PALMETTO BLUFF PROPERTY REPORT
2022 FIRST QUARTER AT A GLANCE*
– 2 02 2 F I R ST Q UA RT E R U P DAT E –
total homes closed & pending
113 for $199.5M total homesites closed & pending
74 for $58.8M total closed & pending
187 for $258.3M *Numbers reflect community wide closed and pending sales
Palmetto Bluff has seen a continuation of the fast-paced real estate market in the first quarter of 2022. As a result, several of our neighborhoods are nearing sellout, including River Road, which was relaunched in 2011 and has only six lots remaining for sale. All of the developerowned lots in Moreland Village and Moreland Point have been purchased. At the time of this writing, the Palmetto Bluff Real Estate Company has sourced buyers for 82% of all closed and pending transactions YTD. The next closest firm sourced just 5% of total buyers. If you are thinking about selling your Palmetto Bluff property, you want to work with the firm that sources the most buyers to ensure a faster sale and a higher sales price, and the Palmetto Bluff Real Estate Company is undoubtedly the market leader and the firm best equipped to serve you. As of today, we have 448 homes either under construction or in the Design Review Approval process. The unbounded momentum of this community continues to grow, and there has never been a better time to own in Palmetto Bluff. The Palmetto Bluff Real Estate Company is here to help if you ever have questions about the valuation of your property.
FIRST QUARTER COMPARISON Q1 2022
Q1 2021
Q1 2020
79
84
51
$100.7M
$70.6M
42.4M
Average Home Purchase Price (Resale and Developer)
$2.14M
1.98M
1.29M
Average Homesite Purchase Price (Resale and Developer)
$883K
$557K
$601K
Properties Closed Dollar Volume
DESIGN REVIEW BOARD: FIRST QUARTER RESULTS Homes in Review 173 0
50
100
Homes Under Construction 275
Total Completed Homes 822
150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 1000 1050 1100 1150 1200 1250 1300