This October 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 Colleton River.
In Colleton River, 22 homes closed in the first three quarters of 2017, 21 closed during the same time last year. January through September's total dollar volume was $19.386M, slightly down compared to $20.762M in 2016. Supply and demand: as of October 16, 2017 there are 23 Colleton River homes listed for sale with an average of 3.17 homes selling per month over the last six months. That translates onto a 7.26-month supply, considered by industry experts to be a buyer's market. There are currently no homes under contact in Colleton River. In the lot realm, 19 lots closed in the first nine months of 2017, compared to 14 in the previous year. There are currently no lots under contract.