Hilton Head Island, SC, November 2021 – The luxury market is moving in Hilton Head Island, SC. In the past thirty days, Charter One Realty, a local brokerage serving the Coastal Lowcountry, closed four oceanfront homes on the Island with sale prices ranging from $3.7M to $7.4M.

23 Black Skimmer   

   

23 Black Skimmer Road is a spectacular oceanfront home in Sea Pines offering 6 bedrooms, 6 full baths & 2 half baths. Two covered porches offer views of the private swimming pool and the Atlantic Ocean. The property sold for $7,475,000. The buyers were represented by The Wedgeworth Team with Charter One Realty.

23 S. Beach Lagoon Drive is a luxurious nine-bedroom home overlooking the ocean in Sea Pines. oceanfront home in Sea Pines offering 6 bedrooms, 6 full…

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With so much going on in our lives and the world, it is important to make time for charitable giving. With the holiday season officially upon us, it is always nice to take a moment to reflect and appreciate the things we have. During that moment of reflection, think about the ways you are connected to the Lowcountry and how you could deepen the relationship by supporting your neighbors in need. 

Giving back during the holidays doesn’t always require funds. Finding charities that align with your beliefs means you can make your resources of time or money meaningful for the organization and your family as well.

Whether it’s supporting the community, keeping kids safe, finding homes for animals, maintaining our beautiful scenery, or something else dear…

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Sellers Have Incredible Leverage in Today’s Market | MyKCM

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying:

"Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year."

But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR:

“From one year ago, the inventory of unsold homes decreased 13%. . . .”

What Does This Mean for Sellers Today?

With buyers eager to purchase but so few homes available, sellers who list…

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Renters Missed Out on $51,500 This Past Year | MyKCM

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:

“Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”

Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):

If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of…

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