Collins Group Realty's 2015 State of the Market Report | Page 6

across the course of the year. And it’s important to note that this Days on Market statistic includes some properties that FINALLY SOLD after extended time on the market – always an encouraging development! Island Wide Sales by Price Range Below $100,000 $100,000 - $300,000 Below $100,000 $300,000 - $500,000 $100,000 - $300,000 $300,000 - $500,000 $500,000 - $750,000 $500,000 - $750,000 $750,000 - $1,000,000 $750,000 - $1,000,000 Over $1,000,000 Over $1,000,000 So, 2014 was a mixed year – more good than bad for sure, but not the year we hoped for. And, if you’re like us and looking to blame something, blame it on the Polar Vortex that effectively “froze” market activity in the first quarter of 2014. The good news is that MANY of those owners “up north” are fed up with that kind of winter, and I think the Polar Vortex was the final straw for a LOT of them…so here’s hoping they’ll choose our beautiful Island to call home sometime soon! 200 180 (16%) (35%) (27%) (10%) (11%) Average Days on the Market 160 140 DAYS 120 Homes 100 Villas 80 60 Homes 40 Villas 20 0 2010 2011 2012 2013 2014 2014 Home Sales by Neighborhood $1,400,000 $1,200,000 010 2011 2012 2013 2014 Average Sales price $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Folly Field AVG Sales Price $451,000 6 # of Sales 5 Forest Beach HHP $1,085,306 $438,052 16 220 State of the Market Indigo Run Long Cove $641,911 49 $639,295 18 Palmetto Dunes Palmetto Hall Port Royal Sea Pines Shipyard 954,412 $514,411 $706,132 $870,531 $465,800 34 39 175 4 63 Spanish Wells Wexford $1,203,864 $1,161,437 11 15 Windmill Harbour Off Plantation $939,706 $355,539 17 157