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.