QUARTERLY SALES UPDATE – 2 01 9 T H I R D Q UA RT E R U P DAT E –
Fall has arrived in the Lowcountry, and we are excited to celebrate with some of our biggest events here on the Bluff. Our 13th helping of Music to Your Mouth will be here before we know it, November 18 – 24. In December, we’ll welcome Hibiscus Linens to the Artist Cottage, close out our 2019 Chapel Concert series with Lowcountry Boil, and host our sixth annual Buffalo Run (10K, 30K, and 50K trail races). This is also the busiest time of year for Palmetto Bluff Real Estate Company. We are pleased to share our performance results so far in 2019, and we are excited to welcome many new owners to the community. 2019 has been a record-setting year for Palmetto Bluff Real Estate Company. As we head into the fourth quarter of 2019, Palmetto Bluff continues to see vigorous demand across almost every segment of our real estate market. Through September 30, Palmetto Bluff has seen $138 million in sales communitywide. To put this into perspective, the record for total closing volume was set in 2005 with $155 million, followed by 2006 with $130 million. With three strong months left in the year, Palmetto Bluff is already at its second highest year for community sales volume which has been boosted tremendously by existing home transactions. We have 79 homes closed and pending for the year – a record high for sales of existing homes. Total unit transactions closed and pending, year-to-date, are currently at 178. Custom home building has also been strong this year. As many of you are aware, Palmetto Bluff Real Estate Company launched the Builder Guild Home Collection this summer and we have already experienced early success. Between Builder Guild and developer-built home sales, there have been 23 home sales, year to date. There are also 171 homes currently under construction and/or in the design review approval process. This is on top of 656 existing homes within Palmetto Bluff. Further, we are seeing many home purchasers consider Palmetto Bluff as a primary residence. This general movement toward full-time buyers, along with a strong demand for new construction, will continue to be the trend for Palmetto Bluff, and it won’t be long until we welcome our 800th resident to the community. As we move into our historically strong fall season, we want to thank you again for your enthusiasm for this community and your unwavering support for this place. We look forward to seeing all of you around the Bluff this fall. Warm regards, The Palmetto Bluff Real Estate Company
W. BRYAN BYRNE
AMANDA CUTRER
JEFF QUINN
MARTIN ROACHE
138M
$
656
IN SALES IN 2019
COMPLETED HOMES
171
131M
HOMES UNDER CONSTRUCTION
1302
MEDIA IMPRESSIONS IN 2019
455
TOURS THIS YEAR
MUSIC TO YOUR MOUTH
TICKETS SOLD 2019 REAL ESTATE SALES
Year-to-date sales of homes and homesites closed and pending by Palmetto Bluff Real Estate Company. Homesites Closed and Pending Year-To-Date 2019 By Selling Company*
Homes Closed and Pending in 2019 By Selling Company* 80
50 45
72
40
64
35
56
30
48 40
25 20
42
15 5 0
24
25
10
Palmetto Bluff Real Estate
77
32
Company
B
18 6
5
1
Company
Company
Private Sale
C-H
I
8 0
12 Palmetto Bluff Real Estate
Company
B
3
3
2
2
Company
Company
Company
Company
C
*SELLING COMPANY WAS PROCURING CAUSE FOR THE TRANSACTION.
F
G
H
FEATURED LISTINGS
118 AUGUST LANE Montage Residence Neighborhood | Park | 3 Bedroom | 3.5 Bath | 2,907 sq. ft. | $2,100,000 Tucked into the Montage Residences Palmetto Bluff, 118 August Lane is a three-bedroom, three-and-a-half-bathroom home featuring gorgeous park views and traditional Southern architecture. With almost 3,000 square feet of well-appointed living space, this home features a high level of both interior and exterior finishes including vaulted ceilings, granite countertops, wood floors throughout, and more.
EXPLORE
112 VINSON ROAD 4 Bedroom | 4.5 Bath | 3,810 sq. ft. | $1,875,000
218 DAVIES ROAD 4 Bedroom | 4.5 Bath | 3,596 sq. ft. | $1,499,000
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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