2022 Annual Market Report | Hilton Head Island and Bluffton

Page 1

2022 ANNUAL MARKET REPORT HILTON HEAD ISLAND AND BLUFFTON

2022 Featured Sold Properties 34 Bridgetown Road, Hilton Head Island | Sold at $2,375,000 3 Tidelands Court, Bluffton | Sold at $2,950,000 16 Hampton Lane, Bluffton | Sold at $4,873,500

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

2022 Annual Market Report Section 1: Hilton Head Island and Daufuskie Island

HILTON HEAD ISLAND (SINGLE FAMILY HOMES) 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 177 2022 245 2021 51 2022 48 2021 $318.84 2022 $246.88 2021 $817,423 2022 $644,046 2021 97.76% 2022 98.24% 2021 27.8% 6.3% 29.1% 26.9% 0.48% 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 336 2022 415 2021 24 2022 29 2021 $280.36 2022 $209.45 2021 $296,167 2022 $226,464 2021 98.89% 2022 98.76% 2021 19% 17.2% 33.9% 30.8% 0.12%
FOLLY FIELD 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 147 2022 189 2021 975 2022 885 2021 $524.91 2022 $407.59 2021 $512,748 2022 $382,803 2021 97.86% 2022 98.73% 2021 22.2% 10.17% 28.8% 33.9% 0.87% 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 253 2022 412 2021 36 2022 53 2021 $530.90 2022 $413.95 2021 $623,255 2022 $620,917 2021 98.19% 2022 97.82% 2021 38.6% 32.1% 28.3% 0.4% 0.37%
INDIGO RUN 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 34 2022 68 2021 16 2022 23 2021 $324.37 2022 $259.83 2021 $1,073,465 2022 $856,576 2021 100.02% 2022 99.84% 2021 HILTON HEAD PLANTATION 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 213 2022 304 2021 15 2022 28 2021 $344.27 2022 $274.02 2021 $899,842 2022 $723,462 2021 101.47% 2022 99.17% 2021 29.9% 46.4% 25.6% 24.4% 2.3% 50.0% 30.4% 24.8% 25.3% 0.18%
LONG 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 37 2022 53 2021 29 2022 32 2021 $329.06 2022 $265.46 2021 $1,150,886 2022 $1,041,751 2021 98.39% 2022 97.87% 2021 30.2% 9.4% 24% 10.5% 0.51% 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 65 2022 76 2021 28 2022 41 2021 $299.75 2022 $229.70 2021 $738,154 2022 $550,903 2021 98.96% 2022 100.2% 2021 14.5% 31.7% 30.5% 34% 1.24%
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 260 2022 386 2021 33 2022 52 2021 $586.36 2022 $454.06 2021 $1,205,066 2022 $947,741 2021 98.34% 2022 98.66% 2021 32.6% 36.5% 29.1% 27.2% 0.31% PALMETTO HALL 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 22 2022 36 2021 20 2022 28 2021 $298.63 2022 $238.40 2021 $954,284 2022 $792,719 2021 97.5% 2022 98.14% 2021 38.9% 28.6% 20.4% 0.64% 25.3%
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 59 2022 69 2021 35 2022 51 2021 $447.78 2022 $355.85 2021 $1,247,550 2022 $1,079,588 2021 99.21% 2022 97.21% 2021 14.5% 31.4% 25.8% 15.6% 2.0% $ 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 price-point. High-touch, service-minded, and technology driven; our representation goes above and beyond all others. 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
SEA PINES 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 341 2022 491 2021 25 2022 52 2021 $588.92 2022 $481.39 2021 $1,513,766 2022 $1,314,143 2021 99.03% 2022 97.54% 2021 30.5% 51.9% 22.3% 15.2% 1.49% 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 102 2022 127 2021 17 2022 15 2021 $398.04 2022 $314.02 2021 $622,852 2022 $481,393 2021 100.04% 2022 100.02% 2021 19.7% 13.3% 26.8% 29.4% 0.01%
SPANISH WELLS Residential Sales | Hilton Head Island and Daufuskie Island WEXFORD 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 2022 43 2021 38 2022 103 2021 $419.02 2022 $286.31 2021 $1,993,000 2022 $1,483,150 2021 96.96% 2022 94.95% 2021 46.5% 63.1% 46.4% 34.4% 2.01% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE CUMULATIVE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 7 2022 19 2021 66 2022 93 2021 $367.55 2022 $448.66 2021 $1,873,571 2022 $2,173,158 2021 94.95% 2022 96.28% 2021 63.2% 29% 18.1% 13.8% 1.33%
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 47 2022 82 2021 64 2022 172 2021 $320.54 2022 $229.86 2021 $793,253 2022 $709,400 2021 93.32% 2022 94.75% 2021 42.7% 62.8% 39.5% 11.8% 1.43% 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 22 2022 51 2021 25 2022 90 2021 $335.88 2022 $314.21 2021 $866,177 2022 $1,029,331 2021 96.36% 2022 95.37% 2021 56.9% 72.2% 6.9% 15.9% .98%

