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John March, Broker/Realtor Low Country Home Buyer Services

Sales of Single Family Homes Sun City Hilton Head August 2008

There is still quite a bit of inventory, down a bit from the high of 265 homes. Now is the time to buy a home in Sun City Hilton Head Sales 1 August-1Sept 2008 Average Days on the market: 162 Average Sell Price: $226,850 Average List Price: $242,180 Average Discount off List: 7% There are currently 247 Active Listings in Sun City Totals Sold from 1 January to 1 September 2008 Total for 9 Months: 153 Sales Average DOM 108 Average Sell Price $237,518 Average List Price $251,326 Average Discount off List: 6% Sales

MLS # Street Address BR BA List Price Sell Pr Sold Date DOM
 
246909
85 Andover Place  2/0  $165,500 $154,000 8/27/2008  139 
251447 98 Penny Creek Drive 2/0  $249,000 $250,000 8/6/2008  28 
243728 21 St. Andrews Lane  2/0  $244,900 $239,000 8/1/2008  274 
243849 31 Coburn Drive, East  2/0  $184,500 $171,500 8/27/2008  288 
248220 553 Colonel Thomas Heyward Rd.  2/0  $179,900 $170,000 8/20/2008  150 
 
242740
22 Golden eagle Drive 2/0  $199,200 $185,000 8/15/2008  310 
249192 116 Lazy Daisy  2/0  $164,900 $150,000 8/27/2008  138 
251371 130 Lazy Daisy Drive  2/0  $169,000 $169,000 8/18/2008  20 
246910 17 Catamaran Ln.  4/1  $595,000 $555,000 8/21/2008  146 
249162 53 Doncaster Lane  2/0  $269,900 $225,000 8/18/2008  130  </form>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fortune Tellers: Builders Stock Portfolio

As a follow up to the last post here is the model protfolio-Prices are those from August 29, 2008

Earnings Reports for the thrid quarter are scheduled for Pulte, on Sept 3rd Hovnanian and Toll Brothers on Sept 4th. Let's see what the stock market genie will reveal in the days ahead.

Name Symbol Last price Change Shares Cost basis Mkt value Gain Gain % Day's gain Overall Return
Meritage Homes Corporation MTH 23.42 0 270 6333.75 6323.4 -10.35 -0.16 0 -0.16
Pulte Homes, Inc. PHM 14.51 0 310 4509.25 4498.1 -11.15 -0.25 0 -0.25
NVR, Inc. NVR 597.73 0 8 4791.75 4781.84 -9.91 -0.21 0 -0.21
Beazer Homes USA, Inc. BZH 6.96 0 718 5009.41 4997.28 -12.13 -0.24 0 -0.24
Toll Brothers, Inc. TOL 24.88 0 200 4984.95 4976 -8.95 -0.18 0 -0.18
KB Home KBH 20.8 0 240 5001.75 4992 -9.75 -0.19 0 -0.19
Orleans Homebuilders OHB 4.9 0 1020 5002.95 4998 -4.95 -0.1 0 -0.1
Hovnanian Enterprises, Inc. HOV 7.14 0 700 5009.95 4998 -11.95 -0.24 0 -0.24
D.R. Horton, Inc. DHI 12.46 0 401 5005.42 4996.46 -8.96 -0.18 0 -0.18
Centex Corporation CTX 16.22 0 308 5000.71 4995.76 -4.95 -0.1 0 -0.1

Builder Stocks As Fortune Tellers

Is now the time to Buy Builder's Stock? (Buy a home?) (Get on with life?)

Pulte Homes Inc is the Builder for Sun City Hilton Head. I've been watching this stock for several weeks now. People are buying it and other Builder stocks as well.

I'll give you a list at the end of this post of the top ten.

Pulte Stock Performance

Growth Rate -9.00 Sales (Yearly Sales - $Millions) $8,445.00
Earnings Per Share) $-1.75 Mkt Cap (Market Capitalization - $Millions) $3,735.00

Below is a 5 year chart on a month to month basis. This stock is establishing a base and is trading in a $10-15 dollar range.

I think this stock along with other builders is being quietly purchased. Perhaps the Builders are buying back their own stock--I haven't checked that out, but it's a real possibility. They are buying "low." And someday they will sell there stocks "high."

(Stock Chart is from BIG CHARTS.com)

There is a right time to buy. However, it is very tough for most of us to "pick a bottom" But this stock chart is an indication to me that there is some nibbling and some forward-looking confidence. The same holds true for the housing market. Because of fear of overpaying, people want to pick a bottom. The risk is that they miss opportunity.

There is also the fear of the unkown that holds people back--will the economy fold? Will gas prices continue to climb?This is the wall of worry--fear keeps people stuck. Most of what is feared never comes to pass and it is an unhealthy way to live.

As my late mother-in-law used to say: "Columbus took a chance." Calculated risk-taking is prudent risk. And you can win. Sit on the sidelines for too long and you lose. Control what you can control and leave the rest to the Almighty--but MOVE. FORWARD.

Here are ten stock picks. Put them in a watchlist and WATCH...I am not giving any investing advice--so, you're on your own. The Stock Symbol is in Parenthese.

Pulte (PHM), Meritage (MTH), NVR Inc (NVR) Beazer Homes (BZH), Toll Brothers (TOLL), KB Homes (KBH), Hovnanian (HOV) Orleans Home builders (OHB) DR Horton (DHR) Centex(CTX)

All of these builders, with the exception of Beazer, Meritage and NVR, build in my neck of the woods, Bluffton S.C.

