July 2018 Market Reports

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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Congratulations to our own Chris Walker -- Awarded Best Dad in Real Estate!

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 career.

 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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Palmetto Bluff Concert Series - Last One of 2018 & You Don't Want to Miss it!

Have 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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June 2018 Market Report

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.

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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May 2018 Market Report

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.

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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Welcome to the Berkshire Hathaway HomeServices Hilton Head Realty Team!

Derek 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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Explore Long Cove Club Video

What a great way to see and feel all that Long Cove Club has to offer - Read Full Post to see Long Cove Club community video.  We have also made it easy to search Long Cove Club properties for sale - just click HERE to start your search. 

Let us help you go from watching Long Cove Club videoes and wishing you were there, to actually being there. Contact us today!

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Welcome Judy Flanagan to the Berkshire Hathaway HomeServices Hilton Head Realty Team!

We are so excited to welcome Judy Flanagan to the Berkshire Hathaway HomeServices Hilton Head Realty Team!  Not only is Judy one of the most trusted and reliable Realtors in Bluffton and Hilton Head Island, but she brings over 30 years of real estate experience from 3 different states.   In addition to real estate, Judy is passionate about giving back to the community through various volunteer opportunities.  She is on the Board of Directors for the Jasper Boys & Girls Club and the Boys & Girls Club of the Lowcountry.  Learn More about Judy HERE

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April 2018 Market Report

Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale. We are finally beginning to see some upward movement in new listings after at least two years of a positive outlook. There may not be massive increases in inventory from week to week, but a longer-term trend toward more new listings would be a good sign.

Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months. New Listings were up 20.4 percent to 673. Pending Sales increased 40.2 percent to 582. Inventory shrank 7.6 percent to 2,224 units. Prices moved higher as Median Sales Price was up 2.7 percent to…

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March 2018 Market Report

New residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have had increases in signed contracts, but the vast majority of the nation continues to experience fewer closed sales and lower inventory compared to last year at this time. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue for the foreseeable future.

New Listings were up 3.9 percent to 774. Pending Sales increased 20.2 percent to 606. Inventory shrank 8.3 percent to 2,189 units.

Prices moved higher as Median Sales Price was up 2.3 percent to $301,870. Days on Market decreased 9.1…

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