Page 1

THE STATE

Our international reach finds home buyers.

of the Hilton Head Plantation Real Estate Market Shell Streets, Dolphin Head and Ribaut Island

5

January 2018

Continents

33

KEY METRICS

Countries

750

+

2017 Year-End in Review

Shops

In Hilton Head Plantation, based on information for Shell Streets, Dolphin Head and Ribaut Island, 44 homes closed in 2017, compared to 42 at the end of 2016. January through December’s total dollar volume was $23.136M, with a total volume of $18.804M in 2016. Supply and demand: as of January 3rd, 2018, there are 12 Hilton Head Plantation homes in the above sub-communities listed for sale with an average of 4.67 homes selling per month over the last six months. That translates into a 2.57-month supply, considered by industry experts to be an excellent seller’s market. There are eight homes under contract in these neighborhoods of Hilton Head Plantation. In the lot realm, two lots closed in 2017, compared to four in the previous year. There is one lot under contract at this present time.

9,000+

Advisors

International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 750 brokerages and 9,000 advisors in highly desirable markets including the United States, Canada and Europe. A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.

44

$392,500

96.48%

75

Total Sales

Median Price

Sale to List Price

Median Days on Market

Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors

At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Hilton Head Plantation real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.

Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND

We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.

551

Please contact us to schedule a brief introductory meeting and complimentary home valuation.

YTD Hilton Head Island Home Sales

COMMUNITY SPECIALIST Douglas and Barbara Jennings are your Hilton Head Plantation Real Estate Specialists. Contact us for a complimentary

home valuation and discover how we can increase your property’s visibility both nationally and internationally through Engel & Völkers global real estate network, unique digital platforms, social media presence, and local market expertise.

Douglas and Barbara Jennings, Real Estate Advisors 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

Telephone • 843-940-7341 | 540-840-1133 Email • douglas.jennings@evusa.com barbara.jennings@evusa.com Website • www.jenningsteam.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.

JENNINGS TEAM

How’s the Hilton Head Island Real Estate Market Doing?

PRSRT STD US POSTAGE PAID Permit 73

Year

Number of Homes Sold

Median Price

2013

830

$486,00

2014

827

$486,000

2015

864

$525,000

2016

844

$525,000

2017

913

$550,000

Hilton Head Is., SC

The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate on the Island.

This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 10, 2017. 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.

JENNINGS TEAM


Hilton Head Plantation Home Listings - Shell Streets, Dolphin Head and Ribaut Island STATUS

ADDRESS

VIEW

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

5 Ribaut Drive 16 Ribaut Drive 18 Ribaut Drive 4 Angel Wing Drive 33 Dolphin Point Lane 4 China Cockle Way 11 Sparrow Hawk Court 19 Bent Tree Lane 34 Cottonwood Lane 1 Teal Lane 15 Towhee Road 16 Field Sparrow Road 24 China Cockle Way 22 China Cockle Lane 38 Ribaut Drive 33 Oyster Shell Lane 13 Cottonwood Lane 9 Bent Tree Lane 18 Angel Wing Drive 19 Coopers Hawk Road 10 Ribaut Drive 24 Wing Shell Lane 23 Pheasant Run 20 China Cockle Lane 7 Bobcat Lane 71 Deerfield Road 4 Turret Shell Lane 5 King Rail Lane 30 Cottonwood Lane 2 Bobcat Lane 3 Turret Shell Lane 19 Teal Lane

Deep Water, Sound Marsh Marsh Deep Water, Sound Deep Water Landscape, Wooded Golf, Sound Golf Landscape, Wooded Golf, Lagoon/Canal Golf Golf Ocean, Sound Sound Marsh Wooded Golf, Lake Landscape Wooded Golf Marsh Deep Water, Sound Golf, Pool Landscape Golf, Lagoon/Canal Marsh Landscape Golf, Pool Landscape Wooded Landscape Golf

TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 3 6,200 2001 $3,995,000 --4 4 1 4,365 1993 $1,149,000 --3 3 1 4,380 1993 $1,140,000 --3 3 0 3,933 2003 $844,000 --3 3 1 3,310 1985 $820,000 --3 3 1 3,367 1983 $549,000 --3 3 1 2,511 1978 $509,999 --3 2 1 2,350 1983 $485,000 --3 2 0 1,924 1984 $384,900 --3 2 1 2,194 1978 $379,000 --3 2 0 1,976 1979 $374,900 --3 3 0 2,032 1974 $349,000 --4 4 1 4,000 2014 $1,695,000 --4 4 0 3,656 1979 $1,150,000 --4 4 1 3,910 1994 $849,000 --3 2 1 3,356 1983 $524,500 --4 2 1 2,573 1987 $499,000 --3 2 1 2,917 1982 $498,000 --3 3 0 1,824 1979 $449,000 --3 2 1 2,276 1993 $438,500 --4 4 1 4,542 2008 $1,100,000 $1,100,000 4 4 0 4,387 1985 $965,000 $965,000 4 3 0 3,400 2000 $630,000 $630,000 4 4 0 4,054 1977 $629,000 $629,000 4 2 1 3,000 2000 $610,000 $610,000 4 3 1 3,310 1990 $577,000 $577,000 3 2 0 2,048 1979 $443,000 $443,000 3 2 0 1,591 1984 $380,000 $380,000 3 2 0 1,886 1984 $357,500 $357,500 3 3 0 2,356 1985 $332,000 $332,000 2 2 0 1,518 1978 $265,000 $265,000 3 2 0 1,876 1982 $240,000 $240,000

Home Prices Up 6.54% Across the Country

KEY TRENDS

Source: Keeping Current Matters, December 2017

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.

Year Over Year Prices by Region WEST NORTH CENTRAL

PACIFIC MOUNTAIN

8.91%

EAST NORTH CENTRAL

5.22%

NEW ENGLAND

5.91%

8.63%

5.96%

MIDDLE ATLANTIC 4.81%

WV

SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL

USA AVERAGE

6.10%

6.54%

< 0.0% WEST SOUTH CENTRAL

0.0% to 2.9%

6.15%

3.0% to 7.9% > 8.0%

Hilton Head Plantation Lot Listings - Shell Streets, Dolphin Head and Ribaut Island STATUS Active Active Active Active Active Pending

ADDRESS 28 Oyster Shell Lane 9 Angel Wing Drive 28 Dolphin Point Lane 22 Coopers Hawk Road 3 Teal Lane 6 Myrtle Warbler Road

VIEW Deep Water Sound Wooded Lagoon/Canal Golf Golf

LIST PRICE CLOSE PRICE $999,000 --$849,000 --$168,000 --$155,000 --$149,000 --$79,900 ---

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017

Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.

Year Over Year Prices by State WA 11.5%

VT (2.0%) ND 2.0%

MT 6.5%

TECH FOCUS

Extensive Domestic & Global Exposure (EDGE )

OR 8.8%

WY 2.3%

Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month

ID 5.0%

NV 9.6% CA 8.4%

UT 9.2%

AZ 10.0%

CO 8.5%

MN 6.2%

IA 3.6%

NE 6.1% KS 4.6% OK 4.0%

NM 5.4%

Let us provide the EDGE you need to sell your home. Contact the Jennings Team for a complimentary, no-obligation home valuation.

MI 7.9%

IL 3.9%

5.6%

KY 7.3% 8.7%

TX 7.1%

WV 1.1%

VA 4.6%

CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)

NC 6.0%

TN

SC 7.2%

AR 4.3% MS 1.9%

NH (6.6%) MA (7.4%) RI (7.3%)

PA 4.3% OH 5.9%

IN

MO 5.6%

AL 4.3%

GA 7.6%

FL 8.1%

AK 3.1%

< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%

Waiting to move may end up costing you more!

