This June 2017 Colleton River real estate market report shows how the Hilton Head Island-Bluffton real estate market is doing, compares home sales from previous months, discusses supply and demand and shows the status of the homes in Colleton River.
In Colleton River, 11 homes closed in the first five months of 2017, compared to 13 last year. January through May’s total dollar volume was $8.686M, down compared to $12.779M in 2016. Supply and demand: as of June 16, 2017, there are 25 Colleton River homes listed for sale with an average of 2.17 home selling per month over the last six months. That translates into a 11.52-month supply, considered by industry experts to be a buyer’s market. The good news is there are 10 homes under contract in Colleton River. In the lot realm, nine lots closed in the first five months of 2017, compared to eight in the previous year. There are currently three lots under contract.