MAY 2010 SALES ACTIVITY IN HILTON HEAD PLANTATION

May 2010 Real Estate Activity in Hilton Head Plantation continues to be pretty good with 19 (homes/villas) properties going under contract in May. “Supply and Demand” still is very important in determining home prices. A supply of less than 5 – 6 months will show an appreciation in prices, a 5 – 6 month inventory is a normal market while an inventory with over a 6 month supply will have Sellers seeing a price depreciation. Today in HHP there is a 7.2 month supply. With this, values will continue to be challenged. This downward adjustment could very well be increased due to two things—the raising of bank rates and “Shadow Inventory.” Shadow Inventory is Pent-up Sellers and Distressed Properties (i.e. short sales and foreclosures). We have heard stories of people living in foreclosed or pre-foreclosed properties without making any monthly payments. One day the banks will bring these properties to the market.

Our advice if you want to sell, would be to “Git-R-Done Now!” Price it Right, have it in the Best Condition, Work All Offers and Use Service of a Professional REALTOR. The Charles Sampson Real Estate Group of Charter One is ready to put our award winning marketing and our service to work for you. Please give us a call if you have any questions. Check out our Blog — HiltonHeadInfoBlog.com or our website, CharlesSampson.com

Dates to Remember:

6/26 Grand Opening of the Children’s Center Noon – 3 pm, 8 Nature’s Way near Jarvis Park

6/23 – 8/1 The Who’s Tommy – Arts Center of Coastal Carolina

7/7, 14, 21, & 28 Hilton Head Symphony Orchestra – Picnic & Pops (7/7 “Broadway Tonight”)

7 pm Shelter Cove Community Park www.HHSO.org for further info.

HOMES, VILLAS & LOTS UNDER CONTRACT

10 Sara Court

21 Golden Hind

38 Savannah Trail*

2 Savannah Trail

8 Purple Martin*

20 Rusty Rail Lane

25 Pineland Road

50 Pineland Road

3 Wimbrel Lane

301B Indian Springs Villas

6 China Cockle Lane

3 Tealwood Court*

10 China Cockle Lane

17 Angel Wing

4 Oyster Reef Drive*

20 Ellenita Drive*

2 Angel Wing

11 Sams Point Lane*

25 Flagship Lane*

HOMES, VILLAS & LOTS SOLD

34 Pearl Reef Lane** (Lot) $72,000

10 Sara Court $250,000

11 White Tail Deer* $325,000

2 Trillium Lane** $335,000

34 Deerfield $275,000

48 Edgewood Drive* $365,500

2 King Oak Court* $395,000

16 Winding Trail Lane* $408,000

301B Indian Springs Villas $410,000

53 Big Woods Drive* $475,000

13 Hickory Knoll Place** $475,000

6 Stonegate Drive* $520,000

8 Ivory Gull Place** $575,000

3 Christo Drive** $615,000

25 Flagship Lane* $975,000

*Charter I Realty represented the Buyer, Seller, or Both**