Despite all of the negative real estate news nationally and locally,  I'm seeing a bit of an uptick in the Hampton Hall Real Estate Statistics for November.  There is a gradual strenghtening in home prices and less inventory on the market compared to this same time period last year.

For the month of Novmeber, there were 5 new listings that came on the market with an average list price of $697,400. 

We saw 3 homes go pending that had an average listed price of $592,665. 

One home closed with a average closed price of $530,000.

Total sales for the month  was $530,000 with an average days on the market of 180 days. 

Closed price to List Price ratio was 91.38%.

Keeping in mind that November was one of the worst months for the year so far, it is at least encouraging to see some pendings and a sold transaction.

Information is derived from the Hilton Head MLS, deemed to be correct but not warranted.

INTERESTED IN HAMPTON HALL REAL ESTATE?  I would be delighted to assist you with ANY real estate (whether purchasing or selling) in the Lowcountry.  PLEASE VISIT MY WEBSITE.  I WELCOME YOUR INQUIRIES, QUESTIONS AND REFERRALS ANYTIME. 

It appears the future is looking brighter for sales of homes in Hampton Hall.  After pouring through recent MLS statistics for the neighborhood,  it is apparent that inventory levels are declining.  What can that be attributed to?  Most likely, sellers are becoming more realistic and are more tuned into local market conditions.  Currently, there are only 59 homes listed compared to almost 80 last year at this time.  So, I guess that will give some comfort to sellers who have been eagerly looking forward to being able to get their homes sold. 

Let's take a look at year to date activity in Hampton Hall:

Year to date there were 84 new homes listed

33 Pending and 31 Closed Transactions

Average Listing Price  $590. 274

Average Pended Price  $489,665

Average Closed Price  $483,399

Total Sales  Volume Year to Date  $14,985,375

List Price/Closed Price Ratio:  94.74%

All statstics have been derived from the Hilton Head MLS and while deemed to be correct, are not guaranteed. 

IF YOU HAVE AN INTEREST IN SELLING YOUR HAMPTON HALL HOME, CALL "THE TECH TEAM"--Diane Bell and Jennifer Bell.   We'll put out vast internet marketing program to work for you! 

For more information, visit our website--We specialize in the Hilton Head and Bluffton Real Estate Markets.

With all of the new housing words in our vocabularies.....short sales....deeds in lieu of foreclosure.....deficiency judgment.......foreclosure.......declining values.......It's no wonder that many home owners are completely perplexed what direction to take if you absolutely must sell your home. 

Sellers often ask me why they should consider a short sale rather than just letting the property go back to the bank in a foreclosure.

It's really quite simple----If you are able to do a short sale (and that is when the bank accepts less than is owed on the property), the short sale will be far less damaging to your credit rating.  It should appear as a "settled debt" once the transaction is completed rather than the more damaging "foreclosure" which can appear for 7 years on your report.

Are you facing a serious situation with your home in the Lowcountry areas of Hilton Head and Bluffton? Do you need to sell quickly?  If so, please visit my website or feel free to give me a call @ 843-247-5419 to discuss your options.  I'll put my years of experience to work for you and guide you to make wise decisions.