THE STATE
Our Portfolio of Fine Homes in Wexford
of the Wexford Real Estate Market
June 2018
KEY METRICS
First Five Months of 2018 in Review
In Wexford Plantation, 11 homes closed in the first five months of 2018, compared to the eight homes which closed during the same period last year. So far in 2018, the total dollar volume was $13,335,003, up significantly compared to $7,687,504 in 2017. Supply and demand: as of June 1st, 2018, there are 31 Wexford homes listed for sale with an average of 2.17 homes selling per month over the last six months. That translates into a 14.29-month supply, considered by industry experts to be a very strong buyer’s market. There are five homes under contract in Wexford.
11
$975,000
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
627 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 May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
320
$473,000
2014
315
$495,000
2015
350
$533,000
2016
351
$510,000
2017
351
$548,000
2018
431
$543,000
In 2018 the Hilton Head Island housing market enjoyed its best first five 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, the number of sales in the first five months are up to 431, a 23% increase from 2017. Essentially, home prices on the Island have remained flat for the last two years but are up significantly compared to 2016. The median price of homes selling in the US is at its highest ever. Median price on the Island in 2006 hit its highest level ever at $750,000. It is expected that Island prices in the next several years will again rise into record setting territory. Thus, with prices still way below the peak 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 June 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.
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 Pending Sold Sold Sold Sold Sold Sold Sold Sold
63 Bridgetown Road 21 Plumbridge Lane 60 Wicklow Drive 56 Yorkshire Drive 60 Yorkshire Drive 9 Cambridge Circle 2 Wicklow Drive 54 Wicklow Drive 12 Castlebridge Court 23 Wexford Drive 22 Wexford On The Green 3 Wicklow Drive 33 Wexford Club Drive 9 Wexford on the Grn 42 Bridgetown Road 18 Harrogate Drive 8 Bridgetown Road 48 Bridgetown Road 6 Oxford Drive 25 Wexford Circle 9 Wexford Club Drive 19 Coventry Lane 50 Yorkshire Drive 34 Bridgetown Road 2 Coventry Lane 40 Wexford Club Drive 10 Wexford On The Green 11 Yorkshire Drive 45 Wexford On The Green 57 Wexford On The Green 13 Wexford On The Green 19 Bridgetown Road 2 Wexford On The Grn 8 Wexford Club Drive 27 Bridgetown Road 15 Wexford On The Green 19 Knightsbridge Lane 13 Bridgetown Road 52 Yorkshire Drive 22 Wexford DR 10 Bridgetown Road 44 Yorkshire Drive 30 Wexford Drive 6 Coventry Lane
Golf, Harbor Harbor Golf Deep Water, Marsh Golf, Marsh Deep Water, Harbor Golf, Pool Golf, Pool Harbor Golf, Lagoon Deep Water Golf, Pool Golf Harbor, Pool Golf, Landscape Golf Golf Golf, Pool Golf, Wooded Golf Golf, Lagoon Lagoon, Marsh Golf, Marsh Golf Marsh Harbor Harbor Golf Golf, Marsh Golf, Marsh Golf, Harbor Deep Water, Harbor Deep Water, Harbor Harbor Deep Water, Harbor Harbor, Landscape Golf, Harbor Deep Water, Harbor Golf, River Golf Golf Golf, Lagoon Golf Marsh
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 5 6 0 7,196 2003 $2,699,000 --4 4 3 4,762 1986 $1,967,000 --6 6 2 8,346 2004 $1,945,000 --5 6 1 7,111 2000 $1,895,000 --4 5 0 4,579 2006 $1,895,000 --4 4 1 5,300 1991 $1,875,000 --5 6 1 5,082 2017 $1,795,000 --5 5 1 5,500 2002 $1,700,000 --5 5 1 5,182 2003 $1,550,000 --4 5 2 6,286 2005 $1,295,000 --7 7 1 8,465 2007 $1,225,000 --4 4 1 4,811 2000 $1,098,000 --4 4 1 4,150 2001 $979,500 --4 3 1 3,824 2007 $979,000 --5 4 2 4,404 1995 $974,000 --4 3 1 4,750 2005 $949,000 --5 5 1 4,575 1987 $899,000 --4 5 1 3,900 1984 $874,000 --3 3 1 3,860 1991 $849,900 --5 5 1 4,104 1984 $799,000 --4 4 1 3,555 2001 $799,000 --4 5 1 4,115 2006 $795,000 --4 3 2 3,840 1996 $749,000 --4 5 1 5,276 1991 $729,000 --3 3 1 2,742 2001 $725,000 --5 4 1 4,704 1983 $699,000 --3 3 2 2,600 1990 $695,000 --3 3 1 3,116 1985 $649,000 --3 4 2 3,214 2007 $599,000 --4 4 1 3,283 2006 $599,000 --3 3 1 2,101 2000 $389,990 --4 4 1 4,270 1986 $1,995,000 --4 5 1 6,366 2002 $1,690,000 --3 3 2 3,519 2000 $1,099,000 --4 4 1 5,010 1986 $1,095,000 --3 3 1 3,297 2000 $559,000 --5 5 1 5,752 2015 $2,395,000 $2,350,000 4 4 1 4,400 1987 $1,995,000 $1,825,000 5 5 1 5,696 1995 $1,749,000 $1,700,000 5 4 1 5,752 2006 $1,595,000 $1,500,000 5 5 1 4,606 2006 $1,095,000 $975,000 5 5 1 4,607 2000 $919,000 $870,000 4 4 1 4,682 1993 $799,000 $755,000 3 3 0 2,323 1990 $595,000 $555,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