LA 4.4%

• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor

WI 6.8%

SD 5.7%

NY 5.8%

ME 7.2%

> 8.0%


Hilton Head Plantation Home Listings - Shell Streets, Dolphin Head and Ribaut Island STATUS

ADDRESS

VIEW

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

5 Ribaut Drive 16 Ribaut Drive 18 Ribaut Drive 4 Angel Wing Drive 33 Dolphin Point Lane 4 China Cockle Way 11 Sparrow Hawk Court 19 Bent Tree Lane 34 Cottonwood Lane 1 Teal Lane 15 Towhee Road 16 Field Sparrow Road 24 China Cockle Way 22 China Cockle Lane 38 Ribaut Drive 33 Oyster Shell Lane 13 Cottonwood Lane 9 Bent Tree Lane 18 Angel Wing Drive 19 Coopers Hawk Road 10 Ribaut Drive 24 Wing Shell Lane 23 Pheasant Run 20 China Cockle Lane 7 Bobcat Lane 71 Deerfield Road 4 Turret Shell Lane 5 King Rail Lane 30 Cottonwood Lane 2 Bobcat Lane 3 Turret Shell Lane 19 Teal Lane

Deep Water, Sound Marsh Marsh Deep Water, Sound Deep Water Landscape, Wooded Golf, Sound Golf Landscape, Wooded Golf, Lagoon/Canal Golf Golf Ocean, Sound Sound Marsh Wooded Golf, Lake Landscape Wooded Golf Marsh Deep Water, Sound Golf, Pool Landscape Golf, Lagoon/Canal Marsh Landscape Golf, Pool Landscape Wooded Landscape Golf

TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 6 3 6,200 2001 $3,995,000 --4 4 1 4,365 1993 $1,149,000 --3 3 1 4,380 1993 $1,140,000 --3 3 0 3,933 2003 $844,000 --3 3 1 3,310 1985 $820,000 --3 3 1 3,367 1983 $549,000 --3 3 1 2,511 1978 $509,999 --3 2 1 2,350 1983 $485,000 --3 2 0 1,924 1984 $384,900 --3 2 1 2,194 1978 $379,000 --3 2 0 1,976 1979 $374,900 --3 3 0 2,032 1974 $349,000 --4 4 1 4,000 2014 $1,695,000 --4 4 0 3,656 1979 $1,150,000 --4 4 1 3,910 1994 $849,000 --3 2 1 3,356 1983 $524,500 --4 2 1 2,573 1987 $499,000 --3 2 1 2,917 1982 $498,000 --3 3 0 1,824 1979 $449,000 --3 2 1 2,276 1993 $438,500 --4 4 1 4,542 2008 $1,100,000 $1,100,000 4 4 0 4,387 1985 $965,000 $965,000 4 3 0 3,400 2000 $630,000 $630,000 4 4 0 4,054 1977 $629,000 $629,000 4 2 1 3,000 2000 $610,000 $610,000 4 3 1 3,310 1990 $577,000 $577,000 3 2 0 2,048 1979 $443,000 $443,000 3 2 0 1,591 1984 $380,000 $380,000 3 2 0 1,886 1984 $357,500 $357,500 3 3 0 2,356 1985 $332,000 $332,000 2 2 0 1,518 1978 $265,000 $265,000 3 2 0 1,876 1982 $240,000 $240,000

Home Prices Up 6.54% Across the Country

KEY TRENDS

Source: Keeping Current Matters, December 2017

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.

Year Over Year Prices by Region WEST NORTH CENTRAL

PACIFIC MOUNTAIN

8.91%

EAST NORTH CENTRAL

5.22%

NEW ENGLAND

5.91%

8.63%

5.96%

MIDDLE ATLANTIC 4.81%

WV

SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL

USA AVERAGE

6.10%

6.54%

< 0.0% WEST SOUTH CENTRAL

0.0% to 2.9%

6.15%

3.0% to 7.9% > 8.0%

Hilton Head Plantation Lot Listings - Shell Streets, Dolphin Head and Ribaut Island STATUS Active Active Active Active Active Pending

ADDRESS 28 Oyster Shell Lane 9 Angel Wing Drive 28 Dolphin Point Lane 22 Coopers Hawk Road 3 Teal Lane 6 Myrtle Warbler Road

VIEW Deep Water Sound Wooded Lagoon/Canal Golf Golf

LIST PRICE CLOSE PRICE $999,000 --$849,000 --$168,000 --$155,000 --$149,000 --$79,900 ---

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017

Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.

