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 Spanish Wells.
In Spanish Wells, 11 homes closed so far in 2017; four homes closed this time the year. The first three quarters' total dollar volume $15.3224M, significantly more compared to $4.630M in 2016. Supply and demand: there are currently 14 homes listed for sale with an average of $1.67 homes selling per month over the last six months. That translates into a 8.83-month supply, considered by industry experts to be a buyer's market. As of October 13, 2017, there was one home under contract. In the lot real, two lots closed in the first nine months of 2017, only one lot closing the same time in 2016. There is one lot pending in Spanish Wells at this present time.