Local Market Update – December 2023 A Research Tool Provided by REsides, Inc. and the Hilton Head Area Association of REALTORS®
Local Market Update – December 2023
Local Market Update – December 2023 Colleton River Real Estate Market Report A Research Tool Provided by REsides, Inc. and the Hilton Head Area Association of REALTORS®
Colleton River | December 2023
Colleton River Local Market Update – December 2023 December Local Market Update – December 2023
Local Market Update – December 2023 A Research Tool Provided by REsides and the
Colleton River
A Research Tool Provided by REsides, Inc. and the A Research Tool Provided by REsides, and the Head Area Association ofInc.REALTORS® Hilton Hilton Head Area Association of REALTORS® HeadTool AreaProvided Association of REALTORS® A Hilton Research by REsides, Inc. and the Hilton Head Area Association of REALTORS®2022
Key Metrics
2023
Detached Homes River Only 1 Colleton
New Listings
Key Metrics
Colleton River River Colleton
Median Sales Price*
$3,500,000
Closed Sales
3
Key Metrics
New Listings
Percent of List Price Received*
1
1
Closed Sales
3
94.1%
Closed Sales
Key Metrics Key Metrics Days on Market Until Sale Key Metrics
2022
2023
Percent Change
0.0%
54
36
Year to Date
- 66.7%
2023
$1,995,000
New Listings
Percent Change
December
1
2022
Year to Date
- 43.0%
1
42 December 30
Percent Change
2022
$1,540,000
+ 6.3% 100.0% December December
December 1
- 33.3%
2023
10.0%
- 28.6%
2022 Percent Change 2023
$1,797,500
54
1
2022
2023
54 - 33.3%
36
36
0.0%
Year to Date Percent Change
+ 16.7%
- 1.6% 96.1% Year to DateYear to Date - 66.7% 30 42 - 28.6% 1 Year 42 to Date
97.7%
-366.7%
Colleton River Real Estate Market Report
A Research Tool Provided by REsides, Inc. and the Hilton Head Area Association of REALTORS®
30
Percent Change
- 33.3%
- 28.6%
Percent Change 2022 2023 2023 Percent Change Percent Change 2022 2023 Percent Change 2022 2023 - 58.2% 131 2022 + 0.8% 46 132 Percent Change Percent Change 2022 2023 2022 2023 Median Sales Price* $3,500,000 43.0% $1,540,000 $1,995,000 $1,797,500 New Listings 11 0.0% 54 $1,540,000 - 33.3% 1 36 Median Sales Price* $3,500,000 - 43.0% +- 33.3% 16.7% $1,995,000 $1,797,500 New Listings 0.0% 54 1 1 13 - 33.3% 1+ 44.4% 0.0% 36 Inventory of Homes forNew SaleListings 9 -- 54 --36 -Percent of List Price Received* 94.1% 97.7% 100.0% 96.1% Closed Sales 3 - 66.7% 42 - 28.6% 1 30 + 6.3% * Does notPercent account for saleClosed concessions and/or downpayment using rounded can1sometimes small sample42 size. Sales -to 66.7% 4230 --28.6% 1 look -extreme 30 of List Price Received* 94.1% +due6.3% 97.7% 1.6% Closed Sales assistance. | Percent changes are calculated 3 3 figures and100.0% 66.7% -96.1% 28.6% Days on Market Until $3,500,000 Sale 110 - 58.2% 131 46 $1,797,500 132 Median Sales Price* - 43.0% $1,540,000 + 16.7% $1,995,000 Sales Price* $3,500,000 - 43.0% - 43.0% + 16.7% $1,797,500 Sales $3,500,000 $1,995,000 ++16.7% $1,995,000 $1,797,500 Days on Median MarketMedian Until Price* Sale 110 - 58.2%$1,540,000 $1,540,000 131 0.8% 46 132 Percent of List Price Received* of Homes for 94.1% + 6.3% 97.7%13 - 1.6%2023 100.0% 96.1%+ 44.4% Inventory Sale 9 --2022 List Price Received* 94.1% - 96.1% 1.6% 100.0% 96.1% Percent Percent of List of Price Received* 94.1% 97.7% - 1.6% 100.0% + 6.3% + 6.3%97.7%
110
December
* Does not account for sale concessions9and/or downpayment assistance. calculated using rounded figures can sometimes look extreme Inventory of Homes Sale Until + are 44.4% --and132 -13 | Percent -changes -- due to small sample size. Daysfor on Market Sale 110 58.2% 131 + 0.8% 46
Days on Market Until Sale
110
46
- 58.2%
Inventory of Homes for Sale Inventory of Homes for Sale
9 9
13 13
+ 44.4% + 44.4%
110 $3,500,000 46
Days on Market Until Sale
131
- 58.2%
132
13 + 0.8%
---
---
131
3 assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. * Does not account for sale concessions and/or downpayment ---
December Inventory* Does of notHomes Sale 9calculated using rounded figures13 44.4% -account for salefor concessions and/or downpayment assistance. | Percent changes are and can sometimes look + extreme due to small sample size. * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. 9
