Hilton Head Island & Bluffton

REEDNEWS

August 2013

COME ON DOWN!!
More and more people are making the choice to buy their new home or villa on Hilton Head
Island! Inventories on homes, villas and lots are down from 2012 (please see 2nd Quarter Summary on the other side) and significantly down from 2008 levels.
Attractive prices and historically low interest rates are the impetus for the decline in inventory. History says that these prices and interest rates will not last
Please give us a call if you would like to take advantage of the great opportunities!!

Check us out on

Real Experience. Real Results.

P.O. Box 6125 11 Park Lane, Central Park Hilton Head Island, South Carolina 29938
www.ExploreHHI.com 843-686-9526 888-675-7333 (REED)

REEDNEWS
Hilton Head Island & Bluffton

THRU END OF 2ND QUARTER SUMMARY: COMPARISONS & SUPERLATIVES

HILTON HEAD ISLAND STATISTICS

BLUFFTON STATISTICS

Number of Active Listings (at end of June for given year)

Homes
Lots
Condos
#
% Diff
#
% Diff
#
% Diff
2013
642
336
668
Prior Y ear (2012)
747
16%
378
13%
689
3%
5 Y rs. Ago (2008)
1,118
74%
435
29%
1,217
82%
10 Y rs. Ago (2003)
722
12%
360
7%
681
2%

Number of Active Listings (at end of June for given year)

Homes
Lots
Condos
#
% Diff
#
% Diff
#
% Diff
2013
517
393
24
Prior Y ear (2012)
633
22%
441
12%
59
146%
5 Y rs. Ago (2008)
1,249
142%
737
88%
113
371%
10 Y rs. Ago (2003)
530
3%
407
4%
14
-42%

Number of Sales (at end of June for given year)

Homes
Lots
Condos
#
% Diff
#
% Diff
#
% Diff
2013
399
89
414
Prior Y ear (2012)
373
-7%
62
-30%
469
13%
5 Y rs. Ago (2008)
295
-26%
17
-81%
239
-42%
10 Y rs. Ago (2003)
439
10%
114
28%
633
53%

Number of Sales (at end of June for given year)

Homes
Lots
Condos
#
% Diff
#
% Diff
#
% Diff
2013
731
167
67
Prior Y ear (2012)
603
-18%
135
-19%
59
-12%
5 Y rs. Ago (2008)
446
-39%
52
-69%
20
-70%
10 Y rs. Ago (2003)
270
-63%
90
-46%
6
-91%

Average Sales Price (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$624,826
$259,854
$268,835
Prior Y ear (2012) $632,342
1%
$219,352
-16% $226,232
-16%
5 Y rs. Ago (2008) $851,985
36%
$431,675
66%
$402,028 50%
10 Y rs. Ago (2003) $679,070
9%
$271,536
4%
$262,190
-2%

Average Sales Price (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$265,901
$89,998
$80,502
Prior Y ear (2012)
$243,741
-8%
$77,684
-14%
$66,088
-18%
5 Y rs. Ago (2008)
$301,501
13%
$254,597 183% $138,537
72%
10 Y rs. Ago (2003) $290,794
9%
$144,851
61%
$145,929
81%

Median Sales Price (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$486,000
$101,000
$231,000
Prior Y ear (2012) $470,000
-3%
$125,000
24%
$184,600 -20%
5 Y rs. Ago (2008) $639,500
32%
$295,000 192% $313,500
36%
10 Y rs. Ago (2003) $470,000
-3%
$183,819
82%
$200,000 -13%

Median Sales Price (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$224,000
$61,000
$61,000
Prior Y ear (2012)
$205,000
-8%
$45,000
-26%
$50,000
-18%
5 Y rs. Ago (2008)
$233,990
4%
$168,000 175% $105,000
72%
10 Y rs. Ago (2003) $215,000
-4%
$97,400
60%
$147,000 141%

Most Expensive Sale (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$4,500,000
$3,600,000
$2,530,000
Prior Y ear (2012) $6,400,000 42% $2,400,000 -33% $1,350,000 -47%
5 Y rs. Ago (2008) $5,175,000 15% $3,750,000 4% $3,700,000 46%
10 Y rs. Ago (2003) $6,500,000 44% $3,400,000 -6% $2,037,500 -19%

Most Expensive Sale (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$1,450,000
$900,000
$445,000
Prior Y ear (2012) $2,500,000 72%
$800,000 -11% $460,000
3%
5 Y rs. Ago (2008) $2,425,000 67% $2,200,000 144% $357,975 -20%
10 Y rs. Ago (2003) $2,500,000 72%
$875,000
-3%
$165,000 -63%

Least Expensive Sale (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$30,000
$2,500
$12,000
Prior Y ear (2012)
$4,950
-84%
$15,000
500%
$10,000
-17%
5 Y rs. Ago (2008) $154,000 413%
$35,000 1 300% $37,000
208%
10 Y rs. Ago (2003) $70,000
133%
$8,000
220%
$23,000
92%

Least Expensive Sale (thru current year qtr. end vs. entire prior years)
Homes
Lots
Condos
Price
% Diff
Price
% Diff
Price
% Diff
2013
$49,500
$1
$30,000
Prior Y ear (2012)
$40,000
-19%
$0
-100% $27,000
-10%
5 Y rs. Ago (2008)
$75,150
52%
$25,000 2499900% $85,000
183%
10 Y rs. Ago (2003)
$60,000
21%
$18,000 1799900% $128,500 328%