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"Thanks to all of you for helping me become one of the Top 10 real estate agents on Hilton Head Island." Top Ten Reasons To Buy Real Estate On Hilton Head Island
1. Selection, Selection, Selection: Hilton Head already has the location,
location, location and now you have choices. With nearly 6000 pieces of property
on the market ranging from Homes, Villas, land and boat slips to even a place to
park your RV. In 2005 you would have had to choose between just a few units and
you would have had to choose fast and pay what the sellers were asking. Today
you have choices which means the law of supply and demand is alive and well.
Higher inventories translates to better pricing for buyers.
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| Active Listings | Sold YTD | Pending | Absorption Rate | |
| Homes | 131 | 36 | 3 | 3.25 years |
| Condos | 242 | 96 | 13 | 2.25 years |
| Lots | 30 | 3 | 1 | 7.50 years |
| 403 | 135 | 17 |
What does all of this mean? Well, we have 14% of all properties in our community currently listed for sale. This, in and of itself, is a negative factor when in a healthy market we should only have an inventory of anywhere from 4%- 6%. Another key factor is our year to date sales and how they relate to years past. Ten years ago in 1998 we sold 49% more homes and 48% more condominiums year to date. Go back just 5 years ago and interestingly enough the numbers are not that much different than in 1998. We are 44% behind in homes and 52% behind in condos.
So, there are without a doubt (and this is no new revelation by any means) fewer
transactions are taking place. The properties that are selling, however, are
priced as much as 10% ahead of their competition. It’s an unfortunate reality of
this market that we have to acknowledge.
There is no doubt that we live in one of the most beautiful places in the
country. We have so much more to offer from a quality of life prospective than
any other island on the east coast. This is why we will see a return in our
values much sooner than the rest of the country. And we all welcome that day
sooner than later.
Harden Tuten Custom Homes at South Shore in Leamington »
Steve Plowden - Your Island Friend & Realtor
Dunes Marketing Group * South Carolina
P.O. Box 21326
Hilton Head Island, SC 29925
843-842-0823 * 843-290-4166 cell
Hilton Head Real Estate
Listed in Real-Estate-Agents.com
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- Hilton Head Island is one of the first ecologically sensitive,
“eco-planned” communities
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Charles Fraser – Visionary developer of Sea Pines sets the stage for an
environmentally sound community
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Compass Rose Park on Pope Avenue

122 South Shore
Palmetto Dunes Property »
»
10 Year Island Statistics
& Appreciation
Hilton Head Real Estate
Market Trends Update »
Steve's Hilton Head Island Guide to Real Estate »
April 13-19 - The Verizon Heritage PGA Tour event at the Harbour Town Golf Links. 800-234-1107
April 22-May 24 - Les Miserables Self Family Arts Center 843-842-2787
April 25, Saturday - Sample seafood prepared by local restaurants and live entertainment. Shelter Cove Community Park 11-5 $5 admission 843-681-7273
April 25-26 - Art Market Art & craft show featuring works in various media at Honey Horn admission free, Artist reception ticket $20 Sat 5:30-7 689-3033
May 1 - Friday Kids' Night Out for ages 5-12, Island Rec Center, arts, crafts movies, swimming & pizza pre-registration 843-681-7273
May 3, Sunday - Evening of food, music & fun aboard the Lowcountry's most elegant yachts on Harbour Town Yacht Basin in Sea Pines. Hospice Care 843-706-2296
May 9, Saturday - Triathlon Coligny Beach 7a.m. www.gotrisports.com
May 16 - Summer Fashion Show at Mall by Tucker Modeling Agency 1p.m. 686-3090
May 18, Monday - Sonicbloom Quartet Jazz phenomenon 843-842-2787
May 23 & 24 - Hilton Head Art Fair Meet artists from around the country 954-472-3755
May 24 & 25 Sunday & Monday - American Sings The Hilton Head Choral Society presents a patriotic concert & salute to armed forces 843- 341-3818 or hiltonheadchoralsociety.org
Keep up with the constantly changing Hilton Head real estate market by joining my e-mail list. Simply submit your real estate preferences.
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