THE STATE
Your luxury home deserves luxury expertise.
of the Wexford Real Estate Market
October 2018
KEY METRICS
First Nine Months of 2018 in Review
In Wexford, 18 homes closed in the first nine months of 2018, compared to 15 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $24,132,500, up compared to $17,582,600 during the same period last year. Supply and demand: as of October 1st, 2018, there are 31 Wexford homes listed for sale with an average of two homes selling per month over the last nine months. That translates into a 15.5-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Wexford and there are currently 22 lots for sale. Four lots have sold in the last nine months and none are under contract.
Specialists in luxury lifestyle offerings, Engel & Völkers is a leader in the sale of residential and commercial real estate, private aviation and yachts in the premium segment. Luxury properties in the Lowcountry are unique and deserve to be showcased to a discerning audience. When you choose to list your home with us, we connect your extraordinary property with affluent global buyers via: Global property syndication which showcases our listings in multiple languages and provides marketing reach into more than 40 countries.
Distinctive marketing strategies and solutions which bring buyer referrals from high-end markets around the world.
A position in the premium online market through luxury digital publications which include James Edition, the Wall Street Journal, and Mansion Global.
Substantial referral power harnessed from Engel & Völkers global network of over 700 offices and 6,500 advisors in more than 30 countries.
A unique single property website which serves to highlight the exquisite attributes of both the home and the community.
Industry leading digital platforms and proprietary technology tools which reach buyers online.
18
$1,335,000
94.63%
176
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
608
Whether you are looking to purchase or sell property, as leading brokers in this segment, Engel & Völkers is your perfect partner. We would be delighted to advise you.
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through September 30 for Each Year
COMMUNITY SPECIALIST
Linda Rudd is your Wexford Specialist having lived and been an active member in the community for over 10 years. Linda would like to offer you 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
Year
Number of Homes Sold
Median Price
2013
624
$490,000
2014
612
$500,000
2015
679
$525,000
2016
674
$525,000
2017
683
$550,000
2018
802
$541,000
In 2018 the Hilton Head Island housing market enjoyed its best first three quarters 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 first three quarters home sales in 2018 are up to 822, a rather significant 17% increase from 2017. Home prices dipped slightly to a median price of $541,000, a 1.6% drop. With increasing demand for Hilton Head Island real estate 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 October 2, 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
38 Castlebridge Lane 5 Plumbridge Lane 22 Castlebridge Court 60 Wicklow Drive 65 Bridgetown Road 60 Yorkshire Drive 21 Plumbridge Lane 4 Knightsbridge Lane 56 Yorkshire Drive 54 Wicklow Drive 10 Castlebridge Court 12 Castlebridge Court 11 Fairfax Lane 22 Wexford On The Green 28 Yorkshire Drive 33 Wexford Club Drive 9 Wexford on the Green 42 Bridgetown Road 18 Harrogate Drive 8 Bridgetown Road 9 Wexford Club Drive 6 Oxford Drive 34 Bridgetown Road 31 Oxford Drive 2 Coventry Lane 29 Harrogate Drive 10 Wexford On The Green 27 Yorkshire Drive 57 Wexford On The Green 11 Yorkshire Drive 13 Wexford On The Green 11 Harrogate Drive 8 Wexford Club Drive 27 Bridgetown Road 45 Wexford On The Green 22 Plumbridge Lane 18 Plumbridge Lane 23 Wexford Drive 20 Wexford On The Green 15 Wexford On The Green
