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The State of the Sea Pines Ocean Oriented Homes Real Estate Market- May 2017

Tuesday, May 23rd, 2017 at 9:18am Engel & Völkers Hilton Head Island - Bluffton and Beaufort

This Sea Pines Ocean Oriented Homes 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 Sea Pines.

In the first four months of 2017, 23 homes closed, compared to 12 last year. The four month’s total dollar volume of homes sold in 2017 was $28.0M, up from $21.8.M in 2016. Supply and demand: there are currently 56 homes listed for sale with an average of 4.7 homes selling per month over the last six months. That translates into a 11.9-month supply, considered by industry experts to be a buyer’s market. As of May, 14, 2017, there were two homes pending/under contract.

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