QUARTERLY SALES UPDATE – 2 01 9 F I R ST Q UA RT E R U P DAT E –
As a community, the start to 2019 has brought us plenty to smile about. We kicked off the year with a great Field + Fire weekend in February and the third year of our Artist in Residence programming began just a couple weeks later. The real estate team has connected with over 1,300 new prospective buyers and year-to-date, the Palmetto Bluff Real Estate Company (PBREC) has seen a 100% increase in new transactions versus this time last year. This measure of new sales versus actual closings is the best indicator for our team as to how the real estate market in Palmetto Bluff is growing. After all, closing timeframes range widely from several days to several months and the mix of homes versus homesites can sometimes obscure how things are actually trending, but the number of new sales year-to-date never fails to be a predictor of future success. PBREC’s mix of new sales is also following historic norms with 71% of our purchasers selecting homesites and 29% homes. Also encouraging is our continued success marketing and selling the community, with an impressive 22% of our customers who tour making a purchase decision this year. With an industry standard of 1 out of 10 customers making a purchasing decision, our continued success of 1 out of 5 customers making a decision is a highlight. PBREC continues to be the market leader in Palmetto Bluff generating 71% of the new buyers for closed and pending transactions year-to-date. Community wide we have seen 79 properties closed and pending for $62.4 million in 2019 versus 41 properties for $40.6 million this time last year, an increase of 93% and 54% respectively. The Design Review Board has been as busy as ever with 164 homes either under construction or in the architectural review process. We are excited to add these homes to the 625 completed today. New construction generates significant excitement and helps accelerate sales of properties throughout the community. If you haven’t been on a property tour, we encourage you to explore the progress made in River Road and Moreland Village. The level of custom home construction and quality of design is truly impressive. Thank you all for your support. Best regards, The Palmetto Bluff Real Estate Company
62.4M
$
625
IN SALES IN 2019
COMPLETED HOMES
164
34M
HOMES UNDER CONSTRUCTION
MEDIA IMPRESSIONS IN 2019
177
PALMETTO BLUFF MARATHON PARTICIPANTS TRAVELED FROM
27 STATES AND
3 COUNTRIES
TOURS THIS YEAR
2019 REAL ESTATE SALES Year-to-date sales of homes and homesites closed and pending by Palmetto Bluff Real Estate Company. Homes Closed and Pending in 2019 By Selling Company*
Homesites Closed and Pending Year-To-Date 2019 By Selling Company* 50
20 18
45
16
40
14
35
12
30
10 8
25 17 14
6
15 10
4 2 0
40
20
4 Palmetto Bluff Real Estate
Company
B
Company
C
2
1
Private Sale
Company
D
5 0
Palmetto Bluff Real Estate
6
3
1
1
1
Company
Private Sale
Company C
Company
Company
B
*SELLING COMPANY WAS PROCURING CAUSE FOR THE TRANSACTION.
D
E
FEATURED LISTINGS
458 CORLEY STREET Moreland Village | Marsh | 0.17 acres | $875,000 458 Corley Street is a .17-acre homesite in Palmetto Bluff’s second village, Moreland. With panoramic views of live oaks that extend out over the captivating brackish waters of Cauley’s Creek, this coveted homesite gives future owners ample space to build a custom home with waterfront views while enjoying the village lifestyle. Future owners can also enjoy all of the amenities of Moreland Village within a short walk. The Boundary features Cole’s restaurant, two pools, state-of-the-art fitness center, art loft and bowling alley for members to enjoy. Located just in front of this homesite, a pedestrian and biking trail leads owners and guests through Moreland and the River Road Preserve, a 120-acre protected ancient maritime forest. Also within a short distance is Moreland Landing that features a community dock on Cauley’s Creek and a remarkable treehouse.
EXPLORE
18 REMINGTON ROAD 3 Bedroom | 3.5 Bath | 2,448 sq. ft. | $1,025,000
19 NORTH DRAYTON STREET 4 Bedroom | 3.5 Bath | 2,149 sq. ft. | $1,165,000
VIEW LISTING
VIEW LISTING
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. © 2019 The Palmetto Bluff Company, L.L.C. All rights reserved.
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