Lowcountry Living & Real Estate

LLRE/JanFeb2018

A guide to Hilton Head Island and Bluffton area real estate, rentals and lifestyle

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BCRE. taustinspr@aol.com Tommy Austin 843-384-7033 181 TWIN OAKS VILLA - SHIPYARD 8 BELTED KINGFISHER Diann Wilkinson 843-671-2587 Take advantage of on-going vi- sual gifts from the beach near 8 Belted Kingfi sher. Families love this area: easy stroll to South Beach Marina, Salty Dog, res- taurants, shops. Great location. Build your dream home here. Property being sold "as is," in- cluding CL 100. Owner is OSCREA. MLS #364990. $729,000 UF Diann Wilkins –A Trusted Name in Real Estate A PRIME BEACHSIDE LOCATION IN SEA PINES. . . hiltonheadbill@yahoo.com Bill Buryk 843-422-4431 3 LONG MARSH LANE - SEA PINES VIEWS FROM SUNRISE TO SUNSET!! Private Marsh Island location, complete designer renovation in 2014. 3 BR, 3.5 BA on cul-de-sac. Open fl oor plan with hardwood & tile fl oors. Gourmet kitchen with top of the line appliances, bar, over-sized attached garage, 2 decks, multiple gardens. Stunning! $1,299,000 yeanancy@yahoo.com Nancy Cunningham 843-683-4580 729 SCHOONER - SEA PINES Direct waterfront CALIBOGUE SOUND view! Huge grass backyard with bulkhead for crabbing & fishing. Walk to Harbour Town amenities, restaurants, rentals, tennis, pool, HT Golf Clubhouse. Nightly entertainment & free beach trolley. 1441 sqft 2 BR, 2 1/2 BA spacious townhouse, overlooking a waterfront patio and designer furnished with updated kitchen & baths. $539,000 F. LynneRiggsAnderson@gmail.com 61 S SEA PINES DRIVE - SEA PINES Close to the beach with water views! This oversized lot (.40 acre) 125' ft of lake frontage overlooking Sprunt Pond, a large saltwater lagoon. Build brand new and bike or walk on private paths to the Atlantic Ocean. Close to Tower Beach Club and all the popular attractions at South Beach Marina. Property is cleared, with beautiful southeastern, sunrise exposure on the lake side. $599,000 Lynne Anderson 843-384-5426 23 ISLE OF PINES - SEA PINES The coolest home for sale in Sea Pines at an awesome BELOW APPRAISAL price! Completely remodeled in 2014, light, bright 4BR/3.5BA cottage. 2 master suites, one downstairs and one up, large kitchen w/ granite counters and wood beams, hardwood beach-chic floors, high ceilings, fireplace, spacious sunroom, new carpeting, new HVAC, new drywall, private sparkling spa and gorgeous landscaped brick courtyard. Golf and lagoon views of Sea Pines Country Club's 10th hole–walk to the new pool and pub! A must-see home! $599,000 Life Member: Millon Dollar Club Happy 2018! Out with the old and in with the new is the mantra as a brand new year kicks everyone into high gear. Home searches and real estate activity will also catch fi re, according to Trulia, so here's a tip: Prices for all categories of homes drop to their lowest list prices of the year during January. While that may be great news for Buyers, if you're looking, act fast - this is only a month-long phenomenon. As you pack up the stockings, sweep up the confetti and search for the perfect place at the beach, peruse these TOP TEN REAL ESTATE PREDICTIONS & TRENDS for 2018 to know what to expect. 1. Inventory shortages will continue to drive the market in the fi rst half of 2018. According to analysts at Zillow, in most markets "inventory of homes for sale has become so tight that housing is now a game of musical chairs." ere are 12 percent fewer homes to choose from nationwide than there were a year ago. 2. Low inventory in turn favors a Sellers market. Homes may sell faster than they did in 2017, and at higher prices. For the 12-month period spanning December 2016 through November 2017, pending sales in Hilton Head were up 12.6 percent overall. 3. Remodeling will boom. Concerned about a limited market if they sell, many homeowners may choose to remodel instead of moving, which in turn, worsens the inventory challenge. 4. Mortgage rates will climb. Data suggests a standard 30-year loan is predicted to hit 4.3% and higher. 5. Home prices will continue to go up, but at a slower pace than 2017, according to analysts at at Realtor.com. Nationwide, prices are expected to climb 4.1% in 2018, while normal annual appreciation is closer to 3%. But on Hilton Head, an island with highly desired and limited inventory, the price range with the largest gain in sales was the $375,001 to $650,000 range, where they increased a whopping 22% from the year prior. 6. e home market in the South is hot hot hot, and will continue its solid growth curve. Southern markets could see 6% growth due to strong economic growth, an inviting attitude toward builders and a comparatively low cost of real estate and living in general. And, the Southern coastal areas are even hotter. 7. Bigger is not better anymore. McMansions are out and more modest homes are in. Retiring couples don't want the overhead and extra work and new millennial and fi rst-time homeowners can't aff ord it. 8. Build it and they will come. Bullish construction will bring new homes to the market, i.e., have you seen the Blu on corridor lately? Adding inventory may lighten the tight inventory crisis but it will take a few months to play catch up. 9. e super tight home inventory market will ease up during the second half of 2018. Due to new construction, and Sellers wanting a piece of the action, Buyers should see more properties to choose from, but it won't be until late in the year. 10. Can you say tax reform and no more interest deductions? As it's presently written, the tax reform bill could take a toll on the national market due to a signifi cant reduction in home tax deductions. As we go to press, this federal tax reform bill is in play. While this is not good news for the national market, it is primarily high tax areas that could be signifi cantly impacted. South Carolina has relatively modest taxes and experts believe living or retiring near the beach will prevail, and the race to the coast will continue. Looking to Buy? Ready to Sell? Read These TOP 10 REAL ESTATE Predictions for 2018 BY LYNNE ANDERSON, SEA PINES REAL ESTATE AT THE BEACH CLUB 36 Beautifully renovated and designer decorated 3 BR/3 BA villa furnished with French & Swedish Antiques. Fantastic views of Harbour Town golf course 10th & 16th holes and Calibogue Sound. All bathrooms completely renovated. Walk to Harbour Town, bike to the beach. Very strong rentals averag- ing close to $60,000/year the last 3 years. $799,000

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