Real Estate Information Archive

Reports by the media, and powers that be "that 2009 will bring a recovery from the recession" may end up being true and it  may not, only time will tell....but in my humble opinion just as the constant doom and gloom  created an unbelievable haze over investors in both the equities and real estate markets, I have a strong feeling this more "favorable" message will create a more "comfortable" investor in the coming months for Hilton Head Real Estate......perhaps Hilton Head is already benefiting from this change in psychology....per our Hilton Head MLS, the number of homes under contract in the last 23 days(54) is more than double the entire amount of homes under contract in the month of January this year(25). The same holds true for the condo market On island villas/condos under contract in January 2009 was (31) so far in the month of April up until today there have been (52) villas to go under contract....I'm sure some of this is being driven by the small foreclosure market we have here, as well as some dramatic price reductions almost across the board....don't get me wrong it is still a buyers market here...but keep checking the sales numbers and I'll bet you find us doing better and better in the months ahead....You can call Sean Ryan and Associates anytime for updated lists of foreclosed properties on Hilton Head or visit our site and click  on the Foreclosure link at www.LiveOnHHI.com.

Folks..... to say anything more about the state of the economy is pointless.....and we certainly are seeing the effects down here in Hilton Head. The real estate market is still pretty flat, but frankly we've been working hard and are still helping our clients buy and sell homes every month. We are seeing some areas where prices are already starting back up and still others where no sales are happening, so prices will probably still move down.

I have repeated to friends, clients and associates, this "crazy" environment has lots of similarities to a time not that long ago......it was about two and half years ago when standing in line at the Coligny Bi-lo I overheard the checkout girl telling another associate she was buying an investment property.....I listened a bit more and found out she was buying into one of the apartment conversions where the developer was paying for the first year's condo fees....now looking back it is clear to see when everyone is talking about buying an "investment" property, that it was probably a good time to sell......now fast forward to October 10, 2008, everyone is talking about what they will have to sell to live.....I mean young and old together think it's the end of the world....the same level of "nuttiness" is showing itself at the opposite end of the spectrum......   now I'm not here to say the bell for the bottom is ringing, but I will be happy to bet anyone who reads this post a dinner  that in 15 months, the Hilton Head and Bluffton market will have recovered and be seeing some nice gains.... I know those who want instant gratification will think that's not soon enough, but like any other investment worth making, a long term perspective is what the smart money looks at.

Please feel free to call me, Sean Ryan, to take me up on the bet, or to find out more about some awesome opportunities. There are some fantastic deals, foreclosures, short sales, and just plain motivated sellers. Now more than ever it's important to have a Realtor who is looking out for your best interests, please let us work for you.