February 2018

Found 4 blog entries for February 2018.

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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