Momentum Builds for Affordable New Homes on Hilton Head

Stop with the, “I can’t” and the “maybe someday.” You don’t have to dip into your retirement fund to afford a new home on Hilton Head Island.

A surge of new construction in four of its Hilton Head communities has Bluffton builder Village Park Homes challenging the notion that families seeking the island lifestyle have to settle for aging resales or parking lot views. Three of the company’s island communities offer new homes at prices that rival some of those on the mainland, and two of the communities are within walking distance to the beach.

“People want to live on Hilton Head but it can be cost prohibitive. We’re opening the door to the island lifestyle at an affordable price,” said Leslie Ehlers, marketing director for Village Park Homes. “We’re giving people the opportunity to build new and enjoy the perks of beach access, entertainment, dining and golf. It’s an attractive alternative to an aging island home with dated interiors and the looming expense of roof and HVAC replacement.”

Village Park Homes offers both single-family and townhome options on Hilton Head. In the Allenwood community, off Gumtree Road, new townhomes start in the area of $240,000 while single-family homes start around $250,000. In the new Tansyleaf community, off Spanish Wells Road, single-family homes start in the upper $200,000. At Beach City Place, located mid-island and within walking distance to Port Royal Sound, prices for a new home start around $330,000.

“All three of these communities offer new single-family homes at considerably less than Hilton Head’s median sales price,” Ehlers said. Even Village Park’s most expensive island community, Sandcastles by the Sea, offers new homes starting in the upper $400,000 and is less than a half-mile from Folly Field Beach, Ehlers said.

According to April market reports from the Hilton Head Area Association of Realtors, the median price of a detached home on Hilton Head was $539,500. And although Beaufort County does not necessarily have a housing shortage like other metropolitan areas across the country, land opportunities on Hilton Head are dwindling which boosts the demand for new island construction.

Ehlers said the high demand for affordable new homes is evident in the surge of interest in all four of its island communities. Village Park Homes has experienced more than a 100 percent increase in sales compared to this time last year, she said.

“Builder confidence continues to be fueled by the consumer demand for the Lowcountry lifestyle,” Ehlers said. “Inventory is in demand and smart buyers and investors are recognizing that now is the time to take advantage of these opportunities before the inventory and price point are no longer available.”

Courtesy Island Packet

Related posts