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
Q3 RESULTS
30
781
AVG. DAYS ON MARKET (HOMES)
COMPLETED HOMES
388
1.92M
HOMES IN DESIGN/ CONSTRUCTION
PAGE VIEWS
424
626K
WEBSITE
REAL ESTATE TOURS
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* 200
120 108
180
96
160
84
140
72
120
60
100
116
36
60
24
40 32
12 0
199
80
48
Palmetto Bluff Real Estate
22
Company
Q
Company
B-O
17 Private Sale
20 6 Company
P
0
Palmetto Bluff Real Estate
19
7
7
4
Company
Private Sales
Company
Company
B-O
*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.
Q
P
FEATURED LISTINGS
CLOSINGS YEAR-TO-DATE
8% 26% 66%
HOMES PBREC (Listing, Selling, + Both Sides): 127 67 TROUT HOLE ROAD May River Forest Neighborhood | River Homesite | 1.29 acres | $3,500,000 Boasting an incredible 160 feet of frontage on the beautiful May River with unimpeded sightlines and mature tree coverage, this homesite represents a unique opportunity to work with the Lowcountry’s most talented architects and builders on a site with abundant space to build a custom home, guest cottage, detached garage, and extended outdoor living space. Explore the 20,000 acres that Palmetto Bluff calls home with unparalleled access to first-class amenities on the land and on water, all from the convenience of your riverfront estate.
EXPLORE
PBREC Neither Side: 50 Private: 16
TOTAL: 193 Builder Guild 88 $ Volume $115,283,873 Resale Homes 105 $ Volume $235,014,143
4% 8%
88%
HOMESITES 129 RED OCHRE ROAD River Road | Watertrail 0.46 acres
155 VINSON ROAD Moreland Point | Lake 0.45 acres
PBREC (Listing, Selling, + Both Sides): 208 PBREC Neither Side: 19 Private: 9
VIEW LISTING
VIEW LISTING
TOTAL: 236
year-to-date
Resale Homesites 62
429 homes and homesites Total Dollar Volume Sold and Pending: $451,208,216 Total Sold and Pending:
$ Volume $43,759,200 Developer Homesites 174 $ Volume $57,151,000
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 –