Page 1

THE STATE

Our Portfolio of Fine Colleton River Homes O UN N D T E R R A C T

of the Colleton River Real Estate Market

C

February 2018

KEY METRICS

January 2018 in Review

In Colleton River, no homes closed in the first month of 2018 with the same being true of this time last year. Supply and demand: as of February 5th, 2018, there are 31 Colleton River homes listed for sale with an average of 1.17 homes selling per month over the last six months. That translates into a 26.50-month supply, considered by industry experts to be a very strong buyer’s market. There are currently three homes under contract in Colleton River.

O UN N D T E R R A C T

Top Quality and Golf Prestige Offered on a peaceful cul-de-sac street on a sweeping golf course vista is this exceptional home with extensive woodwork and trim. The kitchen is a “ten” with high-end cabinetry, a breakfast bar, granite counters, stainless steel appliances, a gas cooktop, a double oven, a wine closet and sunlit breakfast dining – open to the spacious family room. The bright family room is crowned with a brick-surround fireplace and views out to the pool and beyond. More entertaining options are available in the open dining room with a butler’s pantry and living room right off the family room. The master suite includes his ‘n hers baths and closets. An office, guest suites, 2nd laundry room, elevator, and a pool and spa are just a taste of the home’s amenities. 12 Ballybunion Way, Colleton River 4 Bedrooms | 5 Full and 2 Half Bathrooms | 6,500 Htd. SqFt | $1,199,500

0

$0

0%

0

Total Sales

Median Price

Sale to List Price

Median Days on Market

C

Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON

711 1 Spring Hill Court, Colleton River

4 Spring Hill Court, Colleton River

41 Colleton River Drive, Colleton River

5 Bedrooms | 5.5 Bathrooms | 4,702 Htd. SqFt | $905,000 4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000 4 Bedrooms | 4 Bathrooms | 3,800 Htd. SqFt | $725,000

COMMUNITY SPECIALIST

The Linda Rudd Team is your Colleton River Specialist. We’ve brought buyers to, and sold, over 35 properties in the community. Please contact us if you’d like a no-obligation home valuation.

PRSRT STD US POSTAGE PAID Permit 73

Linda Rudd, Real Estate Advisor, Team Leader Telephone: 843-816-5522 • linda.rudd@evusa.com

Hilton Head Is., SC

Rick Turner Telephone: 843-816-0796 • rick.turner@evusa.com Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton

Website: www.lindaruddteam.evusa.com ©2018 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

Local Postal Customer

How’s the Bluffton Real Estate Market Doing?

YTD Greater Bluffton Home Sales YTD Through January 31 for Each Year

Year

Number of Homes Sold

Median Price

2013

104

$246,000

2014

98

$235,000

2015

85

$237,000

2016

136

$280,000

2017

103

$305,000

2018

132

$302,000

The Greater Bluffton housing market continues to be on fire, and ever so close to the all-time January record set in 2016, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, January homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 77 sales. In January 2018 though, an extraordinary 132 homes were sold, bettering the pre-recession peak by 71%. As you can see from the chart to the left, only 2016 was better with 136 homes sold. The median price did drop a statistically insignificant 1% compared to January 2017; however, home sale prices in the last two years have been at the highest levels in the history of our area. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to invest in real estate in our area.

This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2018 through February 7, 2018. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.


Colleton River Home Listings ADDRESS

Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold

28 Seven Oaks Drive 5 High Ponds Lane 121 Inverness Drive 87 Oak Tree Road 56 Magnolia Blossom Drive 29 Mulberry Road 30 Middleton Gardens Place 4 Middleton Gardens Place 14 Wedgewood Circle 53 Hawthorne Road 21 Hanover Way 17 Middleton Gardens Place 15 Hanover Way 26 Inverness Drive 5 Inverness Drive 9 Stoney Park Lane 1 Spring Hill Court 75 Inverness Drive 82 Inverness Drive 4 Spring Hill Court 122 Inverness Drive 54 Hawthorne Road 57 Magnolia Blossom Drive 44 Colleton River Drive 55 Colleton River Drive 9 Hanover Way 46 Inverness Drive 23 Hampton Lane 7 Millbrook Court 4 Fairfield Court 12 Ballybunion Way 12 Lawsons Pond Court 41 Colleton River Drive 8 Ballybunion Way 10 Spring Hill Court 7 Ballybunion Way 56 Inverness Drive

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between November 1, 2017 and January 1, 2018

KEY TRENDS

Freddie Mac Mortgage Rates - 30 Year Fixed Rate Source: Freddie Mac, January 2018

The Impact Staging Your Home Has on Sales Price

To Stage...or Not to Stage? That is the Question! The National Association of Realtors surveyed their members and released the findings of their Annual Profile of Home Staging.

