Quarter 3 2023 Market Report | Hilton Head Island & Bluffton

2023 QUARTER THREE

MARKET REPO RT HILTON HEAD ISLAND AND BLUFFTON

Featured Properties COVER HOME

6 Herring Gull Lane, Hilton Head Island | Listed at $3,995,000

257 Bamberg Drive, Bluffton | Sold for $1,530,000

10 Bridgetown Road, Hilton Head Island | Sold for $2,725,000

Let us introduce you to a life well-lived in the Lowcountry Miles of winding waterways and sandy shores. Legendary golf courses. Historic cities with storied streets abuzz with new experiences. Expansive acreage promising a relaxing respite.

Life along the South Carolina & Georgia coastline has something for everyone.

Serving the Lowcountry in Charleston, Savannah Hilton Head Island, Beaufort & Bluffton WWW.DANIELRAVENELSIR.COM

Q3 2023 Section 1: Hilton Head Island and Daufuskie Island

HILTON HEAD ISLAND (SINGLE FAMILY HOMES) Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

29

43

32.60%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

51

35

45.70%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$358.07

13.90%

2023

$314.39 2022

AVERAGE SALES PRICE

$1,011,940 2023

31.10% $772,085 2022

LIST TO SALES PRICE RATIO

98.03% 2023

0.72%

97.31% 2022

HILTON HEAD ISLAND (VILLAS AND CONDOS) Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

58

83

30.10%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

28

22

27.30%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$299.43

7.50%

2023

$278.61 2022

AVERAGE SALES PRICE

$329,302 2023

11.30% $295,746 2022

LIST TO SALES PRICE RATIO

98.09% 2023

0.40%

97.69% 2022

FOLLY FIELD Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

33

31

6.50%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

63

34

85.30%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$581.61

11.80%

2023

$520.05 2022

AVERAGE SALES PRICE

$629,098 2023

41.50% $444,595 2022

LIST TO SALES PRICE RATIO

96.71% 2023

0.37%

97.08% 2022

FOREST BEACH Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

53

51

3.90%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

55

22

15%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$596.63 2023

20%

$497.14 2022

AVERAGE SALES PRICE

$587,630 2023

9.10%

$538,559 2022

LIST TO SALES PRICE RATIO

107.59% 2023

8.98%

98.60% 2022

HILTON HEAD PLANTATION Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

66

44

50%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

20

17

13.50%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$386.03 2023

8.40%

$356.12 2022

AVERAGE SALES PRICE

$972,170 2023

11.10% $875,080 2022

LIST TO SALES PRICE RATIO

98.6% 2023

2.11%

100.71% 2022

INDIGO RUN Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

9

12

25%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

20

15

33.30%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$356.51 2023

7%

$333.07 2022

AVERAGE SALES PRICE

$1,059,167 2023

4.50% $1,108,567 2022

LIST TO SALES PRICE RATIO

96.90% 2023

0.13%

97.02% 2022

LONG COVE Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

3

6

50%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

18

18

2023

2022 AVERAGE SOLD PRICE PER SQFT

$390.02

20.90% $322.71 2022

2023

AVERAGE SALES PRICE

$1,195,000 2023

3.40% $1,236,667 2022

LIST TO SALES PRICE RATIO

94.37% 2023

2.73%

97.10% 2022

MOSS CREEK Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

14

17

17.60%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

19

26

26.90%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$345.57

8.50%

2023

$318.62 2022

AVERAGE SALES PRICE

$1,090,571 2023

43.20% $761,765 2022

LIST TO SALES PRICE RATIO

97.19% 2023

0.49%

97.68% 2022

PALMETTO DUNES/SHELTER COVE Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

51

60

15%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

36

28

28.60%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$609.54 2023

0.10%

$608.73 2022

AVERAGE SALES PRICE

$1,027,405 2023

21.20% $1,304,482 2022 LIST TO SALES PRICE RATIO

96.69% 2023

1.11%

97.79% 2022

PALMETTO HALL Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

6

6

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

5

27

81.50%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$302.50

4.10%

2023

$290.67 2022

AVERAGE SALES PRICE

$1,059,000 2023

5.80% $1,000,833 2022

LIST TO SALES PRICE RATIO

98.62% 2023

2.92%

95.70% 2022

Thank you for being a part of our record-breaking year.

$

MAXIMIZE THE VALUE OF YOUR HOME WITH THE RIGHT REPRESENTATION

841.7 Million

WE PROVIDE LUXURY SERVICE AT EVERY PRICE POINT

Total sales volume in 2021

With your trust and collaboration, we are thrilled to announce that we have shattered our 2020 record-breaking sales volume, confirming our position as the Lowcountry luxury leader.

