HHI Market Update | Page 4

Local Market Update – August 2016

Local Market Update – August 2016

A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS ®

2 : Forest Beach

Condos / Villas Only
August Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
22
19
- 13.6 %
183
180
- 1.6 %
Closed Sales
19
12
- 36.8 %
151
107
- 29.1 %
Median Sales Price *
$ 205,000
$ 159,750
- 22.1 %
$ 190,500
$ 185,000
- 2.9 %
Percent of List Price Received *
95.4 %
93.9 %
- 1.6 %
94.3 %
94.4 %
+ 0.1 %
Days on Market Until Sale
245
136
- 44.5 %
182
165
- 9.6 %
Inventory of Homes for Sale
110
119
+ 8.2 %
--
--
--
* Does not account for sale concessions and / or downpayment assistance . | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size .
August
2015 2016
22
19
19
12
$ 205,000
$ 159,750
110
119
- 13.6 %
- 36.8 %
- 22.1 %
+ 8.2 %
New Listings
Closed Sales
Median Sales Price *
Inventory of Homes for Sale
Historical Median Sales Price Rolling 12-Month Calculation
All MLS — 2 : Forest Beach —
$ 250,000
$ 200,000
$ 150,000
$ 100,000
$ 50,000
$ 0
4-2014
4-2015
4-2016
Current as of September 10 , 2016 . Data © 2016 MLS of Hilton Head Island . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2016 ShowingTime .