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Real Estate Blog

June 2019 Market Reports

As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments.

New Listings were down 5.0 percent to 587. Pending Sales increased 21.4 percent to 533. Inventory remained flat at 2,326. Prices moved higher as Median Sales Price was up 7.1 percent to $330,000. Days on Market increased 3.1 percent to 133 days. Months Supply of Inventory was down 5.5 percent to 5.2 months, indicating that demand increased relative to supply.

In terms of

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Celebrating Independence Day 2019—July 4th

Battle to regain control of much of South Carolina

Combined Continental Army and State Militia Forces Under the Command of Major General Nathanael Greene Battle to Regain Control of Much of South Carolina

South Carolina was outraged over British tax policies in the 1760s that violated what they saw as their constitutional right to "no taxation without representation". So, Merchants joined the boycott against buying British products.

Declaration of Independence

When the London government harshly punished Massachusetts for the Boston Tea Party, South Carolina's leaders joined 11 other colonies (except Georgia) in forming the Continental Congress.

When the British attacked Lexington and Concord in the spring of 1775 and were beaten back by the Massachusetts Patriots, South

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At this point in the year, we are getting a good sense for how the housing market is likely to perform for the foreseeable future. And although it is not a particularly exciting forecast, it is a desirable one. Markets across the country are regulating toward a middle ground between buyers and sellers. While it remains true that sales prices are running higher and that inventory options are relatively low, buyers are beginning to find wiggle room at some price points and geographies.

May Market Report 2019

New Listings were up 3.7 percent to 694. Pending Sales increased 9.7 percent to 601. Inventory grew 3.4 percent to 2,363 units.

Prices moved higher as Median Sales Price was up 0.5 percent to $321,500. Days on Market held steady at 136. Months Supply of Inventory

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For much of the country, the first quarter of 2019 provided several disruptive weather patterns that contributed to less foot traffic toward potential home sales. Coupled with low affordability, higher prices and an inventory situation in its infancy of recovering from record lows – not to mention several more days of wintry weather in April – slower sales persisted across most residential real estate markets.  However, buyers are beginning to return in force this spring. For well-priced homes in desirable locations, competition is fierce.

 

April 2019 Market Reports

New Listings were down 1.6 percent to 662. Pending Sales increased 7.3 percent to 588. Inventory grew 4.8 percent to 2,403 units.  Prices moved higher as Median Sales Price was up 2.4 percent to $319,250.

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When I began the research for this article, I had no idea the number of boat launching ramps maintained by Beaufort County, Department of Public Works.

Then, I focused on the location of Beaufort County, the heart of the South Carolina Lowcountry, and quickly realized that the twenty-five boat ramps are spread across the twenty-two rivers and creeks that run through Beaufort County.

My next challenge was how to present such a large quantity of information that would be not only useful to my readers but would be in a format that would allow the boater or potential boater quick access to detailed information on each of the facilities. Here, Beaufort County is the hero. The Beaufort County, Department of Public Works maintains a database of

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In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low.March 2019 Market Reports

New Listings were down 3.4 percent to 748. Pending Sales decreased 2.3 percent to 553. Inventory grew 7.4 percent to 2,433 units.

Prices moved higher as Median Sales Price was up 8.7 percent to $325,000. Days on Market increased 0.7 percent to 139 days.

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The Hilton Head Island Region of the South Carolina Lowcountry has won awards over the last ten years for its ever-improving status as the destination in the United States if you want to play golf.

From Golf Magazine designating Hilton Head among the top five golf havens for retirees, to Golf Digest recently ranking it in seven of the eight top categories for golf destinations in its “Top 10 Best Courses” listing. Add to those impressive honors the International Association of Golf Tour Operators (IAGTO) recognition as the Sustainable Golf Destination of the Year and you will have zeroed in on the choice location to visit, or better yet, to become a resident of, if golf is your passion.

I’ll define the Hilton Head Island Region as the geography

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It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and snowy days that have stalled some buying and selling actions. Nevertheless, housing markets have proven to be resilient despite predictions of a tougher year for the industry. It is still too early to say how the entire year will play out, but economic fundamentals remain positive.

Feruary 2019 Market Report

New Listings were up 2.3 percent to 665. Pending Sales increased 26.2 percent to 515. Inventory grew 5.5 percent to 2,298 units.  Prices were still soft as Median Sales Price was down 2.3 percent to $299,150. Days on Market decreased 8.3 percent to 132 days. Months Supply of

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34 Years and Better Than Ever!

Each March, Hilton Head’s wine and food enthusiasts usher in the island’s popular spring season with a week-long celebration of the fruits of global wine partnerships, signature Lowcountry cuisine, grassroots cultural happenings and the authentic fabric of a unique artists’ community.

It's a series of events that allures guests from all corners of the country.

Celebrating the 34th anniversary this year, the Hilton Head Island Wine & Food Festival began as an endeavor to stimulate the island’s young tourism industry in the early Lowcountry spring season.

Launched by a group of devoted wine enthusiasts along with some great island culinary talents, the annual Wine & Food Festival, became a tradition, for

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A Bit of Golf Cart History

The golf cart has an interesting history. Conceived as a three-wheeled electric cart in Los Angeles to transport senior citizens to the grocery store, it had nothing to do with golf.

Adapting the ‘senior shopping vehicle’ was attempted by John Keener Wadley, of Texarkana, Arkansas, a lumber, railroad, and oil baron listed as one of the wealthiest men in the United States. Wadley, seeing them on the streets of LA, tried using the cart on his club’s course, without modifications. That didn’t work too well, so he engaged engineers to modify the design.

Therefore, the first electric cart, designed specifically for golf, was custom-made in 1932. Like all radically new ideas, “I thought golf was for exercise, now we drive

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