Our market is affected by short sales and foreclosures more than ever. How are these short sales and foreclosures impacting the Hilton Head Island real estate market?

I thought you might like to see exactly how Hilton Head real estate sales stack up over the past eight years. Remember, in 2001 we were in a recession exacerbated by the terrorist attacks and in 2002 the economy started to show signs of recovery. From 2004 to 2006 the real estate sales in Bluffton and Hilton Head experienced unprecedented appreciation. The mortgage backed securities market started springing leaks in the summer of 2006 and in the fall of 2008 the banking and financial industries collapsed.

With all of that as a backdrop, here’s how things stack up according to Hilton Head Island MLS statistics for the first half of each year since 2001 and then for the specific month of June:

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