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November 2016 Hilton Head/Bluffton Market Report

December 14, 2016

Merry Christmas and Happy Holidays from Hilton Head Island!

There’s always something pretty special about the holidays on HHI…I think it’s the ironic mix of twinkle-lights in the landscaping amid 60-70 degree temperatures and bright blue skies.   In any event, things are great in the Lowcountry, and we all are looking forward to a great celebration of the holidays.

The market is also exhibiting signs of light and warmth, with a 30% increase in Closed sales for November 2016 over the same month a year ago!  This carried with it a nice increase in the average and median sales price of properties sold: 11% and 3.5%, respectively.    Naturally, the storm extended the average days on market, which shot up 6.8% over last year for the month of November…BUT…it’s down 6% for the year overall compared to 2015!

So, in all…we continue to see very positive signs/trends in the overall marketplace, and we are looking forward to what the holiday-weeks will bring in terms of market activity.   And, of course, we always see a nice boost to the market at the start of each year – so we are gearing up for an active January!

From all of us, please accept our best wishes and blessings to you and your family for a truly-relaxing and enjoyable holiday ahead!

We’re here to help at any time, and we are so grateful for the opportunity to serve your real estate needs here in the Lowcountry!

Chip

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