We just listed a fantastic home in Hilton Head Plantation at 33 Dolphin Point Lane which is directly on the water with spectacular views.  Click here for additional information on 33 Dolphin Point Lane or watch the virtual tour below.

Spring is here on Hilton Head Island and there are a lot of things going on in the real estate market.  Here is a quick snapshot of what has happened during the first quarter of 2010 in the Hilton Head Island Real Estate market. 

We have had 393 sales on Hilton Head Island from January 1, 2010 through March 31, 2010 (homes, lots and villas).  Area sales are as follows:

Sea Pines Plantation – 41
Forest Beach - 55
Shipyard – 16
Wexford Plantation - 7
Long Cove Club – 3
Palmetto Dunes/Shelter Cove – 50
Folly Field – 20
Port Royal Plantation – 4
Hilton Head Plantation - 60
Palmetto Hall Plantation – 11
Indigo Run Plantation – 18
Spanish Wells - 3
Windmill Harbour – 10
Off Plantation – 95

During this same time period last year there were only 219 sales – so we have seen quite an increase in activity.

I was recently talking to another Hilton Head Island Realtor who showed me a mailing that another Realtor had mailed out to Hilton Head Plantation.  In this particular mailout, this Realtor was proclaiming that they were the “Hilton Head Plantation Specialist”. 

After looking in MLS, we soon found out that this Realtor had not even sold one property in Hilton Head Plantation - it made us wonder how they came to the conclusion that they were a “Hilton Head Plantation Specialist”.  It is hard to call yourself an expert in a market when you have not even made one sale in that particular area. 

The truth is, in advertising, people  say almost anything they want – but that does not necessarily make it true. 

I believe that you become a “real estate specialist” in a certain area by producing.  I consider myself to be an Island Club Villa specialist because I have been involved in over 150 transactions in the Island Club - I know that area, Iknow the amenities, I know the amenities and I know the disadvantages.   

If you needed heart surgery, would you go to a regular doctor, or would you want to find a “heart specialist” who has performed s surgery often and has had good results? 

I think this works the same in real estate, if you want to get your property sold, do you list with just anyone, or do you find your “real estate specialist” who has listed and sold lots of property and can show you results.

One of the agents in the office was showing me the numbers this morning concerning home sales in different areas.  They are as follows:  Sea Pines Plantation – 121, Forest Beach - 18, Shipyard – 7, Wexford – 15, Long Cove - 10, Palmetto Dunes - 45, Folly Field – 5, Port Royal - 35, Hilton Head Plantation - 164, Palmetto Hall - 14, Indigo Run - 37, Spanish Wells - 4, Windmill Harbour - 12, Off Plantation – 63 for a total of 516 sales. 

Villa sales were as follows:  Sea Pines Plantation - 61, Forest Beach - 120, Shipyard – 42, Palmetto Dunes - 98, Folly Field – 53, Hilton Head Plantation - 7, Hilton Head Off Plantation – 124, Windmill Harbour - 1, and Indigo Run - 4 for a total of 510 sales. 

Unfortunately, there were only 47 lots sold on the island during 2009. 

The total home sales volume was $399,000,000, villa sales volume was $133,000,000 and lot sales volume was $20,000,000 for a total of $552,000,000 in sales.

Last week we had 100 homes, 36 villas and 25 lots come on the market in all of Hilton Head Island MLS. 

Of the homes that just came on the market on Hilton Head Island, 14 were in Sea Pines Plantation, one in Forest Beach, one in Shipyard, one in Wexford, 9 in Palmetto Dunes/Shelter Cove, one in Port Royal, 5 in Hilton Head Plantation, 2 in Palmetto Hall, one in Indigo Run, one in Spanish Wells Plantation, one in Windmill Harbour and 6 were in off plantation areas. 

Of the homes that just came on the market in the Bluffton area, 22 were in off plantation areas, 5 were in Moss Creek, one in Colleton River, 6 in Belfair, 8 in Rose Hill, and 14 in Sun City. 

Sales seemed to increase slightly with 19 homes on Hilton Head and 25 homes in the Bluffton area going under contract; 3 in Sea Pines Plantation, one in Forest Beach, one in Shipyard Plantation, one in Folly Field, one in Port Royal, 6 in Hilton Head Plantation, 3 in Indigo Run, one in Windmill Harbour, 2 in Hilton Head Island off plantation areas, 14 in Bluffton off plantation areas, one in Moss Creek, two in Colleton River, 2 in Rose Hill, one in Berkeley Hall and 2 in Sun City.

We also had 12 villas and 3 lots go under contract. 

There are some great buys available and if you are in the market – now is a great time to buy.  Please visit my website at www.JamesWedgeworth.com to view all my best buys in the Hilton Head Island Real Estate market!

We had a total of 8 homes sell on Hilton Head Island last week which is much less than we would normally see this time of year.  Of the homes that sold; 2 were in Sea Pines Plantation, one in Palmetto Dunes, one in Port Royal, two in Hilton Head PLantation, one in Indigo Run and one on Shamrock Circle which is on the north end of the island.  Having this few sales puts a lot of pressure on the island.

We had 96 new homes come on the market so inventory is continuing to increase which is not good for us. 

We had 11 villas go under contract last week – one in Sea Pines Plantation, 3 in Forest BEach, one in Shipyard, 3 in Palmetto Dunes and 4 in off plantation areas.  Of the villas that went under contract, only one was listed above $500,000 – a 3-bedroom Inverness Villa in Palmetto Dunes.

We had 44 new villas come on the real estate market last week. 

We had no lot sales last week and 28 new lots came on the market.

Spring is here and March is traditionally the best time of the year for real estate sales.  Hopefully we will see more activity this coming week because there are more people on the island.  The cold weather has hurt us a little – people usually do not buy a lot of real estate when it is cold on Hilton Head.  We are looking forward to spring right around the corner.

Activity 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.