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.