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The State of Leamington Real Estate Market - April 2018

Monday, April 16th, 2018 at 8:50am Engel & Völkers Hilton Head Island - Bluffton and Beaufort

This Leamington 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 Leamington.

Leamington's first quarter of 2018 sales are slightly behind last year: two homes closed this year compared to the three homes which closed last year. The first quarter's total dollar volume of homes sold in 2018 was $1,287,000 down from $2,220,000 in 2017. Supply & demand: there are currently 12 homes listed for sale with an average of 0.67 homes selling per month over the past three months. That translates into an 18-month supply, considered by industry experts to be a buyer's market. As of April 1, 2018, there are three homes pending/under contract. In the lot realm, one lot closed this year with four lots marketed for sale.

 

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