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 Metrics | July 2018 | July 2019 | % Change | YTD 2018 | YTD 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 Metrics | July 2018 | July 2019 | % Change | YTD 2018 | YTD 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 Metrics | July 2018 | July 2019 | % Change | YTD 2018 | YTD 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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