While real estate in much of the country languished, sales in the Hilton Head Island and Bluffton MLS have surged above 2008 and 2009 levels for 10 months straight. Through October 2010 total sales surpassed 2009 by 26%.
Further evidence of this "charged up" market is that Beaufort County, home to Hilton Head Island and Bluffton, was the hottest market in South Carolina for the 10th straight month as well.
Last In, First Out
For decades local Realtors have observed that the Hilton Head area is the "last one to go into a recession and the first one out." The data above certainly supports this observation. A National Association of Realtors truism is "all real estate is local". What's true in Chicago, NYC, Las Vegas or Atlanta is not necessarily true…