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Inside this Issue: 

10 Most Tax Friendly States for Retirees

Buy vs. Rent

Hilton Head island Quick Facts

Best Buys on Island

Housing Shortage?

Freddie Mac and Fannie Mae Makes Changes

Good Investments

What’s New on Flood Insurance

Palmetto Bluff Sales Top $16M

Hilton Head Leads State In Real Estate Sales

Spring Calendar of Events

Contact The LaCoe Team Allan Lacoe—843.422.0434 Gloria LaCoe—843.422.0433 info@LaCoeTeam.com www.LacoeTeam.com

Come on Down to the 10 Most Tax Friendly States for Retirees - South Carolina #7 Most of the top 10 most tax-friendly states are in the south – with South Carolina coming in at number seven and our neighboring state of Georgia as number five. Rounding out the top 10, which impose some of the lowest taxes on retirees in the US, reported by Kiplinger’s Personal Finance, include 1 – Alaska, 2 – Nevada, 3 – Wyoming, 4 – Mississippi, 6 – Alabama, 8 – Louisiana, 9 – Delaware, and 10 – Pennsylvania. Top three least friendly? 1 – Connecticut, 2 – Vermont, 3 – Rhode Island. So come on down! For more information, go to www.kiplinger.com/tools/retiree-map.

Buy vs. Rent and Save Money! Buying a home is 45% cheaper than renting, on average, per economist Jed Koko at Trulia, Inc. The comparison includes costs such as mortgage payments and taxes versus rent payments. For more information visit, http://info.Trulia.com/ RentvsBuy-Summer2012

Housing on Hilton Head Island Quick Facts As reported by the Hilton Head Area Association of Realtors, which the LaCoes are members and Gloria was just selected on the board, 2012 was largely a year of recovery for housing across the nation. New listings in the Hilton Head region decreased 11.6%, pending sales were down 2.2%, inventory levels shrank nearly 20%. Prices rallied higher with the median sales price increasing 3.6%, and days on the market was down 18.6%. Economic growth

is on an upward trend and several prominent housing indices continue to showcase market turnaround. What does this mean? It means it’s a great time to buy on Hilton Head Island! Visit www.LaCoeTeam.com or call us at 843.422.0433 to schedule a time to visit. We also love referrals. Please tell your family and friends!


Best Buys from The LaCoe Team 14 Sparkleberry. This oceanfront, four-bedroom, three-bath home, on a 70' wide lot with a two car garage is ready for you to move in. Complete with furnishings, elevator and a swimming pool, this gem is under $1 million and near Westin Oceanfront Resort. 653 Queens Grant. This nearly 2,000 sq. ft. threebedroom, 2.5 bath model is a bright, light end unit with golf and lagoon views from the large private deck. Priced to sell at $309,000, with updated kitchen, floors, and A/C, this won’t last long in the prestigious Palmetto Dunes Resort. Enjoy all the amenities including the three mile beach and 11 mile lagoon system. Your Opinion Counts If you are looking for real estate information, have questions or ideas that you think would be beneficial to us to include in our newsletter, please contact us at info@LaCoeTeam.com. Look for your questions in our quarterly newsletter as you can help us help others in their real estate investments. Thanks for your participation!

19 Oyster Bay Place. Imagine living in a 4,000+ sq. ft. home with four bedrooms (master on main), three full baths, and 2 half baths on Hilton Head Island. The home boasts a formal living room, dining room, huge granite top island kitchen opening to a bright Carolina room and a keeping room. The home, which overlooks the 18th green of the Oyster Reef Course and has water lagoon views, is listed at $629,000.

7310C Harbourside III. Own a piece of Hilton Head real estate for just $52,000! This unit is in the nicest quartershares on Hilton Head with two bedrooms and two baths and over 1,200 sq. ft. Come enjoy all the amenities of Palmetto Dunes.

Housing Shortage? According to a recent issue in Realtor magazine, the market is looking much improved today, with home sales and prices heading up. But within this improvement are the seeds of a longterm challenge: falling inventories. The inventory of existing homes is at its lowest level in seven years, while newly constructed home inventory has hit a 50-year low mark. Falling inventory is causing home prices to shoot up higher and faster than most analysts anticipated. Another reason to buy now!

Freddie Mac and Fannie Mae Makes Changes – It’s About Time! Freddie Mac and Fannie Mae are making some changes in 2013 and we say it’s about time! Now to be able to get a mortgage you have to show you can afford it, pay for the utilities, insurance, and other expenses. This is a good thing! For more information on the Dodd-Frank Wall Street Reform and Consumer Protection Act, visit the summary at http://banking.senate.gov/public/_files/070110_Dodd_Frank_Wall_Street_Reform_comprehensive_summary_Final.pdf .


