Local Market Update – November 2021
Local Market Update – November 2021
Long Cove Real Estate Market Report
A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®
A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®
Local Market Update – November 2021 Real Estate Market Report LongLong Cove Cove | November 2021 LocalCove Market Update – November 2021 Long A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®
A Research Tool Provided by the Multiple Listing Service of Hilton
Long Cove
A Research Tool Provided by the Multiple Listing Service of Islandandand Hilton Area Association of REALTORS® Hilton Head Head Island thethe Hilton HeadHead Area Association of REALTORS®
Local 2021 November Local Market Market Update Update––November November 2021 A Research Tool Provided by the Multiple Listing Service of A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®2021 Hilton Head Island and the Hilton Head Area 2020 Association of REALTORS®
Key Metrics
Detached Only New Listings LongHomes Cove
Long Cove Cove
Closed Sales Key Metrics
Key Metrics
Median Sales Price* New Listings
0
3 2020
6
Closed Sales95.1%
Key Metrics
2021
37
49
Percent Change 42 2021 + 100.0%
2020 49
November
2020
2021
97.9%
3
2020
November + 2.9%
95.8% + 3100.0% 6 November November Percent Change 2021
Percent Change
Year to Date + 32.4% + 16.7% 2021
Percent Change
$657,500 $1,312,500 0 + 102.2%- 100.0% 4 0
New Listings
Closed Sales
2020
Percent Change
November - 100.0%
4
$649,100 4
Percent of List Price Received*
Year to Date
$935,000 37
- 100.0%
98.7%
2020
+4942.2%
2021
37 + 32.4%
49
42 + 16.7%
49
Year +to3.0% Date
+Date 100.0% 49 42 Year toto Year Date 2021 2020
6
Year to Date Percent Change
Percent Change
P
176 - 52.3% 173 - Change 46.8% 84 92+ 102.2% $649,100 $1,312,500 $935,000 Percent Change Percent Percent Change Percent Change$657,500 2021 2020 2021 KeyMetrics Metrics Median Sales Price* 2020 $1,312,500 2021 2020$657,500 2021 Median Sales Price*Key $649,1002020 + 102.2% ++ 42.2% $935,000 New Listings 4 - 100.0% 37 32.4% 0 49
Days on Market Until Sale
Inventory of Homes forNew Sale 7 Listings 44 6 New Listings Percent of List Price Received*
-95.1% 100.0% 0 0 - 14.3% - 100.0%
-- 95.8% --49+ 2.9%+ 32.4% 49 + 32.4%
-- 37 37 97.9%
Closed SalesReceived* + 100.0% 42 Percent of List Price 95.1% 3 + 2.9% 95.8% 97.9% 6 * 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. 66
49 98.7%
November
$1,312,500 84 $1,312,500
176 $649,100 $649,100
Inventory of Homes for Sale
* Does not account for sale concessions and/or downpayment assistance. |
+ 102.2%
4242 84
- 14.3%
--
--
$1,312,500 176 - 52.3% 173 1739292 176 - 52.3% 173 176 - 52.3% 848484 7 size. 6 are calculated Percent changes using rounded figures and can sometimes look extreme due to small sample
November Inventory Homes forSale Sale Inventory ofInventory Homesofof for Sale Homes for
66 6
777
4
0
6
6
4- 100.0% 4 New Listings
+ 100.0%
4 4
Closed 3 0 0
$649,100
Historical Median Sales- 100.0% Price
Rolling 12-Month+Calculation 100.0%
New Listings New Listings - 100.0%
Closed Sales Closed Sales
0 - 100.0%
0
- 100.0%
New Listings
Closed Sales
Median Sales Price* Median Sales Price* + 102.2%
$1,000,000
- 14.3%
$600,000
All MLS —— Long Cove Long Cove —
Rolling 12-Month Calculation
$600,000
$600,000
$800,000
ALL MLS
$600,000
$400,000
$400,000
$800,000 $600,000 $200,000 4-2014 10-2014
$600,000
LONG All MLS — Long Cove — COVE
$800,000
$1,000,000 $400,000
All MLS — Long Cove —
$800,000
$1,000,000
A Long
Inventory of—Homes for Sale All MLS
Rolling 12-Month Calculation
$800,000
Inventory of Home
Inventory of Homes for Sale
Historical Median Sales Price - Rolling 12-Month Calculation
Historical Median Sales Price
- 14.3%