Harbor Harbor Deep Water, Harbor Golf Deep Water, Harbor Golf, Marsh Harbor Deep Water, Harbor Deep Water, Marsh Golf, Pool Harbor Harbor Marsh, River Deep Water Golf, Lagoon Golf Harbor, Pool Golf, Landscape Golf Golf Golf, Lagoon Golf, Wooded Golf Lagoon Marsh Golf, Wooded Harbor Golf Golf, Marsh Golf Golf, Harbor Golf Harbor Deep Water, Harbor Golf, Marsh Harbor Harbor Golf, Lagoon Deep Water, Marsh Harbor, Landscape
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 6 1 8,296 1988 $3,800,000 --6 8 1 6,401 2008 $2,679,000 --4 5 1 6,012 2001 $1,949,999 --6 8 2 8,346 2004 $1,945,000 --4 7 1 4,456 1986 $1,900,000 --4 5 0 4,579 2006 $1,895,000 --4 7 3 4,762 1986 $1,869,000 --5 8 2 6,098 2001 $1,850,000 --5 7 1 7,111 2000 $1,795,000 --5 6 1 5,500 2002 $1,595,000 --3 4 1 4,218 1998 $1,579,000 --5 6 1 5,182 2003 $1,550,000 --6 6 0 5,375 2004 $1,350,000 --7 8 1 8,465 2007 $1,224,000 --4 5 1 3,851 1993 $1,195,000 --4 5 1 4,150 2001 $979,500 --4 4 1 3,824 2007 $979,000 --5 6 2 4,404 1995 $974,000 --4 4 1 4,750 2005 $949,000 --5 6 1 4,575 1987 $899,000 --4 5 1 3,555 2001 $789,000 --3 4 1 3,860 1991 $749,900 --4 6 1 5,276 1991 $729,000 --5 6 1 4,921 1996 $729,000 --3 4 1 2,742 2001 $719,000 --3 5 1 3,225 1989 $699,000 --3 5 2 2,600 1990 $659,000 --3 4 1 3,055 1985 $649,000 --4 5 1 3,283 2006 $599,000 --3 4 1 3,150 1985 $589,000 --3 4 1 2,101 2000 $389,990 --5 7 1 6,791 2006 $1,549,000 --3 5 2 3,519 2000 $1,099,000 --4 5 1 5,010 1986 $1,095,000 --3 5 2 3,214 2007 $599,000 --5 7 1 7,572 2002 $2,800,000 $2,800,000 5 6 1 6,010 2000 $2,100,000 $2,065,000 4 7 2 6,286 2005 $1,295,000 $1,225,000 4 5 1 3,526 1994 $675,000 $642,500 3 4 1 3,297 2000 $559,000 $520,000
Source: Keeping Current Matters, October 2018
WA $44K
ND $12K
MT $20K OR $16K
ID $25K
CA $51K
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.
MN $14K
WI $10K
SD WY $3K
NV $31K
ME
VT
UT $28K
AZ $15K
IA $5K
NE $7K CO $22K
OK $2K
NM $8K
IL $6K
PA $6K
$8K
VA $6K
WV KY $8K
$12K
CT ($4K) NJ ($14K) DE ($9K) MD ($9K) DC ($3K)
NC $9K
TN SC $9K
AR $5K MS
TX $9K
RI ($19K)
OH $10K
IN
NH ($10K) MA ($24K)
NY $9K
MI $11K
MO $10K
KS $13K
AL $5K
GA $12K
LA $3K FL $13K
AK $2K
UNITED STATES $16,300
Insufficient Data < $3K $4K to $7K $8K to $14K
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2018 and September 30, 2018
KEY TRENDS
Average Home Equity Gained Year-Over-Year
HI $33K
> $15K
Did you know that home equity is increasing across the United States by an average of $16,300? This means that more Americans are able to use that equity when they sell their current home to buy their dream home or use it to invest in a vacation property!
KEY TRENDS
Four Reasons to Sell Your Home This Fall Source: Keeping Current Matters, October 2018
#1 - BUYER DEMAND IS STILL STRONG
Buyers are out in force looking for their dream homes! Buyers are often competing with one another for the listings that are available! According to the National Association of Realtors (NAR), the median days on market for a listing was only 29 days last month!
#2 - there is less competition now
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
#3 - THERE WILL NEVER BE A BETTER TIME TO MOVE UP
• White-glove professionalism and local market expertise of your dedicated Advisor
Prices are projected to appreciate by 5.1% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in both down payment and mortgage payment, if you wait.
Let us provide the EDGE you need to sell your home.
#4 - IT’S TIME TO MOVE ON WITH YOUR LIFE
Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Perhaps the time has come for you and your family to move on and start living the life you desire!
