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Answers (12)
- Ryan Flannery, "Irishwings"
- Contributions:34
There are still 14 million homes in or about to begin the foreclosure process. The article was written by an investment banker David. Go outside and get a breath of air. We have a very long time of depressed values and sales even on HHI.
- David Pautler, "David the Coach"
- Contributions:87
I found a article that is not by a Realtor who predicated the slumps and is now prediciting that this is time to buy. Here is the link to the article.
- Wes Black
- Contributions:509
I found this very interesting. Thanks for the update
- Ryan Flannery, "Irishwings"
- Contributions:34
I read the wsj article,thank you for the reference. Ms. Greenberg is an excellent journalist, but young with no real estate experience. Most of her information came from real estate associations. Hardly unbiased. It was a surprise that she did not dig a little deeper. When spring and summer arrive and more boomers seek warmer environs that is when those of us on the sidelines will decide the course of action. With respect it is not likely we will garner decision making advice from a realtor, for obvious reasons. Many who heeded that advice in 2007-2008 are very sorry they did. So I do appreciate your thoughts very much, thank you. I'll wait and see. Ryan
- Patty Dooley Preisner, "PattyDooleyPreisner"
- Contributions:3
Wall Street Journal Article: Click Here
HH Association Realtors Info: Click Here
I have had a tremendous amount of success finding the right home at the right price for my clients. Half the battle is having a Realtor familiar with the existing inventory, one who is able to negotiate the best price possible and who will also say - no - its not the right house at the right price - wait...
Hope this information help!
Patty
[contact information deleted by Zillow moderator. Please refer to our Good Neighbor Policy for posting guidelines]
HH Association Realtors Info: Click Here
I have had a tremendous amount of success finding the right home at the right price for my clients. Half the battle is having a Realtor familiar with the existing inventory, one who is able to negotiate the best price possible and who will also say - no - its not the right house at the right price - wait...
Hope this information help!
Patty
[contact information deleted by Zillow moderator. Please refer to our Good Neighbor Policy for posting guidelines]
- Patty Dooley Preisner, "PattyDooleyPreisner"
- Contributions:3
In a recent article published by the Wall Street Journal, it was noted that it may be just the right time to buy a vacation home in Hilton Head.
According to the article, Hilton Head Island Real Estate was identified as a Blue Chip market as prices have begun to stabilize and even started to rise. Sales were reported to be up by 17% and buyers interest was reported to be back to levels seen in 2006, prior to the national real estate downturn.
Additionally, it was reported that because Hilton Head is an Island with limited building opportunities, existing properties in the area are not competing with the overbuilding of new homes found in other places like Phoenix and Las Vegas
According to the article, Hilton Head Island Real Estate was identified as a Blue Chip market as prices have begun to stabilize and even started to rise. Sales were reported to be up by 17% and buyers interest was reported to be back to levels seen in 2006, prior to the national real estate downturn.
Additionally, it was reported that because Hilton Head is an Island with limited building opportunities, existing properties in the area are not competing with the overbuilding of new homes found in other places like Phoenix and Las Vegas
- Ryan Flannery, "Irishwings"
- Contributions:34
It may be that I still include condos and apts for sale. Consumers still make choices where to invest their $ for living space. Not everyone purchases a $400,000.00 + home but these place still influence traditional home values. Distressed properties affect all homes , condo and apts also go into foreclosure.
- Ryan Flannery, "Irishwings"
- Contributions:34
My information is coming from a local bank. Both HHI and Buff are included. Their numbers are current. Perhaps your numbers are better-where do you draw your intelligence? I want the market to recover for personal investment reasons but I still do not see the rainbow realtors see.
- David Pautler, "David the Coach"
- Contributions:87
I just the inventory level at this time and it is 683 Homes for sale and of that 683 only 10 are in foreclosure. Maybe tha will change but so far this year the trend of homes for sale is down.
If you want to get a place here now would seem to be a good time?
However the choice is always yours.
If you want to get a place here now would seem to be a good time?
However the choice is always yours.
- David Pautler, "David the Coach"
- Contributions:87
Not sure where you get your info. However as of Dec 31, 2011 there where oonly 728 homes for sale and only 16 where in foreclosure. There will be some foreclosure homes that will come on the market, however a flood of them is not expected at this time.
- Ryan Flannery, "Irishwings"
- Contributions:34
Patty thank you. I do not want to buy in a declining market. It seems as though the bottom of the resort real estate market has a ways to go. More homes are listed each day that are distressed and moving into foreclosure this will depress home values. To be honest homes are not selling on the island very quickly and more homes are coming on the market. Reality is a difficult concept when your wallet is attached to it. I want the housing market to improve as well but wishing and hoping when facts show poor numbers makes investors like me nervous. Low rates are a fools paradise. I discount those immediately. The home has to be a huge value before logical people purchase. I asked the question because I thought I was missing something. Maybe I am but I still do not see it. I do appreciate your reply. Hilton head is a wonderful place--at the right price. Ryan
- Patty Dooley Preisner, "PattyDooleyPreisner"
- Contributions:3
Ryan, Great question!
Right now money is extremely cheap if you are considering buying with financing. Rates are as low as you may see them again anytime soon. Additionally, inventories in Hilton Head and the surrounding mainland are actually the lowest since 2008.
A great place to see what is available in te area is [hotlink removed by Zillow moderator]. I am REALTOR with Hilton Head Island Real Estate Brokers and would be happy to answer any additional questions you have about Real Estate in the Lowcountry.
Patty Dooley
Right now money is extremely cheap if you are considering buying with financing. Rates are as low as you may see them again anytime soon. Additionally, inventories in Hilton Head and the surrounding mainland are actually the lowest since 2008.
A great place to see what is available in te area is [hotlink removed by Zillow moderator]. I am REALTOR with Hilton Head Island Real Estate Brokers and would be happy to answer any additional questions you have about Real Estate in the Lowcountry.
Patty Dooley
Hilton head housing inventory
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