THE STATE
Our international reach finds buyers.
of the Wexford Real Estate Market
August 2018
KEY METRICS
First Seven Months of 2018 in Review
In Wexford, 17 homes closed in the first seven months of 2018, compared to 11 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $23,490,000, up compared to $11,922,600 during the same period last year. Supply and demand: as of August 1st, 2018, there are 34 Wexford homes listed for sale with an average of 2.4 homes selling per month over the last seven months. That translates into a 14.2-month supply, considered by industry experts to be a strong buyer’s market. There are three homes under contract in Wexford and there are currently 28 lots for sale. Four lots have sold in the last seven months and there are none under contract.
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing a 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. 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. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
17
$1,445,000
94.59%
224
Total Sales
Median Price
Sale to List Price
Median Days on Market
Please contact me to schedule a brief introductory meeting and complimentary home valuation. ™
Extensive Domestic & Global Exposure (EDGE )
TECH FOCUS
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
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.
604
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
YTD Hilton Head Island Home Sales
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
YTD Through July 31 for Each Year
• White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home.
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.
How’s the Hilton Head Island Real Estate Market Doing?
Local Postal Customer
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.
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 Active Active Active Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
38 Castlebridge Lane 22 Castlebridge Court 60 Wicklow Drive 21 Plumbridge Lane 65 Bridgetown Road 60 Yorkshire Drive 9 Cambridge Circle 2 Wicklow Drive 56 Yorkshire Drive 54 Wicklow Drive 10 Castlebridge Court 12 Castlebridge Court 11 Fairfax Lane 22 Wexford On The Green 28 Yorkshire Drive 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 34 Bridgetown Road 2 Coventry Lane 10 Wexford On The Green 40 Wexford Club Drive 11 Yorkshire Drive 57 Wexford On The Green 45 Wexford On The Green 13 Wexford On The Green 8 Wexford Club Drive 27 Bridgetown Road 20 Wexford On The Green 22 Plumbridge Lane 19 Knightsbridge Lane 18 Plumbridge Lane 13 Bridgetown Road 19 Bridgetown Road 52 Yorkshire Drive 2 Wexford On The Green 22 Wexford Drive 23 Wexford Drive 10 Bridgetown Road 30 Wexford Drive 15 Wexford On The Green
Harbor Deep Water, Harbor Golf Harbor Deep Water, Harbor Golf, Marsh Deep Water, Harbor Golf, Pool Deep Water, Marsh Golf, Pool Harbor Harbor Marsh, River Deep Water Golf, Lagoon Golf, Pool Golf, Landscape Golf Harbor, Pool Golf Golf Golf, Pool Lagoon, Marsh Golf, Lagoon Lagoon Golf, Wooded Golf Marsh Harbor Harbor Golf Golf, Marsh Golf, Marsh Golf, Harbor Harbor Deep Water, Harbor Deep Water, Marsh Harbor Golf, Harbor Harbor Deep Water, Harbor Deep Water, Harbor Golf, River Deep Water, Harbor Golf Golf, Lagoon Golf Golf Harbor, Landscape
The Number One Reason to Put Your House on the Market Today! TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 6 1 8,296 1988 $3,800,000 --4 5 1 6,012 2001 $1,949,999 --6 8 2 8,346 2004 $1,945,000 --4 7 3 4,762 1986 $1,919,000 --4 7 1 4,456 1986 $1,900,000 --4 5 0 4,579 2006 $1,895,000 --4 5 1 5,300 1991 $1,875,000 --5 7 1 5,550 2018 $1,795,000 --5 7 1 7,111 2000 $1,795,000 --5 6 1 5,500 2002 $1,700,000 --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 $1,225,000 --4 5 1 3,851 1993 $1,195,000 --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 $758,000 --3 4 1 3,860 1991 $749,900 --4 6 1 5,276 1991 $729,000 --3 4 1 2,742 2001 $725,000 --3 5 2 2,600 1990 $695,000 --5 5 1 4,704 1983 $665,000 --3 4 1 3,150 1985 $615,000 --4 5 1 3,283 2006 $599,000 --3 6 2 3,214 2007 $599,000 --3 4 1 2,101 2000 $389,990 --3 5 2 3,519 2000 $1,099,000 --4 5 1 5,010 1986 $1,095,000 --4 5 1 3,526 1994 $675,000 --5 7 1 7,572 2002 $2,800,000 $2,800,000 5 6 1 5,752 2015 $2,395,000 $2,350,000 5 6 1 6,010 2000 $2,100,000 $2,065,000 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 $1,550,000 5 5 1 5,752 2006 $1,595,000 $1,500,000 4 7 2 6,286 2005 $1,295,000 $1,225,000 5 6 1 4,606 2006 $1,095,000 $975,000 4 5 1 4,682 1993 $799,000 $755,000 3 4 1 3,297 2000 $559,000 $520,000
Source: Keeping Current Matters, August 2018
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.
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!
KEY TRENDS
Americans Rank Real Estate as the Best Investment for Five Years Running!
Source: Gallup via Keeping Current Matters, August 2018
35%
34%
34% Real Estate
30%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 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.
