It's a pleasure to report the real estate market on Hilton Head Island continues to operate with lightning speed and efficiency and is on track for another record setting year. There has been a slight change in the marketplace over the last few months. Crazy irrational demand has dissipated into exceedingly strong demand. The need to acquire a property at all costs appears to have ebbed as buyers have become more selective in their bidding wars.
Home sales around Hilton Head Island are running 6.1% ahead of this time last year and the median sales price has gained 28.6% to $775,000.
Villa sales on the Island are up 24.9% from the previous year and the median sales price has climbed 23.8% to $350,000.
Nationally, the S&P Corelogic Case-Shiller…