We're pleased to say the real estate market on Hilton Head Island continues to do well and is showing signs of confidence as we progress through the year. When compared to the same time period as last year, some market segments on the island are performing well with closed sales and appreciation while other segments are doing what they can to hold on to the gains from the previous year.
Island-wide, home sales are moving at a brisk pace with closed sales up 18.6 percent. However, the median sales price has dipped slightly by 1.9 percent to $530,000.
The villa market on Hilton Head Island is having a great year with closed sales up 5.5 percent and the median sales price appreciating by 10.5 percent to $243,000.
Home sales in Sea Pines are…