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HiltonHeadRealEstateSearch.com

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Hilton Head Island's Real Estate
Recession is Waning

Sales Soar to Highest Level in 5 Years

While real estate in much of the country has languished, sales in the Hilton Head area have surged to their highest level in five years. Sales in 2011 surpassed 2010 by 12% and 2009 by 38%!

Hottest Market in South Carolina

For two years now the Hilton Head area has had the highest increase in sales of any of the other markets in South Carolina.

Last In - First Out

Being the hottest market in the state is not new for the Hilton Head area … especially after a recession. For decades local Realtors have observed that the Hilton Head area is “the last into a recession and the first out.” This is no doubt due to the fact that Hilton Head’s location, ambiance and quality recreational amenities make it one of the most desirable locations on the East Coast.

Home Prices are Up

Because of the sustained improvement over the last three years in the number of sales, prices of homes in the last three months have begun ever so slightly to tick up.

Money's Never Been Cheaper

 

Money's never been cheaper. The traditional 30-year fixed-rate mortgage is hovering around 4.25%. The chart above displays the historic proportion of these rock bottom interest rates with graphic clarity. MIND-BLOWING. The interest rates of the last 16 months are below all previous records tracked by Freddie Mac. Mortgage money has never been “cheaper” at a time when home prices couldn’t be more attractive.

These history-making low rates combined with an almost unprecedented drop in home values have made the monthly cost of owning a home today, according to the National Association of Realtors, the lowest since records began in 1970.

The Pendulum is Swinging Back

The evidence is compelling. The real estate recession in the Hilton Head area is waning. It will take some time to come back to the glory years of 2003- 2006, but for those who want to buy, their timing is perfect.

If you think the Hilton Head area is right for you, start searching here on www.HiltonHeadRealEstateSearch.com and let us know what properties look good to you.

Please email or call us at 843-816-0796 to see what super values we can find together. And have fun searching!