HHI Market Update | Page 12

Local Market Update – August 2016

Local Market Update – August 2016

A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS ®

7 : Folly Field

Condos / Villas Only
August Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
16
21
+ 31.3 %
107
121
+ 13.1 %
Closed Sales
10
9
- 10.0 %
57
87
+ 52.6 %
Median Sales Price *
$ 120,750
$ 130,000
+ 7.7 %
$ 118,000
$ 132,000
+ 11.9 %
Percent of List Price Received *
95.1 %
94.8 %
- 0.3 %
93.4 %
94.0 %
+ 0.6 %
Days on Market Until Sale
271
136
- 49.8 %
211
162
- 23.0 %
Inventory of Homes for Sale
85
75
- 11.8 %
--
--
--
* Does not account for sale concessions and / or downpayment assistance . | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size .
August
2015 2016
21
$ 120,750
$ 130,000
85
75
16
10
9
+ 31.3 %
- 10.0 %
+ 7.7 %
- 11.8 %
New Listings
Closed Sales
Median Sales Price *
Inventory of Homes for Sale
Historical Median Sales Price Rolling 12-Month Calculation
All MLS — 7 : Folly Field —
$ 250,000
$ 200,000
$ 150,000
$ 100,000
$ 50,000
$ 0
4-2014
4-2015
4-2016
Current as of September 10 , 2016 . Data © 2016 MLS of Hilton Head Island . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2016 ShowingTime .