PALMETTO BLUFF PROPERTY REPORT –

2023 MIDYEAR UPDATE –

total closed & pending 129 for $255.4M total homes closed & pending 103 for $228.5M total homesites closed & pending 26 for $26.9M

Numbers reflect community-wide closed and pending sales

Palmetto Bluff ended the second quarter on a high note with 129 closed and pending transactions community-wide for $255.4 million. Palmetto Bluff Real Estate Company dominated the market, as we brought the buyer for 82 transactions, equating to $154.5 million in dollar volume. Comparatively, the next closest firm brought just 19 buyers.

While the number of closed transactions year-to-date is lower compared to 2021 and 2022 (historic years), the average purchase price of Palmetto Bluff homes and homesites has increased significantly. In fact, total sales volume has doubled compared to 2019and with fewer transactions.

Interest in new construction has not waned; 398 homes are either in the construction or Design Review Board approval stages and 977 homes have been completed. Notably, our first built-for-sale enclave, The Grove, was released last month in Moreland Forest and has already attracted its first residents to break ground.

As the market leader, Palmetto Bluff Real Estate Company has an advantage in selling your home. We deliver superior results for sellers and it shows. Our home listings sell for 5.4% more than competing firms. We also have a strong pulse on current market conditions and upcoming releases if you’re interested in purchasing a new home. Please reach out to us if you’d like to learn more about our community and future new releases. We are here to help!

Midyear Comparison

70% of all Closed &