Monthly Market Report • August 2024

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The Sun City Hilton Head

The Sun City real estate market has seen significant changes over the past year. New listings have surged by 40% from July 2023 to July 2024, and closed sales have also increased by 6.25% during this same period. However, the median year-to-date sales price has dipped slightly, down 1.3% compared to last July. The number of available listings has risen dramatically, up 79% from last year and an astonishing 713% compared to July 2022. Despite this substantial increase, the number of listings has stabilized around 130 for the past several months, indicating that both prices and inventory levels have leveled off. For buyers, this market presents a unique opportunity with a wider selection of homes and better negotiating power compared to a year ago. For sellers, it's an opportune time to capitalize on their properties while prices remain near historic highs. How Can I Assist You? If you're considering selling your property in the near future, I invite you to reach out for a comprehensive Market Analysis and an in-depth market review. By understanding the current market dynamics, we can develop a strategy to ensure your home stands out and achieves the best possible value in this evolving landscape.

16 Pinckney Drive | 2 Beds | 2 Baths w/Den | 1665 Sq ft Hamilton/Jefferson with a gorgeous lagoon view, wood floors and screened porch. Contact me for details. $469,000

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