Good Investments

Kiplinger’s columnist James K. Glassman says home sales are moving in the right direction, but still have a way to go to be close to “normal.” Glassman offers several indirect investing suggests: Home-improvement stocks, such as Home Depot (HD) and Lowe’s Companies (LOW) will shine in a housing boom but will also do well as home owners perform maintenance on residences they can’t sell. Among exchange-traded funds, Glassman likes SPDR S&P Homebuilders (XHB); it’s loaded with companies that support the housing sector, such as Lennox International (LII), A.O. Smith (AOS), and Mohawk Industries (MHK). It also holds his favorite homebuilder, NVR.

What’s New on Flood Insurance Because of The Flood Insurance Reform Act of 2012, we will see some changes this year with flood insurance. It will be rising in some areas. To stay on top of where and when, contact us at info@LaCoeTeam.com for more information.

Upcoming Hilton Head Events

Palmetto Bluff Sales Top $61M

Palmetto Bluff, near Bluffton, is touting a banner year, with real estate sales topping $61 million. That breaks down to 142 transactions in 2013, more than 80% of which were lot sales. The rest were new and custom homes. The high-end residential sales are making a post-recession comeback, particularly in communities such as Palmetto Bluff where buyers can pick their lots and build to suit their tastes. For more information on the beautiful community of Palmetto Bluff, visit http://www.palmettobluff.com/

Visit The Westin on Hilton Head Island for only $99 Night While you’re here looking for your dream home on the island, let us help you book your stay at the beautiful oceanfront Westin Resort and Spa at rates starting as low as $99 per night. Call us at 843.422.0433 for more information.

HILTON HEAD REAL ESTATE Continued from back page

March 3 – Cooks and Books, The Westin March 13, 27 and April 10 – Chef’s Table – Culinary Arts Center at Hilton Head Health April 5 – Farmer’s Market – Historic Honey Horn (start date ongoing on Fridays) April 12 – American Cancer Society Relay for Life April 15 – 21 – RBC Heritage PGA Golf Tournament on Hilton Head Island ww.RBCHeritage.com April 28 – 13th Annual Juried Art & Craft Show – Historic Honey Horn May 4 – Hilton Head Humane Association Beach Walk May 18 – 4th Annual Hilton Head Island Art Festival Shelter Cove

Harbour

According to local market data, some segments of our market are now experiencing appreciation, and this trend is beginning to show signs of spreading. What is driving this turnaround? The great recession caused home prices to spiral 40% or more from the peak levels in 2005. Today’s historically low interest rates means a qualified borrower is now looking in the range of $450.00 per month payment, per $100,000 borrowed on a 30 year fixed mortgage. Lower prices, combined with low mortgage rates, has greatly expanded the number of prospective buyers with growing confidence that values may have finally hit bottom. So far, 2013 is off to a rapid start, sales are brisk and listings being shown at a pace far ahead of expected this time of year. For the first time in years, we are seeing multiple offers and even full price being paid for certain properties. The message is loud and clear, the real estate market in the Hilton Head area is alive and well with renewed buyer confidence. Don’t miss this opportunity, the best bargains are going fast!


The Alliance Group Reality 890 William Hilton Parkway, Suite 33 Hilton Head Island, SC 29928

Use your Smart Phone or Quick Code Reader on your Iphone to get the most upto-date information on the Hilton Head Island real estate Market. Allan Lacoe—843.422.0434 Gloria LaCoe—843.422.0433 Info@LaCoeTeam.com www.LacoeTeam.com

Hilton Head Island Leads State in Real Estate Sales – Why??? The real estate market in the Hilton Head area continues to strengthen at a faster pace than expected. In fact, it’s ranked number one in the entire state of South Carolina, and is out performing many areas across the country. According to local MLS statistics, Hilton Head finished 2012 with over 3,300 sales. With the number of properties for sale dropping to under 2,400, we now have 600 fewer listings than we had a year ago. The numbers show 22% more sales, and 19% less inventory, indicating a transition from a buyer’s market to a seller’s market is underway. This transition also signals the turning point from declining prices toward the stabilization of values buyers have been waiting for.

Please see HHI REAL ESTATE on page 3

Best Buys on the Island 4 Bedroom Oceanfront Only $995,000! Imagine living in a large oceanfront home with a pool for under $1 million. Or a condominium for $52,000. Please see page two inside for some of the best buys on Hilton Head Island from The LaCoe Team. Please see BEST BUYS on page 2 Listing courtesy of Charter One Realty & Marketing/HHMLS IDX


LaCoe Team Real Estate - Spring 2013 Newsletter