Real Estate Trends in Sea Pines Plantation

I am not a firm believer in average on homes that are not similar. However, they do serve a purpose n spotting trends in the market place.

Sea Pines plantation is located on Hilton Head Island and considerred the premier residential resort destination on the island and else where. The develpment guidelines that were established by Sea Pines Company are copied all over the world. Numerous employees of Sea Pines have gone on to develope world class residental and resort communities. So, when it comes to real estate on the island Sea Pines tends to lead the way in sales, appreciation and rebounding from down turns in the market.

The number of new listings peked in March 2008 and the number of homes going under contract had two strong months: February and July 2008. September had a good month for new contracts, but October was dismall.

The month of October was by far the worst month for our economy in a long time, and hopefully we will begin to rebound over the next year.

2008 YTD we have had 322 new listing, 120 go under contract, 119 close, 170 DOM and the CP was 92% of LP.

2007 YTD had 389 new listing, 151 go under contract, 143 close, 141 DOM and the CP was 93% of LP

2006 YTD had 343 new listings, 134 go under contract, 137 close, 101 DOM and the CP was 94% of LP