November 2015

Found 6 blog entries for November 2015.

Here are some interesting facts derived from the National Association of Realtor’s (NAR) profile of home buyers and sellers for 2015. First time home buyers made up 32% of all home buyers and the typical buyer was 44 years old with a median household income of $86,100. Twenty four percent of home buyers were singles, 15% being single females and 9% being single males.

In 2015, buyers seemed to focus on previously owned homes 84 percent of the time. There was a median of 14 miles between the homes that recent buyers purchased and the homes they previously owned. Home prices increased slightly and buyers typically purchased homes for 98% of the asking price. This is something to consider if you are buying or selling a home on Hilton Head Island or in

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For the 12-month period spanning November 2014 through October 2015, pending sales in the Hilton Head region are up 17.6 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 28.3 percent.

 The overall median sales price rose 8.3 percent to $275,000. The property type with the largest price gain was the condo segment, where prices increased 8.7 percent to $190,750. The price range that tended to sell fastest was the $100,001 to $225,000 range at 89 days; the price range that tended to sell the slowest was the $650,001 and above range at 157 days.

Market-wide, inventory levels dropped 13.1 percent. The property type that lost the least inventory was the single family segment, where it

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Foundation Realty proudly announces the addition of Realtor®, Jennifer Bell. Jennifer began selling real estate at the age of 19 with a family business in Clarks Summit, PA while completing her degree in education at Marywood University. Jennifer brings years of real estate experience and extensive local expertise to the team at Foundation Realty. She specializes in all aspects of residential real estate.

A Hilton Head Island resident since 2003, Jennifer is a passionate member of the community volunteering for various non-profits such as the Island Rec Center, Hilton Head Baseball Association, Upward Basketball and PTO. She is also a board member for Girls on the Run.

Jennifer can be reached at (843)422-4739 or by email

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The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

In a recent article, John Taylor, CEO of the National Community Reinvestment Coalition, explained that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth:

“We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things

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November 21, 2015 – January 3, 2013 - Dove Street Festival of Lights at Shelter Cove Towne Center

Dvoe Street Festival of Lights has been a Hilton Head Island holiday tradition for over 20 years. Hosted at the Shelter Cove Towne Center, visitors can experience a display of over 70,000 holiday lights. The event is presented by Kroger and the merchants of Shelter Cove town center. Enjoy nightly entertainment for all ages from 6PM to 10PM. The Deep Well Project and PEP (People for Exceptional People) will be accepting donations onsite. For a full schedule of events, Click Here

November 27, 2015 – January 1, 2016 – Harbour Town Lights

Stroll the harbour and experience beautifully illuminated seasonal figures and holiday lights all leading to

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It was a busy weekend in the Lowcountry! Residents and visitors took part in the Island Recreation Center's Pumpkin Patch on Friday night, donned their favorite Halloween costume on Saturday night and turned the clocks back for daylight savings.

It was also a great weekend for Hilton Head and Bluffton real estate. Take a look at the numbers:

  • 43 New properties came on the market this weekend.
  • 31 Properties went under contract this weekend.
  • 25 Properties sold this weekend. 

If you're thinking of buying or selling real estate on Hilton Head Island or the surrounding areas, give us at call at 843-686-4002 or email us at Support@FoundationRealtyTeam.com. We can help!

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