Christopher Bowes says the Greater Hilton Head Island market into Coastal South Carolina has seen a continual slowdown over the past several quarters.

Inventory has increased and homes are staying available for longer periods of time, he says, and there has been a small drop in prices compared to the previous five years of record setting appreciation.

Bowes says the upside in this current market is that there are wonderful investment opportunities both on and off the water and in many of the gated golf communities.

Many families that may have been priced out of a particular community now have the ability to enjoy one of Greater Hilton Head's amenity-filled neighborhood's featuring: fitness centers, tennis courts and world-class golf courses.

So what does the future hold for Greater Hilton Head?

Bowes predicts an up tick in this market towards the end of this year and continued steady demand as buyers relocate from other parts of the country to escape everything from cold winters to high taxes.

And another big draw for this market is the new home sector, says Bowes, as developers offer great incentives to sell off their standing inventory.

For more information on this area, contact Chris Bowes at:
CoastalInvestmentNetwork.com.

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Published: April 18, 2008

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