Hilton Head Island, SC, prices continue to rise through 2018 and should rise further into 2019, according to a recent report. Read on to find out what is causing this trend.
HILTON HEAD, SC HOUSING PRICES CONTINUE TO INCREASE
Now that we are nearing the end of 2018, a recent report has shown that the housing market on Hilton Head Island looks good and that trend is expected to continue into 2019.
A report from property analytics firm CoreLogic, which made use of statistics provided by The Multiple Listing Service of Hilton Head Island (HHIMLS), stated that the numbers for 2018 met expectations predicted going into the present year.
Interested homebuyers must contact a competent real estate agent like the ones from Charles Sampson Group of Charter One Realty. They are familiar with how sales have been trending in the area and can suggest a fair price for you.
3 Reasons For The Increase In Housing Prices
HHIMLS explains in further detail some of its findings for 2018, as well as how they bode for 2019. Here are the top three highlights:
1. Home prices continue to increase
According to the HHIMLS release, home prices will climb through 2019 as well.
Looking at the stats from April 2018, it has outperformed April 2017 by 6.9 percent. With this, CoreLogic predicts that come April 2019, they will increase by a further 5.3 percent.
2. Demand exceeds supply
The catalyst for housing prices increasing so drastically is that demand and incomes have grown, while the number of houses on the market have decreased, according to the report.
HHIMLS said in its release that most people buy homes in the spring, too, which means that homebuyers should look now before the buying market saturates.
3. Smart-home and environmentally friendly options rule the market
These days, homebuyers are most interested in smart-home technology and appliances that are friendly both to the environment and buyers’ energy bills. This is also found in the HHIMLS data.
It would be a wise option for sellers to install smart-home technology — especially any technology that can work in tandem with a smartphone app — in their home to increase its value before listing, if possible.
They can look at lighting, thermostats, and security systems. The ability to access real-time updates and relevant local stories is also an added bonus.
Let Charles Sampson Group of Charter One Realty Help You
Reach out to us today and talk to one of our amazing real estate advisors for more information.
Dial 843-384-7300 for Charles Sampson Group of Charter One Realty!