Read the 2012 Fall Report Here - John Robinson

Fall 2012
T R U S T
.
C O M M I T M E N T
.
E X P E R I E N C E
.
P E R F O R M A N C E
Time To Get in the Game
By Linda Hopkins
Feeding the seagulls on North Forest Beach
Real Estate STATISTICS
HILTON HEAD ISLAND . SC
Hilton Head Island & Forest Beach
Market Trends
Hilton Head Island MLS Year to Date
August 31, 2012
HOMES
Homes Sold
Sales Volume
Avg. Sold Price
Days on Market
Continued on reverse side
Year to Date
August 31, 2011
This publication brought to you by:
NOR TH AND SOUTH FOREST BEACH
16
$15,702,765 $981,422 325
16
$13,214,500
$825,906
227
VILLAS
Villas Sold
Sales Volume
Avg. Sold Price
Days on Market
117
$21,946,514
$187,577
173
100
$16,033,347
$160,333
136
HOMESITES
Homesites Sold
Sales Volume
Avg. Sold Price
Days on Market
1
$320,000
$320,000
11
3
$831,500
$277,166
182
ALL AREAS WITHIN THE HILTON HEAD MLS
HOMES
Homes Sold
Sales Volume
Avg. Sold Price
Days on Market
1,547
$551,700,386 $356,625 137
1,382
$510,500,306
$369,392
145
VILLAS
Villas Sold
Sales Volume
Avg. Sold Price
Days on Market
711
$148,635,167
$209,500
147
582
$115,448,084
$198,364
157
HOMESITES
Homesites Sold
Sales Volume
Avg. Sold Price
Days on Market
You can’t win if you don’t play. This universal truth, which
applies to everything from sports to dating to the lottery, is
particularly true of the real estate market. According to Bill
Baldwin, veteran real estate professional, long-term island
resident and broker-in-charge at Dunes Marketing Group,
if you’re still sitting on the sidelines, it’s time to get in the
game.
“With many area properties discounted more than 40
percent from their highs of just a few years ago, Hilton
Head Island is a field of dreams for buyers. In addition to
the large selection of available properties, interest rates are
at their lowest since the 1950s, and properties are priced to
sell,” Baldwin said.
The good news for sellers is that prices are stabilizing
and buyers are here. Area sales were up 16 percent for a
12-month period through July. Hilton Head was the most
improved sales area in South Carolina for 2011 and, with
a 23 percent increase in transactions YTD, is on track to
number one again. The median sales price for area real estate is flat through July 2012 compared to the same period
last year, indicating that prices have likely reached bottom.
In fact, we are beginning to see some price increases in our
marketplace.
Perhaps the most compelling reason for buyers to act
now is that inventory is shrinking—down 30 percent YTD. “First-time buyers are recognizing that it makes more sense financially to own than to
rent. At the same time, investors are scooping up homes and villas and
renovating them for rental rather than flipping them. We are seeing multiple offers on the best properties,” Baldwin said, i.e. best location, view,
price and condition.
