2023 Annual Market Report | Beaufort & The Sea Islands

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2023 ANNUAL

MARK ET REPO RT BEAUFORT & THE SEA ISLANDS


Featured Properties COVER HOME

718 Winter Trout Road, Fripp Island | Sold for $3,100,000

7 Tomlow Trace, Habersham | Sold for $839,000

40 Stedy Git N It Lane, Saint Helena Island | Sold for $1,400,000


The Overview 2023 vs 2022

The Beaufort Area NUMBER OF SALES

1,522

ˇ

11.8%

AVERAGE DAYS ON MARKET

100

^

23.2%

AVERAGE SOLD PRICE PER SQFT

$273.39

^

4.8%

AVERAGE SALES PRICE

$516,557

^

4.9%

LIST TO SALES PRICE RATIO

96.99%

ˇ

0.66%


2023 Annual Market Report Beaufort & The Sea Islands


BEAUFORT Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

145

155

6.5%

2023

2022

AVERAGE DAYS ON MARKET

110

67

64.2%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$252.56

$235.51

7.2%

2023

2022

AVERAGE SALES PRICE

$480,978 2023

8.5% $443,122 2022

LIST TO SALES PRICE RATIO

96.10% 2023

0.96%

97.06% 2022

BURTON Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

533

604

11.8%

2023

2022

AVERAGE DAYS ON MARKET

90

73

23.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$218.31

14.7% $190.30 2022

2023

AVERAGE SALES PRICE

$409,085 2023

18.6%

$344,892 2022

LIST TO SALES PRICE RATIO

98.51% 2023

0.92%

99.43% 2022


DATAW ISLAND Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

62

66

6.1%

2023

2022

AVERAGE DAYS ON MARKET

88

91

3.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$254.33

3.9% $244.90 2022

2023

AVERAGE SALES PRICE

$598,956 2023

3.1%

$581,129 2022

LIST TO SALES PRICE RATIO

97.03% 2023

2.34%

99.37% 2022

LADY’S ISLAND Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

364

471

22.7%

2023

2022

AVERAGE DAYS ON MARKET

127

91

39.6%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$244.45

10.5% $221.24 2022

2023

AVERAGE SALES PRICE

$529,738 2023

14.9%

$461,054 2022

LIST TO SALES PRICE RATIO

98.35% 2023

0.8%

99.15% 2022


HARBOR ISLAND Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

42

66

36.4%

2023

2022

AVERAGE DAYS ON MARKET

73

77

5.2%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$329.90

$327.92

0.6%

2023

2022

AVERAGE SALES PRICE

$461,346 2023

3.5% $478,220 2022

LIST TO SALES PRICE RATIO

97.08% 2023

1.31% 95.77% 2022

FRIPP ISLAND Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

104

100

4.0%

2023

2022

AVERAGE DAYS ON MARKET

111

94

18.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$440.35

8.1%

2023

$407.45 2022

AVERAGE SALES PRICE

$872,221 2023

5.0% $830,909 2022

LIST TO SALES PRICE RATIO

95.48% 2023

0.94% 96.42% 2022


HABERSHAM Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

62

56

10.7%

2023

2022

AVERAGE DAYS ON MARKET

79

98

19.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$383.11

20.4% $318.13 2022

2023

AVERAGE SALES PRICE

$795,982 2023

23.7%

$643,621 2022

LIST TO SALES PRICE RATIO

97.80% 2023

1.14% 98.95% 2022

PORT ROYAL Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

187

190

1.6%

2023

2022

AVERAGE DAYS ON MARKET

104

74

40.5%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$203.37

$174.23

16.7%

2023

2022

AVERAGE SALES PRICE

$327,308 2023

8.2%

$302,510 2022

LIST TO SALES PRICE RATIO

99.22% 2023

0.36%

99.59% 2022


ST HELENA ISLAND Residential Sales | Beaufort and Sea Islands NUMBER OF SALES

85

16.4%

2023

73

2022

AVERAGE DAYS ON MARKET

94

17.5%

2023

80

2022

AVERAGE SOLD PRICE PER SQFT

$243.81

14.7% $285.86 2022

2023

AVERAGE SALES PRICE

$452,824 2023

9.3% $499,093 2022

LIST TO SALES PRICE RATIO

96.27% 2023

0.19% 96.47% 2022

View Kiawah Island Listings

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DISCOVER THE DIFFERENCE.


LUXURY IS

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Serving the Lowcountry in Charleston, Savannah Hilton Head Island, Beaufort & Bluffton WWW.DANIELRAVENELSIR.COM


Nothing Compares.

49 BOUNDARY STREET, BLUFFTON, SC 29910 | 843.836.3900 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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