HHI Market Update | Page 6

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®

3: Shipyard
Detached Homes Only

August

Year to Date

Key Metrics

2015

2016

Percent Change

2015

2016

Percent Change

New Listings

0

1

--

10

22

+ 120.0%

Closed Sales

3

4

+ 33.3%

11

11

0.0%

$475,000

$383,500

- 19.3%

$435,000

$425,000

- 2.3%

95.0%

96.8%

+ 1.9%

93.4%

95.5%

+ 2.2%

115

160

+ 39.5%

145

148

+ 2.0%

7

7

0.0%

--

--

--

Median Sales Price*
Percent of List Price Received*
Days on Market Until Sale
Inventory of Homes for Sale

* 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

$475,000

4

7

2016

7

$383,500
3

1
0
--

+ 33.3%

New Listings

Closed Sales

Historical Median Sales Price

- 19.3%

Median Sales Price*

0.0%

Inventory of Homes for Sale

Rolling 12-Month Calculation

All MLS —
3: Shipyard —

$700,000
$600,000
$500,000
$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.