Inventory of Homes for Sale - 14.3%
Rolling 12-Month + 102.2%Calculation Median Sales Price*
$1,000,000
$1,000,000
6
- 14.3% - 14.3% All MLS — Inventory of Homes for Sale Long Cove —
Historical Median Sales PriceSales Rolling 12-Month Calculation Median Sales Price* New Listings Closed Historical Median Sales Price Rolling 12-Month Calculation
Historical Median Sales Price
2021
6
6 67
Median Sales Price*
+ 102.2% + 102.2%
+ 100.0% Historical+Median 100.0% Sales Price
2021 7
+ 102.2%
Closed Sales
+ 100.0%
20
Inventory of Homes for Sale
$649,100 + 100.0%
New Listings
2020
- 14.3%
$649,100 Median$649,100 Sales Price*
3 - 100.0%
2020
7
$649,100 7 7 $1,312,500
+ 102.2%
3 Sales3 0
--
$1,312,500 $1,312,500
3
6
6-----
2020 2021 2021 2020
$1,312,500
6
- 46.8%
$1,312,500
November
--
--
92 - 46.8% - 46.8%
-- -- --
- 14.3% - 14.3% -- -- 14.3%
Doesnot notaccount accountforforsale saleconcessions concessionsand/or and/ordownpayment downpaymentassistance. assistance.| Percent | Percent changes calculated using rounded figures and sometimes look extreme due to small sample 4 * Does not account for**Does changes areare calculated using rounded figures and cancan sometimes extreme due to small sample size.size. sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and canlook sometimes look extreme due to small sample size. $649,100 6 3
November 2020 November November 2021
92
-102.2% 52.3% $657,500 $657,500 173 $935,000 + +102.2% $935,000
6
7
Days on Market Until Sale Dayson onMarket Market UntilSale Sale Days Until
+ +100.0% 100.0% 176
$1,312,500
$649,100 Inventory of Homes for Sale Percent of List Price Received* 95.1% Percent of List Price Received* 95.1%
$800,000
98.7%
+ 16.7% + 16.7% 4949 - 52.3% 173 $657,500 + 42.2% $935,000 - 46.8% + 42.2% 92 + 42.2% 7 - 14.3% -6 2020 2021 + 2.9% 95.8% 95.8% + 3.0% 97.9% 98.7% 2.9% + 3.0% 97.9% 98.7% Percent of List Price Received* + +2.9% 95.8% + extreme 3.0% 97.9% 98.7% * Does not account for sale concessions and/or95.1% downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look due to small sample size.
Closed ClosedSales Sales Days on Market Until Sale 3 3
Median Sales Price*
Days on Market Until SaleSales Median SalesPrice* Price* Median
$1,000,000
++ 16.7% 3.0%
$400,000
4-2015
10-2015
$200,000 4-2014 $200,000 4-2014
$400,000
4-2016
10-2016
4-2017
10-2017
4-2018
$200,000 4-2015 10-2015 4-2016 10-2016 4-2017 4-2014 10-2014 4-2015 10-2015
10-2014
10-2014
4-2015
10-2015
4-2016
10-2016
4-2017
10-2017
10-2018
4-2016
10-2017
4-2018
4-2019
10-2016
4-2018
10-2019
10-2018
10-2018
4-2019
4-2017
4-2019
4-2020
10-2019
10-2017 10-2019
10-2020
4-2020
4-2018
4-2020
4-2021
10-2020
4-2021
10-2018
10-2020
4-2021
10-2021 10-2021
4-2019
10-2019
4-2020
10-2020
4-20
10-2021
Current as of December 10, 2021. Data © 2021 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2021 ShowingTime. Current as of December 10, 2021. Data © 2021 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2021 ShowingTime.
$400,000
Current as of December 10, 2021. Data © 2021 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2
$200,000 4-2014
Current as of December 10, 2021. Data © 2021 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2021 ShowingTime.
10-2014
4-2015
10-2015
4-2016
10-2016 4-2017 10-2017 4-2018 10-2018 Information Sponsored by
4-2019
Ann Webster
10-2019
4-2020
10-2020
4-2021
10-2021
Current as of December 10, 2021. Data © 2021 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2021 ShowingTime.
$200,000 4-2014
32
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
843-384-5338 ann@annwebster.com www.AnnWebster.com Current as of December 10, 2021. Data © 2021 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2021 ShowingTime.
