2023 Annual Market Report | Hilton Head Island & Bluffton

2023 ANNUAL

MARKET REPO RT HILTON HEAD ISLAND & BLUFFTON

Featured Properties COVER HOME

34 Surf Scoter Road, Hilton Head Island | Sold for $9,600,000

12 S Beach Lane, Hilton Head Island | Sold for $3,895,000

1 Heffalump Road, Okatie | Sold for $3,650,000

Let us introduce you to a life well-lived in the Lowcountry Miles of winding waterways and sandy shores. Legendary golf courses. Historic cities with storied streets abuzz with new experiences. Expansive acreage promising a relaxing respite.

Life along the South Carolina & Georgia coastline has something for everyone.

Serving the Lowcountry in Charleston, Savannah, Hilton Head Island, Beaufort, & Bluffton WWW.DANIELRAVENELSIR.COM

2023 Annual Market Report Section 1: Hilton Head Island and Daufuskie Island

HILTON HEAD ISLAND (SINGLE FAMILY HOMES) Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

93

177

47.5%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

37

51

27.5%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$339.62 2023

6.5%

$318.84 2022

AVERAGE SALES PRICE

$817,125 2023

0.04%

$817,423 2022

LIST TO SALES PRICE RATIO

97.87% 2023

0.11%

97.76% 2022

HILTON HEAD ISLAND (VILLAS AND CONDOS) Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

240

337

28.8%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

36

24

50.0%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$299.44 2023

7.0%

$279.72 2022

AVERAGE SALES PRICE

$312,935 2023

6.0%

$295,333 2022

LIST TO SALES PRICE RATIO

97.36% 2023

1.52%

98.88% 2022

FOLLY FIELD Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

105

148

29.1%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

58

36

61.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$559.54

6.8%

2023

$524.14 2022

AVERAGE SALES PRICE

$536,326 2023

4.8%

$511,750 2022

LIST TO SALES PRICE RATIO

96.91% 2023

0.96%

97.87% 2022

FOREST BEACH Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

218

253

13.8%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

63

36

75.0%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$563.21 2023

6.1%

$530.90 2022

AVERAGE SALES PRICE

$746,876 2023

19.8%

$623,255 2022

LIST TO SALES PRICE RATIO

118.34% 2023

19.59%

98.76% 2022

HILTON HEAD PLANTATION Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

216

214

0.9%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

32

15

113.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$389.79 2023

13.2%

$344.37 2022

AVERAGE SALES PRICE

$950,484 2023

5.7%

$899,025 2022

LIST TO SALES PRICE RATIO

98.20% 2023

3.26%

101.46% 2022

INDIGO RUN Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

39

34

14.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

31

16

93.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$344.35 2023

$324.37

6.2%

2022

AVERAGE SALES PRICE

$1,121,203 2023

4.4%

$1,073,465 2022

LIST TO SALES PRICE RATIO

97.66% 2023

2.36%

100.02% 2022

LONG COVE Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

18

37

51.4%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

41

29

41.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$424.02

28.9%

2023

$329.06 2022

AVERAGE SALES PRICE

$1,442,333 2023

25.3% $1,150,886 2022

LIST TO SALES PRICE RATIO

97.80% 2023

0.59%

98.39% 2022

MOSS CREEK Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

56

65

13.8%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

33

28

17.9%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$321.21

7.2%

2023

$299.75 2022

AVERAGE SALES PRICE

$877,163 2023

18.8%

$738,154 2022

LIST TO SALES PRICE RATIO

96.94% 2023

2.02%

98.96% 2022

PALMETTO DUNES/SHELTER COVE Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

211

261

19.2%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

50

33

51.5%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$593.59 2023

$585.61

1.4%

2022

AVERAGE SALES PRICE

$1,041,057 2023

13.4%

$1,202,007 2022

LIST TO SALES PRICE RATIO

96.47% 2023

1.87%

98.33% 2022

PALMETTO HALL Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

27

22

22.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

28

20

40.0%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$292.28

$298.63

2.1%

2023

2022

AVERAGE SALES PRICE

$987,579 2023

3.5%

$954,284 2022

LIST TO SALES PRICE RATIO

98.85% 2023

1.35%

97.50% 2022

Thank you for being a part of our record-breaking year.

$

MAXIMIZE THE VALUE OF YOUR HOME WITH THE RIGHT REPRESENTATION

841.7 Million

WE PROVIDE LUXURY SERVICE AT EVERY PRICE POINT

Total sales volume in 2021

With your trust and collaboration, we are thrilled to announce that we have shattered our 2020 record-breaking sales volume, confirming our position as the Lowcountry luxury leader.

We are local experts with a global reach, showcasing your property to the widest audience to achieve the highest price-point.