TOP findings from seller’s agents Living Room

25% 50%

of sellers paid to have their homes staged before listing of staged homes saw a 1-10% increase in dollar value offers from buyers

TOP findings from BUYEr’s agents

77% 40% 38% 44%

said staging made it easier for home buyers to visualize the home as their own of buyers were more willing to visit a home they saw online if it was staged

2016

Kitchen

saw an increase of 1-10% in dollar value offers on a staged home Dining Room

Some Highlights:

2017

ACTUAL PROJECTED RATE

Master Bedroom

saw positive impact on home value if the home is decorated to a buyer’s taste

2018 2015

KEY TRENDS

Source: Keeping Current Matters, January 2018

TOP ROOMS TO STAGE TO ATTRACT BUYERS

STATUS

TOTAL APPROX. YEAR VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Deep Water, River 6 6 7 20,099 2004 $9,950,000 --Deep Water 5 4 2 7,944 1997 $3,900,000 --Marsh, Pool 5 6 1 5,681 2007 $2,995,000 --Deep Water, Marsh 4 4 2 6,628 2000 $2,950,000 --Deep Water, River 5 5 1 5,367 1996 $2,910,000 --Marsh, River 4 4 1 5,075 2006 $1,499,999 --Deep Water, Marsh 4 5 1 4,903 1996 $1,429,000 --Golf, Marsh 4 4 1 5,218 2017 $1,425,000 --Marsh 4 4 1 4,443 1999 $1,400,000 --Deep Water, Marsh 5 4 1 5,904 2003 $1,399,000 --Golf, Marsh 6 6 1 6,210 2001 $1,349,000 --Marsh, River 4 4 1 5,392 2002 $1,349,000 --Golf, Marsh 4 4 1 5,064 2008 $1,299,000 --Golf 3 3 1 4,250 2018 $1,259,000 --Lagoon/Canal, Lake 4 4 1 3,531 2017 $987,000 --Marsh 4 5 1 3,898 2000 $975,000 --Golf, Lagoon/Canal 5 5 1 4,702 2000 $905,000 --Lake 4 4 1 4,120 2004 $895,000 --Golf 4 4 1 4,452 2000 $895,000 --Golf, Lagoon/Canal 4 4 1 5,543 1995 $860,000 --Deep Water, Golf 4 4 1 3,500 2015 $839,000 --Golf, Lagoon/Canal 5 5 1 3,700 2013 $799,000 --Golf, Lagoon/Canal 5 5 0 4,515 1995 $795,000 --Golf 4 4 0 3,354 2000 $795,000 --Golf, Lagoon/Canal 4 4 1 3,242 1994 $775,000 --Marsh 4 4 0 3,252 1993 $749,000 --Golf 3 3 1 3,871 2001 $729,000 --Golf, Lagoon/Canal 3 3 1 3,732 1994 $649,000 --Golf 4 4 1 3,237 2016 $599,000 --Lagoon/Canal, Landscape 4 3 1 4,719 2000 $529,000 --Golf 4 5 2 6,500 2002 $1,199,500 --Golf 4 4 1 4,100 2015 $1,199,000 --Marsh, River 4 4 0 3,800 1998 $725,000 --Golf 4 4 1 4,300 2006 $699,900 --Golf, Marsh 4 5 0 3,800 2011 $1,250,000 $1,150,000 Golf, Lagoon/Canal 4 5 1 6,426 2001 $1,195,000 $1,133,333 Golf 4 4 1 4,094 2004 $850,000 $850,000

• The National Association of Realtors surveyed their members and released the findings of their Annual Profile of Home Staging • 50% of staged homes saw a 1-10% increase in dollar value offers from buyers

2015 Q1

2015 Q2

2015 Q3

2015 Q4

2016 Q1

2016 Q2

2016 Q3

2016 Q4

2017 Q1

2017 Q2

2017 Q3

2017 Q4

2018 Q1

2018 Q2

2018 Q3

2018 Q4

• 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own

3.7%

3.8%

4.0%

3.9%

3.7%

3.6%

3.5%

3.8%

4.2%

4.0%

3.9%

3.9%

4.1%

4.3%

4.4%

4.6%

• The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room

How Did We Finish 2017? 1. New-home sales are at the highest level in a decade. 2. Sales of previously owned homes are at the highest level in more than a decade. 3. Starts of single-family homes are the strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.


