Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
They bought the two-bedroom condominium in an oceanfront golf resort for $429,000 in April. Values this year in the Hilton Head area jumped 11.1 percent from the first five months of last year and sales rose 9.3 percent, according to the South Carolina Association of Realtors. Prices are still down by about a third from 2007, near the real estate market’s peak.
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