Hilton Head Real Estate Market Update – Week of February 16th
By James Wedgeworth on February 25th, 2009Activity last week showed 88 new homes, 43 new villas and 32 new lots listed on the market.
As far as home sales, we had two go under contract in Sea Pines, two in Palmetto Dunes, one in Port Royal, two in Hilton Head Plantation, three in Palmetto Hall and one in Allenwood which is near the rec center.
As far as villa sales, we had one go under contract in Sea Pines, one in North Forest Beach, one in Shipyard, three in Palmetto Dunes, one in Hilton Head Beach and Tennis and one at Tabby Walk Villas.
We did not have any lots go under contract in Hilton Head MLS last week which is hard to believe.
It is good that we did have some homes sell last week but when you have 88 new homes coming on the market and only 11 selling, we are headed in the wrong direction.
There are some excellent properties available this time of year. I would encourage all of you if you have friends that NOW is a great time to buy. Please feel free to give us a call with any questions concerning your real estate needs.


