Quarter 1 2023 Market Report | Hilton Head Island & Bluffton

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2023 QUARTER ONE MARKET REPORT

HILTON HEAD ISLAND AND BLUFFTON

Featured Properties 42 Belmont Drive, Bluffton | Sold for $2,695,000
275 Old Baileys Road, Bluffton | Sold for $2,800,000 12 S Beach Lane, Hilton Head Island | Sold for $3,895,000

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 and Bluffton WWW.DANIELRAVENELSIR.COM

Q1 2023

Section 1: Hilton Head Island and Daufuskie Island

HILTON HEAD ISLAND (SINGLE FAMILY HOMES)

HILTON HEAD ISLAND (VILLAS AND CONDOS)

Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 23 2023 49 2022 43 2023 90 2022 $285.21 2023 $290.20 2022 $672,908 2023 $680,648 2022 97.59% 2023 98.87% 2022 53.1% 52.2% 1.7% 1.1% 1.28%
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 57 2023 102 2022 48 2023 26 2022 $294.99 2023 $270.00 2022 $293,224 2023 $286,557 2022 96.63% 2023 100.23% 2022 44.1% 84.6% 9.3% 2.3% 3.6%

FOLLY FIELD

FOREST BEACH

Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 21 2023 43 2022 71 2023 44 2022 $557.65 2023 $492.40 2022 $428,619 2023 $392,449 2022 96.7% 2023 100.06% 2022 51.2% 61.4% 13.3% 9.2% 3.36%
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 47 2023 76 2022 70 2023 47 2022 $474.90 2023 $511.93 2022 $523,055 2023 $673,441 2022 76.05% 2023 97.91% 2022 38.2% 48.9% 7.2% 22.3% 21.87%
INDIGO
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 8 2023 6 2022 39 2023 24 2022 $354.76 2023 $284.97 2022 $1,021,250 2023 $924,000 2022 97.65% 2023 101.97% 2022
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 37 2023 50 2022 40 2023 14 2022 $366.18 2023 $307.89 2022 $931,838 2023 $791,510 2022 96.91% 2023 102.93% 2022 26.0% 185.7% 18.9% 17.7% 6.02% 33.3% 62.5% 24.5% 10.5% 4.32%
RUN
HILTON HEAD PLANTATION

LONG COVE

MOSS CREEK

Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 2 2023 9 2022 100 2023 31 2022 $296.62 2023 $341.36 2022 $910,000 2023 $1,252,000 2022 96.35% 2023 98.35% 2022 77.8% 222.6% 13.1% 27.3% 2.0%
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 19 2023 10 2022 25 2023 22 2022 $307.19 2023 $273.44 2022 $806,711 2023 $505,900 2022 97.28% 2023 100.28% 2022 90.0% 13.6% 12.3% 59.5% 3.01%

PALMETTO DUNES/SHELTER COVE

Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 53 2023 76 2022 69 2023 40 2022 $611.26 2023 $558.93 2022 $1,142,423 2023 $1,196,195 2022 95.87% 2023 99.17% 2022 30.3% 72.5% 9.4% 4.5% 3.29%
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 8 2023 5 2022 53 2023 19 2022 $252.67 2023 $298.24 2022 $909,613 2023 $921,050 2022 97.72% 2023 99.34% 2022 60.0% 178.9% 1.2% 1.62% 15.3%
PALMETTO HALL

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.

PORT ROYAL Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 10 2023 14 2022 20 2023 49 2022 $469.34 2023 $387.93 2022 $1,739,200 2023 $883,386 2022 96.12% 2023 97.17% 2022 28.6% 59.2% 21.0% 96.9% 1.05% $ MAXIMIZE THE VALUE OF YOUR HOME WITH THE RIGHT REPRESENTATION WE PROVIDE LUXURY SERVICE AT EVERY PRICE POINT
DISCOVER THE DIFFERENCE. CHARLESTON, SC 33 Broad Street 843.723.7150 HILTON HEAD, SC 23-A Shelter Cove Lane 843.341.2623 BLUFFTON, SC 49 Boundary Street 843.836.3900 SAVANNAH, GA 17 West Charlton Street 912.234.3323 Our Offices WWW.DANIELRAVENELSIR.COM Comp Feb Mar 2022 .indd 1
Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 67 2023 99 2022 56 2023 23 2022 $548.68 2023 $583.37 2022 $1,226,657 2023 $1,476,441 2022 97.93% 2023 100.12% 2022 32.3% 143.5% 5.9% 16.9% 2.19% SHIPYARD Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 27 2023 30 2022 66 2023 14 2022 $381.26 2023 $382.83 2022 $659,533 2023 $579,967 2022 96.40% 2023 99.59% 2022 10.0% 371.4% 0.4% 13.7% 3.19%
SEA PINES

SPANISH WELLS

Sales | Hilton Head Island and Daufuskie Island WEXFORD
Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 4 2023 5 2022 75 2023 78 2022 $427.67 2023 $395.22 2022 $2,206,250 2023 $1,821,800 2022 97.26% 2023 98.65% 2022 20.0% 3.8% 8.2% 21.1% 1.39% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 3 2023 1 2022 74 2023 47 2022 $413.80 2023 $339.32 2022 $2,616,667 2023 $1,550,000 2022 89.31% 2023 96.94% 2022 200% 57.4% 21.9% 68.8% 7.63%
Residential
Residential
DAUFUSKIE ISLAND Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 10 2023 17 2022 66 2023 63 2022 $262.67 2023 $245.38 2022 $679,983 2023 $654,441 2022 92.67% 2023 93.5% 2022 41.2% 4.8% 7.0% 3.9% 0.83% WINDMILL HARBOUR Residential Sales | Hilton Head Island and Daufuskie Island LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 2 2023 8 2022 5 2023 11 2022 $378.22 2023 $308.28 2022 $1,225,000 2023 $682,988 2022 100.0% 2023 95.74% 2022 75.0% 54.5% 22.7% 79.4% 4.26%

