Quarter 2 2022 Market Report | Hilton Head Island & Bluffton

Page 1

2022 QUARTER TWO

MARKET REPO RT HILTON HEAD ISLAND AND BLUFFTON


2022 Q2 Featured Sold Properties

Cover Home | 90 Tidewater Manor, Hilton Head Island | Sold at $7,450,000

28 Wood Ibis Road, Hilton Head Island | Sold at $6,100,000

704 Farnsleigh Avenue, Bluffton | Sold at $1,330,001


Our heritage in the Lowcountry runs deep.

Where our clients are family and our neighbors are friends. We live here. We work here. We love it here.

Our Offices CHARLESTON, SC

HILTON HEAD ISLAND, SC

BLUFFTON, SC

SAVANNAH, GA

33 BROAD STREET 843.723.7150

23-A SHELTER COVE LANE 843.341.2623

49 BOUNDARY STREET 843.836.3900

17 W CHARLTON STREET 912.234.3323

WWW.DANIELRAVENELSIR.COM Each Office is Independently Owned and Operated.


2022 Q2 Market Report 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

57

72

20.8%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

34

46

26.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$362.21

49.8% $241.78 2021

2022

AVERAGE SALES PRICE

$1,074,292 2022

60.7%

$688,364 2021

LIST TO SALES PRICE RATIO

98.17% 2022

1.05%

99.22% 2021

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

NUMBER OF SALES

87

118

26.3%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

15

28

46.4%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$286.78

42.2% $201.61 2021

2022

AVERAGE SALES PRICE

$303,467 2022

39.7%

$217,286 2021

LIST TO SALES PRICE RATIO

100.35% 2022

0.97% 99.38% 2021


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

46

56

17.9%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

15

18

16.7%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$568.17

47.4% $385.45 2021

2022

AVERAGE SALES PRICE

$706,702 2022

116.5%

$326,389 2021

LIST TO SALES PRICE RATIO

98.10% 2022

1.53% 99.63% 2021

FOREST BEACH

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

76

111

31.5%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

28

50

44.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$598.27

36.1% $439.52 2021

2022

AVERAGE SALES PRICE

$687,693 2022

5.3%

$726,115 2021

LIST TO SALES PRICE RATIO

93.01% 2022

5.20%

98.20% 2021


HILTON HEAD PLANTATION

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

70

81

13.6%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

9

28

67.9%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$370.34

39.1% $266.28 2021

2022

AVERAGE SALES PRICE

$930,747 2022

30.0%

$716,226 2021

LIST TO SALES PRICE RATIO

104.39% 2022

4.31% 100.08% 2021

INDIGO RUN

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

6

19

68.4%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

14

24

41.7%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$338.85

45.6% $232.77 2021

2022

AVERAGE SALES PRICE

$1,287,333 2022

60.5%

$801,905 2021

LIST TO SALES PRICE RATIO

106.35% 2022

5.99%

100.36% 2021


LONG COVE

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

16

14

14.3%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

13

10

30.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$318.22

26.4% $251.79 2021

2022

AVERAGE SALES PRICE

$1,097,756 2022

20.4%

$911,786 2021

LIST TO SALES PRICE RATIO

98.96% 2022

0.85%

99.81% 2021

MOSS CREEK

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

19

19

47.4%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

23

32

28.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$298.55

43.1% $208.60 2021

2022

AVERAGE SALES PRICE

$858,684 2022

66.2%

$516,742 2021

LIST TO SALES PRICE RATIO

100.77% 2022

1.87%

102.65% 2021


PALMETTO DUNES/SHELTER COVE

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

72

128

43.8%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

15

39

61.5%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$608.89

34.3%

2022

$453.54 2021

AVERAGE SALES PRICE

$1,149,553 2022

29.5%

$887,765 2021

LIST TO SALES PRICE RATIO

101.00% 2022

1.15%

99.85% 2021

PALMETTO HALL

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

8

9

11.1%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

14

36

61.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$299.33

$226.37

32.2%

2022

2021

AVERAGE SALES PRICE

$938,625 2022

27.1%

$738,222 2021

LIST TO SALES PRICE RATIO

98.31% 2022

0.82%

97.49% 2021


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

HILTON HEAD, SC 23-A Shelter Cove Lane 843.341.2623

BLUFFTON, SC 49 Boundary Street 843.836.3900

PORT ROYAL

SAVANNAH, GA 17 West Charlton Street 912.234.3323

Residential SalesWWW.DANIELRAVENELSIR.COM | Hilton Head Island and Daufuskie Island Comp Feb Mar 2022 .indd 1

