Jun
05

Hilton Head Island Real Estate Report

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From our friends at Foundation Realty –

Headline numbers can often mask important variations across different areas and property types, rendering segment-specific statistics that much more important. For the 12-month period spanning May 2011 through April 2012, Pending Sales in the Hilton Head region were up 15.4 percent overall. The price range with the largest gain in sales was the $100,001 to $225,000 range, where they increased 26.4 percent.

The overall Median Sales Price was down 2.0 percent to $229,200. The property type with the smallest price decline was the Condo segment, where prices decreased 2.4 percent to $145,000. The price range that tended to sell the quickest was the $100,000 and Below range at 98 days; the price range that tended to sell the slowest was the $650,001 and Above range at 220 days.

Market-wide, inventory levels were down 16.7 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 16.6 percent. That amounts to 10.3 months supply for Single-Family homes and 11.4 months supply for Condos.

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    Categories : Hilton Head Island

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