Beautiful weather after a storm two weeks ago that left record breaking downfalls in Bluffton (at 8.54 inches, highest in the nation in one day) and 7.5 on Hilton Head Island. (It figures. My first Spring with solar panels!)
But, we have also seen huge daily amounts of sunshine since. Fabulous sports days, albeit a bit warm last week.
This market report for May came out on June 13. Remember May is generally one of our least crowded months:
In a nutshell, except for Sea Pines homes which saw some declines, everything else is mostly up...see for yourselves above). Villas have really jumped, especially in off-plantation areas. Prices and sales are up.
Forest Beach homes went up a whopping 12.2%, even though number of sales went down a bit.
Palmetto Dunes sales price is down 3.2%. Their villa sales amounts are down, but like most everything else, sold prices are up.
Folly Field villa sales are up 47%! Prices there are up 14%. Forest Beach villa sales are up 5.6%. Prices are up 11.1%
One thing that seemed to hit my eye, was that generally the days on the market have gotten longer, yet the prices overall were higher as were the ratio of list price to sale price.
Please take a look at the market report for your area (above), whether it’s in a specific neighborhood this side of the bridge or the other.
Again, The Kiplinger Letter advises that there may be some kind of repercussions from our trade war, but mostly the instability of the foreign marketplaces. It’s possible things may dip next year, although they currently see no indicators of that happening.
Hilton Head trivia question:
Back in the 1980’s and even before then, there very few private clubs on the Island. It was where one could buy liquor or beer on Sundays and usually join in on a great party. Can you name the one near Port Royal Plantation, whose owner brought in great musicians from Harlem?
How about the south end?
Answers at the bottom.
Also back in the 80’s a bit of a land scandal history, for those of you who weren’t here:
It created lots of trouble...also for title insurance companies, real estate agents and lawyers. Poor Indigo Run had only one home built, and it had to be torn down. Then, eventually....all returned to normal, sort of.
(And back even before all that...the lake inside Indigo Run was where I went target shooting with friends, and another friend did her diving training there.)
Thanks to everyone who sent referrals these past few couple of months:
Savannah Realtor, Kelley J for Kristi and Jon I., Lynn M for her three properties, 2 already sold. Again for Jack and Lori for Jimmy S., Alice S for Sandy and Dwight R., Candy L for Romania W., Jerry S for Allison and Doug C. And if I forgot someone, please let me know...
Have a wonderful holiday and stay safe! There are too many terrible drivers out there.
See you at the beach!
Answers: the Golden Rose and Saharis