Skip To Content

    Weekly Market Pulse – July 8, 2015

    Weekly Market Pulse Logo (3)

    WEEKLY MARKET PULSE
    by Chris Sanders, Client Market Advisor
    July 7, 2015

    Collins Group Realty is pleased to provide you with this week’s edition of Market Pulse; a quick overview identifying a few of the local real estate “highlights”, in an effort to bring your attention to some of what specifically hit our radar last week…

    HOTSHEET SUMMARY FROM THE PRIOR WEEK:

    • LISTINGS: 118 listings were added to our local markets last week
    • CONTRACTS: 122 residential properties moved to pending or contingent status (STRONG)
    • CLOSED SALES: 105 closed sales were reported (YTD, the most reported during a single week)

    As we begin the third quarter of 2015, we wanted to take an opportunity to look back at how the year has started in comparison to 2014.  According to the National Association of Realtors, the US housing market is expected to continue on its path to recovery as consumer confidence improves, pending home sales spike, inventory tightens and the anticipation of rising interest rates looms.  That being said, we wanted to take this opportunity to report some comparative observations with respect to our local real estate markets, specifically in the Hilton Head / Bluffton areas. 


    When comparing the first half of 2015 to the first half of 2014, we are pleased to report…

    HILTON HEAD ISLAND

    • The total number of closed sales on the island increased by almost 9%
    • The percentage of closed sales reported OVER the $500,000 price point rose by 6%
    • The median sale price increased by 7.21% (homes), and 12% (villas)
    • The percentage of bank involved sales (REO and Short) declined by 3%
    • The number of villa sales on the island increased by a whopping 17%
    • Considering ALL island markets, there is currently a 7.95 month supply of single family homes and a 6.65 month supply of villas.

    GREATER BLUFFTON AREAS

    • The total number of single family home sales increased by 16%
    • The percentage of bank involved sales (REO and Short) declined by 9%
    • The median sale price increased by 5% (homes)
    • The percentage of closed sales reported OVER the $300,000 price point rose by 5%

     As always, thank you for choosing Collins Group Realty as your local real estate resource. Our team of professionals is available for you 24/7, and we are always honored and appreciative when we receive your referrals. Please call us anytime we can be of service or research a specific property or area just for YOU!   

     Hilton Head: 843-341-6300         Bluffton: 843-837-6700          World: http://www.CollinsGroupRealty.com

    Primary Data source: Hilton Head MLS (DATA IS BELIEVED TO BE ACCURATE BUT IS NOT GUARANTEED)

    Trackback from your site.

    Leave a Reply

    2020 Real Estate Market Analysis

    2020 Mid Year Market Report July 2020