Vacation Home Sales: Sales Down, Prices Up

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The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Today, we want to concentrate on the vacation real estate market.

The survey found that vacation-home sales last year declined to an estimated 920,000, down 18.5% from their most recent peak level of 1.13 million in 2014. However, this is still the second highest number of vacation sales since 2006.

Vacation Sales: Sales Down, Prices Up | Simplifying The Market

Lawrence Yun, NAR’s chief economist explained:

“The expanding pool of buyers amidst a dwindling number of bargain-priced properties led to tighter supply and fewer sales and caused the price of vacation homes to rise. Furthermore, the turbulence that hit the financial markets the second half of the year likely seized some would-be buyers’ available cash.”

As Yun mentioned, the sales price of vacation homes rose in 2015:

Vacation Sales: Sales Down, Prices Up | Simplifying The Market

Tomorrow, we will be providing an infographic that will highlight the other findings about vacation home sales from the survey, and in two weeks, we will report on the investor side of NAR’s survey.

If you are interested in where the Bluffton / Hilton Head Island real estate market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

 

Don’t Wait – Buy Now!

Don't pay more, buy now

Don’t Wait – Buy Now

Buy now to keep costs down on the house of your dreams. As you can see each state is appreciating at different rates. South Carolina is appreciating at one of the highest rates in the States year-over-year. Waiting for that right moment may wind up costing you more than you thought. Don’t wait, buy now!

Add that interest rates will most likely be going up in 2016 and waiting will cost you more than it has in the past couple of years. Don’t miss out on a great opportunity to find your perfect home.

The October numbers reinforced the facts that the real estate market continues to gain strength:

  • The annual adjusted sales are currently at a 5.36 million pace.
  • 14,684 homes sell every day in the United States.
  • October marked the 44th consecutive month of price gains.

If you are interested in where the Bluffton / Hilton Head Island real estate market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

Yes! You Do Need a Vacation Home!

Hilton Head Vacation Home

Does a vacation home sound good to you? We have the solution, Hilton Head is the perfect home away from home! Hilton Head Island boasts miles of beaches, tennis courts, championship golf courses, amazing restaurants, moderate temperatures and beautiful lowcountry scenery. If you own a vacation home on Hilton Head your next vacation can never come quick enough! Don’t miss out on a great opportunity to be part of the Hilton Head Island community.

If you are interested in where the Bluffton / Hilton Head Island vacation home market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

 

Do You Really Need To Put 20% Down?

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The days of having to put 20% down are gone! There are a variety of borrowing options, some begin with as little as 3% down. If you want to own your own home, now is as good a time as any to jump into the market!

In September:

  • 70% of first-time buyer loans had down payments <5%
  • The median FICO score was 708
  • 27% had DTIs greater than QM limit of 43%

If you are interested in where the Bluffton / Hilton Head Island real estate market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

Memorial Day Weekend in Hilton Head // Things to Do

Memorial Day Beach

 

Planning to visit the Hilton Head Island for Memorial Day weekend? Here are some great events to help kick-off Summer and enjoy all Hilton Head Island has to offer:

Friday May 22: Gregg Russell Concert (Harbour Town)
Free Admission
Over the years, Gregg has become a Sea Pines classic. Under the Liberty Oak in Harbour Town is where you’ll find Gregg Russell entertaining adults and children alike. His concerts are not to be missed.

Saturday, May 23: Memorial Day Grill (Whole Foods, Shelter Cove)
Join Whole Foods for a Memorial Day Grill from 12-3pm on Saturday, May 23rd.  Hamburgers, hot dogs and good ol’ American fun.  Live music by La Bodega.

Saturday May 23rd & Sunday 24th: 7th Annual Hilton Head Island Art Festival with Craft Marketplace
Shelter Cover
Free Admission

Shelter Cove Harbour will host the annual Hilton Head Art Fest. More than 150 of America’s finest artists will descend on Hilton Head Island at Shelter Cove Harbour and Marina. Come browse artists displaying paintings, jewelry, sculpture, photography, pottery and live entertainment making this a fun, free family event.

Monday May 25th: Hilton Head Freedom 5k Run/Walk (Shelter Cove Towne Centre)
28 Shelter Cove Lane Hilton Head Island, SC  29928

7:00am-7:45am             Race day Registration
8:00am                            Race Start
The Inaugural Hilton Head Freedom 5k Run & Walk will be held on Memorial Day, Monday, May 25th at Shelter Cove Towne Centre on Hilton Head Island.  The Freedom 5k is a great opportunity to honor those among us who have served in the Armed Forces with a fun, family friendly event.  The VanLandingham Rotary Club of Hilton Head organizes this event and commits 100% of the proceeds to benefit the Vanlandingham Rotary Club’s College Scholarship program which are awarded annually to local High School students.

