Palmetto Dunes Condo Prices Are Starting To Increase

Posted by Rick Turner on Monday, September 9th, 2013 at 9:37am.

Hilton Head Homes For Sale

The Hilton Head real estate market is getting really exciting, while prices and rates are still offering great opportunities for home buyers and investments in vacation homes or rentals. NOW IS THE PERFECT TIME TO BUY and get the most "bang for your buck", especially in the Palmetto Dunes condos market.

Buying Hilton Head Real Estate

Palmetto Dunes is located on the ocean in Hilton Head Island, and you can see a map here.  Currently, Palmetto Dunes condos are some of the best selling in all of Hilton Head and the desire of home buyers to live in the luxurious and relaxing Palmetto Dunes area is making it an exciting time to move there and buy a condo or villa. The terms condo, condominiums and villa are all interchangeable, they all refer to the same type of real estate, where the residences are attached and the land underneath is owned in common by all the condominium owners. Right now, Villas in Palmetto Dunes sales are strong and may just be the perfect home for you.

Palmetto Dunes Condos 

Palmetto Dunes Hilton Head condos are enjoying their best year in 8 years for number of sales. They are at 130 condos sold thus far, which is an increase of 9% from last year. And total sales volume has surged 24% from last year to $60M. Overall, the average price has also moved in the last year in the positive direction from $405,000 to $462,000. That is super exciting news for home buyers because you are going to be buying during a strong and steady upward trend in price. That means buying now will give you increased value and equity in a year's time. Take a look at the graph below to compare the Total Sales Volume for Palmetto Dunes along with the Total Sales Volume for all of Hilton Head Island:

 

Hilton Head Island number of condo sales is also doing very well overall-including the data for Palmetto Dunes-576 villas/condos have been sold, making this the second best year since the peak year of 2005.  Hilton Head Island condos total sales volume is seeing its best year in 6 years since the recession started in 2007 and overall the condo prices in Hilton Head have moved positively from $227,000 to $272,000. Take a look at the graph below to compare the Number of Villas/Condos Sold for Palmetto Dunes along with the Number of Villas/Condos Sold for all of Hilton Head:

 Are you ready to start your tour of available Palmetto Dunes condos with our Hilton Head MLS? Contact your Hilton Head Island real estate expert, Rick Turner and Associates to get a team of dedicated REALTORS on your side. 

Until next time,

Rick

Rick Turner has been one of the top Realtors in the Hilton Head Island-Bluffton-Beaufort area for over 30 years. He loves being involved in community activities and spending time with his lovely wife. In his free time his wife and he thoroughly relish spending time with their children and grandchildren.  

Rick Turner

Turner/Rudd Team

Engel & Volkers Hilton Head Island - Bluffton 

Mobile: 843-816-0796

E-mail: Rick.Turner@evusa.com

Website: www.turnerruddteam.evusa.com

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