Colleton River Home Listings ADDRESS

Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold

28 Seven Oaks Drive 5 High Ponds Lane 121 Inverness Drive 87 Oak Tree Road 56 Magnolia Blossom Drive 29 Mulberry Road 30 Middleton Gardens Place 4 Middleton Gardens Place 14 Wedgewood Circle 53 Hawthorne Road 21 Hanover Way 17 Middleton Gardens Place 15 Hanover Way 26 Inverness Drive 5 Inverness Drive 9 Stoney Park Lane 1 Spring Hill Court 75 Inverness Drive 82 Inverness Drive 4 Spring Hill Court 122 Inverness Drive 54 Hawthorne Road 57 Magnolia Blossom Drive 44 Colleton River Drive 55 Colleton River Drive 9 Hanover Way 46 Inverness Drive 23 Hampton Lane 7 Millbrook Court 4 Fairfield Court 12 Ballybunion Way 12 Lawsons Pond Court 41 Colleton River Drive 8 Ballybunion Way 10 Spring Hill Court 7 Ballybunion Way 56 Inverness Drive

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between November 1, 2017 and January 1, 2018

KEY TRENDS

Freddie Mac Mortgage Rates - 30 Year Fixed Rate Source: Freddie Mac, January 2018

The Impact Staging Your Home Has on Sales Price

To Stage...or Not to Stage? That is the Question! The National Association of Realtors surveyed their members and released the findings of their Annual Profile of Home Staging.

TOP findings from seller’s agents Living Room

25% 50%

of sellers paid to have their homes staged before listing of staged homes saw a 1-10% increase in dollar value offers from buyers

TOP findings from BUYEr’s agents

77% 40% 38% 44%

said staging made it easier for home buyers to visualize the home as their own of buyers were more willing to visit a home they saw online if it was staged

2016

Kitchen

saw an increase of 1-10% in dollar value offers on a staged home Dining Room

Some Highlights:

2017

ACTUAL PROJECTED RATE

Master Bedroom

saw positive impact on home value if the home is decorated to a buyer’s taste

2018 2015

KEY TRENDS

Source: Keeping Current Matters, January 2018

TOP ROOMS TO STAGE TO ATTRACT BUYERS

STATUS

TOTAL APPROX. YEAR VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Deep Water, River 6 6 7 20,099 2004 $9,950,000 --Deep Water 5 4 2 7,944 1997 $3,900,000 --Marsh, Pool 5 6 1 5,681 2007 $2,995,000 --Deep Water, Marsh 4 4 2 6,628 2000 $2,950,000 --Deep Water, River 5 5 1 5,367 1996 $2,910,000 --Marsh, River 4 4 1 5,075 2006 $1,499,999 --Deep Water, Marsh 4 5 1 4,903 1996 $1,429,000 --Golf, Marsh 4 4 1 5,218 2017 $1,425,000 --Marsh 4 4 1 4,443 1999 $1,400,000 --Deep Water, Marsh 5 4 1 5,904 2003 $1,399,000 --Golf, Marsh 6 6 1 6,210 2001 $1,349,000 --Marsh, River 4 4 1 5,392 2002 $1,349,000 --Golf, Marsh 4 4 1 5,064 2008 $1,299,000 --Golf 3 3 1 4,250 2018 $1,259,000 --Lagoon/Canal, Lake 4 4 1 3,531 2017 $987,000 --Marsh 4 5 1 3,898 2000 $975,000 --Golf, Lagoon/Canal 5 5 1 4,702 2000 $905,000 --Lake 4 4 1 4,120 2004 $895,000 --Golf 4 4 1 4,452 2000 $895,000 --Golf, Lagoon/Canal 4 4 1 5,543 1995 $860,000 --Deep Water, Golf 4 4 1 3,500 2015 $839,000 --Golf, Lagoon/Canal 5 5 1 3,700 2013 $799,000 --Golf, Lagoon/Canal 5 5 0 4,515 1995 $795,000 --Golf 4 4 0 3,354 2000 $795,000 --Golf, Lagoon/Canal 4 4 1 3,242 1994 $775,000 --Marsh 4 4 0 3,252 1993 $749,000 --Golf 3 3 1 3,871 2001 $729,000 --Golf, Lagoon/Canal 3 3 1 3,732 1994 $649,000 --Golf 4 4 1 3,237 2016 $599,000 --Lagoon/Canal, Landscape 4 3 1 4,719 2000 $529,000 --Golf 4 5 2 6,500 2002 $1,199,500 --Golf 4 4 1 4,100 2015 $1,199,000 --Marsh, River 4 4 0 3,800 1998 $725,000 --Golf 4 4 1 4,300 2006 $699,900 --Golf, Marsh 4 5 0 3,800 2011 $1,250,000 $1,150,000 Golf, Lagoon/Canal 4 5 1 6,426 2001 $1,195,000 $1,133,333 Golf 4 4 1 4,094 2004 $850,000 $850,000

