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