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The State of Palmetto Dunes Real Estate Market - June 2018

Monday, June 18th, 2018 at 10:14am Engel & Völkers Hilton Head Island - Bluffton and Beaufort

Palmetto Dunes

This Palmetto Dunes real estate market report shows how the Hilton Head Island - Bluffton real estate market is doing, compares home sales from previous months, discusses supply and demand and shows the status of the homes in Palmetto Dunes.

Palmetto Dunes’ first five month of 2018 sales are up slightly from last year: 29 homes closed this year compared to 15 homes which closed last year. The first quarter’s total dollar volume of homes sold in 2018 was $28,517,650, up from $20,598,500 in 2017. Supply and demand: there are currently 55 homes listed for sale with an average of 5.8 homes selling per month over the past five months. That translates into a 9.86-month supply, considered by industry experts to be a buyer’s market. As of June 3rd, 2018, there were six homes pending/under contract. In the lot realm, four lots closed in the first five months of 2018 with one pending/under contract and 11 lots marketed for sale. 

 

  

 

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