THE LATEST UPDATE...
There are many reasons why Hilton Head Island attracts so many of us to live here, with our beautiful weather topping the list, especially in the fall! The water is still warm enough to enjoy, our days range from 65 degrees to the low 80’s, and between the many festivals planned and our multitude of outdoor available activities, there is always something to do here in the Low Country.
The year-to-date October market statistics indicate our residential Median real estate home sales price in Hilton Head and Bluffton has increased an avg 12%. Taking Hilton Head’s median price over $1 million dollars and Bluffton reaching $540k. Sales and new listings are down 12% in Bluffton and in Hilton Head # of sales are down 20% and new listings are down 16.5%. Days on Market continue to increase, and most sellers are having to accept less than asking to get their properties sold. In addition, some sellers who are not getting offers are further reducing their price or pulling their properties off the market to see if Spring will bring better success. Pricing and preparing your property for sale is more important now to maximize your outcome.
During the holidays many will have family conversations about their real estate goals, and how timing the real estate market can help or hurt you. We hear from people daily about this. That is why we devote our full-time efforts and over 50+ cumulative years of experience in order to stay current on the most relevant sales data, market and moving trends, and projections. Although our inventory remains low, there are signs of our market transitioning /normalizing. Now is a good time to gather your facts and information.
If you are thinking of making a move this next year, we would be happy to meet and consult with you about putting all of the pieces into place and maximizing the market timing with your housing goals! We are here to help you make your best decisions!