“It’s all about supply and demand,” he continued, pointing out that
the inventory varies considerably based upon price range. In the $100,000
351 249
$40,395,429$30,911,980
$115,086 $122,181
229 243
John Robinson
REALTOR / BROKER
Dunes Marketing Group
Forest Beach Real Estate Specialist
2012 President/ Hilton Head Area Association of Realtors
[email protected]
www.ForestBeachExpert.com
(c) 843.422.3767
(f) 843.842.4788
Search HiltonHeadJR on YouTube, Facebook, Skype
Forest Beach Listings
N & S Forest Beach Villas
N & S Forest Beach Homes
ACTIVE LISTINGS IN THE LAST 90 DAYS
ACTIVE LISTINGS IN THE LAST 90 DAYS
Address
F BR BA List Price S/P
8 Lark St
Y 3 2
949,000
2 Quail St
N 7 5.5 1,199,999
4 Wanderer Ln
Y 6 4.5 1,250,000
66 Dune Ln
Y 5 5.5 1,995,000
124 N Forest Beach CtY 6 6.5 2,495,000
Pending Sales (under contract) Last 90 Days
1 Osprey St
N 3 2
395,000
5 Hickory Ln
N 3 3
455,900
2 Curlew Rd
N 4 4
599,000
20 Jacana Rd
Y 6 4
899,000
7 Osprey St
N 6 7
1,599,000
123 Dune Ln
Y 4 3.5 2,375,000
24 Jacana Rd
Y 6 6.5 2,750,000
Sold (closed) Last 90 Days
1 Bittern St
N 3 2
349,000 320,000
12 Sandpiper St
N 3 2
349,000 340,000
107 Oceanwood TrceY 3 2
689,000 625,000
1 Hickory Ln
Y 6 4
729,000 649,765
7 Cassina Ln
Y 6 5
729,000 690,000
19 Mallard St
Y 6 4.5 799,000 775,000
28 Carters Mnr
Y 8 9
2,495,000 2,200,000
26 Carters Mnr
Y 8 9
2,495,000 2,250,000
Time To Get in the Game
Continued from front page
N & S Forest Beach Villas
or less range, we now have a 4-month supply. In the
$650,000-plus range, there is a 26-month supply,
meaning that greater selection and better values are
available in the luxury home category. Second-home
buyers and buyers planning to relocate and make
their residence here are clearly more comfortable
buying this year and are being rewarded. Overall,
there is a 9.6-month supply of the total Hilton Head
Island area inventory. “Generally, six months is considered good,” Baldwin said, “so we are getting close
to the magic number.”
Looking ahead, home values will rise again, and
those who will benefit most are those who purchase
now. It’s hard to put a price on the natural beauty,
tranquility and all the means for making memories
that are part of the Hilton Head lifestyle. Beyond the
obvious blessings of outdoor amenities, restaurants,
arts, shopping and entertainment is a diverse population of folks with a common interest in preserving
and sharing this special place and way of life.
Even if financial gain is not your primary motivation,
consider that homes have more than tripled in value
over the last 30 years, and that includes the best
years with several down cycles in between. Whether
you are looking for a permanent residence, home
away from home, vacation rental or a place to retire,
owning in this amazing resort community is an opportunity to play and win.
Isn’t it time you got in the game?
Address
F BR BA
3A Beachwood Pl Y 2 2
3D Beachwood Pl Y 2 2
325 Breakers Villas Y 1 1
227 Carolina Club Y 1 1
8A Cordillo Court N 2 1.5
12K Cordillo Court N 2 1.5
113 Courtside
Y 2 2
404 Forest Beach Y 3 2
101 Forest Gardens N 2 1
24 Hilton Head BeachY 23
106 N Shore Place N 2 2
205 N Shore Place Y 2 2
306 Ocean Walk N 2 2
102 Sea Side Villas Y 1 1
260 Sea Side Villas Y 1 1
251 Sea Side Villas Y 1 1
153 Sea Side Villas Y 1 1
349 Sea Side Villas Y 1 1
252 Sea Side Villas Y 1 1
225 Sea Side Villas Y 1 1
111 Shorewood
Y 2 2
221 Shorewood
Y 3 3
102 Shorewood
Y 2 2
107 Shorewood
Y 3 3
101 Springwood Y 2 2.5
16 Springwood
N 2 2
9 Surf Court
Y 2 2.5
306 Tanglewood Y 2 1.5
904 Tanglewood Y 2 2.5
706 Tanglewood N 2 2.5
2115 The Sea Crest Y 3 3
2515 The Sea Crest Y 3 3
65 Woodhaven
N 0 1
109 Woodhaven Y 0 1
81 Woodhaven
N 0 1
11C Xanadu
N 2 2
List Price S/P
300,000
350,000
224,900
180,000
39,000
44,900
214,900
325,000
130,000
619,000
355,000
379,900
115,000
130,000
134,900
134,900
146,900
169,000
188,000
279,000
499,000
575,000
579,000
849,900
150,000
165,000
299,000
179,500
184,900
198,000
799,000
929,000
20,900
20,900
20,900
169,000
LEGEND Address F=Furnished BR=Bedrooms
BA=Baths List Price S/P=Sales Price
AQS Home Services
A Division of Air Quality Solutions, Inc.