We are local experts with a global reach, showcasing your property to the widest audience to achieve the highest price-point.

High-touch, service-minded, and technology driven; our representation goes above and beyond all others.

SCAN HERE OR VISIT DRSIRMARKETREPORT.COM FOR A YEAR-END MARKET REVIEW

DISCOVER THE DIFFERENCE.

Our Offices CHARLESTON, SC 33 Broad Street 843.723.7150

Comp Feb Mar 2022 .indd 1

HILTON HEAD, SC 23-A Shelter Cove Lane 843.341.2623

BLUFFTON, SC 49 Boundary Street 843.836.3900

PORT ROYAL

Residential Sales | Hilton Head Island and Daufuskie Island WWW.DANIELRAVENELSIR.COM

SAVANNAH, GA 17 West Charlton Street 912.234.3323

NUMBER OF SALES

8

11

27.30%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

23

25

8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$568.83

37.60%

2023

$413.50 2022

AVERAGE SALES PRICE

$1,774,875 2023

57.20% $1,128,727 2022

LIST TO SALES PRICE RATIO

101.31% 2023

3.30%

98.02% 2022

SEA PINES Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

68

66

3%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

37

20

85%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$595.32 2023

6.70%

$558.04 2022

AVERAGE SALES PRICE

$1,411,094 2023

1.90% $1,384,942 2022

LIST TO SALES PRICE RATIO

97.20% 2023

0.76%

97.96% 2022

SHIPYARD Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

16

23

30.40%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

12

21

42.90%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$469.91 2023

19.20%

$394.37 2022

AVERAGE SALES PRICE

$813,750 2023

33.60% $609,170 2022 LIST TO SALES PRICE RATIO

97.90% 2023

1.05%

96.86% 2022

SPANISH WELLS Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

1

1

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

1

3

66.70%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$395.08

6.10%

2023

$420.70 2022

AVERAGE SALES PRICE

$1,800,000 2023

45.50% $3,300,000 2022

LIST TO SALES PRICE RATIO

101.41% 2023

7.12%

WEXFORD Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

11

8

37.50%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

39

20

95%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$473.94

6.40%

2023

$445.43 2022

AVERAGE SALES PRICE

$2,370,455 2023

21.90% $1,944,250 2022

LIST TO SALES PRICE RATIO

96.35% 2023

0.68%

97.02% 2022

94.29% 2022

WINDMILL HARBOUR Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

4

5

20%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

24

24

2023

2022 AVERAGE SOLD PRICE PER SQFT

$363.89 2023

4.40%

$348.45 2022

AVERAGE SALES PRICE

$892,500 2023

12.30% $1,018,000 2022 LIST TO SALES PRICE RATIO

96.96% 2023

0.67%

DAUFUSKIE ISLAND Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

13

12

8.30%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

68

25

172%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$324.64 2023

26.10%

$439.21 2022

AVERAGE SALES PRICE

$911,462 2023

14.80% $793,950 2022 LIST TO SALES PRICE RATIO

88.9% 2023

5.48%

94.38% 2022

97.63% 2022

Q3 2023 Section 2: Bluffton and Okatie

BELFAIR Residential Sales | Bluffton and Okatie NUMBER OF SALES

8

11

27.30%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

167

29

475.9%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$321.60

$364.29

11.70%

2023

2022

AVERAGE SALES PRICE

$1,261,863 2023

22.20% $1,621,000 2022

LIST TO SALES PRICE RATIO

94.78% 2023

1.85%

96.63% 2022

BERKELEY HALL Residential Sales | Bluffton and Okatie NUMBER OF SALES

9

9

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

141

64

120.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$354.54

7.80%

2023

$384.33 2022

AVERAGE SALES PRICE

$1,476,556 2023

1.80% $1,503,333 2022

LIST TO SALES PRICE RATIO

94.59% 2023

3%

97.59% 2022

BLUFFTON GENERAL Residential Sales | Bluffton and Okatie NUMBER OF SALES

289

294

1.70%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

33

22

50%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$235.96 2023

$224.26

5.20%

2022

AVERAGE SALES PRICE

$487,968 2023

14.50% $426,288 2022 LIST TO SALES PRICE RATIO

98.42% 2023

0.52%

98.94% 2022

CALLAWASSIE ISLAND Residential Sales | Bluffton and Okatie NUMBER OF SALES

14

10

40%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

125

42

197.60%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$308.95

3.80%

2023

$297.76 2022

AVERAGE SALES PRICE

$825,499 2023

15.80% $980,360 2022

LIST TO SALES PRICE RATIO

97.02% 2023

1.52%

95.50% 2022

