000 --5 6 2 4,404 1995 $989,000 --4 5 1 4,150 2001 $979,500 --4 4 1 3,824 2007 $979,000 --4 4 1 4,750 2005 $949,000 --5 6 1 4,575 1987 $899,000 --4 6 1 3,900 1984 $874,000 --4 6 1 4,115 2006 $790,000 --4 5 1 3,555 2001 $789,000 --5 6 1 4,921 1996 $759,000 --3 4 1 3,860 1991 $749,900 --4 5 2 3,840 1996 $749,000 --4 6 1 5,276 1991 $729,000 --3 4 1 2,742 2001 $725,000 --5 5 1 4,704 1983 $699,000 --3 5 2 2,600 1990 $695,000 --4 5 1 3,526 1994 $675,000 --4 5 1 3,283 2006 $599,000 --3 6 2 3,214 2007 $599,000 --3 4 1 2,101 2000 $389,990 --4 6 1 6,366 2002 $1,690,000 --4 7 2 6,286 2005 $1,295,000 --3 5 2 3,519 2000 $1,099,000 --4 5 1 5,010 1986 $1,095,000 --5 6 1 5,752 2015 $2,395,000 $2,350,000 4 5 1 4,400 1987 $1,995,000 $1,825,000 4 5 1 4,270 1986 $1,995,000 $1,995,000 5 6 1 5,696 1995 $1,749,000 $1,700,000 4 6 1 6,366 2002 $1,690,000 $1,590,000 5 5 1 5,752 2006 $1,595,000 $1,500,000 4 7 2 6,200 2016 $1,545,000 $1,445,000 5 6 1 4,606 2006 $1,095,000 $975,000 5 6 1 4,607 2000 $919,000 $870,000 4 5 1 4,682 1993 $799,000 $755,000 4 5 1 4,136 1985 $795,000 $795,000 3 3 0 2,323 1990 $595,000 $555,000 3 3 1 2,576 1984 $589,000 $565,000
20 Tips for Preparing Your House for Sale Source: Keeping Current Matters, July 2018
When listing your house for sale, your top goal will be to get the house sold for the best price possible! There are many small projects you can do to ensure this happens!
Giving You The EDGE Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and June 30, 2018
KEY TRENDS
Give your entry a face lift with either a new coat of paint or a new front door.
Clean everything! Clean homes allow buyers to picture themselves in the space.
Don’t forget to landscape your yard! A well-groomed yard shows buyers that the home was taken care of.
Give every room a purpose - even if you used it as a bonus room, giving it an identity will help buyers.
Make sure all exterior lights work and replace all outdoor light bulbs.
Let light in! Bright rooms feel warm and inviting; dark rooms feel small and gloomy.
Wash all windows (inside and out) to ensure that dirt doesn’t take away from the view. Clean out your garage! Consider getting a storage unit to store non-essential items.
Fix anything that is broken! Buyers will notice and may offer less for your house if repairs are required. De-clutter! Thinning out closets and pantries will highlight space availability.
Add a pop of color by planting flowers that work with your area’s climate.
Replace light bulbs with new ones and make sure all switches are working.
Remove any lawn ornaments that you will bring with you to your new home.
Empty trash bins and hide dirty laundry before your home is shown.
Replace a worn out welcome mat to welcome buyers as they tour the home.
Organize the kitchen! Store non-essential, small appliances and clean all surfaces.
Paint or replace the street numbers on the house to increase their visibility.
Make sure all doors open and close smoothly. Be sure to fix squeaking doors!
Power wash outdoor surfaces to give them a ‘like new’ feel (ex: siding, driveway, sidewalks, etc.)
Fresh paint & new carpet are the top 2 things you can do to sell your home faster and for more money.
