Sea Pines Real Estate Market Update

Real estate in Sea Pines remains a hot commodity this month with only 80 homes and 33 villas on the market. Just when I think we can't hit a new low in inventory, we do. These are the lowest levels we have ever seen and well priced properties are getting multiple offers within hours of being listed. Buyers are attracted to turnkey homes and are moving into them vs. using them as rental properties. The increase in purchases has had a corresponding decrease in rental property inventory since so many buyers want to either live in this beautiful place full time or have an empty home available to escape to should the need or want arise. Covid 19, in my humble opinion, has caused a notable societal shift. People have been forced to learn they can live and school from anywhere...so why not do it by the beach?