Real Estate Update

Posted by Paige Rose on Monday, August 19th, 2019 at 1:33pm

Hilton Head Island Real Estate Update - July 2019 

Hello Friends!

We're bringing you the latest updates on the Hilton Head and Bluffton real estate market through July 2019. Grab a seat! Here's what we're covering:

  • New listings of homes and villas
  • Closed sales
  • Median sales price
  • Percentage of list price received
  • Days on the market
  • Neighborhood activity shifts

For the 12 months spanning August 2018 through July 2019, pending sales in the Hilton Head region were up 4.5 percent overall and the median sales price was up 3.2 percent. Market-wide, inventory levels were up 0.4 percent equating to 5.0 months supply for single-family homes and 4.7 months supply for condos. 

 

Hilton Head Homes

Key MetricsJuly 2018July 2019% ChangeYTD 2018YTD 2019% Change
New Listings 130 119 -8.5%% 946 845 -10.7%
Closed Sales 117 113 -3.4% 592 541 -8.6%
Median Sales Price $555,000 $500,000 -9.9% $540,000 $532,500 -1.4%
% List Price Received 95.2% 95.7% 0.5% 95.6% 95.9% 0.4%
Days on Market 156 164 5.3% 155 164 5.5%

 

 

Hilton Head Villas

Key MetricsJuly 2018July 2019% ChangeYTD 2018YTD 2019% Change
New Listings 124 89 -28.2% 942 917 -2.7%
Closed Sales 97 96 -1% 698 705 1.0%
Median Sales Price $220,000 $276,250 25.6% $236,750 $250,000 5.6%
% List Price Received 96.5% 95.7% -0.9% 95.8% 95.7% -0.1%
Days on Market 107 146 36.1% 128 134 5%

 

 

Mainland Homes & Villas

Key MetricsJuly 2018July 2019% ChangeYTD 2018YTD 2019% Change
New Listings 237 254 7.2% 1,808 1,939 7.2%
Closed Sales 205 251 22.4% 1,422 1,439 1.2%
Median Sales Price $277,000 $293,750 6% $285,000 $300,000 5.3%
% List Price Received 97.8% 97.9% 0.2% 97.6% 97.6% 0%
Days on Market 118 123 4.3% 128 124 -2.7%

 

Neighborhood Activity Shifts

The following Hilton Head and Bluffton communities are showing year-to-date increases in closed sales compared to last year.

Shipyard Home Sales up 116.7%
Closed sales through July 2018 - 6 Closed Sales
Closed sales through July 2019 - 13 Closed Sales

Long Cove Home Sales up 31.3%
Closed sales through July 2018 - 16 Closed Sales
Closed sales through July 2019 - 21 Closed Sales

Palmetto Dunes Home Sales up 6.8%
Closed sales through July 2018 - 44 Closed Sales
Closed sales through July 2019 - 47 Closed Sales

Windmill Harbour Home Sales up 16.7%
Closed sales through July 2018 - 18 Closed Sales
Closed sales through July 2019 - 21 Closed Sales

Colleton River Home Sales up 15.4%
Closed sales through July 2018 - 13 Closed Sales
Closed sales through July 2019 - 15 Closed Sales

Rose Hill Home Sales up 80.8%
Closed sales through July 2018 - 26 Closed Sales
Closed sales through July 2019 - 47 Closed Sales

Palmetto Bluff Home Sales up 270%*
Closed sales through July 2018 - 10 Closed Sales
Closed sales through July 2019 - 37 Closed Sales

*First year of developer sales in Hilton Head MLS

Hampton Hall Home Sales up 15.6%
Closed sales through July 2018 - 45 Closed Sales
Closed sales through July 2019 - 52 Closed Sales

What to expect:
Expect more listings to exit the market over the next several months. If you're having a tough time finding what you're looking for, you have choices. You can always keep an eye on the market by signing up for saved search notifications on CharterOneRealty.com, where you'll find every Hilton Head neighborhood on this site. Want to be more aggressive? Call us at 844.526.0002. If we know exactly what you're searching for, we can find it for you.

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