Hilton Head /Bluffton September Stats & Newsletter
Greetings from Beautiful Hilton Head Island & the surrounding area of Bluffton! This is actually my favorite time of the year here ~ the “Fall months!” it’s not as crowded as the summer, the traffic is much less & the weather (especially October) is beautiful. Temperatures are in the high 70’s to low 80’s, not as humid & perfect for any outdoor activities (including watching football at an outdoor bar/restaurant!). Occupancy continues to be strong for weekly rentals near the beach, especially for weekenders coming in from nearby Charlotte & Atlanta. (& snowbirds have been booking reservations for November thru March). To help with restaurants & menus for your dining pleasure here’s a website that might help~ Fork and Fun. I’m also hoping you’re utilizing my 2 websites at www.HiltonHeadLifestyle.com where you can easily search listings on oceanfront homes or condos, along with private golf communities & my featured community. I also have my other website at www.Sam.TheAllianceGroupRealty.com if you prefer. Both sites allow you to save your searches or save your favorites (or let me know what you’re looking for & I’ll save your search for you).
Please keep me in mind if you decide to purchase property here or just want to keep an eye on our market and see what’s available price-wise I will have Market Reports on Hilton Head & Bluffton by town or zip codes under the My Services tab along with my Blog/Newsletter. I can also email you market stats on Specific Communities ~ just let me know which communities you’re interested in & if you’d like all Active, Under Contract, or even Sold/Closed transactions.
With COVID not going away & even getting stronger in many areas of the country, I (& many others agree) believe that we may see a repeat of how all this buying & selling frenzy started when COVID changed our lives last year! Buyers need to remember what has happened & that the prices may not come “tumbling down” like we thought & may get stronger again. A few “key reasons” why the consensus thinks so ~ Just like last time, especially with winter coming, there may be another “lockdown” & more dense population areas such as NY, the Northeast, Chicago, & California will again realize they can work out of their homes. They will be bringing their cash & moving south where taxes & crime are much less, quality of life & natural beauty are more abundant & just want a bit of a slower pace. Our home/condo prices have increased (like everywhere else) but why not “take the money & run” & move to one of the prettiest & most desired areas of the country. Rates are still very low ~ a $100,000 mortgage is approx. $420 per month P & I. What has dramatically changed is the Inventories or lack of & how quickly you need to “pull the trigger” when you see something online. I can help with that by advising you, doing Live Videos & Live FaceTime showings ~ you need to understand what you’re looking at today, may have been viewed by MANY others who are ready immediately. And with the Delayed Listing status with the MLS’s, listings are being sold BEFORE they even reach the pubic MLS ~ I can help with that too! Hilton Head is so much easier to get here by plane too, with direct flights from many cities to the Savannah/Hilton Head Airport (about 40 minutes away by auto) or direct to the Island. If you have questions regarding flights, just shoot me a text or email & I can help.
Now, The Statistics for August Housing here on the Island & in the Bluffton area. The biggest issue affecting the stats is inventory. As you can see the average sales price has jumped higher ~ it seems the more expensive properties are outselling the $400k & lower properties. Prices continue to go higher with some exceptions. Bottom line, if/when. you see something of interest, Buy It before someone else does (& there’s always someone else looking!). You can see 4 major stats ~ the lack of inventory & monthly housing supply, price increases/appreciation, days on the market, & the percent of the contract price to list. I found this very interesting article/link asking “Should I Buy Now or Wait till 2022.” That’s GOOD NEWS for Buyers NOW!! But that’s not happening with all listings. If you’ve ever thought about owning any property in the Hilton Head Area including Bluffton, please don’t wait. The Stats in the links below will verify that.
I’ve included the Hilton Head Realtor’s Association Statistics showing closed & pended sales transactions along with other specific information to keep you informed on real estate details on the Island & in the surrounding area of Bluffton. I think you’ll see what I’m talking about with Sales ~ Please click here for Hilton Head Realtor’s Assoc August Market Stats. With our NEW MLS format, I can send you a link to the specific community that you’d like ~ Just call, text, or email me & I’ll set you up with a link for Palmetto Dunes, Forest Beach, Sea Pines, Hampton Lake or any other area. Please click here for August Housing Supply Stats. Also, you can see the lower inventories are “forcing” buyers to buy immediately or lose out. Because of high demand & low supply, offers are coming in at full price or higher if the buyer is competing against others (& they normally are). I’ve even noticed prices are being increased especially with new construction & their costs. Please click here for Hilton Head Condos/Villa Stats Here is more information for Single Family Homes on the Island ~ Click here for Hilton Head Home Stats If you’re interested in Bluffton/Mainland, please Click here for Bluffton/Mainland Stats
One other important aspect I’ve found out ~ our MLS has a newer status called Delayed Listings. This means there are listings that don’t show up yet on the “normal” MLS because of not having all the proper paperwork or missing photos or not being ready to go public for other reasons, etc. All those listings can be seen by agents but not the public. They are being purchased BEFORE they get to the public MLS! I’m personally not a fan of this tactic but this is why you need to let me know exactly what you’re looking for & if you’re ready to put a contract in (or you may never have the chance to). If you’re ready I can help.
If you go on my website, you’ll see 4 Popular Search boxes ~ All Oceanfront Homes listed, All Oceanfront Condos listed, All Homes in our Private Golf Communities listed, and My Featured Gated Community, Hampton Lake. I also have Weekly Updated Market Reports under my Services Tab at the top along with a mortgage company link if you’d like to get pre-approved.
Call or E-mail me with any questions. Please continue to utilize my website at www.HiltonHeadLifestyle.com or Sam.TheAllianceGroupRealty.com and search for your desired home, condo, or even a homesite for possible future use. Please utilize my 25 years plus, of being an Island Resident. Don’t ever hesitate to call, text, or E-mail me if you have any questions. I look forward to helping you become an “Island Neighbor!”
See you soon! Stay Safe & Healthy!