PALMETTO BLUFF PROPERTY REPORT – 2021 YEAR-END SALES REPORT –
properties closed
372 (up 17% from 2020) 2021 AT A GLANCE
dollar volume
$391M (up 52% from 2020) average home purchase price
Palmetto Bluff is excited to announce another record-breaking sales year, surpassing every previously held real estate record. Closed sales topped $391 million, representing a 52% increase in sales volume over 2020 and a staggering 372 transactions. It is clear that our vision and commitment to this place has added value for Palmetto Bluff, far exceeding anything in the local market. Home values continued to skyrocket, growing 40.24% year over year, and averaging $2,155,061 versus $1,536,700 in 2020.
(resale and developer)
$2.15M (up 40% from 2020) average homesite purchase price
Heading into 2022, our focus on the quality of the built and unbuilt environments, our commitment to conservation and life-long learning, and our dedication to creating an authentic community will continue to pay dividends. Inventory across all property types is the lowest ever seen with only nine resale homes and seven resale homesites on the market at the time of this writing, representing just 1% of all privately owned properties community-wide.
(resale and developer)
$574K (up 18% from 2020)
HISTORICAL COMMUNITY-WIDE CLOSING ACTIVITY UNITS
$MM
400 350
$257
300
319
$391
400
372
350 300
250
250 $102
200 $61
150 100 50
$52 55
0 2008
$27
$44
$29
65
67
2010
2011
141
$68
195
$102 155
152
$148 $92 144
$106 151
177
$152
200
197
150 100 50
36
2009
0 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021