Berkshire Hathaway HomeServices Hilton Head Bluffton Realty is pleased to offer these professional and dynamic 60-second market updates for our clients.  The videos touch on 5 key components of market activity:  Active Inventory, Median Listing Price, Days on the Market, Median Sales Price, Units Sold.   

Video Market Updates

  1. Sea Pines
  2. Palmetto Dunes & Shelter Cove 
  3. Forest Beach
  4. Shipyard 
  5. Folly Field, Hilton Head          
  6. Hilton Head Plantation
  7. Windmill Harbour
  8. Long Cove 
  9. Hilton Head Condos ($250K+)
  10. Hilton Head Luxury Homes          
  11. Bluffton   
  12. Oldfield 
  13. Sun City
  14. Latitude Margaritaville           
  15. Bluffton Luxury Homes   

Our goal with these fact-based videos is to share with our clients and prospects about how…

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Or, at leastMovement Mortgage we know people who have answers!  Matt Topping and Kieron O'Grady of The Lowcountry Lending Team at Movement Mortgage can answer your questions on the lending process.  They were recently named  #1 in the COUNTRY for condo lending for Movement Mortgage for the 3rd year in a row.  WOW! 

"WE LOVE CONDOS!!!  We’re also very happy to announce we have an “in-house” solution for the Fannie/Freddie Loan Level Pricing Adjustments that are just starting to take effect that allow us to offer much lower rates for most 2nd homebuyers in our market compared to other lenders. " Matt Topping.

  

If you have questions, they have answers!  Reach out to them below & check out their blog at blog.movement.com  

Matt Topping  Kieron O'Grady

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Hilton Head PupA dog may start as a pet, but their playful companionship and unconditional love soon make them a cherished family member. As you prepare to head out, your heart melts as their tender puppy eyes look up at you and silently beg to come along! Don’t shut the door on your pooch’s adventures any longer! Hilton Head Island’s sub-tropical oasis is the ultimate destination for dogs and their families. Your canine companion will leap at the chance to visit the places listed below, so prepare to spend more coastal time with your best friend.

BEACHES

In Hilton Head, your tail-wagger can jump the waves, dig in the sand, and explore the shore with you every day before 10 AM or after 5 PM. You can even unleash and use voice commands before 10 AM or after 5 PM…

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Electric vehicle Cart Golf Buggies - electric vehicle png download -  1155*963 - Free Transparent Electric Vehicle png Download. - Clip Art  LibraryThe Lowcountry has caught golf cart fever. Many people are warming up to this trendy form of transportation on and off the golf course. Why not cruise on the golf cart to transform a boring short drive into something exciting? Many Hilton Head and Bluffton communities agree that golf carts are not just for golfing anymore!  

What drives the popularity in carting:  

  • Quiet and smooth ride 
  • Electric carts are environmentally friendly
  • Easy to maintain and clean 
  • Convenient for quick trips 
  • Adds variety to your nearby drives  
  • No sand or grass in your car 
  • Safe to drive with low speeds  
  • Kids think their parents and grandparents are cool! 
  • Fresh, Lowcountry air 
  • Neighborhood drive In movie nights and holiday parades

So…

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Election Year Real Estate MarketHow will the outcome of this Presidential election affect housing? The research all points to positives. The Meyers Research group looked at the past 13 election cycles and found an approximate 15% drop in sales activity in the November of a federal election year. But their research notes that “the year after a presidential election is the best of the four-year cycle.” Furthermore, the report states, “This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.”

One piece of the housing puzzle that has been incredibly consistent is interest rates. This week, Freddie Mac reported a twelfth historic low with the average on a 30-year…

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Haunted HousesOctober not only brings along crisp fresh air, but is also a time for spooky decorations and Halloween fun!  If your home is on the market, the question on whether or not to go all out with your Halloween decorations usually comes up.  Unlike some holidays, Halloween is usually a lot of exterior decor that can be creepy, spooky and sometimes frightening giving your home a haunted look!!  Our advice during this holiday is to keep it fun and maybe a little on the minimal side.  As potential buyers walk around your home, they may not want to walk through your "graveyard" or large tree spider web.  Keep those chilling scenes out of main walkways.  Pumpkins and Jack-O-Laterns are always fun especially as it starts to get darker earlier in the evening, just…

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19 Red CardinalBerkshire Hathaway HomeServices Hilton Head Bluffton Realty celebrates another luxury listing sold! 19 Red Cardinal Rd in Sea Pines of Hilton Head Island is one of the most expensive Oceanfront homes sold in the last 10 years on this street! This home was just built in May of 2020 and under contract in less than 30 days. 

Our Luxury Collection Specialist, Nancy Presley, has been selling homes in the Sea Pines area for over 30 years and dominates the high-end market in Hilton Head Island.  She represented the seller in this endeavor.  Learn more about Nancy Presley and the differentiating luxury services she provides for her clients.  

Search Sea Pines Oceanfront Properties HERE

Search Hilton Head Oceanfront Properties HERE

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As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering a bad news-good news situation. While short term declines in the stock market can sting, borrowers who lock in today’s low rates will benefit significantly in the long term.

February 2020 Market Reports

New Listings were down 2.3 percent to 650. Pending Sales increased 21.8 percent to 586. Inventory shrank 14.5 percent to 2,046 units.

Prices moved higher as Median Sales Price was up 7.5 percent to $322,463. Days on Market increased 11.3 percent to 148 days. Months Supply of Inventory was down 20.4 percent to 4.3 months,…

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The 2019 housing market was fueled by the overall strength of the economy across most of the country. The stock markets reached new highs throughout the year, improving the asset bases of millions of Americans. Unemployment rates fell to 50-year lows, while wages increased, creating new home buyers. Mortgage rates also declined significantly from 2018, helping to offset affordability stresses caused by continued price appreciation nationally.  ***More Info below Graph***2019 Annual Report

With a strong economy and low mortgage rates, buyer activity has been strong. However, most markets are being constrained by inventory levels that are still below historical norms. With supply and demand continuing to favor sellers, prices continue to rise.

With 10 years having now…

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Nov 2019 Market ReportsIn November, the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1 percent from last year at this time. Residential new construction activity continues to rise nationally. The U.S. Commerce Department reports that new housing permits rose 5% in October to a new 12-year high of 1.46 million units.

New Listings were down 10.3 percent to 478. Pending Sales increased 10.5 percent to 412. Inventory shrank 11.2 percent to 2,120 units.

Prices moved lower as Median Sales Price was down 5.4 percent to $304,990. Days on Market increased 5.2 percent to 141 days. Months Supply of Inventory was down 18.2 percent…

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