Percent Growth in Median Property Values Across the U.S. [2005-2017] Source: Keeping Current Matters, July 2018 WA 49%
VT (34%) ND 111%
MT 71% OR 55%
ID 55%
NV -5% CA 9%
UT 66%
AZ 21%
MN 14%
WI 21%
SD 67%
WY 58%
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
10 tips to make your house feel like home to buyers
10 tips to improve your house’s curb appeal
Definitions for Listings ™
KEY TRENDS
IA 40%
NE 41% CO 54%
OK 54%
NM 38%
MI 8%
26%
KY 38% 50%
TX 63%
WV 45%
VA 33%
CT (4%) NJ (2%) DE (23%) MD (15%) DC (58%)
NC 39%
TN
SC 44%
AR 49% MS 43%
NH (11%) MA (10%) RI (-4%)
PA 40% OH 16%
IN
IL 7%
MO 31%
KS 41%
NY 23%
ME 29%
AL 45%
GA 21%
LA 60% FL 14%
AK 38%
< 0.0%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
0.0% to 24%
• White-glove professionalism and local market expertise of your dedicated Advisor
25% to 49%
Let us provide the EDGE you need to sell your home. Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
50% to 75% HI 41%
> 75%
Wexford Home Listings STATUS
ADDRESS
VIEW
Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
65 Bridgetown Road 21 Plumbridge Lane 22 Castlebridge Court 60 Wicklow Drive 60 Yorkshire Drive 9 Cambridge Circle 2 Wicklow Drive 56 Yorkshire Drive 54 Wicklow Drive 12 Castlebridge Court 22 Wexford On The Green 3 Wicklow Drive 42 Bridgetown Road 33 Wexford Club Drive 9 Wexford on the Green 18 Harrogate Drive 8 Bridgetown Road 48 Bridgetown Road 19 Coventry Lane 9 Wexford Club Drive 31 Oxford Drive 6 Oxford Drive 50 Yorkshire Drive 34 Bridgetown Road 2 Coventry Lane 40 Wexford Club Drive 10 Wexford On The Green 20 Wexford On The Green 57 Wexford On The Green 45 Wexford On The Green 13 Wexford On The Green 2 Wexford On The Green 23 Wexford Drive 8 Wexford Club Drive 27 Bridgetown Road 19 Knightsbridge Lane 13 Bridgetown Road 19 Bridgetown Road 52 Yorkshire Drive 2 Wexford On The Grn 22 Wexford Drive 41 Wicklow Drive 10 Bridgetown Road 44 Yorkshire Drive 30 Wexford Drive 21 Yorkshire Drive 6 Coventry Lane 9 Bridgetown Road
Deep Water, Harbor Harbor Deep Water, Harbor Golf Golf, Marsh Deep Water, Harbor Golf, Pool Deep Water, Marsh Golf, Pool Harbor Deep Water Golf, Pool Golf, Landscape Golf Harbor, Pool Golf Golf Golf, Pool Lagoon, Marsh Golf, Lagoon Lagoon Golf, Wooded Golf, Marsh Golf Marsh Harbor Harbor Deep Water, Marsh Golf, Marsh Golf, Marsh Golf, Harbor Deep Water, Harbor Golf, Lagoon Harbor Deep Water, Harbor Golf, Harbor Deep Water, Harbor Deep Water, Harbor Golf, River Deep Water, Harbor Golf Golf Golf Golf, Lagoon Golf Golf, Lagoon Marsh Harbor
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 7 1 4,456 1986 $1,999,000 --4 7 3 4,762 1986 $1,967,000 --4 5 1 6,012 2001 $1,949,999 --6 8 2 8,346 2004 $1,945,000 --4 5 0 4,579 2006 $1,895,000 --4 5 1 5,300 1991 $1,875,000 --5 7 1 550 2018 $1,795,000 --5 7 1 7,111 2000 $1,795,000 --5 6 1 5,500 2002 $1,700,000 --5 6 1 5,182 2003 $1,550,000 --7 8 1 8,465 2007 $1,225,000 --4 5 1 4,811 2000 $1,098,000 --5 6 2 4,404 1995 $989,000 --4 5 1 4,150 2001 $979,500 --4 4 1 3,824 2007 $979,000 --4 4 1 4,750 2005 $949,000 --5 6 1 4,575 1987 $899,000 --4 6 1 3,900 1984 $874,000 --4 6 1 4,115 2006 $790,000 --4 5 1 3,555 2001 $789,000 --5 6 1 4,921 1996 $759,000 --3 4 1 3,860 1991 $749,900 --4 5 2 3,840 1996 $749,000 --4 6 1 5,276 1991 $729,000 --3 4 1 2,742 2001 $725,000 --5 5 1 4,704 1983 $699,000 --3 5 2 2,600 1990 $695,000 --4 5 1 3,526 1994 $675,000 --4 5 1 3,283 2006 $599,000 --3 6 2 3,214 2007 $599,000 --3 4 1 2,101 2000 $389,990 --4 6 1 6,366 2002 $1,690,000 --4 7 2 6,286 2005 $1,295,000 --3 5 2 3,519 2000 $1,099,000 --4 5 1 5,010 1986 $1,095,000 --5 6 1 5,752 2015 $2,395,000 $2,350,000 4 5 1 4,400 1987 $1,995,000 $1,825,000 4 5 1 4,270 1986 $1,995,000 $1,995,000 5 6 1 5,696 1995 $1,749,000 $1,700,000 4 6 1 6,366 2002 $1,690,000 $1,590,000 5 5 1 5,752 2006 $1,595,000 $1,500,000 4 7 2 6,200 2016 $1,545,000 $1,445,000 5 6 1 4,606 2006 $1,095,000 $975,000 5 6 1 4,607 2000 $919,000 $870,000 4 5 1 4,682 1993 $799,000 $755,000 4 5 1 4,136 1985 $795,000 $795,000 3 3 0 2,323 1990 $595,000 $555,000 3 3 1 2,576 1984 $589,000 $565,000
20 Tips for Preparing Your House for Sale Source: Keeping Current Matters, July 2018
When listing your house for sale, your top goal will be to get the house sold for the best price possible! There are many small projects you can do to ensure this happens!
Giving You The EDGE Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and June 30, 2018
KEY TRENDS
Give your entry a face lift with either a new coat of paint or a new front door.
