December 2017 Hilton Head/Bluffton Market Report

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    Happy New Year…and happy WINTER!

    I know that no matter where you are reading this, it’s probably been a lot colder than you may like or have been used to.

    For us in the Lowcountry, seeing ice and snow has been otherworldly, and I’m pretty sure no one wants to see it here again anytime soon.  We just don’t DO snow and ice here…so it’s better off staying in locations that enjoy and benefit from it. 😊

    December 2017 showed a 44% increase in new pending sales, giving a nice starter-boost to what we can expect here in 2018. Average and median sales prices were both up, and we are seeing a positive trend in the month’s supply of inventory as well. In fact, December pending sales were the highest they’ve been in 13 years.

    We’ll soon deliver a comprehensive 2017 Market Report to your email boxes where you’ll see that 2017 overall was a good year for our market. Keep an eye on your inbox for that.

    In all, we are looking for 2018 to be more of the same in terms of a good, robust marketplace, despite the tax law changes.  The bigger factors of homeownership, lifestyle, living by the ocean, enjoying our natural beauty here, etc. should far outweigh most concerns about deductions, etc.   That’s our thought and hope, at least…

    So, here’s to a wonderful year for you ahead, and, as always, please accept our genuine THANK YOU for the opportunity to serve as your real estate service provider here in the beautiful Lowcountry of South Carolina.

    Oh…by the way…did you know that we serve the Beaufort area as well, and that we may soon be serving the Charleston, SC market, too?   Let us know if we can be of assistance to you or someone you know in those marketplaces…thanks!

     

     

    Best-

    Chip


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