COLLETON RIVER Residential Sales | Bluffton and Okatie NUMBER OF SALES

9

15

40%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

44

44

2023

2022 AVERAGE SOLD PRICE PER SQFT

$435.90

$411.09

6%

2023

2022

AVERAGE SALES PRICE

$1,983,794 2023

7%

$1,853,983 2022

LIST TO SALES PRICE RATIO

96.45% 2023

1.73%

98.18% 2022

HAMPTON HALL Residential Sales | Bluffton and Okatie NUMBER OF SALES

18

11

63.60%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

33

13

153.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$300.10

2.30%

2023

$293.42 2022

AVERAGE SALES PRICE

$850,222 2023

7.40%

$917,727 2022

LIST TO SALES PRICE RATIO

97.71% 2023

2.58%

100.29% 2022

HAMPTON LAKE Residential Sales | Bluffton and Okatie NUMBER OF SALES

25

15

66.70%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

29

27

7.40%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$335.15 2023

$324.87

3.20%

2022

AVERAGE SALES PRICE

$957,065 2023

$916,990

4.40%

2022

LIST TO SALES PRICE RATIO

97.82% 2023

1.21%

99.03% 2022

HILTON HEAD LAKES Residential Sales | Bluffton and Okatie NUMBER OF SALES

8

5

60%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

33

31

6.50%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$215.23

25.80%

2023

$171.07 2022

AVERAGE SALES PRICE

$422,224 2023

39.10% $303,597 2022

LIST TO SALES PRICE RATIO

97.14% 2023

4.88%

102.02% 2022

OLDFIELD Residential Sales | Bluffton and Okatie NUMBER OF SALES

12

5

140%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

86

24

258.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$360.93

$293.22

23.10%

2023

2022

AVERAGE SALES PRICE

$1,191,597 2023

4.70%

$1,137,823 2022

LIST TO SALES PRICE RATIO

96.68% 2023

5.21%

101.89% 2022

PALMETTO BLUFF Residential Sales | Bluffton and Okatie NUMBER OF SALES

23

23

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

95

28

239.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$730.79

$769.71

5.10%

2023

2022

AVERAGE SALES PRICE

$2,300,082 2023

1%

$2,324,070 2022

LIST TO SALES PRICE RATIO

94.57% 2023

2.29%

96.87% 2022

ROSE HILL Residential Sales | Bluffton and Okatie NUMBER OF SALES

18

10

80%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

33

23

43.50%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$271.65 2023

$274.51

1%

2022

AVERAGE SALES PRICE

$718,567 2023

13.90% $630,800 2022 LIST TO SALES PRICE RATIO

97.85% 2023

0.29%

97.56% 2022

SPRING ISLAND Residential Sales | Bluffton and Okatie NUMBER OF SALES

2

3

33.30%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

128

35

265.7%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$534.50

18.70%

2023

$450.34 2022

AVERAGE SALES PRICE

$1,775,000 2023

32.30% $1,341,667 2022

LIST TO SALES PRICE RATIO

90.47% 2023

4.37%

94.84% 2022

SUN CITY/RIVERBEND Residential Sales | Bluffton and Okatie NUMBER OF SALES

161

173

6.90%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

75

11

581.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$271.35 2023

$263.15

3.10%

2022

AVERAGE SALES PRICE

$537,662 2023

$488,825

10%

2022

LIST TO SALES PRICE RATIO

98.63% 2023

1.19%

99.82% 2022

LATITUDE MARGARITAVILLE Residential Sales | Bluffton and Okatie NUMBER OF SALES

169

116

45.70%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

10

6

66.70%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$263.01 2023

14.90%

$228.91 2022

AVERAGE SALES PRICE

$476,799 2023

15.70%

$412,179 2022

LIST TO SALES PRICE RATIO

99.61% 2023

0.01%

99.62% 2022

Q3 2023 Section 3: Jasper County

JASPER COUNTY Residential Sales | Jasper County NUMBER OF SALES

123

44

179.5%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

123

57

115.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$215.24 2023

4.90%

$205.19 2022

AVERAGE SALES PRICE

$361,614 2023

12.20%

$412,071 2022

LIST TO SALES PRICE RATIO

98.33% 2023

1.45%

96.87% 2022

HARDEEVILLE Residential Sales | Jasper County NUMBER OF SALES

91

17

435.3%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

136

105

29.50%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$222.97 2023

7.60%

$207.18 2022

AVERAGE SALES PRICE

$377,623 2023

12.30% $430,391 2022 LIST TO SALES PRICE RATIO

99.44% 2023

2.87%

96.57% 2022

Nothing Compares.

49 BOUNDARY STREET, BLUFFTON, SC | 23-A SHELTER COVE LANE, HILTON HEAD ISLAND, SC DANIELRAVENELSIR.COM Statistics are compiled quarterly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. We fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.