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First Quarter 2016 Real Estate Market Update

by Chris Sanders

Happy Heritage week!

The chart below is a comparative illustration between the first quarter of 2015 and that of 2016.*

The total number of overall home and lot sales increased, while the villa/condominium market seems to be lacking behind a bit. We are pleased to see that the number of closed sales over $1 million increased by 6%, while the number of banks sales and reported short sales dropped significantly.

Collins Group Realty will continue to monitor this activity and present an update at the end of the second-quarter.

*based on data reported in the Hilton Head MLS


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