Where is the Hilton Head real estate market headed? Consumer sentiment is strong, the economy is improving and real estate sales in the Hilton Head market are robust with indications for continuing growth and sales activity in the foreseeable future. 

July 2017 Market Report

For the period from August 2016 through July 2017, the Hilton Head real estate market saw an increase of 3.3% in Closed Sales and a rise in Overall Median Sales Price of 1.9% to $290,000. The $650,001 and Above range saw the largest gain in sales at 17.2% while the $100,001 to $225,000 range sold the quickest at 120 days. It is in the lower-price segment that activity from first-time buyers is most evident. Activity in this segment is crucial to healthy rises in higher-priced segments. 

Across the…

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You've decided that you want to buy property but are uncertain whether it’s better to buy now or wait until next year.  You keep hearing that Now is the Time to Buy.  But why.....?  Well, interest rates have begun to rise and will likely continue to increase.  Inventory is low and prices are increasing.  Bottom line - every day you wait to buy, you face stiffer competition for fewer homes.

Cost of Waiting to Purchase on Hilton Head Island

 

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There was an upward bump in new listings just prior to Easter, but inventory has declined since that seasonal activity.  Houses that show well and are priced correctly have been selling quickly.  New listings are down 10% and pending sales have increased 4%, with a decline of 7.2% in inventory.

Median Sales Price have been increasing and the luxury home market is selling.  Percent of List Price Received continues to hover at 96%.  Months Supply of Onventory continues its downard slope from a little over 8% in 2015 to 7% in 2016 and 2017 is just over 6%.

Although there is a mounting amount of buyer competition during the annual spring market cycle, buyer demand has not abated, nor is it expected to in the immediate future.  What does this mean for…

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We are happy to again be a drop off location for The Deep Well Project's Santa Shop.  Lancaster Real Estate Sales is collecting new, unwrapped toys and other items now through December 16th.   The Santa Shop debuted in 2013 and was a huge success.  Last year, over 900 children received meal baskets and Christmas gifts.  We had fun shopping for the children and it was very heartwarming to see our clients, friends, and colleagues who also contributed.  If you would like to participate (and we hope that you will!) open full post and then click HERE for a recommended Toy List.  

Santa Shop 2013 Lancaster Real Estate & Deep Well

 

You can bring the unwrapped gifts by the office 9am - 5pm during the week or by appointment on the weekends.  We are located at 23C Shelter Cove Lane in the Greenwood…

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Each and every day without fail and regardless of what is happening in our world, Hilton Head Island (and most---but not all coastal areas) experiences two high tides and two low tides within a 24-hour period. Our tides are somewhat unique in that they can rise or fall more than 8 vertical feet in only 6 hours, though the average rise and fall is about 6.5 feet. Compare this with offshore (in the deep ocean) tides which have a tidal change of less than 1.6 feet---or to the tides at the Equator (they are are nonexistent)!Hilton Head Tides

The word “tide” defines the alternating rise and fall in sea level with respect to the land. Tides are the periodic rise and falling of large bodies of water. The gravitational attraction of the moon causes the oceans to bulge out in…

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Keeping up with the neighbors is an age-old idiom that has more than one meaning if you own a second home on Hilton Head Island.  When your neighbor puts their property on the market, it has a direct impact on your property’s value. Sometimes you receive a Just Listed postcard or a Just Sold postcard---but you will not receive a mailing on a price reduction or when the property listing expired because it was priced too high. Thus, the only number you have for comparison is the Listing Price.  You can list a property at any price, but the price it sells for is really the only indicator of the market.  When we list a property for sale, we don’t give you a pie in the sky number to “win” the listing, but a realistic one of where the market is currently…

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With its rich past, vast history and unique ecology, Palmetto Bluff is truly one of the South’s finest treasures. Not far from Hilton Head Island and Savannah, it’s close enough to everything, yet away from it all. As a luxury travel destination and a renowned place to live, this planned residential community and conservation preserve beckons the past, welcomes the future and lives in the moment. Not a precious second is wasted. Pretty never goes out of style and Palmetto Bluff’s architecture, reminiscent of a simpler time blends seamlessly with the sturdy construction and refinements of today. No crowds, no chaos---just well-appointed, serene and artful.

Palmetto Bluff

As the largest remaining waterfront property on the East Coast, the very character of Palmetto…

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Thanks to a committed staff at the Coastal Discovery Museum as well as conservationists and caring volunteers, the Hilton Head Island Sea Turtle Protection Project is gearing up for another nesting and hatching season which runs from May 1 through October 31.

• The Loggerhead sea turtle (Caretta caretta) is the state reptile of our state. Weighing in between 300 – 400 pounds as adults, they have brownish or yellow skin and top shells which can measure from 30 – 42 inches in length.
• Temperature and moisture of the sand determines optimal habitat and Hilton Head’s sandy shores make for great nesting.
• Females nest on all areas of the beach starting the first or second week in May with most nests laid along the open-facing beach.
• Females lay four…

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MHilton Head Beach Renourishmentother Nature has bestowed some of her finest work along the pristine shores of Hilton Head Island. Our beautiful white sand beaches are treasured, nurtured and photographed by generations of islanders and visitors alike, but we must also protect our shores. Beach sand here moves from the center of the island toward its end, dictated by Port Royal Sound to the north and Calibogue Sound to the south. Hilton Head Island is a “transgressive” relic coastal barrier and this type beach erosion---the massive and continual movement of sand---is a naturally-occurring phenomenon.


As part of the Town of Hilton Head’s long-term strategy for restoring and maintaining our beaches, beach renourishment is necessary every seven to ten years, depending on weather…

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Palmetto DunesLocated in the heart of Hilton Head Island, Palmetto Dunes Oceanfront Resort rests along three miles of sparkling white sand Atlantic Ocean beachfront. Revered as one of the finest resort destinations in the world, Palmetto Dunes’ offerings include three championship golf courses (Georgia Fazio, Arthur Hills and Robert Trent Jones Oceanfront), an award-winning tennis center with 25 courts (23 clay and 2 Nova ProBounce), six miles of paved leisure trails which meander through the 1,800-acre resort connecting to the island-wide bicycle trail at the resort’s main entrance, and 11 miles of beautiful winding lagoons which provide a natural preserve for wildlife as well as kayaking and boating enjoyment for residents and guests.

Palmetto Dunes is uniquely…

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