PALMETTO BLUFF PROPERTY REPORT – 2 02 3 T H I R D Q UA RT E R U P DAT E –
Y E A R - T O - D A T E
A T
A
G L A N C E
total closed & pending
160 for $320M homes closed & pending
118 for $277M homesites closed & pending
42 for $43M *Numbers reflect community wide closed and pending sales
PALMETTO BLUFF REAL ESTATE COMPANY
Despite a return to a more normal sales pace, there continues to be a strong demand for Palmetto Bluff real estate, as evidenced by 41 closed sales for $76 million communitywide in the third quarter of 2023. Year-to-date, there have been 160 closed and pending transactions community-wide for $320 million. Palmetto Bluff Real Estate Company remains at the forefront, with 109 closed and pending transactions and $190.3 million in sales volume. Also in the third quarter, Palmetto Bluff reached a milestone of exceeding 1,000 homes with an additional 157 homes under review with the Design Review Board and 237 under construction. The eagerly anticipated Crossroads, the new reversible nine-hole golf course by King Collins, will soon be unveiled, further enhancing the diverse amenities already available in Moreland. Additionally, Coore & Crenshaw will begin construction in early 2024 on a much-awaited new 18-hole golf course. As the leader in real estate sales at the Bluff, Palmetto Bluff Real Estate Company takes pride in fostering valuable relationships and helping clients find their ideal vacation or forever home. We possess a deep understanding of Palmetto Bluff and exclusive insider knowledge of upcoming releases and amenity enhancements. Please reach out to us if you would like to learn more.
YEAR-TO-DATE COMPARISON
THIRD QUARTER 2019
2020
2021
2022
2023
130
203
292
176
117
Dollar Volume
$112M
$175M
$282M
$262M
$229.6M
Average Home Purchase Price (Resale and Developer)
$1.43M
$1.57M
$2.0M
$2.2M
$2.4M
Average Homesite Purchase Price (Resale and Developer)
$423K
$507K
$538K
$878K
$995K
homes closed
18 for $38.6M homesites closed
9 for $8.9M
Properties Closed