A guide to Hilton Head Island and Bluffton area real estate, rentals and lifestyle
Issue link: https://www.e-digitaleditions.com/i/1020503
Bring some joy to your inbox. Sign up now to receive our free e-newsletter every month. Each month our newsletter comes straight to your email with great articles, home tips and links to Hilton Head vacation rentals, real estate and more. Plus, sign up for your FREE Lowcountry Living & Real Estate Online Magazine to see available real estate off erings in the Hilton Head area. Sign up for both at hiltonhead360.com! Hilton Head Area Association of Realtors ® Fall Selling Season With the start of a new school year, September ends the summer holiday and signals everyone to fall back into a routine. What does this mean for our area real estate market? Traditionally most people think that summer is the busy selling season, while that may be true for many parts of the country, the fall brings many potential buyers into our area. During the summer months, many properties on the market have limited showing time due to the vacationers renting week to week. In some cases, it will limit the viewing time to "turn day" from 10:00am – 2:00pm. With more available showing time, sellers will increase the chance of selling. Fall is also when vacationers return after enjoying a superb holiday and begin to consider investing in a vacation home or rental property. People up north will start to feel the chill in the air before you know it and realize winter is right around the corner. Just another season of slush, shoveling and snow will send potential buyers into the area. And with virtual offices, you can live where there is the highest quality of life and no snow! As the children study their reading, writing and arithmetic, grandparents may be studying their financial portfolio and be heading to the lowcountry to purchase their retirement home. As we move into fall, consumer spending on home renovations is up and more people are moving into the workforce. As of the end of July, closed transactions for the region was up 14.5 percent over the last 12 months and the median price was up 2.8 percent year-to-date. The mainland shows the strongest area of closed transaction up 14.2 percent year-to-date. Inventory remains the main topic with only 5 months supply. As always, each neighborhood is different, work with a Realtor to know and understand the value of your property. REALTOR® is a federally registered collective membership trademark which identifies a real estate licensee who is a member of the National Association of REALTORS® and subscribes to its strict written Code of Ethics. Jean Beck Executive Vice President 26