Collins Group Realty's 2015 State of the Market Report | Page 3
a tale of
two towns
10 years!
You’ll likely join me in having a hard time believing
that it has been 10 years since the Hilton Head/Bluffton real estate market peaked with the highest number of sales on record…10 years…wow!
We’ve made some really good strides toward a
recovery, clearly establishing a bottom to our market,
bidding farewell to the preponderance of distressedsales, and actually building some impressive momentum in certain sections of the market.
That said, unlike the market-wide BOOM that we
experienced from 2000 to 2005, we are finding that our
market has become quite segmented with
buyer-demographics defining which market areas,
property types, and price-points are hot…and which
are not.
Somewhat akin to a mosaic, we are finding that to
understand what happened in our community’s real
estate market in 2014, we have to break the “picture”
down into smaller pieces, recognizing that while those
pieces all fit together, many of them look quite different from one another.
This distinction of market segments is increasingly
apparent at the macro level, where the 2014 real
estate markets on Hilton Head Island and in Bluffton
effectively resulted in a “tale of two towns.” The
primary driving factors for these two respective
markets have never been more distinct and different
than we witnessed this past year, as you’ll see in the
following pages of our comprehensive market report.
As always, I hope that you find our input
and insights on the local market to be
interesting and informative!
Happy reading…and know that we are
readily available via text/email/phone to help
in any way!
Best,
Chip
Chip Collins, Owner & Broker-in-Charge
Talk/Text: 843.384.0671
[email protected]
The information contained herein is based on data provided by Multiple Listing Service of Hilton Head Island, Inc (“HHIMLS”) for the period 01/01/2010 through 01/08/2015. HHIMLS
does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.
If your property is currently listed for sale, please pardon our proactive marketing approach. This is not a solicitation of your listing. We gladly work in full cooperation with all Hilton
Head Island area Realtors.®
State of the Market
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