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Housing Tax Credit Update and Stimulus |
To obtain the credit of $8,000 on you must purchase by April 30, 2010 and close by June 30,2010 . BUT...that's not the biggest news...this is...According to Lawrence Yun, the chief economist for the National Association of Realtors, this legislation is going to bring 300,000 new homebuyers into the market; and for each one of those new homebuyers, two additional sales will be created down the line due to move up purchases. That means close to a million homes (900,000) are going to be sold as a result of this legislation.
The Housing Tax Credit is VERY BIG news. To give you some idea how big this is, let's put it into perspective. What's dominated the housing news in the last several months? Foreclosures and their impact on the market, right? Since August of 2007 the total number of foreclosures has been 1,081,395. The Housing Tax Credit will create close to 1 million home sales. That's almost as large as the entire foreclosure problem to date...only this is good news, not bad! |
| MARKET ACTIVITY REPORT HILTON HEAD & BLUFFTON |
| Homes Sales |
| |
YTD 2009
|
Compare YTD 2008 |
Compare YTD 2007 |
|
Plantation |
#
Sold |
Ave. Sales Price |
% of Sale to List |
Ave. Days on Mkt. |
# Sold |
Ave. Sales Price |
% of Sale to List |
Ave. Days on Mkt. |
Ave. Sales Price |
Ave. Day on Mkt. |
|
Sea Pines |
137 |
$1,016,930 |
91% |
162 |
167 |
$1,583,962 |
93% |
|
|
|
|
Forest Beach |
19 |
$1,275,486 |
87% |
237 |
17 |
|
90% |
|
|
|
|
Shipyard |
3 |
$567,000 |
93% |
283 |
11 |
|
94% |
|
|
|
|
Wexford |
19 |
$1,676,710 |
93% |
168 |
|
|
93% |
|
|
124 |
|
Long Cove |
20 |
$876,621 |
92% |
181 |
24 |
|
94% |
|
$ 714,320 |
|
|
Palmetto Dunes/
Shelter Cove |
40 |
$1,263,497 |
92% |
214 |
|
|
93% |
|
$1,609,918 |
|
|
Port Royal |
31 |
$890,806 |
92% |
157 |
|
|
93% |
|
$ 937,799 |
|
|
Hilton Head Plantation |
147 |
$540,920 |
93% |
118 |
204 |
|
95% |
|
$ 558,034 |
51 |
|
Palmetto Hall |
21 |
$623,455 |
92% |
191 |
|
|
96%
|
|
$ 640,559 |
|
|
Indigo Run |
26 |
$769,036 |
94% |
168 |
|
|
94% |
|
$ 758,546 |
95 |
|
Spanish Wells |
7 |
$1,391,428 |
94% |
108 |
|
|
94% |
|
$1,574,894 |
|
|
Windmill Harbour |
16 |
$891,279 |
91% |
173 |
19 |
|
91% |
|
$ 886,343 |
|
|
HHI Off Plantation |
47 |
$546,675 |
92% |
180 |
|
|
96% |
|
$ 545,891 |
|
|
Daufuskie Island |
12 |
$845,416 |
92% |
201 |
|
|
91% |
|
$ 681,560 |
|
|
Bluffton Off Plantation |
427 |
$255,293 |
95% |
115 |
|
|
96% |
|
$ 251,447 |
|
|
Moss Creek |
34 |
$438,720 |
93% |
108 |
|
|
95% |
|
$ 428,037 |
|
|
Colleton River |
10 |
$1,292,200 |
92% |
206 |
14 |
$1,221,142 |
91% |
179 |
|
|
|
Belfair |
24 |
$769,593 |
94% |
221 |
31 |
|
95% |
|
$ 776,481 |
191 |
|
Rose Hill |
35 |
$381,017 |
93% |
173 |
|
|
96% |
|
$ 380,321 |
|
|
Berkeley Hall |
9 |
$926,403 |
91% |
278 |
12 |
|
96% |
|
$1,119,444 |
|
|
Sun City |
246 |
$236,797 |
94% |
99 |
|
$ 269,710 |
95.18% |
|
$ 240,750 |
|
| LOCAL MARKET ACTIVITY REPORT |
| Villa Sales |
| |
YTD 2009 |
Compare YTD 2008 |
Compare YTD 2007 |
| Plantation |
# Sold |
Ave. Sales Price |
% of Sale to List |
Ave. Days on Mkt. |
# Sold |
Average Sales Price |
% of Sale to List |
Ave. Days on Mkt. |
Average Sales Price |
Ave. Days on Mkt. |
|
Sea Pines |
60 |
$656,494 |
94% |
164 |
|
|
94% |
|
|
|
|
Forest Beach |
81 |
$315,372 |
93% |
141 |
|
|
93% |
150 |
|
|
|
Shipyard |
45 |
$344,428 |
93% |
169 |
|
|
94% |
|
|
|
|
Palmetto Dunes/
Shelter Cove |
114 |
$619,230 |
92% |
205 |
|
|
94% |
|
|
51 |
|
Folly Field |
62 |
$223,142 |
93% |
168 |
|
|
93% |
144 |
|
35 |
|
Hilton Head Plantation |
16 |
$456,875 |
93% |
166 |
|
|
94% |
109 |
|
135 |
|
Indigo Run |
4 |
$425,625 |
96% |
92 |
|
|
96% |
46 |
|
|
|
Windmill Harbour |
5 |
$337,000 |
95% |
204 |
|
|
93% |
156 |
|
|
|
HHI-Off Plantation |
86 |
$175,591 |
93% |
139 |
|
|
94% |
98 |
|
|
|
Daufuskie Island |
4 |
$580,000 |
93% |
164 |
|
|
96% |
179 |
|
|
|
Bluffton-Off Plantation |
25 |
$110,672 |
94% |
161 |
|
$144,621 |
94% |
104 |
|
|
|
Moss Creek |
4 |
$211,225 |
94% |
147 |
1 |
$272,000 |
91% |
|
|
|
To learn more Contact Larry Today. |
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Larry Meyers | ReMax Island Realty | 99 Main Street | Hilton Head Island,
SC | 29926
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