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June
19 , 2007
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The
high end real estate market on Hilton Head Island, specifically
direct oceanfront homes, posts a healthy mark so far
in 2007. Year-to-date there are 16 oceanfront homes
either under contract or already closed. Total sales
volume from oceanfront home sales only is just under
$73 million! Average sales price is $4.5 million.
The area on Hilton Head Island seeing the most transactions
for oceanfront homes is Sea Pines Resort. Located on
the south end of the island, Sea Pines is home to the
famous Harbourtown Lighthouse and Village, South Beach
Village, and the MCI Heritage Golf Classic.
Sea Pines Resort tallied 9 sales, Forest Beach has had
5 sales and one sale each in Port Royal Plantation and
Palmetto Dunes Resort.
Part of the reason for the strong oceanfront market
is the current selection. There is so much to choose
from that buyers are taking advantage and getting exactly
what they want, at a price that they really like.
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