Posts Tagged ‘The Hilton Head MLS’
Not in MLS – Hilton Head Home Foreclosure For Only $73,000!
This 3-bedroom, 2-bath home with 1,114 SF living space and 1-car garage is located in Edgefield, Bluffton SC, a foreclosure available now for $73,000. This was a bank-owned home not listed in the Hilton Head MLS.
Economy Home Has Low Payment Ideal for First Time Home Buyer or Income Buyer
Attention economy home buyers and income property buyers: not all foreclosures are listed in the Hilton Head Island MLS. One example is #153 Stoney Crossing, an economy home in the Edgefield community of Bluffton, South Carolina. The home is now for sale for only $73,000 and is an excellent choice for first-time home buyers or income buyers. It has:
- Three bedrooms
- Two bathrooms
- 1,114 square feet of living space
- 1-car garage with concrete driveway
- .15 acre lot
- Community swimming pool, playground, basketball court
- Annual POA $590.
- Estimated annual property tax $264 as primary home; $814 as second home/rental property.
- Estimated long-term rental $900-$1000/mo.
- Estimated p&i for a primary home buyer who put 3.5% down: $342/mo (30 years @ 4.5%).
3/28/12: An update on this foreclosure is that it is under contract with a winning bid of $70,000. Go Gated Realty was recommended to Buyers and a Buyer’s Agency for this sale.
For more information about bank-owed homes for sale in Bluffton and Hilton Head Island, please call Richard Kadesch of Go Gated Realty at C-843-290-7368 or email rich@gogated.com today!
Richard Kadesch, Owner and Broker-in-Charge Go Gated Realty ®
The Gated Community Specialist ® Hilton Head Island and Bluffton, South Carolina
Hilton Head Foreclosure and Income Property Specialist
Cell 843-684-2933 or 843-290-7368
Email rich@gogated.com
The Sales Trend for Hilton Head Homes
The average monthly sales price of Hilton Head Island homes: June 2010 until June 30, 2011
The 13-Month June to June Trend Line shows home price decline of 4%
What is the direction of Hilton Head Island home prices? The chart above is taken from MLS data* and it shows the monthly average sales prices of Hilton Head Island homes sold from June 2010 until June 2011. Charts and data can be presented and interpreted differently. This is my interpretation of this data:
- The average June 2011 home sold for $723,371 vs $753,959, a decline in average price over the last 12 months of 4%.
- During the last 12 months, average prices fell to a low of $664,524 in November, 2010 before increasing every month since then.
- A shorter term trend line (below) from September, 2010 until June 2011 shows an increase in average sales price of 5%, from $689,126 to $723,371.
- Sales prices of homes in August-December 2010 were below the 12 month trend line seen above. This may mean that the second half of 2011 will be a good time to buy.
The 10-month trend line from Sept 2010 to June 2011 shows an increase in average increase in Hilton Head home prices of 5%
The average monthly sales price of Hilton Head Island homes Sept 2010 to June 2011
What Does this Data Mean?
The two graphs above suggest that Hilton Head homes prices may have bottomed out. We will not know for sure until more time has passed but something worth remembering is that this data is broad (as is most data presented in the media) and includes a variety of areas with low prices and very high prices. There are markets within markets and you should ask your real estate broker for comparables for the specific market that interests you.
I believe that the lowest prices have come and gone. As long as buyers stay in the lower price range of what is offered today, they should not regret their purchase price in time and to the contrary, I believe that they will be very happy with their price. Therefore, if you find a house that you really like and it has a good price, do not wait. This is an excellent time to buy and there are many outstanding homes for sale at low prices today. Today’s low mortgage are also an excellent reason not to wait with rates that have ranged from 4.5-4.87% for many months.
To find a bargain on a good Hilton Head home, please call or email me, the Hilton Head Gated Communities Specialist today. My cell phone is 843-684-2933 and my email is rich@gogated.com.
*The Hilton Head MLS requires a disclosure for sales data that says that the data is not guaranteed to be accurate, should not be used for any purchase or sale decision and is not a representation of any fact whatsoever.
To find a bargain on a Hilton Head home or villa, please call:
Richard Kadesch, Owner and Broker-in-Charge Go Gated Realty ® The Gated Community Specialist ® Hilton Head Island, South Carolina
Cell 843-684-2933, Email Rich@gogated.com, www.GoGated.com
Hilton Head Foreclosure Homes Not Listed in MLS
This luxury foreclosure home in Rose Hill is not listed in the Hilton Head MLS, has 5 bedrooms, 4 bathrooms, 3,550 SF on 1.5 acres with asking price of only $375,900.
Most foreclosure homes for sale on Hilton Head are listed with a Hilton Head MLS company – but not all. An example of one outstanding foreclosure opportunity is this featured luxury home in foreclosure at 1 Deer Run Lane in Rose Hill, Bluffton offered for just $375,900.
