Good news! In April 2009 we had more home and villa sales on Hilton Head Island than we did in April 2008. You have to go back a long time to find a situation where we had more sales than the same month the year prior. We had 69 home sales in April of 2009 [...]
Availability of Capital
By James Wedgeworth on May 6th, 2009One of the major influences on the Hilton Head Island real estate market is availability of capital through loans. We have recently seen a situation where most banks are not making lot loans. The few banks that are making these loans are requiring that you build within a year and use them for the construction [...]
Realistic of Negative
By James Wedgeworth on May 1st, 2009A client recently called about listing his villa; I was up front and told him what was on the market and that the real estate market was very slow and if he would want to sell he would need to price the villa at a price it would sell. I noticed sometime later that the [...]
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