This June 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 two homes closed which is the same as the year before. The first five months’ total dollar volume of homes sold in 2017 was $2.275M, about the same compared to $2.475M in 2016. Supply and demand: there are currently 10 homes listed for sale with an average of 0.33 homes selling per month over the last six months. That translates into a 6.06-month supply, considered by industry experts to be a sellers’ market. As of June 16, 2017, there were seven homes pending. In the lot realm, one lot closed in the first five months of 2017, which is the same as 2016. There are currently zero lots pending.