$8,000 Tax Credit Extension Helps Hilton Head Plantation 1st Time Home Buyers

In a recent article published by RISMEDIA, dated October 29, 2009, they report “The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old downturn”.  “This is great news for those who are looking to make their first time purchase”, says Matt Houle agent/owner of Exit Realty of Hilton Head.  “I know of a number of first time buyers who were rushing to take advantage of this program and now they can breathe a bit easier and take a little more time to pick out the perfect home.  Some of these buyers are targeting Hilton Head Plantation due to the many attractive prices, selection and location”, says Houle.

Greater Hilton Head Area Reflects
National Trend

Lawrence Yun, NAR chief economist recently report through RISMedia, "the (real estate sales) projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010.  Given the success of the first-time buyer tax credit to date, and the need for qualified buyers to continue to absorb inventory that will include additional foreclosures over the coming year, we are hopeful about the impact of the expanded tax credit because it will stabilize home prices," he said. "In fact, the credit is working better than first projected – it now looks like we’ll have 2.3 to 2.4 million first-time buyers this year."

"We are seeing evidence of this trend every week in both Hilton Head and the Bluffton areas", says Matt Houle, agent/owner of Exit Realty of Hilton Head.  "In fact in the month of October 2009 alone there were 34 sales in the Bluffton area and 35 on Hilton Head Island.  Many of these purchases reflect the national trend for first time home buyers, include those made in Hilton Head Plantation.  Each week we receive many calls and email inquires about first time home buyer opportunities.  It is clear that several people want to take advantage of the tax credit and participate in the best priced market this area has seen in several years", says Houle.  You can read the entire RISMedia article here.

Hilton Head Plantation Real Estate Sales
Above Southern Regional Average

According to a recent RISMedia articale published October 26, 2009, the news outlet states "In the South, existing-home sales rose 9.0% to an annual level of 2.06 million in September and are 10.8% higher than September 2008. The median price in the South was $153,500, down 7.6% from a year ago".  "That is true", says Matt Houle, agent/owner of Exit Realty of Hilton Head, "however in resort communities such as Hilton Head Island, we have been more protected than perhaps other areas of the South.  For example, Hilton Head Plantation has experienced an increase in existing home sales and the median price is actually 2% above where it was in October 2008.  This is good news for the overall area and in particular Hilton Head Island", says Houle. Read more...

Hilton Head Plantation Tops In September
Real Estate Sales

Hilton Head Island Real Estate Goes “Green”

According to a news release from RISMEDIA, October 7, 2009, "The environment will be one of the great challenges of the 21st century. Soon it will dominate virtually all aspects of life in North America—socially, politically and economically. Today’s great leaders and entrepreneurs must look at environmental problems as an opportunity to set themselves apart from the competition", according to Steve Morris, Founder and CEO, EXIT Realty Corp. International.

"Steve makes a very good and timely point", says Matt Houle, agent/owner of Exit Realty of Hilton Head.  "In fact, evidence of what Steve is saying can be found right here in the greater Hilton Head, area where several homes are being built with a 'green' emphasis.  The trend is clean, as more first time buyers are only considering homes built with environmentally friendly materials", says Houle.  Want to read more click here.

Total Number of Home Listings
Down in Hilton Head Plantation
For August

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Plantation Follows
National Trend

In a recent article by RISMedia stated, "The strong summer selling season in 2009 has led to a decreasing difference between the last listing price and final sale price, but most buyers are still getting some additional discount at selling time," said Zillow Chief Economist Dr. Stan Humphries. "We expected list-to-sale price ratios to fall as the sales volume picked up during the summer, and the California markets are showing strong declines in the discount off the last listing price, relative to levels at the start of the year. This is fueled both by increased sales and high proportion of foreclosures re-sales, which are already priced relatively low".  "This is also true for sales in Hilton Head Plantation", says Matt Houle, agent/owner of Exit Realty of Hilton Head.  He continues, "the strong sales months of the summer saw an increase in buying activity, including a reduced last list price to sale price ratio.  Buyers are, of course still looking for deals, which in part is driving this tighter ratio since prices in many cases are already low.  I suspect we will continue to see this trend play out over the next several quarters as short sales and foreclosures continue to surface and buyers focus on the great values available", says Houle.  Want to read more click here.

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Plantation Home Purchasing Confidence Continues

In a recent article published by  RISMEDIA, September 9, 2009, states, "Point2 Technologies, Inc. has released its Real Estate Confidence Index (RECI) survey report for the month of August 2009. The RECI extended its upward move for the third consecutive month, but remained marginally in positive territory, recording a 5.9 reading at the national level on the Index scale of one to ten (1 being 'Bad' and 10 being 'Good'). The August reading reflects a 5.4% improvement over July 2009 and a 21% increase over the June 2009 average".

"That mirrors what is happening to a degree for home sales on Hilton Head Plantation", according to Matt Houle, agent/owner of Exit Realty of Hilton Head. He continues, "however, the trend in Hilton Head Plantation appears to be even stronger than indicated by this report.  Based on recent sales and pending sales information provided by a local MLS service, the improvement in consumer sentiment is reflected in the 6^th straight month of increase sales and stabilization of prices", says Houle.  Want to read more click here.

