HAS THE HILTON HEAD ISLAND REAL ESTATE MARKET STABLIZED?
Posted by Rick Turner on Saturday, May 1st, 2010 at 9:39pm.The numbers are in. The results in the Hilton Head area MLS show that real estate sales in the first quarter of 2010 have increased 59% over the first quarter of 2009. In the first quarter of 2009 there were 366 real estate purchases versus 583 in the first quarter of 2010.
A huge indicator of market stabilization is the chart below, showing that since June 2009 the Hilton Head MLS has averaged over 200 transactions per month. The market bottomed out in November 2008 through March 2009 where the sales pace averaged just over 100 transactions per month.
The Hilton Head area MLS encompasses the following areas in southeastern South Carolina: Hilton Head Island, Daufuskie Island, Bluffton, Okatie, Hardeeville, Beaufort, Beaufort County and Jasper County.
Median prices have decreased 13% from $242,000 in the first quarter of 2009 to $210,000 in the first quarter of 2010.
With the sales pace up and the prices down, it is an excellent time to purchase.
Mobile: 843-816-0796
Search Engine: www.HiltonHeadRealEstateSearch.com
Website: www.RickTurnerAndAssociates.com
Print
Share1 Response to "HAS THE HILTON HEAD ISLAND REAL ESTATE MARKET STABLIZED?"
Leave a Comment
Area Quick Search
Your Navigation
Featured Communities
This Web site brought to you by:
Featured Listings
Latest Blog Entries
When the Prophet Says Buy. BUY!
John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming Crash …
Read Full Post...HILTON HEAD ISLAND-BLUFFTON REAL ESTATE - #1 IN SOUTH CAROLINA
The latest stats are in. Through November the Hilton Head Island-Bluffton area is again the #1 real estate market in South Carolina. And it has been #1 for 21 straight months. According to the South Carolina Association of Realtors, the numbe…
Read Full Post...
At least there are many sales coming our way. We have to be patient and things will go smoothly again.
Posted on Wednesday, October 27th, 2010 at 1:31 AM.