Category: Homeowners

Sea Pines Plantation homes sales were up 5.6% from last year

Summer is here, the weather is warm, the turtles are making their nests, the bikers have overtaken the trails and Hilton Head Island Real Estate is Hot!

Home Report

Sea Pines Plantation homes sales were up 5.6% from last year – 93 homes sold this year compared to 88 the year before. There are 145 active homes, 42 homes under contract and 38 sales for the month of May (27 sold May 2017). The average days on market YTD is 159 days which is down from 210 last year, while the median price dropped slightly to $660k.

Villa Report

Sea Pines Villa sales were down 5%, however median price was up 16.4%. The increase was a result of a lack of inventory – YTD active villas are down over 10%. There are only 69 Active villas on the market; last year there were over 80. In May 2018 16 villas sold, 20 sold last year, and 19 are currenlty under contract. Sellers are not waiting as long for an offer as days on market (DOM) is now 157 versus 175 last year.

The Big Picture

Hilton Head Area real estate activity has continued its upward trend in number of sales and median sales price. Although housing supply is low, there are signs of improvement for new listings. Sellers are beginning to come out of hibernation while new build projects are taking shape with more regularity. Many sellers and builders are in a good position for financial gains, as the economy continues to improve. Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months. In addition; buyers are encouraged to act now as they become more aware of increasing mortgage rates.

Let’s Get Started!

As residents and owners specializing in Sea Pines with a combined 36 years of experience, Becky and Monica have a vested interest in the future of Sea Pines and the success of our community. Herman & Davis Properties offers you their wealth of knowledge with regards to staging your home, timing your sale for maximum value, proper market positioning, and current market trends. Mistakes are costly and EXPERIENCE COUNTS in this market!

Please give Herman & Davis Properties the opportunity to assist you in buying or selling your property today!

Summer is here, the weather is warm, the turtles are making their nests, the bikers hit the trails and Hilton Head Island Real Estate is Hot!

Home Report

Sea Pines Plantation homes sales were up 5.6% from last year – 93 homes sold this year compared to 88 the year before. There are 145 active homes, 42 homes under contract and 38 sales for the month of May (27 sold May 2017). The average days on market YTD is 159 days which is down from 210 last year, while the median price dropped slightly to $660k.

Villa Report

Sea Pines Villa sales were down 5%, however median price was up 16.4%. The increase was a result of a lack of inventory – Year to Date active villas are down over 10%. There are only 69 Active villas on the market; last year there were over 80. In May 2018 16 villas sold, 20 sold last year, and 19 are currently under contract. Sellers are not waiting as long for an offer as days on market (DOM) is now 157 versus 175 last year.

The Big Picture

Hilton Head Area real estate activity has continued its upward trend in number of sales and median sales price. Although housing supply is low, there are signs of improvement for new listings. Sellers are beginning to come out of hibernation while new build projects are taking shape with more regularity. Many sellers and builders are in a good position for financial gains, as the economy continues to improve. Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months. In addition; buyers are encouraged to act now as they become more aware of increasing mortgage rates.

Let’s Get Started!

As residents and owners specializing in Sea Pines with a combined 36 years of experience, Becky and Monica have a vested interest in the future of Sea Pines and the success of our community. Herman & Davis Properties offers you their wealth of knowledge with regards to staging your home, timing your sale for maximum value, proper market positioning, and current market trends. Mistakes are costly and EXPERIENCE COUNTS in this market! Please give Herman & Davis Properties the opportunity to assist you in buying or selling your property today!

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home.

In Sea Pines, year to date, the closed sales have increased in the residential home market 9.5% with the median sales price increasing from $612,500 to $657,500. This 7.3% increase in median sales price has encouraged Sellers to enter the market; new listings are up 15.2%. Homes are selling an average of 146 days verses 194 days last year.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home.

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

In Sea Pines, year to date, the closed sales have increased in the residential home market 9.5% with the median sales price increasing from $612,500 to $657,500. This 7.3% increase in median sales price has encouraged Sellers to enter the market; new listings are up 15.2%. Homes are selling an average of 146 days verses 194 days last year.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!

In Sea Pines, year to date, the closed sales have increased in the residential home market 9.5% with the median sales price increasing from $612,500 to $657,500. This 7.3% increase in median sales price has encouraged Sellers to enter the market; new listings are up 15.2%. Homes are selling an average of 146 days verses 194 days last year.

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!

In Long Cove year to date, the closed sales have increased in the residential home market by a whopping 215%.. This month, there were six (6) closed home sales versus one (1) closed sale last year in April. However; the median sales price decreased from $725,000 to $562,500. New listings are up 14.3%. There are thirty-five (35) ACTIVE listings and 3.33 homes a month selling, there is currently a 10+ month supply of homes, which continues to put downward pressure on prices. This month is encouraging and hopefully the trend continues.

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home. Creating family memories is what Hilton Head is all about and one of the many reasons our real estate market is one of the best in the state.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home.

In Sea Pines, year to date, the closed sales have increased in the residential home market 9.5% with the median sales price increasing from $612,500 to $657,500. This 7.3% increase in median sales price has encouraged Sellers to enter the market; new listings are up 15.2%. Homes are selling an average of 146 days verses 194 days last year.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home. Creating family memories is what Hilton Head is all about and one of the many reasons our real estate market is one of the best in the state.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!

Hilton Head real estate activity has been great the past couple of months with closed sales up 6.3% year to date. Pending sales increased 12.6%, and market wide, inventory levels were down 8.3%. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue in the foreseeable future. The price range that tends to sell the slowest is the over $650,000 with average of 213 days on the market. The federal reserve raised their interest rates by .25 percent in March, and this is the 6th rate increase by the Fed since December 2015. We are expected to see 2 more rate increases this year. Borrowing money will be become a little more expensive. Buyers continue to look for bargains and are still value driven.

If you have ever thought of purchasing property on the island, there has never been a better time to do so. With interest rates on the rise, this is the time to move up or down size to your perfect dream home. Creating family memories is what Hilton Head is all about and one of the many reasons our real estate market is one of the best in the state.

In Port Royal Plantation, year to date, the closed sales have increased in the residential home market 1.4%. This month, there were five (5) closed home sales versus six (6) closed sale last year in April. The median sales price decreased from $775,000 to $612,500. The price range that tends to move the quickest are homes up to $650,000. New listings are up 41.7%. There are thirty-eight (38) ACTIVE listings and 4.83 homes a month selling, there is currently an 8 month supply of homes with sixteen (16) active lots and one (1) lot pending.

Herman and Davis Properties’ reputation is built on honesty, integrity, and results. Experience matters, we feel our reputation and our team approach sets us apart from our competition. We would really appreciate the opportunity to help you reach your real estate goals. Having a home for your family on the island is a legacy that one cannot put a price on. The time is right, and we have some amazing listings that may be the perfect home! Call Herman & Davis Properties to explore your options!