We saw 106 homes, 33 villas and 23 new lots come on the market last week.  Wow – that is a lot more inventory than we would like to see. 

The good news is that we did have 39 homes go under contract last week; 13 on Hilton Head Island 26 were in Bluffton. 

We had one lot sell in Belfair in Bluffton; lot sales continue to be slow. 

We had eight villas sell last week; one in Sea Pines, two in Forest Beach, one in Folly Field, three in Point Comfort and one in Tabby Walk.  Of the eight villas that went under contract, all eight were priced below $300,000.  The strength in the market seems to be in the lower price ranges.

Of the homes that sold, none sold over $2 million, one went under contract at $1.7 million, and the other two were right at $1,000,000.  Most of the sales were in the Bluffton area in the lower price range. 

What does this mean?  It means that there are some great opportunities out there if people have the ability to make a decision in today’s market.