QUARTERLY SALES UPDATE – 2 02 1 S ECO N D Q UA RT E R U P DAT E –
It is an incredible time to be a Palmetto Bluff homeowner. Those of us who have been here since the early years are really noticing the growth. We just wrapped our Fourth of July festivities and what a difference since the first Fourth of July golf cart parade in 2005. It featured just six carts, most driven by employees, while this year’s extravaganza included 70+ carts and well over 150 participants. We’ve come a long way together. The growth is everywhere. As of this writing, there are 337 homes either under construction or in the design review approval process, and 772 completed homes within the community. When you drive around Palmetto Bluff, you can view firsthand the unbounded momentum of home building efforts and the impressive new architecture taking shape. Sales within Palmetto Bluff have been at historic levels. Our pipeline of closed and pending transactions stands at $327M and 310 properties. Although some of these properties are presales of new homes which won’t close until next year, if you compare the sheer magnitude of the current pipeline of closed and pending properties to the total closings for all of 2020 (319 closings for $257M), we are certainly off to an unprecedented start for this year. Property values are up across the board. The median resale home closing value for 2020 was $1.39M, while the current median for closed and pending resale homes is $1.69M, a sizeable 22% increase YOY. Resale homesites are also seeing a large increase in value, jumping from a median resale home closing in 2020 of $408K to a current median value for resale homesites closed and pending for the year of $647K, a 59% increase YOY. Limited inventories of existing properties for sale and an extensive pool of potential buyers waiting in the wings have driven values to new heights in virtually every segment. As of this writing, there were only six existing resale homes and one resale homesite on the market in all of Palmetto Bluff. It has never been a better time to be a seller. If you are considering selling, please give us a call for a complimentary assessment of the value of your land or home. Palmetto Bluff Real Estate Company continues to be the #1 firm for sales of properties within this community. Thank you for your unwavering support of this incredible place. We look forward to seeing you around soon. Warm regards, The Palmetto Bluff Real Estate Company
W. BRYAN BYRNE
AMANDA CUTRER
JEFF QUINN
MARTIN ROACHE
TRACY SCHYBERG
JIM STATON
Q2 RESULTS
38
772
AVG. DAYS ON MARKET (HOMES)
COMPLETED HOMES
337
11.8M
HOMES IN DESIGN/ CONSTRUCTION
552K
MEDIA IMPRESSIONS
765
REAL ESTATE TOURS
WEBSITE
VISITS 2021 REAL ESTATE SALES
Year-to-date sales of homes and homesites closed and pending by Palmetto Bluff Real Estate Company. Homes Closed Year-To-Date 2021 By Selling Company*
Homesites Closed Year-To-Date 2021 By Selling Company* 130
100 90
117
80
104
70
91
60
78
50
65
96
40
52
30
39 26
20 22
10 0
125
Palmetto Bluff Real Estate
18
Company
Q
Company
B-O
15 Private Sale
13 5 Company
P
0
14 Palmetto Bluff Real Estate
Company
B-O
7 Private Sales
*SELLING COMPANY WAS PROCURING CAUSE FOR THE TRANSACTION. TRANSACTIONS INCLUDE CLOSED, PENDING, AND RESERVED. ALL DEVELOPER LOTS AND BUILDER GUILD HOMES ARE INCLUDED IN THE PBREC TRANSACTIONS.
5
3
Company
Company
Q
P
FEATURED LISTINGS
32 GILDED STREET West Wilson Neighborhood | 5 Bedroom | 5 Bath, 2 Half-Baths | 4,787 sq. ft. | $3,400,000 The perfect retreat for enjoying the mild Lowcountry weather, 32 Gilded Street boasts a private heated pool, fully air-conditioned outdoor pool house, a sauna, outdoor shower, inviting back porch with an integrated gas grill, and a backyard fire pit, all within the centrally located West Wilson neighborhood. Inside, this spacious five-bedroom, five-andtwo-half-bathroom 4,787 square foot home features an inviting floorplan and refined interior features throughout.
EXPLORE
401 OLD PALMETTO BLUFF ROAD 5 Bedroom | 4 Bath, 2 Half-Baths | 7,708 sq. ft. | $5,985,000
324 QUAYSIDE VILLAGE LANE Park Homesite | 0.23 acres | $475,000
VIEW LISTING
VIEW LISTING
THE PALMETTO BLUFF REAL ESTATE TEAM
W. BRYAN BYRNE 843.247.3374
AMANDA CUTRER 912.484.6782
JEFF QUINN 678.787.3164
bbyrne@palmettobluff.com
acutrer@palmettobluff.com
jquinn@palmettobluff.com
MARTIN ROACHE 854.202.4344
TRACY SCHYBERG 912.659.6206
JIM STATON 704.497.1441
mroache@palmettobluff.com tschyberg@palmettobluff.com
jstaton@palmettobluff.com
PALMETTO BLUFF REAL ESTATE COMPANY 800.501.7405 19 Village Park Square, Bluffton, South Carolina 29910
Obtain the Property Report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. This does not constitute an offer to sell or a solicitation of any offer to buy where prohibited by law. All plans have been prepared for graphic presentation only. Room dimensions, building elevations and narrative descriptions are approximate. This is a conceptual view; details and materials shown may differ from initial offering specifications. Palmetto Bluff Real Estate Company does not represent or warrant that the above design depicts the exact current dimensions of the structure or exact current placement of fixtures within the structure. The customer is responsible for confirming exact current measurements and the exact current placement of fixtures within the structure prior to purchase. © 2020 The Palmetto Bluff Company, L.L.C. All rights reserved.
– WW W. PA L M E T TO B L U F F. CO M –