Collins Group Realty's 2015 State of the Market Report | Page 4

state of the
hilton head island
market
2014 - A YEAR OF PATIENCE AND PROGRESS
by

Chip Collins, Owner & Broker-in-Charge

I’ve established relationships with 100’s of
amazing agents across the country, and as we
communicated throughout this past year, I
found myself admittedly envious as I heard
about their markets being “on fire” again.
Locations NOT NEARLY AS BEAUTIFUL
as Hilton Head Island have low inventory,
high demand, and are starting to
experience nice price appreciation…yet the
central thread of those locations is their
urban/high-density settings, which are
driven by a very different set of market
factors than here on HHI.
So…our time of price-appreciation and the
return of a SELLER’S MARKET is coming
– we just have to be a little more PATIENT
than any one of us would like to be!

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That said, 2014 presented some GREAT
PROGRESS for our market-place, including
the following:
State of the Market

• Significant reduction of DISTRESSED
INVENTORY (short-sales and foreclosures);
• Sound STABILIZATION OF
MARKET VALUES, ending the seemingly-interminable “drop from the top;”
• Significant INFRASTRUCTURE AND
ATTRACTION/AMENITY UPGRADES and
developments across the Island;
• Eased mortgage lending practices, yielding a
return of LENDING CONFIDENCE AND
MOMENTUM;
• The successful return of SPEC-HOME development & sales, something that disappeared for years;
• A sharp increase in ON-LINE BUYER
ACTIVITY, building the prospect pipeline; and,
• Demonstration that there are significant numbers
of ready, willing, able, and wealthy CASH BUYERS!