Market Report
The Sun City Hilton Head real estate market has seen notable shifts over the past year, reflecting changing buyer and seller dynamics. Here's a quick snapshot of key metrics comparing October 2023 to October 2024:
• New Listings decreased slightly from 56 to 53, marking a 5% drop. This suggests a slight hesitation among potential sellers, possibly due to market uncertainty or holding out for better prices.
• Closed Sales saw a more significant decline, dropping by 13% from 63 to 51. This dip in sales volume points to a cooling demand or potential buyer caution.
• The Median Sales Price Year-to-Date experienced a modest 1.5% decrease, from $522,308 in 2023 to $514,465 in 2024. This slight dip could signal a gradual stabilization in home values after years of price growth.
• The Percent of List Price Received dropped from 98.53% to 97.5%, reflecting a 1% decrease. Homes are still selling close to list price, but this small shift indicates slightly more room for negotiation.
• Inventory of Homes for Sale rose substantially, from 90 homes in October 2023 to 152 in October 2024 a 68% increase. This surge in available properties provides more options for buyers, suggesting a transition to a more balanced market or even a buyer-friendly environment.
These statistics reveal a shift toward a market with more available inventory and potentially softening prices, offering oppo nities for buyers in Sun City Hilton Head. 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 indepth 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.
Gary goes above and beyond for his clients. He approaches each stage of the buying and selling (we have worked with him on both) with care and consideration. He is thoughtful, diligent, and it is evident that he’ll go to great lengths to ensure your needs are met. A. Turner
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Gary is a true professional. Extremely knowledgeable about the whole process. He was able to sell my home quickly. He made himself available after the sale while waiting for the closing. Answering any questions along the way. As a seller I highly recommend listing with Gary. C Bennett