 

Early registration is available online at Active.com or at the Palmetto Running Company store at Shelter Cove Towne Center.  Packet pick up will be held on Saturday, May 23rd from 10am-6pm.  Registration is available at packet pickup on May 23rd as well as on the morning of the race, May 25th from 7:00am-7:45am.

Entry Fee and Registration:

$30 – 5k Run Adult

$25 – 5k Run Military and immediate family (must present ID)

$20 – 5k Run Children 12 & under
What are your plans for Memorial Day weekend? We hope they involve Hilton Head and if they don’t, schedule a trip soon to see what all our area has to offer!

 

Hilton Head Real Estate Partners
Partnering with you every step of the way.

Retiring to Hilton Head SC

Some Highlights From The Report:

  • 80% of all pre-retirees in the South Atlantic region plan to stay there in retirement
  • 4 out of 10 pre-retirees plan to relocate in retirement
  • Retirees in the South Central Region are most satisfied with their Cost of Living
  • For more information or to read the full report 

Call Hilton Head Real Estate Partners today at 843-301-5825 or email rizza@hiltonheadrealestatepartners.com

Where Should I Retire [INFOGRAPHIC] | Keeping Current Matters

Luxury Land

Hilton Head Island and the surrounding area are offering some pretty spectacular lots of land at the moment – several of which are listed over the $10 million dollar mark!

The top dollar land listing belongs to 6 Allen Road, Hilton Head Island. The 38+ acres of land has Broad Creek River Frontage and is priced at a mega $18 million. This particular property is boarded by Indigo Run Plantation, Broad Pointe’s The Owners Club at Hilton Head Plantation, and Peregrine Pointe Plantation. We think the location is perfection – and a developer’s dream!

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See more of 6 Allen Road here.

Take a look at all the luxury homes and land that Hilton Head Island has to offer here. Alternatively, give us a call on 843-301-5825 and we’d be happy to give you more information on luxury properties in the area.

Hilton Head Island Seafood Fest

HHSFHilton Head Island is lucky to have an abundance of fresh, tasty seafood. Every year, Hilton Head Island celebrates by holding a fabulous seafood festival. The 8th annual Hilton Head Island Seafood Fest hosted by the David M. Carmines Memorial Foundation will take place Sunday, March 1 through Saturday, March 7, 2015. Not only do you get to eat delicious seafood, but proceeds go towards benefiting the Island Recreation Scholarship Fund, MD Anderson Cancer Research Center and the American Cancer Society.

The events are:

March 1, 3-7pm: Hilton Head Island Seafood Fest Kick-off Fish Fry & Oyster Roast

March 2, 6:30pm: Cocktail and Appetizer Reception and Dinner, Lucky Rooster Kitchen + Bar

March 2-6, 10am and 2pm: Lowcountry Seafood Experience on the Water.

March 6, 3:00-4:00pm: A Fisherman’s Guide to Seafood in our Lowcountry Restaurants.

March 7, 6:30pm: 11am -7pm: Hilton Head Island Seafood Fest at Shelter Cove Community Park.

Find out more details here.

Featured Listing – 1904 South Beach Club Villas

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This week we are very excited to show you one of our newest listings. This particular South Beach Club villa, located on Hilton Head Island is for someone who is looking to “live the good life!”

It is a direct waterfront villa with complete interior renovation/redesign/remodel of 1,944 square feet. This unique end unit South Beach Club Villa has been taken down to the studs and custom designed to an open concept living floor plan to enjoy breathtaking panoramic sweeping beach views of the Calibogue Sound, looking out towards Daufuskie Island.

We love some of the extra-special features this villa offers, including an exclusive pool and beach path, and a fantastic kitchen that has double ovens, and a wine cooler!

If you’re interested in seeing more photos and details of this Hilton Head Island villa, click here. Alternatively, call us on 843-301-5825 and we’d be happy to tell you more about it!

Hilton Head Island Gullah Celebration

Screen Shot 2015-01-29 at 11.21.49 amFebruary is a special time for the Lowcountry’s Gullah people. The month marks the start of the Hilton Head Island Gullah Celebration, which runs from February 1st through 28th.

The annual event showcases the rich cultural heritage of the Gullah people and their history on Hilton Head Island. The celebration attracts everyone from local residents to international travelers to Hilton Head Island as it incorporates many aspects of the Gullah culture. Visitors have the opportunity to experience traditional Gullah food and music, and receive firsthand, historical information. They also have the opportunity to take a journey through the culture via the visual arts.

Personally, one of our favorite events is called The Taste of Gullah, which offers classic Gullah food and cultural entertainment. It also has some great demonstrations, including sweet grass baskets sewing, and fishnet weaving.

Click here view the entire Gullah Celebration guide.

We hope you have the chance to attend one the events held within the Gullah Celebration!