HHI Market Update | Page 3
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®
2: Forest Beach
Detached Homes Only
August
Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
4
6
+ 50.0%
30
46
+ 53.3%
Closed Sales
2
2
0.0%
19
16
- 15.8%
$777,500
$1,737,500
+ 123.5%
$1,280,000
$1,112,500
- 13.1%
85.3%
90.7%
+ 6.3%
92.6%
91.0%
- 1.7%
Days on Market Until Sale
136
130
- 4.1%
286
243
- 15.2%
Inventory of Homes for Sale
44
45
+ 2.3%
--
--
--
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
$1,737,500
6
2016
45
44
4
$777,500
2
2
+ 50.0%
0.0%
New Listings
Closed Sales
Historical Median Sales Price
+ 123.5%
Median Sales Price*
Rolling 12-Month Calculation
+ 2.3%
Inventory of Homes for Sale
All MLS —
2: Forest Beach —
$2,000,000
$1,500,000
$1,000,000
$500,000
$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.