We’re delighted to report the real estate market on Hilton Head Island continues to operate at peak performance. The efficiency and speed of properties being sold is impressive. Pricing on the island is notching up to new highs and demand seems unabated.
However, pricing gains around the Island are not being uniformly achieved. The market has a clear preference for the beach life and its showing with buyers flocking to our sandy shores. If you're looking for a bargain on the island, our landlocked and leeward communities are presently offering great buys. The one common thread you'll find through each community is a severe lack of inventory to choose from. Until that dynamic changes, upward pressure on pricing remains.
Home sales on Hilton Head Island leaped 50.1% year-over-year and the median sales price increased 33.2% to $772,500.
Villa sales on the Island sky-rocketed 74.0% year-over-year and the median sales price rose 22.4% to $330,000.
The big message coming from buyers is a deep desire to feel like they're on vacation and finding a community with world-class resort amenities, ensconced in natural grandeur, is proving to be an irresistible draw for them.
Home sales in Sea Pines soared 55.5% year-over-year and the median sales price increased 53.3% to $1,150,000.
Villa sales in Sea Pines escalated 51.7% year-over-year and the median sales price rose 32.6% to $547,000.
For a comprehensive review of the 2nd Quarter MLS sales data, for communities both on and off-island, please click below:
2021 Q2 REAL ESTATE MARKET REPORTS BY COMMUNITY
2021 Q2 REAL ESTATE MARKET OVERVIEW
It's summertime fun at the beach and if you're planning a trip to Sea Pines you'll want to visit The Sea Pines Summertime Resort Guide to make the most of your vacation plans!
If you have questions about buying or selling into this market, we'd love the opportunity to discuss them with you. We're ready and excited to help you and your family discover your happy place on Hilton Head Island!
Thanks and have a wonderful summer,
THE LOVE FAMILY
LoveofHiltonHeadIsland.com
Leave A Comment