The Hilton Head Homes Blog - Hilton Head Island Real Estate

Sun City: North or South Side Real Estate?

Renovations to the common areas in Sun City continue just as the Lowcountry begins to have that nip of Fall in the air. This is the time of year when residents begin considering a move before the holidays arrive. Some need more space and others begin to downsize. In either situation, there are a few items to consider when choosing real estate on the north side or the south side of Sun City.

Which Is The Right Choice For Me?

The original neighborhoods on the south side of Highway 278 are very established with mature landscaping and many of the amenities available to all residents. The north side is a bit newer and the houses have updated floor plans and styles.

Some of the considerations include homeowner dues, taxes and home amenities that…

1623 Views, 0 Comments

September 2019 Market Reports

With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well. Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a strong economy. The market fundamentals suggest no significant changes from recent trends, other than the seasonally tempered pace we see this time of year. As we move into the final three months of 2019, buyers will find fewer homes coming on the market, but also less competition for those homes.

New Listings were up 7.9 percent to 476. Pending Sales increased 41.8 percent to 451. Inventory shrank 8.6 percent to 2,133 units.

Prices moved higher as Median Sales Price was up 4.8 percent to $325,000. Days on Market increased 8.5 percent to 141 days.…

731 Views, 0 Comments

August 2019 Market Reports

As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. Yet most experts agree these reductions are unlikely to bring sufficient relief, at least in the short term, for first-time home buyers. The lack of affordable inventory and the persistence of historically high housing prices continue to affect the housing market, leading to lower-than-expected existing home sales at the national level.

New Listings were down 11.0 percent to 600. Pending Sales increased 16.2 percent to 510. Inventory shrank 6.5 percent to…

709 Views, 0 Comments

July 2019 Market Reports

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon.

New Listings were up 3.9 percent to 561. Pending Sales increased 8.3 percent to 536. Inventory grew 0.4 percent to 2,237 units.  Prices moved higher as Median Sales Price was up 11.9 percent to $330,000. Dayson Market increased 16.3 percent to 143 days. Months Supply of…

784 Views, 0 Comments

June 2019 Market Reports

As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments.

New Listings were down 5.0 percent to 587. Pending Sales increased 21.4 percent to 533. Inventory remained flat at 2,326. Prices moved higher as Median Sales Price was up 7.1 percent to $330,000. Days on Market increased 3.1 percent to 133 days. Months Supply of Inventory was down 5.5 percent to 5.2 months, indicating that demand increased relative to supply.

In terms of…

734 Views, 0 Comments

May 2019 Market Reports

At this point in the year, we are getting a good sense for how the housing market is likely to perform for the foreseeable future. And although it is not a particularly exciting forecast, it is a desirable one. Markets across the country are regulating toward a middle ground between buyers and sellers. While it remains true that sales prices are running higher and that inventory options are relatively low, buyers are beginning to find wiggle room at some price points and geographies.

New Listings were up 3.7 percent to 694. Pending Sales increased 9.7 percent to 601. Inventory grew 3.4 percent to 2,363 units.

Prices moved higher as Median Sales Price was up 0.5 percent to $321,500. Days on Market held steady at 136. Months Supply of Inventory…

655 Views, 0 Comments

April 2019 Market Report

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.

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…

922 Views, 0 Comments

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…

703 Views, 0 Comments

Welcome Sarah O'Leary Takacs to Berkshire Hathaway HomeServices Hilton Head Bluffton Realty!

We 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…

1059 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…

769 Views, 0 Comments