The Hilton Head Homes Blog - Christina Galbreath-Gonzalez

February 2018 Market Report

The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding. Markets are poised for increased supply, so there is hope that more sellers will take advantage of what appears to be a ready and willing buyer base.

• New Listings were up 19.5 percent to 650. Pending Sales increased 14.0 percent to 441. Inventory shrank 7.0 percent to 2,100 units.
• Prices moved higher as Median Sales Price was up 12.2 percent to $314,200. Days on Market decreased 13.7 percent to…

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Berkshire Hathaway HomeServices Hilton Head Realty welcomes Michael Fries

Michael Fries is known in the real estate business for his fantastic customer service, his attention to detail, and his love for the low country.   In addition to receiving his Seller Representative Specialist designation, he is also a certified Pricing Strategy Advisor.  Prior to real estate, Fries was a Professional Golfer’s Association (PGA) Instructor which lends to his immense knowledge of the local golf communities.  Learn more at MichaelFriesProperties.com or contact him today at MichaelFriesRealEstate@gmail.com

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January 2018 Market Reports

Last year, U.S. consumers seemed to be operating with a renewed but cautious optimism. The stock market was strong, wages were edging upwards and home buying activity was extremely competitive. Not much has changed in 2018 in terms of those measures, yet there is a sort of seasoned prudence mixed into the high emotions that go with a major expense like a home purchase.

We are now several years deep into a period of rising prices and low inventory. Those in the market to buy a home have caught on. As sellers attempt to take advantage of rising prices, expect buyers to be more selective. New Listings were down 7.3 percent to 493. Pending Sales increased 6.3 percent to 388. Inventory shrank 9.3 percent to 2,007 units. Prices moved higher as Median…

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December 2017 Market Overview

The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons in a majority of the country for the entirety of 2017, as was housing affordability. And although total sales volumes were mixed, prices were consistently up in most markets. Buyers may not benefit from higher prices, but sellers do, and there should be more listing activity by more confident sellers in 2018. At least that would be the most viable prediction for an economic landscape pointing toward improved conditions for sellers.

New Listings were up 18.9 percent to 327. Pending Sales increased 44.3 percent to 306. Inventory shrank 6.9 percent to 2,049 units.

Prices moved higher as Median Sales Price was up 5.0 percent to $314,000.…

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November 2017 Market Overview

The facts of residential real estate have remained consistent in 2017. In year-over-year comparisons, the number of homes for sale has been fewer in most locales, and homes have been selling in fewer days for higher prices. This hasn't always been true, but it has been a common enough storyline to make it an overarching trend for the year.

New Listings were up 23.7 percent to 480. Pending Sales increased 39.5 percent to 410. Inventory shrank 6.5 percent to 2,143 units.  Prices moved higher as Median Sales Price was up 9.0 percent to $316,568. Days on Market decreased 5.2 percent to 147 days. Months Supply of Inventory was down 16.9 percent to 5.4 months, indicating that demand increased relative to supply.

New tax legislation could have…

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October 2017 Market Reports

For residential real estate in 2017, the news has continued to provide a relative sense of calm for both buyers and sellers. The national unemployment rate registered in at 4.1 percent for October 2017, which means that joblessness has not been this low in the U.S. since December 2000. Another positive, mortgage rates have held steady at or near 3.9 percent. Historically, the average rate has been around 6.0 percent. These factors help to keep the pool of potential buyers full, even during the so-called off-season of home sales.

New Listings were up 88.5 percent to 575. Pending Sales increased 85.4 percent to 458. Inventory shrank 7.3 percent to 2,199 units.

Prices moved higher as Median Sales Price was up 4.0 percent to $315,000. Days on Market…

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September 2017 Market Reports

Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.

New Listings were down 16.9 percent to 434. Pending Sales decreased 11.0 percent to 292. Inventory shrank 12.9 percent to 2,169 units. Prices moved higher as Median Sales Price was up 1.7 percent to $295,000. Days on Market increased 18.2 percent to 156 days. Months Supply of…

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Sporting Activities Spotlight - Golfing on Hilton Head Island

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In the Bluffton/Hilton Head Island area of South Carolina, golf is not a pastime, hobby or casual sport.

Golf is a passion. 

The debate among our golfers and our golf course managers is a simple one, but one that continues to go un-resolved; “Which came first, the passionate golfers or the world class golf courses?” 

Whichever side of the discussion you may favor, the Bluffton/Hilton Head Island area of South Carolina is a golfer’s dream. 

Hilton Head Island & Bluffton: A Golfer's Paradise

Bluffton/Hilton Head Island encompasses an area of less than 125 square miles and is called home by under 60,000 full time residents, yet, there are over forty golf courses for the enjoyment of our ‘passionate golfers’, over thirty of which…

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Hilton Head Real Estate Market Indicators, August 2017

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. 

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 2.1% to $295,000. 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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Hilton Head Real Estate Market Indicators

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. 

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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