SOURCE: REED Real Estate Group
The impact of distressed sales on various price points in the Hilton Head Island real estate market appears to be declining. This could well be a sign of recovery for the local real estate market according to the highly effective real estate listing agents in the Reed Real Estate Group.
Hilton Head Island, SC (PRWEB) March 21, 2013
The Reed Real Estate Group – perennial top producers in the Hilton Head Island real estate community – see significant signs suggesting a resurgent real estate market in this region. With the increasing popularity of shopping online, many more of home buyers now start their search for real estate via the internet. For many years, the Reed Real Estate Group has been operating in this area with an excellent track record. The most impressive features of their website include up to 50 hi-resolution images of the properties, Google mapping, automatic pan photo flash pop-ups, multiple request information forms, descriptions of interior and exterior features, a long and short-term rental module, and much more.
The Reed Real Estate Group recently carried out a comprehensive review to determine the impact of distressed sales on different market segments that impact real estate pricing. This study reveals that distress sales still have a direct impact on prices market wide. However, the good news is that this impact appears to be declining as the number of buyers is increasing.
According to this study, the total number of distress sales for 2012 in Southern Beaufort County was 979. This figure is likely to decrease this year as only 278 distressed properties are currently for sale in the local market. Describing the overall condition of the market, a senior official from the Reed Real Estate Group said, "As we begin to emerge from this downturn, the market should continue to improve for sellers over the next few years with more buyers gaining confidence to enter the market."
The foundation stone of the Reed Real Estate Group was laid in the 1986 by Charlie Reed, a pilot for Braniff International Airways who took real estate as nothing more than an interim job. Almost three decades down the line, the real estate company he started – Charter One Realty – has established itself as the top producing real estate company on Hilton Head Island. This success is due in large part to the professionalism and work ethic of Charlie and the other members of the Reed Real Estate Group: Andy, Rich, and Tom. Hear what others say…
Recommending their service, Arnie Nothnagel from Hilton Head Island says, "When I first inquired about a property on HHI, I contacted several realtors. None of them inspired confidence. I then met Tom Reed of the Reed Real Estate Group. From my first conversation with Tom, I knew I had met someone who would guide me toward the correct real estate decision. This judgment has stood the test of time from both a satisfaction and investment perspective. With Tom's assistance, I am currently working toward my next real estate purchase on HHI. I strongly recommend Tom Reed and his associates".
About The Reed Real Estate Group: The Reed Real Estate Group is among the most trusted real estate agents in the Hilton Head Island market. They note significant signs that suggest the beginning of a recovery for the local real estate market.
Reed Real Estate Group
11 Park Lane
Hilton Head Island, SC 29928?
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebHiltonHead/RealEstate/prweb10491928.htm
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