Hilton Head Island and Bluffton Sales

Our market is affected by short sales and foreclosures more than ever. How are these short sales and foreclosures impacting the Hilton Head Island real estate market?

 

I thought you might like to see exactly how Hilton Head real estate sales stack up over the past eight years. Remember, in 2001 we were in a recession exacerbated by the terrorist attacks and in 2002 the economy started to show signs of recovery. From 2004 to 2006 the real estate sales in Bluffton and Hilton Head experienced unprecedented appreciation. The mortgage backed securities market started springing leaks in the summer of 2006 and in the fall of 2008 the banking and financial industries collapsed.

 

With all of that as a backdrop, here’s how things stack up according to Hilton Head Island MLS statistics for the first half of each year since 2001 and then for the specific month of June:

 

HILTON HEAD/BLUFFTON, S.C. AREA

Number of Sales

January 01-June 30, 01

643

January 01-June 30, 02

764

January 01-June 30, 03

737

January 01-June 30, 04

1,064

January 01-June 30, 05

1,322

January 01-June 30, 06

1,115

January 01-June 30, 07

998

January 01-June 30, 08

852

January 01-June 30, 09

659

 

HILTON HEAD/BLUFFTON, S.C. AREA

Number of Sales

June 2001

142

June 2002

140

June 2003

157

June 2004

247

June 2005

263

June 2006

240

June 2007

181

June 2008

157

June 2009

136

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Hilton Head Realtor Michael Broadhurst
Michael Broadhurst
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