HHI Market Update | Page 8

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 ®

23 : Sun City / Riverbend

August Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
46
54
+ 17.4 %
371
547
+ 47.4 %
Closed Sales
45
51
+ 13.3 %
300
381
+ 27.0 %
Median Sales Price *
$ 292,000
$ 260,000
- 11.0 %
$ 245,450
$ 270,000
+ 10.0 %
Percent of List Price Received *
97.6 %
97.9 %
+ 0.4 %
97.4 %
97.9 %
+ 0.5 %
Days on Market Until Sale
98
94
- 4.3 %
97
92
- 5.4 %
Inventory of Homes for Sale
88
143
+ 62.5 %
--
--
--
* 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 2016
54 46 45
51
$ 292,000
$ 260,000
143
88
+ 17.4 %
+ 13.3 %
- 11.0 %
+ 62.5 %
New Listings
Closed Sales
Median Sales Price *
Inventory of Homes for Sale
Historical Median Sales Price Rolling 12-Month Calculation
All MLS — 23 : Sun City / Riverbend —
$ 300,000
$ 280,000
$ 260,000
$ 240,000
$ 220,000
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 .