Overall Market Update

New Listings were up 4.9 percent to 496.
Pending Sales increased 16.3 percent to 336.
Inventory shrank 15.0 percent to 2,233 units.
Prices moved higher as Median Sales Price was up 18.2 percent to $283,700.
Days on Market decreased 17.1 percent to 92 days.
Months Supply of Inventory was down 26.1 percent to 6.5 months, indicating that demand increased relative to
supply.
With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off.
From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years.
The one thing we were anticipating in September, an increase in interest rates, did not happen.
It most likely will before year’s end. Until then, get out and enjoy the season.

Long Term Rentals needed

We have prospective tenants looking for seasonal (3-6 months) and long term (6-12+ months) rentals in Shipyard. Let us know if you have been considering renting your home or villa.

We’d be happy to share with you the advantages of our property management services.

Overall Market Update

For the 12-month period spanning September 2014 through August 2015, Pending Sales in the Hilton Head region were up 15.3 percent overall.
The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 29.9 percent.
The overall Median Sales Price was up 8.5 percent to $272,500.
The property type with the largest price gain was the Condos segment, where prices increased 13.6 percent to $196,000.
The price range that tended to sell the quickest was the $100,000 and Below range at 93 days; the price range that tended to sell the slowest was the $650,001 and Above range at 166 days.
Market-wide, inventory levels were down 16.5 percent.
The property type that lost the least inventory was the Single Family segment, where it decreased 13.7 percent. That amounts to 6.2 months supply for Single Family homes and 6.7 months supply for Condos.

4BR Shipmaster- $459,000

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Turnkey 4BR/3.5BA spacious (2486sf) with entry patio area and pretty golf views from rear patio or Master BR balcony just a short walk or bike ride to the Atlantic with onsite pool and renovated tennis court. Used as a 2nd home with limited weekly rentals, the villa lives like a home without the headaches! LR Fireplace & built-ins; newer HVAC, updated kitchen cabinets, S/S appliances, granite; wood flooring in main level; new sliders throughout; updated baths with granite vanities; Berber carpeting and tons of storage throughout. Just bring your toothbrush!

Premier Beachwalk rental machine $319,900

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MLS#338943

Beachwalk’s premier 2BR/2.5BA townhouse rental villa with private rear deck overlooking the Galleon golf course and lagoon, and just steps to the Atlantic that has been updated throughout. Eat in kitchen with granite counters, S/S appliances, white cabinets, DR with hardwood flooring, LR with fireplace, lovely furnishings. The 2nd floor features roomy bedrooms and updated tiled baths with granite vanities. You won’t want to miss this rental machine that offers the best Shipyard and Hilton Head Island has to offer!

Hilton Head area Midyear Market Update

New Listings were up 3.3 percent to 473.
Pending Sales increased 46.0 percent to 492.
Inventory shrank 12.4 percent to 2,316 units.
Prices moved higher as Median Sales Price was up 2.4 percent to $289,950.
Days on Market increased 1.9 percent to 109 days.
Months Supply of Inventory was down 17.4 percent to 7.1 months, indicating that demand increased relative to supply.
Having six months of 2015 data in the books is great, but it is still just intermission at
this halfway point of the year. Forecasting market trends can be as dicey as the
weather, but with interest rates managing to remain low into the summer months,
the outlook is promising, even if rates go up later in the year. Metrics like inventory
and percent of list price received at sale are two of the better understudies to watch
this year.

Evian Rental available

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Looking for a Shipyard rental getaway August 1 – September 15th? Owner would like to rent to a responsible person(s) their 1st floor 2BR/2BA flat. Give us a call and we can fill you in on the details.

 

Shipyard Mid-year Report is Ready

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Hot off the press! Our Shipyard Real Estate eNewsletter is available. Call, text or email the Shipyard Real Estate Experts if you haven’t received your copy of our Mid-Year Report.

1106 Tennismaster now Under Contract

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Roomy 3BR/3.5BA villa close to the beach asking $399,900 has gone under contract with Charter One Realty, the #1 company in Shipyard and all of Beaufort County representing the buyer and seller.

Call, email or text us if we can help you find your place in the sun or assist in helping you sell your home, villa or homesite.

We’re the Shipyard Real Estate Experts at your service!