Hilton Head Real Estate

Below is the market trend report for April(just click on the table for a full page printable version).  There is some great news in this report that we would love to share with you.  We see some market improvements and new sales taking place in all the categories which means the market is up and running.  The most critical information that our Hilton Head Monthly Market Trend Report conveys is what I call the “Big Three”. Read the rest of this entry

The Heritage cannons signal more than golf, they signal the middle of the  Hilton Head Spring Selling Season.  This years winner Carl Pettersson is celebrating his plaid and we have had the opportunity to assist sixteen of our sellers in the first quarter celebrate too.  If you are not celebrating, this is a perfect time to do have a half time review. Read the rest of this entry

Hilton Head Buyers won’t pay over fair market

Used to be that if we priced our properties a bit high we would still get an offer. Today with an “overstocked” market we now have to be within 3-5% of what the property is expected to sell for before we even get an offer to work with. This is because buyers can now go “window shopping” with their computers.  Buyers today do not have to physically visit a property to determine value. This takes the bidding process out almost altogether. If the buyer does not see value when they are “window shopping” on their computers they don’t ever step foot in the property, hence no showings or even bids on overpriced properties. Read the rest of this entry

While the azaleas are in full bloom, buyers are springing into the best real estate Hilton Head Island has ever offered.  The other day we compared our Hilton Head Real Estate Market to a buyers hometown market in upstate New York.  Unlike their market, Hilton Head is funnel fed by many boomers and buyers throughout the country and is correcting faster than other markets that rely on one industry or economy.  Seems a little national confidence can go a long way on this Island. Read the rest of this entry

To the left is the market trend report for February. There is some great news in this report taht we would love to share with you.  We see some market improvements and new sales taking place in some of the higher priced properties which means the market is almost firing on all cylinders.  The most critical information that our Hilton Head Monthly Market Trend Report conveys is what I call the “Big Three”. Read the rest of this entry

The most critical information that our Hilton Head Monthly Market Trend Report conveys is what I call the “Big Three”.  These are the vital statistics for determining negotiation or pricing and include:

1. Average List price to Average Sales Price ~ This is a direct indicator of negotiation opportunity and the firmness of the market.  Buyers and sellers can benefit by understanding this number
2. Average Days on the Market ~ This time frame applies to properties that are priced correctly for their condition and location.
3. Average number of listings taken vs. Average number of sales in a given period which will give us the number of months of inventory that available for sale.  This can help buyers and sellers determine strategy.

This report is a snapshot of how the market place has performed in the recent past, which is often a good predictor of future market performance for sellers and buyers.  If you would like to receive a monthly report by mail or e-mail, please email us at robbie@robbiebunting.com or call Jane Hyers to set up a phone appointment at (843)842-0805.  This is not only a good map of where we have been, it points to where we may be going.  Happy Hilton Head!  Robbie Bunting

One buyer from last year, just purchased their 3rd home because they put long term renters(greater than 12 months) into the other 2.  I called them before they closed on this home and offered another long term rental prospect, but the buyer wanted a place that they could use and enjoy(for this winter at least until we find another one for them).  We asked a local long term rental expert, Keith Miller from Miller Long Term Rentals to share with us some information about the long term rental market needs. Read the rest of this entry

Thanks to our friends at Hampton Hall for this excellent golf membership comparison below.  If you would like club membership information packages on any of the clubs below, please contact us at robbie@robbiebunting.com or call us toll free at 800-932-3652.   Read the rest of this entry