Hilton Head Island South Carolina 2020 report

[Ron Williams]

Here is a graphic to show what real estate has done on Hilton Head Island this past year. I have included most of the areas where short term rentals happen. This trend seems to be continuing into 2021. One interesting thing that seems to be happening is there are more purchases being made by owners who are pulling their units out of the short term rental market. The effect this is going to have on visitors coming to Hilton Head is something I will be watching. Currently STR's are seeing a 10-15% increase in rental rates for the summer of 2021.

  The long term rental market is seeing similar results only I would say the increase in rental amounts is even higher in some areas than 15%.  

Hilton Head was also a top 10 market in the United States for flips in 2020.  

This market is still a great area to invest.  The entry point is higher than it has been in the past 10 years, but there is still some solid upside and the investment numbers do work.  If you are looking to own a property here in the Low Country, now is the time to get in.  

[Ron Williams]

@Todd Goedeke

You have 2 different users for the extra weeks. There are families and extended families willing to spend a week here in September, October, March, April, and May. May-September will always fill. 

Golfers come October, the first half of November, most of Feb, March, and April.

The other factor is larger short term rentals are becoming tougher to find. More people are staying here as opposed to renting their units.