High-touch, service-minded, and technology driven; our representation goes above and beyond all others.

SCAN HERE OR VISIT DRSIRMARKETREPORT.COM FOR A YEAR-END MARKET REVIEW

DISCOVER THE DIFFERENCE.

Our Offices CHARLESTON, SC 33 Broad Street 843.723.7150

Comp Feb Mar 2022 .indd 1

HILTON HEAD, SC 23-A Shelter Cove Lane 843.341.2623

BLUFFTON, SC 49 Boundary Street 843.836.3900

PORT ROYAL

Residential Sales | Hilton Head Island and Daufuskie Island WWW.DANIELRAVENELSIR.COM

SAVANNAH, GA 17 West Charlton Street 912.234.3323

NUMBER OF SALES

45

59

23.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

46

35

31.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$485.54

$447.78

8.4%

2023

2022

AVERAGE SALES PRICE

$1,444,200 2023

15.8%

$1,247,550 2022

LIST TO SALES PRICE RATIO

98.04% 2023

1.16%

99.21% 2022

SEA PINES Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

290

343

15.5%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

47

26

80.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$589.88 2023

$587.91

0.3%

2022

AVERAGE SALES PRICE

$1,462,714 2023

3.1%

$1,508,832 2022

LIST TO SALES PRICE RATIO

97.98% 2023

1.04%

99.02% 2022

SHIPYARD Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

82

102

19.6%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

45

17

164.7%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$415.77

4.5%

2023

$398.04 2022

AVERAGE SALES PRICE

$664,380 2023

6.7%

$622,852 2022

LIST TO SALES PRICE RATIO

97.08% 2023

2.95%

100.04% 2022

SPANISH WELLS Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

7

7

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

62

66

6.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$448.86

$367.55

22.1%

2023

2022

AVERAGE SALES PRICE

$2,652,143 2023

41.6%

$1,873,571 2022

LIST TO SALES PRICE RATIO

90.96% 2023

3.98%

WEXFORD Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

29

23

26.1%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

56

38

47.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$450.11

$419.02

7.4%

2023

2022

AVERAGE SALES PRICE

$2,221,379 2023

11.5%

$1,993,000 2022

LIST TO SALES PRICE RATIO

96.08% 2023

0.87%

96.96% 2022

94.95% 2022

WINDMILL HARBOUR Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

18

22

18.2%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

43

25

72.0%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$353.35 2023

5.2%

$335.88 2022

AVERAGE SALES PRICE

$1,087,722 2023

25.6%

$866,177 2022

LIST TO SALES PRICE RATIO

96.15% 2023

0.20%

DAUFUSKIE ISLAND Residential Sales | Hilton Head Island and Daufuskie Island NUMBER OF SALES