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
38 Castlebridge Lane 5 Plumbridge Lane 22 Castlebridge Court 60 Wicklow Drive 65 Bridgetown Road 60 Yorkshire Drive 21 Plumbridge Lane 4 Knightsbridge Lane 56 Yorkshire Drive 54 Wicklow Drive 10 Castlebridge Court 12 Castlebridge Court 11 Fairfax Lane 22 Wexford On The Green 28 Yorkshire Drive 33 Wexford Club Drive 9 Wexford on the Green 42 Bridgetown Road 18 Harrogate Drive 8 Bridgetown Road 9 Wexford Club Drive 6 Oxford Drive 34 Bridgetown Road 31 Oxford Drive 2 Coventry Lane 29 Harrogate Drive 10 Wexford On The Green 27 Yorkshire Drive 57 Wexford On The Green 11 Yorkshire Drive 13 Wexford On The Green 11 Harrogate Drive 8 Wexford Club Drive 27 Bridgetown Road 45 Wexford On The Green 22 Plumbridge Lane 18 Plumbridge Lane 23 Wexford Drive 20 Wexford On The Green 15 Wexford On The Green
Harbor Harbor Deep Water, Harbor Golf Deep Water, Harbor Golf, Marsh Harbor Deep Water, Harbor Deep Water, Marsh Golf, Pool Harbor Harbor Marsh, River Deep Water Golf, Lagoon Golf Harbor, Pool Golf, Landscape Golf Golf Golf, Lagoon Golf, Wooded Golf Lagoon Marsh Golf, Wooded Harbor Golf Golf, Marsh Golf Golf, Harbor Golf Harbor Deep Water, Harbor Golf, Marsh Harbor Harbor Golf, Lagoon Deep Water, Marsh Harbor, Landscape
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 6 1 8,296 1988 $3,800,000 --6 8 1 6,401 2008 $2,679,000 --4 5 1 6,012 2001 $1,949,999 --6 8 2 8,346 2004 $1,945,000 --4 7 1 4,456 1986 $1,900,000 --4 5 0 4,579 2006 $1,895,000 --4 7 3 4,762 1986 $1,869,000 --5 8 2 6,098 2001 $1,850,000 --5 7 1 7,111 2000 $1,795,000 --5 6 1 5,500 2002 $1,595,000 --3 4 1 4,218 1998 $1,579,000 --5 6 1 5,182 2003 $1,550,000 --6 6 0 5,375 2004 $1,350,000 --7 8 1 8,465 2007 $1,224,000 --4 5 1 3,851 1993 $1,195,000 --4 5 1 4,150 2001 $979,500 --4 4 1 3,824 2007 $979,000 --5 6 2 4,404 1995 $974,000 --4 4 1 4,750 2005 $949,000 --5 6 1 4,575 1987 $899,000 --4 5 1 3,555 2001 $789,000 --3 4 1 3,860 1991 $749,900 --4 6 1 5,276 1991 $729,000 --5 6 1 4,921 1996 $729,000 --3 4 1 2,742 2001 $719,000 --3 5 1 3,225 1989 $699,000 --3 5 2 2,600 1990 $659,000 --3 4 1 3,055 1985 $649,000 --4 5 1 3,283 2006 $599,000 --3 4 1 3,150 1985 $589,000 --3 4 1 2,101 2000 $389,990 --5 7 1 6,791 2006 $1,549,000 --3 5 2 3,519 2000 $1,099,000 --4 5 1 5,010 1986 $1,095,000 --3 5 2 3,214 2007 $599,000 --5 7 1 7,572 2002 $2,800,000 $2,800,000 5 6 1 6,010 2000 $2,100,000 $2,065,000 4 7 2 6,286 2005 $1,295,000 $1,225,000 4 5 1 3,526 1994 $675,000 $642,500 3 4 1 3,297 2000 $559,000 $520,000
Source: Keeping Current Matters, October 2018
WA $44K
ND $12K
MT $20K OR $16K
ID $25K
CA $51K
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.
