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Hilton Head Island Real Estate

Found 40 blog entries about Hilton Head Island Real Estate.

For much of the country, the first quarter of 2019 provided several disruptive weather patterns that contributed to less foot traffic toward potential home sales. Coupled with low affordability, higher prices and an inventory situation in its infancy of recovering from record lows – not to mention several more days of wintry weather in April – slower sales persisted across most residential real estate markets.

2019 Market Reports


However, buyers are beginning to return in force this spring. For well-priced homes in desirable locations, competition is fierce. New Listings were down 1.6 percent to 662. Pending Sales increased 7.3 percent to 588. Inventory grew 4.8 percent to 2,403 units. Prices moved higher as Median Sales Price was up 2.4 percent to $319,250. Days on

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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

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Sarah O'Leary TakacsWe are so happy to welcome Sarah O'Leary Takacs to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!  Sarah will be serving clients for residential real estate sales in the Hilton Head Island, Bluffton and Luxury market. She brings with her 37 years of sales experience. 

As an agent who's an expert in this local area with over 37 years in the local market, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you. Here are some of the things I can do for you:

Find Your Next Home
You need someone who knows this area inside and out! I can work with you to find the right property at the right price

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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

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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

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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.

December 2018 Market Reports

 

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

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Susie CastelliniWe are excited to welcome Susie Castellini to the Hilton Head office of Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!  Originally from the Cincinnati Ohio area, Susie's love for the Lowcountry started back in the late 70's when she vacationed here with her parents as a child.  Now she is lucky to call Hilton Head home and raise her children here.  

Being a "people-person" has helped Susie with her real estate career.  Her dedication to her clients, effective communication, and local knowledge have been beneficial to her clients buying and selling property in the area.  

Learn more about Susie HERE

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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.

November 2018 Market ReportNew 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

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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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