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 Pending Sold Sold Sold Sold Sold Sold Sold Sold
63 Bridgetown Road 21 Plumbridge Lane 60 Wicklow Drive 56 Yorkshire Drive 60 Yorkshire Drive 9 Cambridge Circle 2 Wicklow Drive 54 Wicklow Drive 12 Castlebridge Court 23 Wexford Drive 22 Wexford On The Green 3 Wicklow Drive 33 Wexford Club Drive 9 Wexford on the Grn 42 Bridgetown Road 18 Harrogate Drive 8 Bridgetown Road 48 Bridgetown Road 6 Oxford Drive 25 Wexford Circle 9 Wexford Club Drive 19 Coventry Lane 50 Yorkshire Drive 34 Bridgetown Road 2 Coventry Lane 40 Wexford Club Drive 10 Wexford On The Green 11 Yorkshire Drive 45 Wexford On The Green 57 Wexford On The Green 13 Wexford On The Green 19 Bridgetown Road 2 Wexford On The Grn 8 Wexford Club Drive 27 Bridgetown Road 15 Wexford On The Green 19 Knightsbridge Lane 13 Bridgetown Road 52 Yorkshire Drive 22 Wexford DR 10 Bridgetown Road 44 Yorkshire Drive 30 Wexford Drive 6 Coventry Lane
Golf, Harbor Harbor Golf Deep Water, Marsh Golf, Marsh Deep Water, Harbor Golf, Pool Golf, Pool Harbor Golf, Lagoon Deep Water Golf, Pool Golf Harbor, Pool Golf, Landscape Golf Golf Golf, Pool Golf, Wooded Golf Golf, Lagoon Lagoon, Marsh Golf, Marsh Golf Marsh Harbor Harbor Golf Golf, Marsh Golf, Marsh Golf, Harbor Deep Water, Harbor Deep Water, Harbor Harbor Deep Water, Harbor Harbor, Landscape Golf, Harbor Deep Water, Harbor Golf, River Golf Golf Golf, Lagoon Golf Marsh
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 5 6 0 7,196 2003 $2,699,000 --4 4 3 4,762 1986 $1,967,000 --6 6 2 8,346 2004 $1,945,000 --5 6 1 7,111 2000 $1,895,000 --4 5 0 4,579 2006 $1,895,000 --4 4 1 5,300 1991 $1,875,000 --5 6 1 5,082 2017 $1,795,000 --5 5 1 5,500 2002 $1,700,000 --5 5 1 5,182 2003 $1,550,000 --4 5 2 6,286 2005 $1,295,000 --7 7 1 8,465 2007 $1,225,000 --4 4 1 4,811 2000 $1,098,000 --4 4 1 4,150 2001 $979,500 --4 3 1 3,824 2007 $979,000 --5 4 2 4,404 1995 $974,000 --4 3 1 4,750 2005 $949,000 --5 5 1 4,575 1987 $899,000 --4 5 1 3,900 1984 $874,000 --3 3 1 3,860 1991 $849,900 --5 5 1 4,104 1984 $799,000 --4 4 1 3,555 2001 $799,000 --4 5 1 4,115 2006 $795,000 --4 3 2 3,840 1996 $749,000 --4 5 1 5,276 1991 $729,000 --3 3 1 2,742 2001 $725,000 --5 4 1 4,704 1983 $699,000 --3 3 2 2,600 1990 $695,000 --3 3 1 3,116 1985 $649,000 --3 4 2 3,214 2007 $599,000 --4 4 1 3,283 2006 $599,000 --3 3 1 2,101 2000 $389,990 --4 4 1 4,270 1986 $1,995,000 --4 5 1 6,366 2002 $1,690,000 --3 3 2 3,519 2000 $1,099,000 --4 4 1 5,010 1986 $1,095,000 --3 3 1 3,297 2000 $559,000 --5 5 1 5,752 2015 $2,395,000 $2,350,000 4 4 1 4,400 1987 $1,995,000 $1,825,000 5 5 1 5,696 1995 $1,749,000 $1,700,000 5 4 1 5,752 2006 $1,595,000 $1,500,000 5 5 1 4,606 2006 $1,095,000 $975,000 5 5 1 4,607 2000 $919,000 $870,000 4 4 1 4,682 1993 $799,000 $755,000 3 3 0 2,323 1990 $595,000 $555,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
THE STATE
Our Portfolio of Fine Homes in Wexford
of the Wexford Real Estate Market
June 2018
KEY METRICS
First Five Months of 2018 in Review
In Wexford Plantation, 11 homes closed in the first five months of 2018, compared to the eight homes which closed during the same period last year. So far in 2018, the total dollar volume was $13,335,003, up significantly compared to $7,687,504 in 2017. Supply and demand: as of June 1st, 2018, there are 31 Wexford homes listed for sale with an average of 2.17 homes selling per month over the last six months. That translates into a 14.29-month supply, considered by industry experts to be a very strong buyer’s market. There are five homes under contract in Wexford.
11
$975,000
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
627 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 May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
320
$473,000
2014
315
$495,000
2015
350
$533,000
2016
351
$510,000
2017
351
$548,000
2018
431
$543,000
In 2018 the Hilton Head Island housing market enjoyed its best first five 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, the number of sales in the first five months are up to 431, a 23% increase from 2017. Essentially, home prices on the Island have remained flat for the last two years but are up significantly compared to 2016. The median price of homes selling in the US is at its highest ever. Median price on the Island in 2006 hit its highest level ever at $750,000. It is expected that Island prices in the next several years will again rise into record setting territory. Thus, with prices still way below the peak 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 June 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.