MN $14K
WI $10K
SD WY $3K
NV $31K
ME
VT
UT $28K
AZ $15K
IA $5K
NE $7K CO $22K
OK $2K
NM $8K
IL $6K
PA $6K
$8K
VA $6K
WV KY $8K
$12K
CT ($4K) NJ ($14K) DE ($9K) MD ($9K) DC ($3K)
NC $9K
TN SC $9K
AR $5K MS
TX $9K
RI ($19K)
OH $10K
IN
NH ($10K) MA ($24K)
NY $9K
MI $11K
MO $10K
KS $13K
AL $5K
GA $12K
LA $3K FL $13K
AK $2K
UNITED STATES $16,300
Insufficient Data < $3K $4K to $7K $8K to $14K
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2018 and September 30, 2018
KEY TRENDS
Average Home Equity Gained Year-Over-Year
HI $33K
> $15K
Did you know that home equity is increasing across the United States by an average of $16,300? This means that more Americans are able to use that equity when they sell their current home to buy their dream home or use it to invest in a vacation property!
KEY TRENDS
Four Reasons to Sell Your Home This Fall Source: Keeping Current Matters, October 2018
#1 - BUYER DEMAND IS STILL STRONG
Buyers are out in force looking for their dream homes! Buyers are often competing with one another for the listings that are available! According to the National Association of Realtors (NAR), the median days on market for a listing was only 29 days last month!
#2 - there is less competition now
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
#3 - THERE WILL NEVER BE A BETTER TIME TO MOVE UP
• White-glove professionalism and local market expertise of your dedicated Advisor
Prices are projected to appreciate by 5.1% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in both down payment and mortgage payment, if you wait.
Let us provide the EDGE you need to sell your home.
#4 - IT’S TIME TO MOVE ON WITH YOUR LIFE
Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Perhaps the time has come for you and your family to move on and start living the life you desire!
THE STATE
Your luxury home deserves luxury expertise.
of the Wexford Real Estate Market
October 2018
KEY METRICS
First Nine Months of 2018 in Review
In Wexford, 18 homes closed in the first nine months of 2018, compared to 15 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $24,132,500, up compared to $17,582,600 during the same period last year. Supply and demand: as of October 1st, 2018, there are 31 Wexford homes listed for sale with an average of two homes selling per month over the last nine months. That translates into a 15.5-month supply, considered by industry experts to be a strong buyer’s market. There are four homes under contract in Wexford and there are currently 22 lots for sale. Four lots have sold in the last nine months and none are under contract.
Specialists in luxury lifestyle offerings, Engel & Völkers is a leader in the sale of residential and commercial real estate, private aviation and yachts in the premium segment. Luxury properties in the Lowcountry are unique and deserve to be showcased to a discerning audience. When you choose to list your home with us, we connect your extraordinary property with affluent global buyers via: Global property syndication which showcases our listings in multiple languages and provides marketing reach into more than 40 countries.
Distinctive marketing strategies and solutions which bring buyer referrals from high-end markets around the world.
A position in the premium online market through luxury digital publications which include James Edition, the Wall Street Journal, and Mansion Global.
Substantial referral power harnessed from Engel & Völkers global network of over 700 offices and 6,500 advisors in more than 30 countries.
A unique single property website which serves to highlight the exquisite attributes of both the home and the community.
Industry leading digital platforms and proprietary technology tools which reach buyers online.
18
$1,335,000
94.63%
176
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
608
Whether you are looking to purchase or sell property, as leading brokers in this segment, Engel & Völkers is your perfect partner. We would be delighted to advise you.
How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through September 30 for Each Year
COMMUNITY SPECIALIST
Linda Rudd is your Wexford Specialist having lived and been an active member in the community for over 10 years. Linda would like to offer you 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
Year
Number of Homes Sold
Median Price
2013
624
$490,000
2014
612
$500,000
2015
679
$525,000
2016
674
$525,000
2017
683
$550,000
2018
802
$541,000
In 2018 the Hilton Head Island housing market enjoyed its best first three quarters 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 first three quarters home sales in 2018 are up to 822, a rather significant 17% increase from 2017. Home prices dipped slightly to a median price of $541,000, a 1.6% drop. With increasing demand for Hilton Head Island real estate 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 October 2, 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.