Hilton head island & bluffton reed news

Hilton Head Island & Bluffton

REEDNEWS

August 2013

COME ON DOWN!!

More and more people are making the choice to buy their new home or villa on Hilton Head Island! Inventories on homes, villas and lots are down from 2012 (please see 2nd Quarter Summary on the other side) and significantly down from 2008 levels.

Attractive prices and historically low interest rates are the impetus for the decline in inventory. History says that these prices and interest rates will not last…

Please give us a call if you would like to take advantage of the great opportunities!!

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P.O. Box 6125 • 11 Park Lane, Central Park • Hilton Head Island, South Carolina 29938 www.ExploreHHI.com • 843-686-9526 • 888-675-7333 (REED)

REEDNEWS Hilton Head Island & Bluffton

THRU END OF 2ND QUARTER SUMMARY: COMPARISONS & SUPERLATIVES HILTON HEAD ISLAND STATISTICS

BLUFFTON STATISTICS

Number of Active Listings (at end of June for given year) Homes Lots Condos # % Diff # % Diff # % Diff 2013 642 336 668 Prior Y ear (2012) 747 16% 378 13% 689 3% 5 Y rs. Ago (2008) 1,118 74% 435 29% 1,217 82% 10 Y rs. Ago (2003) 722 12% 360 7% 681 2%

Number of Active Listings (at end of June for given year) Homes Lots Condos # % Diff # % Diff # % Diff 2013 517 393 24 Prior Y ear (2012) 633 22% 441 12% 59 146% 5 Y rs. Ago (2008) 1,249 142% 737 88% 113 371% 10 Y rs. Ago (2003) 530 3% 407 4% 14 -42%

Number of Sales (at end of June for given year) Homes Lots Condos # % Diff # % Diff # % Diff 2013 399 89 414 Prior Y ear (2012) 373 -7% 62 -30% 469 13% 5 Y rs. Ago (2008) 295 -26% 17 -81% 239 -42% 10 Y rs. Ago (2003) 439 10% 114 28% 633 53%

Number of Sales (at end of June for given year) Homes Lots Condos # % Diff # % Diff # % Diff 2013 731 167 67 Prior Y ear (2012) 603 -18% 135 -19% 59 -12% 5 Y rs. Ago (2008) 446 -39% 52 -69% 20 -70% 10 Y rs. Ago (2003) 270 -63% 90 -46% 6 -91%

Average Sales Price (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $624,826 $259,854 $268,835 Prior Y ear (2012) $632,342 1% $219,352 -16% $226,232 -16% 5 Y rs. Ago (2008) $851,985 36% $431,675 66% $402,028 50% 10 Y rs. Ago (2003) $679,070 9% $271,536 4% $262,190 -2%

Average Sales Price (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $265,901 $89,998 $80,502 Prior Y ear (2012) $243,741 -8% $77,684 -14% $66,088 -18% 5 Y rs. Ago (2008) $301,501 13% $254,597 183% $138,537 72% 10 Y rs. Ago (2003) $290,794 9% $144,851 61% $145,929 81%

Median Sales Price (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $486,000 $101,000 $231,000 Prior Y ear (2012) $470,000 -3% $125,000 24% $184,600 -20% 5 Y rs. Ago (2008) $639,500 32% $295,000 192% $313,500 36% 10 Y rs. Ago (2003) $470,000 -3% $183,819 82% $200,000 -13%

Median Sales Price (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $224,000 $61,000 $61,000 Prior Y ear (2012) $205,000 -8% $45,000 -26% $50,000 -18% 5 Y rs. Ago (2008) $233,990 4% $168,000 175% $105,000 72% 10 Y rs. Ago (2003) $215,000 -4% $97,400 60% $147,000 141%

Most Expensive Sale (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $4,500,000 $3,600,000 $2,530,000 Prior Y ear (2012) $6,400,000 42% $2,400,000 -33% $1,350,000 -47% 5 Y rs. Ago (2008) $5,175,000 15% $3,750,000 4% $3,700,000 46% 10 Y rs. Ago (2003) $6,500,000 44% $3,400,000 -6% $2,037,500 -19%

Most Expensive Sale (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $1,450,000 $900,000 $445,000 Prior Y ear (2012) $2,500,000 72% $800,000 -11% $460,000 3% 5 Y rs. Ago (2008) $2,425,000 67% $2,200,000 144% $357,975 -20% 10 Y rs. Ago (2003) $2,500,000 72% $875,000 -3% $165,000 -63%

Least Expensive Sale (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $30,000 $2,500 $12,000 Prior Y ear (2012) $4,950 -84% $15,000 500% $10,000 -17% 5 Y rs. Ago (2008) $154,000 413% $35,000 1 300% $37,000 208% 10 Y rs. Ago (2003) $70,000 133% $8,000 220% $23,000 92%

Least Expensive Sale (thru current year qtr. end vs. entire prior years) Homes Lots Condos Price % Diff Price % Diff Price % Diff 2013 $49,500 $1 $30,000 Prior Y ear (2012) $40,000 -19% $0 -100% $27,000 -10% 5 Y rs. Ago (2008) $75,150 52% $25,000 2499900% $85,000 183% 10 Y rs. Ago (2003) $60,000 21% $18,000 1799900% $128,500 328%