Quarter 1 2024 Market Report | Beaufort & The Sea Islands by Daniel Ravenel Sotheby's International Realty

2024 QUARTER ONE MARKET REPORT BEAUFORT & THE SEA ISLANDS

Featured Properties 210 Old Plantation Drive W, Beaufort | Offered for $1,590,000 102 Harbor Drive N, Harbor Island | Offered for $1,800,000 16 S Eastover, Habersham | Offered for $1,699,000 COVER HOME

297

DAYS ON MARKET ^3.4%

Beaufort Area Q1 2024 vs Q1 2023

103 AVERAGE

The

NUMBER

SALES ˇ13.9%

Overview

PER

^12.8%

^17.9%

The

$283 AVERAGE SOLD PRICE

SQFT

$546,201 AVERAGE SALES PRICE

96.17%

ˇ0.61%

LIST TO SALES PRICE RATIO

Q1 2024

Beaufort & The Sea Islands

BEAUFORT

LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 24 2024 31 2023 90 2024 73 2023 $301.44 2024 $257.30 2023 $606,219 2024 $503,431 2023 93.52% 2024 95.87% 2023

Residential Sales | Beaufort and Sea Islands

Residential Sales | Beaufort and Sea Islands LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 98 2024 127 2023 83 2024 73 2023 $212.71 2024 $218.78 2023 $387,520 2024 $421,368 2023 98.68% 2024 97.98% 2023 22.6% 23.3% 17.2% 20.4% 2.35% 22.8% 13.7% 2.8% 8.0% 0.7%

BURTON

DATAW ISLAND

HARBOR ISLAND

LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 17 2024 11 2023 108 2024 101 2023 $278.86 2024 $225.67 2023 $784,993 2024 $518,745 2023 97.64% 2024 98.07% 2023 54.5% 6.9% 23.6% 51.3% 0.44%

Residential Sales | Beaufort and Sea Islands

LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 5 2024 12 2023 105 2024 93 2023 $366.69 2024 $282.48 2023 $521,000 2024 $359,479 2023 92.97% 2024 95.58% 2023 58.3% 12.9% 29.8% 44.9% 2.60%

Residential Sales | Beaufort and Sea Islands

FRIPP ISLAND Residential Sales | Beaufort and Sea Islands LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 16 2024 23 2023 111 2024 74 2023 $441.57 2024 $401.69 2023 $841,750 2024 $796,391 2023 95.65% 2024 94.79% 2023 50% 9.9% 5.7% 0.86% LADY’S ISLAND Residential Sales | Beaufort and Sea Islands LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 78 2024 83 2023 100 2024 167 2023 $236.28 2024 $230.79 2023 $441,781 2024 $490,984 2023 98.40% 2024 98.62% 2023 6.0% 40.1% 2.4% 10.0% 0.23% 30.4%

Residential Sales | Beaufort and Sea Islands LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 4 2024 14 2023 37 2024 58 2023 $318.94 2024 $395.87 2023 $844,900 2024 $862,000 2023 100.82% 2024 96.92% 2023

ROYAL Residential Sales | Beaufort and Sea Islands 71.4% 36.2% 19.4% 2.0% 3.90% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 46 2024 42 2023 130 2024 109 2023 $202.38 2024 $192.50 2023 $340,063 2024 $312,553 2023 98.64% 2024 100.34% 2023 9.5% 19.3% 5.1% 8.8% 1.70%

HABERSHAM

PORT

ST HELENA ISLAND Residential Sales | Beaufort and Sea Islands

MAXIMIZE THE VALUE OF YOUR HOME WITH THE RIGHT REPRESENTATION

WE PROVIDE LUXURY SERVICE AT EVERY PRICE POINT

We are local experts with a global reach, showcasing your property to the widest audience to achieve the highest pricepoint. High-touch, service-minded, and technology driven; our representation goes above and beyond all others.

DISCOVER THE DIFFERENCE.

LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 13 2024 16 2023 94 2024 104 2023 $224.31 2024 $197.99 2023 $446,281 2024 $302,213 2023 96.07% 2024 94.81% 2023 9.6% 13.3% 47.7% 1.27% 18.8%

LUXURY IS

Your home is more than four walls and an address. It’s where you experience life. It’s a feeling of connection and growth. The real estate company you chose to represent your property for sale should be as exceptional as you are, and as your next chapter is going to be. In the Lowcountry, only Daniel Ravenel Sotheby’s International Realty offers this level of service for selling your home. With the right team advocating for you, the opportunities are limitless. A FEELING. OUR SERVICE. OUR STANDARD.

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.

the Lowcountry in Charleston, Savannah, Hilton Head Island, Beaufort and Bluffton

Serving

WWW.DANIELRAVENELSIR.COM

Nothing Compares. 49 BOUNDARY STREET, BLUFFTON, SC 29910 | 843.836.3900 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.