"Thank you for all your guidance, knowledge, experience, patience, kindness, and dedication you showed towards me and my family throughout this entire journey. As a first time home buyer, I was scared to death of this process. You went up above and beyond to make this process as easy as possible. Thank You from the bottom of my heart. You are truly amazing at your job". 

~Patti

Hilton Head Island Real Estate
Hilton Head Island Realtors

Sea Pines Real Estate

Sea Pines Realtor

Beach Club Real Estate

Lorri Lewis Realtor

Coligny Beach on Hilton Head Island was named one of the top 25 beaches in America by TripAdvisor readers.  Read the article here as well as the other winners!

https://www.tripadvisor.com/TravelersChoice-Beaches-cTop-g191

Inventory Will Stay Low – Sellers are staying put and buyers aren’t giving up, so I expect inventory to remain low in 2022.   We are so upside down that I anticipate it will take a significant amount of time, or a significant event, for this market to balance out.  Communities like Hilton Head Plantation, which for the last 15 years have had anywhere from 80-110 homes on the market at any given time, currently has less than 5 homes on the market.  We have a long way to go.

Prices will edge up – I don’t expect big increases in 2022 but tight supply naturally keeps prices strong, so I expect that trend to continue.

Interest rates will rise – Higher interest rates have very little direct effect on our market but will effect first time homebuyers who are planning to buy the homes in other cities that our buyers are leaving to come here.  I believe there is enough demand that we won’t see higher mortgage rates having a substantial effect on our real estate in 2022.

Off Island property sales will be Hot – Many buyers have given up on Hilton Head and are making their way to the outskirts of Bluffton and into Hardeeville where new construction is going strong.  Developments like 4 Seasons, Palmetto Bluff, Sun City, Margaritaville, New Riverside and the communities in the Argent tract such as Riverton Pointe will be the focus for 2022.

The Lowcountry Celebration Park, opened in December 2020, is Hilton Head Island's newest park. Situated on a 10-acre site off Pope Avenue near the Coligny Beach parking lot, the Park provides several recreational activities, amenities, and scenic views for families and individuals, organizations and community groups. The park is minutes away from the Town's award-winning Coligny Beach Park. While Coligny provides direct access to the beach, the new Lowcountry Celebration features attractions designed to help park visitors engage in play, discover the Island's environment and be part of cultural festivities.

The Lowcountry Celebration Park features:

• The Adventure Playground, named after the ship Captain William Hilton was on when he discovered Hilton Head Island. It features a reimagined design of the ship, playground, wading pool and more.
• An Open Pavilion and Lawn for fun events and festivals.
• The Perimeter Walk subtly lighted for evening strolls around the park.
• The Setting Sun Sculpture
• Two Fitness Stations
• Wi-Fi
• Lights and Security Cameras
• The Sandbox Children's Museum (Scheduled to open early 2021)
• Restrooms Facilities
• Parking spaces on a new lot near the parks entrance from Nassau Street and parking spaces on Nassau Street.

Additional Directions:  located off Pope Avenue near the Coligny Beach parking lot

Hours:  The Adventure Playground is open from sunrise to sunset. Restroom facilities at the Park close at 10 pm.

Information and photos courtesy of the Town of Hilton Head Island and the Hilton Head Monthly Magazine

505 Azalea Place - Riverton Pointe $83,900

Rare opportunity to build your dream home in Riverton Pointe on this private, wooded cul-de-sac homesite. The premier community in the fast developing argent tract, Riverton Pointe boasts a Nicklaus design golf course that is unparalleled in the Lowcountry. Uniquely situated between Hilton Head Island, Beaufort and Savannah. Enjoy shopping and dining less than a mile from the front gate. Warm community with friendly neighbors. Tennis courts, pickle ball, swimming pool and driving range now open. Golf course is complete and scheduled for a Fall 2021 opening.  Call me for more information!  843-422-6448.

Buyer activity was the leader again in 2020. With mortgage interest rates setting record lows multiple times throughout the year and a strong drive by many buyers to secure a better housing situation – in part due to the new realities brought on by COVID-19 – many segments of the market experienced a multiple-offer frenzy not seen in the last 15 years or more.  To view the report for year ending 2020, click here.  

IN THE NEWS:  (by: KCM:  Keeping Current Matters)

This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes:

“Working from home is a positive factor in demand for vacation homes.”

Buyers are taking advantage of the fact that working from home might be someplace other than their primary residence – at the beach, in the mountains, or somewhere in between. NAR explains:

“Sales in vacation-home counties increased 48% on average year over year in the third quarter; overall, 81% of vacation-home counties saw a year-over-year sales increase.”

Is it Time to Sell Your Vacation Home?

If you’ve been thinking about selling your vacation home, putting it on the market now while demand is high might be your best move. Here are two reasons why.

1. Vacation Homes Are Selling Quickly

These homes are not staying in the market for very long. NAR also notes:

“In September, 68% of vacation homes sold in less than a month. Historically, about 30% sell that quickly…It’s a pretty amazing uptick compared to past years.”

2. Home Prices Are Rising

With an increase in demand, prices go up. NAR continues:

“In the third quarter, prices in vacation-home counties rose by about 32% year over year. Seventy-nine percent of these counties experienced year-over-year price gains. NAR defines a vacation-home county as one in which seasonal housing accounts for at least 20% of stock.”

If your vacation home is sitting idle, maybe not attracting as many renters as you usually see, or if you simply want to sell it so you can trade up or take it off your worry list, now may be the time. Demand is high, so you’re in the ideal spot to get a stronger return on your investment today.

Bottom Line

Demand is on the rise, so reach out to a local real estate professional today to determine your next steps when it comes to selling your vacation home.