48

47

2.1%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

82

64

28.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$307.66 2023

4.0%

$320.54 2022

AVERAGE SALES PRICE

$789,293 2023

0.5%

$793,253 2022

LIST TO SALES PRICE RATIO

91.34% 2023

1.98%

93.32% 2022

96.36% 2022

2023 Annual Market Report Section 2: Bluffton and Okatie

BELFAIR Residential Sales | Bluffton and Okatie NUMBER OF SALES

38

49

22.4%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

82

51

60.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$360.66

$327.58

10.1%

2023

2022

AVERAGE SALES PRICE

$1,353,226 2023

1.4%

$1,372,806 2022

LIST TO SALES PRICE RATIO

95.92% 2023

0.63%

96.55% 2022

BERKELEY HALL Residential Sales | Bluffton and Okatie NUMBER OF SALES

28

41

31.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

111

45

146.7%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$332.65 2023

$341.22

2.5%

2022

AVERAGE SALES PRICE

$1,317,317 2023

3.7%

$1,270,526 2022

LIST TO SALES PRICE RATIO

95.80% 2023

3.05%

98.85% 2022

BLUFFTON GENERAL Residential Sales | Bluffton and Okatie NUMBER OF SALES

974

1,155

15.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

35

20

75.0%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$241.20 2023

$222.01

8.6%

2022

AVERAGE SALES PRICE

$487,338 2023

$451,376

8.0%

2022

LIST TO SALES PRICE RATIO

98.20% 2023

0.99%

99.19% 2022

CALLAWASSIE ISLAND Residential Sales | Bluffton and Okatie NUMBER OF SALES

34

37

8.1%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

107

49

118.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$311.63 2023

$272.46

14.4%

2022

AVERAGE SALES PRICE

$897,217 2023

4.6%

$858,096 2022

LIST TO SALES PRICE RATIO

96.64% 2023

0.34%

96.98% 2022

COLLETON RIVER Residential Sales | Bluffton and Okatie NUMBER OF SALES

30

42

28.6%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

51

43

18.6%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$411.81

4.6%

2023

$393.64 2022

AVERAGE SALES PRICE

$1,752,622 2023

8.6%

$1,916,607 2022

LIST TO SALES PRICE RATIO

96.34% 2023

1.48%

97.83% 2022

HAMPTON HALL Residential Sales | Bluffton and Okatie NUMBER OF SALES

50

60

16.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

47

18

161.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$308.37

12.9%

2023

$273.04 2022

AVERAGE SALES PRICE

$965,900 2023

20.0%

$805,003 2022

LIST TO SALES PRICE RATIO

97.05% 2023

3.21%

100.26% 2022

HAMPTON LAKE Residential Sales | Bluffton and Okatie NUMBER OF SALES

74

76

2.6%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

38

24

58.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$340.02

$322.49

5.4%

2023

2022

AVERAGE SALES PRICE

$1,002,991 2023

$939,968

6.7%

2022

LIST TO SALES PRICE RATIO

97.98% 2023

1.32%

99.30% 2022

HILTON HEAD LAKES Residential Sales | Bluffton and Okatie NUMBER OF SALES

68

55

23.6%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

62

28

121.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$206.11 2023

$182.18

13.1%

2022

AVERAGE SALES PRICE

$417,171 2023

15.8%

$360,254 2022

LIST TO SALES PRICE RATIO

95.87% 2023

2.18%

98.05% 2022

OLDFIELD Residential Sales | Bluffton and Okatie NUMBER OF SALES

51

24

112.5%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

70

60

16.7%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$335.52

$312.35

7.4%

2023

2022

AVERAGE SALES PRICE

$1,054,399 2023

5.7%

$1,118,127 2022

LIST TO SALES PRICE RATIO

97.63% 2023

1.23%

98.86% 2022

PALMETTO BLUFF Residential Sales | Bluffton and Okatie NUMBER OF SALES

85

90

5.6%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

95

35

171.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$738.71

0.6%

2023

$743.53 2022

AVERAGE SALES PRICE

$2,613,277 2023

13.5% $2,301,651 2022

LIST TO SALES PRICE RATIO

94.65% 2023

2.86%

97.52% 2022

ROSE HILL Residential Sales | Bluffton and Okatie NUMBER OF SALES

56

51

9.8%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

31

17

82.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$267.87 2023

$275.73

2.9%

2022

AVERAGE SALES PRICE

$664,177 2023

12.6%

$759,957 2022

LIST TO SALES PRICE RATIO

97.25% 2023

4.37%

101.62% 2022

SPRING ISLAND Residential Sales | Bluffton and Okatie NUMBER OF SALES

13

13

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

93

66

40.9%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$569.90

3.2%

2023

$588.56 2022

AVERAGE SALES PRICE

$1,921,385 2023

3.8%

$1,997,821 2022

LIST TO SALES PRICE RATIO

96.18% 2023

7.52%

88.66% 2022

SUN CITY/RIVERBEND Residential Sales | Bluffton and Okatie NUMBER OF SALES

600

684

12.3%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

62

14

342.9%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$272.47 2023

$257.01

6.0%

2022

AVERAGE SALES PRICE

$541,214 2023

$495,558

9.2%

2022

LIST TO SALES PRICE RATIO

98.69% 2023

1.73%

100.42% 2022

LATITUDE MARGARITAVILLE Residential Sales | Bluffton and Okatie NUMBER OF SALES

580

412

40.8%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

12

5

140%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$257.82 2023

13.0%

$228.14 2022

AVERAGE SALES PRICE

$467,249 2023

11.4%

$419,308 2022

LIST TO SALES PRICE RATIO

100.45% 2023

0.77%

101.22% 2022

2023 Annual Market Report Section 3: Jasper County

JASPER COUNTY Residential Sales | Jasper County NUMBER OF SALES

363

233

55.8%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

131

102

28.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$214.60 2023

12.7%

$190.42 2022

AVERAGE SALES PRICE

$384,354 2023

6.3%

$361,694 2022

LIST TO SALES PRICE RATIO

98.81% 2023

0.05%

98.86% 2022

HARDEEVILLE Residential Sales | Jasper County NUMBER OF SALES

271

114

137.7%

2023

2022

AVERAGE CUMULATIVE DAYS ON MARKET

144

135

6.7%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$215.58 2023

10.1%

$195.72 2022

AVERAGE SALES PRICE

$388,871 2023

0.1%

$389,244 2022

LIST TO SALES PRICE RATIO

99.58% 2023

0.22%

99.36% 2022

Nothing Compares.

49 BOUNDARY STREET, BLUFFTON, SC | 23-A SHELTER COVE LANE, HILTON HEAD ISLAND, SC DANIELRAVENELSIR.COM Statistics are compiled quarterly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. We fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.