STATE OF THE HILTON
HEAD PLANTATION MARKET
HOME + VILLA SALES
LOT SALES
12
213
10
179
174
8
165
154
147
4
2
1
16
20
17
16
11
7
2008
2009
2010
2011
2012
2013
2008
2009
2010
2011
2012
2013
It really was very exciting to sell real estate in Hilton Head Plantation this past year! The number of closed Home sales was up
an impressive 19% over the prior year…and the number of closed
Villa sales increased by a whopping 82% over 2012! We haven’t
seen that kind of sales volume in HHP since the top of the market,
and it feels like the market momentum just keeps building! As the
far-and-away leader in market growth, Hilton Head Plantation is
appealing to one of the most-active buyer segments in this markettime. With “real” buyers purchase real estate for “real” reasons,
the inventory in the Plantation is feeding a high demand across
a nice array of price-points. And, with this terrific momentum,
nearby communities such as Indigo Run and Palmetto Hall (among
others) saw nice upticks in their 2013 market statistics as well!
As if the percentage increases in Home and Villa sales weren’t
impressive enough, Lot sales increased by 200% in 2013 over the
prior year! By units (12 sales) it might not sound like a salesboom, but compared against annual sales over the past 6 years it’s
a really healthy figure. With the inventory of resale Home listings
down sharply in Hilton Head Plantation, the option of buying a Lot
and building is squarely back in play in the market. As such, along
with an increase in Lot sales generally comes an increase in new
construction. After a period of very few home-starts over the past
several years, it is nice to have the smell of turned-dirt and cutlumber in the neighborhood again.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
222
$600,000
200
$500,000
166
166
$400,000
118
128
126
117
108
$300,000
104
97
70
$200,000
$100,000
$0
2008
2009
Homes
2010
2011
2012
2013
Villas
The average selling price of Homes in Hilton Head Plantation
is on the rise – up 17% from 2012, in fact! Climbing to over
$450,000 in 2013, the average selling price of Homes bottomedout in 2012 after a 5 year steady decline since the top of the market in mid-2007, and we are now seeing the start of what I expect
to be a long-term positive trend. This increase is a result of both
a healthier-mix of sales (including a good number of sales over $1
Million) AND a stabilization of values in HHP, which puts us closer
to the return of price appreciation. The average selling price of
Villas inche