If you haven't been to the Maritime center yet, its worth the trip. No matter where you travel in Beaufort County and the surrounding area, you’ll likely cross the waters of Port Royal Sound. These waters are some of the most pristine in the country. The Port Royal Sound Foundation wants to keep them that way. Check out all the upcoming events this November!
Learn more or Donate at www.PortRoyalSoundFoundation.org
With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well. Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a strong economy. The market fundamentals suggest no significant changes from recent trends, other than the seasonally tempered pace we see this time of year. As we move into the final three months of 2019, buyers will find fewer homes coming on the market, but also less competition for those homes.
New Listings were up 7.9 percent to 476. Pending Sales increased 41.8 percent to 451. Inventory shrank 8.6 percent to 2,133 units.
Prices moved higher as Median Sales Price was up 4.8 percent to $325,000. Days on Market increased 8.5 percent to 141 days.
As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. Yet most experts agree these reductions are unlikely to bring sufficient relief, at least in the short term, for first-time home buyers. The lack of affordable inventory and the persistence of historically high housing prices continue to affect the housing market, leading to lower-than-expected existing home sales at the national level.
New Listings were down 11.0 percent to 600. Pending Sales increased 16.2 percent to 510. Inventory shrank 6.5 percent to
The 25th anniversary of Sun City Hilton Head is fast approaching!
Several beautification and expansion projects are well underway. The Sun City entrances on Highway 278 are being redesigned with new landscaping to better reflect the Lowcountry feel for residents and visitors.
The Hidden Cypress Golf Course, pool and fitness center have undergone beautiful renovations and are ready for its Grand re-opening on Monday, August 19th.
The expansion of the Sun City Hilton Head softball complex is in full swing and will includes additional pickleball courts, basketball courts and a sizeable parking lot that will accommodate more resident participation.
Sun City Hilton Head has been awarded Best 55+ community two years in a row. Residents
In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon.
New Listings were up 3.9 percent to 561. Pending Sales increased 8.3 percent to 536. Inventory grew 0.4 percent to 2,237 units. Prices moved higher as Median Sales Price was up 11.9 percent to $330,000. Dayson Market increased 16.3 percent to 143 days. Months Supply of
As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments.
New Listings were down 5.0 percent to 587. Pending Sales increased 21.4 percent to 533. Inventory remained flat at 2,326. Prices moved higher as Median Sales Price was up 7.1 percent to $330,000. Days on Market increased 3.1 percent to 133 days. Months Supply of Inventory was down 5.5 percent to 5.2 months, indicating that demand increased relative to supply.
We are excited to welcome Barry Odell to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty. With a lifelong passion of helping people move from where they are to where they want to be, from the life they live to the life they desire —Barry has found working with people in real estate to be a natural fit.
After graduating from Gettysburg College and Rutgers University Graduate School of Education, Barry embarked on a career in public education, first as a classroom history teacher, then a high school administrator. “Discovering” Hilton Head Island in the mid-80’s, he and his wife Cynthia could no longer resist the call of breezes off the ocean through the Live Oaks—they moved to the Island in 1997.
We are happy to welcome Rita Cymbalista to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty! Rita has been a Realtor since 2003 and earned her Brokers license in 2011. Prior to becoming a Realtor, she worked for Lockheed Martin in Marietta, GA for 17 years. Rita moved to the Lowcountry sin 2007 and has been enjoying the lifestyle ever since.
"I understand that buying or selling a home is more than just a transaction: it’s a life-changing experience. That’s why I provide exceptional, personalized service for all of my clients. I take great pride in the relationships I build and always work relentlessly on my client’s behalf to help them achieve their real estate goals.
I am always striving to lead the field in research, innovation, and
For much of the country, the first quarter of 2019 provided several disruptive weather patterns that contributed to less foot traffic toward potential home sales. Coupled with low affordability, higher prices and an inventory situation in its infancy of recovering from record lows – not to mention several more days of wintry weather in April – slower sales persisted across most residential real estate markets.
However, buyers are beginning to return in force this spring. For well-priced homes in desirable locations, competition is fierce. New Listings were down 1.6 percent to 662. Pending Sales increased 7.3 percent to 588. Inventory grew 4.8 percent to 2,403 units. Prices moved higher as Median Sales Price was up 2.4 percent to $319,250. Days on
The Port Royal Sound foundation is hosting the Gullah Art of the Sound this week at the Maritime Center on Okatie Highway. Did you ever wonder how they make those beautiful sweetgrass baskets? Then you won't want to miss out the Sweetgrass Basket Sewing class on Saturday. This exhibit will feature local Gullah artists who work in varying media. Featured pieces will include paintings, sculptures, hand crafted baskets and more! A percentage of sales will benefit the Port Royal Sound Foundation.