July 2017 Hilton Head/Bluffton Market Report

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    Happy (and HOT) August!

    Yes, it finally got officially and impressively HOT here on HHI this past week, with some heat index readings hitting the triple-digits. But that hasn’t slowed things down a bit – either in the real estate market or in the vacation rental market. It’s been a busy and exciting summer, and the whole area just has a great buzz to it these days!

    July’s Pending sales were up 24% over July of last year, pushing the year-over-year figure to 14% ahead of 2016! As a result, we are expecting some impressive closing figures to take place in the remaining part of 2017, and the future outlook is very positive.

    Meanwhile, the overall inventory levels have dropped significantly, leaving fewer and fewer choices than the market has been accustomed to over the past many years. This is resulting in some properties selling quickly, with multiple-bid scenarios continuing on the rise.

    We’ve recently added 3 amazing new team members: Taylor Brunn (our Mainland Office Manager), Fred Hogshead (Mainland Specialist), and Dom Hayes (Mainland Specialist)…pushing the Group to over 25 outstanding professionals deeply committed to their trade!

    Here’s hoping you have a great balance of August, and that any back-to-school experiences in your family are smooth and enjoyable!

    All our best –

    Chip

     


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