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    Welcome to the Collins Group Realty January 2013 Market Update

    February 25, 2013
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    Hi!

     

    Things are cranking here in the Hilton Head area marketplace…and it’s been a lot of fun – even hectic at times!

    Most of the data we are reading on the national-front suggests that 2013 is the “bottom year” – a time when values overall stabilize, which is long-overdue.  Some areas, including spots in California and elsewhere, are starting to see prices climb again, which will be a welcomed site in the not-too-distant future for our local market here in HHI/Bluffton.

     

    This month’s Market Pulse shows a spike in new listings coming on the market, which is typical for this time of the year…and many of the new listings are getting “covered up” with showings and offers early on – a GREAT sign for market trends.

     

    We may very well be sitting in the PERFECT STORM buying environment this Spring: decent (but narrowing) inventory, strong buyer activity, excellent mortgage rates, amazing rental markets…what more could a buyer ask for?

     

    So, keep your eyes/ears out because investors are heading back into the marketplace.   We are seeing spec-home builders buy lots, long-term rental properties sell quickly, and some of the lower-end rental properties actually increase in value.  It seems a matter of WHEN, not IF, the market will find it’s “bottom-point” in 2013.

     

    Keep us posted on how/when we can be of assistance to you!  Our goal is to earn “Excellent” ratings, and we work hard for that every day with every client!

     

    Thanks…and happy reading!

     

    Best-

    Chip

     

     

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