Buyers purchasing houses for over $500,000 — sight unseen. High-stakes bidding wars. A 75% drop in the number of homes for sale.
Welcome to Hilton Head Island’s real estate market. It’s a “frenzy” in 2021.
The Island Packet and Beaufort Gazette spoke to local real estate agents over a year ago about an upswing in home sales after South Carolina’s first surge of COVID-19 cases.
What’s changed since then?
“It’s beyond crazy,” said Lea Smith, an associate broker at RE/MAX Island Realty.
Hilton Head’s market is red hot. People from around the country are flocking south, real estate agents say. Taxes are lower here, it’s beautiful, and the pandemic has upended work culture, with more residents able to attend virtual meetings, agents say.
“It’s, ‘Honey, why wait? Let’s do this. Honey, we can work from anywhere. Let’s do this,’” said…