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The Hilton Head Homes Blog

July 2018 Market Report

Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher prices and lower inventory, but the common markers that caused the last housing cooldown are present. Wages are up but not at the same pace as home prices, leading to the kind of affordability concerns that can cause fewer sales at lower prices. At the same time, demand is still outpacing what is available for sale in many markets.

New Listings were up 7.6 percent to 541. Pending Sales increased 25.4 percent to 519. Inventory shrank 5.9 percent to 2,161 units. Prices moved higher as Median Sales Price was up 2.8 percent to $298,158. Days on Market decreased 17.8

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moss creek entry sign

When you first research living in South Carolina’s Lowcountry you are immediately confronted with the amazing number and diversity of activities available to residents and visitors. Trip Advisor lists twenty-five. Well some of them are not for everyone, like extreme watersports.

water jet pack, near Moss Creek, SCThe extreme activity depicted on the right is called Water Jetpack Riding and yes, it is available as a recreation activity in the Bluffton-Hilton Head Island area. Not within the confines of the Moss Creek community but within a twenty-minute drive.

The amazing thing about Moss Creek is that within the borders of this one-thousand-acre gated community are so many of the sports, interests and pastimes sought after by people of every age group and background.

I will

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We couldn't be prouder of Chris Walker, an agent here at Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!  Check out this article from McKissock:

Two 24/7 Jobs: How This Dad Balances Parenting and Real Estate

In June we held a contest asking you to nominate the best dads in real estate you know. Out of the many entries, Chris Walker of Hilton Head Homes walked away with the top prize. Here’s how he manages fatherhood and having a successful real estate Chris Walker Best Dad in Real Estatecareer.

 Not many dads make a practice of planting a garden with their kids. Yet each spring, Chris Walker takes time out of his busy job heading up his real estate sales, vacation rentals and property management companies to teach his kids how to work the earth. They go shopping for

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Annual Back-to-School Expo Event

Saturday, July 28th, 2018 from 10 a.m. to 2 p.m.

Just released from the Beaufort County School District:

The Beaufort County School District is teaming up with government agencies and private-sector business partners to hold its annual “Back-to-School Expo” designed to give students and their families a day of fun, food, door prizes and valuable information about the upcoming 2018-19 school year. A number of community service providers will be present to inform parents and students about services available within Beaufort County.

This year’s Expo is set for Saturday, July 28, at the Beaufort-Jasper Academy of Career Excellence, located at 80 Lowcountry Drive in Ridgeland.  The event will run from 10 a.m. to 2

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HavPalmetto Bluff, SCe you experienced the pristine beauty of Palmetto Bluff? Do you love good music? Dont' miss the last event in the Summer Concert Series at Palmetto Bluff.  This event is fun for all ages, and takes place in Moreland Village with the beauftiful May River as the backdrop.

When: Tuesday August 7th, Gates open at 5:00 p.m. Concert begins at 6:30 p.m.

Who: Levon

How much?: $25 per car (load 'em up!) at the gate. Proceeds benefit Family Promise of Beaufort County, whose mission is to provide temporary shelter, family stability and permanent housing solutions for homeless families with children by mobilizing community resources. 

Bring your own chairs or a blanket to spread out on. And, your favorite Tuesday night date! Food and beverages will

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Housing markets across the nation are most assuredly active this summer, and buyer competition is manifesting itself into several quick sales above asking price.  While the strength of the U.S. economy has helped purchase offers pile up, the Fed recently increased the federal funds rate by 0.25 percent, marking the second rate hike this year and seventh since late 2015. Although the 30-year mortgage rate did not increase, buyers often react by locking in at the current rate ahead of assumed higher rates later. When this happens, accelerated price increases are possible, causing further strain on affordability.June 2018 Market Reports

New Listings were up 9.8 percent to 619. Pending Sales increased 3.8 percent to 466. Inventory shrank 4.3 percent to 2,254 units. Prices moved

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Sensing History

One of the most powerful experiences of being a northerner transplanted to the Lowcountry is the sensation that history is somehow merged into and an integral part of our everyday activities.

This may be due to the fact that there are remnants of yesterdays throughout the Lowcountry, that we pass every day, and researching those remnants is so available that a question as to a church, building or a tree can be answered before one puts one’s head on their pillow for the night

Old Town Bluffton is one of those mixed environments that entice the observer to learn more.

Bluffton is a lot older than one thinks

I, of course, was driven to take my discovery efforts back to the very beginnings of Bluffton being populated and

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Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong. Given the fact that gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later, buyers need to remain watchful of new listings and make their offers quickly.

 

May 2018 Monthly Indicators

New Listings were up 14.8 percent to 669. Pending Sales increased 24.6 percent to 588. Inventory shrank 7.1 percent to 2,211 units. Prices moved higher as Median Sales Price was up 9.7 percent to $328,000. Days on Market decreased 2.8 percent to 139 days.

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belfair south carolina, entry sign

Throughout the Southeast United States developers have incorporated the term ‘Plantation’ in the names of communities they create. This conjures up in the minds of the potential residents, visions of all the comfort, luxury and genteel ways during the Antebellum period.

Although many municipal governments throughout the south have passed legislation limiting the use of ‘plantation’ in the name of a community, inserting it is quite a common practice

So, it is a pleasure to describe a splendid community that before the War of 1812, was actually a working, thriving plantation - Belfair Plantation.

Legitimate Plantation Origins

Belfair had its beginnings as a plantation a year before the British invaded our shores in their attempt to re-inject

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Derek HollandDerek Holland has joined Berkshire hathaway HomeServices Hilton Head Realty and will be serving our Bluffton and Okatie clients in our new Bluffton location!   Derek is well know in the real estate community for his dedication to his clients and his knowledge of Bluffton real estate.  Growing up on a dairy farm, Derek has a strong work ethic.  Learn more about Derek HERE.

Derek can be reached at Derek@DerekHollandRealEstate.com or 843.290.0237

 

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