Hilton Head Island, SC December 2016 Market Report

By
Real Estate Agent with The Alliance Group Realty 82984

Hilton Head Island, SC December 2016 Market Report

 

Percentage of List Price Received by Price and Property Type

Perecentage of List Price Received

Hilton Head Island Home Prices

So with a solid 15 months of a fairly stable market, we are finally feeling as though we're turning a corner. It is neither a buyers' nor a sellers' market; though obviously there are pockets of both resistance and of higher growth. The average number of closed sales for the past 15 months is up 6.8% and the MEDIAN closed sale prices are up 6.5%. There are about 6% new listings which is why the prices are more stable than one would think. Though our inventory has constricted in some price points - the popular $275,000 to $325,000 range - there are other ranges that continue to show some signs of stickiness.

The CURRENT INVENTORY of homes in the gated communities on Hilton Head Island are varied.

Hilton Head Real Estate Summary - Sampling by Community

Sea Pines Resort

2016 Year to date new listings UP 12.4%

Closed sales UP 2.9%

Median closed price DOWN 2.4% to $601,500

Days on Market DOWN 12.4% to 172

Palmetto Dunes/Shelter Cove

2016 Year to date new listings DOWN 13.5%

Closed sales DOWN 14.5%

Closed prices UP 8.2%

Median closed price UP 8.2% to $795,000

Days on Market UP 3.2%

Hilton Head Plantation

2016 Year to date new listings DOWN 6.4%

Closed sales UP 14.8%

Median closed price UP 2.4% to $419,900

Days on Market up 9.3% to 130

For a particular search in a community you think you'd like feel free to search and create a personal alert!

If this encourages you to think about marketing your home I'll be happy to provide you with a value for your home.

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Real Estate Market Trends
Location:
South Carolina Beaufort County Hilton Head Island
Groups:
Market Reports
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hilton head island december 2016 market report
hilton head island 2016 market comparisons

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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I am a market report junkie and I enjoy seeing what is up in your neck of the woods Susan Jacobsen! That is a ton of information, which I love. Well done!

Jan 08, 2017 05:20 PM #1
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Susan Jacobsen

20 Years Providing WOW Real Estate Service
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