This July 2017 Spanish Wells 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 Spanish Wells.
In Spanish Wells six homes closed so far in 2017; four homes closed during this period in 2016. The first six months’ total dollar volume of 2017 was $6.204M, an increase compared to $4.630M in 2016. Supply and demand: there are currently nine homes listed for sale with an average of one home selling per month over the last six months. That translates into a 9-month supply, considered by industry experts to be a sellers’ market. As of July 13, 2017, there were four homes pending. In the lot realm, one lot closed in the first six months of 2017, which is the same amount in 2016. There are currently zero lots pending.