Over 500 Realtors flocked to a "Why Buy Now" real estate symposium on Hilton Head recently. An overall slow market prompted the informal "get together" and from all indications it was a huge success. Unfortunately, I was with customers that particular day and was not able to attend. The Island Packet was kind enough, however, to run a feature story highlighting the event. Real Estate factors discussed that favor our LowCountry Market were noted. I share them now with you. Have a great day. LC Joe
FACTORS FAVORING THE LOWCOUNTRY REAL ESTATE MARKET
- The Sunbelt is growing. South Carolina's population is predicted to grow 25-30 percent by 2030.
- Hilton Head Island and Bluffton are drive markets and won't be affected by fluctuations in air travel.
- Interest rates are at a 40-year low.
- A lack of available land will drive prices up on existing properties on Hilton Head Island.
- Real Estate on Hilton Head is still much less expensive than other resorts.
- Land planning and design covenants put in place by the town control growth and aesthetics.
- Hilton Head Island is a World Class destination with hospitals, good schools, arts and culteral centers.
- Hilton Head was recently named number six (6) on MSNBC's Web site for top ten (10) family-friendly beaches.
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