Q1 2023

Section 2: Bluffton and Okatie
BELFAIR Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 4 2023 12 2022 82 2023 50 2022 $353.01 2023 $296.14 2022 $1,661,250 2023 $1,239,458 2022 93.84% 2023 98.92% 2022
HALL Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 5 2023 10 2022 121 2023 40 2022 $280.09 2023 $323.62 2022 $1,106,257 2023 $1,127,214 2022 96.40% 2023 100.63% 2022 66.7% 64.0% 19.2% 34.0% 5.08% 50.0% 202.5% 13.5% 1.9% 4.23%
BERKELEY
Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 156 2023 264 2022 35 2023 24 2022 $227.31 2023 $210.42 2022 $446,387 2023 $456,643 2022 97.79% 2023 99.01% 2022 CALLAWASSIE ISLAND Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 3 2023 9 2022 132 2023 78 2022 $383.16 2023 $284.47 2022 $1,100,000 2023 $907,111 2022 99.70% 2023 96.78% 2022 40.9% 45.8% 8.0% 2.2% 1.22% 66.7% 69.2% 34.7% 21.3% 2.92%
BLUFFTON GENERAL

COLLETON RIVER

Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 6 2023 7 2022 47 2023 73 2022 $384.51 2023 $311.05 2022 $1,590,750 2023 $1,308,036 2022 95.72% 2023 96.50% 2022
Residential Sales | Buffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 11 2023 22 2022 66 2023 25 2022 $287.52 2023 $229.96 2022 $870,364 2023 $665,999 2022 95.47% 2023 100.14% 2022 14.3% 35.6% 23.6% 21.6% 0.78% 50.0% 164.0% 25.0% 30.7% 4.68%
HAMPTON HALL

HAMPTON LAKE

HILTON HEAD LAKES

Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 5 2023 21 2022 27 2023 34 2022 $338.06 2023 $312.54 2022 $961,500 2023 $976,796 2022 96.53% 2023 98.70% 2022 76.2% 20.6% 8.2% 1.6% 2.17%
Residential Sales | Buffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 12 2023 13 2022 37 2023 45 2022 $232.44 2023 $166.88 2022 $444,514 2023 $301,144 2022 98.20% 2023 99.89% 2022 7.7% 17.8% 39.3% 47.6% 1.69%
Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 8 2023 8 2022 56 2023 88 2022 $307.85 2023 $267.09 2022 $903,792 2023 $1,072,788 2022 95.41% 2023 97.73% 2022
Residential Sales | Buffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 16 2023 23 2022 51 2023 31 2022 $772.46 2023 $693.70 2022 $3,057,379 2023 $2,079,168 2022 94.15% 2023 101.63% 2022 36.4% 15.3% 15.8% 2.32% 30.4% 64.5% 11.4% 47.0% 7.48%
OLDFIELD
PALMETTO BLUFF
Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 14 2023 13 2022 43 2023 18 2022 $261.72 2023 $268.56 2022 $625,343 2023 $927,785 2022 95.77% 2023 104.49% 2022 SPRING ISLAND Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 5 2023 3 2022 112 2023 83 2022 $625.60 2023 $444.23 2022 $1,812,600 2023 $1,584,726 2022 104.47% 2023 99.25% 2022 7.7% 138.9% 2.5% 32.6% 8.72% 66.7% 34.9% 40.8% 14.4% 5.22%
ROSE HILL
SUN
Residential Sales | Bluffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 92 2023 144 2022 38 2023 16 2022 $266.95 2023 $233.76 2022 $538,242 2023 $460,096 2022 98.60% 2023 100.73% 2022 LATITUDE MARGARITAVILLE Residential Sales | Buffton and Okatie LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 121 2023 70 2022 6 2023 5 2022 $237.43 2023 $224.65 2022 $424,349 2023 $420,567 2022 102.73% 2023 102.94% 2022 36.1% 137.5% 14.2% 17.0% 2.13% 72.9% 20.0% 5.7% 0.9% 0.21%
CITY/RIVERBEND

Q1 2023

Section 3: Jasper County

Sales | Jasper County LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 70 2023 65 2022 149 2023 127 2022 $199.45 2023 $181.35 2022 $386,672 2023 $342,509 2022 98.95% 2023 99.88% 2022 HARDEEVILLE Residential Sales | Jasper County LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 49 2023 28 2022 170 2023 177 2022 $194.79 2023 $190.73 2022 $394,469 2023 $366,311 2022 99.79% 2023 99.67% 2022 7.7% 17.3% 10.0% 12.9% 0.93% 75.0% 4.0% 2.1% 7.7% 0.12%
JASPER COUNTY Residential
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. Each Office is Independently Owned and Operated. Nothing Compares. 49 BOUNDARY STREET, BLUFFTON, SC | 23-A SHELTER COVE LANE, HILTON HEAD ISLAND, SC

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