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Sea Pines Osprey Nest #7515

We're pleased to report the real estate market on Hilton Head Island recovered beyond our wildest expectations during the 2nd quarter of 2020. The market nearly ground to a halt for six weeks in March and April and the situation looked dire. During that brief period a new paradigm shift took hold in real estate and the Island appears to be the beneficiary. We've not seen this strong a demand from buyers since 2004-2005. In Sea Pines, homes have been going under contract at almost 2 -3 times the average monthly rate. After all these years of being endlessly patient, the mood of our market is determined to take action and exhibiting time is of the essence.

Year-over-year, Island-wide home sales declined 1.5% while the median sales price increased

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Low tide on Sea Pines Beach

We're pleased to report the real estate market on Hilton Head Island got off to a fabulous start the first week of January and the sales momentum continued right through to the first week of March. In February, almost a home a day was going under contract in Sea Pines. The mood of the market was upbeat and positive, and by all accounts, poised for another successful year. By early March, the coronavirus took hold of the country and the impact to our market was felt almost immediately. Since then, real estate transactions have been slow to form but they are occurring and across all price points. No doubt, we'll need to put an asterisk next to this years numbers.

Looking around the island, there was a 12.2 percent increase in the number of homes sold

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We are pleased to report that our local real estate market experienced another year of measured growth and stability in 2019. Even though the year ran in fits and starts, somehow the Island managed to have the second busiest year in home sales, and the busiest year in villa sales since 2005. The strength of last years sales diminished the Island's inventory to some of the lowest levels in years and this might be the catalyst we need to push market valuations disproportionately higher in 2020.

An example of this dynamic can be seen with home sales in Sea Pines. Over the last five years, pricing activity in this market has been fairly even to minus a point or two when the inventory began the year with more than 140 homes listed for sale. However, in

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Big Buck

The real estate market on Hilton Head Island is progressing well through the 3rd quarter of 2019. Although the market isn't as brisk as last year's popping performance, signs of strength and stability are still present.

Island-wide, homes sales declined 5.5 percent, year-over-year, while the median sales price increased 2.8 percent to $545,000. However, the number of homes sold through the 3rd quarter of 2019 shows the market having a decent year when compared to the five year average. Within this context, sales are up 10.0 percent for the year. Over the last five years, the median sales price on the island has risen 3.8 percent.

The villa market on Hilton Head Island continues to do remarkably well with persistent growth. Sales of villas around

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The real estate market on Hilton Head Island is having a bit of a mixed bag midway through 2019. Villas are outperforming homes thus far and some communities having a better year than others. The market doesn't seem to favor buyers or sellers but it does favor new construction and perfectly renovated properties. 

Sales of homes island-wide are lagging behind last year's stellar performance, down 8.6 percent, but our local real estate market has already closed on more homes, year-to-date, than we previously did in 2016 and 2017 by 20.2 percent and 18.1 percent respectively.  

The median sales price for a home on Hilton Head Island is now $532,500. A decrease of 1.4 percent from this time last year. 

Islandwide, sales of villas are up 1.2 percent,

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Sea Pines Stoney Creek Marsh

The Hilton Head Island real estate market is having a reasonably good year through the first quarter of 2019. The mood of the market is largely positive and all price points are selling. Closed transactions are running a little behind last year's stellar pace which isn't too surprising.

The number of homes sold on Hilton Head Island in the first quarter of 2019 decreased 7.4 percent compared to last year, but the median sales price increased 5.3 percent to $554,972.

The median sales price for villas on Hilton Head Island increased 5.3 percent to $250,000 as the number of closed transactions dipped 3.6 percent from the previous year.

In Sea Pines, home sales in the first quarter of 2019 were down 10.9 percent, yet the median sales price

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Azaleas blooming at The Sea Pines Resort

We're pleased to provide The Sea Pines Resort Guide for Spring of 2019 to help your family plan for a fabulous vacation experience in Sea Pines. The Resort has created a plethora of fun-filled events and activities to engage everyone in the great outdoors.

Did you know that more than 1 billion households in 226 countries around the world can tune in to watch all of us reveling on the Harbour Town Golf Links during the 51st RBC Heritage? Are you ready for a once in a lifetime experience? You can by become an Honorary Observer and walk inside the ropes, from the 1st tee to the 18th green, with the PGA pros during tournament play! To book tickets and plan your ultimate trip to the tournement, please visit RBCHeritage.com

Anyone in Sea Pines can

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SUNRISE ON Hilton Head

We're pleased to let you know the real estate market on Hilton Head Island experienced another year of measured growth and stability through 2018. The market didn't appear to favor either the buyer or the seller as both sides were sensitive to price and value. The exception to this could be found in new home construction which continues to show solid demand. Buyers also had a clear preference for renovated homes and villas in turnkey condition.

Sales of homes on Hilton Head Island were stong in 2018 with an increase in transactions of 16.8 percent but the median sales price dipped slightly by .2 percent to finish out the year at $534,000.

Villa sales islandwide ticked up 1.1 percent from the previous year while the median sales price increased

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low tide at Baynard Park in Sea Pines on Hilton Head Island

Robert J. Shiller, Sterling Professor of Economics at Yale University, has made a name for himself over the years with the S&P/CoreLogic/Case-Shiller National Home Price Index. He's acclaimed for tracking national real estate trends and issuing warnings about the market when he thinks it's overheating.

In his recent article, "The Housing Boom Is Already Gigantic. How Long Can It Last ? published in the New York Times, Professor Shiller has just raised a red flag of warning from the data he's collected and freshly analyzed. He says, "We are, once again, experiencing one of the greatest housing booms in the U.S. history," and, "The data can't tell us when prices will level off, or whether they will plunge catastrophically. All we do know is that

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Harbour Town Christmas Tree 2018

Are you looking to share and enjoy the "holiday spirit" with others? If so, you'll do no better than to visit Harbour Town during the month of December.

The Sea Pines Resort kicks off the holidays on November 23rd with a Greg Russell concert under the Liberty Oak and the official lighting of the Christmas tree. The event begins at 7:30pm as Harbour Town comes to life with illuminated seasonal ornaments and song.

Ring in the "holiday spirits" with helping others. A number of the activities and events scheduled in Harbour Town are complimentary with the donation of a canned food item for Deep Well. By bringing a can or two, you and your family can enjoy classic holiday movies under the Liberty Oak with a fire pit to roast your marshmallows on

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