Perhaps you saw us on TV for the RBC/Boeing Heritage Classic that was held April 14 – 20 on CBS which was won by Matt Kuchar late on Sunday afternoon by holing-out a blast from the 18th green-side bunker on the famed Harbour Town Golf Links in Sea Pines Plantation. A thrilling victory for all to see in spite of the inclement weather that was prevalent throughout the week.
Likewise, I am anticipating a visit from you this Spring/Summer and I wanted for you to be aware that Hilton Head ocean front properties for sale are still 50%-off here on Hilton Head Island, SC and surrounds – the recovery has not yet hit us fully – but, there have been clear and incontrovertible trends that you need to know about – modest price increases that are holding and inventory that is tightening – the seeds of return to a normalized market.
I could not wait to share with you the sales history of one of the villa complexes (truncated to fit and I could have provided any one of the four – they were all very similar) that I showed a nice family from Northern-Virginia the week of the golf tournament, and the same price trend demonstrated below would apply to just about any villa complex or residential neighborhood of any price point in our MLS market area:
MLS Status List Price Sales Price Date DOM
316896 SOLD $ 699k $ 625k 01/24/2014 529
321164 SOLD $ 740k $ 696k 08/29/2013 153
309081 SOLD $ 799k $ 750k 10/28/2011 103
250767 SOLD $ 950k $ 950k 11/07/2008 134
224073 SOLD $1,199k $1,140k 07/06/2006 191
225979 SOLD $1,175k $1,100k 05/30/2006 95
214464 SOLD $ 949k $ 960k 01/19/2005 10
101291 SOLD $ 815k $ 815k 01/14/2003 4
96569 SOLD $ 697k $ 680k 05/15/2002 46
Note that this property – as now with most all properties in our MLS – is still selling for a little more than 50% of peak sales price and less than it was a dozen years ago in 2002! This is the value in looking for and purchasing real property right now when prices are so low in comparison to what they have been in the past. Request a history (provided free of charge for my clients) for the property that most interests you and see for yourself the price advantage that still exists. This information will assist with your decision as to when the right time comes for you and for your family to invest. You do not have to be perfect with either the property or the timing in order to succeed – but you need to be on the right side of the curve – and that is prior to the time that the market begins to exhibit significant price increases as aggregate demand rebounds.
Please call me (or your Pattisall Group agent) in advance on the cell phone @ 843-304-9590 or reply to this e-mail to make arrangements for seeing properties when you are traveling to Hilton Head Island – the ability to plan ahead allows us to promise to show you an interesting and informative day or whatever allotted time you might have!
Richard C. Pattisall, Jr.