You have heard it before......"Just the Facts Mam"....."Just the Facts".....
So here we go with some interesting January 2008 LowCountry real estate facts....but you will have to put up with some pontification as well .....because I simply just can't "Do Facts"...It's not in my nature.
Stats are from Hilton Head Multiple Listing Service....."For the month of January 2008"
Homes Only......Villas and Lots in future blogs.......
*Total Sales Dollar Volume of $42,468,275.00 was eighteen (18) percent more than 2007.
*Average days on the market (DOM) increased by fifty five (55) days...."Took Longer to sell". Previous year, 2007, average DOM was ninety one (91) days whereas 2008 shows one hundred forty six (146)
*Percentage of list price to sales price has remained the same at approximately ninety five (95)%.
*Closed properties (number of units/homes) are very close to 2007 figures. 2007 ...Seventy Seven (77) as compared to 2008 Seventy Two (72)
Bottom line....the Hilton Head Lowcountry "home" market has remained stable. Prices remain steady but it is taking longer to sell. This flies in the face of "National Media" commentary and "gloom and doom prognostications.
If you would like stats for your particular Plantation/Community/Area please drop me a note and I will forward.
Have a great day and "Think Spring".
LCJoe
RE/MAX Broker
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