NUMBER OF SALES

25

25

12.5%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

29

19

52.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$509.19

$346.15

47.1%

2022

2021

AVERAGE SALES PRICE

$1,473,621 2022

69.2%

$870,888 2021

LIST TO SALES PRICE RATIO

101.73% 2022

3.69%

98.03% 2021


SEA PINES

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

101

138

26.8%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

17

47

63.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$642.39

30.4% $492.59 2021

2022

AVERAGE SALES PRICE

$1,628,557 2022

19.9%

$1,358,131 2021

LIST TO SALES PRICE RATIO

100.80% 2022

3.11%

97.69% 2021

SHIPYARD

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

31

39

20.5%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

7

13

46.2%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$404.92

35.7% $298.48 2021

2022

AVERAGE SALES PRICE

$674,500 2022

46.2%

$461,356 2021

LIST TO SALES PRICE RATIO

103.75% 2022

1.44%

102.32% 2021


SPANISH WELLS

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

4

6

33.3%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

99

45

120.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$353.45

26.5% $481.04 2021

2022

AVERAGE SALES PRICE

$1,736,250 2022

23.3%

$2,262,500 2021

LIST TO SALES PRICE RATIO

94.89% 2022

WEXFORD

1.52%

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

4

14

71.4%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

10

88

88.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$464.48

71.7% $270.45 2021

2022

AVERAGE SALES PRICE

$2,719,000 2022

91.6%

$1,419,071 2021

LIST TO SALES PRICE RATIO

98.60% 2022

4.59%

94.01% 2021

96.41% 2021


WINDMILL HARBOUR

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

4

17

76.5%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

2

92

97.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$363.71

18.7% $306.33 2021

2022

AVERAGE SALES PRICE

$692,250 2022

23.0%

$899,588 2021

LIST TO SALES PRICE RATIO

104.97% 2022

DAUFUSKIE ISLAND

8.06% 96.90% 2021

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

11

16

31.3%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

67

409

83.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$319.90

30.5% $245.19 2021

2022

AVERAGE SALES PRICE

$841,045 2022

19.0%

$706,994 2021

LIST TO SALES PRICE RATIO

94.11% 2022

3.86%

97.97% 2021


2022 Q2 Market Report Section 2: Bluffton and Okatie


BELFAIR

Residential Sales | Bluffton and Okatie NUMBER OF SALES

16

15

6.7%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

54

167

67.7%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$323.99

50.0% $215.93 2021

2022

AVERAGE SALES PRICE

$1,362,156 2022

62.3%

$839,474 2021

LIST TO SALES PRICE RATIO

97.26% 2022

3.74%

93.52% 2021

BERKELEY HALL

Residential Sales | Bluffton and Okatie NUMBER OF SALES

11

15

26.7%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

24

27

11.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$345.16

48.6% $232.31 2021

2022

AVERAGE SALES PRICE

$1,267,500 2022

42.0%

$892,867 2021

LIST TO SALES PRICE RATIO

100.10% 2022

0.39%

99.71% 2021


BLUFFTON GENERAL

Residential Sales | Bluffton and Okatie NUMBER OF SALES

330

449

26.5%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

14

21

33.3%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$226.07

32.8% $170.25 2021

2022

AVERAGE SALES PRICE

$449,498 2022

26.9%

$354,353 2021

LIST TO SALES PRICE RATIO

100.48% 2022

0.72%

99.75% 2021

CALLAWASSIE ISLAND

Residential Sales | Bluffton and Okatie NUMBER OF SALES

12

23

47.8%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

24

205

88.3%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$243.96

69.3% $144.14 2021

2022

AVERAGE SALES PRICE

$775,125 2022

79.0%

$433,028 2021

LIST TO SALES PRICE RATIO

99.71% 2022

1.62%

98.09% 2021


COLLETON RIVER

Residential Sales | Bluffton and Okatie NUMBER OF SALES

13

16

18.8%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

20

53

62.3%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$401.20

64.2% $244.33 2021

2022

AVERAGE SALES PRICE

$2,078,577 2022

106.1%

$1,008,443 2021

LIST TO SALES PRICE RATIO

97.88% 2022

