2015 Collins Group Realty State of the Market Report 1

Hilton Head Island at a glance *Data reflects closed home sales AVG DOM 213 414 160 Two successfully closed oceanfront home sales in Folly Field in 2015 pushed the average sale price above the prior year. As Folly Field has shown to have fairly limited turnover of single family homes - speaking to the appeal of the area – the 2 higher-end sales certainly had a nice statistical impact. Meanwhile, the villa market is typically active, yielding 76 reported sales last year, 86% of which took place in Fiddlers Cove and HH Beach & Tennis. AVG DOM 147 154 274 Even in the midst of elevated inventory, the Forest Beach home market took some positive strides in 2015, reporting the highest-value home sale since 2009! Most home listings took a little longer to sell, but the average price trended up by year end. Meanwhile, the villa market essentially exploded with a 34% increase in closed transactions reported in 2015 over 2014! AVG DOM 97 104 79 Wow…2015 marked the third year in a row with over 200 home sales in HHP, pointing to one of HHI’s healthiest markets! Not surprisingly, many of the HHP listings sold rather quickly, and the year closed out with a limited supply of inventory, aiding to the development of a seller’s market in this plantation. Additionally the average rat

2015 Collins Group Realty State of the Market Report 1 | Page 8