Summer season is in high gear on Hilton Head Island—and the long, lazy days are here to stay (at least through September). The seasons, like the tides (and the latest trends) come and go; but this you must know: Hilton Head real estate is always in season. Whether you are looking to live on the island full-time or join us for just part of the time, we have a place waiting for you. Winter, Spring, Summer or Fall, the island beckons with its world-class beaches, golf courses, active pursuits, and beautiful properties.
From vacation villas to high-end primary homes, the market is heating up. According to the National Association of Realtors, sales of homes in the $750,000 to $1 million range have experienced double-digit growth since January of this year. Who is buying? Baby boomers and international buyers. Demand for luxury properties in high-end locales (hint: Hilton Head) is increasing, and the trend is not likely to abate. As the economy continues to recover, markets are stabilizing, confidence in the real estate sector is strengthening and the textbook fundamentals of supply and demand are back in force.
Seller confidence is rising as those wishing to build, upsize, or downsize are not unduly impacted by competing (though not necessarily comparable) distress properties affecting their property values. Buyer confidence is rising as credit standards and qualification methods are easing a bit, making the process of obtaining a mortgage a little less stressful and demanding. Foreclosures are back on pace to historic norms and filings are at the lowest level since 2006. Beach properties, always desirable from a personal perspective, are now gaining traction from a financial approach. Rising prices and healthy valuations are becoming part of the mainstream again as gains around the five percent level are regarded as stable and sustainable. No more roller coaster rides!
The takeaway from this blog is this: The beach market is hot! Catch a wave, channel your inner palm (as in palmetto tree), grab your beach bag and take a second look at Hilton Head homes and villas for sale on HiltonHeadHomes.com. You can make it happen. Contact s today—we are here to help you find your perfect island escape.