The Hilton Head Homes Blog - Bluffton Real Estate

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…

702 Views, 0 Comments

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…

768 Views, 0 Comments

Welcome Marty Cassidy to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!

Marty Cassidy has joined Berkshire Hathaway HomeServices Hilton Head Bluffton Realty as a real estate sales professional.  Originally from New Jersey, Marty and his wife Rosellyn, spent a few years in Atlanta knowing that eventually they wanted to call the Low Country home.  

Prior to getting his real estate license, Marty had a successful 30-year career in the tech sector working with Fortune 500 companies and several start-up ventures.  He has been an admired leader and innovator in his field.  Marty has a rich and successful background of demonstrated leadership and multi-segment customer experiences.  This experience includes more than a dozen years at Microsoft in various leadership positions. He is a veteran of the US Navy and attended…

1096 Views, 0 Comments

January 2019 Market Reports

Despite a strong U.S. economy, historically low unemployment and steady wage growth, home sales began to slow across the nation late last year. Blame was given to a combination of high prices and a steady stream of interest rate hikes by the Federal Reserve. This month, the Fed responded to the growing affordability conundrum. In a move described as a patient approach to further rate changes, the Fed did not increase rates during January 2019.

New Listings were up 23.9 percent to 611. Pending Sales increased 16.5 percent to 430. Inventory grew 10.0 percent to 2,262 units.

Prices were stable as Median Sales Price decreased slightly to $327,993. Days on Market decreased 8.5 percent to 140 days. Months Supply of Inventory remained flat at 5.1

…

692 Views, 0 Comments

Welcome John Friday to the Berkshire Hathaway HomeServices Hilton Head Bluffton Realty Team!

We are proud to welcome John Friday to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!  John started his career in Savannah and ended up in the Lowcountry, with many far reaching destinations in between, like the West Virginia mountains and top level resort destinations including Turks and Caicos and Deep Water Cay in the Bahamas.  

John and his wife, Denise, decided on Hilton Head Island to call home and where they are raising their delightful twins. They are a very active family, travelling here and there for various sporting events, spending time on the water paddle boarding or at the beach. John enjoys golfing and fishing in his downtime. He is a highly responsive team player with superior knowledge in real estate. He’s straight to the…

2865 Views, 0 Comments

Welcome Andrew Pietz to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!

We are so excited to welcome Andrew Pietz to the Bluffton office at Berkshire Hathaway HomeServices Hilton Head Bluffton Realty.  Andrew is well known and respected in the community and will make a great addition to the team.  Andrew has been in the service industry for over 20 years and has owned multiple hair salons, including his current salon Blow the Hair Bar in Bluffton, SC.   Originally from Ohio, Andrew, his wife and children moved to the Lowcountry in 2012.  

Learn more about Andrew Pietz or contact him at Andrew@HiltonHeadHomes.com

Read the Full Press Release

1082 Views, 0 Comments

December 2018 Market Reports

Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years. High demand for few homes for sale fueled price increases, but evidence is mounting that inventory will finally improve in 2019. This may apply some downward pressure on prices for beleaguered home buyers. A fourth interest rate hike by the Federal Reserve in 2018 spooked the stock market to close out the year. The Fed has indicated that the number of rate increases in 2019 will be halved, which may be of little comfort to an already compressed consumer.

New Listings were up 2.8 percent to 336. Pending Sales increased 1.0 percent to 289. Inventory grew 5.9 percent to 2,231 units, the eleventh consecutive month of year-over-year…

1005 Views, 0 Comments

Colleton River: One of The United States’ Most Beautiful Communities

There is little risk in verbalizing the obvious and stating that Colleton River is not only one of the more beautiful communities in the South Carolina Lowcountry but competes positively for that title from coast to coast.

A Peninsula

One of the more unique features of Colleton River is a gift of nature and the evolution of the landscape of the South Carolina Lowcountry.

The Colleton River community is located on a peninsula and therefore is surrounded on three sides by water.

With the Colleton and Chechessee Rivers to the north and west, and the historically-significant Port Royal Sound that flows to the Atlantic to the east, its natural topography gives the community a rare foundation of beauty and features on which it developed a truly…

1888 Views, 0 Comments

November 2018 Market Reports

The booming U.S. economy continues to prop up home sales and new listings in much of the nation, although housing affordability remains a concern. Historically, housing is still relatively affordable. Although Freddie Mac recently reported that the 30-year fixed rate is at its highest average in seven years, reaching 4.94 percent, average rates were 5.97 percent ten years ago, 6.78 percent 20 years ago and 10.39 percent 30 years ago. Nevertheless, affordability concerns are causing a slowdown in home price growth in some markets, while price reductions are becoming more common.

New Listings were up 11.0 percent to 533. Pending Sales increased 1.0 percent to 396. Inventory grew 4.6 percent to 2,309 units.

Prices were still soft as Median Sales Price…

1129 Views, 0 Comments

October 2018 Market Reports

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.

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…

2776 Views, 0 Comments