When it comes to luxury lifestyle, Palmetto Dunes oceanfront homes offer a wide range of amenities, including a private, breathtaking view of the Atlantic Ocean.  If you are ready to make a Hilton Head oceanfront home your next investment, then you will greatly enjoy the  impressive real estate market stats for Palmetto Dunes oceanfront home sales I share below. First, you will see a graph that highlights the exciting trend in Palmetto Dunes oceanfront home sales market volume for the first eight months of the last ten years trend labeled below: 

Hilton Head Island and Palmetto Dunes Total Sales Volume for First Eight Months of the Last Ten Years

 

The chart above shows the total sales volume for all Hilton Head Island oceanfront home sales (red line--this includes Palmetto Dunes), and secondly, just for Palmetto Dunes oceanfront home sales (blue line). For four of the years since the recession began in 2007, the total volume in Hilton Head Island oceanfront home sales is holding steady between $35 million and $40 million. Jumbo mortgages are now becoming widely available historic low rates, so we do expect oceanfront home sales in the next couple of years to begin to jump signigicantly perhaps doubling or even tripling to approach the peak year of 2005 when $135 million of oceanfront homes were purchased.

Palmetto Dunes Sales Surge 320%!

The revealing statistic is that while overall oceanfront sales have held steady, Palmetto Dunes oceanfront sales volume has jumped 320% from $3.2 million to $13.5 million. This highlights just how desired the Palmetto Dunes oceanfront real estate is when it comes to the entire Hilton Head Island oceanfront market. 

Homes Sold In Palmetto Dunes Hilton Head Island

It is also thrilling and enlightening to see the numbers of oceanfront homes sold in Palmetto Dunes vs. numbers of oceanfront homes sold in all of Hilton Head. Hilton Head Island number of oceanfront sales with 14 homes sold is having its second best year since the beginning of the recession in 2007. Take a look at the graph below comparing numbers of homes sold in the first eight months over the past 10 years:

Hilton Head Island and Palmetto Dunes Number Of Homes Sold In First Eight Months of Last Ten Years

Palmetto Dunes Oceanfront Enjoys Best Year Since Boom Year of 2005

Palmetto Dunes was home to 28.5% of ALL the Hilton Head Island oceanfront homes sold so far in 2013. And more significantly with four sales so far, this year is tied with 2009 for the best year since the boom year of 2005. Folks, that is exhilerating news for anyone considering buying Palmetto Dunes oceanfront real estate or any oceanfront real estate, because oceanfront, and particularly Palmetto Dunes oceanfront is coming back STRONG with the expectation is that it will continue to increase in coming years. As it is said, "They just aren't making any more oceanfront property," whoever "they" are!

SC Oceanfront Homes

At the peak of the market in 2005, the average price in Hilton Head for an oceanfront home was $4.15 million. This year the average price is $2.6 million, so as you can see, prices are still way down, rates are at historic lows and the market is in an upswing. Thus there is truely no better time to buy oceanfront Hilton Head Island homes than now.  Palmetto Dunes Hilton Head Island has been one of the most popular and in-demand oceanfront communities in the Hilton Head area, so if you want to get the most oceanfront luxury for your money, contact your expert Hilton Head Realtors about buying now in Palmetto Dunes or anywhere on the Hilton Head Island beach. 

Posted by Rick Turner on

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.