If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the year. A trend of market balance is emerging as we approach the end of 2018. Prices are still rising in most areas, and the number of homes for sale is still low, but there is a general shrinking of year-over-year percentage change gaps in sales, inventory and prices.

October 2018 Market Reports


New Listings were up 17.2 percent to 674. Pending Sales increased 2.8 percent to 446. Inventory grew 2.6 percent to 2,327 units. Prices moved higher as Median Sales Price was up 5.5 percent to $334,060. Days on Market decreased 9.5 percent to 134 days. Months Supply of Inventory was down 10.2 percent to 5.3…

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Chosing a Home when DownsizingWhether you have lived in your current home for decades or only a year, as you get older, you may find that you have too much space.  Additionally, thanks to stairs, slippery floors, and poor central air or heating, your old home may no longer suit your needs.  As a result, many seniors are increasingly choosing to downsize.  The process of selling and buying a home is always difficult, but it can be made much easier with proper planning.  Here are some strategies that can help.

 Choose a house that accommodates your medical needs

The most critical step is choosing a house that will accommodate your unique medical needs while also suiting your design preferences.  For instance, if you have trouble with your legs, hips, or ankles, you may not want to…

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Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.

September 2018 Market Reports

New Listings were up 1.6 percent to 441. Pending Sales increased 31.5 percent to 338, the eighth consecutive month of year-over-year gains. Inventory shrank 0.5 percent to 2,253 units.
Prices moved higher as Median Sales Price was up 6.1 percent to $312,990. Days on Market decreased…

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Rising home prices, higher interest rates and increased building material costs have pressured housing affordability to a ten-year low, according to the National Association of Home Builders. Keen market observers have been watching this situation take shape for quite some time. Nationally, median household income has risen 2.6% in the last 12 months, while home prices are up 6.0%. That kind of gap will eventually create fewer sales due to affordability concerns, which is happening in several markets, especially in the middle to high-middle price ranges.August 2018

 

New Listings were up 28.9 percent to 674. Pending Sales increased 10.9 percent to 490, the seventh consecutive month of year-over-year gains. Inventory grew 1.3 percent to 2,250 units.

Prices…

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30th Annual Beach Sweep/River Sweep***Postponed - Reschedule date TBD***

The May River enriches our lives, there are many real benefits to ensuring we protect it including a stronger economy, diverse food products, and outdoor recreational opportunities unique to Lowcountry. Each year we get the chance to come together and give something back to the River through the Town’s Annual Cleanups!

 The 30th Annual Beach Sweep/River Sweep (and the 11th year that we have participated) will be on Saturday, September 15th at the Oyster Factory Park from 9:00 – 11:30 am. Thousands of volunteers across the state participate annually in this event, which is South Carolina’s largest one-day, volunteer, litter clean-up of beaches, marshes and waterways.

 Shout…

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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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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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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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