Real Estate Blog

Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months.  With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong.  Given the fact that gradually rising mortgages rates often infuse urgency to get into a new home before it costs more later, buyers need to remain watchful of new listings and make their offers quickly.

 New listings were up 14.8% to 669.  Pending sales increased 24.6% to 588.  Inventory levels shrank 7.1% to 2,211 units.

 Prices moved higher as median sales price was up 9.7% to $328,000.  Days on market decreased 2.8% to 139 days.  Months supply of inventory

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BY MANDY MATNEY - Island Packet

The music scene is always hot in the Lowcountry and it gets even hotter in the summertime.

You can see a cheap or free show virtually any night of the week this summer in the Hilton Head Island-Bluffton area — communities surprisingly saturated with local talent.

How awesome is that? So spice up your summer and save this list for some awesome summer nights.

Shelter Cove Community Park will be rocking every Friday night starting June 15. All you need is a blanket or a beach chair for this family-friendly concert series.

When: Every Friday 7-10 p.m. June 15 through Aug. 17
Cost: Free
Music Schedule: June 15 - Deas-Guyz. June 22 -The Headliners . June 29 - Cranford Hollow. July 6 - Headliners. July 13 -Target.

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Lights out for Turtles

Photo of Sea Turtle Hatchlings headind to sea

The Loggerhead sea turtle (Caretta caretta) is the state reptile of South Carolina and the most common sea turtle nester along our shores. They are easily recognizable by the large size of their head in relation to their body and their brownish or yellow skin. Adults have top shells that measure from 30-42 inches in length and usually weigh up to 400 pounds. Males are larger than females, and are not known to come ashore once they leave their beach of birth. Females usually begin to nest the first or second week in May; the nesting season usually ends by the end of August. Females usually emerge to nest at night and lay an average of 120 eggs per nest. They locate an appropriate nest site by judging the temperature and

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With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. 

1. Prices Will Continue to Rise

CoreLogic's latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to

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For the 12-month period spanning February 2017 through January 2018, Pending Sales in the Hilton Head region were up 13.7 percent overall. The price range with the largest gain in sales was the $375,001 to $650,000 range, where they increased 23.5 percent. The overall Median Sales Price was up 3.9 percent to $302,750. 

 The property type with the largest price gain was the Condos / Villas segment, where prices increased 4.9 percent to $215,000. The price range that tended to sell the quickest was the $100,001 to $225,000 range at 119 days; the price range that tended to sell the slowest was the $650,001 and Above range at 212 days. Market-wide, inventory levels were down 9.3 percent. The property type that lost the least inventory was the Single Family

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2017 was a great year for real estate sales in Beaufort County. If you are looking to sell a home in 2018, the market looks to be in your favor. After years of a "Buyers’ Market", it seems that we are making a shift back to a "Sellers’ Market". When real estate professionals refer to a market as a sellers’ market, it's due to the lack of inventory (homes) vs. the number of buyers. Typically, in a sellers’ market, homes sell faster and for a higher price. 

2017 Stats: Sales on residential homes rose by 9% on Hilton Head Island and 19% for condo's and villas. In Bluffton, sales rose nearly 6% over last year. Homes priced between $220,000 - $675,000 saw the largest increase in activity. 

In 2017 the median sales price on HHI was $535,000 and in

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 Sales: Pending sales increased 15.8 percent, landing at 4,852 to close out the year. Closed sales were up 10.2 percent to finish 2017 at 4,684. 

 Listings: Year-over-year, the number of homes available for sale was lower by 6.9 percent. There were 2,049 active listings at the end of 2017. New listings increased by 3.6 percent to finish the year at 6,369. Home supply was once again lower than desired in 2017. 

 Distressed Properties: The foreclosure market has dwindled from its peak several years ago. In 2017, the percentage of closed sales that were either foreclosure or short sale decreased by 25.4 percent to end the year at 2.8 percent of the market.

 Prices: Home prices were up compared to last year. The overall median sales price

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Avoid making any change until you have run the numbers and have a clear understanding of the costs. 

Key Takeaways: 

If you are thinking about changing brokerages, compare your total expenses at your current brokerage and what your projected expenses will be at your new brokerage, including the tools and services that both brokers pay (or don’t pay) on your behalf.

If you’re working at a full-service brokerage where you are on a 60-40 split, you may be tempted to jump ship to one of the 95-5 or 100-percent brokerage firms. Before you make that decision, take a hard look at the numbers — you may be making more exactly where you are.

So-called 95- or 100-percent brokerages are mushrooming up everywhere. Although their main selling point is their

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