Clean everything! Clean homes allow buyers to picture themselves in the space.
Don’t forget to landscape your yard! A well-groomed yard shows buyers that the home was taken care of.
Give every room a purpose - even if you used it as a bonus room, giving it an identity will help buyers.
Make sure all exterior lights work and replace all outdoor light bulbs.
Let light in! Bright rooms feel warm and inviting; dark rooms feel small and gloomy.
Wash all windows (inside and out) to ensure that dirt doesn’t take away from the view. Clean out your garage! Consider getting a storage unit to store non-essential items.
Fix anything that is broken! Buyers will notice and may offer less for your house if repairs are required. De-clutter! Thinning out closets and pantries will highlight space availability.
Add a pop of color by planting flowers that work with your area’s climate.
Replace light bulbs with new ones and make sure all switches are working.
Remove any lawn ornaments that you will bring with you to your new home.
Empty trash bins and hide dirty laundry before your home is shown.
Replace a worn out welcome mat to welcome buyers as they tour the home.
Organize the kitchen! Store non-essential, small appliances and clean all surfaces.
Paint or replace the street numbers on the house to increase their visibility.
Make sure all doors open and close smoothly. Be sure to fix squeaking doors!
Power wash outdoor surfaces to give them a ‘like new’ feel (ex: siding, driveway, sidewalks, etc.)
Fresh paint & new carpet are the top 2 things you can do to sell your home faster and for more money.
Percent Growth in Median Property Values Across the U.S. [2005-2017] Source: Keeping Current Matters, July 2018 WA 49%
VT (34%) ND 111%
MT 71% OR 55%
ID 55%
NV -5% CA 9%
UT 66%
AZ 21%
MN 14%
WI 21%
SD 67%
WY 58%
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
10 tips to make your house feel like home to buyers
10 tips to improve your house’s curb appeal
Definitions for Listings ™
KEY TRENDS
IA 40%
NE 41% CO 54%
OK 54%
NM 38%
MI 8%
26%
KY 38% 50%
TX 63%
WV 45%
VA 33%
CT (4%) NJ (2%) DE (23%) MD (15%) DC (58%)
NC 39%
TN
SC 44%
AR 49% MS 43%
NH (11%) MA (10%) RI (-4%)
PA 40% OH 16%
IN
IL 7%
MO 31%
KS 41%
NY 23%
ME 29%
AL 45%
GA 21%
LA 60% FL 14%
AK 38%
< 0.0%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
0.0% to 24%
• White-glove professionalism and local market expertise of your dedicated Advisor
25% to 49%
Let us provide the EDGE you need to sell your home. Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
50% to 75% HI 41%
> 75%
THE STATE
Our Portfolio of Fine Homes in Wexford
of the Wexford Real Estate Market
July 2018
KEY METRICS
First Six Months of 2018 in Review
In Wexford, 13 homes closed in the first six months of 2018, compared to nine homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $16,920,000, up compared to $8,597,502 during the same period last year. Supply and demand: as of July 3rd, 2018, there are 31 Wexford homes listed for sale with an average of 2.16 homes selling per month over the last six months. That translates into a 14.35-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Wexford. In addition, there are currently 26 lots for sale in Wexford. Two have sold in the last six months and two are under contract.
13
$1,445,000
94.49%
287
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
626 A Singular Property Sequestered in the premier harbor setting of a private golf club community, this spectacular property makes a captivating statement throughout. The impressive street presence, enhanced by circular-drive drama on an expansive home site, sets the stage for this wonderfully designed home. Lush landscaping and cul-de-sac privacy add further appeal. The engaging open floor plan masterfully couples soaring ceilings with endless glass creating a sunlit ambiance on the mesmerizing 180° golf vista. A premium view. Updated throughout and featuring an enduring architectural style, this upscale, yet understated, spacious home shows like a model perfectly fitting our envied island lifestyle. It showcases beautiful baths: lovely granite; stainless steel appliances; gleaming hardwood; stone; designer tile; great master suite; private covered guest-deck. Nestled in the seclusion afforded by a spectacular view, the dramatic pool and multi-level deck setting, complete with pool bath, crowns this exceptional property. How could it get any better? It actually does as this boater’s dream is located just a stone’s throw from the famous beaches of Hilton Head Island. 48 Bridgetown Road, Wexford 4 Bedrooms | 5.5 Bathrooms | 3,900 Htd. SqFt | $874,000 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
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 ©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.
Local Postal Customer
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through June 30 for Each Year
Year
Number of Homes Sold
Median Price
2013
398
$489,000
2014
396
$495,000
2015
434
$533,000
2016
450
$512,000
2017
458
$546,000
2018
540
$545,000
In 2018 the Hilton Head Island housing market enjoyed its best first half of the year 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 half home sales in 2018 are up to 540, a rather significant 18% increase from 2017. Essentially home prices on the Island have remained flat for the last two years but are up 6.4% from 2016. 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 July 5, 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.