South Carolina Estate Market over the Past Decade
The South Carolina REALTORS have just provided a couple graphs that show the real estate sales activity for the entire state between 1999 and 2009. The past ten years was truly a unique decade to the real estate activity Hilton Head Island area and statewide.
The facts show where 2005 was the high in number of [...]
The Signs You Have Been Looking For
Year end reports just arrived and guess what? Of the 13 areas that make up Hilton Head Island Real Estate:
9 of them ended the year with less inventory than the same time last year
6 areas had more sales than 2008
Days on the market dropped in 8 of the 13.
Inventories down, days on the market down, [...]
WHERE DO WE GO FROM HERE? | Hilton Head Plantation | Market Update
Indicators of why this is the time to buy real estate are:
1) Prices are great
2) Inventory is down from March 09’s high of 174 to 108 today
3) Interest rates are very desirable hovering around 5% and
4) the buyer’s tax credit is just icing on the cake!
The next several months should show us a glimpse of [...]
Learn Life Looking Back | Indigo Run Market Update
“We live life going forward and we learn life looking back.” I have shared that quote before but after this year it was worth repeating. After 25 years of selling real estate and focusing on being positive, my memory of downturns is short but the scars of this tumultuous market will last a very long [...]
The Last Decade | Real Estate & The Movies
To say the very least, I am a movie geek. I have been since I watched ET for the first time and bawled my eyes out. I believe movies are a litmus test of what kind of person we are and what kind of people we want to be (sometimes secretly). Movies also give us natural [...]
The Year in Review | Moss Creek
End of Year Summary – Moss Creek Plantation
As we close-out 2009, it is important to reflect on the market and compare it to past years. This helps us gauge where we have been and forecast where we are going.
The Bad News: there is a trend of falling prices and fewer sales from
2007 to 2009.
The Good [...]
Market Drift Report | Moss Creek
This is the second month that I’ve done the Market Drift Report – this time for Moss Creek. In my previous Drift Report for Sea Pines Plantation, each of the price bands displayed much of the same behavior, with homes displaying 5% Sales Drift or less selling much faster than those with higher percentages of [...]
2009 – the year that everyone was touched by the Events of October 2008
Hilton Head Island real estate has held it own in face of the most significant financial crisis over the past 80-90 years. While the nation experienced the economic down turn of 1990-1992, Hilton Head Island came into the downturn late and came out of the downturn earlier than most of the United States.
One of the [...]
The Truth about Real Estate “Deals”
We know everyone wants a good deal, no matter if you’re buying toothpaste or a home. That fact rings true especially in this market, as everyone knows prices have gone down appreciably. But one must keep in mind that “good” deals are relative and take a little time to study. Your idea of what a [...]
Market Update – Hilton Head Plantation – October 2009
GOOD NEWS! On November 6th new legislation was implemented to extend and expand the first time homebuyer’s tax credit as well as authorize the credit for long-time homebuyer’s buying a replacement principal residence. Call Brad if you have any questions.
There were 14 new home listings in October (There are currently 120 homes on the market) [...]
