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
Avoid making any change until you have run the numbers and have a clear understanding of the costs.
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…
Top reasons sellers should list now, plus tips for making the most of that December sale
by Amy Puchaty Dec 8 , 2017
Selling a home during the holidays sounds stressful, and for homeowners who love to entertain and go all-out with decorations, it could end up being a total buzzkill. But those willing to make their home sellable year-round stand to gain a competitive edge with fewer properties on the market and the most serious buyers out and about forgoing festivities to search for their dream home.
Here are the top 10 reasons to list now, plus a few tips on how to make your listing shine as bright as Rudolph when you do.
Overcome the stigma
The first step is overcoming any stigma your seller may have about listing over the holidays. Most…
What should you know before buying a home?
Before you even start looking for a home it’s a good idea to pre-qualify for a loan, find the right agent, narrow down your home search and decide what features are essential for your needs.
Once you are under contract your Real Estate Agent can help you find a professional home inspector and walk you through the closing process.
Click on the link below to learn more.
New to South Carolina?
Registering a Motor Vehicle or Recreational Vehicle Upon moving. You have 45 days to register. First, visit the Beaufort County Auditor’s Office to have a tax bill created with the following: Bill of Sale or Title (If purchased from an…
Low housing supply is both a month-over-month and now multiple year over-year happening. For the 12-month period spanning October 2016 through September 2017, Pending Sales in the Hilton Head region were up 4.5 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 8.9 percent.
The overall Median Sales Price was up 2.1 percent to $296,000. The property type with the largest price gain was the Condos / Villas segment, where prices increased 3.6 percent to $213,000. The price range that tended to sell the quickest was the $100,001 to $225,000 range at 120 days; the price range that tended to sell the slowest was the $650,001 and Above range at 205 days.
Market-wide, inventory levels…
How long can the residential real estate market go on like this? We are about two years into a local trend of dropping housing supply and increasing median sales prices. Multiple-offer situations over asking price are commonplace in many communities, and good homes are routinely off the market after a single day. It is evident that a favorable economy keeps hungry buyers in the chase.
For the 12-month period spanning August 2016 through July 2017, Pending Sales in the Hilton Head region were up 8.1 percent overall. The price range with the largest gain in sales was the $650,001 and Above range, where they increased 17.2 percent. The overall Median Sales Price was up 2.1 percent to $295,000.
The property type with the largest price gain was the…
Not sure where to go or what to do…. How about some “Stellar” ideas!
Awesome events around Beaufort County and SC to watch the solar eclipse
Beaufort Academy will be featuring guest speakers and present displays in association with The Kennedy Space Center starting at 1:30 p.m. the day of the eclipse, then hosting eclipse viewing from their football field. Free eclipse glasses will be available on a first come, first serve basis.
Beaufort County Libraries- Branches around the county will be hosting various events. Many branches will screen the NASA live feed of the eclipse as it makes its way across the country to the South Carolina Coast and the Bluffton branch will hold an “eclipse and salsa” party starting at 2 p.m. For a…
A strong foundation is required for every new beginning. Whether building a new home or a new career just one crack can mean dream demolition. Find your new beginning with Foundation Realty! Here our vision is in our name. We offer a stable foundation and provide Realtors with the necessary tools to build and grow with us. Since our inception in 2008 we have been welcoming Realtors to join our family and come home to their forever company. Read on to see why Foundation Realty is waiting to welcome you!
We are Stable and Strong: We are constantly growing and developing ways to become more technologically innovative. We have implemented an unmatched lead generation process in order to ensure that buyer leads are efficiently delivered to our agents…
It’s worth the trip! Do a little house shopping, then enjoy an afternoon or evening out eating some of South Carolinas favorites…. Here’s what the Food Network has to say (click the link for the full article & list of SC traditions) http://www.foodnetwork.com/restaurants/packages/best-food-in-america/photos/what-to-eat-south-carolina
Partake of the Palmetto State: What to Eat in South Carolina
Dig into the seafood, sips, sweets and savories that make South Carolina one of the most food-forward destinations in the country.
- Oysters- Roasting oysters or slurping ‘em on the half shell are South Carolina rites. There are literally dozens of oyster hotspots up and down the coast.
- She-Crab Soup - A rich soup that’s similar to bisque, she-crab