July 2019 market Reports

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…

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June 2019 Market Reports

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.

In terms of…

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Barry OdellWe 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.

For the last 25 years he has focused on…

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Rita CymbalistaWe 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…

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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.

2019 Market Reports


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…

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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.

Gullah Art

 

 

 

 

 

 

 

 

 

 

 

 

 

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March 2019 Market Reports

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low.

New Listings were down 3.4 percent to 748. Pending Sales decreased 2.3 percent to 553. Inventory grew 7.4 percent to 2,433 units.

Prices moved higher as Median Sales Price was up 8.7 percent to $325,000. Days on Market increased 0.7 percent to 139…

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Sarah O'Leary TakacsWe are so happy to welcome Sarah O'Leary Takacs to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!  Sarah will be serving clients for residential real estate sales in the Hilton Head Island, Bluffton and Luxury market. She brings with her 37 years of sales experience. 

As an agent who's an expert in this local area with over 37 years in the local market, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you. Here are some of the things I can do for you:

Find Your Next Home
You need someone who knows this area inside and out! I can work with you to find the right property at the right price…

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February 2019 Market Reports

It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and snowy days that have stalled some buying and selling actions. Nevertheless, housing markets have proven to be resilient despite predictions of a tougher year for the industry. It is still too early to say how the entire year will play out, but economic fundamentals remain positive.

New Listings were up 2.3 percent to 665. Pending Sales increased 26.2 percent to 515. Inventory grew 5.5 percent to 2,298 units.  Prices were still soft as Median Sales Price was down 2.3 percent to $299,150. Days on Market decreased 8.3 percent to 132 days. Months Supply of…

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