This August 2017 Leamington Villas 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 villas in Leamington.
Leamington Plantation Villas’ first seven months of 2017 sales have started out very slowly: 15 villas closed, down from 27 closed in the first seven months of 2016. The first seven months’ total dollar volume of homes sold in 2017 was $9,780,600 down from $20,033,500 in 2016. Supply and demand: there are currently 50 villas listed for sale with an average of 2.14 villas selling per month over the last seven months. That translates into a 23-month supply, considered by industry experts to be a buyer’s market. As of July 15th, 2017, there were four villas pending/under contract.