KEY TRENDS
26% STOCKS
25% 20%
19% 17%
17% GOLD
15% 10%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
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%
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 Active Active Active Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
38 Castlebridge Lane 22 Castlebridge Court 60 Wicklow Drive 21 Plumbridge Lane 65 Bridgetown Road 60 Yorkshire Drive 9 Cambridge Circle 2 Wicklow Drive 56 Yorkshire Drive 54 Wicklow Drive 10 Castlebridge Court 12 Castlebridge Court 11 Fairfax Lane 22 Wexford On The Green 28 Yorkshire Drive 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 34 Bridgetown Road 2 Coventry Lane 10 Wexford On The Green 40 Wexford Club Drive 11 Yorkshire Drive 57 Wexford On The Green 45 Wexford On The Green 13 Wexford On The Green 8 Wexford Club Drive 27 Bridgetown Road 20 Wexford On The Green 22 Plumbridge Lane 19 Knightsbridge Lane 18 Plumbridge Lane 13 Bridgetown Road 19 Bridgetown Road 52 Yorkshire Drive 2 Wexford On The Green 22 Wexford Drive 23 Wexford Drive 10 Bridgetown Road 30 Wexford Drive 15 Wexford On The Green
Harbor Deep Water, Harbor Golf Harbor Deep Water, Harbor Golf, Marsh Deep Water, Harbor Golf, Pool Deep Water, Marsh Golf, Pool Harbor Harbor Marsh, River Deep Water Golf, Lagoon Golf, Pool Golf, Landscape Golf Harbor, Pool Golf Golf Golf, Pool Lagoon, Marsh Golf, Lagoon Lagoon Golf, Wooded Golf Marsh Harbor Harbor Golf Golf, Marsh Golf, Marsh Golf, Harbor Harbor Deep Water, Harbor Deep Water, Marsh Harbor Golf, Harbor Harbor Deep Water, Harbor Deep Water, Harbor Golf, River Deep Water, Harbor Golf Golf, Lagoon Golf Golf Harbor, Landscape
The Number One Reason to Put Your House on the Market Today! TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 4 6 1 8,296 1988 $3,800,000 --4 5 1 6,012 2001 $1,949,999 --6 8 2 8,346 2004 $1,945,000 --4 7 3 4,762 1986 $1,919,000 --4 7 1 4,456 1986 $1,900,000 --4 5 0 4,579 2006 $1,895,000 --4 5 1 5,300 1991 $1,875,000 --5 7 1 5,550 2018 $1,795,000 --5 7 1 7,111 2000 $1,795,000 --5 6 1 5,500 2002 $1,700,000 --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 $1,225,000 --4 5 1 3,851 1993 $1,195,000 --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 $758,000 --3 4 1 3,860 1991 $749,900 --4 6 1 5,276 1991 $729,000 --3 4 1 2,742 2001 $725,000 --3 5 2 2,600 1990 $695,000 --5 5 1 4,704 1983 $665,000 --3 4 1 3,150 1985 $615,000 --4 5 1 3,283 2006 $599,000 --3 6 2 3,214 2007 $599,000 --3 4 1 2,101 2000 $389,990 --3 5 2 3,519 2000 $1,099,000 --4 5 1 5,010 1986 $1,095,000 --4 5 1 3,526 1994 $675,000 --5 7 1 7,572 2002 $2,800,000 $2,800,000 5 6 1 5,752 2015 $2,395,000 $2,350,000 5 6 1 6,010 2000 $2,100,000 $2,065,000 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 $1,550,000 5 5 1 5,752 2006 $1,595,000 $1,500,000 4 7 2 6,286 2005 $1,295,000 $1,225,000 5 6 1 4,606 2006 $1,095,000 $975,000 4 5 1 4,682 1993 $799,000 $755,000 3 4 1 3,297 2000 $559,000 $520,000
Source: Keeping Current Matters, August 2018
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.
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!
KEY TRENDS
Americans Rank Real Estate as the Best Investment for Five Years Running!
Source: Gallup via Keeping Current Matters, August 2018
35%
34%
34% Real Estate
30%
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 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.
KEY TRENDS
26% STOCKS
25% 20%
19% 17%
17% GOLD
15% 10%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
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
Our international reach finds buyers.
of the Wexford Real Estate Market
August 2018
KEY METRICS
First Seven Months of 2018 in Review
In Wexford, 17 homes closed in the first seven months of 2018, compared to 11 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $23,490,000, up compared to $11,922,600 during the same period last year. Supply and demand: as of August 1st, 2018, there are 34 Wexford homes listed for sale with an average of 2.4 homes selling per month over the last seven months. That translates into a 14.2-month supply, considered by industry experts to be a strong buyer’s market. There are three homes under contract in Wexford and there are currently 28 lots for sale. Four lots have sold in the last seven months and there are none under contract.
At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing a 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. 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. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.
17
$1,445,000
94.59%
224
Total Sales
Median Price
Sale to List Price
Median Days on Market
Please contact me to schedule a brief introductory meeting and complimentary home valuation. ™
Extensive Domestic & Global Exposure (EDGE )
TECH FOCUS
Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND
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.
604
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
YTD Hilton Head Island Home Sales
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world
YTD Through July 31 for Each Year
• White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home.
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.
How’s the Hilton Head Island Real Estate Market Doing?
Local Postal Customer
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.