Built in 2002, this home has 3,550 square feet of heated space and a two-car garage, sits on 1.5 wooded acres and has great privacy. The home has 4 bedrooms and 4 bathrooms plus a bonus room that was used as a media room but can be used as a fifth bedroom, an office, exercise room or game room. It is located in the equestrian, estate side of Rose Hill that has riding trails throughout the community.
Rose Hill is a gated golf and equestrian community in Bluffton, South Carolina approximately five miles from the bridge to Hilton Head Island. Rose Hill has two sections, each on opposite sides of Rt 278, each with its own guarded security gate. The golf side has an 18-hole championship golf course with clubhouse owned by the community but open to the public. The golf side has clay tennis courts and a community swimming pool.
The equestrian, estate side of Rose Hill is where 1 Deer Run Lane is located. Owning horses on the equestrian, estate side of Rose Hill is completely optional, but the estate side has large lots, horse stables, a polo field, riding trails throughout the community, a tennis court, swimming pool and a boat ramp.
To see more pictures of this home, click here. To see pictures of Rose Hill, click here.
This home is not listed with any agency and the Bank encourages buyers to get an agent. Go Gated Realty® is a Buyer’s Agency for any property, including any foreclosure with the commission earned already in the price of the property and paid by the seller at closing. This home is an outstanding foreclosure opportunity for a buyer who wants a larger, newer custom home on a large lot in a Hilton Head gated community for use as a primary or second home.
For more information about this home or any other property for sale on Hilton Head today, please call Richard Kadesch and receive service that you can trust based on over 35 years of Hilton Head real estate experience.
Richard Kadesch, Owner and Broker-in-Charge Go Gated Realty ® The Gated Community Specialist ® Hilton Head Island, South Carolina
Cell 843-684-2933, Email Rich@gogated.com
Hilton Head Real Estate Foreclosure Update
Sea Pines has two lots and two villas in foreclosure today.
Today most every gated community on Hilton Head Island and Bluffton has at least one home, villa or lot in foreclosure for sale. The communities include the best: Sea Pines (2 homes, 2 villas), Wexford (2 lots), Long Cove (2 homes, 2 lots), Shipyard (2 villas), Forest Beach (12 villas), Hilton Head Plantation (3 homes, 3 lots) , Indigo Run 2 homes, 3 lots), Palmetto Dunes (1 home, 1 villa), Folly Field (1 villa, 2 lots) and Palmetto Hall (2 lots). Off-Island, they include Colleton River, Belfair, Berkeley Hall, Moss Creek, Rose Hill, Hampton Hall, Hampton Lake, Buckwalter communities and more.
The latest statistics about foreclosures from the Hilton Head Multiple Listing Service* are:
- Homes- today 3.3% of all homes in the Hilton Head area for sale are foreclosures, 81 homes of 2,445 total. In June, there were 2.9% foreclosures for sale, 80 of 2,779. On Hilton Head Island alone, foreclosures for sale are only 2.2% of the total, just 22 of 1,000 homes.
- Villas – today 3.2% of all villas for sale are foreclosures, 37 of the 1,146 total for sale. In June, 4.3% of all villas for sale were foreclosures, 55 of 1,279. On Hilton Head Island only, excluding Bluffton, Hardeeville and other areas across the bridge from the Island, 3.0% of villas for sale are foreclosures, 31 of 1,030 total.
- Lots – today3.8% of all lots for sale are foreclosures, 65 of 1,722 for sale. On Hilton Head Island, 6.3% of all lots for sale are foreclosures, 26 of 412. I did not report the statistics for lot foreclosures in June.
Remember that a great deal is not always a foreclosure! Look at all properties that meet your needs and have good prices. To find these properties, search them on gogated.com and gather the information that you want, then connect with a good and experience agent who can help you with your search, answer your questions and advise you about your concerns and set you up with the Buyer’s Advantage™ system, the best way to monitor the market and find a bargain.
To get a super-bargain, you must know about it right away and that is what a good agent and Buyer’s Advantage™ does. There is no better way to monitor the market. To receive the Buyer’s Advantage™ system without cost or obligation and for more information about foreclosures and good deals of all kinds, please contact me, the Hilton Head Gated Communities Specialist® today!
*The MLS of Hilton Head Island requires this disclaimer: “The statistical data contained herein has not been verified by the Multiple Listing Service of Hilton Head Island, Inc. and the publication of information hereof is not a representation or warranty of any fact whatsoever.”
Richard Kadesch, Owner and Broker-in-Charge
The Gated Community Specialist ®
Go Gated Realty ®
Hilton Head Island, South Carolina
Rich@gogated.com
www.GoGated.com
1-800-333-5025
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