HHI Market Update | Page 2
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®
1: Sea Pines
Condos / Villas Only
August
Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
23
15
- 34.8%
142
134
- 5.6%
Closed Sales
11
14
+ 27.3%
88
96
+ 9.1%
$345,000
$382,500
+ 10.9%
$345,000
$362,500
+ 5.1%
94.6%
95.2%
+ 0.6%
93.9%
94.5%
+ 0.6%
Days on Market Until Sale
174
196
+ 12.8%
206
180
- 12.7%
Inventory of Homes for Sale
90
96
+ 6.7%
--
--
--
Median Sales Price*
Percent of List Price Received*
* 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
23
$345,000
15
$382,500
2016
96
90
14
11
- 34.8%
+ 27.3%
New Listings
Closed Sales
Historical Median Sales Price
+ 10.9%
Median Sales Price*
+ 6.7%
Inventory of Homes for Sale
Rolling 12-Month Calculation
All MLS —
1: Sea Pines —
$400,000
$300,000
$200,000
$100,000
$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.