2022 Annual Market Report 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 49 2022 60 2021 51 2022 100 2021 $327.58 2022 $236.03 2021 $1,372,806 2022 $933,875 2021 96.55% 2022 96.50% 2021 BERKELEY 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 41 2022 61 2021 45 2022 46 2021 $341.22 2022 $222.58 2021 $1,270,526 2022 $873,443 2021 98.85% 2022 99.14% 2021 18.3% 49% 38.8% 47% 0.04% 32.8% 2.2% 53.3% 45.5% 0.29%
BLUFFTON GENERAL 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 1,154 2022 1,474 2021 20 2022 24 2021 $223.54 2022 $180.11 2021 $451,175 2022 $373,261 2021 99.19% 2022 99% 2021 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 37 2022 73 2021 49 2022 152 2021 $272.46 2022 $181.73 2021 $858,096 2022 $537,305 2021 96.98% 2022 97.44% 2021 21.7% 16.7% 24.1% 20.9% 0.20% 49.3% 67.8% 49.9% 59.7% 0.47%
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 42 2022 43 2021 43 2022 75 2021 $393.64 2022 $251.40 2021 $1,916,607 2022 $1,051,525 2021 97.83% 2022 98.33% 2021 HAMPTON HALL 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 60 2022 102 2021 18 2022 44 2021 $273.04 2022 $227.48 2021 $805,003 2022 $707,397 2021 100.26% 2022 99.36% 2021 2.3% 42.7% 56.6% 82.3% 0.51% 41.2% 59.1% 20% 13.8% 0.90%
HAMPTON LAKE 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 76 2022 111 2021 24 2022 50 2021 $322.49 2022 $258.93 2021 $939,968 2022 $742,786 2021 99.30% 2022 98.16% 2021 31.5% 52% 24.5% 26.5% 1.14% HILTON HEAD LAKES 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 54 2022 31 2021 29 2022 113 2021 $181.59 2022 $187.75 2021 $357,296 2022 $382,763 2021 98.02% 2022 98.69% 2021 74.2% 74.3% 3.3% 6.7% 0.67%
OLDFIELD 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 24 2022 57 2021 60 2022 64 2021 $312.35 2022 $269.92 2021 $1,118,127 2022 $891,790 2021 98.86% 2022 98.14% 2021 PALMETTO BLUFF 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 90 2022 112 2021 35 2022 33 2021 $743.53 2022 $625.49 2021 $2,301,651 2022 $2,197,361 2021 97.52% 2022 97.16% 2021 57.9% 6.3% 15.7% 25.4% 0.72% 19.6% 6.1% 18.9% 4.7% 0.36%
ROSE HILL 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 51 2022 93 2021 17 2022 39 2021 $275.73 2022 $219.57 2021 $759,957 2022 $658,635 2021 101.62% 2022 97.49% 2021 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 13 2022 20 2021 66 2022 144 2021 $588.56 2022 $515.41 2021 $1,997,821 2022 $2,011,425 2021 88.66% 2022 94.92% 2021 45.2% 56.4% 25.6% 15.4% 4.13% 35% 54.2% 14.2% 0.7% 6.25%
SUN CITY/RIVERBEND 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 681 2022 776 2021 14 2022 23 2021 $256.94 2022 $204.53 2021 $494,976 2022 $394,469 2021 100.43% 2022 100.42% 2021 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 409 2022 331 2021 5 2022 10 2021 $228.13 2022 $200.87 2021 $419,964 2022 $355,193 2021 101.23% 2022 102.26% 2021 12.2% 39.1% 25.6% 25.5% 0.01% 23.6% 50% 13.6% 18.2% 1.03%

2022 Annual Market Report Section 3: Jasper County

JASPER COUNTY 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 229 2022 263 2021 102 2022 110 2021 $189.87 2022 $157.27 2021 $362,182 2022 $291,958 2021 98.89% 2022 97.89% 2021 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 112 2022 80 2021 136 2022 116 2021 $195.26 2022 $166.03 2021 $390,079 2022 $326,344 2021 99.5% 2022 99.45% 2021 12.9% 7.3% 20.7% 24.1% 1.01% 40% 17.2% 17.6% 19.5% 0.05%

Nothing Compares.

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
the
and the
Act. Each
is
owned and operated. Each
principles of
Fair Housing Act
Equal Opportunity
franchise
independently
Office is Independently Owned and Operated.
49 BOUNDARY STREET, BLUFFTON,
| 23-A SHELTER
SC
COVE LANE, HILTON HEAD ISLAND, SC

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.