As recently covered by the Wall Street Journal, many more people are deciding to turn their vacation homes into their full-time residences. Citing quality of life, family time, nature and the ability to unplug as reasons to move their families full-time to what were traditionally second-home and resort markets.
The housing market on Hilton Head is hot. The MLS of the island reported 2017 as its busiest year yet, with $3.85 billion in property transactions and an 11.5% increase in properties sold year-over-year from 2016 to 2017. And things are not slowing down in 2018.
Housing prices have yet to reach pre-recession levels in Hilton Head Island, making now the ideal time for buyers to invest. Primary home buyers and savvy investors are quickly realizing this and the percentage of homes being sold is going up every year. With this demanding market prices are coincidingly on the rise. For the month of June, median sales prices for single-family homes have risen 6.9% between 2017 and 2018 with the number of homes being sold increasing 19.4%. Click the following link for a full June 2018 market report. https://hhrealtor.com/portfolio_page/june-2018-market-reports/
If you have been thinking about making Hilton Head Island or nearby Bluffton your permanent residence, now is the time. Start doing your research, plan a vacation, fall in love, or simply contact a Native Islander Group Realtor today! Dreams are being found every day in the Lowcountry.