• The National Association of Realtors surveyed their members and released the findings of their Annual Profile of Home Staging • 50% of staged homes saw a 1-10% increase in dollar value offers from buyers

2015 Q1

2015 Q2

2015 Q3

2015 Q4

2016 Q1

2016 Q2

2016 Q3

2016 Q4

2017 Q1

2017 Q2

2017 Q3

2017 Q4

2018 Q1

2018 Q2

2018 Q3

2018 Q4

• 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own

3.7%

3.8%

4.0%

3.9%

3.7%

3.6%

3.5%

3.8%

4.2%

4.0%

3.9%

3.9%

4.1%

4.3%

4.4%

4.6%

• The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room

How Did We Finish 2017? 1. New-home sales are at the highest level in a decade. 2. Sales of previously owned homes are at the highest level in more than a decade. 3. Starts of single-family homes are the strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.


THE STATE

Our Portfolio of Fine Colleton River Homes O UN N D T E R R A C T

of the Colleton River Real Estate Market

C

February 2018

KEY METRICS

January 2018 in Review

In Colleton River, no homes closed in the first month of 2018 with the same being true of this time last year. Supply and demand: as of February 5th, 2018, there are 31 Colleton River homes listed for sale with an average of 1.17 homes selling per month over the last six months. That translates into a 26.50-month supply, considered by industry experts to be a very strong buyer’s market. There are currently three homes under contract in Colleton River.

O UN N D T E R R A C T

Top Quality and Golf Prestige Offered on a peaceful cul-de-sac street on a sweeping golf course vista is this exceptional home with extensive woodwork and trim. The kitchen is a “ten” with high-end cabinetry, a breakfast bar, granite counters, stainless steel appliances, a gas cooktop, a double oven, a wine closet and sunlit breakfast dining – open to the spacious family room. The bright family room is crowned with a brick-surround fireplace and views out to the pool and beyond. More entertaining options are available in the open dining room with a butler’s pantry and living room right off the family room. The master suite includes his ‘n hers baths and closets. An office, guest suites, 2nd laundry room, elevator, and a pool and spa are just a taste of the home’s amenities. 12 Ballybunion Way, Colleton River 4 Bedrooms | 5 Full and 2 Half Bathrooms | 6,500 Htd. SqFt | $1,199,500

0

$0

0%

0

Total Sales

Median Price

Sale to List Price

Median Days on Market

C

Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON

711 1 Spring Hill Court, Colleton River

4 Spring Hill Court, Colleton River

41 Colleton River Drive, Colleton River

5 Bedrooms | 5.5 Bathrooms | 4,702 Htd. SqFt | $905,000 4 Bedrooms | 4.5 Bathrooms | 5,543 Htd. SqFt | $860,000 4 Bedrooms | 4 Bathrooms | 3,800 Htd. SqFt | $725,000

COMMUNITY SPECIALIST

The Linda Rudd Team is your Colleton River Specialist. We’ve brought buyers to, and sold, over 35 properties in the community. Please contact us if you’d like a no-obligation home valuation.

PRSRT STD US POSTAGE PAID Permit 73

Linda Rudd, Real Estate Advisor, Team Leader Telephone: 843-816-5522 • linda.rudd@evusa.com

Hilton Head Is., SC

Rick Turner Telephone: 843-816-0796 • rick.turner@evusa.com Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton

Website: www.lindaruddteam.evusa.com ©2018 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

Local Postal Customer

How’s the Bluffton Real Estate Market Doing?

YTD Greater Bluffton Home Sales YTD Through January 31 for Each Year

Year

Number of Homes Sold

Median Price

2013

104

$246,000

2014

98

$235,000

2015

85

$237,000

2016

136

$280,000

2017

103

$305,000

2018

132

$302,000

The Greater Bluffton housing market continues to be on fire, and ever so close to the all-time January record set in 2016, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, January homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 77 sales. In January 2018 though, an extraordinary 132 homes were sold, bettering the pre-recession peak by 71%. As you can see from the chart to the left, only 2016 was better with 136 homes sold. The median price did drop a statistically insignificant 1% compared to January 2017; however, home sale prices in the last two years have been at the highest levels in the history of our area. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to invest in real estate in our area.

This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2018 through February 7, 2018. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.

The State of the Colleton River Real Estate Market - February 2018  

This February 2018 Colleton River real estate market report shows how the Hilton Head Island - Bluffton real estate market is doing, compare...

The State of the Colleton River Real Estate Market - February 2018  

This February 2018 Colleton River real estate market report shows how the Hilton Head Island - Bluffton real estate market is doing, compare...

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