HHI Market Update | Page 3

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®

18: Colleton River
August

Year to Date

Key Metrics

2015

2016

Percent Change

2015

2016

Percent Change

New Listings

0

1

--

34

32

- 5.9%

Closed Sales

2

1

- 50.0%

18

19

+ 5.6%

$492,000

$975,000

+ 98.2%

$559,450

$835,000

+ 49.3%

92.2%

100.0%

+ 8.4%

93.3%

94.9%

+ 1.7%

Days on Market Until Sale

89

103

+ 15.7%

202

270

+ 33.7%

Inventory of Homes for Sale

28

26

- 7.1%

--

--

--

Median Sales Price*
Percent of List Price Received*

* 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

28

26

$975,000

2

1

2016

$492,000

1

0
--

- 50.0%

New Listings

Closed Sales

Historical Median Sales Price

+ 98.2%

Median Sales Price*

Rolling 12-Month Calculation

- 7.1%

Inventory of Homes for Sale

All MLS —
18: Colleton River —

$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
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.