Turning over a new leaf....

Ok, ok..........I am still a bad blogger! May 31-- last entry--yikes! Today is July 28th and we are enjoying a steamy day of clear sunshine on the Island. A great beach day or perfect for boating or kayaking. Me, I am inside, typing....but it's cool!!

Real estate sales here are still a bit on the lukewarm side, but you know what that means: good buys for buyers! For most of 2004 and all of 2005, Hilton Head Island was in an upsurge of property values, as was the case with most coastal markets. Our market has seen cooling in terms of number of transactions, but selling prices are still fairly steady. Overpriced properties are beginning to come down as sellers reluctantly become more realistic. Many investors bought with the intent of reselling immediately and are now faced with the prospect of paying on mortgages that they had hoped not to.

Opportunities? You bet! As many of these speculators bought multiple properties or bought at the very top of the market and are heavily leveraged, there are several opportunities in all price ranges available now for buyers who can buy and afford to keep a property for 2-3 years. If you have thought of a vacation home on Hilton Head, this is a great time to buy. Motivated sellers mean buyer power, there's no two ways about that!

Otherwise, business is booming here! The tourists are out in full force, restaurants are busy, shopping areas bustling, and all is good. Please come and visit us if you have not already. Hilton Head is a most unique spot and a little piece of paradise.....and just plain fun!!