December
2022
$1,995,000
132
+ 0.8%
--
--
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
1
3
December 2023 1 December
1
December
3
3
0.0%
- 66.7%
New Listings 1
Closed Sales 11
11
1
- 43.0%
1
11
1
New Listings
0.0% 66.7% Historical Median Sales 0.0% Price Rolling 12-Month Calculation --66.7%
0.0% $2,000,000
NewListings Listings New 0.0%
New Listings New Listings
Closed Sales Sales Closed - 66.7% - 66.7%
99
+ 44.4%
Closed SalesSales Closed
$1,250,000
$1,750,000 $1,750,000
- 66.7%
- 43.0%
+ 44.4%
Median Sales Price*
Inventory of Homes for Sale
- 43.0%
Median Sales Price* - 43.0% - 43.0%
++44.4% 44.4% All MLS —
Inventory Homes for Inventory of ofColleton HomesRiver forSale Sale ++—44.4% 44.4%
Median Sales Price* Median Sales Price*
Inventory Sale Inventoryof ofHomes Homes for for Sale AllMLS MLS — — All ColletonRiver River — — Colleton
Colleton River —
$1,500,000
$2,000,000 $1,750,000 $1,250,000 $1,250,000
$750,000
$1,750,000
$1,500,000
$500,000
$1,500,000 $1,250,000
$1,000,000 $1,000,000
COLLETON RIVER
$1,250,000 $1,000,000 $750,000
$750,000 $750,000
All MLS — Colleton River —
All MLS — All MLS — Colleton River —
$2,000,000 $1,500,000 $1,500,000
$1,000,000
13
13
Closed Sales
$2,000,000
$2,000,000 $2,000,000
2023 9
2023
9
Historical Median Sales 12-Month Calculation $1,750,000 Historical Median Sales PricePrice RollingRolling 12-Month Calculation
$1,500,000
13 2022
--
Inventory of Homes for Sale
Historical Median Sales Price - Rolling 12-Month Calculation
$1,750,000
+ 0.8%
$1,995,000
Historical Median Sales Price Rolling 12-Month Calculation
Historical HistoricalMedian MedianSales SalesPrice Price Rolling Rolling 12-Month 12-Month Calculation Calculation
2023
9
- 1.6%
2022
2022
$1,995,000
$1,995,000 $1,995,000 $1,995,000
Median Sales Price*
2023 2023
13 13
$3,500,000 1
1
0.0%
1
2022 2022
$3,500,000 $3,500,000 $3,500,000
33
1
1
$3,500,000
+ 16.7%
ALL MLS
$500,000 $250,000 $500,000 $500,000 4-2014 10-2014 4-2015 10-2015 4-2016 10-2016 4-2017 10-2017 4-2018 10-2018 4-2019 10-2019 4-2020 10-2020 4-2021 10-2021 4-2022 10-2022 4-2023 10-2023 $1,000,000 $1,250,000
$1,000,000 $750,000 $500,000
$750,000 $500,000
$250,000 $250,000 $250,000 4-2014 10-2014 4-2015 10-2015 4-2016 10-2016 4-2017 10-2017 4-2018 10-2018 4-2019 10-2019 4-2020 10-2020 4-2021 10-2021 4-2022 10-2022 4-2023 10-2023 4-20144-2016 10-2014 4-2015 4-2016 10-2016 4-20184-2021 10-2018 4-2020 10-2020 4-2021 10-2021 4-2022 10-2022 4-2023 10-2023 4-2014 10-2014 4-2015 10-2015 10-2016 4-2017 10-2015 10-2017 4-2018 10-2018 4-20194-2017 10-2019 10-2017 4-2020 10-2020 10-20214-2019 4-2022 10-2019 10-2022 4-2023 10-2023
Current as of January 10, 2024. Data © 2024 REsides, INC. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2024 ShowingTime. Current as of January 10, 2024. Data © 2024 REsides, INC. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2024 ShowingTime.
Current as of January 10, 2024. Data © Current 2024 REsides, All Rights | Sponsored South Carolina | Report © 2024 ShowingTime.by South Carolina REALTORS®. | Report © 2024 ShowingTim as ofINC. January 10,Reserved. 2024. Data © 2024byREsides, INC.REALTORS®. All Rights Reserved. | Sponsored $250,000 4-2014 10-2014 4-2015 10-2015 4-2016 10-2016 4-2017 10-2017 4-2018 10-2018 4-2019 10-2019 4-2020 10-2020 4-2021 10-2021 4-2022 10-2022 4-2023 10-2023
Information Sponsored by
$250,000 4-2014 10-2014 4-2015 10-2015 4-2016Current 10-2016 4-2017 10, 10-2017 4-2018 4-2019 10-2019 4-2020 10-2020 by4-2021 10-2021 4-2022 10-2022 10-2023 as of January 2024. Data © 202410-2018 REsides, INC. All Rights Reserved. | Sponsored South Carolina REALTORS®. | Report 4-2023 © 2024 ShowingTime.
Jeff Hall
843-384-7941 Jammerhhi@gmail.com www.JeffHall.BeachClubRealEstate.com
Current as of January 10, 2024. Data © 2024 REsides, INC. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2024 ShowingTime. Familiar Faces. Trusted Advisors.
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