Collins Group Realty's 2015 State of the Market Report | Page 8
Hilton Head Island
at a glance
*Data reflects closed home sales
folly field
YEAR
2012
2013
2014
SALES
3
7
5
AVG PRICE
$556,667
$647,929
$451,000
HIGHEST SALE
$1,210,000
$1,225,000
$840,000
LOWEST SALE
$160,000
$250,000
$235,000
AVG DOM
209
213
414
forest beach
YEAR
2012
2013
2014
SALES
34
28
16
AVG PRICE
$981,423
$1,136,929
$1,085,306
HIGHEST SALE
$2,250,000
$2,790,000
$2,450,000
LOWEST SALE
$300,000
$251,501
$365,000
AVG DOM
250
147
154
hilton head plantation
YEAR
2012
2013
2014
SALES
179
213
220
AVG PRICE
$384,129
$451,008
$438,052
HIGHEST SALE
$1,175,000
$1,665,000
$1,900,000
LOWEST SALE
$120,000
$123,000
$125,000
SALES
48
48
49
AVG PRICE
$563,313
$645,911
$641,911
HIGHEST SALE
$895,000
$1,400,000
$1,485,000
LOWEST SALE
$360,000
$355,000
$389,000
AVG DOM
104
97
104
AVG DOM
167
119
120
Talk about consistency: 2014 essentially mirrored what we
saw happen in Indigo Run during 2013. Almost 60% of the
2014 sales were between $500,000 and $750,000, and
somewhat interestingly, a full one-third of the sales resulted
from contracts which were ratified in the months of March
and July.
long cove
YEAR
2012
2013
2014
SALES
19
28
18
AVG PRICE
$666,653
$553,643
$639,295
HIGHEST SALE
$1,355,000
$925,000
$1,400,000
LOWEST SALE
$325,000
$356,000
$349,125
AVG DOM
242
150
164
palmetto dunes
YEAR
2012
2013
2014
SALES
57
62
63
AVG PRICE
$995,023
$947,952
$954,412
HIGHEST SALE
$3,400,000
$4,500,000
$4,300,000
LOWEST SALE
$335,000
$320,500
$320,000
SALES
19
31
34
AVG PRICE
$496,411
$477,487
$514,411
HIGHEST SALE
$890,000
$675,000
$1,035,000
LOWEST SALE
$325,000
$348,500
$245,000
It was encouraging to see the average and median sales
price for a home in Long Cove Club back up in 2014, and
the average number of days required to sell remained under
six months for the second consecutive year, even amongst a
fairly abundant supply of inventory. Additionally, 2014 closed
out with 5 homes under contract, which could help
jumpstart 2015.
AVG DOM
194
232
200
The number of PD home sales held steady in 2014, and it
was even more rewarding to see a 10% reduction in the
number of “distressed home sales” as compared to 2013.
Luxury oceanfront homes and villas had a more
challenging year with fewer sales and lower average sales
prices than what we saw in 2013.
AVG DOM
145
165
121
Not only did a few more sales close in 2014, but Palmetto
Hall actually saw its highest sales price since the summer
of 2006! Interestingly, the 2014 “high” sale was the second
highest sale MLS has recorded to date in Palmetto Hall.
Even without that one high sale, the average Palmetto Hall
sale price in 2014 was higher than in 2013.
palmetto hall
YEAR
2012
2013
2014
High inventory hindered the Forest Beach market again in
2014, and the year closed out with nearly 50 active listings.
Villa activity ended up fairly solid with 160 units sold, and 2
BR villas were the most active representing 74% of the total
sales reported during the year.
2014 was another solid & balanced year in HHP as the
,
overall inventory dropped 20%. Although HHP had a slight
drop in the average sales price, the number of homes sold increased for the fourth consecutive year and the 2014 median
sale price increased by 3.75% over 2013. HHP remains one of
the Island’s most active and reliable markets.
indigo run
YEAR
2012
2013
2014
Folly Field is a well-established beach community that
typically has limited turnover with respect to home sales.
However with its high concentration of villas, Folly Field
saw 77 villa sales in 2014, a 22% increase in units sold when
compared against 2013.