Hilton Head Island, SC December 2016 Market Report
Percentage of List Price Received by Price and Property Type
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.