Maintenance • Remodeling • Additions
JACK LEWIS
843.298.4227
EPA, CMI & CMRC Certified
Licensed Residential Home Builder
20 Towne Drive # 151
Bluffton, SC 29910
Email: [email protected]
Contact Forest Beach
realtor John Robinson
for current market
data specific to your
Forest Beach property.
Call 843.422.3767 today!
[email protected]
Web: www.aqshomeservices.com
Year to Date
190
2011
2012
184
90
-3.2% New Listings
111
+23.3% Closed Sales
Contingent/Pending Sales (under contract) Last 90 Days
Address
F BR BA List Price S/P
21Ocean Breeze
N 2 2.5 155,000
94 Ocean Breeze N 3 3
200,000
242 Sea Side
N 1 1
115,000
44 Springwood
N 2 2
144,900
102 Tanglewood N 2 1
179,000
146 Woodhaven N 0 1
15,000
316 Beachwalk Hotel/CondoY 22 15,000
426 Carolina Club Y 2 2
219,000
19 Courtside
Y 2 2
224,900
97 Forest Gardens Y 2 1
133,900
11 Hilton Head BeachY 33 649,000
64 HH Cabanas
Y 2 1.5 185,000
141 Island House N 2 2
124,900
27 Ocean Breeze Y 3 3
230,000
210 Ocean Dunes Y 2 2
349,000
B1D Sands Village Y 2 1
104,000
390 Sea Side Villas N 1 1
115,500
385 Sea Side Villas Y 2 2
149,000
369 Sea Side Villas Y 1 1
229,000
3026 Seascape Villas Y 33 174,900
117 Springwood Y 2 2
150,000
63 Springwood
Y 2 2.5 158,000
32 Surf Court
Y 3 2.5 304,900
5501 Treetops
N 2 2.5 129,000
7205 Treetops
Y 2 2
157,000
5403 Treetops
N 2 2.5 159,000
7106 Treetops
N 3 3
199,999
Sold (closed) Last 90 Days
309 Breakers
Y 1 1
203,300 188,000
338 Breakers
Y 1 1
199,900 190,000
328 Carolina Club Y 2 2
199,900 180,000
32 Coligny Villas Y 2 1.5 169,900 165,000
6A Cordillo Courts N 2 1.5 29,000 28,000
305 Forest Beach N 2 2.5 274,900 269,000
77 Forest Gardens N 2 1
139,000 122,500
14 Forest Gardens N 2 1
131,900 131,900
33 Forest Gardens Y 2 1
150,000 140,000
148 Island House N 2 2
91,500 93,500
29 Ocean Breeze Y 3 3
225,000 195,000
87 Ocean Breeze N 3 3
229,000 215,000
77 Ocean Breeze Y 3 3
245,000 240,000
27 Ocean Club
Y 2 2
248,900 235,000
210 Ocean Walk N 2 2
103,000 92,500
340 Sea Side Villas N 1 1
112,500 113,013
258 Sea Side Villas Y 1 1
129,000 120,000
308 Sea Side Villas Y 1 1
239,000 230,000
3254 Seascape
N 1 1
79,500 75,000
237 Shorewood
Y 2 2
434,500 415,000
134 Shorewood
Y 3 3
529,900 500,000
79 Springwood
N 2 2
159,000 150,500
84 Springwood
N 3 3.5 245,000 220,000
16 Surf Court
Y 2 2
259,000 240,000
2201 The Sea Crest Y 1 2
339,000 300,000
1301 The Sea Crest Y 3 3
799,000 669,000
3902 Treetops
N 2 2.5 105,000 84,000
5504 Treetops
N 2 2.5 129,900 116,500
5702 Treetops
N 2 2.5 135,000 121,500
6502 Treetops
N 3 2.5 159,900 150,000
18 Woodhaven
N 0 1
19,900 10,000
10A Xanadu
Y 1 1
114,500 105,000
13D Xanadu
N 3 2
209,000 180,000
15D Xanadu
Y 2 2
195,000 184,200