WEEKLY MARKET PULSE
by Chris Sanders, Client Market Advisor
January 5, 2015
Collins Group Realty is pleased to provide you with this week’s addition of Market Pulse; a “brief” report that identifies a few of the local real estate “highlights” from the prior week, in an effort to bring your attention to some of what specifically caught our attention.
- The first of January is typically associated with the highest volume of expired listings, and our market appears to have followed suit. Last week 154 properties (76 homes / 32 villas / 46 lots) fell off the local inventory radar, although we are expecting many of these listings to be re-introduced in the weeks and months to come.
- Balanced Activity: Last week the number of contracts written on homes was strong for a holiday week, and equally balanced between Hilton Head Island and the greater Bluffton markets. There were 23 homes placed under contract on the island and 24 contracts ratified in the combined neighboring “off island” markets. This is a slight momentum shift as Bluffton has dominated pending home sales in recent prior weeks. In addition to contracts on homes, an additional 16 villas and lot listings went into “pending status” last week, with Hilton Head dominating the villa market and Bluffton dominating the lot market.
- As expected, internet real estate shopping is up. As December came to a close, there was a 9% increase in visits to the Collins Group website when compared against last year with 12,141 visits in just the final two weeks of the month. Our website is updated in real time with the most current local market activity and includes helpful tools for both the buyer and seller. There are currently over 25,000 registered users taking advantage of this powerful tool. http://www.collinsgrouprealty.com
As always, thank you for choosing Collins Group Realty as your local real estate resource. Our team of professionals is available for you 24/7, and we are always honored and appreciative when we receive your referrals. Please call us anytime we can be of service! 843-341-6300.
Primary Data source: Hilton Head MLS (DATA IS BELIEVED TO BE ACCURATE BUT IS NOT GUARANTEED)