HHI Market Update - Page 11

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® Callawassie Island August Year to Date Key Metrics 2015 2016 Percent Change 2015 2016 Percent Change New Listings 9 3 - 66.7% 58 58 0.0% Closed Sales 3 2 - 33.3% 19 20 + 5.3% $337,900 $236,250 - 30.1% $326,000 $477,500 + 46.5% 92.0% 92.9% + 1.0% 94.2% 91.6% - 2.8% Days on Market Until Sale 283 245 - 13.5% 310 265 - 14.6% Inventory of Homes for Sale 66 71 + 7.6% -- -- -- 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 9 $337,900 2016 71 66 $236,250 3 3 2 - 66.7% - 33.3% New Listings Closed Sales Historical Median Sales Price - 30.1% Median Sales Price* Rolling 12-Month Calculation + 7.6% Inventory of Homes for Sale All MLS — Callawassie Island — $600,000 $500,000 $400,000 $300,000 $200,000 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.