Year Over Year Prices by State WA 11.5%

VT (2.0%) ND 2.0%

MT 6.5%

TECH FOCUS

Extensive Domestic & Global Exposure (EDGE )

OR 8.8%

WY 2.3%

Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month

ID 5.0%

NV 9.6% CA 8.4%

UT 9.2%

AZ 10.0%

CO 8.5%

MN 6.2%

IA 3.6%

NE 6.1% KS 4.6% OK 4.0%

NM 5.4%

Let us provide the EDGE you need to sell your home. Contact the Jennings Team for a complimentary, no-obligation home valuation.

MI 7.9%

IL 3.9%

5.6%

KY 7.3% 8.7%

TX 7.1%

WV 1.1%

VA 4.6%

CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)

NC 6.0%

TN

SC 7.2%

AR 4.3% MS 1.9%

NH (6.6%) MA (7.4%) RI (7.3%)

PA 4.3% OH 5.9%

IN

MO 5.6%

AL 4.3%

GA 7.6%

FL 8.1%

AK 3.1%

< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%

Waiting to move may end up costing you more!

LA 4.4%

• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor

WI 6.8%

SD 5.7%

NY 5.8%

ME 7.2%

> 8.0%


THE STATE

Our international reach finds home buyers.

of the Hilton Head Plantation Real Estate Market Shell Streets, Dolphin Head and Ribaut Island

5

January 2018

Continents

33

KEY METRICS

Countries

750

+

2017 Year-End in Review

Shops

In Hilton Head Plantation, based on information for Shell Streets, Dolphin Head and Ribaut Island, 44 homes closed in 2017, compared to 42 at the end of 2016. January through December’s total dollar volume was $23.136M, with a total volume of $18.804M in 2016. Supply and demand: as of January 3rd, 2018, there are 12 Hilton Head Plantation homes in the above sub-communities listed for sale with an average of 4.67 homes selling per month over the last six months. That translates into a 2.57-month supply, considered by industry experts to be an excellent seller’s market. There are eight homes under contract in these neighborhoods of Hilton Head Plantation. In the lot realm, two lots closed in 2017, compared to four in the previous year. There is one lot under contract at this present time.

9,000+

Advisors

International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 750 brokerages and 9,000 advisors in highly desirable markets including the United States, Canada and Europe. A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.

44

$392,500

96.48%

75

Total Sales

Median Price

Sale to List Price

Median Days on Market

Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors

At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Hilton Head Plantation real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.

Hilton Head Island Real Estate Market Overview ACTIVE LISTINGS ON HILTON HEAD ISLAND

We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them.

551

Please contact us to schedule a brief introductory meeting and complimentary home valuation.

YTD Hilton Head Island Home Sales

COMMUNITY SPECIALIST Douglas and Barbara Jennings are your Hilton Head Plantation Real Estate Specialists. Contact us for a complimentary

home valuation and discover how we can increase your property’s visibility both nationally and internationally through Engel & Völkers global real estate network, unique digital platforms, social media presence, and local market expertise.

Douglas and Barbara Jennings, Real Estate Advisors 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

Telephone • 843-940-7341 | 540-840-1133 Email • douglas.jennings@evusa.com barbara.jennings@evusa.com Website • www.jenningsteam.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.

JENNINGS TEAM

How’s the Hilton Head Island Real Estate Market Doing?

PRSRT STD US POSTAGE PAID Permit 73

Year

Number of Homes Sold

Median Price

2013

830

$486,00

2014

827

$486,000

2015

864

$525,000

2016

844

$525,000

2017

913

$550,000

Hilton Head Is., SC

The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate on the Island.

This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 10, 2017. 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.

JENNINGS TEAM

The State of the Hilton Head Plantation Real Estate Market - January 2018  

This January 2018 Hilton Head Plantation real estate market report shows how the Hilton Head Island - Bluffton real estate market is doing,...

The State of the Hilton Head Plantation Real Estate Market - January 2018  

This January 2018 Hilton Head Plantation real estate market report shows how the Hilton Head Island - Bluffton real estate market is doing,...

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