Hilton Head Island Real Estate Market Up 31%

Saturday, April 25th, 2009 at 8:23am. 390 Views, 0 Comments.

The real estate market in the Hilton Head Island and Bluffton, SC, area has definitely turned around. Homes closed totaled 212 in the last sixty days (2/23 - 4/23), a 31% increase over the previous 60 day period (12/23 - 2/22) where 161 homes closed.

What makes this increase particularly surprising is that the 212 closings represent home buyers who signed contracts in late December, January and February, historically our slow Winter Season. The 161 closings represent home buyers who signed contracts in late October, November and December, historically our "hot" Fall Season. To put it simply: there were 31% more home buyers in the slow Winter than in the fast Fall. That's amazing!

Best Buyer's Market EVER

This may sound trite, but it is a profound truth: if…

Buy Somewhere!

Saturday, March 21st, 2009 at 12:08pm. 318 Views, 0 Comments.

Interest rates have hit new lows. We're now back to mid-1950's mortgage rates! As a Realtor now for 35 years, I've never seen anything like this. You can now borrow up to $417K at 4.375%!! And you can borrow up to about $1.0M at 5.625% ... and these are 30 year fixed rate mortgages!!! We sold three homes two weekends ago, partly because buyers are taking advantage of these historic rates. Their other motivation is an approximate 40% drop in real estate prices. 

If you don't buy real estate in the Hilton Head Island and Bluffton, SC, area ... buy somewhere. You're getting discount upon discount. It may never get better than this!

Interest Rates Will Go Up

Tuesday, March 17th, 2009 at 7:33pm. 116 Views, 0 Comments.

Today I was talking to the president of one of our local banks. He said as soon as the Federal Reserve believes that the economy has turned, they will boost the rates up rather switftly. With all the money the government is pumping into the system, Bernake is very concerned about inflation. To put the brakes on inflation the prime will rise followed by mortgage rates. He was emphatic that if someone wants to buy real estate anywhere in the country, they should do so now before the rates start rising.

I might add that in the 35 years I've been a Hilton Head real estate broker, I've NEVER seen better deals than we're seeing now. I know it sounds self serving, but if you want to buy (wherever--it doesn't have to be here) now is the time to invest: best deals…

Soft Opening

Friday, March 13th, 2009 at 6:08am. 90 Views, 0 Comments.

Wow! Are we ever thrilled. Our team has been working for months to bring you the finest real estate search engine in the Hilton Head Island/Bluffton area, and today we're finally ready to unveil it. It's not perfect yet. We've still got a lot to do, but the bones are good. So this is our "Soft Opening". When we get everything "humming", we'll have a Grand Opening celebration!

You can search and view homes, lots and villas till the cows come home ... in fact, beyond that until the wee hours of the morning. You can learn all about the area and our incredible communities. You can search from a satellite view and unbelievably actually "see" the view of each property. MOSTLY, YOU CAN HAVE FUN! And that's what we hope you'll do.

Over the next several weeks, each…