New to market and just in time for the summer rental season is this lovely 2BR/2BA villa close to the beach asking $289,000. Super value for a beach orientated villa.
Click here for a complete list of all the available properties in Shipyard or call, text, email the Shipyard Real Estate Experts for a free market analysis or to find your place in the sun!
Inventory, affordability and mortgage rates. These are going to be the stories of 2015.
Will there be enough inventory? Will rates remain low? Will homes be affordable in the the types and price ranges desired? A nation awaits.
For the 12-month period spanning April 2014 through March 2015, Pending Sales in the Hilton Head region were up 0.6 percent overall.
The price range with the largest gain in sales was the $650,001 and Above range, where they increased 11.1 percent. The overall Median Sales Price was up 1.6 percent to $260,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 0.9 percent to $282,500.
The price range that tended to sell the quickest was the $100,000 and Below range at 80 days; the price range that tended to sell the slowest was the $650,001 and Above range at 172 days.
Market-wide, inventory levels were down 6.3 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 5.9 percent. That amounts to 7.5 months supply for Single-Family homes and 8.6 months supply for Condos.
2 new closings reported in Shipyard yesterday-
186 Beachwalk- 1BR/2BA villa closed at $220,000.
208 Colonnade Club- 2BR/2BA closed at $250,000.
15 Bridgeport is a fabulous villa alternative in a 3BR/3.5BA golf view patio home located across from the onsite pool and tennis courts in Bridgeport and just reduced to $319,999!
Contact us today for an introduction to the best values in a gated, ocean oriented community on Hilton Head Island!
New Listings were down 1.5 percent to 474. Pending Sales increased 9.5 percent to
323. Inventory shrank 5.6 percent to 2,300 units.
Prices moved higher as Median Sales Price was up 6.6 percent to $264,250. Days
on Market increased 8.2 percent to 119 days. Months Supply of Inventory was down
5.1 percent to 7.5 months, indicating that demand increased relative to supply.
In national financial news, rumors that Fannie Mae and Freddie Mac could one day
be a thing of the past have people wondering about the future of the 30-year fixed rate
mortgage. But let’s not sound the alarm just yet. A drastic change to lending’s
gold standard is certainly not on the immediate horizon. Meanwhile, Federal Reserve
Chair Janet Yellen seems to have no immediate interest in raising interest rates for
the first time since 2006. The economy remains stable, which should keep housing
rolling through the short-named months.