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Summer 2010 Market Update
Market Commentary Provided byJim Young This is a Golfing beach and Tennis paradise. You need to see it to believe it! |
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| Average Home Price | $500,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $500,000 - $549,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Hilton Head Island is | Increasing |
| Seller Activity for the past 90 days in Hilton Head Island is? | No Change |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | I can secure financing up to 1.5 Million . Obviously conditions apply but it can be done |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Hilton Head Island! |
| Nearest Metro Area | Southern South Carolina |
| Housing Hot Spots | Hilton Head Plantation, Sea Pines Plantation, Palmentto Dunes, Wexford. |
| Average Sold Price | $500,000 - View Graph Trend |
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Jim Young
ERA Evergreen |
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