Sea Pines Oceanfront Home Sales Near Pre-Recession Numbers

Posted by Rick Turner on Wednesday, October 2nd, 2013 at 1:30pm.

Sea Pines Hilton Head Oceanfront Real Estate

There is exhilarating news for the Sea Pines Hilton Head community oceanfront home sales! Currently, sales are near the pre-recession level; however, overall sales volume is down. Sea Pines oceanfront homes are enjoying their second best homes-sold numbers in the past 6 years, and if two more homes sell, it will match the best year in 2004 when 8 homes sold. Take a look at the graph below to see just how fantastic Sea Pines oceanfront real estate has been in the last few years. It is apparent this neighborhood has bounced back with a vengeance from the recession crunch of 2008: 

 

This means your investment in a Sea Pines oceanfront home is a compelling choice to make!  Interest rates are still low  and the numbers are showing that the Sea Pines oceanfront area is in high demand. Whether you are buying or selling, now is the time to make your Sea Pines Hilton Head real estate move. 

Sea Pines Oceanfront Real Estate Sales Volume

This year the total sales volume was $16.4 Million, at almost 400% above the bottom of the recession in 2010. 2012 was host to a huge surge in sales, while 2013 has so far come in more moderated for the Sea Pines oceanfront real estate. When we look at the line graph below, it is obvious Sea Pines oceanfront real estate is having a stellar year compared to the bottom of the recession years, but have just not yet spiked like they did  2012:

 
The average price of an oceanfront home during the peak year of 2007 was $8.7 Million. Right now, the average price is $2.7 Million-68% below peak values!  For home buyers, this is a great opportunity to gain significant appreciation over the next several years when you BUY NOW. Jumbo mortgages are very available with still historically low rates. No matter how long it takes-5, 7, or 10 years- for prices to reach the average of $8.7 Million, oceanfront property will be the best investment one could make at this time. 
 

Sea Pines Oceanfront Community Information

One of the first planned residential communities in Hilton head, Sea Pines is a 5200 acre real estate and resort community that many other communities locally and around the world have mimicked! The breathtaking beaches, bike paths, and huge assortment of water recreation and sports, as well as the world class golf and tennis make Sea Pines a perfect place to live, play and vacation! Homeowners enjoy the highest class of resort amenities set in the lush, private beauty of the Hilton Head Lowcountry. When you live in Sea Pines, you get the best of resort amenities with the quiet charm of an exclusive residential real estate community. To learn more about buying Sea Pines oceanfront real estate, talk to your Hilton Head real estate experts at Rick Turner and Associates today!

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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