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 Bluffton. Gone are the days where a seller will accept a “low-ball” offer. Sellers seem to be holding firm on their pricing.
Here’s a great infographic from Keeping Current Matters regarding the profile of single home buyers over the past year. Whether you are looking to buy or sell on Hilton Head Island or in Bluffton, give me a call. I can help!
Marguerite C Carver, GRI, CRS
22 Folly Field Road
Hilton Head Island SC 29928
Licensed in PA, NJ and SC
MARKETING & SELLING Real Estate for 30 Years
Practicing the Art of Southern Hospitality