Thursday, May 13, 2010

Hilton Head Island/Bluffton Real Estate Sales

Sittin' on the dock of the bay...
Watchin' the property sell away.
Contrary to what you hear from the mainstream media, regarding the real estate market, real estate sales here on Hilton Head Island and Bluffton are doing extremely well. Not only are properties being shown at a rapid pace but contracts are being written and properties are selling!!! The first quarter of 2010 has seen quite a rise in SOLD property vs the first quarter of 2009. See sales numbers below:
HOMES
Hilton Head - UP 42%
Bluffton - UP 22%
VILLAS
Hilton Head - UP 81%
Bluffton - UP 700%
LOTS
Hilton Head - UP 370%
Bluffton - UP 29%
As you can see real estate is selling on Hilton Head Island and Bluffton. Traditionally Hilton Head Island real estate has been one of the last to feel any hit in the market and one of the first to recover. It appears history is repeating itself and we are coming out of this drop in the market. If you have been waiting for that once in a lifetime buy you might have waited to long. However, if you could get the second or third best deal in the past 10 years wouldn't you take it?
Recessions, like the one we are experiencing, are a time when the old way of doing things are dropped and new ways are developed. This presents an ideal time for savvy buyers to take advantage of market conditions and real estate here on Hilton Head Island and Bluffton. We experience a recession in our country approximately once every 11 years. In the past those that have purchased real estate here on Hilton Head Island and Bluffton have done very well. Not only monetarily but with the countless memories they have enjoyed with their families while visiting/living in the area. For investors, prices have not been this low in ten years and because of our limited inventory and steady demand sales and ultimately values rise.
If you were debating whether to jump back into the real estate market on Hilton Head Island and Bluffton or have been contemplating whether to wait or BUY NOW, don't wait any longer. Now is the time to move on with your life and start to enjoy what you have worked so hard for. Don't be caught on the dock of the bay, watching the real estate sell away.

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