REAL ESTATE SALES REPORT – 2 02 1 T H I R D Q UA RT E R U P DAT E –
THIRD QUARTER RESALE MARKET HOMES
HOMESITES
24
24
$2,654,478
$656,071
total closed average purchase price
$700.90
average price per sq ft % of list average days on market Total number of homes in the DRB process/under construction as of September 30
94.87%
97.38%
30
15
PBREC’s involvement in community closed and pending transactions YTD
22%
41% 59%
78%
In review: 158 Under construction: 230
PBREC Other
DRB TOTAL: 388
W. BRYAN BYRNE
If you have taken a drive around Palmetto Bluff recently, you will have noticed the construction activity in our community has continued unabated. We now have 388 homes either under construction or in the DRB review process. This is on top of 781 completed homes already on the ground. In the not too distant future, we will have over 1,000 rooftops in our community. The real estate market in Palmetto Bluff continues to surpass last year’s record. As of this writing, there are 429 properties worth over $451MM, either closed or pending, in Palmetto Bluff. This same time last year, we had 316 properties with $269MM in the pipeline. If you combine this sales success with the fact that less than 1% of the privately owned properties are on the resale market, we are seeing values increase across the board. As always, all of us at Palmetto Bluff Real Estate Company thank you for your referrals and support. Please reach out to us if you have questions about new development plans or simply want to know what your Palmetto Bluff property is worth in today’s environment. Warm regards, The Palmetto Bluff Real Estate Company
AMANDA CUTRER
JEFF QUINN
MARTIN ROACHE
TRACY SCHYBERG
JIM STATON