SC: Lowcountry Real Estate Market Improving

The real estate business chugged toward recovery last year in both the Hilton Head Island and Beaufort areas, according to statistics and Realtors. Home, condo and villa sales increased 16.1 percent to 2,486 in the Hilton Head area and by 21.7 percent to 963 in the Beaufort area compared to 2009, the South Carolina Realtors recently reported.

Those are the best marks of any of the 15 markets tracked by the state association. Only seven markets recorded more sales in 2010 than 2009. Overall, state sales were up 0.2 percent. The increasing local sales volume has area Realtors encouraged the recession’s effects are receding from South Carolina’s coast.

Even though prices remain depressed and many sales these days occur as a result of a foreclosure or with one looming, any sales are welcome after the national economic downturn, said Island Realty’s Todd McDaniel, 2010 president of the Beaufort County Association of Realtors.

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Full Story from Island Packet

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