0.61%

98.49% 2021

HAMPTON HALL

Residential Sales | Buffton and Okatie NUMBER OF SALES

14

35

60.0%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

6

43

86.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$290.59

27.8% $227.30 2021

2022

AVERAGE SALES PRICE

$826,299 2022

24.5%

$663,844 2021

LIST TO SALES PRICE RATIO

101.77% 2022

1.95%

99.82% 2021


HAMPTON LAKE

Residential Sales | Bluffton and Okatie NUMBER OF SALES

22

35

37.1%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

6

54

88.9%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$333.93

35.1% $247.20 2021

2022

AVERAGE SALES PRICE

$989,614 2022

45.7%

$679,010 2021

LIST TO SALES PRICE RATIO

100.67% 2022

2.05%

98.62% 2021

HILTON HEAD LAKES

Residential Sales | Buffton and Okatie NUMBER OF SALES

11

12

8.3%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

6

123

95.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$181.13

$199.39

9.2%

2022

2021

AVERAGE SALES PRICE

$340,262 2022

17.6%

$413,057 2021

LIST TO SALES PRICE RATIO

100.15% 2022

1.25%

98.90% 2021


OLDFIELD

Residential Sales | Bluffton and Okatie NUMBER OF SALES

3

22

86.4%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

9

87

89.7%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$396.35

42.8% $277.60 2021

2022

AVERAGE SALES PRICE

$1,616,633 2022

72.2%

$938,675 2021

LIST TO SALES PRICE RATIO

101.72% 2022

3.73%

97.99% 2021

PALMETTO BLUFF

Residential Sales | Buffton and Okatie NUMBER OF SALES

28

36

22.2%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

31

26

19.2%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$746.06

27.7% $584.34 2021

2022

AVERAGE SALES PRICE

$2,444,203 2022

28.0%

$1,908,816 2021

LIST TO SALES PRICE RATIO

94.31% 2022

4.25%

98.56% 2021


ROSE HILL

Residential Sales | Bluffton and Okatie NUMBER OF SALES

13

22

40.9%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

12

33

63.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$279.41

38.1% $202.28 2021

2022

AVERAGE SALES PRICE

$728,466 2022

24.3%

$586,209 2021

LIST TO SALES PRICE RATIO

101.48% 2022

2.58%

98.89% 2021

SPRING ISLAND

Residential Sales | Bluffton and Okatie NUMBER OF SALES

4

5

20.0%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

41

229

82.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$662.94

37.2% $483.04 2021

2022

AVERAGE SALES PRICE

$1,530,625 2022

38.7%

$2,495,000 2021

LIST TO SALES PRICE RATIO

96.27% 2022

3.45%

92.82% 2021


SUN CITY/RIVERBEND

Residential Sales | Bluffton and Okatie NUMBER OF SALES

186

214

13.1%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

15

14

7.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$253.14

27.3% $198.92 2021

2022

AVERAGE SALES PRICE

$505,921 2022

36.1%

$371,716 2021

LIST TO SALES PRICE RATIO

101.30% 2022

0.76%

100.54% 2021

LATITUDE MARGARITAVILLE Residential Sales | Buffton and Okatie

NUMBER OF SALES

94

88

6.8%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

5

7

28.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$222.74

12.4% $198.25 2021

2022

AVERAGE SALES PRICE

$425,540 2022

24.7%

$341,242 2021

LIST TO SALES PRICE RATIO

101.46% 2022

1.32%

100.13% 2021


2022 Q2 Market Report Section 3: Jasper County


JASPER COUNTY

Residential Sales | Jasper County NUMBER OF SALES

46

57

19.3%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

37

60

38.3%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$165.89

$155.83

6.5%

2022

2021

AVERAGE SALES PRICE

$275,042 2022

10.3%

$306,636 2021

LIST TO SALES PRICE RATIO

98.96% 2022

0.25%

99.21% 2021

HARDEEVILLE

Residential Sales | Jasper County NUMBER OF SALES

6

12

50.0%

2022

2021

AVERAGE CUMULATIVE DAYS ON MARKET

81

104

22.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$158.53

$148.83

6.5%

2022

2021

AVERAGE SALES PRICE

$290,167 2022

8.4%

$316,687 2021

LIST TO SALES PRICE RATIO

101.23% 2022

4.71%

96.53% 2021


Nothing Compares.

49 BOUNDARY STREET, BLUFFTON, SC | 23-A SHELTER COVE LANE, HILTON HEAD ISLAND, SC DANIELRAVENELSIR.COM Each Office is Independently Owned and Operated. 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.


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