Hilton Head Plantation Real Estate
Continues To Excel In Sales

Hilton Head Plantation, located on Hilton Head Island, South Carolina, continues to excel in sales, according to Matt Houle agent/owner of Exit Realty of Hilton Head.  "As evidenced by statistical reporting of a local MLS service, Hilton Head Plantation in the month of August 2009, outpaced all other plantations on Hilton Head in terms of actual closed transactions and pending (under contract) transactions.  The trend is clear that across the greater Hilton Head area, the market is stabilizing and buyers are re-entering the market to take advantage of the low home prices and the historically low interest rates", says Houle.  "I am advising my clients that if they have plans to purchase, this is the year to do it.  The market is turning and prices will eventually start to rise", says Houle.

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Plantation Real Estate Mirrors National Upward Trend

According to a recent article in RISMedia dated, August 26, 2009, "Data through June 2009, released by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index improved in the second quarter of 2009".  Matt Houle, agent/owner of Exit Realty of Hilton Head says, "the real estate  market on Hilton Head, particularly Hilton Head Plantation, has been signaling for several straight months the same upward trend as evidenced in this article from RISMedia.  Overall sales have been stronger quarter over quarter, inventory has declined from its high point and prices have stabilized. All of this combined, points to a market that is not only is healing, but is showing signs of continued forward progress and sustainability", says Houle.  Follow this link to read the entire news article.

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Plantation Real Estate Shows Sales Strength

"For the month of July 2009, real estate sales on Hilton Head Plantation are showing solid signs of strength", according to Matt Houle, agent/owner of Exit Realty of Hilton Head. "The upward sales trend is continuing not only on Hilton Head Plantation, but for the entire island as well.  In particular, Hilton Head Plantation is leading the way in the month of July with eleven closed transactions and fourteen transactions under contract, according to statistics provide by a local multiple listing service.  That is the best performance of any plantation on Hilton Head in the month of July and it continues to show that the upward trend is continuing to take root", according to Houle.  "Also of note, is the fact that, island wide, the closed price to list price percentage is now at 94.25% according to local statistics.  This is further evidence that we may be well on our way to a stabilized market", says Houle.  

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Plantation Experiences Steady Increase In Pending Sales

 

According to a recent article in RISMEDIA, dated August 5, 2009, "Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors".  "This continues to reflect the trend on Hilton Head Island SC and in particular with Hilton Head Plantation", says Matt Houle, owner of Exit Realty of Hilton Head.  "This is further evidence that the excess inventory is continuing to be worked off and stabilization is gaining ground.  Since spring of this year, there has been an increase in buying as evidenced by statistics provided by a local multiple listing service.  In particular Hilton Head Plantation seems to advancing in terms of pending transaction, which is reflected in the growing confidence of its market", according to Houle.   

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Plantation Homes Sales Strong

"Home sales on Hilton Head Plantation continue to show strength and offer hope for buyers and sellers alike", according to Matt Houle, agent/owner of Exit Realty of Hilton Head.  He continues, "the overall trend for the past five months has been a steady increase in closed sales and points to healing of the market.  Not only for Hilton Head Plantation but for the market at large on Hilton Head Island, SC."  This trend is reflected in a recent article published by RISmedia in which it was noted:  "Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors", the article continues, "This is another hopeful sign-if we can keep the volume of sales above the level of new inventory, prices could stabilize in many areas around the end of the year." Follow this link to read the entire news article.

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).

Hilton Head Island Pending Real Estate Sales Continues To Show Strength

 "For the fourth consecutive month in a row the pending real estate sales on Hilton Head continues to show strength", says Matt Houle agent/owner of Exit Realty of Hilton Head.  He continues, "from March 2009 through the end of June pending sales showed a strong increase and maintained that level of activity to date.  We are just half way through July and statistics report by the local multiple listing service confirm that July will also be a strong month, perhaps the strongest of the year so far".  According to a recent article published in RISMedia, "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004".

"This trend is very encouraging to the overall market and it supplies a basis of confidence for buyers and sellers.  We are looking forward to the ongoing strengthening of the Hilton Head market and the national market", says Houle. Follow this link to read the entire news article.

Hilton Head Island, SC Real Estate, Exit Realty
Exit Realty of Hilton Head is your local expert for all your Real Estate needs in Hilton Head Island and greater Bluffton, including the area’s Plantations: Sea Pines, Hilton Head Plantation, Long Cove, Wexford, Shipyard, Palmetto Dunes, Port Royal, Indigo Run, Palmetto Hall, Windmill Harbour, Spanish Wells, Moss Creek, Colleton River, Belfair, Rose Hill, Berkeley Hall, Hampton Hall, Hampton Lake, Sun City, Hilton Head Lakes, Oldfield, Hampton Pointe, and Palmetto Bluff. Put us to work for you; our service will impress you! (843-422-4432).