Hilton Head Plantation Follows
National Trend

In a recent article by RISMedia stated, "The strong summer selling season in 2009 has led to a decreasing difference between the last listing price and final sale price, but most buyers are still getting some additional discount at selling time," said Zillow Chief Economist Dr. Stan Humphries. "We expected list-to-sale price ratios to fall as the sales volume picked up during the summer, and the California markets are showing strong declines in the discount off the last listing price, relative to levels at the start of the year. This is fueled both by increased sales and high proportion of foreclosures re-sales, which are already priced relatively low".

"This is also true for sales in Hilton Head Plantation", says Matt Houle, agent/owner of Exit Realty of Hilton Head.  He continues, "the strong sales months of the summer saw an increase in buying activity, including a reduced last list price to sale price ratio.  Buyers are, of course still looking for deals, which in part is driving this tighter ratio since prices in many cases are already low.  I suspect we will continue to see this trend play out over the next several quarters as short sales and foreclosures continue to surface and buyers focus on the great values available", says Houle.  Want to read more click here.