Tagged : Buyers

Found 3 blog entries tagged as "Buyers".

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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Hilton Head Home Sales

According to the National Association of Realtors' (NAR) latest existing home sales report, 15,315 is the average number of homes that sell each day in the U.S. The NAR also reported  that there is only 4.8 months inventory supply available for sale. Typically 6 months of inventory is considered "historically normal". This tells us that there are not enough homes available for sale to satisfy the buyers who are searching the market RIGHT NOW. 

In the Hilton Head Island and Bluffton area, the months of supply for single-family homes dropped 22.2% and condos were down 32.7% when compared to July of last year. The supply of homes and condos in the Hilton Head and Bluffton area continues to gradually decline each month. This is great news for sellers!

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Spring is here in the Lowcountry which brings beautiful blooms and green lawns. As the Hilton Head real estate market continues to improve, we expect to see an increase in home sales in 2015. If you’ve been considering selling your Hilton Head or Bluffton home, lower interest rates and tight inventory levels should create an inviting environment for buyers.

When the time comes to sell your home, there are a few things to consider before announcing it to the public and there are several things that you can do without breaking the bank. Three things stand out when marketing your home for sale: clean, de-clutter and color. Here are a few more ideas to help you get ready for the big rush of home buyers this spring on Hilton Head Island.

  1.        Spring
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