Mar
25

Hilton Head Sales Increase 26.3% In Prime Market Segment

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From our friends at Foundation Realty:

Four factors might be contributing to some market turbulence of late. Weather, interest rates, fewer distressed properties and less investor activity can all affect the market numbers. us and there is plenty of reason for optimism. For the 12-month period spanning March 2013 through February 2014, Pending Sales in the Hilton Head region were up 5.4 percent overall. The price range with the largest gain in sales was the $375,001 to $650,000 range, where they increased 26.3 percent.

The overall Median Sales Price was up 12.3 percent to $255,000. The property type with the largest price gain was the Condo segment, where prices increased 16.6 percent to $190,000. The price range that tended to sell the quickest was the $100,000 and Below range at 95 days; the price range that tended to sell the slowest was the $650,001 and Above range at 174 days

Market-wide, inventory levels were down 9.2 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 8.3 percent. That amounts to 7.4 months supply for Single-Family homes and 9.3 months supply for Condos.

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    Categories : Hilton Head Island

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