We've seen the bottom, and we are heading in the right direction. We've done our market research, and by all accounts, the numbers speak for themselves. The number of sales of Hilton Head homes, lots and condos increased by a substantial amount in April of this year. We had 142 sales in April alone. In October of 2008, we had only 50...now that's improvement!

Here is a further breakdown for Hilton Head Island:

In April of 2008, there were 42 villa sales. In April of 2009, there were 64 sales.… Continue

They’rrrr backkkk!

Yes, indeed…real estate investors are buying on our Island.

-And why wouldn’t they?
-We’re back to 2004 prices
-Interest rates are at an all-time LOW
-And this is Hilton Head Island

The smart, savvy buyers are purchasing now before the prices start up again. We may not be at the very bottom, but we are so close.

And why wait? Now you can chose from a plentiful inventory, before the herd starts buying.

What do investors want?

-They want new construction, wit… Continue

As reported in The Island Packet on March 24, 2009, Beaufort County will go ahead with their regularly-scheduled Property Tax Reassessment. These new tax values will be mailed out on August 1, 2009, and Ed Hughes, the county assessor, is confident residents will come out in droves to challenge their new tax values.

Countywide reassessments occur every five years and one was scheduled to take place this year, but there was some talk about delaying the massive readjustment of values until 2010. D… Continue

A quote from Warren Buffet..."Be fearful when others are greedy, and be greedy only when others are fearful."
In my opinion, the fear that we are experiencing right now, will soon switch to consumers being confident again. When we have that turnaround, our properties will start moving at a fast pace, and we will quickly be in a seller's market.
I know I say this too often, but there is only so much land on our Island, and when demand increases, the supply will quickly diminish.
At present, we ha… Continue

While I can't back up my "thoughts" with any real data, I do feel we're at the bottom of the pit. From September, 2008, until recently, the barrage of bad news just "kept on coming!" I, for one, finally wised up and turned off the news 6 weeks ago. It was totally depressing and would fill me with despair every morning.
Now that the truth has come out about AIG and their Credit Default Swaps...selling what they called insurance against the even worse Collateralized Debt Obligations...surely there… Continue