If you purchased these stocks on January 2, 2008 and held them to date, your portfolio would have gained 14%. (and I don't believe in" buy and hold"--but that's another subject)

What is also indicated here for these stocks is that they have momentum. Just for fun, I'll put these in a model portfolio and paper trade the portfolio with $50000. Let's see how these stocks do over the coming weeks. The stock market is a forward looking indicator. Let's see what it tells us.

Sun City Hilton Head Facts: Age Restrictions

SUN CITY HILTON HEAD AGE RESTRICTIONS

Ask anyone who lives and works here about the age restriction requirements in Sun City and will get different answers . The only way to know for sure is to read the rules. Here are the rules:

Sun City Hilton Head is an age restricted community in compliance with all applicable state and federal laws. It provides housing primarily for people who are 55 years of age or older. Every household must contain one resident who is age qualified. However, the developer has reserved 20 % of NEW CONSTRUCTION for those who are between 50 and 55.

At all times, at least 80% of all residential units must be occupied by one age-qualified person. In the event that any qualifying occupant ceases to reside in the home all documented co-occupants may continue to occupy the home to the extent permitted by applicable federal and state laws and community restrictions

Children Under 18: In all cases, children under the age of 19 may not be residents and qualify as guests for a maximum of 90 days in any calendar year.

The Greater Bluffton-Hilton Head Active Listings & Pending Sales

Buy NOW!

"Waiting", trying to time the market is difficult to do. Investors find our area to be ideal--favorable taxes, and abundance of second home and vacation rental opportunities, and now a very good opportunity for residential rentals.

Sellers are open to lease-options, owner financing and we do have our share of REO's--bank owned properties--pre-foreclosures and foreclosures--all buying opportunities for those who don't want to miss out--

Now is a great time to buy!

The data below reveals the current inventory of all residential properties available in our area.

Key to Areas

1-Sea Pines, 2-Forest beach 3-Shipyard, 4-Wexford, 5-Long Cove, 6-Palmetto Dunes/ShelterCove, 7-Folly Field, 8-Port Royal, 9-Hilton Head Plantation, 10-Palmetto Hall, 11-indigo Run, 12-Spanish Wells, 13-Wind Mill Harbor, 14-Hilton Head/Off Plantation, 15-Daufuskie Island, 16- Bluffton/ Off Plantation, 17-Moss Creek, 18-Colleton River, 19-Belfair, 20-Rose Hill, 21 Berkely Hall, 22-Palmetto Bluff, 23-Sun City/Riverbend, 24-Oldfield, 25-Callawassie Island, 26-Spring Island,27-Beaufort Counrty-Norht of the Broad River, 28-Beaufort County-South of teh Broad River, 29- Brays Island, 30- Dataw Island, 31 Hampton Hall, 32 Hampton Pointe, 40 Jasper County, 41 Allendale County, 42-Bramwell County, 43-Colleton County, 44Hampton County, 45 Orangeburg County, 46 Bamberg County, 50 Hilton Head South, 51- Hilton Head East, 52-Hilton Head Norhteast, 53 Hilton Head North West, 54 Hilton head West, 55-Off Island

Active Listings As of 12/07

Key to Abreviations

AVG LP= average List Price

AVG CP= Average Closed Priced

AVG DOM= Average Days Homes Have Been on The Market

%CP/LP= Percent of Closed Price received as compared to Asking Price

AreaNewAvg LPPendingAvg LPClosedAvg CPTotal Sales%CP/LPAvg DOM
121$1,382,6149$1,067,21112$1,020,45812,245,50090.88%235
24$2,736,2122$1,277,4501$2,500,0002,500,00083.33%1,050
30$00$00$000.00%0
44$1,621,2251$1,995,0003$1,596,5004,789,50088.86%24
51$1,285,0003$1,264,3330$000.00%0
66$2,193,7160$03$2,613,3337,840,00089.82%64
72$2,950,0000$00$000.00%0
85$2,368,6002$849,0001$495,000495,00095.38%88
915$453,98611$566,18116$527,3158,437,05094.80%105
101$799,0003$670,6332$819,1661,638,33394.76%73
115$835,4000$03$1,750,0005,250,00090.95%194
121$449,5000$02$1,725,0003,450,00089.75%119
132$1,472,0000$01$1,420,0001,420,00089.03%0
147$722,4141$387,0003$331,666995,00096.79%145
153$2,061,6331$3,379,0000$000.00%0
1676$349,32126$226,56317$288,5014,904,53197.17%95
176$440,3993$453,0006$370,8332,225,00094.95%71
188$1,317,3750$01$895,000895,00085.32%112
193$1,224,3002$897,0002$650,0001,300,00097.09%80
205$364,3800$02$250,125500,250110.19%269
213$1,891,3330$02$799,0001,598,000100.00%394
220$00$00$000.00%0
2339$284,39712$325,63317$254,9054,333,40093.82%101
240$00$00$000.00%0
252$401,0001$272,0001$501,000501,00096.91%542
262$2,149,5000$01$2,700,0002,700,00078.26%311
2712$347,4957$266,4989$242,6082,183,47496.69%80
280$01$749,0000$000.00%0
300$00$01$695,000695,00093.29%134
315$692,3805$484,1506$579,4623,476,77591.89%217
323$344,3081$414,9750$000.00%0
4013$254,7231$120,0003$134,266402,80093.67%110
410$00$00$000.00%0
430$00$00$000.00%0
441$165,0001$89,9000$000.00%0
450$00$00$000.00%0
462$187,0000$00$000.00%0
$1,094,627 $787,726 $964,96474,775,61393.07%200