It's a time of year the locals here on the Island look forward to....the tourist numbers are dwindling, it's back to school time, Football season is right around the corner(Go Clemson!), and it usually is the most amazing weather of the year for the next few months!

Of course it's been great having so many people come to visit our great Island (still amazes me the number of first timers I meet) and fortunately I've been able to help a  number of great families find their own piece of this paradise already this year.....still everyone always asks what is happening with real estate here....so perhaps by reviewing Hilton Head Real Estate MLS stats we can see where we are and perhaps what's ahead.

Year to date -ON ISLAND January 1-August 15, 2014 we have actually had less single family sales 501 than we did for the same period last year 509... interestingly the average sales price has dropped ever so slightly from $628,476 in 2013 to $625,317 so far this year.....currently there are 684 homes for sale.....that is 16 months of inventory...

The Condo Market ON-ISLAND for the same year to date period has seen only 491 sales so far that is almost 10% less than the 540 sales that occurred same period last year..and the average price is also down about the same 10% with an average of $244,128 for this year.......currently there are 684 condos for sale...that represents about 17 months of inventory...

So I think for the near future it's going to remain very much a Buyer's Market for condos, and still will be a relatively even tug of war for the single family market, with a few distressed sellers out there, and some flush buyers still coming in and paying premiums for what they want....