About Hilton Head Island's Palmetto Hall Plantation

Palmetto Hall Market Update November 2009

Posted by robbie@robbiebunting.com

Dear Palmetto Hall Property Owners and Friends~

Linked below, is the Palmetto Hall Market Report Update. This report shows the active listings, the current pendings and the sold properties. Please note the average per square foot for the actives, pendings as this can help determine current market. Please click below.

+++Click Here for the Palmetto Hall Report November 2009+++ With the forecast that interest rates may be on the rise in Spring 2010, buyers right now are seizing a timing opportunity for property, price and rates. Jane and I recently sold #8 Cherry Hill Lane and #18 Lenox Lane. We are also working on two other home sales in Palmetto Hall. We currently offer homes located at #17 Stonewall, #19 Ellis, #213 Fort Howell, #378 Fort Howell, and #372 Fort Howell and several Palmetto Hall Lots. Please click on any of the underlined links above to see these exceptional properties. The time to make your move is now! Currently we are enjoying "chamber of commerce" days on the Island with temperatures in the 70's and 80's, blue skies and spectacular sunsets. Typically real estate sales on the Island are steady until the Holidays and than busy during the Holiday weeks of Thanksgiving, Christmas and New Years. This year however we anticipate steady activity through the season as the time to buy is now. We would love it if you would forward this email to a client, friend or family member that has interest in the area. We have arranged special travel packages+++CLICK HERE+++ at discounted rates around the Island and have a great mini vacation getaway offer. Jane and I love helping others find their piece of paradise.

With Gratitude~

Robbie Bunting & Jane Hyers

P.S. +++Click Here+++for Market Trends November 2009 for the entire Island.

Palmetto Hall Plantation is a relatively new golf community that is secluded, private and gated. It is a choice setting and is located mid-island, with beautifully landscaping. It sits on 750 acres with wooded, golf, and lagoon views, has two courses—one designed by Arthur Hills, the other by Robert Cupp. The southern-style homes are comfortable and well-hidden from the main streets of Hilton Head Island.

Palmetto Hall is strictly a residential community and does not comprise any resort or commercial entities—hotels, condos, or beach rentals--within the gates, although a short bike ride will lead you to Pineland Station, a chic shopping center with clothing stores, a bank, a party shoppe, a coffee café and several upscale restaurants. Also nearby are Walmart, Barnes & Noble, Hilton Head Hospital, Hilton Head schools, the public library and the airport.

There are many beautiful homes for sale offering picture postcard settings within this family neighborhood. Palmetto Hall real estate owners have access to Palmetto Hall Golf Club, a picturesque and enchanting clubhouse, which offers private dining, a separate lounge, a pro shop and card rooms. There is also a playground, an outdoor fireplace, a pool and tennis courts for all residents to enjoy with friends and neighbors.

After a review of Hilton Head Island communities, it is interesting to note that Palmetto Hall Plantation has survived the real estate slowdown in pretty good fashion. Always a favorite island community, Palmetto Hall is conveniently located at the north end of the island and one of the most recently developed plantations on the island.

PALMETTO HALL REAL ESTATE STATISTICS YEAR TO DATE:

In 2007, there were 20 homes sold as compared to 19 in 2008.

The percent to sales ratio fell from 96% in 2007 to 93.80% in 2008 (still respectable as compared to many national statistics.)

2007 Average Sale Price---$706,885

2008 Average Sale Price---$625,263

2007 Average days on the market---87

2008 Average days on the market---181 (quite an increase!)

Looking at these statistics, it is easy to see that Hilton Head Real Estate is on sale! If you're looking to purchase island real estate, now may be the best opportunity we've seen in many years. Prices are down and sellers have become very reasonable.

Interested in Foreclosures? Contact me for more information about all area foreclosures.

If you have an interest in Palmetto Hall or any of the other Island Plantations, please visit my website for more information. I welcome your inquiries.