July, 2016 RSS Icon
Found 6 entries for July, 2016.

The Hilton Head Island and Mainland Real Estate market continues to shift and change in small and meaningful ways.  Charter One Realty presents a comprehensive look at the 2016 mid-year real estate market for the coastal Lowcountry. This market snapshot includes market data from each community on Hilton Head Island and the Mainland.  It illustrates the changes and trends in our local real estate market market. 

As the Real Estate leader on Hilton Head Island and the Mainland, Charter One Realty will help you obtain market information & provide sound real estate advice, whether buying or selling. For additional information, please contact 844-526-0002 or visit CharterOneRealty.com.

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August is full of exciting events here in the Lowcountry including Shelter Cove’s Harbourfest, sunset celebrations at Shelter Cove, art exhibits, and live outdoor entertainment. The possibilities for fun are endless here on Hilton Head Island and in Bluffton.  

All Month Long

The Coastal Discovery Museum provides tours, walks, programs, and exhibits about the Lowcountry. Events are scheduled daily. To learn more about the Coastal Discovery monthly events, contact 843-689-6767 or visit CoastalDiscovery.com

HarbourFest                                                                                                                                                                                                                                      

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Announced on June 28, 2016, Allegiant Air is offering new non-stop service from several cities to the Savannah/Hilton Head International Airport (SAV). Currently, Allegiant Air offers year-round non-stop service to Baltimore/Washington (BWI) and will add Newark (WER) on November 16, 2016. Recently added to the seasonal non-stop services to Savannah/Hilton Head International Airport include flights from Indianapolis (IND), Pittsburgh (PIT) and Lexington (LEX).

With these added routes, Allegiant Air will offer service from eight major cities to Savannah/Hilton Head International Airport. The Savannah/Hilton Head International Airport also offers non-stop service from an additional 18 US destinations including daily flights from Charlotte to the Hilton

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If you’re sitting on the fence about listing your Hilton Head Island or Bluffton home for sale, here is the #1 reason why you don’t want to wait.

Historical data and the Existing Homes Sales Report show that buyer demand continues to outpace the supply of homes for sale. The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun had this to say this on the inventory shortage:

“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale.

Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market.”

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Blog by George Cobb

The Cobb Group at Charter One Realty

 

It is clear that supply and demand drive real estate decisions, but you would be amazed how important “timing” is in real estate and how it makes a difference in winning or losing. For example, if the market is in a stall period, it is easy for buyers and sellers to sit back and watch without having to make any critical commitments.

However, if you want to be a winner, one needs to pay attention to the statistics on change. Currently, the real estate business is under slow but constant improvement. Inventory is decreasing and prices are moving up. Days on market are decreasing, and accurately priced homes, villas and lots on the market are selling very quickly.

If you’re a buyer

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Here is a great infographic by Keeping Matters Current regarding national real estate sales. According to the National Association of Realtors (NAR) and Freddie Mac:

  • Sales of existing homes have reached the highest annual pace in over 9 years at 5.29 million. 
  • Inventory continues to stay below the 6-month norm while prices continue to rise.
  • Intrest rates continue to stay at historic lows with rates dipping below 3.5%.
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