HHI Market Update | Page 4

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 ®

19 : Belfair

August Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
7
5
- 28.6 %
42
64
+ 52.4 %
Closed Sales
1
4
+ 300.0 %
19
21
+ 10.5 %
Median Sales Price *
$ 420,000
$ 565,000
+ 34.5 %
$ 519,000
$ 618,500
+ 19.2 %
Percent of List Price Received *
93.4 %
95.9 %
+ 2.7 %
95.0 %
95.5 %
+ 0.5 %
Days on Market Until Sale
104
91
- 12.3 %
179
188
+ 5.2 %
Inventory of Homes for Sale
26
57
+ 119.2 %
--
--
--
* 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
7
$ 565,000
2015 2016 57
5
4
$ 420,000
26
1
- 28.6 %
+ 300.0 %
+ 34.5 %
+ 119.2 %
New Listings
Closed Sales
Median Sales Price *
Inventory of Homes for Sale
Historical Median Sales Price Rolling 12-Month Calculation
All MLS — 19 : Belfair —
$ 700,000
$ 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 .